5040 Northwest 7th Street

5040 Northwest 7th Street in Miami, FL was first built in 1986 and is 38 years old. This has been categorized as a office property type. There are a total of 9 floors. There are 42 partial bathrooms. 5040 Northwest 7th Street has 104,307 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 57,935 square feet.

Learn more about the property and building on this page. There is a unknown. The home has a flat style roof. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with concrete block control joints. The exterior walls of the home are made of concrete block. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with a chilled water air conditioning system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 5040 Northwest 7th Street was last sold in Apr 13, 2022 for $18,000,000. According to our calculations, that's $172.57 per sqft. Prior to that sales transaction, the property was sold for $14,500,000 in Jan 19, 2021. Current property owners are expected to pay $296,012 in taxes per year. The property on 5040 Northwest 7th Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $14,400,000. To break that down further, the land itself was valued at $4,634,800. While improvements to the property were assessed at a total of $9,765,200. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged.