525 Southwest 1st Avenue

Local assessors in Homestead, FL have categorized 525 Southwest 1st Avenue as a residential type of property. The home was built in 1973 and is 51 years old. The property's lot size has been calculated to be 14,500 square feet. The linear feet between the front and back of the lot was measured at 1,450 ft and the front of the lot was measured at 1,000 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a multifamily style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 12 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 12 full bathrooms. There are also 12 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 525 Southwest 1st Avenue has a total of 9,628 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with concrete block control joints. The building has a bowstring truss style roof that was made of slate. Lots of concrete block were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling 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, 525 Southwest 1st Avenue was last sold in Oct 31, 2023 for $1,770,000. According to our calculations, that's $183.84 per sqft. Prior to that sales transaction, the property was sold for $502,500 in Oct 19, 2016. Current property owners are expected to pay $18,149 in taxes per year. The property on 525 Southwest 1st Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $693,000. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.