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525 Southwest 67th Avenue

525 Southwest 67th Avenue, Miami, FL 33144
Sold Jul 28, 2021
$500,000
$485,000 by Upequity Spv2 Llc
Mortgage Due Jul 01, 2051
Sold Apr 01, 2020
$457,000
Local assessors in Miami, FL have categorized 525 Southwest 67th Avenue as a residential type of property. The home was built in 1947 and is 77 years old. It was most recently renovated and altered in 2011. The property's lot size has been calculated to be 6,500 square feet. The linear feet between the front and back of the lot was measured at 1,300 ft and the front of the lot was measured at 500 ft. 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, 3 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 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 525 Southwest 67th Avenue has a total of 2,363 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. Additional features on the property are as follows. There is a carport for those who need a place to park their vehicle. The garage on the property is 160 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Do you like to entertain? The home has a unknown so you'll have a great option in the back of the home. 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. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - D. The building has a gable or hip style roof that was made of tile. Lots of stucco were used in the construction of the exterior walls of the home. As for flooring, was the material of choice during construction. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 525 Southwest 67th Avenue sold most recently in Jun 17, 2021 for a total of $500,000. If you work out the math, that's approximately a cost of $200.88 per sqft. Before that, the property was also sold for $457,000 in Mar 2, 2020. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $9,225 in taxes each year. 525 Southwest 67th Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $472,107. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Parking

Carport
Covered Parking
Detached Garage

Driveway

Driveway

Condition

New Construction
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 2011
  • Building Count: 2
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: D
  • Construction Type: Concrete block
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Tile
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Covered
  • Basement Area: 0
  • Garage Type: Carport
  • Garage Square Area: 160
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 6,500
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,489
  • Gross Building Area: 2,489
  • Building Area: 2,363
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,363
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FAIRLAWN
  • Land Acres: 0.149
  • Standard Land Use Code: Single family residential
  • Legal Description 1: FAIRLAWN PB 8-83 LOT 19 LESS W5FT BLK 29 LOT SIZE 50.000 X 130 CF 73R101454

Ownership

  • Current Owner : SUAREZ LUIS
  • Previous Owner : BONORA MARTHA G GONZALEZ
  • Owner Before Previous Owner: FALCON MAVIS
  • Owner Before Previous Owner 2: FALCON RUBEN
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: MIAMI
  • Census Tract: 005803

Zoning

  • Zoning: 0100

Geography

  • Assessors Map Reference: 201
  • District: 01
  • Parcel: 01-4001-005-6280
  • Block: 29
  • Lot: 19
  • Meridian: SEC 01 TWN 54S RNG 40E
  • Municipality: MIAMI
  • Latitude: 25.7655
  • Longitude: -80.3037

    Address

  • Full Address: 525 Sw 67th Ave
  • Address - House Number: 525
  • Street Direction: SW
  • Address - Street Name: 67th
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Miami
  • Carrier Code: C034
  • 4-Digit Zip Code: 3603
  • Zip Code: 33144

Valuation

    Tax

  • Total Area: 2,302
  • Tax Year: 2023
  • Tax Amount: $9,225
  • Tax Rate Code Area: 100

    Appraisal Valuation

  • Standard Deviation: 0.1732
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 77
  • Final Value: 729,106
  • High Value: 855,415
  • Low Value: 602,797

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $485,000
  • First Open Lien Mortgage Lender: UPEQUITY SPV2 LLC
  • First Open Lien Mortgage Recording Date: Jul 28, 2021
  • First Open Lien Mortgage Loan Amount: $485,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2051

    Market Valuation

  • Market Total Value: $505,042
  • Market Land Value: $246,928
  • Market Improvement Value: $258,114

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $472,107

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 17, 2021
  • Current Sale Recording Date: Jul 28, 2021
  • Current Sale Transaction ID: 11846868437
  • Current Sale Price: $500,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021R0547740
  • Previous Sale Recording Date: Apr 01, 2020
  • Previous Sale Contract Date: Mar 02, 2020
  • Previous Sale Amount: $457,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: UPEQUITY SPV2 LLC
  • First Mortgage Transaction Date: Jul 28, 2021
  • First Mortgage Loan Amount: $485,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2051

About Western Miami



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Frequently Asked Questions

What neighborhood is 525 Southwest 67th Avenue located in?
The 525 Southwest 67th Avenue is a house located in the neighborhood of Andalucia Condominiums in Western Miami, Miami.
What is the average sales price for listings in 525 Southwest 67th Avenue?
The average sales price for units in 525 Southwest 67th Avenue is $0 currently.

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