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541 Southwest 57th Avenue

541 Southwest 57th Avenue, Miami, FL 33144
Multifamily in Tamiami Highlands
Sold Nov 20, 2019
$453,750
Sold Jan 20, 2016
$250,000
$187,500 by Angel Oak Mortgage Solutions L
Mortgage Due Feb 01, 2046
541 Southwest 57th Avenue in Miami, FL was first built in 1955 and is 69 years old. Although, the building on the property was most recently renovated and altered in 1960. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a multifamily style. It is a single story home. There are a total of 0 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 4 full bathrooms. There are 4 partial bathrooms. 541 Southwest 57th Avenue has 1,861 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. The linear feet across the front of the lot is 540 ft and the linear feet between the front and back of the lot is 950. In total, the area measurement of the land is 5,130 square feet.

Learn more about the property and building on this page. The home has a gable or hip style roof made of tile. 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 stucco. Walk inside and you'll find flooring throughout the home. 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, 541 Southwest 57th Avenue sold most recently in Nov 4, 2019 for a total of $453,750. If you work out the math, that's approximately a cost of $243.82 per sqft. Before that, the property was also sold for $250,000 in Jan 12, 2016. 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 $11,153 in taxes each year. 541 Southwest 57th Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $425,856. 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. 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.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

Exterior

Block Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1960
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Construction Type: Concrete block
  • Building Style: Multifamily
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Tile
  • Floor Count: 1
  • Living Units: 4
  • Floor Cover: Covered
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,130
  • Lot Size Depth Feet: 950
  • Lot Size Frontage Feet: 540
  • Total Building Area: 1,861
  • Gross Building Area: 1,861
  • Building Area: 1,861
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,861
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TAMIAMI HIGHLANDS
  • Land Acres: 0.118
  • Standard Land Use Code: Multi-family dwellings (generic, 2+)
  • Legal Description 1: TAMIAMI HIGHLANDS PB 10-33 LOTS 17 & 18 LESS W5FT THEREOF FOR R/W BLK 3 LOT SIZE 54.00 X 95

Ownership

  • Current Owner : 541 HOLDINGS LLC
  • Previous Owner : AMERICA S CORNER LLC
  • Owner Before Previous Owner: FARIA SANCHES FELIPA
  • Owner Before Previous Owner 2: PAEZ JOSE
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: MIAMI
  • Census Tract: 005806

Zoning

  • Zoning: 4801

Geography

  • Assessors Map Reference: 242
  • District: 01
  • Parcel: 01-4106-011-0510
  • Block: 3
  • Lot: 17,18
  • Meridian: SEC 06 TWN 54S RNG 41E
  • Municipality: MIAMI
  • Latitude: 25.7659
  • Longitude: -80.2877

    Address

  • Full Address: 541 Sw 57th Ave
  • Address - House Number: 541
  • Street Direction: SW
  • Address - Street Name: 57th
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Miami
  • Carrier Code: C030
  • 4-Digit Zip Code: 3952
  • Zip Code: 33144

Valuation

    Tax

  • Total Area: 1,843
  • Tax Year: 2023
  • Tax Amount: $11,153
  • Tax Rate Code Area: 100

    Appraisal Valuation

  • Standard Deviation: 0.4368
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 12
  • Final Value: 619,553
  • High Value: 890,188
  • Low Value: 348,917

    Market Valuation

  • Market Total Value: $557,121
  • Market Land Value: $333,450
  • Market Improvement Value: $223,671

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $425,856

    Sales

  • Current Sale Contract Date: Nov 04, 2019
  • Current Sale Recording Date: Nov 20, 2019
  • Current Sale Transaction ID: 11707878854
  • Current Sale Price: $453,750
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2019R0727477
  • Previous Sale Recording Date: Jan 20, 2016
  • Previous Sale Contract Date: Jan 12, 2016
  • Previous Sale Amount: $250,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: ANGEL OAK MORTGAGE SOLUTIONS L
  • Previous Mortgage Transaction Date: Jan 20, 2016
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $187,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Feb 01, 2046

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Frequently Asked Questions

What neighborhood is 541 Southwest 57th Avenue located in?
The 541 Southwest 57th Avenue is a multifamily located in the neighborhood of Tamiami Highlands in Western Miami, Miami.
What is the average sales price for listings in 541 Southwest 57th Avenue?
The average sales price for units in 541 Southwest 57th Avenue is $0 currently.

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