545 Michigan Avenue

545 Michigan Avenue in Miami Beach, FL was first built in 1939 and is 85 years old. Although, the building on the property was most recently renovated and altered in 1945. 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. There are a total of 2 floors. There are a total of 0 rooms in the home, of which, 12 are bedrooms. In terms of bathrooms, there are a total of 12 full bathrooms. There are 12 partial bathrooms. 545 Michigan Avenue has 5,466 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 500 ft and the linear feet between the front and back of the lot is 1,400. In total, the area measurement of the land is 7,000 square feet.

Learn more about the property and building on this page. 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. 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, 545 Michigan Avenue was last sold in Jun 24, 2013 for $1,050,000. According to our calculations, that's $192.10 per sqft. Prior to that sales transaction, the property was sold for $636,000 in Oct 27, 2003. Current property owners are expected to pay $27,612 in taxes per year. The property on 545 Michigan Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $1,231,400. To break that down further, the land itself was valued at $1,030,400. While improvements to the property were assessed at a total of $201,000. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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.