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550 Northeast 63rd Street

550 Northeast 63rd Street, Miami, FL 33138
Property in North Gate
1 Units For Sale
Unit for sale at 550 NE 63rd St, Miami, FL 33138

$5,750,000

  • Commercial
550 NE 63rd St, Miami, FL 33138 Listing by Steven Koleno

550 Northeast 63rd Street has been categorized by the local assessors in Miami, FL as a residential type of property. The building on the property was first built in 1945 and is 79 years old. The home has a total of 4 bedrooms. Residents will have access to 4 full bathrooms. There are 4 partial bathrooms in the home. The building has a total of 2 stories. In addition, 550 Northeast 63rd Street has 3,220 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 6,000 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a multifamily style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with concrete block control joints. The roof of the building is made of tile. The exterior walls of the building are made of concrete block. The property was last sold in Jan 31, 2018 for $1,164,000. That's $361.49 per sqft. Prior to that sales transaction, the property was also sold in Sep 3, 2003 for $310,000. 550 Northeast 63rd Street was last assessed in 2023. The total value of the property was assessed at $516,187. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $12,558. 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.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1945
  • 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: Concrete block
  • Roof Cover Type: Tile
  • Floor Count: 2
  • Living Units: 4
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,000
  • Total Building Area: 3,220
  • Gross Building Area: 3,220
  • Building Area: 3,220
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,220
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: NORTH GATE
  • Land Acres: 0.138
  • Standard Land Use Code: Multi-family dwellings (generic, 2+)
  • Legal Description 1: NORTH GATE PB 8-88 LOT 7 BLK 10 LOT SIZE 6000 SQUARE FEET OR 20520-1009 06 2002 1 COC 21620-4601 09 2003 1

Ownership

  • Current Owner : 63 STREET APARTMENTS LLC
  • Previous Owner : COURTNEY THOMAS H
  • Previous Owner 2: COURTNEY MEGAN N
  • Owner Before Previous Owner: KENDLE RICHARD
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: MIAMI
  • Census Tract: 001302

Zoning

  • Zoning: 0104

Geography

  • Assessors Map Reference: 174
  • District: 01
  • Parcel: 01-3218-024-0860
  • Block: 10
  • Lot: 7
  • Meridian: SEC 18 TWN 53S RNG 42E
  • Municipality: MIAMI
  • Latitude: 25.8339
  • Longitude: -80.1852

    Address

  • Full Address: 550 Ne 63rd St
  • Address - House Number: 550
  • Street Direction: NE
  • Address - Street Name: 63rd
  • Address - Suffix Type: St
  • State: FL
  • City Name: Miami
  • Carrier Code: C022
  • 4-Digit Zip Code: 6183
  • Zip Code: 33138

Valuation

    Tax

  • Total Area: 2,898
  • Tax Year: 2023
  • Tax Amount: $12,558
  • Tax Rate Code Area: 100

    Appraisal Valuation

  • Standard Deviation: 0.4382
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 12
  • Final Value: 973,247
  • High Value: 1,399,786
  • Low Value: 546,707

    Market Valuation

  • Market Total Value: $806,868
  • Market Land Value: $495,000
  • Market Improvement Value: $311,868

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $516,187

    Sales

  • Current Sale Contract Date: Jan 31, 2018
  • Current Sale Recording Date: Feb 06, 2018
  • Current Sale Transaction ID: 11400651330
  • Current Sale Price: $1,164,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2018R0073004
  • Previous Sale Recording Date: Sep 08, 2003
  • Previous Sale Contract Date: Sep 03, 2003
  • Previous Sale Amount: $310,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: COUNTRYWIDE HOME LOANS INC
  • Previous Mortgage Transaction Date: Sep 08, 2003
  • Previous Mortgage Loan Amount: $279,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Oct 01, 2033

About Northern Miami



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Frequently Asked Questions

What neighborhood is 550 Northeast 63rd Street located in?
The 550 Northeast 63rd Street is a located in the neighborhood of North Gate in Northern Miami, Miami.
How many listings are currently for sale in 550 Northeast 63rd Street?
There is one unit for sale right now.
What is the average sales price for listings in 550 Northeast 63rd Street?
The average sales price for units in 550 Northeast 63rd Street is $5,750,000 currently.

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