by RH Advisors

See Home Value
$799,999
House - Off Market

5501 NW 2nd Ave

Miami, FL 33127
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1680 Sqft
$4,023
Estimated Monthly
$0
HOA / Fees
7.21%
Cap Rate

About This Property

Amazing Opportunity to own a 3 bed/2 bath single family home near Wynwood, Design District, and beaches. Revel in a spacious layout. Your backyard is a blank canvas, ready for your touch. Plus, with T5-L zoning, unlock the potential for multifamily use, short-term rentals, or other commercial ventures. An ideal blend of residential charm and business opportunity, all just minutes from downtown buzz and airport convenience. A rare find in Miami-Dade! Contact for details.
Unit Size
1,680Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$476
Property Type
House
Property Taxes
$94
HOA Dues
-
Year Built
1924
Last updated: 2 months ago (Miami MLS #A11480254)

Price History

Date / Event Date Event Price
Mar 5, 2024 No longer available -
No longer available
Nov 2, 2023 Listed by Coldwell Banker Home Lovers Realty $799,999
Listed by Coldwell Banker Home Lovers Realty
Oct 20, 2023 No longer available -
No longer available
Sep 27, 2023 No longer available -
No longer available
Sep 15, 2023 Listed by RE/MAX - City Centre Realty $800,000
Listed by RE/MAX - City Centre Realty
Bring all offers! A Single Family Home with NO HOA located close to Buena Vista Park. This property is zoned T5-L which allows for many commercial uses including multifamily, light medical, short-term rentals, Airbnb & others. Contact the listing agent for a list of possible commercial uses. This property is close to the Miami Design District, Wynwood, Downtown Miami, Miami Beach, & the Miami International Airport.
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Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1924
  • Effective Year Built: 2006
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Quality: D
  • Construction Type: Frame
  • Exterior Walls Type: Combination
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,300
  • Lot Size Depth Feet: 860
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,680
  • Gross Building Area: 1,680
  • Building Area: 1,680
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,680
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RAILWAY SHOPS ADDN 1ST ADDN
  • Land Acres: 0.099
  • Standard Land Use Code: Single family residential
  • Legal Description 1: RAILWAY SHOPS ADDN 1ST ADDN PB 3-200 LOT 7 LESS W13FT FOR R/W BLK 1 LOT SIZE 50.00 X 86 OR 20880-0690 1202 4

Ownership

  • Current Owner : MORALES FLORENCIO
  • Previous Owner : MORALES FLORENCIO
  • Previous Owner 2: MORALES ELENA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: MIAMI
  • Census Tract: 002003

Zoning

  • Zoning: 6107

Geography

  • Assessors Map Reference: 140
  • District: 01
  • Parcel: 01-3113-059-0060
  • Block: 1
  • Lot: 7
  • Meridian: SEC 13 TWN 53S RNG 41E
  • Municipality: MIAMI
  • Latitude: 25.8262
  • Longitude: -80.1999

    Address

  • Full Address: 5501 Nw 2nd Ave
  • Address - House Number: 5501
  • Street Direction: NW
  • Address - Street Name: 2nd
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Miami
  • Carrier Code: C014
  • 4-Digit Zip Code: 1711
  • Zip Code: 33127

Valuation

    Tax

  • Total Area: 1,440
  • Tax Year: 2023
  • Tax Amount: $1,183
  • Tax Rate Code Area: 100

    Appraisal Valuation

  • Standard Deviation: 0.0939
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 91
  • Final Value: 759,087
  • High Value: 830,392
  • Low Value: 687,782

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $150,000
  • First Open Lien Mortgage Lender: HOME LOAN CORP
  • First Open Lien Mortgage Recording Date: Mar 07, 2007
  • First Open Lien Mortgage Loan Amount: $150,000
  • First Open Lien Mortgage Term: 240
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Unknown (DEFAULT)
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2027

    Market Valuation

  • Market Total Value: $337,153
  • Market Land Value: $215,000
  • Market Improvement Value: $122,153

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $80,894

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 05, 2002
  • Current Sale Recording Date: Dec 17, 2002
  • Current Sale Transaction ID: 1058617442
  • Current Sale Price: $53,000
  • Current Sale Document Type: Intrafamily Transfer & Dissolution
  • Current Sale Input Document Number: 02R785370

    Last Sale Mortgage

  • First Mortgage Lender: NEW CENTURY MORTGAGE CORP
  • First Mortgage Transaction Date: Dec 17, 2002
  • First Mortgage Loan Amount: $37,100
  • First Mortgage Terms: 360
  • First Mortgage Loan Due Date: Jan 01, 2033



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
2 Baths
1,645 ft²
$456/ft²
$750,000 Sep 7, 2023
$750,000 Oct 31, 2023
$101/mo
House
3 Beds
2 Baths
1,380 ft²
$507/ft²
$699,999 Aug 10, 2023
-
$1,062/mo
House
4 Beds
2 Baths
1,717 ft²
$437/ft²
$750,000 Aug 16, 2023
-
$469/mo
House
4 Beds
2 Baths
1,521 ft²
$424/ft²
$645,000 Oct 16, 2023
-
$639/mo
House
2 Beds
1 Bath
1,525 ft²
$524/ft²
$799,826 Jan 13, 2023
-
$677/mo
House
4 Beds
4 Baths
2,180 ft²
$344/ft²
$750,000 Aug 17, 2023
-
$445/mo
House
5 Beds
3 Baths
1,672 ft²
$478/ft²
$799,000 Nov 27, 2022
-
$328/mo
House
2 Beds
2 Baths
1,172 ft²
$596/ft²
$699,000 Sep 5, 2023
-
$553/mo
House
2 Beds
1 Bath
916 ft²
$852/ft²
$780,000 Oct 26, 2023
-
$735/mo
House
2 Beds
1 Bath
1,036 ft²
$676/ft²
$699,900 Aug 28, 2023
-
$634/mo
House
4 Beds
2 Baths
1,122 ft²
$623/ft²
$699,000 Oct 9, 2023
-
$57/mo
Multifamily
Stu
-
1,445 ft²
$553/ft²
$799,000 Oct 31, 2023
-
$754/mo

About Northern Miami


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Frequently Asked Questions

When was property at 5501 Northwest 2nd Avenue built and last sold?
The property at 5501 Northwest 2nd Avenue was built in 1924 and last sold on Dec 5, 2002 for $53,000.
How much is this home worth?
The estimated value of the home located at 5501 Northwest 2nd Avenue is $835,358.
What are some comparable homes to 5501 Northwest 2nd Avenue?
Homes that are comparable to 5501 Northwest 2nd Avenue include a house property at 241 Northwest 50th Street, 286 Northwest 57th Street, 321 Northwest 51st Street.

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