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5550 West 2nd Avenue

5550 West 2nd Avenue, Hialeah, FL 33012
Property in Palm Springs
Sold Jun 10, 2021
$460,000
$437,000 by Newrez Llc
Mortgage Due Jul 01, 2051
Sold May 02, 2001
$148,000
$140,983 by Chase Manhattan Mortgage Corp
Mortgage
Local assessors in Hialeah, FL have categorized 5550 West 2nd Avenue as a residential type of property. The home was built in 1953 and is 71 years old. It was most recently renovated and altered in 1993. The property's lot size has been calculated to be 7,700 square feet. The linear feet between the front and back of the lot was measured at 1,100 ft and the front of the lot was measured at 700 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 5550 West 2nd Avenue has a total of 2,542 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. 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. Lots of concrete block were used in the construction of the exterior walls of the home. The property was last sold in Jun 2, 2021 for $460,000. That's $177.33 per sqft. Prior to that sales transaction, the property was also sold in Jan 1, 1970 for $148,000. 5550 West 2nd Avenue was last assessed in 2023. The total value of the property was assessed at $433,246. Specifically, the land the property is located on was valued at $232,377. While improvements on the property were assessed at a total of $200,869. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $8,132. 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. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1993
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: D
  • Construction Type: Concrete block
  • Exterior Walls Type: Concrete block
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,700
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 700
  • Total Building Area: 2,594
  • Gross Building Area: 2,594
  • Building Area: 2,542
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,542
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PALM SPRINGS AMD
  • Land Acres: 0.177
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PALM SPRINGS AMD PB 53-22 LOT 3 BLK 3 LOT SIZE 70.000 X 110 OR 19637-2647 0401 1

Ownership

  • Current Owner : FERNANDEZ YOVANY
  • Previous Owner : GONZALEZ PAULINA
  • Owner Before Previous Owner: EDUARDO J BAEZ M
  • Owner Before Previous Owner 2: EDUARDO MARILYN BAEZ
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: HIALEAH
  • Census Tract: 000602

Zoning

  • Zoning: 0100

Geography

  • Assessors Map Reference: 65
  • District: 04
  • Parcel: 04-2131-001-0700
  • Block: 3
  • Lot: 3
  • Meridian: SEC 31 TWN 52S RNG 41E
  • Municipality: HIALEAH
  • Latitude: 25.8727
  • Longitude: -80.2872

    Address

  • Full Address: 5550 W 2nd Ave
  • Address - House Number: 5550
  • Street Direction: W
  • Address - Street Name: 2nd
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Hialeah
  • Carrier Code: C017
  • 4-Digit Zip Code: 2713
  • Zip Code: 33012

Valuation

    Tax

  • Total Area: 2,032
  • Tax Year: 2023
  • Tax Amount: $8,132
  • Tax Rate Code Area: 400

    Appraisal Valuation

  • Standard Deviation: 0.1715
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 78
  • Final Value: 640,026
  • High Value: 749,814
  • Low Value: 530,239

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $437,000
  • First Open Lien Mortgage Lender: NEWREZ LLC
  • First Open Lien Mortgage Recording Date: Jun 10, 2021
  • First Open Lien Mortgage Loan Amount: $437,000
  • 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: $433,246
  • Market Land Value: $232,377
  • Market Improvement Value: $200,869

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $433,246
  • Assessed Land Value: $232,377
  • Assessed Improvements Value: $200,869

    Sales

  • Current Sale Contract Date: Jun 02, 2021
  • Current Sale Recording Date: Jun 10, 2021
  • Current Sale Transaction ID: 11841116450
  • Current Sale Price: $460,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021R0414192
  • Previous Sale Recording Date: May 02, 2001
  • Previous Sale Amount: $148,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: NEWREZ LLC
  • First Mortgage Transaction Date: Jun 10, 2021
  • First Mortgage Loan Amount: $437,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: CHASE MANHATTAN MORTGAGE CORP
  • Previous Mortgage Transaction Date: May 02, 2001
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $140,983
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA

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Frequently Asked Questions

What neighborhood is 5550 West 2nd Avenue located in?
The 5550 West 2nd Avenue is a located in the neighborhood of Palm Springs in Hialeah, Hialeah.
What is the average sales price for listings in 5550 West 2nd Avenue?
The average sales price for units in 5550 West 2nd Avenue is $0 currently.

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