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575 Southwest 56th Avenue

575 Southwest 56th Avenue, Miami, FL 33134
Sold Oct 07, 2020
$385,000
$356,250 by Regions Bank
Mortgage Due Oct 01, 2050
Sold Jan 30, 2020
$239,000
$150,000 by Equitymax Inc
Mortgage
Local assessors in Miami, FL have categorized 575 Southwest 56th Avenue as a residential type of property. The home was built in 1961 and is 63 years old. It was most recently renovated and altered in 2015. The property's lot size has been calculated to be 5,000 square feet. The linear feet between the front and back of the lot was measured at 1,000 ft and the front of the lot was measured at 500 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, 2 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 575 Southwest 56th Avenue has a total of 1,276 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. Do you like to entertain? The home has a unknown so you'll have a great option in the front of the home. 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. Lots of a combination of material were used in the construction of the exterior walls of 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, 575 Southwest 56th Avenue sold most recently in Sep 15, 2020 for a total of $385,000. If you work out the math, that's approximately a cost of $189.56 per sqft. Before that, the property was also sold for $239,000 in Jan 24, 2020. 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 $5,781 in taxes each year. 575 Southwest 56th Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $304,581. 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 you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 2015
  • Building Count: 2
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Construction Type: Concrete block
  • Exterior Walls Type: Combination
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,031
  • Gross Building Area: 2,031
  • Building Area: 1,276
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,276
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TAMIAMI HIGHLANDS
  • Land Acres: 0.115
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TAMIAMI HIGHLANDS PB 10-33 LOT 7 BLK 5 LOT SIZE 50.000 X 100 OR 17271-3984 0696 4 COC 23992-2547 11 2005 1

Ownership

  • Current Owner : MORA EDUARDO
  • Current Owner 2: WONG SANDRA CORDERO
  • Previous Owner : MEDEROS INVESTMENTS LLC
  • Owner Before Previous Owner: JOHNSON BARBARITO
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint tenants with right of survivorship

Neighborhood

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

Zoning

  • Zoning: 0100

Geography

  • Assessors Map Reference: 242
  • District: 01
  • Parcel: 01-4106-011-0790
  • Block: 5
  • Lot: 7
  • Meridian: SEC 06 TWN 54S RNG 41E
  • Municipality: MIAMI
  • Latitude: 25.7654
  • Longitude: -80.2856

    Address

  • Full Address: 575 Sw 56th Ave
  • Address - House Number: 575
  • Street Direction: SW
  • Address - Street Name: 56th
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Coral Gables
  • Carrier Code: C022
  • 4-Digit Zip Code: 1070
  • Zip Code: 33134

Valuation

    Tax

  • Total Area: 1,595
  • Tax Year: 2023
  • Tax Amount: $5,781
  • Tax Rate Code Area: 100

    Appraisal Valuation

  • Standard Deviation: 0.173
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 77
  • Final Value: 639,141
  • High Value: 749,750
  • Low Value: 528,533

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $356,250
  • First Open Lien Mortgage Lender: REGIONS BANK
  • First Open Lien Mortgage Recording Date: Oct 07, 2020
  • First Open Lien Mortgage Loan Amount: $356,250
  • 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: Oct 01, 2050

    Market Valuation

  • Market Total Value: $410,355
  • Market Land Value: $224,928
  • Market Improvement Value: $185,427

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $304,581

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 15, 2020
  • Current Sale Recording Date: Oct 07, 2020
  • Current Sale Transaction ID: 11791951026
  • Current Sale Price: $385,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020R0573246
  • Previous Sale Recording Date: Jan 30, 2020
  • Previous Sale Contract Date: Jan 24, 2020
  • Previous Sale Amount: $239,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: REGIONS BANK
  • First Mortgage Transaction Date: Oct 07, 2020
  • First Mortgage Loan Amount: $356,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: EQUITYMAX INC
  • Previous Mortgage Transaction Date: Jan 30, 2020
  • Previous Mortgage Loan Amount: $150,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Building or Construction Loan

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Frequently Asked Questions

What neighborhood is 575 Southwest 56th Avenue located in?
The 575 Southwest 56th Avenue is a located in the neighborhood of Tamiami Highlands in Western Miami, Miami.
What is the average sales price for listings in 575 Southwest 56th Avenue?
The average sales price for units in 575 Southwest 56th Avenue is $0 currently.

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