625 Southwest 1st Avenue

625 Southwest 1st Avenue has been categorized by the local assessors in Miami, FL as a commercial type of property. The building on the property was first built in 1953 and is 71 years old. However, we must point out that the home was most recently renovated and altered in 2003. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 625 Southwest 1st Avenue has 6,190 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 7,099 square feet.

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 slate. The exterior walls of the building are made of concrete block. The inside of the home is being cooled with air conditioning at the moment. 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, 625 Southwest 1st Avenue was last sold in Sep 16, 2022 for $7,000,000. According to our calculations, that's $1,130.86 per sqft. Current property owners are expected to pay $83,162 in taxes per year. The property on 625 Southwest 1st Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $3,417,520. To break that down further, the land itself was valued at $3,407,520. While improvements to the property were assessed at a total of $10,000. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!