640 Northeast 55th Street

Local assessors in Miami, FL have categorized 640 Northeast 55th Street as a residential type of property. The home was built in 1940 and is 84 years old. It was most recently renovated and altered in 1990. The property's lot size has been calculated to be 9,675 square feet. The linear feet between the front and back of the lot was measured at 1,290 ft and the front of the lot was measured at 750 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 640 Northeast 55th Street has a total of 1,782 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 back of the home. In addition, there is a both a pool and a spa on the property. Perfect for those who want to host pool parties over the summer. Lots of concrete block were used in the construction of the exterior walls of the home. 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, 640 Northeast 55th Street was last sold in Mar 1, 2021 for $1,525,000. According to our calculations, that's $652.83 per sqft. Prior to that sales transaction, the property was sold for $1,175,000 in Apr 7, 2020. Current property owners are expected to pay $33,513 in taxes per year. The property on 640 Northeast 55th Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $1,477,133. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.