7200 Southwest 117th Avenue

7200 Southwest 117th 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 1984 and is 40 years old. There are 12 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 7200 Southwest 117th Avenue has 175,184 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 540,449 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. Residents will have the luxury of enjoying a unknown. 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. From what we've gathered, the quality of these control joints have been graded with a letter grade of D by the local assessor. The building has a sawtooth style roof made of slate. The exterior walls of the building are made of stucco. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with air conditioning at the moment. The property was last sold in Jan 1, 1970 for $16,400,000. That's $93.62 per sqft. Prior to that sales transaction, the property was also sold in Jan 1, 1970 for $15,350,000. 7200 Southwest 117th Avenue was last assessed in 2023. The total value of the property was assessed at $30,092,000. Specifically, the land the property is located on was valued at $14,366,300. While improvements on the property were assessed at a total of $15,725,700. 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 $513,192. 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.