by RH Advisors

See Home Value
$1,275,000
House - Off Market

745 W 51st St

Miami Beach, FL 33140
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1622 Sqft
$1,281,538
RealtyHop Estimate
0.51%
Since Oct 1, 2023
FL-Miami
Primary Model

About This Property

Calling All Investors! This single family home is the perfect opportunity to flip, rebuild, or renovate and live in. Given the property's desirable location in La Gorce Island, it's no surprise that it's surrounded by multi million dollar homes - and this home will be no exception when the right buyer executes his or her vision. The property is within minutes of La Gorce Country Club, the beach, and an abundance of dining and shopping. The large lot leaves plenty of space to add a pool or to increase the square footage. It's an open floor plan with vaulted ceilings that can easily be transformed into a chic, modern home or a more rustic, traditional vibe. Property appraised for $1.3M As-Is, and ARV (After Rehab Value) appraised for $2.38M. All renovation plans are included in the purchase.
Unit Size
1,622Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$786
Property Type
House
Property Taxes
$588
HOA Dues
-
Year Built
1935
Last updated: 8 months ago (Miami MLS #A11422876)

Price History

Date / Event Date Event Price
Sep 27, 2023 No longer available -
No longer available
Jul 20, 2023 Listed by Compass Florida, LLC. $1,275,000
Listed by Compass Florida, LLC.
Jul 13, 2023 Sold $1,000,000
Sold
Jul 7, 2023 No longer available -
No longer available
Jun 3, 2023 In contract -
In contract
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 1935
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: D
  • Construction Type: Concrete block
  • Exterior Walls Type: Combination
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Carport
  • Garage Square Area: 240
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,711
  • Lot Size Depth Feet: 1,210
  • Lot Size Frontage Feet: 472
  • Total Building Area: 1,852
  • Gross Building Area: 1,852
  • Building Area: 1,622
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,622
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LAKE VIEW SUB 14-15-22-23 53 42
  • Land Acres: 0.131
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LAKE VIEW SUB 14-15-22-23 53 42 PB 14-42 LOT 13 BLK 21 LOT SIZE 47.200 X 121 PROBATE YOLANDA 05-0531 CP 02 COC 24175-1994 12 2005 4

Ownership

  • Current Owner : ROSSEN BROTHERS LLC
  • Previous Owner : OLLOQUI YOLANDA PATRICIA
  • Previous Owner 2: RUIZ ALEJANDRA
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Apr 04, 2024

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: MIAMI BEACH
  • Census Tract: 003906

Zoning

  • Zoning: 0100

Geography

  • Assessors Map Reference: 176
  • District: 02
  • Parcel: 02-3222-022-0180
  • Block: 21
  • Lot: 13
  • Meridian: SEC 22 TWN 53S RNG 42E
  • Municipality: MIAMI BEACH
  • Latitude: 25.8275
  • Longitude: -80.1301

    Address

  • Full Address: 745 W 51st St
  • Address - House Number: 745
  • Street Direction: W
  • Address - Street Name: 51st
  • Address - Suffix Type: St
  • State: FL
  • City Name: Miami Beach
  • Carrier Code: C015
  • 4-Digit Zip Code: 2614
  • Zip Code: 33140

Valuation

    Tax

  • Total Area: 1,662
  • Tax Year: 2023
  • Tax Amount: $24,563
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: 200

    Appraisal Valuation

  • Standard Deviation: 0.0939
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 91
  • Final Value: 1,222,936
  • High Value: 1,337,812
  • Low Value: 1,108,059

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,300,000
  • First Open Lien Mortgage Lender: COMMERCIAL LENDER LLC
  • First Open Lien Mortgage Recording Date: Jul 13, 2023
  • First Open Lien Mortgage Loan Amount: $1,300,000
  • First Open Lien Mortgage Term: 17
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2025

    Market Valuation

  • Market Total Value: $1,299,868
  • Market Land Value: $1,142,032
  • Market Improvement Value: $157,836

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,299,868
  • Assessed Land Value: $1,142,032
  • Assessed Improvements Value: $157,836

    Sales

  • Current Sale Contract Date: Jun 29, 2023
  • Current Sale Recording Date: Jul 13, 2023
  • Current Sale Transaction ID: 11909868799
  • Current Sale Price: $1,000,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 482040

    Last Sale Mortgage

  • First Mortgage Lender: COMMERCIAL LENDER LLC
  • First Mortgage Transaction Date: Jul 13, 2023
  • First Mortgage Loan Amount: $1,300,000
  • First Mortgage Terms: 17
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2025



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Condo
3 Beds
3 Baths
1,520 ft²
$789/ft²
$1,199,000 May 28, 2021
-
$2,348/mo
Condo
3 Beds
3 Baths
1,850 ft²
$676/ft²
$1,250,000 May 5, 2023
-
$1,592/mo
Condo
3 Beds
3 Baths
1,850 ft²
$676/ft²
$1,250,000 May 27, 2023
-
$2,621/mo
Condo
3 Beds
2.5 Baths
2,091 ft²
$574/ft²
$1,200,000 Jan 27, 2023
-
$2,179/mo
Condo
2 Beds
2 Baths
1,360 ft²
$956/ft²
$1,300,000 Jul 31, 2023
-
$976/mo
Condo
2 Beds
2 Baths
1,380 ft²
$938/ft²
$1,295,000 Jul 4, 2023
-
$2,399/mo
Condo
2 Beds
2 Baths
1,490 ft²
$869/ft²
$1,295,000 Jun 30, 2023
-
$1,146/mo
Condo
2 Beds
2 Baths
1,935 ft²
$618/ft²
$1,195,000 Aug 2, 2023
-
$1,930/mo
Condo
2 Beds
2.5 Baths
1,430 ft²
$804/ft²
$1,150,000 May 14, 2023
-
$2,200/mo
Condo
2 Beds
2 Baths
1,360 ft²
$882/ft²
$1,200,000 Oct 12, 2022
-
$920/mo
Condo
3 Beds
3 Baths
2,827 ft²
$530/ft²
$1,499,000 Jun 29, 2023
-
$4,220/mo
Condo
2 Beds
2 Baths
1,030 ft²
$1,019/ft²
$1,050,000 Feb 15, 2023
-
$1,904/mo

About La Gorce


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Frequently Asked Questions

When was property at 745 West 51st Street built and last sold?
The property at 745 West 51st Street was built in 1935 and last sold on Jun 29, 2023 for $1,000,000.
How much is this home worth?
The estimated value of the home located at 745 West 51st Street is $1,308,200.
What are some comparable homes to 745 West 51st Street?
There are currently no comparable homes to 745 West 51st Street.

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