7501 Southwest 8th Street

7501 Southwest 8th Street in Miami, FL was first built in 1937 and is 87 years old. Although, the building on the property was most recently renovated and altered in 2019. This has been categorized as a commercial property type. It is a single story home. 7501 Southwest 8th Street has 2,170 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 5,712 square feet.

Learn more about the property and building on this page. There is a unknown. The home has a bowstring truss style roof made of slate. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with concrete block control joints. The exterior walls of the home are made of concrete block. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. 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, 7501 Southwest 8th Street sold most recently in Jul 5, 2023 for a total of $900,000. If you work out the math, that's approximately a cost of $414.75 per sqft. Before that, the property was also sold for $300,000 in Jul 28, 2017. 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 $10,544 in taxes each year. The initial year of tax delinquency occurred in 2020. 7501 Southwest 8th Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $512,910. 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 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.