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78 Southwest 7th Street

78 Southwest 7th Street, Miami, FL 33130
Property in Brickell
78 Southwest 7th Street has been categorized by the local assessors in Miami, FL as a office type of property. The building on the property was first built in 2016 and is 8 years old. In addition, 78 Southwest 7th Street has 135,937 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 3,162 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 control joints. The exterior walls of the building are made of a combination of material. 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. 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, 78 Southwest 7th Street was last sold in Jul 21, 2020 for $80,267,000. According to our calculations, that's $590.47 per sqft. Prior to that sales transaction, the property was sold for $100,000 in Jan 1, 1970. Current property owners are expected to pay $1,515,809 in taxes per year. The property on 78 Southwest 7th Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $72,100,000. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Building Count: 1
  • Bedroom Count: 0
  • Construction Type: Concrete
  • Exterior Walls Type: Combination
  • Floor Cover: Concrete
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,162
  • Total Building Area: 135,937
  • Gross Building Area: 135,937
  • Building Area: 135,937
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 135,937
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Office
  • Subdivision: CITY OF MIAMI
  • Land Acres: 0.072
  • Standard Land Use Code: Commercial office (general)
  • State Land Use Code: Possessory Interest (misc.)
  • Legal Description 1: CITY OF MIAMI PB B-41 A PORT OF LOTS 2 THRU 4 BLK 53S DESC AS COMM AT SE COR OF BLK 53S TH N00 DEG W 301.17FT S89 DEG W 76.20FT S00 DEG E 12.94FT FOR POB TH S00 DEG E 33.95FT N90 DEG W 3.20FT S00 DEG E 22.48FT S89 DEG W 76.42FT N00 DEG E 29.58FT N90

Ownership

  • Current Owner : US VI 2 BRICKELL LLC
  • Previous Owner : TWO BRICKELL CITY CENTRE LLC
  • Owner Before Previous Owner: KIET INVESTMENT INC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: MIAMI (DDA)
  • Census Tract: 006720

Zoning

  • Zoning: 6408

Geography

  • District: 01
  • Parcel: 01-0205-030-2095
  • Block: 53S
  • Lot: 2-4
  • Meridian: SEC 05 TWN 50S RNG 42E
  • Municipality: MIAMI
  • Latitude: 25.7672
  • Longitude: -80.1938

    Address

  • Full Address: 78 Sw 7th St
  • Address - House Number: 78
  • Street Direction: SW
  • Address - Street Name: 7th
  • Address - Suffix Type: St
  • State: FL
  • City Name: Miami
  • Carrier Code: C056
  • 4-Digit Zip Code: 3402
  • Zip Code: 33130

Valuation

    Tax

  • Total Area: 134,416
  • Tax Year: 2023
  • Tax Amount: $1,515,809
  • Tax Rate Code Area: 101

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $66,500,000
  • First Open Lien Mortgage Lender: METLIFE REAL ESTATE LENDING LL
  • First Open Lien Mortgage Recording Date: Aug 17, 2020
  • First Open Lien Mortgage Loan Amount: $66,500,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Market Valuation

  • Market Total Value: $72,100,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $72,100,000

    Sales

  • Current Sale Contract Date: Jul 21, 2020
  • Current Sale Recording Date: Jul 24, 2020
  • Current Sale Transaction ID: 11776585513
  • Current Sale Price: $80,267,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 2020R0404594
  • Previous Sale Recording Date: Dec 01, 1999
  • Previous Sale Amount: $100,000
  • Previous Sale Document Type: Warranty Deed

About Downtown Miami



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Frequently Asked Questions

What neighborhood is 78 Southwest 7th Street located in?
The 78 Southwest 7th Street is a located in the neighborhood of Brickell in Downtown Miami, Miami.
What is the average sales price for listings in 78 Southwest 7th Street?
The average sales price for units in 78 Southwest 7th Street is $0 currently.

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