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850 Northeast 124th Street

850 Northeast 124th Street, Miami, FL 33161
Multifamily in Eight Avenue Manors
Sold Nov 07, 2019
$400,000
Sold Jun 02, 2005
$255,000
$204,000 by Lehman Brothers Bank Fsb
Mortgage Due Mar 01, 2035
850 Northeast 124th Street in Miami, FL was first built in 1948 and is 76 years old. Although, the building on the property was most recently renovated and altered in 1987. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a duplex style. There are a total of 2 floors. There are a total of 0 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 850 Northeast 124th Street has 2,094 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. The linear feet across the front of the lot is 750 ft and the linear feet between the front and back of the lot is 1,410. In total, the area measurement of the land is 10,575 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. 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 a combination of material. 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, 850 Northeast 124th Street sold most recently in Oct 21, 2019 for a total of $400,000. If you work out the math, that's approximately a cost of $181.98 per sqft. Before that, the property was also sold for $255,000 in Feb 24, 2005. 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 $9,302 in taxes each year. 850 Northeast 124th Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $383,413. 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. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Block Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1987
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Construction Type: Concrete block
  • Building Style: Duplex
  • Exterior Walls Type: Combination
  • Floor Count: 2
  • Living Units: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 10,575
  • Lot Size Depth Feet: 1,410
  • Lot Size Frontage Feet: 750
  • Total Building Area: 2,198
  • Gross Building Area: 2,198
  • Building Area: 2,094
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,094
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: EIGHTH AVE MANORS PLAT
  • Land Acres: 0.243
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: EIGHTH AVE MANORS PLAT PB 42-51 LOT 3 BLK 2 LOT SIZE 75.000 X 141 OR 9646 756 COC 23435-3532 02 2005 1

Ownership

  • Current Owner : VELMON INVESTMENTS LLC
  • Previous Owner : GHEBRESILASIE EDEN
  • Owner Before Previous Owner: QURESHI JAVED
  • Owner Before Previous Owner 2: QURESHI NARGIS S
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: NORTH MIAMI
  • Census Tract: 000219

Zoning

  • Zoning: 3700

Geography

  • Assessors Map Reference: 95
  • District: 06
  • Parcel: 06-2230-040-0070
  • Block: 2
  • Lot: 3
  • Meridian: SEC 30 TWN 52S RNG 42E
  • Municipality: NORTH MIAMI
  • Latitude: 25.8894
  • Longitude: -80.181

    Address

  • Full Address: 850 Ne 124th St
  • Address - House Number: 850
  • Street Direction: NE
  • Address - Street Name: 124th
  • Address - Suffix Type: St
  • State: FL
  • City Name: North Miami
  • Carrier Code: C003
  • 4-Digit Zip Code: 5709
  • Zip Code: 33161

Valuation

    Tax

  • Total Area: 1,970
  • Tax Year: 2023
  • Tax Amount: $9,302
  • Tax Rate Code Area: 600

    Appraisal Valuation

  • Standard Deviation: 0.1848
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 75
  • Final Value: 700,389
  • High Value: 829,874
  • Low Value: 570,905

    Market Valuation

  • Market Total Value: $497,717
  • Market Land Value: $370,125
  • Market Improvement Value: $127,592

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $383,413

    Sales

  • Current Sale Contract Date: Oct 21, 2019
  • Current Sale Recording Date: Nov 07, 2019
  • Current Sale Transaction ID: 11704903104
  • Current Sale Price: $400,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2019R0703381
  • Previous Sale Recording Date: Jun 02, 2005
  • Previous Sale Contract Date: Feb 24, 2005
  • Previous Sale Amount: $255,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: LEHMAN BROTHERS BANK FSB
  • Previous Mortgage Transaction Date: Jun 02, 2005
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $204,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Mar 01, 2035

About North Miami



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 850 Northeast 124th Street located in?
The 850 Northeast 124th Street is a multifamily located in the neighborhood of Eight Avenue Manors in North Miami, Miami.
What is the average sales price for listings in 850 Northeast 124th Street?
The average sales price for units in 850 Northeast 124th Street is $0 currently.

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