UNDER CONTRACT
$6K PRICE DROP
3128 NW 3rd Ave Miami, FL 33127
Wynwood NeighborhoodEstimated payment $5,540/month
Total Views
2,162
0.11
Acre
$7,809,091
Price per Acre
4,760
Sq Ft Lot
About This Lot
Don't miss the lowest-priced covered land play in coveted Wynwood Norte, this prime investment T-4R property with NRD-2 Zoning Overlay presents an exceptional chance to build up to 3 stories and 16 units as of right, without parking requirements. Also works as a luxury townhomes site. Strategically located near Wynwood, Midtown, Design District and flanked by the I-95 and I-195, it currently consists of two units—a front 4/2, and a rear 1/1 plus detached room. New central AC system. Rented for $5200, yielding a 5.1% cap rate while you develop plans. The layouts are for illustration purposes, no plans submitted.
Property Details
Property Type
- Land
Est. Annual Taxes
- $8,942
Year Built
- 1926
Lot Details
- 4,760 Sq Ft Lot
- Lot Dimensions are 48x100
- Partially Wooded Lot
- Property is zoned 3900
Location
- City Lot
Utilities
- Natural Gas Connected
- Phone Available
- Cable TV Available
Community Details
- No Home Owners Association
- Northern Blvd Track Condos
- Northern Blvd Track Subdivision
Listing and Financial Details
- Assessor Parcel Number 01-31-25-024-0810
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $8,942 | $715,642 | $595,000 | $120,642 |
| 2023 | $8,942 | $271,785 | $0 | $0 |
| 2022 | $5,652 | $226,615 | $0 | $0 |
| 2021 | $4,757 | $206,014 | $133,406 | $72,608 |
| 2020 | $1,276 | $83,693 | $0 | $0 |
| 2019 | $1,238 | $81,812 | $0 | $0 |
| 2018 | $1,183 | $80,287 | $0 | $0 |
| 2017 | $1,161 | $78,636 | $0 | $0 |
| 2016 | $1,153 | $77,019 | $0 | $0 |
| 2015 | $1,159 | $76,484 | $0 | $0 |
| 2014 | $1,166 | $75,877 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/02/2024 12/02/24 | Price Changed | $859,000 | -4.4% | -- |
| 06/27/2024 06/27/24 | Price Changed | $899,000 | +12.5% | -- |
| 06/14/2024 06/14/24 | Price Changed | $799,000 | -4.3% | -- |
| 06/12/2024 06/12/24 | Price Changed | $835,000 | -1.6% | -- |
| 06/10/2024 06/10/24 | Price Changed | $849,000 | -1.8% | -- |
| 06/04/2024 06/04/24 | For Sale | $865,000 | -- | -- |
Source: MIAMI REALTORS® MLS
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $840,000 | None Listed On Document | |
| Warranty Deed | $685,000 | None Listed On Document | |
| Warranty Deed | $99,000 | Aaa Premier Title | |
| Warranty Deed | $70,000 | Aaa Premier Title | |
| Warranty Deed | $197,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $630,000 | Construction | |
| Previous Owner | $578,360 | Construction | |
| Previous Owner | $197,000 | Fannie Mae Freddie Mac |
Source: Public Records
Similar Properties in the area
Source: MIAMI REALTORS® MLS
MLS Number: A11600817
APN: 01-3125-024-0810
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