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$1,675,000   Price Analysis
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531 NE 55th Ter
Miami, FL 33137
3 bed 2 bath 1,896 SqFt ($883/SqFt)
6,540SqFt lot. Built 1938
Listed 2024-05-22, Taxes $16,750
Ⓧ USDA Ineligible
due to price & location

near Miami

Welcome to an exceptional investment opportunity on the most desirable street in Morningside.Investor Special!

Prime Opportunity in Miami's Prestigious Morningside Gated Community. T ear down and build a new or completely renovate (complete gut). Strong comps and high return potential make this a golden chance to invest in a premier Miami location. Renovation plans available upon request.

Property Highlights: Impact Sliding Glass Doors and Windows:Included with the property. Comprehensive Brand new Plans:Includes MEP, architectural and pool plans. Pending Approvals:Expected within the next month or two. Excellent Roof Condition:Only 6-7 years old. Solid Foundation:Ready for interior renovation. Community Features: Gated Security Park with Walking Paths Tnnis Courts


Presented by Elena Evstigneeva at
COMPASS.


Property MLS #A11591451 from MiamiMLS

Bedrooms: 3

Total Bathrooms: 2
Full Bathrooms: 2

BedroomonMainLevel
FirstFloorEntry
Flooring: Wood

Florida Room

Covered Spaces: 1
Garage Spaces: 1
Parking Features: Covered, Driveway

Lot Description: Item14Acre
Lot Size Acres: 0.1501377
Lot Size Square Feet: 6540

Road Surface Type: Paved

Association: No
Calculated Total Monthly Association Fees: 0

Community Features: Gated, MaintainedCommunity, Park, StreetLights, Sidewalks, TennisCourts

Annual Tax Amount: 23628
Source Listing Status: Active
County: Miami-Dade County
Tax Year: 2023
Source Property Type: Residential
Source Neighborhood: BAYSHORE UNIT NO 3
Parcel Number: 01-32-18-037-0710
Postal City: Miami
Postal Code Plus 4: 2618
Subdivision: BAYSHORE UNIT NO 3
Zoning Description: 0100
Property Subtype: SingleFamilyResidence
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$198,535 + $522,976
$721,511
$16,750
2021$150,096 + $408,694
$558,790
$13,748
2020$150,507 + $415,415
$565,922
$13,797
2019$150,917 + $415,415
$566,332
$13,833
2018$unknown + $unknown
$319,686
$7,561
2017$unknown + $unknown
$313,111
$7,508
2016$unknown + $unknown
$306,671
$7,262
2015$unknown + $unknown
$304,540
$7,786
2014$unknown + $unknown
$302,124
$6,896
2013$unknown + $unknown
$297,660
$6,788
2012$unknown + $unknown
$308,894
$7,014
2011$unknown + $unknown
$244,910
$6,901
2010$unknown + $unknown
$121,803
$3,236
2009$unknown + $unknown
$118,601
$3,067
2008$unknown + $unknown
$118,483
$2,937
2007$unknown + $unknown
$115,033
$3,146

Listed 2024-05-22
$1,675,000
MiamiMLS
Listing removed 2024-04-12
$0
MiamiMLS
Price Changed 2024-04-09
$1,675,000
MiamiMLS
Listed 2024-04-04
$1,750,000
MiamiMLS
Sold 2023-06-29
$1,310,000
MiamiMLS
Price Changed 2023-04-14
$1,529,000
MiamiMLS
Price Changed 2023-02-20
$1,549,000
MiamiMLS
Price Changed 2023-01-09
$1,590,000
MiamiMLS
Price Changed 2022-12-05
$1,699,000
MiamiMLS
Price Changed 2022-10-28
$1,800,000
MiamiMLS
Price Changed 2022-09-09
$1,999,990
MiamiMLS
Listed 2022-05-04
$4,200,000
MiamiMLS
Sold 2022-04-19
$1,400,000
MiamiMLS
Listed 2022-03-10
$1,490,000
MiamiMLS
Sold 1978-02-01
$50,000
Public Record

Total Square Feet Living: 1896
Year Built: 1938
Building Area Total: 2388
Construction Materials: Block
Direction Faces: South
Property Age: 86
Roof: Flat, Tile
Levels or Stories: 1
House Style: R30-No Pool/No Water
Year Built Details: Resale
Architectural Style: Detached, OneStory

Sewer: PublicSewer

Security Features: GatedCommunity

Morningside K-8 Academy is a public elementary and middle school located approximately 0.7 miles away.
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Miami Edison Senior High School is a public high school located approximately 1.3 miles away.
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The Cushman School is a private elementary, middle and high school located approximately 0.3 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.