new - 1 day on rocket

251 NW 34th Ter, Miami, FL, 33127

$1,990,000

Home List Price

$10,000*

Closing Credit

0 Baths
2,784 SqFt
$715/SqFt
Multi

Location

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251 NW 34th Ter, Miami$1,990,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1926
HeatingNone
CoolingCentral Air
MLS #A11711589
StatusActive

About 251 NW 34th Ter

A rare investment opportunity in Wynwood, this legal fourplex offers great potential and development options. With the 40-year recertification completed, it’s ready for the next owner. Zoned T4, it allows up to 16 units across three stories with no parking requirements if contributing to the parking fund. The property features ample parking and a common area that could be converted to a coin laundry. Tenants are month-to-month, offering flexibility. Located near Wynwood's shops, restaurants, and art scene, this property promises excellent returns. Being sold or as a portfolio along with 270 NW 34th Ter Miami, FL 33127 and 241 NW 34th Ter Miami, FL 33127.

Property Details

Property Features

Property Information:

  • Architectural Style: Fourplex
  • Year Built: 1926
  • Stories: 2
  • Living Area: 2,784 SqFt

Listing Office:

  • Office Name: Lifestyle International Realty
  • Office Phone: (305) 809-8085
  • Listing Agent: Sherry Lebowitz

Interior Features

Interior Information:

  • Flooring Type: Tile

Virtual/3D Tour

  • Virtual Tour: 251 NW 34th Ter
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Utilities

Utilities Information:

  • Heating: None
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,990,000
  • Price Per SqFt: $715/SqFt

Tax Information:

  • Annual Amount: $5,662
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Miami, FL.

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Miami, FL

City

Med. Sold Price

$565.6K

Med. Price/SqFt

$391

Avg. Days On Market

60

# of Sold Homes

595

251 NW 34th Ter vs Miami

1 DAY ON ROCKET

-59 Days

$1,990,000

+$1.4M More

$715/SqFt

+$323 More

KEY TAKEAWAY

This property is $1.4M more than the Median Sold Price and $323/SqFt more than other homes in Miami, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11711589

Listing Office:

  • Office Name: Lifestyle International Realty
  • Office Phone: (305) 809-8085
  • Listing Agent: Sherry Lebowitz

IDX © 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 8:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$5,662$393,094
2018$4,339$166,780
2017$3,834$240,613

History based on county public records data.

Payment Calculator

$10K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,033

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-775823
4
/10

  • Eneida Massas Hartner Elementary School

  • 401 NW 29th St

  • 0.35 miles

  • Public District Grades PK-5

school-card-donut-775824
7
/10

  • Mater Academy of International Studies

  • 795 NW 32nd St

  • 0.59 miles

  • Public Charter Grades KG-5

school-card-donut-775825
5
/10

  • Santa Clara Elementary School

  • 1051 NW 29th Ter

  • 0.81 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $33,511. The most common annual income of people living in Miami, FL is less than $35k. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Living In Miami, FL

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Miami, FL?

Miami's housing market is vibrant and diverse, with a mix of luxurious high-rise condos, charming Art Deco apartments, and sprawling waterfront estates. Single-family homes, which make up a significant portion of the market, often showcase a blend of Mediterranean Revival and modern architectural styles. The city's homeownership rate is robust, with a substantial number of residents investing in property, while the remainder of the population opts for the flexibility of renting.

Is Miami, FL a good place to live?

Miami is celebrated for its dynamic cultural scene and lively atmosphere. The city prides itself on being a melting pot of cultures, which is reflected in its vibrant neighborhoods, each with its own unique flair. Annual events like the Calle Ocho Festival and Art Basel Miami Beach highlight the community's rich artistic heritage and diverse cultural identity.

Are things conveniently located in Miami, FL?

The community benefits from a well-rounded array of services, including a network of public and private schools that cater to a range of educational needs. Miami is home to several major hospitals, offering comprehensive healthcare services from emergency care to specialized treatments. The city's public library system is extensive, providing residents with access to a wealth of knowledge and resources. Retail and dining options abound, featuring everything from high-end boutiques to local eateries that serve up a taste of Miami's diverse culinary landscape.

What does the transportation in Miami, FL look like?

Miami's transportation infrastructure is designed to accommodate both residents and visitors. The city offers a variety of public transit options, including the Metrorail, Metromover, and Metrobus systems, with schedules that cater to commuters and those traveling within the city. Ride-sharing services are readily available, enhancing mobility for those who prefer not to drive. The city is also focused on improving walkability and bikeability, particularly in areas like Downtown and Miami Beach. Major highways such as I-95 and the Dolphin Expressway facilitate travel in and out of the city, with ongoing projects aimed at enhancing traffic flow and reducing congestion.

Rocket Homes›Florida›Miami-Dade County›Miami›33127›251 NW 34th Ter

This home is located at 251 NW 34th Ter in Miami, FL and zip code 33127. This 2,784 square foot home was built in 1926. It has been listed on Rocket Homes since December 20, 2024 and is currently priced at $1,990,000.

In November 2024, from all listings sold in Miami, FL there were more than 38 sold above asking price, over 445 sold below and more than 112 were sold right at the asked price. The inventory of homes for sale in Miami, FL between October 2024 and November 2024 increased by 6.7%. In November 2024, listings were on the market for 60 days. During the same period, the median list price in this real estate market was $565,671.

From Rocket Homes Real Estate and based on county public records data.

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