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Backup Offers

340 NW 40th St, Miami, FL, 33127

$650,000

Home List Price

$7,719*

Closing Credit

2 Bedrooms
1 Full Bath
1,384 SqFt
$470/SqFt
House

Location

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340 NW 40th St, Miami$650,000

Buyer Closing Credits

$7,719*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway
Year Built1947
HeatingNone
CoolingWall/Window Unit(s)
ViewNone
MLS #A11699358
StatusAccepting Backup Offers
(Active Under Contract)

About 340 NW 40th St

INVESTOR'S DREAM! Located in one of Miami’s most sought-after neighborhoods, this single-family home offers an incredible opportunity for investors or homeowners with a vision. Just minutes from the trendy Midtown and Wynwood Arts District, this property holds vast potential to become a dream home or a profitable investment with some tender loving care. With some creativity and renovation, this home could become a high-value gem in the heart of one of Miami’s most vibrant areas. Whether you're looking to flip, rent, or make it your own, this property is an incredible investment opportunity!

Property Details

Property Features

Property Information:

  • Architectural Style: Detached, One Story
  • Year Built: 1947
  • Stories: 1
  • Living Area: 1,384 SqFt

Listing Office:

  • Office Name: Dalton Wade Inc
  • Office Phone: (888) 668-8283
  • Listing Agent: Takasha Flowers

Interior Features

Interior Information:

  • Appliances: Electric Range, Refrigerator
  • Flooring Type: Other
  • Interior: Bedroom on Main Level, First Floor Entry, Main Level Primary

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • View: None
  • Exterior: Shed

Parking Information:

  • Parking: Driveway

Virtual/3D Tour

  • Virtual Tour: 340 NW 40th St
Virtual Tour

Utilities

Utilities Information:

  • Heating: None
  • Cooling: Wall/Window Unit(s)

Other

Directions Information:

  • Directions: Please use GPS.

Price Information

Listing Price Info

Price Summary:

  • List Price: $650,000
  • Price Per SqFt: $470/SqFt

Tax Information:

  • Annual Amount: $944
  • 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

340 NW 40th St vs Miami

22 DAYS ON ROCKET

-38 Days

$650,000

+$84.3K More

$470/SqFt

+$78 More

KEY TAKEAWAY

This property is $84.3K more than the Median Sold Price and $78/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: #A11699358

Listing Office:

  • Office Name: Dalton Wade Inc
  • Office Phone: (888) 668-8283
  • Listing Agent: Takasha Flowers

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: 12/18/2024, 1:20:49 AM 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$944$54,458
2018$918$52,242
2017$918$51,168

History based on county public records data.

Payment Calculator

$3,312

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,015

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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-4292782
7
/10

  • Shadowlawn Elementary School

  • 149 NW 49th St

  • 0.61 miles

  • Public District Grades PK-5

school-card-donut-4292783
4
/10

  • Eneida Massas Hartner Elementary School

  • 401 NW 29th St

  • 0.61 miles

  • Public District Grades PK-5

school-card-donut-4292784
7
/10

  • Mater Academy of International Studies

  • 795 NW 32nd St

  • 0.62 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $31,689. Residents of Miami, FL typically earn less than $35k each year. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 340 NW 40th St

What is the listing price of this property?

The listing price of 340 NW 40th St property is $650,000.

What type of property is this?

The property 340 NW 40th St is a house located in Miami, Florida, 33127.

Is this property for sale now?

Accepting Backup Offers: 340 NW 40th St is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $944 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 340 NW 40th St has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 340 NW 40th St is 1,384 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 340 NW 40th St is 1947.

Rocket Homes›Florida›Miami-Dade County›Miami›33127›340 NW 40th St

This home is located at 340 NW 40th St in Miami, FL and zip code 33127 in the Buena Vista neighborhood. This 1,384 square foot home was built in 1947. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since November 25, 2024 and is currently priced at $650,000.

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. In November 2024 in Miami, FL there were 6.7% more homes for sale than in October 2024. Listings spent 60 days on the market in November 2024, and had a median list price of $565,671 during the same period.

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

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