Vacant Land, Develop 91 Apts & One (1) Retail Bay a block to Downtown Miami in Highland Park, the next area of continued development in Miami, FL. Develop by-right via submission under Live Local SB102 & 328 amendments, allows for 100% parking reduction. Located in Transit Oriented Development (“TOD”) & Opportunity Zoned (“OZ”) areas. Near hot spots like Kaseya Center, Frost Museum, PAMM, E11even, & Club Space & fashionable dining like Habibi | Moroccan, Kiki on the River, SeaSpice, Casablanca, Garcias on the River, as the future Riverside Wharf. Downtown Miami is one block away and is ‘the’ thriving and growing neighborhood developers are hot to develop within surrounded by 522,000 + residents, 380,000 + daytime employees, and more than 50,000 + businesses within a five-mile radius.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$28.9K
Per Month
Principal & Interest
$28.8K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$17.4K
Powered By
Advertisement
NMLS#3030
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
10
/10
Mater Academy East Charter
450 SW 4th St
Distance between this listing and this school0.24 miles
Public Charter Grades KG-5
3
/10
Riverside Elementary School
1190 SW 2nd St
Distance between this listing and this school0.48 miles
Public District Grades PK-5
3
/10
Alpha Charter of Excellence
1217 SW 4th St
Distance between this listing and this school0.55 miles
Public Charter Grades KG-5
Nearby Schools
10
/10
Ada Merritt K-8 Center
660 SW 3rd St
Distance between this listing and this school0.05 miles
Public Magnet Grades PK-8
9
/10
Lincoln-Marti Charter School Little Havana Campus
970 W Flagler St # 984
Distance between this listing and this school0.32 miles
Public Charter Grades KG-8
3
/10
Mater Preparatory Academy
601 NW 12th Ave
Distance between this listing and this school0.82 miles
Public Charter Grades KG-8
Nearby Schools
6
/10
Charter High School of the Americas
970 W Flagler St # 984
Distance between this listing and this school0.32 miles
Public Charter Grades 9-12
9
/10
Mater Academy East Charter High School
998 SW 1st St
Distance between this listing and this school0.35 miles
Public Charter Grades 9-12
10
/10
Young Womens Preparatory Academy
1150 SW 1st St
Distance between this listing and this school0.50 miles
The neighbors living near this home have an average income of $33,750. Typical income of Miami, FL residents is less than $35k annually. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 342 NW 7th St
What is the listing price of this property?
The listing price of 342 NW 7th St property is $5,790,000.
What type of property is this?
The property 342 NW 7th St is land located in Miami, Florida, 33136.
Is this property for sale now?
Active Listing: 342 NW 7th St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $5,069 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 342 NW 7th St in Miami, FL and zip code 33136 in the Little Havana neighborhood. This home sits on a 0.22 acre lot. It has been listed on Rocket Homes since October 29, 2024 and is currently priced at $5,790,000.
Miami, FL housing market in November 2024 saw over 38 listings sold above listed price, more than 112 sold at listed price and over 445 sold below. In November 2024 in Miami, FL there were 6.7% more homes for sale than in October 2024. While the average time on the market in November 2024 was 60 days, the median list price was $565,671.
From Rocket Homes Real Estate and based on county public records data.