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520 NE 51st St, Miami, FL, 33137

$2,500,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
3 Full Baths
2,213 SqFt
$1,130/SqFt
House

Location

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520 NE 51st St, Miami$2,500,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway
Garage2 spaces
Year Built1948
HeatingCentral
CoolingCentral Air
ViewOther
MLS #A11653230
StatusActive

About 520 NE 51st St

HIDDEN GEM! Best LOCATION in Miami. Remodel to your taste or build your own home. Huge OPPORTUNITY, not very common. Lots of potential to renovate and decorate to your taste. Current existing zone is T3-R- Suburban zone which allows a second floor to be built. Lot size approx .25 acres. Private neighborhood with lush landscaping and exotic trees. In close proximity to Morningside Park, Biscayne Blvd, Design District, 10 minutes from Miami and Miami Beach. Enjoy MIAMI LIFE where it really happens.

Property Details

Property Features

Property Information:

  • Architectural Style: Detached, One Story
  • Year Built: 1948
  • Stories: 1
  • Living Area: 2,213 SqFt

Listing Office:

  • Office Name: MC Realty Services, LLC.
  • Office Phone: (305) 986-5502
  • Listing Agent: Lourdes Rodriguez

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Washer
  • Flooring Type: Tile, Wood
  • Interior: Bedroom on Main Level, First Floor Entry, Living/Dining Room

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • View: Other
  • Exterior: Fruit Trees, Patio, Room For Pool

Parking Information:

  • Garage Space: 2 spaces
  • Parking: Driveway

Virtual/3D Tour

  • Virtual Tour: 520 NE 51st St
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Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,500,000
  • Price Per SqFt: $1,130/SqFt

Tax Information:

  • Annual Amount: $4,827
  • 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

$560.4K

Med. Price/SqFt

$389

Avg. Days On Market

60

# of Sold Homes

698

520 NE 51st St vs Miami

38 DAYS ON ROCKET

-22 Days

$2,500,000

+$1.9M More

$1,130/SqFt

+$740 More

KEY TAKEAWAY

This property is $1.9M more than the Median Sold Price and $740/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: #A11653230

Listing Office:

  • Office Name: MC Realty Services, LLC.
  • Office Phone: (305) 986-5502
  • Listing Agent: Lourdes Rodriguez

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: 11/22/2024, 4:20:51 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$4,827$186,358
2018$4,610$178,773
2017$4,585$175,096

History based on county public records data.

Payment Calculator

$12.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,562

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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.

Nearby Schools

school-card-donut-674593
7
/10

  • Toussaint L'Ouverture Elementary School

  • 120 NE 59th St

  • 0.76 miles

  • Public District Grades PK-5

school-card-donut-674594
7
/10

  • Shadowlawn Elementary School

  • 149 NW 49th St

  • 0.93 miles

  • Public District Grades PK-5

school-card-donut-674595
6
/10

  • Morningside K-8 Academy

  • 6620 NE 5th Ave

  • 0.97 miles

  • Public Magnet Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $93,056. Most Miami, FL residents have annual incomes between $100k-200k. Most families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 520 NE 51st St

What is the listing price of this property?

The listing price of 520 NE 51st St property is $2,500,000.

What type of property is this?

The property 520 NE 51st St is a house located in Miami, Florida, 33137.

Is this property for sale now?

Active Listing: 520 NE 51st 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 $4,827 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 520 NE 51st St has 4 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 520 NE 51st St is 2,213 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 520 NE 51st St is 1948.

Rocket Homes›Florida›Miami-Dade County›Miami›33137›520 NE 51st St

This home is located at 520 NE 51st St in Miami, FL and zip code 33137 in the Morningside / Bay Shore neighborhood. This 2,213 square foot home was built in 1948. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since October 15, 2024 and is currently priced at $2,500,000.

In October 2024, from all listings sold in Miami, FL there were more than 62 sold above asking price, over 507 sold below and more than 129 were sold right at the asked price. The inventory of homes for sale in Miami, FL between September 2024 and October 2024 increased by 8.3%. The median list price of listings available in October 2024 was $560,436, while the average time on the real estate market was 60 days.

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

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