7 months on rocket

586 NW 48th St, Miami, FL, 33127

$720,000

Home List Price

$8,550*

Closing Credit

4 Bedrooms
2 Full Baths
1,956 SqFt
$368/SqFt
House

Location

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586 NW 48th St, Miami$720,000

Buyer Closing Credits

$8,550*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached, Covered, Driveway, Garage, On Street
Attached Garage1 space
Year Built1941
HeatingCentral
CoolingCentral Air, Ceiling Fan(s)
ViewOther
MLS #A11556187
StatusActive

About 586 NW 48th St

This Buena Vista West home is your opportunity to invest near some of Miami's most desirable locations!**Tenant occupied now for $4,800 per month**Constructed on a corner lot, this home sits directly across the street from North Bay Vista Park, which features a playground for family entertainment, BBQ, and is pet-friendly. From here you'll be walking distance to restaurants, bars, and coffee shops. Only a 5 minute drive to Wynwood and Miami Design District. South Beach in 20 minutes, Miami's Upper Eastside in 8 minutes, Museum Park in 15 minutes, Coconut Grove and Coral Gables in less than 20 minutes. Large, private, fenced-in yard, 1 car garage plus 1 covered carport space, ample off-street parking, and 4 bedrooms plus a bonus room that can be used as a 5th bedroom

Property Details

Property Features

Property Information:

  • Architectural Style: Detached, One Story
  • Year Built: 1941
  • Stories: 1
  • Living Area: 1,956 SqFt

Listing Office:

  • Office Name: Mahogany Real Estate Group
  • Office Phone: (305) 971-6161
  • Listing Agent: Drew Washington

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Microwave, Refrigerator, Washer
  • Flooring Type: Other
  • Interior: Bedroom on Main Level, First Floor Entry

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • View: Other
  • Exterior: Fence, Lighting

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: Yes
  • Parking: Attached, Covered, Driveway, Garage, On Street

Virtual/3D Tour

  • Virtual Tour: 586 NW 48th St
Virtual Tour

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air, Ceiling Fan(s)

School Info

Assigned Schools Information:

  • Miami Edison Senior High School, Public Magnet Grades 9-12
  • Jose De Diego Middle School, Public District Grades 6-8
  • Shadowlawn Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: Between NW 5th and 6th Avenues, directly East of I-95, across the street from the south side of North Bay Vista Park.

Price Information

Listing Price Info

Price Summary:

  • List Price: $720,000
  • Price Per SqFt: $368/SqFt

Tax Information:

  • Annual Amount: $4,449
  • 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

586 NW 48th St vs Miami

221 DAYS ON ROCKET

+161 Days

$720,000

+$159.5K More

$368/SqFt

-$22 Less

KEY TAKEAWAY

This property is $159.5K more than the Median Sold Price and $22/SqFt less than other homes in Miami, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11556187

Listing Office:

  • Office Name: Mahogany Real Estate Group
  • Office Phone: (305) 971-6161
  • Listing Agent: Drew Washington

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: 11/5/2024, 8:20:48 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$4,449$267,516
2018$3,490$126,118
2017$3,252$178,069

History based on county public records data.

Payment Calculator

$3,661

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,225

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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.

Elementary School

school-card-donut-1887409
6
/10

  • Shadowlawn Elementary School

  • 149 NW 49th St

  • 0.44 miles

  • Public District Grades PK-5

Middle School

school-card-donut-1887410
1
/10

  • Jose De Diego Middle School

  • 3100 NW 5th Ave

  • 0.96 miles

  • Public District Grades 6-8

High School

school-card-donut-1887411
3
/10

  • Miami Edison Senior High School

  • 6161 NW 5th Ct

  • 0.84 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $28,636. The most common annual income of people living in Miami, FL is less than $35k. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 586 NW 48th St

What is the listing price of this property?

The listing price of 586 NW 48th St property is $720,000.

What type of property is this?

The property 586 NW 48th St is a house located in Miami, Florida, 33127.

Is this property for sale now?

Active Listing: 586 NW 48th St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 586 NW 48th St are:
Shadowlawn Elementary School: GreatSchools Rating 6/10
Jose De Diego Middle School: GreatSchools Rating 1/10
Miami Edison Senior High School: GreatSchools Rating 3/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $4,449 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 586 NW 48th St has 4 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 586 NW 48th St is 1,956 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 586 NW 48th St is 1941.

Rocket Homes›Florida›Miami-Dade County›Miami›33127›586 NW 48th St

This home is located at 586 NW 48th St in Miami, FL and zip code 33127 in the Buena Vista neighborhood. This 1,956 square foot home was built in 1941. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 28, 2024 and is currently priced at $720,000.

Over 62 listings were sold over their listed price in October 2024 in Miami, FL. In the same period over 507 listings were sold below the listed price and 129 listings were sold for the listed price. The number of homes for sale in Miami, FL increased by 8.3% between September 2024 and October 2024. 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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