5 months on rocket

631 NE 60th St, Miami, FL, 33137

$1,975,000

0.24 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeMulti Family
MLS #A11605625
Lot Size0.24 Acres
StatusActive

About 631 NE 60th St

Exclusive redevelopment opportunity to build up to a 21-unit multifamily in the Morningside corridor off Biscayne Blvd. The property is currently a duplex—1 Single family 2/1 main house and a 2/1 separate structure on a 10,250 sf lot with both T6-08 and T5-R zoning. This would allow for the redevelopment of the property consisting of 21 units with a vertical potential of 3 stories within the overlay. Whether you're a seasoned developer seeking your next triumph or an investor with an eye for opportunity, this parcel of land offers the perfect canvas and ideal setting for a sleek, modern structure rising amidst the bustling energy of Morningside. Its favorable zoning promotes a dynamic urban landscape where a multifamily oasis is poised for success.

Property Details

Property Features

Listing Office:

  • Office Name: One Sotheby's International Realty
  • Office Phone: (305) 666-0562
  • Listing Agent: Jorge Uribe

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  • Virtual Tour: 631 NE 60th St
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Lot Features

Lot Information:

  • Lot Size: 0.24 Acres

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,975,000

Tax Information:

  • Annual Amount: $8,677
  • Tax Year: 2020
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Housing Market Comparison

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

Med. Sold Price

$560.4K

Med. Price/SqFt

$389

Avg. Days On Market

60

# of Sold Homes

698

631 NE 60th St vs Miami

163 DAYS ON ROCKET

+103 Days

$1,975,000

+$1.4M More

KEY TAKEAWAY

This property is $1.4M more than the Median Sold Price in Miami, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11605625

Listing Office:

  • Office Name: One Sotheby's International Realty
  • Office Phone: (305) 666-0562
  • Listing Agent: Jorge Uribe

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$8,677$393,382
2018$8,057$197,983
2017$7,970$390,113

History based on county public records data.

Payment Calculator

$9,925

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,988

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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-674018
6
/10
  • Morningside K-8 Academy

  • 6620 NE 5th Ave

  • 0.37 miles

  • Public Magnet Grades PK-5

school-card-donut-674019
7
/10
  • Toussaint L'Ouverture Elementary School

  • 120 NE 59th St

  • 0.67 miles

  • Public District Grades PK-5

school-card-donut-674020
7
/10
  • Shadowlawn Elementary School

  • 149 NW 49th St

  • 1.22 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $76,500. The majority of Miami, FL residents have income between $100k-200k annually. The majority of families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 631 NE 60th St

What is the listing price of this property?

The listing price of 631 NE 60th St property is $1,975,000.

What type of property is this?

The property 631 NE 60th St is land located in Miami, Florida, 33137.

Is this property for sale now?

Active Listing: 631 NE 60th 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 $8,677 (source: MLS/based on county public records data).

How much acreage is this property?

The property 631 NE 60th St is 0.24 acres.
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Rocket HomesFloridaMiami-Dade CountyMiami33137631 NE 60th St

This home is located at 631 NE 60th St in Miami, FL and zip code 33137 in the Morningside / Bay Shore neighborhood. This home sits on a 0.24 acre lot. It has been listed on Rocket Homes since June 12, 2024 and is currently priced at $1,975,000.

While more than 62 listings in Miami, FL in October 2024 were sold above asking price, there were more than 129 listings sold at asking price, and more than 507 were sold below. Between September 2024 and October 2024, Miami, FL real estate market has seen increase in the number of listings 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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