2 months on rocket

7 NE 50th St, Miami, FL, 33137

$975,000

Home List Price

$10,000*

Closing Credit

0 Baths
1,300 SqFt
$750/SqFt
Multi

Location

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7 NE 50th St, Miami$975,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
Year Built1951
HeatingCentral
CoolingCentral Air
MLS #A11667856
StatusActive

About 7 NE 50th St

7 NE 50 ST: Enjoy the Florida sunshine poolside at this income-producing gem. This fully remodeled 4-bedroom, 2-bathroom property offers 1,317 sq.ft. of living space on a 4,040 sq.ft. lot. Originally designed as a legal duplex, it's currently used as a comfortable single-family home. Zoned T4-L, it generates a net operating income of $77,855.00, making it a smart investment.

Property Details

Property Features

Property Information:

  • Year Built: 1951
  • Stories: 1
  • Living Area: 1,300 SqFt

Listing Office:

  • Office Name: Fausto Commercial Realty Consultants Inc
  • Office Phone: (305) 431-2258
  • Listing Agent: Antonio Saladrigas

Interior Features

Interior Information:

  • Flooring Type: Terrazzo

Virtual/3D Tour

  • Virtual Tour: 7 NE 50th St
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Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $975,000
  • Price Per SqFt: $750/SqFt

Tax Information:

  • Annual Amount: $5,387
  • 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

7 NE 50th St vs Miami

64 DAYS ON ROCKET

+4 Days

$975,000

+$409.3K More

$750/SqFt

+$358 More

KEY TAKEAWAY

This property is $409.3K more than the Median Sold Price and $358/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: #A11667856

Listing Office:

  • Office Name: Fausto Commercial Realty Consultants Inc
  • Office Phone: (305) 431-2258
  • Listing Agent: Antonio Saladrigas

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: 12/3/2024, 11:20:50 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$5,387$271,545
2018$5,047$173,056
2017$4,892$271,559

History based on county public records data.

Payment Calculator

$4,934

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,990

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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-3474501
7
/10

  • Shadowlawn Elementary School

  • 149 NW 49th St

  • 0.19 miles

  • Public District Grades PK-5

school-card-donut-3474502
7
/10

  • Toussaint L'Ouverture Elementary School

  • 120 NE 59th St

  • 0.56 miles

  • Public District Grades PK-5

school-card-donut-3474503
7
/10

  • Edison Park K-8 Center

  • 500 NW 67th St

  • 1.15 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $40,625. Typical income of Miami, FL residents is less than $35k annually. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Miami-Dade County›Miami›33137›7 NE 50th St

This home is located at 7 NE 50th St in Miami, FL and zip code 33137 in the Buena Vista neighborhood. This 1,300 square foot home was built in 1951. It has been listed on Rocket Homes since September 29, 2024 and is currently priced at $975,000.

Over 38 listings were sold over their listed price in November 2024 in Miami, FL. In the same period over 445 listings were sold below the listed price and 112 listings were sold for the listed price. 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.

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