5 months on rocket

241 NE 55th St, Miami, FL, 33137

$434,950

Home List Price

$5,165*

Closing Credit

0 Baths
1,363 SqFt
$319/SqFt
Multi
Schools Nearby

Location

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241 NE 55th St, Miami$434,950

Buyer Closing Credits

$5,165*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
Year Built1925
HeatingWall Furnace
CoolingWall/Window Unit(s)
MLS #A11481378
StatusActive

About 241 NE 55th St

This property has lots of potential and cash flow opportunities; it just needs some TLC. It is a gem in a sought-after location. Zoning is T5-L, a dream property for any investor. It is in a prime location just 1 minute from the Magic City Development and 5 minutes from Wynwood, DesignDistrict, Midtown, the Mimo District, Morningside, and multimillion-dollar homes. CASH ONLY. You must inspect the property before submitting an offer. The buyer assumes the violations—3-day max inspection period.

Property Details

Property Features

Property Information:

  • Year Built: 1925
  • Stories: 2
  • Living Area: 1,363 SqFt

Listing Office:

  • Office Name: LPT Realty
  • Office Phone: (877) 366-2213
  • Listing Agent: Nanci Gilbert PA

Interior Features

Interior Information:

  • Flooring Type: Tile

Virtual/3D Tour

  • Virtual Tour: 241 NE 55th St

Virtual Tour

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: Wall/Window Unit(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
  • Toussaint L'Ouverture Elementary School, Public District Grades PK-5

Price Information

Listing Price Info

Price Summary:

  • List Price: $434,950
  • Price Per SqFt: $319/SqFt

Tax Information:

  • Annual Amount: $920
  • 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

$546.1K

Med. Price/SqFt

$382

Avg. Days On Market

56

# of Sold Homes

885

241 NE 55th St vs Miami

178 DAYS ON ROCKET

+122 Days

$434,950

-$111.2K Less

$319/SqFt

-$64 Less

KEY TAKEAWAY

This property is $111.2K less than the Median Sold Price and $64/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: #A11481378

Listing Office:

  • Office Name: LPT Realty
  • Office Phone: (877) 366-2213
  • Listing Agent: Nanci Gilbert PA

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: 5/1/2024, 4:45:18 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$920$51,108
2018$883$49,028
2017$868$48,020

History based on county public records data.

Payment Calculator

$2,238

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,371

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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-4508202
6
/10

  • Toussaint L'Ouverture Elementary School

  • 120 NE 59th St

  • 0.27 miles

  • Public District Grades PK-5

Middle School

school-card-donut-4508203
1
/10

  • Jose De Diego Middle School

  • 3100 NW 5th Ave

  • 1.61 miles

  • Public District Grades 6-8

High School

school-card-donut-4508204
2
/10

  • Miami Edison Senior High School

  • 6161 NW 5th Ct

  • 0.93 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 $30,048. The majority of Miami, FL residents have income less than $35k annually. Typical family type is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Miami-Dade County›Miami›33137›241 NE 55th St

This home is located at 241 NE 55th St in Miami, FL and zip code 33137 in the Buena Vista neighborhood. This 1,363 square foot home was built in 1925. It has been listed on Rocket Homes since November 06, 2023 and is currently priced at $434,950.

While more than 120 listings in Miami, FL in April 2024 were sold above asking price, there were more than 157 listings sold at asking price, and more than 608 were sold below. The inventory of homes for sale in Miami, FL between March 2024 and April 2024 increased by 7.2%. Listings spent 56 days on the market in April 2024, and had a median list price of $546,178 during the same period.

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

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