Neighborhood
114 NW 7th Ave, Homestead, FL 33030
3 beds · 1 bath · 988 sq ft · Lot: 7,102 sq ft · Single Family Home · Last Sold: $167K in 2017 · Built: 1971
Est. Value:
$302K
Est. Rent:
$2.4K/month

114 NW 7th Ave Homestead, FL 33030

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3 beds · 1 bath · 988 sq ft · Lot Size: 7,102 sq ft · Single Family Home · Northwest Homestead
Est. Property Value: $302,447

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114 NW 7th Ave is in the Northwest Homestead neighborhood of Homestead, FL. It is located in Miami-Dade County and ZIP code 33030. This Single Family Home was built in 1971 and is approximately 54 years old. The single family home spans 988 sq ft with 3 bedrooms and 1 bathroom and sits on a 7102 sq ft lot. According to public records, it was last sold in 2017 for $167,000 and has a tax-assessed value of $241,766, which is $306 per sq ft. The Northwest Homestead area of Homestead has 908 residential homes with an average size of 1517.5 sq ft. Analyze and compare real estate investment strategies for properties like this home at 114 NW 7th Ave Homestead, FL 33030 with Property Intel by Whitepages.

Investment Potential for 114 NW 7th Ave

The property has a current estimated value of $302,447, which is 27% below the neighborhood median, based on public records. It last sold on August 14, 2017 for $167K. Projected long-term
is $28,200 annually ($2,350 per month) with a 94% occupancy rate.

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Long-Term

Gross Rental
$28,200 per year($2,350 per month)
Net Operating Income
Cap Rate
Occupancy Rate
94%in 33030 zip code
 
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Owners & Occupancy for 114 NW 7th Ave

This property is owned by Katrina T Harvey. Owner contact information includes 3 phone numbers and 5 email addresses.

Property Owners

Cell Phone(814) ***-****View Cell Phone
Residence*************
Landline(814) 362-4807
Distance from Property**********
Email Address*******@yahoo.comView Email

Property Ownership Information

Purchase DateAugust 14, 2017
Property Tax Amount$1,893 in 2024
Purchase Price$167,000

Occupancy

Current Occupancy*****View Occupancy
Resident 1***************** age 52
Resident 2**************** age 38
Resident 3*************** age 52
Resident 4****************** age 42

Property Details for 114 NW 7th Ave

Property Details

Property Sq Ft

Living Area

988 sq ft

35% below market

Lot Size

7,102 sq ft

23% below market

Price Per Sq Ft

Living Area

$306 / sq ft

13% above market

Lot Size Area

$43 / sq ft

3% below market

Property condition, age, exterior, etc. for 114 NW 7th…
Longitude: -80.48682 Latitude: 25.471005 Parcel Number (APN): 10-7813-024-1610…
Mortgage originated on through lender: United Wholesale Mtg for$******View Mortgage Details
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Market Benchmarks

Compare data for 114 NW 7th Ave in Miami-Dade County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$302,447
$352,849
-$50,403 (-14%)
$469,783
$88,781 (19%)
YoY Price Change
1.8%
67%
Year Built
1971
1990
-19 years
Living Space
988 sq ft
1,630 sq ft
-642 (-39%)
$ Per Living Sq Ft
$306
$217
$89 (41%)
Lot Size
7,102 sq ft
9,599 sq ft
-2497 (-26%)
$ Per Lot Sq Ft
$43
$40
$2 (6%)

Net Operating Income
$19,987
$341 (2%)
Annual Revenue
$28,200
$29,400
-$1,200 (-4%)
$9,588
-$1,716 (-18%)
Net Operating Income
$19,987
$341 (2%)
Cap Rate
5.67%
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

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