10701 Southwest 56th Street

10701 Southwest 56th Street has been categorized by the local assessors in Miami, FL as a commercial type of property. The building on the property was first built in 1985 and is 39 years old. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 10701 Southwest 56th Street has 3,972 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 18,616 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with concrete block control joints. The exterior walls of the building are made of a combination of material. The inside of the home is being cooled with air conditioning at the moment. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 10701 Southwest 56th Street was last sold in Dec 17, 2008 for $5,000,000. According to our calculations, that's $1,258.81 per sqft. Current property owners are expected to pay $16,810 in taxes per year. The property on 10701 Southwest 56th Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $980,080. To break that down further, the land itself was valued at $795,834. While improvements to the property were assessed at a total of $184,246. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.