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AUCTION ID #: 451448 Bookmark and Share
Miami, FL - Land Ass'd @ $21,213 - $995 NO RESERVE! No BP!
Item 451448  
Winning Bid: USD $1,200
Number of Bids: 4
Winner: Ldixon209
Reserve: No Reserve!
Status: Sold
Auction Started: 06-20-10    12:00 AM ET
Auction Closed: 06-30-10    05:02 PM ET
Asset Details
Seller Information
   
Seller Name: JDLinvestments
Rating: Not yet rated
Location: 1420 NW 1st Place
Miami, FL    33136
View Seller's other items
 
 
Bid Increment: $100
Shipping Cost: SEE DESCRIPTION BELOW
Minimum Bid: $995
Auction Type: Regular Auction
Source: Private Auction
Deposit Required: $0
Overtime Period: 5 min
Page Views:
Asset was Sold
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Item Specifics
 
Land Properties  
  Address 1420 NW 1st Place
Miami, FL 33136 1908
United States
  County Miami-Dade
  Parcel Number 01-3125-048-1900
  Lot Size 1350 sq. ft
  HOA Fee $0.00 monthly
  Annual Taxes $480.19
  Zoning R-3 (Multi-Family)
  Water Public
  Topography Level
  Display Maps Yes

Asset Description

Vacant Lot for Sale

Aerial Photo 1

Aerial Photo 2

5 Miles to South Beach

1420 NW 1st Place
Miami, FL 33136-1908
 

This vacant lot located at 1420 NW 1st Place and is zoned R-3, multi-family lot. The land is tax assessed by Miami-Dade County at $21,213 (please confirm with county).

NO RESERVE! NO BUYER'S PREMIUM!

The property is in a residential neighborhood, approximately 5 miles from Ocean Drive/South Beach, Miami. The property previously sold in July of 2005 for $265,000 with a $212,000 mortgage (there was a small home on the property at this time).

The following info was provided by Miami-Dade County and should be verified prior to purchase.

Address: 1420 NW 1st Place, Miami, FL 33136-1908
Parcel #: 01-3125-048-1900
Lot Size: 30 x 45 or 1350 square feet.
Annual Taxes: ~$480.19
Assessed Value $21,213 (2008)

 

Grocery stores and dining with half a mile of property (source: Walkscore.com):

 

Comparable sales:

Address

Purchase Price

Sale Date

Type

929 NW 8th Street Rd. $80,000 7/15/09 R-3 Lot
1329 NW 37th St. $100,000 1/6/10 R-2 Lot

 

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Auction Disclaimer

The Seller offers these assets for sale in "AS IS" CONDITION AT THE TIME OF SALE OR CLOSING, INCLUDING ANY HIDDEN DEFECTS OF ANY NATURE, KNOWN OR UNKNOWN, with no representations, warranties or guarantees whatsoever, express or implied, regarding their nature, value, source, authenticity, fitness, merchantability, and/or any other aspect or characteristic of these assets. No statement anywhere, whether express or implied, shall be deemed a warranty or representation by the Seller regarding these assets. All sales are with the understanding that the buyer cannot rely on any other representation, warranty or guaranty made by anyone. Seller has not occupied this property and has only limited knowledge of the condition of the property. Seller has not performed a title examination and makes no warranty as to the state of the title. All information derived from third party sources, including but not limited to appraisals, description of property and photographs, is not guaranteed. It is the duty of prospective buyers to research properties to their satisfaction prior to bidding, and a bid shall constitute a binding contract, in which the buyer is agreeing to abide by the Terms of the Auction. Please note that there may be back taxes and/or city liens on this property (amounts are unknown).

Terms of Auction / Settlement Terms

This is a cash sale, you are bidding on the full purchase price. No seller financing is available on this property. Buyer must have cash or ready at auctions close. Winning bidder agrees to pay $500 non-refundable deposit via certified check or PayPal within 48 hours of the offer being accepted, no exceptions. The remaining balance is due within 10 calendar days. Closing costs are $250 and include all fees related to transfering the quitclaim deed.

Thanks for looking and good luck with your investments!


Maps & Area Information

Additional Details
For more information about this asset including photos, specs and more (when available), click here.


PLEASE READ CAREFULLY- Bid4Assets Real Estate Buyer Responsibilities

Some sellers buy large "pools" of under-valued properties from banks. The seller may not inspect every property prior to sale. The seller represents these properties to the best of their knowledge. In some rare cases, property may have severe damage or be subject to county/city orders not described in the auction. It is highly recommended that interested bidders arrange for an external inspection personally or through a designate and that they contact the county or city in which the property is located to confirm the status of the property.

Bid4Assets reminds all potential real estate bidders that it is your responsibility to complete all due diligence needed to determine the condition, market value, or investment value of this asset prior to placing a bid. Necessary due diligence items may include, but are not limited to, a) a satisfactory inspection of the property b) completion of a title search c.) investigating back property taxes and D.) other - liens and encumbrances such as unpaid utility bills.

By placing a bid, you acknowledge that any statements made by the seller about the condition or market value of the property are subjective, and do not release you from your responsibility to perform due diligence. Please contact Bid4Assets if you believe that a seller is intentionally misrepresenting a property in their auction.

Settlement Requirements
  • Certified/Cashier's Check
  •