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Summary Details:
Folio No
31-3136-037-0429
Property:
1201-21 NW 3 AVE
Mailing
Address:
RAMON CORTADA
9481 SW 109 TERR MIAMI
FL
33176-3639
Property Information:
Primary Zone:
6100 RESTRICTED
COMMERCIAL
0019 COMMERCIAL -
MIXED USE
CLUC:
Beds/Baths: 1819
Floors:
2
Living Units:
9
Adi So_ Footage:
10,958
Lot Size: /9.150
50 FT
Year Built.
1924
SOSTS SUB PB 8-27
Legal
LOT 8 BLK 9 LOT SIZE
Description:
150.000 X 61 OR 19656-
1354 05 2001 1 COC
22939-3175 12 2004 1
Sale nformation:
Sale C/R:
22939-3175
Sale Date:
12/2004
Sale Amount:
5625.000
Assessment Information:
Year
2007
2006
Land Value:
$256.200
$163.000
Building Value:
5382.820
5374,938
Market Value:
$639,020
5557.938
Assessed Value:
$639.020
5557,938
Total Exemptions:
$0
50
Taxable Value:
$639,020
$557,938
Additional Information:
Click here to see more information for this
property
Community Development District
Community Redevelopment Area
Empowerment Zone
Enterprise Zone
Land Use
Urban Development Boundary
Zoning
Non -Ad Valorem Assessments
ACTIVE TOOL: PAN
Digital Orthophotography - 2007
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http://gisims2.miamidade.gov/myhome/propmap,asp 8/11/2008
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James H. Villacorta
Executive Director/SEOPWCRA
49 N.W. 5th Street, Suite 100
Miami, Fl. 33128
August 27, 2008
Dear Jim,
I was elated to hear about the possibility of the CRA purchasing the property located at
1201 N.W. 3'd Ave. This property has been used as a refuge for the homeless/addicts and
has added blight and crime to the area. The Police, Code Enforcement, NET and Fire
departments have all conducted numerous inspections which have resulted in the current
owner receiving continuous fines. It is my belief that CRA ownership of the property and
subsequent demolition of the building will be extremely beneficial to the residents of
Overtown, nearby business owners, and children who attend Frederick Douglass
Elementary School. The CRA and other rental property owners have done an outstanding
job in refurbishing the 12th Street and 3' Ave corridor. The CRA's purchase of this
property and future development of this site will be beneficial to all involved. I fully
support the CRA's effort to purchase and demolish this blighted building.
Sincerely,
Loren Daniel
Overton NET Administrator
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APPRAISAL REPORT
COMMERCIAL/RESIDENTIAL BUILDING
LOCATED AT:
1201-1221 NW 3 AVENUE
MIAMI, FLORIDA
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PREPARED FOR:
COMMUNITY REDEVELOPMENT AGENCY
49 NW 5 STREET, SUITE 100
MIAMI, FLORIDA 33128
As OF:
AUGUST 12, 2008
PREPARED BY:
QUINLIVAN APPRAISAL, P.A.
5730 S.W. 74m STREET - SUITE 300
SOUTH MIAMI, FLORIDA 33143
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SUMMARY OF SALIENT FACTS AND CONCLUSIONS
Type Report
Purpose of Appraisal
Property Rights Appraised
Location
Improvements
Legal
Land Size
Zoning
Ilighest and Best Use
Indications of Value:
Cost Approach
Income Approach
Sales Comparison Approach
Final Estimate of Value
Dates of Inspection
Date of Value Estimate
Date of Report
Remarks
Summary
Market Value
Fee Simple
1201-1221 NW 3 Avenue, Miami, Florida
Two-story commercial/residential building
containing approximately 10,958 square feet
Lot 8, Block 9, SOSTS SUt;otvtstoN, Plat Book
B, Page 27 of the Public Records of Miami -
Dade County, Florida.
9,150 square feet
C-1, Restricted Commercial
(City of Miami)
Commercial/residential use
N/A
N/A
$550,000
$550,000
July 27, 2008 & August 12, 2008
August 12, 2008
August 18, 2008
The second floor of this has been declared by
the City of Miami Building Department to be
an unsafe structure and is not to be occupied. It
is currently unoccupied.
QUINLI VAN APPRAISAL
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