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/27/2008
APPRAISAL OF
A CHURCH
LOCATED AT
300 N.W. 11 STREET
MIAMI, FLORIDA
Prepared For
Miami Community Redevelopment Agency
49 N.W. 5 Street
Suite 100
Miami, Florida
Prepared By
Investors Research Associates, Inc.
5730 S.W. 74 Street, Suite 300
South Miami, Florida 33143
Date of Value
September 29, 20
investors research associates, inc. real estate consultants/appraisers
SUMMARY OF FACTS AND CONCLUSIONS
The Assignment: To estimate the market value of the fee simple
interest of the property described herein.
Property Location: 300 N.W. 11 Street, Miami
Site Description: A 50' x 100' (5,000 square feet) corner lot fronting
N.W. 3 Avenue and N.W. 11 Street.
14,
IImprovement Description: A 60-year old concrete church containing 4,583
square feet. The roof of the building, which had
I been badly damaged and leaking, has recently been
replaced and the building exterior has been
repainted. However, the interior of the building
I remains in a badly deteriorated condition. For the
purpose of this appraisal, it is assumed the building
remains structurally sound and the interior can be
I renovated for continued use. If an engineering
report should indicate otherwise, the value
conclusion herein would require revision.
IOwnership: House of God of Nazarene
i 2009 Assessment: Site: $ 90,000
Improvements: $137,395
Total: $227,395
IZoning: C-1, Restricted Commercial
I Highest and Best Use: As If Vacant: Speculation
As Improved: Renovation for community service or
adaptive commercial use
IValue Conclusion: $300,000
IDate of Valuation: September 29, 2009
Appraisers: Edward N. Parker, MAI
Geoffrey D. Heath, MAI
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Summary Details:
Folio No.:
01-0101-040-1010
Property:
300 NW 11 ST
Mailing
HOUSE OF GOD OF
Address:
NAZARENE
1042 NW 3 AVE MIAMI FL
33136-3308
Property Information:
Primary Zone:
6100 RESTRICTED
COMMERCIAL
CLUC:
0044 RELIGIOUS
Beds/Baths:
010
Floors:
1
Living Units:
0
Adj Sq Footage:
4,583
Lot Size:
5,000 SQ FT
Year Built:
1947
MIAMI NORTH PB B-41
N5OFT LOT 1 & 2 BLK 14
Legal
LOT SIZE 50.000 X 100
Description:
OR 11668-2224 0183 5
THE MIAMI DIST
BOARD OF CH EXT OF
THE METHODIST CH
Assessment Information:
Year:
2009
2008
Land Value:
590,000
590,000
Building Value:
$137,395
5137,512
Market Value:
$227,395
5227,512
Assessed Value:
$227,395
5227,512
Taxable Value Information:
Year:
2009
2008
Applied
Applied
Taxing Authority:
Exemption/Taxable
Exemption/Taxable
Value:
Value:
Regional:
5227,395/50
5227,512/$0
County:
5227,395/50
5227,512/50
City:
5227.395/50
5227,512/$0
School Board:
$227,395/50
5227,512/50
Additional Information:
Click here to see more information for this
property:
Community Development District
Community Redevelopment Area
Empowerment Zone
Enterprise Zone
Zoning Land Use
Urban Development Boundary
Zoning
Non -Ad Valorem Assessments
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http://gisims2.miamidade.gov/myhome/propmap.asp 4/16/2010