1 / 171998 NW 47th St, Miami FL 33142
Miami, FL
List Price
$515,000
Type
Single Family
Bedrooms
3
Bathrooms
2
Price / SqFt
$463/sqft
Price reduction
5.5% below original list — was $545,000
From the listing
Property located at 1998 NW 47th Street, Miami, FL. Half-duplex built in 2019, situated on an independent oversized corner lot. Fully independent residence with its own separate roof, water meter, and electric meter. Modern open-concept layout featuring a spacious living and dining area with a functional kitchen design. Generously sized bedrooms with excellent natural light. Large backyard ideal for entertaining or future enhancements. Strategically located just 10 minutes from Miami International Airport with convenient access to Downtown, Wynwood, and Brickell. Excellent opportunity in a centrally located area experiencing continued growth and strong demand.
Property Information
- Square Feet
- 1,113
- Units
- 1
- Days on Market
- 106
- Status
- active
Location
- County
- Miami-Dade County
- Zip Code
- 33142
- Coordinates
- 25.8174, -80.2302
Represented by Academia
Academia Real Estate Corp can represent you on this property. Use the inquiry form to have a licensed broker reach out with full details and next steps.
Permit history
Permit records
Live permit data isn’t available via open data for this jurisdiction yet — check the official record directly.
Private inquiry
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Why this deal
- 5.5% off original list price
- Value-add opportunity
- Represented end-to-end by Academia
- Active listing — move quickly
Deal Score
46/100
Fair
is scored →
Scored neutral: our comparable-sale selection is being rebuilt so that it no longer references the asking price, and we will not score equity from an estimate we are not willing to publish.
5.5% off original list (full marks at 25%+).
106 days on market (full marks at 120+ — more time = more leverage).
No explicit distress language in the public remarks.
A screen of the public MLS data we have — not an appraisal, valuation, or investment advice. Factors marked “assumed” were missing from the feed and scored neutral.
Deal scorecard
How four stakeholders read this deal
Strengths
- Roof age ~7 yr — below the 4-point threshold; likely insurable at standard rates
Risks
- Negative estimated equity — buying above estimated ARV, verify comps
- Flood zone AH — mandatory flood insurance required (NFIP or private); adds to carrying cost
- thin equity — lender-unfriendly LTV (≈ 134% of ARV)
What a super-investor sees
Investor
Investor equity estimate based on ARV from closed MLS comps minus list price and estima…
- Negative estimated equity — buying above estimated ARV, verify comps
What a bank sees
Lender / financing
Lender financeability estimate based on list price, ARV, and condition signals. Not a f…
- thin equity — lender-unfriendly LTV (≈ 134% of ARV)
What an insurer sees
Insurance / 4-point
Insurability read from roof, electrical, plumbing and HVAC ages in the public record. M…
- Roof age ~7 yr — below the 4-point threshold; likely insurable at standard rates
- Flood zone AH — mandatory flood insurance required (NFIP or private); adds to carrying cost
What a GC / AHJ sees
Permits / condition
No permits on record for this parcel in Miami-Dade County building-permit records (records begin 1983; records current through 2026-07-23; checked 2026-10-20). Note: work below permit thresholds (in Miami-Dade, work valued under about $2,500 generally requires no permit) and work predating 1983 would not appear here. This is a verified query result, not a failed lookup.
4-point — last permit
- Roofnone on record
- Electricalnone on record
- Plumbingnone on record
- HVACnone on record
Estimates from public data — not an appraisal, insurance quote, or financing commitment. Insurability as of 2026-10-20. Verify with licensed professionals.
Deal calculator
Value-add deal calculator
1998 NW 47th St, Miami FL 33142, Miami, FL
ARV is seeded from the asking price, not from comps — enter your own after-repair value. We are rebuilding comparable-sale selection so it no longer references the ask, and we will not pre-fill this field from an estimate we are not publishing.
Recommended max offer
$293,929
Room vs list (above list)
$221,071
Est. equity
-$102,225
-20% of ARV, at list
ROC at list
-17%
Est. all-in at list
$617,225
list + rehab + txn + carry
70% rule MAO
$322,000
Estimates only — not investment advice or an offer. ARV is drawn from recent closed comps; rehab from a rate-card range. Verify ARV, rehab, and all costs with a licensed professional before acting.