Realest Ate Miami

Entries from March 2008

Filing a Late Homestead Exemption Application While Enjoying the Art of Wilfredo Lam

March 31, 2008 · Leave a Comment

If you missed the March 3rd deadline for filing a Homestead Exemption application don’t panic. Take a breath of fresh air and make plans to take a field trip to the Exemptions Division of the Miami-Dade Property Appraiser’s Office located at:

Stephen P Clark Center (Government Center)

111 NW 1 Street, Suite 710 (7th Floor)

Miami, FL 33128

Late applications for Homestead and other property tax exemptions can be filed in person through mid-September. Applicants must also file a petition with the Value Adjustment Board ($15.00 fee). The property owner must have all the required documents when filing.

For more information regarding the Homestead Exemption, click here.

While you’re downtown, take some time to visit the Miami Art Museum (yes, we do have one) and check out Wilfredo Lam’s first large-scale solo exhibition in South Florida, Wilfredo Lam in North America. It’s embarrassing to think that it took this long for a local cultural institution to take a chance to display the works of (arguably) the greatest Cuban painter to ever live.

No fires have been reported.

Is the local Cuban community finally growing up? Or is it just growing old?

Adrian Salgado is a Realtor Associate with RED I Realty in Miami, FL and can be reached at 305-491-7179 or SalgadoA@gmail.com

 

Categories: Property Tax Exemptions · Wilfredo Lam
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Real Estate Diary – A Day in the Life of a Realtor: Vol. 2 (The Jay-Z Rehearsal)

March 22, 2008 · 3 Comments

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EL APPRAISER: Oye, you down to go see Jay-Z?

A MIAMI REAL ESTATE BLOG: Jay-Z is in town?

EL APPRAISER: Yeah, he’s playing at the American Airlines Arena on Saturday and he’s doing something like a rehearsal show or some sh*t tomorrow at the Fillmore in the beach…

A MIAMI REAL ESTATE BLOG: They sold tickets to a Jay-Z “rehearsal”?

EL APPRAISER: Yeah.

A MIAMI REAL ESTATE BLOG (thinking to himself): Ese negro es un caballo!

A MIAMI REAL ESTATE BLOG: A Jay-Z “rehearsal show” in the intimate setting of a 1951 Art Deco theater? That sounds interesting. I’m down for that.

Long story short…

March 21

“Allow me to reintroduce myself my name is Hov, (Oh) H to the O.V. I used to move snowflake by the O.Z.”

OK, so I temporarily lifted the self-imposed moratorium for attending local hip hop shows and attended the Jay-Z “rehearsal show” (it was more like “Jay-Z for mostly people of Caucasian descent”, but I don’t think it would be politically correct to market it like that) last night at The Fillmore at The Jackie Gleason Theater in Miami Beach.

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Off topic: I will never ever call this place The Fillmore. It is and always will be The Jackie Gleason Theater – period. However, much respect to Live Nation for the job they did with the renovations and the sound (which is spectacular – can’t wait to see The Strokes inside this place…again). I know many of the purists worried about the integrity of the theater when Live Nation took over. Being the traditionalist that I am (when it comes to landmarks, at least), I worried a little too. However, the 2,700-seat theater was operating on a $1.5 million per year deficit before Live Nation took over. Live Nation proposed a 15-year lease for the city-owned theater in which they would perform a $3.5 million renovation (which was greatly needed and appreciated) and pay the city a minimum of $1 million per year. You do the math. Besides, the theater lost a lot of its former bread-and-butter acts to the Performing Arts Center in Downtown Miami. It was time for change, no?

By the way, since we’re “off topic” on local landmark names, Dolphins Stadium fka Pro Player Stadium will always be Joe Robbie Stadium. The man built the stadium with private funds for crissakes! Name the entire city of Miami Gardens “Joe Robbie Gardens” or something like that.

Where was I? Oh yeah, Jay-Z.

Wow!

Backed by a full band (that flawlessly riffed into and out of all types of funk, soul, and rock-n-roll classics) featuring guitar, bass, drums, percussion, keyboards, horns and a turntablist (yes live music at a “hip hop” show), Jay-Z effortlessly cruised through a catalog that spans his 11+ year music career. From Reasonable Doubt all the way to last year’s critically-acclaimed American Gangster, Jay-Z gave every member of his audience his/her fair share of what they came to see…and then some.

“Public Service Announcement” for necks to sever? Check.

“I Just Want To Love You” for the chicken heads who swear he’s talking about them? Check.

“Can I Live?” for the old school Reasonable Doubt/Vol. 1 set? Check.

“Jigga What? Jigga Who?” for the thugs (he absolutely killed this one – killed it). Check.

“Big Pimpin” for everybody else? Check (although he didn’t really “sing” this one; after the DJ dropped the intro to the song that even yo’ mama knows the words to, he let the crowd “spit” his verse word for word – a capella).

I gotta confess. I didn’t go in expecting a whole lot, but when the band started playing “……….” (after Grolsch/Grey Goose/Stella Artois/Heineken/some Scottish beer from Zeke’s/Modelo Especial, etc. you don’t expect me to remember what song he started the show with, do you?), the vibe was set. This was gonna be a fun show. And it was.

However, no matter how much fun it was for everyone in attendance, the lesson to be learned was much greater. Love ‘em or hate ‘em (and a lot of people I know fall into the latter), Jay-Z, Jigga, Hova, Hovito, H to the Izzo, Jigga Man, J.A.Y. Hyphen, God M.C. (and whatever other pseudonym/alter egos he goes by these days) and Shawn Carter:

  • are pop stars.
  • are not a business man – they are a business, man (as he so cleverly stated on Kanye West’s “Diamonds Are Forever” remix).
  • are genii (plural form of the word “genius”).
  • are marketing masterminds.
  • are artists.
  • are hustlers.

I could go on forever.

I could’ve even said something like Obama/Carter, but I don’t wanna start some sh*t (chuckle, chortle, chuckle, chuckle).

Adrian Salgado is a Realtor Associate at RED I Realty in Miami, FL and can be reached at 305-491-7179 or SalgadoA@gmail.com

Categories: Real Estate Diary
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News of the Different

March 21, 2008 · 5 Comments

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These photographs were brought to you by one of our loyal readers.

At first glance, you may think “what kind of a crazy b*tch walks around with a pet sheep”? That was my initial thought. However, after letting it marinate in my mind for a minute, I changed my mind. This lady is actually making a rather bold social statement:

Sheep in Miami.

Brilliant!

Why didn’t I think of that one?

Adrian Salgado is a Realtor Associate with RED I Realty in Miami, FL and can be reached at 305-491-7179 or SalgadoA@gmail.com

Categories: News of the Different
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That’s Wrong Vol. 1 (El Caballo)

March 18, 2008 · 15 Comments

I’m anxiously cutting through back roads. I need to get to the 2-1-7 as fast as I can. Jeter’s gotta get out. Poor guy has been home alone all day and needs relief fast. He doesn’t spell relief R-O-L-A-I-D-S. He spells it P-I-S-S.

Interlude: “Jeter” is my parents’ 7 year old Viszla/Rhodesian Ridgeback, not the 3-time Gold Glove award winner with a career .317 batting average who was named American League Rookie of the Year in 1996, World Series and All Star Game MVP in 2000 and American League Silver Slugger in 2006 & 2007. Not the one with 4 championship rings either.

As I head west on a nondescript stretch that separates Coral Gables from West Miami, I notice this

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and I can’t contain myself. I had to pull out the Canon Powershot SD 450.

Can any appraisers out there please tell me how much value this work of art adds to the property?

Inquiring minds want to know.

Adrian Salgado is a Realtor Associate with RED I Realty in Miami, FL and can be reached at 305-491-7179 or SalgadoA@gmail.com

Categories: That's Wrong
Tagged:

Neo Lofts – 2 Bed/2 Bath Loft *Short Sale* – $245,000

March 18, 2008 · 6 Comments

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A professionally designed and fully updated functional loft space on the 15th floor of Neo Lofts was just listed for sale.

This flexible and versatile living space features 1,000 SF of living area with an additional 77 SF of open balcony space that offers a desirable southern view of Miami’s oldest natural landmark – the Miami River – and Miami’s evolving city skyline. Stained concrete floors, European kitchen cabinets with stainless steel appliances, 11′ ceilings with exposed ducts and pipes, a custom walk-in closet and designer lighting throughout make this a great deal for the buyer with discerning tastes in search of an urban lifestyle.

Building amenities include an infinity-edge beachfront-entry pool, spa, fully equipped fitness center, sauna, steam room, contemporary lounge with billiards, meditation garden with BBQ area, dog park, 24 hr doorman, business center, on-site property manager and valet parking.

Monthly association dues are currently $735.51 ($0.73/SF). However, the Board of Directors at Neo Lofts is scheduled to meet next week in order to adopt a revised operating budget for 2008. The change in the operating budget is due to the Global Closeout Agreement and Settlement Payment Agreement to the Neo Lofts Condominium Association.

The monthly association dues are due to change to $529.82 ($0.53/SF) effective April 2008. $0.53/SF is in line with association fees in established comparable buildings in the area. ASSOCIATION DUES INCLUDE FULLY FUNDED (100%) RESERVES. Neo Lofts Condominium has a very healthy operating and reserves budget.

This is a SHORT SALE subject to THIRD PARTY APPROVAL. Qualified buyers must close with sellers approved closing agent. Pre-approval letter or proof of funds must be submitted with every offer.

The seller paid $410,000 in September 2005 and spent thousands more in tasteful updates and improvements.

Unit 904 – very similar in size, layout, finishes and views, but located 5 floors below the subject – recently closed for $250,000 on March 19, 2008. Take a look at the MLS listing for unit 904.

Call me at 305-491-7179 if you’d like to see this unit.

Adrian Salgado is a Realtor Associate with RED I Realty in Miami, FL and can be reached at 305-491-7179 or SalgadoA@gmail.com

Categories: Neo Lofts
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Calle Ocho

March 17, 2008 · 14 Comments

March.

The first day of spring, St. Patrick’s Day, Palm Sunday, Easter, my birthday and…

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Yep. Calle Ocho everyone.

What else is there to do on a hot and humid Sunday afternoon after church and brunch?

Festival gear in check, I grabbed my Canon Powershot SD 450 and set out to brave the streets and elements of Calle Ocho. But before I ran up the miles on my New Balance 991s, I had to go over my rules one last time.

Calle Ocho Rules:

1. Roll solo. Clans, posses, crews and cliques.

2. Limit self to 1 beer/alcoholic beverage per hour.

3. It’s OK to look – just don’t stare.

4. Manitos atraz. No se toca.

Let’s see how things went:

After seeing this (note Sapporo)

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you know what happened to rule #2, right? And after demolishing, not breaking, rule #2 you know what happened to rule #3, right? And after…

You get the point.

Questions:

When did it become OK for “thugs” to pluck their eyebrows (I’m talking shape, arches and all)?

Does one size really fit all?

Is my generation filled with doom and disease?

Is nationalism good, bad or does it even matter?

Adrian Salgado is a Realtor Associate with RED I Realty in Miami, FL and can be reached at 305-491-7179 or SalgadoA@gmail.com

Categories: Calle Ocho
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Housing Bubble

March 12, 2008 · 1 Comment

If this weren’t true, it wouldn’t be so funny.

Feel free to sing along if you know the words.

Categories: Housing Bubble
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Suburbia: 21st Century Ghetto?

March 7, 2008 · 7 Comments

Many see this

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and worry about this

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I see this

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and worry about this

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Don’t get me wrong. I worry about this

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But this

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will be just fine.

This

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I’m not so sure.

Those of you who read this blog regularly know how I feel about urban sprawl and the separation of land uses. Urban sprawl, amongst other things, is single-handedly responsible for the destruction of communities and innovative economies, increased obesity and the death of the American city.

When American soldiers returned home from World War II in 1946 they came home to highways, automobiles, backyards and garages.

The suburbs were born.

White flight would soon follow.

The hustle and bustle of central retail districts and a thriving downtown? Over. Thank modern planners, a poor residential base left all alone, rising crime, the riots of the 1960s and the advent of the regional mall for that.

It’s been a little over sixty years since America’s introduction to urban sprawl. Local suburbs are only now starting to experience the social consequences associated with poor neighborhood planning. During the recent housing boom, hundreds of suburban neighborhoods containing thousands of cookie-cutter homes were developed in places segregated from work, shopping, transportation and entertainment at a time when housing consumer preferences show a trend of reverse white flight.

Americans are ditching the suburbs in favor of the urban experience. Empty-nesters are showing a strong preference for urban living. Furthermore, demographers estimate that by 2025, the U.S. will contain about as many single-person households as families with children. Can you guess where most single-person households want to live?

Just last week I showed a house I have listed for sale to a young prospective buyer looking to occupy the home. When I asked why she was in the market for a new home, she responded:

“I bought a brand new house 2 years ago in the vicinity of 20x St and 10x Ave down south. It’s a beautiful home, but I’m so tired of dealing with the Section 8 tenants that have moved into the neighborhood.”

Adrian Salgado: “Section 8 tenants in a 2-year old community?!”

Prospective Buyer: “It’s horrible. Everyone who bought is getting foreclosed on, houses sit vacant and most of the ones that are occupied are occupied by Section 8 tenants.”

Adrian Salgado: “That’s atrocious!”

Living in the suburbs serves its purpose when you’re one of the few living out there. However, it becomes less attractive when the suburbs become densely built and getting to and from work wipes out 3 hours of your day. It becomes less attractive when gasoline prices hover at over $3/gallon. It becomes less attractive when the Sunday mechanic you moved away from 20 years ago moves in next door. Suburban pioneers in Kendall and Pembroke Pines can attest.

Population density has the opposite effect in urban areas. The more an urban area is filled in and built up, the more crowded sidewalks start to feel safe and alive. The more people feel safe and alive, the more people move into urban areas. The more people move into urban areas, the more people available to support shops, restaurants, retail destinations, art galleries, etc, etc, etc.

So what’s going to happen to

suburbs.jpg ?

No one knows for sure. However, if the experiences of other cities that have already experienced reverse white flight serve as precedent, there is nothing good in store for

suburbs.jpg

Most of the homes in these types of communities will sell at rock-bottom prices to displaced lower-income families. Single-family residences will then be broken into multi-family living arrangements in order to make ends meet. It’s happening already. So, what do you think will happen to schools? Safety? Poverty? Quality of life? Social dysfunction?

Sound familiar? The same issues urban areas have dealt with as a result of white flight beginning in the 60s are the very same issues new age suburbs will have to deal with from here on out.

The big difference is this: many of the structures left behind in the 1960s that were eventually turned into multi-family apartments were sturdily built and as a result have been able to withstand the abuse that was handed to them. If you drive through certain parts of Little Havana, Shenandoah, Wynwood, Buena Vista, Spring Garden, etc. you can see what young urban professionals are doing to these architectural gems. Furthermore, when neighborhoods were developed in the local housing boom of the 1920s, they weren’t developed with the automobile in mind. They were developed with people in mind (what a concept). Therefore, the infrastructure, walkable street grids, mixed uses and self-sustainability have always been in place. We have something to play with. It only needs to be tweaked and improved.

The same can’t be said of properties built in the 80s, 90s and today. The structural integrity of most of those structures are questionable at best. The abuse will be handed. However, drywall and cheap framing just doesn’t hold up as well as concrete block. Infrastructure in the suburbs? It wasn’t created to support the dense development that urbanization would require. Upgrading it so that it does is almost impossible. The results will be devastating.

The next time you’re sitting in front of the tube and the media talks to you about this

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scream right back: “Yo, how about this? What are we going to do about this?”

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I have an idea. How about condemnation and reforestation? Let’s give some back to the wildlife in the Everglades. Maybe keep some for our personal use and become mother nature’s son. How do you think that would sit with local politicians?

Relax, suburbanites. It’s only wishful thinking on my part. Once the suburban landscape is built, it is impossible to unbuild.

However, we already witnessed the perils of white flight in urban areas. Should we just sit around and let the same thing happen to our suburbs?

Adrian Salgado is a Realtor Associate with RED I Realty in Miami, FL and can be reached at 305-491-7179 or SalgadoA@gmail.com.

Categories: Suburbs
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