NOT LISTED FOR SALE

Estimated Value: $969,000 - $1,212,000

2 Beds
2 Baths
1,600 Sq Ft
$1,057/mo HOA Fee

Last Sold November 29, 2012

Last sale price $410,000 $256 Per Sq Ft

Est. 165% increase in value since last sale

Current estimated payment $7,627/month

70 Days on Market

Highlights

  • Property has ocean access
  • Fitness Center
  • Waterfront
  • Key Biscayne K-8 Center Rated A-
  • Intercom to Front Desk
  • Balcony

About This Home

As of November 2012

BANK OWNED 2 BR + DEN. MUST HAVE PROOF OF FUNDS & OR LOAN COMMITMENT. OFFERS ARE SUBJECT TO BANKS SENIOR MANAGEMENT APPROVAL & ANY OFFERS OR COUNTER OFFERS BY BANK ARE NOT BINDING UNLESS THE ENTIRE AGREEMENT IS RATIFIED BY ALL PARTIES. SELLER WILL PAY FOR BUYERS TITLE POLICY IF SELLERS TITLE COMPANY IS SELECTED PRIOR TO CONTRACT, $75 DOCUMENT REVIEW FEE PAID BY BUYER TO SELLER ON HUD. ONLY "AS-IS" & "WHERE-IS" CONTRACTS. BUYER TO PAY SPECIAL ASSESSMENT AFTER CLOSE. SEE ATTACHMENTS FOR OFFER INSTRUCTIONS.

Last Agent to Sell the Property

Toby Spill

MMLS Assoc.-Inactive Member License #3010766 Listed on: 08/15/2012

Last Buyer's Agent

Page Latterner

Keys Gate Realty, Inc. License #3003610

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,994

Year Built

  • Built in 1981

HOA Fees

  • $1,057 Monthly HOA Fees

Parking

  • 1 Car Garage

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,600 Sq Ft Home
  • 4-Story Property
  • Entrance Foyer
  • Tile Flooring
  • Property Views

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms

Home Security

Outdoor Features

  • Property has ocean access

Additional Features

  • East of U.S. Route 1
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 24-42-32-024-2630

Community Details

Overview

  • Low-Rise Condominium
  • Key Colony 4 Condos
  • Key Colony Subdivision

Amenities

  • Trash Chute
  • Intercom to Front Desk

Recreation

  • Community Playground

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Building Details

Security

  • Security Guard
  • Secure Elevator
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,994

Year Built

Built in 1981

Lot Details

0

HOA Fees

$1,057 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1981
  • Property Sub Type: Condominium
  • Entry Level: 1
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Deeded Beach Access
  • Unit Levels: 0
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 1-4 Stories, Condo
  • Subdivision Name: KEY COLONY
  • Year Built Details: Resale
  • ResoPropertyType: Residential
  • Special Features: RealEstateOwned

Interior Features

  • Appliances: Dishwasher, Electric Range
  • Interior Amenities: First Floor Entry, Entrance Foyer, Split Bedroom
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Entry Location: Foyer
  • Flooring: Tile
  • Furnished: Unfurnished
  • Living Area: 1600
  • Possible Use: Primary
  • Stories: 4
  • Window Features: Hurricane Shutters
  • Bedroom Features: Entry Level

Exterior Features

  • View: Other View
  • Exterior Features: East Of Us1, Open Balcony, Tennis Court(s)
  • Construction Type: CBS Construction
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: KEY COLONY 4
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Smoke Detector, Elevator Secure, Guard At Site, Intercom In Lobby

Condo/Co-op/Association

  • Association Fee: 1057
  • Amenities: Exercise Room, Child Play Area, Tennis Court(s), Trash Chute
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 24-42-32-024-2630
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Maximum 20 Lbs

Multi Family

  • Maintenance Expense: 1057

Tax Info

  • Tax Year: 2011
  • Tax Annual Amount: 4994

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2012
Closed on
Nov 16, 2012
Sold by
Deutsche Bank National Trust Company
Bought by
Bramson Matthew Ec and Pema Jennifer L
Seller's Agent
Toby Spill
MMLS Assoc.-Inactive Member
Buyer's Agent
Page Latterner
Keys Gate Realty, Inc.
List Price
$410,000
Sold Price
$410,000
Current Estimated Value
$1,085,579

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$675,579
Avg. Annual Appreciation
8.37%
Original Mortgage
$307,500
Interest Rate
3.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 24, 2012
Sold by
Mauri Jaime
Bought by
Indymac Federal Bank Fsb

Purchase Details

Closed on
Sep 1, 2011
Sold by
Mauri Jaime
Bought by
Asiaven Llc

Purchase Details

Closed on
Dec 18, 2001
Sold by
Margaret Mauri
Bought by
Mauri Jaime and Mauri Margaret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 21, 2000
Sold by
Fininvest America Corp
Bought by
Mauri Margaret

Purchase Details

Closed on
Jun 16, 1998
Sold by
Botanica Development
Bought by
Fininvest America Corp
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Bramson Matthew Ec $410,000 Attorney
Indymac Federal Bank Fsb $331,400 None Available
Asiaven Llc $19,800 None Available
Mauri Jaime $100 --
Mauri Margaret $285,000 --
Fininvest America Corp $250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bramson Matthew C $247,835
Closed Bramson Matthew Ec $307,500
Previous Owner Mauri Jaime $600,000
Previous Owner Mauri Jaime $75,000
Previous Owner Mauri Jaime $90,000
Previous Owner Fininvest America Corp $275,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/29/2012 11/29/12 Sold $410,000 0.0% $256 / Sq Ft
10/25/2012 10/25/12 Pending -- -- --
08/15/2012 08/15/12 For Sale $410,000 -- $256 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,264 $438,557 -- --
2023 $6,264 $425,784 $0 $0
2022 $6,142 $413,383 $0 $0
2021 $6,160 $401,343 $0 $0
2020 $5,888 $395,802 $0 $0
2019 $5,755 $386,904 $0 $0
2018 $5,448 $379,690 $0 $0
2017 $5,375 $371,881 $0 $0
2016 $5,379 $364,233 $0 $0
2015 $5,458 $361,702 $0 $0
2014 $5,540 $358,832 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A1677426

MIAMI REALTORS® MLS

APN: 24-4232-024-2630