$800,000
SOLD NOV 2, 2018
3 Beds
2 Baths
1,715 Sq Ft
$1,196/mo HOA Fee

Recently Sold

$466 Per Sq Ft

5% Below List Price

61 Days on Market

Highlights

  • Doorman
  • Lake View
  • Community Pool
  • Key Biscayne K-8 Center Rated A-
  • Marble Flooring
  • Tennis Courts

About This Home

As of November 2018

Magnificent unit at Key Colony Botanica. Two bedroom plus a custom made den and an additional bonus room that can be useful for an office, extra storage or maids quarters. Very well maintained, breakfast nook and built-ins. A great opportunity to combine leisure and Investment. Unit is located on the third floor overlooking beautiful lush gardens and a lake. This unit is a part of a selected group that allows owners to do short term rentals. Walk to the beach, gated complex, 24-hr Security.

Last Agent to Sell the Property

Monica Penagos

One Sotheby's International Realty License #3139143 Listed on: 08/09/2018

One Sotheby's International Realty

Last Buyer's Agent

Geraldine Morales

MMLS Assoc.-Inactive Member License #0360225

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,635

Year Built

  • Built in 1981

HOA Fees

  • $1,196 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Secured Garage or Parking

Home Design

  • Garden Apartment
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,715 Sq Ft Home
  • Built-In Features
  • Combination Dining and Living Room
  • Den
  • Marble Flooring
  • Video Cameras
  • Washer

Kitchen

  • Eat-In Kitchen
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Dual Sinks

Additional Features

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

Listing and Financial Details

  • Assessor Parcel Number 24-42-32-024-2690

Community Details

Overview

  • 291 Units
  • Botanica Condos
  • Key Colony Iv Subdivision
  • The community has rules related to no recreational vehicles or boats, no trucks or trailers
  • 5-Story Property

Recreation

Pet Policy

  • Breed Restrictions

Building Details

Additional Features

  • Doorman
  • Security Guard

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,635

Year Built

Built in 1981

Lot Details

0

HOA Fees

$1,196 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1981
  • Property Sub Type: Condominium
  • Architectural Style: Garden Apartment
  • Entry Level: 3
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: Key Colony IV
  • Year Built Details: Unknown
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Washer
  • Interior Amenities: Built-in Features, Other, Den/Library/Office
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Marble
  • Furnished: Unfurnished
  • Living Area: 1715
  • Possible Use: Unknown/Withheld
  • Stories: 5
  • Bedroom Features: Other
  • Dining Room Features: Dining/Living Room, Eat-In Kitchen
  • Living Room Features: Den/Library/Office
  • Master Bathroom Features: Dual Sinks

Exterior Features

  • View: Lake
  • Exterior Features: East Of Us1, Other
  • Construction Type: CBS Construction, Other
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Park Building Name: Botanica
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: Covered, No Rv/Boats, No Trucks/Trailers

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Doorman, Secured Garage/Parking, Guard At Site, Other, TV Camera

Condo/Co-op/Association

  • Association Fee: 1196
  • Amenities: Pool, Tennis Court(s)
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 24-42-32-024-2690
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Maintenance Expense: 1196
  • Number Of Units In Community: 291
  • Number Of Units Total: 298

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 10635

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 14, 2021
Sold by
Bek Properties Llc
Bought by
Patini Investments Llc
Current Estimated Value
$1,358,853

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$710,125
Outstanding Balance
$662,783
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$691,503

Purchase Details

Listed on
Aug 9, 2018
Closed on
Nov 2, 2018
Sold by
Cadaques Llc
Bought by
Bek Properties Llc
Seller's Agent
Monica Penagos
One Sotheby's International Realty
Buyer's Agent
Geraldine Morales
MMLS Assoc.-Inactive Member
List Price
$845,000
Sold Price
$800,000
Premium/Discount to List
-$45,000
-5.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.26%

Purchase Details

Closed on
Sep 30, 2013
Sold by
Gould Investments Llc
Bought by
Cadaques Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
5.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
May 3, 2011
Closed on
Aug 14, 2012
Sold by
Leanora V Rocha Tr
Bought by
Gould Investments Llc
Seller's Agent
Tomas De Mello
Tom De Mello Real Estate Services
Buyer's Agent
Martina San Miguel
Universal Fidelity Group
List Price
$509,000
Sold Price
$509,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.93%

Purchase Details

Closed on
Feb 7, 2001
Sold by
Paulo and Rocha Leanora V
Bought by
Rocha Lenora

Purchase Details

Closed on
Dec 1, 1993
Sold by
Anderson Kenneth M and Anderson Janice W
Bought by
Araujo Da Rocha Paulo Murillo and Rocha Leanora Verrigni

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.75%
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 Type Sale Price Title Company
Warranty Deed $1,295 Bryn & Associates Pa
Warranty Deed $800,000 Attorney
Warranty Deed $775,000 Attorney
Deed $509,000 --
Warranty Deed -- --
Warranty Deed $340,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $710,125 New Conventional
Previous Owner $325,000 Adjustable Rate Mortgage/ARM
Previous Owner $150,000 Credit Line Revolving
Previous Owner $200,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/02/2018 11/02/18 Sold $800,000 -5.3% $466 / Sq Ft
10/08/2018 10/08/18 Pending -- -- --
08/08/2018 08/08/18 For Sale $845,000 0.0% $493 / Sq Ft
10/30/2015 10/30/15 Rented $5,350 -9.3% --
09/30/2015 09/30/15 Under Contract -- -- --
06/02/2015 06/02/15 For Rent $5,900 0.0% --
08/27/2012 08/27/12 Sold $509,000 0.0% $284 / Sq Ft
04/30/2012 04/30/12 Pending -- -- --
05/03/2011 05/03/11 For Sale $509,000 -- $284 / 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 $14,229 $939,966 -- --
2023 $14,229 $854,515 $0 $0
2022 $12,548 $776,832 $0 $0
2021 $9,994 $595,000 $0 $0
2020 $9,824 $595,000 $0 $0
2019 $11,007 $665,000 $0 $0
2018 $12,117 $779,762 $0 $0
2017 $11,078 $672,551 $0 $0
2016 $10,110 $611,410 $0 $0
2015 $9,860 $560,461 $0 $0
2014 $8,811 $509,510 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10518020

MIAMI REALTORS® MLS

APN: 24-4232-024-2690