1040 SW 4th St Unit 5 Miami, FL 33130
Riverside NeighborhoodEstimated Value: $207,784 - $352,000
2
Beds
1
Bath
659
Sq Ft
$232/mo
HOA Fee
Highlights
- Impact Glass
- Views
- Central Heating and Cooling System
- Concrete Block With Brick
- Tile Flooring
- 5-minute walk to Ernesto Lecuona Park
About This Home
As of May 2022These 6 units building built in 1964 was renovated in 2006 and the last recertification was done in 2017. The building is self-managed by the owner who owns 4 units. Unit 1 is rented for $1,250/m Unit 2 is rented for $1,300/m Unit 3 is rented for $1,325/m and unit 5 is rented for $1,250. All the tenants are on month to month and the rents are below market value. Several windows are impact. Low HOA fee: $232/m. There is about $6,000 in reserve. Available for bulk purchase. The building is located about 10min to Brickell, 20min to the beach and 10min to the airport.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,992
Year Built
- Built in 1964
HOA Fees
- $232 Monthly HOA Fees
Parking
- 1 Car Parking Space
Home Design
- Concrete Block With Brick
- Concrete Block And Stucco Construction
Interior Spaces
- 659 Sq Ft Home
- 2-Story Property
- Tile Flooring
- Gas Range
- Property Views
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
- Shower Only
Home Security
Additional Features
- West of U.S. Route 1
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 01-41-02-063-0050
Community Details
Overview
- The Edges At 4Th Condo
- The Edges At 4Th St Condo Subdivision
Pet Policy
- Breed Restrictions
Additional Features
- Laundry Facilities
- Impact Glass
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 18, 2022
Closed on
May 24, 2022
Sold by
Mar Violeta Llc
Bought by
Farajzadeh Mohammed H and Nowbakht Shifteh
Seller's Agent
Jerome Morlot
EXP Realty LLC
Buyer's Agent
Shifteh Nowbakht
MLSN Realty
List Price
$185,000
Sold Price
$760,000
Premium/Discount to List
$575,000
310.81%
Total Days on Market
8
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$510,304
Avg. Annual Appreciation
-33.98%
Purchase Details
Closed on
Apr 3, 2020
Sold by
The Edges At 4 St Llc
Bought by
Mar Violeta Llc
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Farajzadeh Mohammed H | $760,000 | San Carlos Title | |
| Mar Violeta Llc | $560,000 | San Carlos Title Svcs Inc |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/24/2022 05/24/22 | Sold | $760,000 | +310.8% | $1,153 / Sq Ft |
| 04/27/2022 04/27/22 | Pending | -- | -- | -- |
| 04/18/2022 04/18/22 | For Sale | $185,000 | -- | $281 / Sq Ft |
Source: MIAMI REALTORS® MLS
Tax History Compared to Growth
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 | $3,022 | $147,000 | -- | -- |
| 2023 | $3,022 | $147,000 | $0 | $0 |
| 2022 | $2,090 | $101,379 | $0 | $0 |
| 2021 | $1,992 | $93,739 | $0 | $0 |
| 2020 | $1,810 | $93,739 | $0 | $0 |
| 2019 | $1,678 | $89,275 | $0 | $0 |
| 2018 | $1,530 | $86,675 | $0 | $0 |
| 2017 | $1,344 | $60,537 | $0 | $0 |
| 2016 | $1,214 | $55,034 | $0 | $0 |
| 2015 | $1,144 | $50,031 | $0 | $0 |
| 2014 | $1,100 | $45,483 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Jerome Morlot
Seller's Agent in 2022
Jerome Morlot
EXP Realty LLC
(786) 564-7790
1 in this area
31 Total Sales
-
Shifteh Nowbakht
S
Buyer's Agent in 2022
Shifteh Nowbakht
MLSN Realty
(305) 720-8365
1 in this area
6 Total Sales
Map
Source: MIAMI REALTORS® MLS
MLS Number: A11191081
APN: 01-4102-063-0050
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