$530,000
SOLD JUN 24, 2019

1061 Michigan Ave Unit 1 Miami Beach, FL 33139

Flamingo Neighborhood
2 Beds
2.5 Baths
1,278 Sq Ft
$574/mo HOA Fee

Recently Sold

$415 Per Sq Ft

12% Below List Price

75 Days on Market

Highlights

  • Garden View
  • Community Barbecue Grill
  • 1 Car Garage
  • Patio
  • Central Heating and Cooling System
  • 3-minute walk to Flamingo Park

About This Home

As of August 2024

Centrally located 2 bed/ 2 bath + powder room in a spectacular remodeled Art Deco residence. One of four exclusive townhouses in the heart of South Beach ! With 400 sqft of private patio space, 1 assigned parking, brand new appliances, brand new AC unit, full washer/dryer, this unit is steps away from the Flamingo Park, which offers a community pool, and several tennis court. Walking distance to the beach, Lincoln road, world-class restaurants, and bars. This pet-friendly condo is your perfect "pied a terre"

Last Agent to Sell the Property

Daniela Pellicciotti

Condoideas Realty Group LLC License #3126890 Listed on: 03/07/2019

Last Buyer's Agent

Jamey Prezzi

EXP Realty, LLC License #3189137

EXP Realty, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,917

Year Built

  • Built in 1940

HOA Fees

  • $574 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Assigned Parking

Home Design

  • Garden Apartment
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,278 Sq Ft Home
  • 2-Story Property
  • Parquet Flooring
  • Garden Views
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom Upstairs

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Patio

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 02-42-03-332-0010

Community Details

Overview

  • Casa 40 Condo
  • Casa 40 Condo Subdivision

Amenities

  • Community Barbecue Grill

Pet Policy

  • Breed Restrictions

Building Details

Security

  • Phone Entry
  • Complex Is Fenced

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,917

Year Built

Built in 1940

Lot Details

0

HOA Fees

$574 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1940
  • Property Sub Type: Condominium
  • Architectural Style: Garden Apartment
  • Entry Level: 1
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 1-4 Stories, Condo
  • Subdivision Name: CASA 40 CONDO
  • Year Built Details: Resale
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Water Heater, Refrigerator, Washer
  • Interior Amenities: First Floor Entry
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Parquet
  • Furnished: Unfurnished
  • Living Area: 1278
  • Possible Use: Primary
  • Stories: 2
  • Bedroom Features: Master Bedroom Upstairs

Exterior Features

  • View: Garden View
  • Construction Type: CBS Construction
  • Patio And Porch Features: Patio
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: CASA 40 CONDO
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space, Assigned

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Complex Fenced, Phone Entry

Condo/Co-op/Association

  • Association Fee: 574
  • Amenities: Barbecue
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-42-03-332-0010
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Maintenance Expense: 574

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 5917

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2024
Closed on
Aug 21, 2024
Sold by
Damura Richard A
Bought by
Fishman Mark A and Fishman Ambar C
Seller's Agent
Ognjen Prezzi
EXP Realty, LLC
Buyer's Agent
Wendi Rosen
Keller Williams Realty Miami Beach
List Price
$899,000
Sold Price
$807,500
Premium/Discount to List
-$91,500
-10.18%
Total Days on Market
75
Views
14
Current Estimated Value
$818,050

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,550
Avg. Annual Appreciation
1.70%
Original Mortgage
$565,250
Outstanding Balance
$557,021
Interest Rate
6.47%
Mortgage Type
New Conventional
Estimated Equity
$261,029

Purchase Details

Listed on
Mar 7, 2019
Closed on
Jun 24, 2019
Sold by
Varsi Dario and Tornei Alice Anna
Bought by
Amura Richard A D
Seller's Agent
Daniela Pellicciotti
Condoideas Realty Group LLC
Buyer's Agent
Jamey Prezzi
EXP Realty, LLC
List Price
$599,000
Sold Price
$530,000
Premium/Discount to List
-$69,000
-11.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.49%
Original Mortgage
$330,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 12, 2012
Closed on
Sep 28, 2012
Sold by
Smith Nicholas T
Bought by
Varsi Dario and Tomei Alice Anna
Seller's Agent
John Sandberg
Compass Florida, LLC.
Buyer's Agent
Todd Nordstrom
Compass Florida, LLC.
List Price
$412,500
Sold Price
$412,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.78%
Original Mortgage
$300,800
Interest Rate
3.68%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 31, 2008
Sold by
Ricke Thomas G
Bought by
Smith Nicholas T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,000
Interest Rate
6.37%
Mortgage Type
Unknown
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 $807,500 Allied Title Group
Warranty Deed $530,000 Clear Title Services Inc
Warranty Deed $412,500 Attorney
Condominium Deed $510,000 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $565,250 New Conventional
Previous Owner $330,000 New Conventional
Previous Owner $300,800 New Conventional
Previous Owner $408,000 Unknown
Previous Owner $100,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2024 08/23/24 Sold $807,500 -4.9% $632 / Sq Ft
07/09/2024 07/09/24 Price Changed $849,000 -5.6% $664 / Sq Ft
05/28/2024 05/28/24 For Sale $899,000 +69.6% $703 / Sq Ft
06/24/2019 06/24/19 Sold $530,000 -0.9% $415 / Sq Ft
05/18/2019 05/18/19 Pending -- -- --
04/03/2019 04/03/19 Price Changed $535,000 -2.7% $419 / Sq Ft
03/18/2019 03/18/19 Price Changed $550,000 -8.2% $430 / Sq Ft
03/04/2019 03/04/19 For Sale $599,000 +45.2% $469 / Sq Ft
09/26/2012 09/26/12 Sold $412,500 0.0% $323 / Sq Ft
07/31/2012 07/31/12 Pending -- -- --
07/12/2012 07/12/12 For Sale $412,500 -- $323 / 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 $7,663 $460,037 -- --
2023 $7,663 $446,638 $0 $0
2022 $7,373 $433,630 $0 $0
2021 $7,339 $421,000 $0 $0
2020 $7,361 $421,000 $0 $0
2019 $6,233 $362,445 $0 $0
2018 $5,917 $355,687 $0 $0
2017 $5,857 $348,372 $0 $0
2016 $5,840 $341,207 $0 $0
2015 $5,913 $338,836 $0 $0
2014 $6,013 $336,147 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10630533

MIAMI REALTORS® MLS

APN: 02-4203-332-0010