NOT LISTED FOR SALE

Estimated Value: $238,000 - $265,000

-- Bed
1 Bath
408 Sq Ft
$594/mo HOA Fee

Last Sold January 11, 2023

Last sale price $215,000 $527 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $2,199/month

10 Days on Market

Highlights

  • Intercom to Front Desk
  • Porch
  • Cooling Available
  • Wood Flooring
  • Eat-In Kitchen
  • Intercom Access

About This Home

As of January 2023

In the Heart of South Beach this large corner studio with walk-in closet and a large kitchen. Enjoy the perfect beach pad steps away from Lincoln Road, top South Beach restaurants, museums, shopping, and the beach. Just minutes away from Whole foods and much more!
Ken Mae is a very well maintained and desirable boutique condo in South Beach. Perfect as first residence or second home at the beach & as investment as the location is perfect for long lasting tenants.
The buildiing pass the 40 years recertification

Last Agent to Sell the Property

Marco Tine

Serhant License #3335945 Listed on: 12/09/2022

Serhant

Last Buyer's Agent

Jose De Leon

Zephien Brokerage, LLC License #3544902

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,243

Year Built

  • Built in 1939

HOA Fees

  • $594 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • 1 Full Bathroom
  • 408 Sq Ft Home
  • 3-Story Property
  • Partially Furnished
  • Wood Flooring
  • Intercom Access

Kitchen

  • Eat-In Kitchen
  • Microwave
  • Dishwasher

Parking

  • On-Street Parking
  • Open Parking

Schools

  • South Miami Elementary And Middle School
  • South Miami High School

Utilities

  • Cooling Available
  • Heating Available

Additional Features

  • Porch
  • Southwest Facing Home

Listing and Financial Details

  • Assessor Parcel Number 02-32-34-161-0070

Community Details

Overview

  • Low-Rise Condominium
  • Ken Mae Garden Condo
  • Ken Mae Garden Condo Subdivision

Amenities

  • Laundry Facilities
  • Intercom to Front Desk

Pet Policy

  • No Pets Allowed

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,243

Year Built

Built in 1939

Lot Details

0

HOA Fees

$594 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1939
  • Property Sub Type: Condominium
  • Entry Level: 2
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 1-4 Stories, Condo
  • Subdivision Name: KEN MAE GARDEN CONDO
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Microwave, Refrigerator
  • Interior Amenities: Second Floor Entry
  • Full Bathrooms: 1
  • Flooring: Wood
  • Furnished: Partially Furnished
  • Living Area: 408
  • Other Equipment: Intercom
  • Possible Use: Investment
  • Stories: 3
  • Bedroom Features: None
  • Dining Room Features: Eat-In Kitchen

Exterior Features

  • View: None
  • Exterior Features: None
  • Direction Faces: Southwest
  • Patio And Porch Features: Open Porch
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: KEN MAE GARDEN CONDO
  • Open Parking: Yes
  • Parking Features: None, On Street

Utilities

  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Security: Smoke Detector, Fire Alarm, Intercom In Lobby

Condo/Co-op/Association

  • Association Fee: 594
  • Amenities: Laundry
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Schools

  • Elementary School: South Miami
  • High School: South Miami
  • Middle Or Junior School: South Miami

Lot Info

  • Parcel Number: 02-32-34-161-0070
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: No

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 2243

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 9, 2022
Closed on
Jan 11, 2023
Sold by
Chaman Nicole M Parker and Chaman Stanley O
Bought by
Ludita Investments Llc
Seller's Agent
Marco Tine
Serhant
Buyer's Agent
Jose De Leon
Zephien Brokerage, LLC
List Price
$225,000
Sold Price
$215,000
Premium/Discount to List
-$10,000
-4.44%
Views
27
Current Estimated Value
$249,227

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,227
Avg. Annual Appreciation
5.52%

Purchase Details

Listed on
Feb 5, 2014
Closed on
Jul 14, 2014
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Chaman Stanley O and Chaman Nicole M Parker
Seller's Agent
Jose Fente
Tropical Realty, Inc.
Buyer's Agent
Richard Wood
Solutions RE, LLC
List Price
$182,560
Sold Price
$140,000
Premium/Discount to List
-$42,560
-23.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.18%

Purchase Details

Closed on
Dec 16, 2013
Sold by
Bank Of America Na
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Dec 2, 2013
Sold by
Derewenko Kelly
Bought by
Bac Home Loans Servicing Lp

Purchase Details

Closed on
Mar 2, 2006
Sold by
Besu Jorge L
Bought by
Derewenko Kelly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,200
Interest Rate
6.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 21, 2005
Sold by
Jjh Investments Inc
Bought by
Besu Jorge L
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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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
Ludita Investments Llc $215,000 Sunbelt Title
Chaman Stanley O $140,000 Attorney
Federal Home Loan Mortgage Corporation -- Attorney
Bac Home Loans Servicing Lp $118,400 None Available
Derewenko Kelly $189,000 Titlemax Corp
Besu Jorge L $40,000 Titlemax Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Derewenko Kelly $151,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/11/2023 01/11/23 Sold $215,000 -4.4% $527 / Sq Ft
12/20/2022 12/20/22 Pending -- -- --
12/09/2022 12/09/22 For Sale $225,000 0.0% $551 / Sq Ft
11/30/2020 11/30/20 Rented $1,150 -8.0% --
11/19/2020 11/19/20 Under Contract -- -- --
10/24/2020 10/24/20 Price Changed $1,250 -3.8% $3 / Sq Ft
08/07/2020 08/07/20 For Rent $1,300 -7.1% --
03/05/2018 03/05/18 Rented $1,400 0.0% --
12/11/2017 12/11/17 For Rent $1,400 +16.7% --
10/11/2017 10/11/17 Rented $1,200 -14.3% --
07/10/2017 07/10/17 Price Changed $1,400 -6.7% $3 / Sq Ft
06/05/2017 06/05/17 For Rent $1,500 0.0% --
07/14/2014 07/14/14 Sold $140,000 -10.3% $343 / Sq Ft View Prior Sale
06/16/2014 06/16/14 Pending -- -- --
05/08/2014 05/08/14 Price Changed $156,000 -2.4% $382 / Sq Ft
04/08/2014 04/08/14 Price Changed $159,900 -5.9% $392 / Sq Ft
03/10/2014 03/10/14 Price Changed $169,900 -6.9% $416 / Sq Ft
02/05/2014 02/05/14 For Sale $182,560 -- $447 / 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
2025 $3,410 $181,440 -- --
2024 $2,682 $181,440 -- --
2023 $2,682 $130,922 $0 $0
2022 $2,243 $119,020 $0 $0
2021 $2,089 $108,200 $0 $0
2020 $2,182 $112,700 $0 $0
2019 $2,184 $112,700 $0 $0
2018 $2,409 $128,111 $0 $0
2017 $2,440 $128,111 $0 $0
2016 $2,326 $119,730 $0 $0
2015 $2,372 $119,730 $0 $0
2014 $1,802 $88,690 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11312813

MIAMI REALTORS® MLS

APN: 02-3234-161-0070