NOT LISTED FOR SALE

Islander Condominium 1255 Collins Ave Unit 502 Miami Beach, FL 33139

Lummus Park Neighborhood

Estimated Value: $321,218 - $352,000

1 Bed
1 Bath
622 Sq Ft
$532/mo HOA Fee

Last Sold August 31, 2023

Last sale price $315,000 $506 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $2,743/month

61 Days on Market

Highlights

  • Fitness Center
  • Community Pool
  • Cooling System Mounted To A Wall/Window
  • Intercom to Front Desk
  • High Impact Windows
  • 5-minute walk to Lummus Park

About This Home

As of August 2023

Large 622 SF studio converted into one junior bedroom apartment. enjoy to live one block from the beach. One of a kind building in Miami Beach with a rooftop pool with prime view of the ocean and the i=city. Perfect location to enjoy to enjoy all the events that Miami Beach has to offer. Laundry facilities in every floor. One assigned parking space. This building has a modern gym, storage bikes and high impact doors and windows. Tenant occupied month to month, 24hr notice for showings.

Last Agent to Sell the Property

Joyce Parra

Cervera Real Estate Inc. License #3339529 Listed on: 05/31/2023

Cervera Real Estate Inc.

Last Buyer's Agent

Jordan Millman

West Avenue Realty License #3098901

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,570

Year Built

  • Built in 1965

HOA Fees

  • $532 Monthly HOA Fees

Parking

  • 1 Car Garage

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 622 Sq Ft Home
  • Combination Dining and Living Room
  • Tile Flooring
  • Electric Range
  • Property Views

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Home Security

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Additional Features

  • Accessible Elevator Installed
  • Fenced
  • East of U.S. Route 1

Listing and Financial Details

  • Assessor Parcel Number 02-32-34-055-0240

Community Details

Overview

  • Mid-Rise Condominium
  • Islander Condo
  • Islander Condo Subdivision
  • 10-Story Property

Amenities

  • Laundry Facilities
  • Intercom to Front Desk
  • Elevator

Recreation

Pet Policy

  • Breed Restrictions

Security

  • Card or Code Access
  • Complex Is Fenced
  • High Impact Windows
  • High Impact Door

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,570

Year Built

Built in 1965

Lot Details

0

HOA Fees

$532 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1965
  • Property Sub Type: Condominium
  • Entry Level: 5
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: ISLANDER CONDO
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Electric Range, Refrigerator
  • Interior Amenities: Elevator
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Door Features: High Impact Doors
  • Flooring: Tile
  • Furnished: Unfurnished
  • Living Area: 622
  • Possible Use: Primary
  • Stories: 10
  • Window Features: High Impact Windows
  • Bedroom Features: Entry Level
  • Dining Room Features: Dining/Living Room

Exterior Features

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

Garage/Parking

  • Park Building Name: ISLANDER CONDO
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Window/Wall
  • Heating Yn: Yes
  • Security: Complex Fenced, Card Entry, Intercom In Lobby

Condo/Co-op/Association

  • Association Fee: 532
  • Amenities: Laundry, Elevator(s), Exercise Room, Pool
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-32-34-055-0240
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: No, Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 3570

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2023
Closed on
Aug 31, 2023
Sold by
Cabrera Linda Elizondo
Bought by
Trimi Eldi
Seller's Agent
Joyce Parra
Cervera Real Estate Inc.
Buyer's Agent
Jordan Millman
West Avenue Realty
List Price
$329,000
Sold Price
$315,000
Premium/Discount to List
-$14,000
-4.26%
Views
111
Current Estimated Value
$334,305

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,305
Avg. Annual Appreciation
5.87%
Original Mortgage
$236,250
Outstanding Balance
$231,657
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$121,821

Purchase Details

Closed on
Dec 15, 2010
Sold by
Elizondo Hilda
Bought by
Elizondo Eduardo J and Elizondo Hilda
Source: Public Records

Range of Values:

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Average Value
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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
Trimi Eldi $315,000 Nu World Title
Elizondo Eduardo J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Trimi Eldi $236,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2023 08/31/23 Sold $315,000 -4.3% $506 / Sq Ft
08/01/2023 08/01/23 Pending -- -- --
05/31/2023 05/31/23 For Sale $329,000 -- $529 / 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 $4,845 $257,830 -- --
2024 $4,051 $257,830 -- --
2023 $4,051 $209,000 $0 $0
2022 $3,570 $190,000 $0 $0
2021 $3,871 $197,230 $0 $0
2020 $3,471 $179,300 $0 $0
2019 $3,899 $229,900 $0 $0
2018 $3,527 $223,233 $0 $0
2017 $3,256 $152,427 $0 $0
2016 $2,992 $138,570 $0 $0
2015 $2,676 $125,973 $0 $0
2014 $2,451 $114,521 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Joyce Parra

    Seller's Agent in 2023

    Joyce Parra

    Cervera Real Estate Inc.

    (786) 444-2096

    4 in this area

    34 Total Sales

    Joyce Parra
    Section Image
  • Jordan Millman

    Buyer's Agent in 2023

    Jordan Millman

    West Avenue Realty

    (305) 926-2166

    1 in this area

    75 Total Sales

    Jordan Millman
    Section Image
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About Islander Condominium

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11396050

MIAMI REALTORS® MLS

APN: 02-3234-055-0240

Florida Miami/Dade County Miami Beach 33139 Lummus Park

1255 Collins Ave Unit 502, Miami Beach, FL

This home is located at 1255 Collins Ave Unit 502, Miami Beach, FL 33139 since 31 May 2023 and is currently estimated at $334,305, approximately $537 per square foot. This property was built in 1965. 1255 Collins Ave Unit 502 is a home located in Miami-Dade County with nearby schools including Fienberg-Fisher K-8 Center, Nautilus Middle School, and Miami Beach Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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