NOT LISTED FOR SALE

Estimated Value: $210,000 - $258,000

Studio
1 Bath
430 Sq Ft
$541/Sq Ft Est. Value

Last Sold April 09, 2024

Last sale price $250,000 $581 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $1,891/month

117 Days on Market

Highlights

  • Garden View
  • Cooling System Mounted To A Wall/Window
  • Studio bedroom
  • South Pointe Elementary School Rated 9+
  • Courtyard
  • 2-minute walk to Washington Dog Park & Annex

About This Home

As of April 2024

UPDATED STUDIO LOCATED IN PRIME RESIDENTIAL NEIGHBORHOOD KNOWS AS "SOUTH OF FIFTH" JUST 2 BLOCKS AWAY FROM THE OCEAN! WALK TO RESTAURANTS, BARS, BEACH, PARK AND ALL THAT SOUTH BEACH HAS TO OFFER. GREAT INCOME PROPERTY THAT RENTS EASILY! COLLECTS ABOUT $1,900 PER MONTH. NO SHORT TERM RENTALS ALLOWED. BROKER IS SELLING 2 MORE UNITS IN THE BUILDING. PLEASE CALL FOR MORE INFORMATION.

Last Agent to Sell the Property

Martin Urruela

Marela Properties, LLC License #3258808 Listed on: 08/17/2023

Last Buyer's Agent

Gary Feinberg

Compass Florida, LLC License #3272684

Compass Florida, LLC

Property Details

Home Type

  • Co-Op

Est. Annual Taxes

  • $2,538

Year Built

  • Built in 1950

HOA Fees

  • $400 Monthly HOA Fees

Home Design

  • Garden Apartment
  • Entry on the 2nd floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 430 Sq Ft Home
  • 2-Story Property
  • Tile Flooring
  • Garden Views
  • Fire and Smoke Detector
  • Gas Range

Bedrooms and Bathrooms

  • Studio bedroom
  • 1 Full Bathroom

Parking

  • On-Street Parking
  • Open Parking

Outdoor Features

  • Courtyard
  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 02-42-03-088-0180

Community Details

Overview

  • 36 Units
  • Ocean Terrace Condos
  • Ocean Terrace Co Op Apts Subdivision

Amenities

  • Community Barbecue Grill
  • Laundry Facilities

Pet Policy

  • No Pets Allowed

Security

  • Complex Is Fenced

Property Details

Home Type

Co-Op

Est. Annual Taxes

$2,538

Year Built

Built in 1950

Lot Details

0 Sq Ft Lot

HOA Fees

$400 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1950
  • Property Sub Type: Stock Cooperative
  • Architectural Style: Garden Apartment
  • Entry Level: 2
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Co-Op 1-4 Stories, Co-Op
  • Subdivision Name: OCEAN TERRACE CO-OP APTS
  • Year Built Details: Effective Year Built
  • MIAMIRE_PetsAllowedYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Gas Range, Refrigerator
  • Interior Amenities: Second Floor Entry
  • Full Bathrooms: 1
  • Flooring: Other, Tile
  • Furnished: Unfurnished
  • Living Area: 430
  • Other Equipment: Natural Gas
  • Possible Use: Primary
  • Stories: 2
  • Bedroom Features: Studio

Exterior Features

  • View: Garden View
  • Exterior Features: Exterior Cat Walk, Courtyard
  • Construction Type: CBS Construction
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: OCEAN TERRACE
  • Open Parking: Yes
  • Parking Features: On Street

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Window/Wall
  • Heating Yn: Yes
  • Laundry Features: Common Area
  • Security: Smoke Detector, Complex Fenced

Condo/Co-op/Association

  • Association Fee: 400
  • Amenities: Barbecue, Laundry, Exterior Lighting
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Lot Info

  • Parcel Number: 02-42-03-088-0180
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: No

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 2538

Multi Family

  • Number Of Units In Community: 36
  • Number Of Units Total: 36

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 15, 2016
Sold by
Blakeman Properties Llc
Bought by
Ot 20 Llc
Current Estimated Value
$243,588

Purchase Details

Closed on
Dec 1, 2010
Sold by
Leopold Feldman
Bought by
Blakeman Properties Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ot 20 Llc $100 --
Blakeman Properties Llc $61,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/09/2024 04/09/24 Sold $250,000 -10.7% $581 / Sq Ft
12/13/2023 12/13/23 Pending -- -- --
08/17/2023 08/17/23 For Sale $280,000 -- $651 / Sq Ft
Source: MIAMI REALTORS® MLS

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 $2,859 $190,209 -- --
2024 $2,770 $152,167 -- --
2023 $2,770 $143,554 $0 $0
2022 $2,538 $130,504 $0 $0
2021 $2,291 $118,640 $0 $0
2020 $2,871 $148,300 $0 $0
2019 $2,791 $144,000 $0 $0
2018 $2,713 $144,288 $0 $0
2017 $2,748 $144,288 $0 $0
2016 $2,114 $87,368 $0 $0
2015 $1,783 $79,426 $0 $0
2014 $1,744 $72,206 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11437890

MIAMI REALTORS® MLS

APN: 02-4203-088-0180

Your Personal Tour Guide

Ask me questions while you tour the home.