$355,000
SOLD AUG 11, 2015
2 Beds
1.5 Baths
890 Sq Ft
$500/mo HOA Fee

Recently Sold

$399 Per Sq Ft

13% Below List Price

174 Days on Market

Highlights

  • Intercom to Front Desk
  • Tile Flooring
  • Heating Available
  • Card or Code Access
  • Central Air
  • 2-minute walk to Miami Beach Ocean Walk

About This Home

As of August 2015

Very nice & spacious furnished 2 bedroom 1.5 back town home in historic Art Deco building. Rare opportunity to live on Ocean Drive. Across from the beach. Motivated seller.

Last Agent to Sell the Property

Lee Sherman

MMLS Assoc.-Inactive Member License #3271203 Listed on: 12/17/2014

MMLS Assoc.-Inactive Member

Last Buyer's Agent

Bryan T. Halda, CRS, P.A.

Gray & Associates Prop. Inc. License #3097334

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,222

Year Built

  • Built in 1937

HOA Fees

  • $500 Monthly HOA Fees

Home Design

  • Split Level Home
  • Concrete Block And Stucco Construction

Interior Spaces

  • 890 Sq Ft Home
  • 3-Story Property
  • Tile Flooring

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 02-32-34-082-0080

Community Details

Overview

  • 33 Units
  • Low-Rise Condominium
  • The Drake Condo

Amenities

  • Intercom to Front Desk
  • Secure Lobby

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Building Details

Security

  • Card or Code Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,222

Year Built

Built in 1937

Lot Details

0

HOA Fees

$500 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1937
  • Property Sub Type: Condominium
  • Architectural Style: Split Level
  • Entry Level: 2
  • Garage Yn: No
  • Horses: No
  • Unit Levels: 0
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 1-4 Stories, Condo
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Microwave, Gas Range, Refrigerator
  • Interior Amenities: Other
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Tile
  • Furnished: Unfurnished
  • Living Area: 890
  • Possible Use: Unknown/Withheld
  • Stories: 3
  • Bedroom Features: Other

Exterior Features

  • View: None
  • Exterior Features: Other
  • Construction Type: CBS Construction
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: THE DRAKE CONDO
  • Parking Features: None

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Other
  • Heating Yn: Yes
  • Security: Card Entry, Intercom In Lobby, Lobby Secured

Condo/Co-op/Association

  • Association Fee: 500
  • Amenities: Other
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-32-34-082-0080
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Maximum 20 Lbs

Multi Family

  • Maintenance Expense: 500
  • Number Of Units In Community: 33
  • Number Of Units Total: 33

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 4222

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 17, 2014
Closed on
Aug 11, 2015
Sold by
Ackell Ann Johnson and Ackell James Joseph
Bought by
Sb Apartments Llc
Seller's Agent
Lee Sherman
MMLS Assoc.-Inactive Member
Buyer's Agent
Bryan T. Halda, CRS, P.A.
Gray & Associates Prop. Inc.
List Price
$409,000
Sold Price
$355,000
Premium/Discount to List
-$54,000
-13.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.67%

Purchase Details

Closed on
May 4, 1998
Sold by
Toledo Richard G
Bought by
Ackell Ann J and Ackell James J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
7.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 4, 1998
Sold by
Toledo Gregorio V
Bought by
Toledo Richard G
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 $355,000 Attorney
Warranty Deed $140,000 --
Quit Claim Deed $100 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $208,000 Negative Amortization
Previous Owner $116,632 Unknown
Previous Owner $128,800 New Conventional
Previous Owner $105,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/23/2025 02/23/25 Price Changed $379,900 -3.8% $427 / Sq Ft
02/20/2025 02/20/25 Price Changed $395,000 -1.2% $444 / Sq Ft
02/16/2025 02/16/25 Price Changed $399,999 -3.6% $449 / Sq Ft
02/16/2025 02/16/25 Price Changed $415,000 0.0% $466 / Sq Ft
02/16/2025 02/16/25 For Sale $415,000 -7.8% $466 / Sq Ft
01/30/2025 01/30/25 Off Market $450,000 -- --
01/15/2025 01/15/25 For Sale $4,500,000 0.0% $5,056 / Sq Ft
10/22/2024 10/22/24 Off Market $3,500 -- --
09/19/2024 09/19/24 For Rent $3,500 +75.0% --
06/14/2018 06/14/18 Rented $2,000 +5.3% --
05/23/2018 05/23/18 Price Changed $1,900 -2.6% $2 / Sq Ft
05/08/2018 05/08/18 Price Changed $1,950 -2.5% $2 / Sq Ft
04/19/2018 04/19/18 Price Changed $2,000 -9.1% $2 / Sq Ft
04/09/2018 04/09/18 For Rent $2,200 +10.0% --
04/20/2017 04/20/17 Rented $2,000 -4.8% --
04/10/2017 04/10/17 Under Contract -- -- --
03/24/2017 03/24/17 Price Changed $2,100 -4.5% $2 / Sq Ft
02/22/2017 02/22/17 For Rent $2,200 0.0% --
08/11/2015 08/11/15 Sold $355,000 -7.8% $399 / Sq Ft
06/10/2015 06/10/15 Pending -- -- --
03/31/2015 03/31/15 Price Changed $385,000 -2.5% $433 / Sq Ft
02/09/2015 02/09/15 Price Changed $395,000 -3.4% $444 / Sq Ft
12/17/2014 12/17/14 For Sale $409,000 0.0% $460 / Sq Ft
08/01/2014 08/01/14 Rented $1,800 -14.3% --
07/02/2014 07/02/14 Under Contract -- -- --
04/23/2014 04/23/14 For Rent $2,100 -- --
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 $6,293 $342,067 -- --
2024 $5,480 $310,970 -- --
2023 $5,480 $282,700 $0 $0
2022 $4,829 $257,000 $0 $0
2021 $5,039 $261,000 $0 $0
2020 $4,813 $248,600 $0 $0
2019 $5,474 $282,500 $0 $0
2018 $6,177 $328,491 $0 $0
2017 $6,585 $345,780 $0 $0
2016 $6,717 $345,780 $0 $0
2015 $5,571 $240,896 $0 $0
2014 $4,605 $218,997 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A2047115

MIAMI REALTORS® MLS

APN: 02-3234-082-0080