NOT LISTED FOR SALE

1460 Ocean Dr Unit 510 Miami Beach, FL 33139

Lummus Park Neighborhood

Estimated Value: $476,000 - $1,207,000

2 Beds
2.5 Baths
930 Sq Ft
$570/mo HOA Fee

Last Sold February 28, 2014

Last sale price $520,000 $559 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $4,914/month

9 Days on Market

Highlights

  • Property has ocean access
  • Deck
  • Main Floor Primary Bedroom
  • Waterfront
  • Wood Flooring
  • 2-minute walk to Miami Beach Ocean Walk

About This Home

As of February 2014

Ocean Drive beautifully executed renovation two story 2 bedroom 2.5 bath residence from NEW bathrooms, kitchen, appliances, A/C, IMPACT GLASS, and HUGE 1,000SF terrace within walking distance to all main attractions exciting South Beach. Located in the e picenter of the historical deco district on World Famous Ocean Drive, ACROSS FROM THE OCEAN and steps away from Lummus Park, Espanola Way and Lincoln Rd. Street parking or two garages across from property. Pet ok. Door #410 (Deed 510)

Last Agent to Sell the Property

Ines Flax

One Sotheby's International Re License #0687724 Listed on: 12/19/2013

One Sotheby's International Re

Last Buyer's Agent

Jean Louis Delbeke

London Foster Realty License #3021105

London Foster Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,490

Year Built

  • Built in 1937

Lot Details

  • Waterfront
  • Southwest Facing Home

HOA Fees

  • $570 Monthly HOA Fees

Home Design

  • Cluster Home
  • Concrete Block And Stucco Construction

Interior Spaces

  • 930 Sq Ft Home
  • Furnished
  • Built-In Features
  • Home Security System
  • Property Views

Kitchen

  • Self-Cleaning Oven
  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Cooking Island

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • Shower Only

Laundry

  • Dryer
  • Laundry Tub

Parking

  • On-Street Parking
  • Open Parking

Outdoor Features

  • Property has ocean access
  • Balcony
  • Deck
  • Porch

Additional Features

  • Accessible Elevator Installed
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-32-34-082-0310

Community Details

Overview

  • 32 Units
  • Low-Rise Condominium
  • The Drake Condo
  • Property has 2 Levels

Amenities

  • Lobby
  • Elevator

Pet Policy

  • Breed Restrictions

Building Details

Security

  • Secure Elevator
  • Impact Glass
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,490

Year Built

Built in 1937

Lot Details

0

HOA Fees

$570 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1937
  • Property Sub Type: Condominium
  • Architectural Style: Patio/Cluster
  • Directions: CORNER OF OCEAN DRIVE AND 15TH STREET
  • Entry Level: 4
  • Garage Yn: No
  • Horses: No
  • Inclusions: Deeded Beach Access
  • Unit Levels: 2
  • 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, Dryer, Ice Maker, Microwave, Electric Range, Refrigerator, Self Cleaning Oven
  • Interior Amenities: Lobby, First Floor Entry, Built-in Features, Cooking Island, Elevator, Laundry Tub
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Tile, Wood
  • Furnished: Furnished
  • Living Area: 930
  • Possible Use: Secondary
  • Stories: 5
  • Window Features: Impact Glass
  • Bedroom Features: At Least 1 Bedroom Ground Level, Primary Bedroom Ground Level
  • Master Bathroom Features: Shower Only

Exterior Features

  • View: Other View
  • Exterior Features: Other, Open Balcony
  • Construction Type: CBS Construction
  • Direction Faces: Southwest
  • Patio And Porch Features: Deck, Open Balcony, Open Porch
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: No
  • Park Building Name: The Drake Condo
  • Open Parking: Yes
  • Parking Features: On Street

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Laundry Tub
  • Security: Fire Alarm, Security System, Smoke Detector, Elevator Secure, Other

Condo/Co-op/Association

  • Association Fee: 570
  • Amenities: Elevator(s), Other
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-32-34-082-0310
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Maintenance Expense: 570
  • Number Of Units In Community: 32
  • Number Of Units Total: 32

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 6490

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 19, 2013
Closed on
Feb 28, 2014
Sold by
Skm Ocean Llc
Bought by
Chiorazzi Claudio
Seller's Agent
Ines Flax
One Sotheby's International Re
Buyer's Agent
Jean Louis Delbeke
London Foster Realty
List Price
$600,000
Sold Price
$520,000
Premium/Discount to List
-$80,000
-13.33%
Current Estimated Value
$720,179

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$200,179
Avg. Annual Appreciation
2.97%
Original Mortgage
$350,000
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 31, 2008
Sold by
Munroe Maynard
Bought by
Skm Ocean Llc

Purchase Details

Closed on
Apr 13, 2005
Sold by
Carter Joyce
Bought by
Munroe Maynard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$371,200
Interest Rate
5.74%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 8, 2004
Sold by
Carter Ann Marie
Bought by
Carter Joyce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,200
Interest Rate
9.3%
Mortgage Type
Unknown

Purchase Details

Closed on
May 22, 2002
Sold by
James W Welsh I
Bought by
Carter Ann M

Purchase Details

Closed on
Oct 21, 1999
Sold by
Torres Roberto J
Bought by
Welsh James W

Purchase Details

Closed on
Jun 11, 1996
Sold by
So Ocean Beach Properties Inc
Bought by
Torres Roberto J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,000
Interest Rate
7.88%
Mortgage Type
New Conventional
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
Chiorazzi Claudio $520,000 Clear Title Group Llc
Skm Ocean Llc $330,000 Universal Land Title Inc
Munroe Maynard $464,000 --
Carter Joyce $394,000 Hometown Title Insurance Co
Carter Ann M $325,000 --
Welsh James W $250,000 --
Torres Roberto J $182,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Claudio Ghiorazzi $110,000
Open Claudio Chirazzi $484,350
Closed Chiorazzi Claudio $450,000
Closed Chiorazzi Claudio $154,000
Closed Chiorazzi Claudio $350,000
Closed Chiorazzi Claudio $350,000
Previous Owner Munroe Maynard $371,200
Previous Owner Carter Joyce $315,200
Previous Owner Torres Roberto J $288,750
Previous Owner Torres Roberto J $102,000
Closed Carter Joyce $78,800
Closed Munroe Maynard $92,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2014 02/28/14 Sold $520,000 0.0% $559 / Sq Ft
02/12/2014 02/12/14 Rented $3,200 -99.5% --
01/13/2014 01/13/14 Under Contract -- -- --
12/29/2013 12/29/13 Pending -- -- --
12/19/2013 12/19/13 For Sale $600,000 0.0% $645 / Sq Ft
11/21/2013 11/21/13 For Rent $3,800 +18.8% --
02/01/2013 02/01/13 Rented $3,200 -15.8% --
01/02/2013 01/02/13 Under Contract -- -- --
07/20/2012 07/20/12 For Rent $3,800 -- --
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 $4,807 $305,666 -- --
2024 $4,672 $297,052 -- --
2023 $4,672 $288,400 $0 $0
2022 $4,486 $280,000 $0 $0
2021 $6,108 $357,253 $0 $0
2020 $6,031 $352,321 $0 $0
2019 $5,884 $344,400 $0 $0
2018 $6,759 $400,492 $0 $0
2017 $7,251 $421,570 $0 $0
2016 $7,401 $421,570 $0 $0
2015 $7,552 $421,570 $0 $0
2014 $7,078 $336,646 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ines Flax

    Seller's Agent in 2014

    Ines Flax

    One Sotheby's International Re

    (786) 218-7600

    5 in this area

    60 Total Sales

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  • Patty Marun

    Seller Co-Listing Agent in 2014

    Patty Marun

    Suma Luxury Realty

    (305) 767-5220

    23 Total Sales

    Section Image

  • A

    Buyer's Agent in 2014

    Alexey Kuznetsov

    United Realty Group Inc

    (954) 450-2000

    4 in this area

    7 Total Sales

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  • Jean Louis Delbeke

    Buyer's Agent in 2014

    Jean Louis Delbeke

    London Foster Realty

    (305) 305-0660

    1 in this area

    14 Total Sales

    Section Image
  • Stephanie Bienstock

    Seller Co-Listing Agent in 2013

    Stephanie Bienstock

    Blackbook Properties

    (786) 301-5218

    38 Total Sales

    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A1883598

MIAMI REALTORS® MLS

APN: 02-3234-082-0310

Florida Miami/Dade County Miami Beach 33139 Lummus Park

1460 Ocean Dr Unit 510, Miami Beach, FL

This home is located at 1460 Ocean Dr Unit 510, Miami Beach, FL 33139 since 19 December 2013 and is currently estimated at $689,635, approximately $741 per square foot. This property was built in 1937. 1460 Ocean Dr Unit 510 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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