NOT LISTED FOR SALE

The Palace on Brickell Condo 1541 Brickell Ave Unit 406C Miami, FL 33129

Brickell Neighborhood

Estimated Value: $483,000 - $598,000

1 Bed
1.5 Baths
1,117 Sq Ft
$736/mo HOA Fee

Last Sold October 17, 2016

Last sale price $320,000 $286 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $4,202/month

110 Days on Market

Highlights

  • Doorman
  • Property Fronts a Bay or Harbor
  • Clubhouse
  • Direct Ocean View
  • Fitness Center
  • Balcony

About This Home

As of October 2016

The Palace, overlooks Biscayne Bay and a magnificent heated pool and large sundrenched area for relaxing. Sprawling with 1,117 Sq. Ft. full of natural light. Walk in closet, laundry area, guest bathroom are some of the benefits of this rare unit. Extraordinary amenities: newly redone gym, playroom ,club room and full time services in the building. There is not a more complete address in Miami, Brickell Avenue near Coconut Grove and Key Biscayne!don't miss the opportunity to be a proud owner.

Last Agent to Sell the Property

Teresita DeBlank

BHHS EWM Realty License #0519305 Listed on: 05/11/2016

BHHS EWM Realty

Co-Listed By

Luz Amparo Haratyk

London Foster Realty License #0624602

Last Buyer's Agent

Diema Diaz

Engel & Völkers Islamorada License #3100839

Engel & Völkers Islamorada

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,681

Year Built

  • Built in 1981

HOA Fees

  • $736 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Secured Garage or Parking

Property Views

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,117 Sq Ft Home
  • Entrance Foyer
  • Tile Flooring
  • Video Cameras

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom

Laundry

  • Dryer
  • Washer

Utilities

  • Central Air
  • Heating Available

Additional Features

Listing and Financial Details

  • Assessor Parcel Number 01-41-39-038-1760

Community Details

Overview

  • The Palace Condos
  • 24-Story Property

Amenities

  • Doorman
  • Clubhouse
  • Community Center
  • Party Room

Recreation

Pet Policy

  • Cats Allowed

Building Details

Security

  • Security Guard
  • Secure Elevator
  • Complex Is Fenced

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,681

Year Built

Built in 1981

Lot Details

0

HOA Fees

$736 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1981
  • Property Sub Type: Condominium
  • Co List Office Mls Id: PRUD01
  • Co List Office Phone: 786-581-1400
  • Entry Level: 4
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Washer
  • Interior Amenities: Entrance Foyer
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 1
  • Entry Location: Foyer
  • Flooring: Tile
  • Furnished: Unfurnished
  • Living Area: 1117
  • Possible Use: Unknown/Withheld
  • Stories: 24
  • Bedroom Features: Entry Level

Exterior Features

  • View: Bay, Direct Ocean
  • Exterior Features: Other, Open Balcony
  • Construction Type: CBS Construction
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: THE PALACE
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space, Covered

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Security: Complex Fenced, Doorman, Elevator Secure, Secured Garage/Parking, Guard At Site, TV Camera

Condo/Co-op/Association

  • Association Fee: 736
  • Amenities: Clubhouse-Clubroom, Community Room, Exercise Room
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 01-41-39-038-1760
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Cats OK

Multi Family

  • Maintenance Expense: 736

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 3681

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2016
Closed on
Oct 10, 2016
Sold by
Velez Maricarmen Cubas
Bought by
Bello Jose
Seller's Agent
Teresita DeBlank
BHHS EWM Realty
Buyer's Agent
Diema Diaz
Engel & Völkers Islamorada
List Price
$399,999
Sold Price
$320,000
Premium/Discount to List
-$79,999
-20%
Current Estimated Value
$559,491

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$239,491
Avg. Annual Appreciation
6.12%
Original Mortgage
$240,000
Interest Rate
3.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 9, 2011
Sold by
Lopez Roberto Cubas and Cubas Carmen E
Bought by
Velez Maricarmen Cubas

Purchase Details

Closed on
Dec 7, 2010
Sold by
Lopez Roberto Cubas and Cubas Carmen E
Bought by
Lopez Roberto Cubas and Cubas Carmen E

Purchase Details

Closed on
Aug 30, 2004
Sold by
Dee Terrance
Bought by
Lopez Roberto Cubas and Cubas Carmen E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
5.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 4, 2004
Sold by
Dee Paul T
Bought by
Dee Terrance

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 6, 2000
Sold by
Nelson Maribelle and Nelson Eric N
Bought by
Dee Paul T and Dee Terrance

Purchase Details

Closed on
Jul 27, 1994
Sold by
Cordero Thoma C
Bought by
Arzuaga Maribelle T
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
Bello Jose $320,000 Attorney
Velez Maricarmen Cubas $163,400 Lsi
Lopez Roberto Cubas -- Attorney
Lopez Roberto Cubas $245,000 --
Dee Terrance $58,700 --
Dee Paul T $133,500 --
Arzuaga Maribelle T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bello Jose $342,500
Closed Bello Jose $337,500
Closed Bello Jose $240,000
Previous Owner Velez Maricarmen Cubas $172,000
Previous Owner Lopez Roberto Cubas $196,000
Previous Owner Dee Paul T $150,000
Previous Owner Dee Terrance $150,000
Previous Owner Dee Paul T $129,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/17/2016 10/17/16 Sold $320,000 -13.3% $286 / Sq Ft
08/27/2016 08/27/16 Pending -- -- --
06/30/2016 06/30/16 Price Changed $369,000 -7.7% $330 / Sq Ft
05/09/2016 05/09/16 For Sale $399,999 -- $358 / 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 $4,832 $291,178 -- --
2024 $4,787 $282,972 -- --
2023 $4,787 $274,731 $0 $0
2022 $4,633 $266,730 $0 $0
2021 $4,615 $258,962 $0 $0
2020 $4,629 $258,962 $0 $0
2019 $4,639 $258,962 $0 $0
2018 $4,545 $258,962 $0 $0
2017 $5,836 $275,491 $0 $0
2016 $3,641 $208,418 $0 $0
2015 $3,681 $206,970 $0 $0
2014 $3,722 $205,328 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Teresita DeBlank

    Seller's Agent in 2016

    Teresita DeBlank

    BHHS EWM Realty

    (305) 775-1259

    5 in this area

    35 Total Sales

    Section Image
  • Luz Amparo Haratyk

    Seller Co-Listing Agent in 2016

    Luz Amparo Haratyk

    London Foster Realty

    (305) 303-5436

    1 in this area

    1 Total Sale

    Section Image
  • Diema Diaz

    Buyer's Agent in 2016

    Diema Diaz

    Engel & Völkers Islamorada

    (305) 915-5574

    1 in this area

    2 Total Sales

    Section Image
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About The Palace on Brickell Condo

Map

Source: MIAMI REALTORS® MLS

MLS Number: A10081286

MIAMI REALTORS® MLS

APN: 01-4139-038-1760

Florida Miami/Dade County Miami 33129 Brickell

1541 Brickell Ave Unit 406C, Miami, FL

This home is located at 1541 Brickell Ave Unit 406C, Miami, FL 33129 since 11 May 2016 and is currently estimated at $539,976, approximately $483 per square foot. This property was built in 1981. 1541 Brickell Ave Unit 406C is a home located in Miami-Dade County with nearby schools including Coral Way K-8 Center, Ponce de Leon Middle School, and Miami 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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