$455,000
SOLD OCT 8, 2024

1559 Michigan Ave Unit 201 Miami Beach, FL 33139

Flamingo Neighborhood
2 Beds
1 Bath
792 Sq Ft
$811/mo HOA Fee

Recently Sold

$574 Per Sq Ft

4% Below List Price

9 Days on Market

Highlights

  • Newly Remodeled
  • Main Floor Bedroom
  • Views
  • Old Spanish Architecture
  • Cooling Available
  • Laundry Facilities

About This Home

As of October 2024

Welcome to your future home, where tranquility meets the vibrant energy of Miami Beach.
This renovated and immaculate 2-bedroom / 1 bath residence, nestled within an intimate 16-unit Art Deco building, represents comfort and chic living.
Bask in the sun with sunset colors coming through the windows. Embrace modern convenience with an in-unit washer/dryer and equipped kitchen.
Ample street parking options. Ideally located just blocks from world-renowned beaches, Espanola Way's dining gems, Lincoln Road's shopping, Whole Foods, Publix, Fresh Market and Trader Joe’s grocery store access.

This stunning apartment epitomizes slow living in South Beach. Come experience it for yourself.

Last Agent to Sell the Property

Marta Arango

United Realty Group - Weston License #3153913

United Realty Group - Weston

Last Buyer's Agent

Julissa Duarte

One Sotheby's International Re License #3251907

One Sotheby's International Re

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,145

Year Built

  • Built in 1925 | Newly Remodeled

HOA Fees

  • $811 Monthly HOA Fees

Home Design

  • Old Spanish Architecture

Interior Spaces

  • 792 Sq Ft Home
  • 4-Story Property
  • Property Views

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • On-Street Parking
  • Open Parking

Utilities

  • Cooling Available
  • Heating Available
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 02-32-34-152-0070

Community Details

Overview

  • Low-Rise Condominium
  • Lincoln View Condo
  • Lincoln View Condo Subdivision

Pet Policy

  • Breed Restrictions

Additional Features

  • Laundry Facilities
  • Secure Stairs

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,145

Year Built

Built in 1925 | Newly Remodeled

Lot Details

0

HOA Fees

$811 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1925
  • Property Sub Type: Condominium
  • Architectural Style: Old Spanish
  • Directions: GPS
  • Entry Level: 2
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Structure Type: Condo 1-4 Stories, Condo
  • Subdivision Name: LINCOLN VIEW CONDO
  • Year Built Details: New Construction
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Electric Range, Refrigerator, Washer
  • Interior Amenities: First Floor Entry
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Furnished: Unfurnished
  • Living Area: 792
  • Possible Use: Primary
  • Stories: 4
  • Bedroom Features: At Least 1 Bedroom Ground Level

Exterior Features

  • View: Other View
  • Exterior Features: None
  • Pool Private: No
  • Property Condition: New Construction
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: LINCOLN VIEW CONDO
  • Open Parking: Yes
  • Parking Features: On Street

Utilities

  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Security: Other, Stairs Secured

Condo/Co-op/Association

  • Association Fee: 811
  • Amenities: Laundry
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Lot Info

  • Parcel Number: 02-32-34-152-0070
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 4145

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2024
Closed on
Oct 7, 2024
Sold by
Blanquart Victor and Mejia Juliana
Bought by
Ruocchio Cynthia
Seller's Agent
Marta Arango
United Realty Group - Weston
Buyer's Agent
Julissa Duarte
One Sotheby's International Re
List Price
$475,000
Sold Price
$455,000
Premium/Discount to List
-$20,000
-4.21%
Total Days on Market
9
Views
4
Current Estimated Value
$441,705

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$13,295
Avg. Annual Appreciation
-2.57%
Original Mortgage
$255,000
Outstanding Balance
$253,557
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$193,923

Purchase Details

Listed on
May 14, 2018
Closed on
Jul 26, 2018
Sold by
Zenginov Tchanko and Nussbaumer Gerhard
Bought by
Blanquart Victor
Seller's Agent
Richard Santiago
FI Real Estate Brokerage LLC
Buyer's Agent
Jerome Morlot
EXP Realty LLC
List Price
$335,000
Sold Price
$315,000
Premium/Discount to List
-$20,000
-5.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.10%
Original Mortgage
$236,250
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 15, 2006
Sold by
Zenginov Tchanko and Moeller Sascha
Bought by
Zenginov Tchanko and Nussbaumer Gerhard

Purchase Details

Closed on
Mar 26, 2004
Sold by
1559 Michigan Lc
Bought by
Zenginov Tchanko and Nussbaumer Gerhard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
5.53%
Mortgage Type
Unknown

Map

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 Type Sale Price Title Company
Warranty Deed $455,000 Amb Title Llc
Warranty Deed $315,000 Attorney
Interfamily Deed Transfer -- South Pointe Title Company
Special Warranty Deed $225,000 South Pointe Title Co Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $255,000 New Conventional
Previous Owner $237,000 New Conventional
Previous Owner $236,250 New Conventional
Previous Owner $180,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/08/2024 10/08/24 Sold $455,000 -4.2% $574 / Sq Ft
08/17/2024 08/17/24 Pending -- -- --
08/08/2024 08/08/24 For Sale $475,000 +50.8% $600 / Sq Ft
07/26/2018 07/26/18 Sold $315,000 -6.0% $398 / Sq Ft
06/13/2018 06/13/18 Pending -- -- --
05/14/2018 05/14/18 For Sale $335,000 -- $423 / 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
2024 $4,145 $203,280 -- --
2023 $4,145 $184,800 $0 $0
2022 $3,157 $168,000 $0 $0
2021 $3,423 $177,300 $0 $0
2020 $3,612 $186,600 $0 $0
2019 $4,821 $248,800 $0 $0
2018 $4,253 $226,176 $0 $0
2017 $4,344 $216,290 $0 $0
2016 $4,034 $196,628 $0 $0
2015 $3,901 $178,753 $0 $0
2014 $3,573 $162,503 $0 $0
Source: Public Records

Source: MIAMI REALTORS® MLS

MLS Number: A11638412

MIAMI REALTORS® MLS

APN: 02-3234-152-0070