NOT LISTED FOR SALE

1605 Bay Rd Unit 507 Miami Beach, FL 33139

Flamingo Neighborhood

Estimated Value: $429,000 - $608,000

2 Beds
2 Baths
950 Sq Ft
$496/mo HOA Fee

Last Sold October 03, 2023

Last sale price $580,000 $611 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $3,896/month

128 Days on Market

Highlights

  • Intercom to Front Desk
  • Skyline View
  • Balcony
  • Newly Remodeled
  • Community Pool
  • Impact Glass

About This Home

As of October 2023

Excellent buy in a boutique building, 2/2 completely renovated, W/D in unit, steps from Lincoln Road, West Ave, Biscayne Bay, stores, restaurants and shopping. Gated, covered parking, East facing balcony and ground level pool ,with low maintenance fees. 40 yrs recertification under way. Special assesment paid by the Seller.

Last Agent to Sell the Property

Francesco Cecchini

Miami Dreams Realty Inc. License #3162699 Listed on: 03/30/2023

Last Buyer's Agent

Daniel Cardenas

LoKation License #3251193

LoKation

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,036

Year Built

  • Built in 1982 | Newly Remodeled

HOA Fees

  • $496 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Secured Garage or Parking
  • Assigned Parking

Interior Spaces

  • 950 Sq Ft Home
  • Skyline Views

Kitchen

  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Trash Compactor

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Utilities

  • Central Air
  • No Heating

Additional Features

  • Balcony
  • Fenced
  • East of U.S. Route 1

Listing and Financial Details

  • Assessor Parcel Number 02-32-33-061-0280

Community Details

Overview

  • Bay Point East Condo
  • Bay Point East Condo Subdivision
  • 5-Story Property

Amenities

  • Laundry Facilities
  • Intercom to Front Desk
  • Elevator

Recreation

  • Community Pool

Pet Policy

  • Dogs Allowed

Security

  • Card or Code Access
  • Phone Entry
  • Impact Glass
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,036

Year Built

Built in 1982 | Newly Remodeled

Lot Details

0

HOA Fees

$496 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1982
  • Property Sub Type: Condominium
  • Directions: Use Maps
  • Entry Level: 5
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: BAY POINT EAST CONDO
  • Year Built Details: New Construction
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Trash Compactor, Dishwasher, Dryer, Ice Maker, Microwave, Electric Range, Refrigerator, Washer
  • Interior Amenities: First Floor Entry
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Carpet, Tile
  • Furnished: Unfurnished
  • Living Area: 950
  • Possible Use: Investment
  • Stories: 5
  • Window Features: Impact Glass
  • Bedroom Features: Entry Level

Exterior Features

  • View: Skyline
  • Exterior Features: East Of Us1, Open Balcony
  • Fencing: Fenced
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • Property Condition: New Construction
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Park Building Name: BAY POINT EAST CONDO
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space, Assigned

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: None
  • Heating Yn: No
  • Laundry Features: Common Area
  • Security: Smoke Detector, Card Entry, Phone Entry, Secured Garage/Parking, Intercom In Lobby

Condo/Co-op/Association

  • Association Fee: 496
  • Amenities: Laundry, Elevator(s), Pool
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-32-33-061-0280
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Dogs OK

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 5036

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 30, 2023
Closed on
Oct 2, 2023
Sold by
Grava Cristina and Checchin Daniele
Bought by
Sones Steven
Seller's Agent
Francesco Cecchini
Miami Dreams Realty Inc.
Buyer's Agent
Daniel Cardenas
LoKation
List Price
$600,000
Sold Price
$580,000
Premium/Discount to List
-$20,000
-3.33%
Views
156
Current Estimated Value
$532,026

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$47,974
Avg. Annual Appreciation
-4.58%
Original Mortgage
$435,000
Outstanding Balance
$427,325
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$104,701

Purchase Details

Listed on
Mar 16, 2021
Closed on
Jun 15, 2021
Sold by
Calfo Lee and Degraff Laura
Bought by
Grava Cristina and Checcchin Daniele
Seller's Agent
Sarah Burstein
LoKation
Buyer's Agent
Francesco Cecchini
Miami Dreams Realty Inc.
List Price
$479,000
Sold Price
$450,000
Premium/Discount to List
-$29,000
-6.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.67%
Original Mortgage
$403,750
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 21, 2004
Sold by
Prudenzano Peter
Bought by
Abramson David I

Purchase Details

Closed on
Oct 31, 2002
Sold by
Gallogly Michael D
Bought by
Prudenzano Peter S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,200
Interest Rate
6.3%

Purchase Details

Closed on
Jan 11, 2002
Sold by
Charlie C Beasley Jr I
Bought by
Gallogly Michael D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
6.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 21, 1997
Sold by
Bay Point East Associates
Bought by
Beasley Charles C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,391
Interest Rate
8.17%
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
Sones Steven $580,000 Profusion Title
Grava Cristina $450,000 Clear Title Services Inc
Abramson David I $305,000 Title Company Of America Inc
Prudenzano Peter S $219,000 --
Gallogly Michael D $180,000 --
Beasley Charles C $93,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sones Steven $435,000
Previous Owner Grava Cristina $403,750
Previous Owner Beasley Charles C $203,000
Previous Owner Prudenzano Peter S $175,200
Previous Owner Beasley Charles C $144,000
Previous Owner Beasley Charles C $88,391
Closed Prudenzano Peter S $32,850
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/03/2023 10/03/23 Sold $580,000 -2.5% $611 / Sq Ft
08/06/2023 08/06/23 Pending -- -- --
06/09/2023 06/09/23 Price Changed $595,000 -0.8% $626 / Sq Ft
03/30/2023 03/30/23 For Sale $600,000 +33.3% $632 / Sq Ft
06/15/2021 06/15/21 Sold $450,000 -9.1% $474 / Sq Ft
04/11/2021 04/11/21 Price Changed $495,000 +3.3% $521 / Sq Ft
03/16/2021 03/16/21 For Sale $479,000 +31.2% $504 / Sq Ft
03/24/2017 03/24/17 Sold $365,000 -3.9% $384 / Sq Ft
02/08/2017 02/08/17 Pending -- -- --
01/03/2017 01/03/17 For Sale $380,000 -- $400 / 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 $5,545 $346,052 -- --
2024 $5,242 $336,300 -- --
2023 $5,242 $318,516 $0 $0
2022 $5,036 $309,239 $0 $0
2021 $4,415 $269,560 $0 $0
2020 $4,883 $293,000 $0 $0
2019 $4,888 $293,000 $0 $0
2018 $4,733 $292,754 $0 $0
2017 $4,848 $254,569 $0 $0
2016 $4,945 $254,569 $0 $0
2015 $5,339 $243,923 $0 $0
2014 $4,505 $221,749 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Francesco Cecchini

    Seller's Agent in 2023

    Francesco Cecchini

    Miami Dreams Realty Inc.

    (786) 356-4153

    23 in this area

    47 Total Sales

    Section Image

  • D

    Buyer's Agent in 2023

    Daniel Cardenas

    LoKation Real Estate

    (954) 625-0653

    1 in this area

    5 Total Sales

    Section Image
  • Sarah Burstein

    Seller's Agent in 2021

    Sarah Burstein

    LoKation Real Estate

    (305) 761-5665

    1 in this area

    3 Total Sales

    Section Image

  • L

    Seller's Agent in 2017

    Les Brewer II

    MMLS Assoc.-Inactive Member

    Section Image

  • J

    Seller Co-Listing Agent in 2017

    Janice Christensen

    MMLS Assoc.-Inactive Member

  • Stavros Mitchelides

    Buyer's Agent in 2017

    Stavros Mitchelides

    Real Estate Sales Force

    (555) 555-5555

    1 Total Sale

    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11364975

MIAMI REALTORS® MLS

APN: 02-3233-061-0280

Florida Miami/Dade County Miami Beach 33139 Flamingo

1605 Bay Rd Unit 507, Miami Beach, FL

This home is located at 1605 Bay Rd Unit 507, Miami Beach, FL 33139 since 30 March 2023 and is currently estimated at $532,026, approximately $560 per square foot. This property was built in 1982. 1605 Bay Rd Unit 507 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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