NOT LISTED FOR SALE

1618 Michigan Ave Unit 2 Miami Beach, FL 33139

Flamingo Neighborhood

Estimated Value: $241,102 - $293,000

1 Bed
1 Bath
470 Sq Ft
1925 Built

Last Sold August 18, 2022

Last sale price $235,000 $500 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $1,628/month

41 Days on Market

Highlights

  • Main Floor Bedroom
  • Closet Cabinetry
  • Courtyard
  • Garden View
  • Cooling Available
  • Ceramic Tile Flooring

About This Home

As of August 2022

PRICE REDUCTION FOR QUICK SALE - Nicely renovated 1 Bedroom apartment, very cozy with lot of natural light. Highly desirable location in South Beach, steps to Lincoln Road.

Last Agent to Sell the Property

Yoni Dahan

World Class Realty License #3115642 Listed on: 05/17/2022

Last Buyer's Agent

Walter Ellingwood

WE Realty License #3383243

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,483

Year Built

  • Built in 1925

Home Design

  • Garden Apartment
  • Concrete Block And Stucco Construction

Interior Spaces

  • 470 Sq Ft Home
  • 3-Story Property
  • Ceramic Tile Flooring
  • Garden Views

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • Main Floor Bedroom
  • Closet Cabinetry
  • 1 Full Bathroom

Parking

  • On-Street Parking
  • Open Parking

Utilities

  • Cooling Available
  • Heating Available

Additional Features

  • Courtyard
  • Fenced

Listing and Financial Details

  • Assessor Parcel Number 02-32-34-128-0040

Community Details

Overview

  • Property has a Home Owners Association
  • Low-Rise Condominium
  • The Michigan Condos
  • The Michigan Condo Subdivision

Amenities

  • Laundry Facilities
  • Interior Hall

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Building Details

  • Maintenance Expense $437

Security

  • Phone Entry
  • Complex Is Fenced

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,483

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1925
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit, Garden Apartment
  • Entry Level: 1
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 1-4 Stories, Condo
  • Subdivision Name: THE MICHIGAN 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: Interior Hall, Closet Cabinetry
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Ceramic Floor
  • Furnished: Unfurnished
  • Living Area: 470
  • Possible Use: Primary
  • Stories: 3
  • Bedroom Features: At Least 1 Bedroom Ground Level

Exterior Features

  • View: Garden View
  • Exterior Features: Courtyard
  • Construction Type: CBS Construction
  • Fencing: Fenced
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: THE MICHIGAN
  • Open Parking: Yes
  • Parking Features: On Street

Utilities

  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Security: Complex Fenced, Phone Entry

Condo/Co-op/Association

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

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-32-34-128-0040
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Maximum 20 Lbs

Multi Family

  • Maintenance Expense: 437

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 2483

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2022
Closed on
Aug 16, 2022
Sold by
Maeva Llc
Bought by
Ellingwood Walter Fred
Seller's Agent
Yoni Dahan
World Class Realty
Buyer's Agent
Walter Ellingwood
WE Realty
List Price
$259,000
Sold Price
$235,000
Premium/Discount to List
-$24,000
-9.27%
Current Estimated Value
$256,276

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,276
Avg. Annual Appreciation
6.13%
Original Mortgage
$50,000
Outstanding Balance
$38,148
Interest Rate
5.54%
Mortgage Type
Credit Line Revolving
Estimated Equity
$243,257

Purchase Details

Listed on
Feb 28, 2018
Closed on
Oct 15, 2018
Sold by
Salem Rodrigo
Bought by
Maeva Llc
Seller's Agent
Esteban Bressan
London Foster Realty
Buyer's Agent
Yoni Dahan
World Class Realty
List Price
$190,000
Sold Price
$170,000
Premium/Discount to List
-$20,000
-10.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.82%

Purchase Details

Listed on
Oct 25, 2013
Closed on
Apr 11, 2014
Sold by
Natalie Holiday Llc
Bought by
Salem Rodrigo
Seller's Agent
Iveta Mesarosova
MMLS Assoc.-Inactive Member
Buyer's Agent
Iveta Mesarosova
MMLS Assoc.-Inactive Member
List Price
$125,000
Sold Price
$110,000
Premium/Discount to List
-$15,000
-12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.09%

Purchase Details

Closed on
Mar 29, 2010
Sold by
Forbes Michael A and Forbes Cinzia
Bought by
Natalie Holiday Llc

Purchase Details

Closed on
Feb 27, 2004
Sold by
Loscher Diaz Ivan Ricardo
Bought by
Forbes Michael A and Forbes Cinzia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,600
Interest Rate
5%
Mortgage Type
Unknown

Purchase Details

Closed on
May 10, 2000
Sold by
Ushuaia Llc
Bought by
Loscher Diaz Ivan R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,200
Interest Rate
8.28%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Ellingwood Walter Fred $235,000 Paul Feldman Pa
Maeva Llc $170,000 Attorney
Salem Rodrigo $110,000 Attorney
Natalie Holiday Llc $78,000 Attorney
Forbes Michael A $117,000 --
Loscher Diaz Ivan R $79,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ellingwood Walter Fred $50,000
Open Ellingwood Walter Fred $161,475
Previous Owner Forbes Michael A $93,600
Previous Owner Loscher Diaz Ivan R $63,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2022 08/18/22 Sold $235,000 -5.6% $500 / Sq Ft
06/28/2022 06/28/22 Pending -- -- --
06/20/2022 06/20/22 Price Changed $249,000 -3.9% $530 / Sq Ft
05/17/2022 05/17/22 For Sale $259,000 0.0% $551 / Sq Ft
06/28/2020 06/28/20 Rented $1,300 -3.7% --
06/03/2020 06/03/20 Under Contract -- -- --
05/07/2020 05/07/20 For Rent $1,350 +4.7% --
11/19/2019 11/19/19 Rented $1,290 0.0% --
11/12/2019 11/12/19 Under Contract -- -- --
11/01/2019 11/01/19 Price Changed $1,290 -6.2% $3 / Sq Ft
10/08/2019 10/08/19 Price Changed $1,375 -6.8% $3 / Sq Ft
08/12/2019 08/12/19 Price Changed $1,475 -7.8% $3 / Sq Ft
07/31/2019 07/31/19 For Rent $1,600 0.0% --
10/19/2018 10/19/18 Sold $170,000 -5.0% $362 / Sq Ft
03/13/2018 03/13/18 Price Changed $179,000 -5.8% $381 / Sq Ft
02/27/2018 02/27/18 For Sale $190,000 0.0% $404 / Sq Ft
07/03/2017 07/03/17 Rented $1,350 -2.9% --
06/01/2017 06/01/17 Price Changed $1,390 -10.3% $3 / Sq Ft
05/26/2017 05/26/17 Price Changed $1,550 -6.1% $3 / Sq Ft
05/05/2017 05/05/17 For Rent $1,650 0.0% --
04/11/2014 04/11/14 Sold $110,000 -12.0% $234 / Sq Ft
03/16/2014 03/16/14 Pending -- -- --
03/11/2014 03/11/14 For Sale $125,000 +13.6% $266 / Sq Ft
01/13/2014 01/13/14 Off Market $110,000 -- --
10/30/2013 10/30/13 Pending -- -- --
10/24/2013 10/24/13 For Sale $125,000 -- $266 / 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 $2,802 $195,863 -- --
2024 $2,715 $190,344 -- --
2023 $2,715 $184,800 $0 $0
2022 $2,480 $132,000 $0 $0
2021 $2,483 $128,600 $0 $0
2020 $2,594 $134,000 $0 $0
2019 $2,597 $134,000 $0 $0
2018 $2,520 $134,000 $0 $0
2017 $2,554 $134,140 $0 $0
2016 $2,606 $134,140 $0 $0
2015 $2,658 $134,140 $0 $0
2014 $2,381 $110,405 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11206160

MIAMI REALTORS® MLS

APN: 02-3234-128-0040