NOT LISTED FOR SALE

Oceania I 16425 Collins Ave Unit WS-5A Sunny Isles Beach, FL 33160

Estimated Value: $1,663,000 - $2,051,000

3 Beds
3 Baths
2,240 Sq Ft
$1,501/mo HOA Fee

Last Sold March 14, 2016

Last sale price $1,220,000 $545 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $13,352/month

85 Days on Market

Highlights

  • Doorman
  • Marina
  • Fitness Center
  • Norman S. Edelcup/Sunny Isles Beach K-8 Rated A-
  • Ocean Front
  • Newly Remodeled

About This Home

As of March 2016

Finish to your liking. Premium unit, unobstructed direct ocean view from every room. Apartment has been gutted and rewired for a smart house. Brand new hurricane proof windows and flooring have been installed. Luxury bathroom vanities and tub have been purchased. High-end architectural plans are available and can serve as an inspiration for the buyer to complete this residence into their dream home.

Last Agent to Sell the Property

Mamdouh Abouelazm

Beachfront Realty Inc License #3268043 Listed on: 12/09/2015

Beachfront Realty Inc

Last Buyer's Agent

Mamdouh Abouelazm

Beachfront Realty Inc License #3268043 Listed on: 12/09/2015

Beachfront Realty Inc

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,993

Year Built

  • Built in 1990 | Newly Remodeled

HOA Fees

  • $1,501 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Secured Garage or Parking
  • Assigned Parking

Interior Spaces

  • 2,240 Sq Ft Home
  • Den
  • Ceramic Tile Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Two Primary Bathrooms
  • 3 Full Bathrooms

Home Security

Additional Features

  • Ocean Front
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 31-22-14-025-0050

Community Details

Overview

  • Club Membership Required
  • High-Rise Condominium
  • Oceania 1 Condos
  • 29-Story Property

Amenities

  • Doorman
  • Sauna
  • Secure Lobby

Recreation

  • Marina
  • Private Beach Pavilion
  • Tennis Courts
  • Community Spa

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Additional Features

  • Maintenance Expense $1,216
  • High Impact Door

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,993

Year Built

Built in 1990 | Newly Remodeled

Lot Details

0

HOA Fees

$1,501 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1990
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Directions: JUST SOUTH OF 163RD AND COLLINS AVENUE...OCEANIA TOWER I IN SUNNY ISLES BEACH, ON THE BEACH SIDE. FREE VALET PARKING.
  • Entry Level: 3
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Deeded Beach Access
  • New Construction: No
  • Structure Type: Condo 5+ Stories, Condo
  • Year Built Details: New Construction
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: Yes
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: First Floor Entry, Den/Library/Office
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Door Features: High Impact Doors
  • Flooring: Ceramic Floor
  • Furnished: Unfurnished
  • Living Area: 2240
  • Other Equipment: Elevator
  • Possible Use: Primary
  • Stories: 29
  • Bedroom Features: Entry Level
  • Living Room Features: Den/Library/Office
  • Master Bathroom Features: 2 Primary Bathrooms

Exterior Features

  • View: Ocean View, Water View
  • Pool Private: No
  • Property Condition: New Construction
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: Oceania 1
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 2 Or More Spaces, Assigned, Covered

Utilities

  • Water Source: Municipal Water
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Doorman, Secured Garage/Parking, Lobby Secured

Condo/Co-op/Association

  • Association Fee: 1501
  • Amenities: Clubhouse-Clubroom, Exercise Room, Marina, Other, Private Beach Pavilion, Sauna, Spa/Hot Tub, Tennis Court(s)
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Lot Info

  • Parcel Number: 31-22-14-025-0050
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: More Than 20 Lbs

Multi Family

  • Maintenance Expense: 1216

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 9993

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 30, 2021
Sold by
Rapalu Llc
Bought by
Geo Innova Llc
Current Estimated Value
$1,889,703

Purchase Details

Closed on
Aug 15, 2017
Sold by
Aelion David M
Bought by
Rapalu Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
3.96%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Dec 9, 2015
Closed on
Mar 13, 2016
Sold by
Ortiz Linda
Bought by
Aelion David M
Seller's Agent
Mamdouh Abouelazm
Beachfront Realty Inc
Buyer's Agent
Mamdouh Abouelazm
Beachfront Realty Inc
List Price
$1,385,000
Sold Price
$1,220,000
Premium/Discount to List
-$165,000
-11.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.77%
Original Mortgage
$800,000
Interest Rate
3.72%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 29, 2015
Sold by
Ortiz Hector and Ortiz Linda
Bought by
Ortiz Linda

Purchase Details

Closed on
Jul 12, 1993
Sold by
Bonura Robert and Bonura Maria
Bought by
Ortiz Hector and Ortiz Linda
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
Geo Innova Llc -- Langen & Langen Pa
Rapalu Llc $1,150,000 Attorney
Aelion David M $1,220,000 Attorney
Ortiz Linda -- Attorney
Ortiz Hector $430,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rapalu Llc $800,000
Previous Owner Aelion David M $800,000
Previous Owner Aelion David M $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/14/2016 03/14/16 Sold $1,220,000 -11.9% $545 / Sq Ft
03/04/2016 03/04/16 Pending -- -- --
12/09/2015 12/09/15 For Sale $1,385,000 -- $618 / 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 $21,872 $1,345,840 -- --
2024 $20,991 $1,223,491 -- --
2023 $20,991 $1,112,265 $0 $0
2022 $17,325 $1,011,150 $0 $0
2021 $17,120 $963,000 $0 $0
2020 $17,265 $963,000 $0 $0
2019 $17,312 $963,000 $0 $0
2018 $16,064 $916,076 $0 $0
2017 $18,883 $1,055,964 $0 $0
2016 $18,468 $1,005,680 $0 $0
2015 $9,816 $561,229 $0 $0
2014 $9,993 $556,775 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2016

    Mamdouh Abouelazm

    Beachfront Realty Inc

    (305) 405-0615

    1 Total Sale

    Section Image
  • Paula Salt

    Buyer Co-Listing Agent in 2016

    Paula Salt

    Alliance Trust Inc

    (305) 970-5574

    2 Total Sales

    Section Image
See All Agents

About Oceania I

Map

Source: MIAMI REALTORS® MLS

MLS Number: A10000798

MIAMI REALTORS® MLS

APN: 31-2214-025-0050

Florida Miami/Dade County Sunny Isles Beach 33160

16425 Collins Ave Unit WS-5A, Sunny Isles Beach, FL

This home is located at 16425 Collins Ave Unit WS-5A, Sunny Isles Beach, FL 33160 since 09 December 2015 and is currently estimated at $1,857,113, approximately $829 per square foot. This property was built in 1990. 16425 Collins Ave Unit WS-5A is a home located in Miami-Dade County with nearby schools including Norman S. Edelcup/Sunny Isles Beach K-8, Highland Oaks Middle School, and Alonzo & Tracy Mourning 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.

Nearby Homes