NOT LISTED FOR SALE

Estimated Value: $963,000 - $1,040,000

2 Beds
2 Baths
1,600 Sq Ft
$956/mo HOA Fee

Last Sold December 14, 2021

Last sale price $750,000 $469 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $7,206/month

43 Days on Market

Highlights

  • Ocean View
  • Fitness Center
  • Clubhouse
  • Key Biscayne K-8 Center Rated A-
  • Sitting Area In Primary Bedroom
  • Community Pool

About This Home

As of December 2021

RENOVATED IN THE BEST OF TASTE WITH OCEAN VIEW FROM BALCONY. 1600 SQUARE FEET. 2 BEDROOMS AND 2 BATHS IN SMALL, WELL MANAGED BUILDING. WALK TO OCEAN AND BEACH.
PORCELAIN FLOORS THROUGHOUT, KITCHEN HAS WOOD CABINETS, GRANITE COUNTERS AND STAINLESS STEEL APPLIANCES. REMODELED BATHROOMS AND CUSTOM DESIGNED CLOSETS.
LARGE STORAGE ROOM JUST OUTSIDE THE FRONT DOOR. COVERED GARAGE PARKING.
AMENITIES INCLUDE: POOL, GYM, BARBEQUE AREA, PARTY ROOM, AND 24 HOUR SECURITY.

Last Agent to Sell the Property

Joan McCaughan

Coldwell Banker Realty License #0087421 Listed on: 09/30/2021

Coldwell Banker Realty

Last Buyer's Agent

Salomon Baredes

Paz Global, Inc. License #3198310

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,370

Year Built

  • Built in 1981

HOA Fees

  • $956 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Guest Parking

Home Design

  • Entry on the 6th floor

Interior Spaces

  • 1,600 Sq Ft Home
  • Built-In Features
  • Blinds
  • Entrance Foyer
  • Combination Dining and Living Room
  • Storage Room
  • Ceramic Tile Flooring

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Sitting Area In Primary Bedroom
  • Closet Cabinetry
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bidet
  • Dual Sinks
  • Bathtub
  • Shower Only

Laundry

  • Dryer
  • Washer

Home Security

Schools

  • Keybiscayne Elementary School
  • Mast Academy High School

Utilities

  • Cooling Available
  • Central Heating

Additional Features

  • Balcony
  • East Facing Home
  • East of U.S. Route 1

Listing and Financial Details

  • Assessor Parcel Number 24-42-32-020-0390

Community Details

Overview

  • Mid-Rise Condominium
  • Ocean Lane Plaza Condos
  • Ocean Lane Plaza Condo,Ocean Lane Plaza Subdivision
  • 9-Story Property

Amenities

  • Community Barbecue Grill
  • Trash Chute
  • Bike Room
  • Community Storage Space

Recreation

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Security

  • Security Guard
  • Secure Elevator
  • Complete Accordion Shutters

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,370

Year Built

Built in 1981

Lot Details

0

HOA Fees

$956 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1981
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Entry Level: 6
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: OCEAN LANE PLAZA CONDO,OCEAN LANE PLAZA
  • Year Built Details: Effective Year Built
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Electric Range, Refrigerator, Washer
  • Interior Amenities: Built-in Features, Closet Cabinetry, Entrance Foyer, Walk-In Closet(s), Storage
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Entry Location: Foyer
  • Flooring: Ceramic Floor
  • Furnished: Unfurnished
  • Living Area: 1600
  • Possible Use: Unknown/Withheld
  • Stories: 9
  • Window Features: Complete Accordian Shutters, Hurricane Shutters, Blinds
  • Bedroom Features: Sitting Area - Master Bedroom, Master Bath Shower, Master Bath Tub
  • Dining Room Features: Breakfast Area, Dining/Living Room, Eat-In Kitchen
  • Living Room Features: Storage Room
  • Master Bathroom Features: Bidet, Dual Sinks

Exterior Features

  • View: Ocean View
  • Exterior Features: East Of Us1, Open Balcony
  • Direction Faces: East
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: OCEAN LANE PLAZA
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space, Covered, Guest

Utilities

  • Cooling: Electric
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating: Central
  • Heating Yn: Yes
  • Security: Elevator Secure, Guard At Site

Condo/Co-op/Association

  • Association Fee: 956
  • Amenities: Bike Storage, Barbecue, Clubhouse-Clubroom, Exercise Room, Storage, Pool, Trash Chute
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Schools

  • Elementary School: Keybiscayne
  • High School: Mast Academy

Lot Info

  • Parcel Number: 24-42-32-020-0390
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Maximum 20 Lbs

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 6370

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2021
Closed on
Dec 14, 2021
Sold by
Greig Custo Maria Teresa
Bought by
Shalem Adi and Shalem Keren
Seller's Agent
Joan McCaughan
Coldwell Banker Realty
Buyer's Agent
Salomon Baredes
Paz Global, Inc.
List Price
$745,000
Sold Price
$750,000
Premium/Discount to List
$5,000
0.67%
Current Estimated Value
$991,504

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$241,504
Avg. Annual Appreciation
7.48%
Original Mortgage
$625,000
Interest Rate
3.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 17, 2002
Sold by
Alejandro Velez I
Bought by
Custo Edgardo and Custo Maria T

Purchase Details

Closed on
Jul 19, 2000
Sold by
Lercari Dora
Bought by
Velez Alfredo
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
Shalem Adi $750,000 Melissa P Lanza Pa
Custo Edgardo $345,000 --
Velez Alfredo $255,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Shalem Adi $625,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/14/2021 12/14/21 Sold $750,000 +0.7% $469 / Sq Ft
11/12/2021 11/12/21 Pending -- -- --
09/30/2021 09/30/21 For Sale $745,000 -- $466 / 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 $12,602 $801,753 -- --
2024 $11,110 $728,867 -- --
2023 $11,110 $662,607 $0 $0
2022 $9,775 $602,370 $0 $0
2021 $6,648 $431,501 $0 $0
2020 $6,370 $425,544 $0 $0
2019 $6,228 $415,977 $0 $0
2018 $5,897 $408,221 $0 $0
2017 $5,818 $399,825 $0 $0
2016 $5,823 $391,602 $0 $0
2015 $5,909 $388,880 $0 $0
2014 $5,998 $385,794 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11095277

MIAMI REALTORS® MLS

APN: 24-4232-020-0390