NOT LISTED FOR SALE

Estimated Value: $1,107,088 - $1,305,000

3 Beds
2 Baths
1,720 Sq Ft
$1,075/mo HOA Fee

Last Sold August 15, 2018

Last sale price $748,000 $435 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $8,719/month

32 Days on Market

Highlights

  • Bar or Lounge
  • Fitness Center
  • Garden View
  • Key Biscayne K-8 Center Rated A-
  • Main Floor Primary Bedroom
  • Community Pool

About This Home

As of August 2018

Live steps to the beach in this beautifully renovated 3 bedroom, 2 bathroom unit in Botanica, Key Colony. Porcelain floors throughout, open kitchen with quartz countertop and stainless steel appliances. Breakfast bar opens up to the living area. Enclosed entrance with new built-in closets for plenty of storage space. 3rd bedroom has a closet, floor to ceiling window and access to balcony. Relaxing garden view, big balcony.
2 covered parking spaces located right next to the lobby. Assessment paid in full.
Resort style complex, amenities include beach access, 12 tennis courts, gym, children playground, pools, gourmet convenience store, beach restaurant and beauty salon.

Last Agent to Sell the Property

Nerea Garbayo

Miami Waterfront Realty License #3328832 Listed on: 06/02/2018

Last Buyer's Agent

Irene Rojas

Cervera Real Estate Inc. License #3280075

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,216

Year Built

  • Built in 1981 | Remodeled

HOA Fees

  • $1,075 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Garden Apartment
  • Entry on the 1st floor

Interior Spaces

  • 1,720 Sq Ft Home
  • 4-Story Property
  • Built-In Features
  • Blinds
  • Family Room
  • Storage Room
  • Washer
  • Tile Flooring
  • Garden Views

Kitchen

  • Self-Cleaning Oven
  • Electric Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms
  • Bidet
  • Dual Sinks

Home Security

Outdoor Features

  • Balcony
  • Courtyard
  • Outdoor Grill

Schools

  • Keybiscayne Elementary School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 24-42-32-024-0160

Community Details

Overview

  • Low-Rise Condominium
  • Key Colony Condos
  • Key Colony No 4 Condo Subdivision
  • Car Wash Area

Amenities

  • Community Barbecue Grill
  • Trash Chute
  • Bar or Lounge
  • Lobby
  • Elevator

Recreation

  • Tennis Courts
  • Community Playground
  • Fitness Center
  • Community Pool

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Building Details

Security

  • Security Guard
  • Complex Is Fenced
  • Complete Accordion Shutters
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,216

Year Built

Built in 1981 | Remodeled

Lot Details

0

HOA Fees

$1,075 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1981
  • Property Sub Type: Condominium
  • Architectural Style: Garden Apartment
  • Directions: Key Colony is at the second light to the left once you enter Key Biscayne Village. Go through visitors lane, make left, at the stop sign make a right and Palmattum lobby is at the end on the left. Park on visitors
  • Entry Level: 1
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 1-4 Stories, Condo
  • Subdivision Name: KEY COLONY NO 4 CONDO
  • Year Built Details: Unknown
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Electric Range, Refrigerator, Self Cleaning Oven, Washer
  • Interior Amenities: Lobby, First Floor Entry, Built-in Features, Family Room, Storage
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Tile
  • Furnished: Unfurnished
  • Living Area: 1720
  • Other Equipment: Elevator
  • Possible Use: Unknown/Withheld
  • Stories: 4
  • Window Features: Complete Accordian Shutters, Hurricane Shutters, Blinds
  • Bedroom Features: Primary Bedroom Ground Level
  • Living Room Features: Family Room, Storage Room
  • Master Bathroom Features: Bidet, Dual Sinks

Exterior Features

  • View: Garden View
  • Exterior Features: Barbeque, Courtyard, Open Balcony
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • Property Condition: Updated/Remodeled
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: Key Colony
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: Covered

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Fire Alarm, Complex Fenced, Guard At Site, Security Patrol

Condo/Co-op/Association

  • Association Fee: 1075
  • Amenities: Bar, Barbecue, Elevator(s), Exercise Room, Child Play Area, Pool, Tennis Court(s), Trash Chute, Vehicle Wash Area
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Schools

  • Elementary School: Keybiscayne

Lot Info

  • Parcel Number: 24-42-32-024-0160
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Maximum 20 Lbs

Multi Family

  • Maintenance Expense: 1075

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 5216

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2018
Closed on
Aug 14, 2018
Sold by
Goris Ignacio and Goris Nerea
Bought by
Morales Isabela C
Seller's Agent
Nerea Garbayo
Miami Waterfront Realty
Buyer's Agent
Irene Rojas
Cervera Real Estate Inc.
List Price
$775,000
Sold Price
$748,000
Premium/Discount to List
-$27,000
-3.48%
Current Estimated Value
$1,232,522

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$484,522
Avg. Annual Appreciation
7.09%

Purchase Details

Closed on
May 25, 2011
Sold by
Goris Jose Manuel and Goris Viviana Ines
Bought by
Goris Ignacio and Garbayo Nerea

Purchase Details

Closed on
Feb 4, 2011
Sold by
Goris Jose Manuel and Goris Viviana Ines
Bought by
Goris Ignacio and Garbayo Nerea

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Interest Rate
4.71%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 14, 1997
Sold by
Takao and Imamura Mariko
Bought by
Goris Jose M and Goris Viviana I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
7.53%
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
Morales Isabela C $748,000 Attorney
Goris Ignacio $360,000 Key Intl Title & Escrow Corp
Goris Jose M $210,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Goris Ignacio $300,000
Previous Owner Goris Ignacio $128,500
Previous Owner Goris Ignacio $204,000
Previous Owner Goris Jose M $157,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2018 08/15/18 Sold $748,000 -3.5% $435 / Sq Ft
07/03/2018 07/03/18 Pending -- -- --
06/01/2018 06/01/18 For Sale $775,000 -- $451 / 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 $13,637 $849,689 -- --
2024 $11,422 $903,924 -- --
2023 $11,422 $605,000 $0 $0
2022 $10,024 $550,000 $0 $0
2021 $8,431 $500,000 $0 $0
2020 $8,255 $500,000 $0 $0
2019 $7,862 $475,000 $0 $0
2018 $5,288 $369,693 $0 $0
2017 $5,216 $362,090 $0 $0
2016 $5,221 $354,643 $0 $0
2015 $5,297 $352,178 $0 $0
2014 $5,377 $349,383 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10478945

MIAMI REALTORS® MLS

APN: 24-4232-024-0160