NOT LISTED FOR SALE

Octagon Towers 1881 Washington Ave Unit 4B Miami Beach, FL 33139

City Center Neighborhood

Estimated Value: $378,967 - $466,000

2 Beds
2 Baths
940 Sq Ft
$452/Sq Ft Est. Value

Last Sold December 15, 2023

Last sale price $385,000 $410 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,747/month

48 Days on Market

Highlights

  • Doorman
  • Community Pool
  • Card or Code Access
  • Fitness Center
  • Elevator
  • 4-minute walk to SoundScape Park

About This Home

As of December 2023

Spacious split floor plan 2 bedroom 2 bathroom condo on suite bath rooms and extra office space. Primary suite has walk in closets plus extra storage space or can be used as a office. New luxury Vynl flooring and new epoxy countertops. In unit washer/dryer.
Walking distance to Lincoln road, convention center, beach, and all that south beach has to offer. Building amentities include valet, front desk, secure lobby, gated parking, pool and gym. Water and cable included in HOA

Building Alows short term rentals & has reserves! Excellent opportunity for investors & primary home owners.

Last Agent to Sell the Property

April Barton

The Inside Network License #3411773 Listed on: 10/27/2023

Co-Listed By

Caroline Silva

MMLS Assoc.-Inactive Member License #3553709

Last Buyer's Agent

Richard Corrales

Silverleaf Realty Group License #3280975

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,185

Year Built

  • Built in 1966

HOA Fees

  • $992 Monthly HOA Fees

Home Design

  • Stilt Home
  • Concrete Block And Stucco Construction

Interior Spaces

  • 940 Sq Ft Home
  • Vinyl Flooring

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 1 Carport Space
  • 1 Car Parking Space
  • Guest Parking

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-32-34-094-0170

Community Details

Overview

  • Octagon Towers I Condo Subdivision
  • 16-Story Property

Amenities

  • Doorman
  • Valet Parking
  • Laundry Facilities
  • Elevator
  • Secure Lobby

Recreation

Security

  • Card or Code Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,185

Year Built

Built in 1966

Lot Details

0

HOA Fees

$992 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1966
  • Property Sub Type: Condominium
  • Architectural Style: Stilt
  • Co List Office Mls Id: CPES01
  • Co List Office Phone: 305-602-4410
  • Entry Level: 4
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: OCTAGON TOWERS I CONDO
  • Year Built Details: Resale
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Vinyl
  • Furnished: Unfurnished
  • Living Area: 940
  • Possible Use: Investment
  • Stories: 16
  • Bedroom Features: None

Exterior Features

  • View: Other View, None
  • Exterior Features: None
  • Construction Type: CBS Construction
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: OCTAGON TOWERS
  • Carport Spaces: 1
  • Covered Parking Spaces: 1
  • Parking Features: 1 Space, Guest, Valet

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Common Area
  • Security: Doorman, Card Entry, Lobby Secured

Condo/Co-op/Association

  • Association Fee: 992
  • Amenities: Elevator(s), Exercise Room, Pool
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-32-34-094-0170
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 4185

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 30, 2021
Closed on
Oct 7, 2021
Sold by
Wolfs Remer and Wolfs Bahareh Keshavarz
Bought by
Summer Ray Estate Llc
Seller's Agent
Heather McCabe
Beachfront Realty Inc
Buyer's Agent
April Barton
The Inside Network
List Price
$255,000
Sold Price
$250,000
Premium/Discount to List
-$5,000
-1.96%
Current Estimated Value
$425,242

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$175,242
Avg. Annual Appreciation
15.39%

Purchase Details

Listed on
Sep 24, 2013
Closed on
Mar 13, 2014
Sold by
Olivadoti Rick
Bought by
Wolfs Reimer and Wolfs Bahareh Keshavarz
Seller's Agent
Scott Klein
MMLS Assoc.-Inactive Member
Buyer's Agent
Francisco Paz
Paz Realty, LLC
List Price
$283,000
Sold Price
$260,000
Premium/Discount to List
-$23,000
-8.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.52%
Original Mortgage
$182,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
May 17, 2012
Closed on
Jul 18, 2012
Sold by
Sam Gina
Bought by
Olivadoti Rick
Seller's Agent
Ivan Zapata
MMLS Assoc.-Inactive Member
Buyer's Agent
Scott Klein
MMLS Assoc.-Inactive Member
List Price
$180,000
Sold Price
$180,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.96%

Purchase Details

Closed on
Sep 15, 2009
Sold by
Bank Of America National Association
Bought by
Sam Gina

Purchase Details

Closed on
Dec 23, 2008
Sold by
Castillo Irela
Bought by
Bank Of America National Association

Purchase Details

Closed on
Nov 21, 2005
Sold by
Casau Group Inc
Bought by
Castillo Irela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,067
Interest Rate
6.25%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Aug 25, 2003
Sold by
Saumat Giorgio R
Bought by
Casau Group Inc

Purchase Details

Closed on
Jun 26, 2003
Sold by
Camji Victor
Bought by
Camji Georgina F

Purchase Details

Closed on
Mar 21, 1996
Sold by
Octagon Towers Associates
Bought by
Gregorio Jamard Jose R and Ruiz Gregorio Lidia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,100
Interest Rate
6.97%
Mortgage Type
New Conventional
Source: Public Records

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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
Summer Ray Estate Llc $250,000 Attorney
Wolfs Reimer $260,000 Elite Title Services Inc
Olivadoti Rick $180,000 --
Sam Gina $134,500 New House Title Llc
Bank Of America National Association -- None Available
Castillo Irela -- --
Casau Group Inc -- --
Casau Group Inc -- --
Casau Group Inc -- --
Camji Georgina F -- --
Gregorio Jamard Jose R $88,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wolfs Reimer $182,000
Previous Owner Castillo Irela $50,000
Previous Owner Castillo Irela $226,067
Previous Owner Gregorio Jamard Jose R $71,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2023 12/15/23 Sold $385,000 -2.5% $410 / Sq Ft
10/27/2023 10/27/23 For Sale $395,000 +58.0% $420 / Sq Ft
10/08/2021 10/08/21 Sold $250,000 -11.3% $266 / Sq Ft
09/06/2021 09/06/21 Pending -- -- --
07/23/2021 07/23/21 Price Changed $282,000 -5.7% $300 / Sq Ft
05/10/2021 05/10/21 Price Changed $299,000 +17.3% $318 / Sq Ft
03/30/2021 03/30/21 For Sale $255,000 0.0% $271 / Sq Ft
02/17/2020 02/17/20 Rented $2,000 0.0% --
02/11/2020 02/11/20 Under Contract -- -- --
12/17/2019 12/17/19 Price Changed $2,000 -1.2% $2 / Sq Ft
11/21/2019 11/21/19 Price Changed $2,025 -5.8% $2 / Sq Ft
10/08/2019 10/08/19 For Rent $2,150 +7.5% --
11/22/2018 11/22/18 Rented $2,000 0.0% --
10/28/2018 10/28/18 Price Changed $2,000 -11.1% $2 / Sq Ft
07/29/2018 07/29/18 For Rent $2,250 0.0% --
03/14/2014 03/14/14 Sold $260,000 -4.9% $277 / Sq Ft
01/30/2014 01/30/14 Pending -- -- --
01/25/2014 01/25/14 Price Changed $273,500 -0.4% $291 / Sq Ft
01/10/2014 01/10/14 Price Changed $274,500 -2.8% $292 / Sq Ft
09/27/2013 09/27/13 Price Changed $282,500 -0.2% $301 / Sq Ft
09/24/2013 09/24/13 For Sale $283,000 +57.2% $301 / Sq Ft
07/19/2012 07/19/12 Sold $180,000 0.0% $191 / Sq Ft
06/19/2012 06/19/12 Pending -- -- --
05/17/2012 05/17/12 For Sale $180,000 -- $191 / 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
2024 $4,630 $294,036 -- --
2023 $4,630 $245,030 $0 $0
2022 $4,185 $222,755 $0 $0
2021 $3,740 $193,700 $0 $0
2020 $3,572 $184,500 $0 $0
2019 $3,405 $175,700 $0 $0
2018 $3,672 $195,266 $0 $0
2017 $3,638 $191,063 $0 $0
2016 $4,366 $224,780 $0 $0
2015 $4,124 $208,130 $0 $0
2014 $1,971 $137,177 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • April Barton

    Seller's Agent in 2023

    April Barton

    The Inside Network

    (305) 912-4727

    2 in this area

    28 Total Sales

    April Barton
    Section Image

  • C

    Seller Co-Listing Agent in 2023

    Caroline Silva

    MMLS Assoc.-Inactive Member

    (561) 579-5507

    Section Image
  • Richard Corrales

    Buyer's Agent in 2023

    Richard Corrales

    Silverleaf Realty Group

    (305) 793-3230

    4 in this area

    121 Total Sales

    Richard Corrales
    Section Image
  • Heather McCabe

    Seller's Agent in 2021

    Heather McCabe

    Beachfront Realty Inc

    (305) 213-5313

    9 in this area

    35 Total Sales

    Heather McCabe
    Section Image

  • M

    Buyer's Agent in 2020

    Maria Leon

    Capital Investments Realty LLC

    4 Total Sales

    Maria Leon
    Section Image
  • Francisco Paz

    Seller's Agent in 2018

    Francisco Paz

    Paz Realty, LLC

    (305) 903-3655

    7 Total Sales

    Francisco Paz
    Section Image
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About Octagon Towers

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11476728

MIAMI REALTORS® MLS

APN: 02-3234-094-0170

Florida Miami/Dade County Miami Beach 33139 City Center

1881 Washington Ave Unit 4B, Miami Beach, FL

This home is located at 1881 Washington Ave Unit 4B, Miami Beach, FL 33139 since 27 October 2023 and is currently estimated at $425,242, approximately $452 per square foot. This property was built in 1966. 1881 Washington Ave Unit 4B 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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