$188,000
SOLD JUL 16, 2020
1 Bed
1 Bath
830 Sq Ft
$691/mo HOA Fee

Recently Sold

$227 Per Sq Ft

75,100% Above List Price

88 Days on Market

Highlights

  • Doorman
  • Intercom to Front Desk
  • Wood Flooring
  • Fitness Center
  • Skyline View
  • 4-minute walk to SoundScape Park

About This Home

As of July 2021

Repriced.. Rarely available! Spacious 1/1 with wood floors throughout. Updated cabinetry with stainless steel appliance. Large open space- was converted from 2 bedroom to 1 bedroom and can easily be converted back. Large master with huge walk in closet. Great storage expansive city views. Just steps to the beach /Lincoln road and Entertainment area. Pool parking and gym.. On site mgmt, 24 hour valet front desk. Pets up to 75lb. Can be rented 2 times per year. Owner occupied Fully Funded reserves

Last Agent to Sell the Property

Heather McCabe

Beachfront Realty Inc License #3035978 Listed on: 03/11/2020

Beachfront Realty Inc

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,518

Year Built

  • Built in 1966

Lot Details

  • South Facing Home
  • Land Lease of $2 per month

HOA Fees

  • $691 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Open Parking

Home Design

  • Stucco Exterior

Interior Spaces

  • 830 Sq Ft Home
  • Ceiling Fan
  • Combination Dining and Living Room
  • Video Cameras

Kitchen

  • Electric Range
  • Microwave

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • 1 Full Bathroom

Additional Features

  • Accessible Elevator Installed
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-32-34-094-0910

Community Details

Overview

  • 117 Units
  • High-Rise Condominium
  • Octagon Towers Condos
  • Octagon Towers I Condo Subdivision
  • 16-Story Property

Amenities

  • Doorman
  • Valet Parking
  • Laundry Facilities
  • Intercom to Front Desk
  • Bike Room

Recreation

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Building Details

Security

  • High Impact Windows
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,518

Year Built

Built in 1966

Lot Details

0

HOA Fees

$691 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1966
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Entry Level: 8
  • Garage Yn: Yes
  • 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
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Microwave, Electric Range, Refrigerator
  • Interior Amenities: Lobby, Elevator
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Tile, Wood
  • Furnished: Unfurnished
  • Living Area: 830
  • Possible Use: Secondary
  • Stories: 16
  • Window Features: Clear Impact Glass, High Impact Windows
  • Bedroom Features: Master Bedroom Ground Level
  • Dining Room Features: Dining/Living Room

Exterior Features

  • View: Skyline
  • Exterior Features: Exterior Cat Walk, Other
  • Construction Type: Stucco
  • Direction Faces: South
  • Pool Private: Yes
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: Octagon Towers
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Open Parking: Yes
  • Parking Features: 1 Space, Open, Valet

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Common Area
  • Security: Fire Alarm, Doorman, Intercom In Lobby, TV Camera

Condo/Co-op/Association

  • Association Fee: 691
  • Amenities: Bike Storage, Laundry, Exercise Room, Private Pool
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-32-34-094-0910
  • Land Lease Amount Frequency: Monthly
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: More Than 20 Lbs
  • Land Lease Amount: 2

Multi Family

  • Maintenance Expense: 691
  • Number Of Units In Community: 117

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 1518

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2021
Closed on
Jul 28, 2021
Sold by
Sones Andrew R
Bought by
Meridian Dade Rentals Llc
Seller's Agent
Heather McCabe
Beachfront Realty Inc
Buyer's Agent
Ashley Boyd
One Sotheby's International Re
List Price
$255,000
Sold Price
$240,000
Premium/Discount to List
-$15,000
-5.88%
Current Estimated Value
$412,497

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$172,497
Avg. Annual Appreciation
13.82%

Purchase Details

Listed on
Mar 11, 2020
Closed on
Jul 20, 2020
Sold by
Hyman Ronald
Bought by
Sones Andrew R
Seller's Agent
Heather McCabe
Beachfront Realty Inc
List Price
$250
Sold Price
$188,000
Premium/Discount to List
$187,750
75100%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.47%

Purchase Details

Closed on
Nov 16, 1995
Sold by
Octagon Towers Associates
Bought by
Hyman Ronald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
7.54%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $240,000 Attorney
Warranty Deed $188,000 None Available
Deed $98,900 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $58,200 New Conventional
Previous Owner $60,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2021 07/30/21 Sold $240,000 -3.8% $289 / Sq Ft
07/04/2021 07/04/21 Pending -- -- --
06/30/2021 06/30/21 Price Changed $249,500 -2.2% $301 / Sq Ft
05/10/2021 05/10/21 Price Changed $255,000 -3.8% $307 / Sq Ft
05/09/2021 05/09/21 Price Changed $265,000 +3.9% $319 / Sq Ft
04/29/2021 04/29/21 For Sale $255,000 +35.6% $307 / Sq Ft
07/16/2020 07/16/20 Sold $188,000 -6.0% $227 / Sq Ft
06/07/2020 06/07/20 Pending -- -- --
05/01/2020 05/01/20 Price Changed $200,000 -14.9% $241 / Sq Ft
04/15/2020 04/15/20 Price Changed $235,000 -6.0% $283 / Sq Ft
03/11/2020 03/11/20 Price Changed $250,000 +99900.0% $301 / Sq Ft
03/11/2020 03/11/20 For Sale $250 -- $0 / 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 $4,505 $239,408 -- --
2024 $3,980 $217,644 -- --
2023 $3,980 $197,859 $0 $0
2022 $3,380 $179,872 $0 $0
2021 $3,101 $160,600 $0 $0
2020 $1,569 $121,859 $0 $0
2019 $1,518 $119,120 $0 $0
2018 $1,426 $116,899 $0 $0
2017 $1,403 $114,495 $0 $0
2016 $1,390 $112,141 $0 $0
2015 $1,406 $111,362 $0 $0
2014 $1,428 $110,479 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10832454

MIAMI REALTORS® MLS

APN: 02-3234-094-0910