NOT LISTED FOR SALE

Estimated Value: $1,439,370

2 Beds
2 Baths
1,000 Sq Ft
2003 Built

Sale Details

Date Sold: February 25, 2014

Last sale price $820,000 $820 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $10,266 / mo

133 Days on Market

Highlights

  • Ocean Front
  • Heated Pool
  • Clubhouse
  • Fitness Center
  • Active Adult
  • 2-minute walk to Marjory Stoneman Douglas Park

About This Home

As of February 2014

The two bedroom, two bathroom residence is located in the coveted South of Fifth neighborhood in South Beach and offers direct views of the ocean and park. The residence features marble floors, an open kitchen and a spacious terrace. Ocean Place is in t he heart of South Beach and includes: private gated parking, pool and spa, fitness center and 24-hour security. Short term rentals are allowed.

Last Agent to Sell the Property

Pietro Belmonte

Douglas Elliman License #3197184 Listed on: 10/15/2013

Co-Listed By

Leslie Brewer

MMLS Assoc.-Inactive Member License #3246969

Last Buyer's Agent

Yanely Cruz

Keller Williams Realty Miami Beach License #3118378

Keller Williams Realty Miami Beach
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Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,639

Year Built

  • Built in 2003

Lot Details

  • Ocean Front
  • East Facing Home

HOA Fees

  • $890 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • Secured Garage or Parking

Home Design

  • Entry on the 5th floor

Interior Spaces

  • 1,000 Sq Ft Home
  • Combination Dining and Living Room
  • Marble Flooring
  • Ocean Views
  • Washer

Kitchen

  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Home Security

Outdoor Features

  • Heated Pool
  • Property has ocean access
  • Balcony
  • Open Patio
  • Outdoor Living Area

Utilities

  • Central Heating and Cooling System
  • Municipal Trash

Listing and Financial Details

  • Assessor Parcel Number 0242032660380

Community Details

Overview

  • Active Adult
  • Association fees include common areas, hot water, ground maintenance, maintenance structure, pool(s), roof, sewer, security, trash, water
  • 49 Units
  • Maintained Community
  • Community Parking
  • 8-Story Property

Amenities

  • Clubhouse
  • Secure Lobby
  • Elevator

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed with Restrictions

Security

  • Card or Code Access
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,639

Year Built

Built in 2003

Lot Details

0 Sq Ft Lot

HOA Fees

$890 per month

Parking

1

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Year Built: 2003
  • MLS Status: Closed
  • Standard Status: Closed
  • Entry Level: 5
  • New Construction: No
  • DelayedMarketingYN: No
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Elevator, Living/Dining Room, Main Level Primary
  • Appliances: Dishwasher, Electric Range, Disposal, Ice Maker, Microwave, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Marble
  • Living Area: 1000.0
  • Stories: 8

Exterior Features

  • Exterior Features: Balcony, Outdoor Living Area
  • View: Ocean
  • Pool Features: Association, Heated
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front, Other
  • Waterfront: Yes
  • Construction Type: Block
  • Direction Faces: East
  • Patio And Porch Features: Open, Balcony
  • Property Condition: Resale

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Open Parking Spaces: 1.0
  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Garage Yn: Yes
  • Parking Features: Attached, Covered, Garage, Garage Door Opener

Utilities

  • Security: Secured Garage/Parking, Key Card Entry, Lobby Secured, Smoke Detector(s)
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 890.0
  • Pets Allowed: Yes
  • Senior Community: Yes
  • Amenities: Clubhouse, Fitness Center, Maintenance Grounds, Pool, Parking, Spa/Hot Tub, Trash, Elevator(s)
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: Pet Restrictions, Yes
  • Common Interest: Condominium

Fee Information

  • Association Fee Includes: Common Areas, Hot Water, Maintenance Grounds, Maintenance Structure, Pool(s), Roof, Sewer, Security, Trash, Water

Lot Info

  • Parcel #: 0242032660380
  • Mobile Dim Units: Feet

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 10639.0

Multi Family

  • Number Of Units In Community: 49

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2013
Closed on
Mar 11, 2014
Sold by
Geer David C and Greer David C
Bought by
Seller's Agent
Pietro Belmonte
Douglas Elliman
Buyer's Agent
Yanely Cruz
Keller Williams Realty Miami Beach
List Price
$895,000
Sold Price
$820,000
Premium/Discount to List
-$75,000
-8.38%
Current Estimated Value
$1,439,370

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$619,370
Avg. Annual Appreciation
4.57%
Original Mortgage
$529,750
Outstanding Balance
$398,665
Interest Rate
5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,040,705

Purchase Details

Closed on
Jan 25, 2008
Sold by
Sutton Linda
Bought by
Greer David C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 27, 2004
Sold by
Mendelman Rafael
Bought by
Sutton Linda C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,250
Interest Rate
5.88%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Mar 12, 2003
Sold by
226 Ocean Drive Ltd
Bought by
Mandelman Rafi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,510
Interest Rate
5.25%
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$820,000 Global Title Company Llc
Greer David C $710,000 Attorney
Sutton Linda C $621,500 South Florida Title Group
Mandelman Rafi $416,700 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $529,750
Previous Owner Greer David C $180,000
Previous Owner Greer David C $417,000
Previous Owner Sutton Linda $57,920
Previous Owner Sutton Linda C $380,250
Previous Owner Mandelman Rafi $312,510
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/25/2014 02/25/14 Sold $820,000 -8.4% $820 / Sq Ft
02/25/2014 02/25/14 Pending -- -- --
10/15/2013 10/15/13 For Sale $895,000 -- $895 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $14,257 $748,160
2024 $12,528 $680,146
2023 $12,528 $618,315 $0 $0
2022 $11,357 $562,105 $0 $0
2021 $10,843 $511,005 $0 $0
2020 $8,993 $464,550 $0 $0
2019 $9,002 $464,550 $0 $0
2018 $11,067 $588,559 $0 $0
2017 $11,208 $588,559 $0 $0
2016 $13,450 $692,422 $0 $0
2015 $13,065 $659,450 $0 $0
2014 $11,910 $559,154 $0 $0
Source: Public Records

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: A1862057

BeachesMLS (Greater Fort Lauderdale)

APN: 02-4203-266-0380

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