$450,000
SOLD MAR 25, 2025

227 NE 2nd St Unit 1902 Miami, FL 33132

Downtown Miami Neighborhood
1 Bed
1 Bath
599 Sq Ft
$946/mo HOA Fee

Recently Sold

$751 Per Sq Ft

10% Below List Price

159 Days on Market

Highlights

  • Doorman
  • 2-minute walk to College/Bayside
  • Fitness Center
  • Community Cabanas
  • Bar or Lounge
  • Bay View

About This Home

As of March 2025

Miami's Hidden Gem in Downtown Miami under $500k! Seller Motivated ! Unit comes turnkey ready ! This is a 1/1 w/the largest square footage at ( 599 sqft) and considered the best floorplan offered ! Building is super clean , well kept and great management onsite ! Owners have access to the 31st floor amenities for your enjoyment ( Hotel Guest not allowed) with your very own pet spa and lounge room to work , relax or have a little gathering ! Full Service Cafe Restaurant in the lobby and nice pool area with full service bar for your enjoyment ! Building is Rental friendly with NO RESTRICTIONS ! Can rent daily , weekly, monthly , yearly or use for yourself ! Great Location as well , walking distance to Bayfront park, Miami World Center , Miami College and next to the Metro! Comes w/ storage

Last Agent to Sell the Property

Justin Knops

K & M Realty Holdings Corporation License #3242652 Listed on: 08/23/2024

Co-Listed By

Michael Greene

K & M Realty Holdings Corporation License #3487215

Last Buyer's Agent

Boris Gelfand

Gelfand Realty, Inc. License #3273270

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,127

Year Built

  • Built in 2022

HOA Fees

  • $946 Monthly HOA Fees

Property Views

  • Bay
  • Skyline

Home Design

  • Entry on the 19th floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 599 Sq Ft Home
  • Furnished
  • Built-In Features
  • Blinds
  • Ceramic Tile Flooring

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • Walk-In Closet
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Additional Features

  • Energy-Efficient Appliances
  • Balcony
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 01-42-06-070-0370

Community Details

Overview

  • Yotelpad Condos
  • Yotelpad Subdivision
  • 31-Story Property

Amenities

  • Doorman
  • Valet Parking
  • Clubhouse
  • Billiard Room
  • Bar or Lounge

Recreation

  • Fitness Center
  • Community Cabanas
  • Community Pool
  • Community Spa

Pet Policy

  • Breed Restrictions

Security

  • Card or Code Access
  • Secure Elevator
  • Clear Impact Glass

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,127

Year Built

Built in 2022

Lot Details

0

HOA Fees

$946 per month

Listing Details

  • Property Type: Residential
  • Year Built: 2022
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit
  • Co List Office Mls Id: KMRC01
  • Co List Office Phone: 305-456-0418
  • Entry Level: 19
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: YotelPad
  • Year Built Details: Resale
  • 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, Walk-In Closet(s)
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Ceramic Floor, Tile
  • Furnished: Furnished
  • Living Area: 599
  • Possible Use: Investment
  • Stories: 31
  • Window Features: Clear Impact Glass, Blinds
  • Bedroom Features: Other

Exterior Features

  • View: Bay, Skyline
  • Exterior Features: Open Balcony
  • Construction Type: CBS Construction
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: YotelPad
  • Parking Features: Valet

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Doorman, Elevator Secure, Card Entry

Condo/Co-op/Association

  • Association Fee: 946
  • Amenities: Bar, Billiard Room, Cabana, Clubhouse-Clubroom, Exercise Room, Pool, Spa/Hot Tub
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 01-42-06-070-0370
  • ResoLotSizeUnits: SquareFeet

Green Features

  • Efficiency: Appliances

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 7127

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 23, 2024
Closed on
Mar 20, 2025
Sold by
Villas De Miami Llc
Bought by
Anderson Ekaterina
Seller's Agent
Justin Knops
K & M Realty Holdings Corporation
Buyer's Agent
Boris Gelfand
Gelfand Realty, Inc.
List Price
$499,000
Sold Price
$450,000
Premium/Discount to List
-$49,000
-9.82%
Views
9
Current Estimated Value
$461,789

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,789
Avg. Annual Appreciation
0.24%
Original Mortgage
$170,000
Outstanding Balance
$169,411
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$281,130

Purchase Details

Closed on
Jul 18, 2024
Sold by
444 Rkkf Llc
Bought by
Villas De Miami

Purchase Details

Closed on
Apr 22, 2022
Sold by
Ne 2Nd Acquisition Llc
Bought by
444 Rkkf Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,200
Interest Rate
4.16%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 $450,000 Southeastern Title
Warranty Deed $450,000 Southeastern Title
Certificate Of Transfer $375,400 --
Special Warranty Deed $392,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $170,000 New Conventional
Closed $170,000 New Conventional
Previous Owner $235,200 New Conventional
Previous Owner $235,200 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/25/2025 03/25/25 Sold $450,000 -6.2% $751 / Sq Ft
01/29/2025 01/29/25 Pending -- -- --
10/16/2024 10/16/24 Price Changed $479,900 -1.0% $801 / Sq Ft
09/28/2024 09/28/24 Price Changed $484,900 -1.0% $810 / Sq Ft
09/08/2024 09/08/24 Price Changed $489,900 -1.8% $818 / Sq Ft
08/23/2024 08/23/24 For Sale $499,000 -- $833 / 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 $8,079 $405,444 -- --
2024 $7,127 $372,900 -- --
2023 $7,127 $339,000 $0 $0
2022 $854 $40,529 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11647033

MIAMI REALTORS® MLS

APN: 01-4206-070-0370