NOT LISTED FOR SALE

Estimated Value: $451,151 - $488,000

2 Beds
2 Baths
1,185 Sq Ft
2005 Built

Last Sold July 15, 2021

Last sale price $297,000 $251 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $3,058/month

1,712 Days on Market

Highlights

  • Doorman
  • 1-minute walk to College/Bayside
  • Heated Community Pool
  • Fitness Center
  • Sauna
  • Billiard Room

About This Home

As of July 2021

LOWER PENTHOUSE CORNER UNIT IN THE HEART OF DOWNTOWN MIAMI, SPACIOUS 2/2 LOFT. ONE BLOCK FROM BAYFRONT AND THE ARENA. METRO RIGHT IN FRONT. WRAP-AROUND TERRACE WITH NORTH, SOUTH AND WEST VIEWS. CONTEMPORARY KITCHEN WITH TERRAZO COUNTERTOPS . OPEN FLOORPLAN WITH LOTS OF LIGHT. ALL AMENITIES, HEATED POOL .

Last Agent to Sell the Property

Pedro Acosta

Optimar International Realty License #0705376 Listed on: 09/26/2016

Optimar International Realty

Last Buyer's Agent

Cynthia Griffin

LPT Realty, LLC License #3348198

LPT Realty, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,026

Year Built

  • Built in 2005

Parking

  • 1 Car Detached Garage

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,185 Sq Ft Home
  • Concrete Flooring
  • Property Views

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Additional Features

  • Accessible Elevator Installed
  • Balcony
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 01-41-37-051-1510

Community Details

Overview

  • Property has a Home Owners Association
  • Club Membership Required
  • High-Rise Condominium
  • The Loft Downtown Condos
  • 24-Story Property

Amenities

  • Doorman
  • Valet Parking
  • Sauna
  • Trash Chute
  • Billiard Room
  • Secure Lobby
  • Elevator

Recreation

Pet Policy

  • Pets Allowed

Building Details

  • Maintenance Expense $879

Security

  • Card or Code Access
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,026

Year Built

Built in 2005

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 2005
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Entry Level: 23
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Structure Type: Condo 5+ Stories, Condo
  • Year Built Details: Resale
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Electric Range, Refrigerator, Washer
  • Interior Amenities: Elevator, Fire Sprinklers
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Concrete
  • Furnished: Unfurnished
  • Living Area: 1185
  • Possible Use: Primary
  • Stories: 24
  • Bedroom Features: Entry Level

Exterior Features

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

Garage/Parking

  • Attached Garage: No
  • Park Building Name: The Loft Downtown
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space, Detached, Valet

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Security: Fire Sprinklers, Smoke Detector, Doorman, Card Entry, Fire Alarm, Lobby Secured

Condo/Co-op/Association

  • Amenities: Billiard Room, Elevator(s), Exercise Room, Heated Pool, Exterior Lighting, Sauna, Trash Chute
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 01-41-37-051-1510
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes

Multi Family

  • Maintenance Expense: 879

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 5026

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 26, 2016
Closed on
Jul 15, 2021
Sold by
Rama Condos Llc
Bought by
Tong Alwin
Seller's Agent
Pedro Acosta
Optimar International Realty
Buyer's Agent
Cynthia Griffin
LPT Realty, LLC
List Price
$385,000
Sold Price
$297,000
Premium/Discount to List
-$88,000
-22.86%
Total Days on Market
1712
Current Estimated Value
$468,538

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$171,538
Avg. Annual Appreciation
13.03%
Original Mortgage
$237,600
Outstanding Balance
$217,998
Interest Rate
2.93%
Mortgage Type
New Conventional
Estimated Equity
$259,738

Purchase Details

Closed on
Mar 12, 2013
Sold by
Dodani Mohan A
Bought by
Rama Condos Llc

Purchase Details

Closed on
Aug 3, 2011
Sold by
Sanchez Raquel
Bought by
Dodani Mohan A

Purchase Details

Closed on
Mar 30, 2007
Sold by
Diez Simon
Bought by
Sanchez Raquel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
6.18%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 13, 2006
Sold by
234 Tower Llc
Bought by
Diez Simon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
6.22%
Mortgage Type
Fannie Mae Freddie Mac
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 Buyer Sale Price Title Company
Tong Alwin $297,000 Attorney
Rama Condos Llc -- None Available
Dodani Mohan A $138,000 The Title Connection
Sanchez Raquel $330,000 Sawgrass Title & Escrow Inc
Diez Simon $360,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rama Condos Llc $237,600
Closed Tong Alwin $237,600
Previous Owner Sanchez Raquel $264,000
Previous Owner Diez Simon $288,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2021 07/15/21 Sold $297,000 -0.7% $251 / Sq Ft
06/04/2021 06/04/21 Pending -- -- --
05/11/2021 05/11/21 Price Changed $299,000 -5.1% $252 / Sq Ft
05/04/2021 05/04/21 Price Changed $315,000 -3.1% $266 / Sq Ft
03/18/2021 03/18/21 Price Changed $325,000 +8.4% $274 / Sq Ft
04/07/2019 04/07/19 Price Changed $299,900 -3.3% $253 / Sq Ft
03/05/2019 03/05/19 Price Changed $310,000 -3.1% $262 / Sq Ft
12/20/2018 12/20/18 Price Changed $320,000 -3.0% $270 / Sq Ft
04/29/2017 04/29/17 Price Changed $330,000 -2.7% $278 / Sq Ft
02/18/2017 02/18/17 Price Changed $339,000 -2.9% $286 / Sq Ft
01/26/2017 01/26/17 Price Changed $349,000 -5.7% $295 / Sq Ft
11/28/2016 11/28/16 Price Changed $370,000 -2.6% $312 / Sq Ft
11/04/2016 11/04/16 Price Changed $380,000 -1.3% $321 / Sq Ft
09/26/2016 09/26/16 For Sale $385,000 -- $325 / 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 $6,849 $309,124 -- --
2023 $6,849 $281,022 $0 $0
2022 $5,386 $255,475 $0 $0
2021 $4,701 $216,504 $0 $0
2020 $5,236 $240,560 $0 $0
2019 $5,248 $240,560 $0 $0
2018 $5,311 $248,000 $0 $0
2017 $5,834 $268,408 $0 $0
2016 $5,746 $244,008 $0 $0
2015 $5,420 $221,826 $0 $0
2014 $4,670 $201,660 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10154503

MIAMI REALTORS® MLS

APN: 01-4137-051-1510