NOT LISTED FOR SALE

245 Michigan Ave Unit LP5 Miami Beach, FL 33139

South Pointe Neighborhood

Estimated Value: $1,401,000 - $2,080,000

3 Beds
3 Baths
1,798 Sq Ft
2004 Built

Last Sold November 28, 2022

Last sale price $1,575,000 $876 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $11,935/month

32 Days on Market

Highlights

  • Newly Remodeled
  • Skyline View
  • Balcony
  • South Pointe Elementary School Rated A-
  • Heated Community Pool
  • Porch

About This Home

As of November 2022

3 bedroom Loft South of Fifth with amazing sunset views! Absolut Lofts is a boutique modern building designed by the award winning architect Kobi Karp. Located South Of Fifth on a quiet street. This 1800SF PH-5 has been beautifully remodeled with high end finishes. The 20ft floor to ceiling impact windows overlook South Point Elementary park. Three bedrooms all with en-suite baths and large closets, balconies, and an enormous private rooftop terrace. Beautiful pool, 2+ assigned indoor parking spaces plus storage. Security cameras, Smart AC and more. TENANT IN PLACE TILL JUNE 2023.

Last Agent to Sell the Property

Daniel Hechtkopf

Compass Florida, LLC. License #3219410 Listed on: 01/07/2022

Compass Florida, LLC.

Co-Listed By

Marci DeClaris

Compass Florida, LLC. License #3443984

Last Buyer's Agent

Sladja Stantic

Real Broker LLC License #3044822

Real Broker LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,070

Year Built

  • Built in 2004 | Newly Remodeled

Parking

  • 2 Car Attached Garage
  • Assigned Parking

Property Views

  • Skyline
  • Garden

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,798 Sq Ft Home
  • 4-Story Property
  • Ceramic Tile Flooring
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Upstairs
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Porch

Additional Features

  • Privacy Fence
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-42-03-280-0100

Community Details

Overview

  • Property has a Home Owners Association
  • 20 Units
  • Low-Rise Condominium
  • Absolut Lofts Condos
  • Absolut Condo Subdivision

Recreation

  • Heated Community Pool

Pet Policy

  • Breed Restrictions

Security

  • Secure Elevator
  • Complex Is Fenced

Additional Features

  • Community Storage Space
  • Maintenance Expense $850

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,070

Year Built

Built in 2004 | Newly Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2004
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit
  • Co List Office Mls Id: DEOM01
  • Co List Office Phone: 305-695-6300
  • Entry Level: 3
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 1-4 Stories, Condo
  • Subdivision Name: ABSOLUT CONDO
  • Year Built Details: New Construction
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Refrigerator, Washer
  • Interior Amenities: First Floor Entry
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Flooring: Ceramic Floor
  • Furnished: Unfurnished
  • Living Area: 1798
  • Possible Use: Unknown/Withheld
  • Stories: 4
  • Bedroom Features: Master Bedroom Upstairs

Exterior Features

  • View: Garden View, Skyline
  • Exterior Features: Open Balcony
  • Construction Type: CBS Construction
  • Fencing: Privacy
  • Patio And Porch Features: Open Balcony, Open Porch
  • Pool Private: No
  • Property Condition: New Construction
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: Absolut Lofts
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 2 Or More Spaces, Assigned, Parking-Under Building

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Complex Fenced, Elevator Secure

Condo/Co-op/Association

  • Amenities: Elevator(s), Storage, Heated Pool
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-42-03-280-0100
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Maintenance Expense: 850
  • Number Of Units In Community: 20
  • Number Of Units Total: 20

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 11070

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 7, 2022
Closed on
Nov 28, 2022
Sold by
Ullrich Monica
Bought by
Maverick Property Holdings Llc
Seller's Agent
Daniel Hechtkopf
Compass Florida, LLC.
Buyer's Agent
Sladja Stantic
Real Broker LLC
List Price
$1,700,000
Sold Price
$1,575,000
Premium/Discount to List
-$125,000
-7.35%
Views
6
Current Estimated Value
$1,794,502

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$219,502
Avg. Annual Appreciation
4.09%
Original Mortgage
$1,341,750
Outstanding Balance
$1,302,824
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$452,120

Purchase Details

Listed on
Jan 7, 2022
Closed on
Nov 4, 2022
Sold by
Gotham Vice Llc
Bought by
Maverick Property Holdings Llc
Seller's Agent
Daniel Hechtkopf
Compass Florida, LLC.
Buyer's Agent
Sladja Stantic
Real Broker LLC
List Price
$1,700,000
Sold Price
$1,575,000
Premium/Discount to List
-$125,000
-7.35%
Views
6

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,341,750
Outstanding Balance
$1,302,824
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$452,120

Purchase Details

Listed on
Dec 12, 2018
Closed on
May 29, 2019
Sold by
Suar Llc
Bought by
Gotham Vice Llc
Seller's Agent
Pamela Bahouth
London Foster Realty
Buyer's Agent
Daniel Hechtkopf
Compass Florida, LLC.
List Price
$1,199,000
Sold Price
$1,030,000
Premium/Discount to List
-$169,000
-14.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.90%
Original Mortgage
$660,000
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 25, 2013
Closed on
Aug 21, 2014
Sold by
Saydkhuzhin Tagir
Bought by
Suarc Llc
Seller's Agent
David Diaz
BrokerNation Real Estate
Buyer's Agent
Christian Brandl
London Foster Realty
List Price
$950,000
Sold Price
$940,000
Premium/Discount to List
-$10,000
-1.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.94%

Purchase Details

Listed on
Mar 29, 2013
Closed on
Apr 15, 2013
Sold by
Rosenblit Robert C and Rosenblit Maryellen
Bought by
Saydkhuzhin Tagir
Seller's Agent
Josh Stein
Global Luxury Realty LLC
Buyer's Agent
David Diaz
BrokerNation Real Estate
List Price
$820,000
Sold Price
$785,000
Premium/Discount to List
-$35,000
-4.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.28%

Purchase Details

Closed on
May 18, 2006
Sold by
Peckham Mark
Bought by
J R A Investments Inc

Purchase Details

Closed on
Sep 22, 2004
Sold by
South Pointe Llc
Bought by
Rosenblit Robert C and Rosenblit Mary Ellen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
5.62%
Mortgage Type
Unknown
Source: Public Records

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
Maverick Property Holdings Llc -- Transamerican Title & Settleme
Maverick Property Holdings Llc $1,575,000 Trans American Title
Gotham Vice Llc $1,030,000 Attorney
Suarc Llc $940,000 Consumers First Title Co Inc
Saydkhuzhin Tagir $785,000 Exclusive Title Company Inc
J R A Investments Inc $545,300 None Available
Rosenblit Robert C $670,000 Union Title Services Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maverick Property Holdings Llc $730,000
Open Maverick Property Holdings Llc $1,341,750
Previous Owner Gotham Vice Llc $660,000
Previous Owner Rosenblit Robert C $250,000
Previous Owner Rosenblit Robert C $400,000
Closed Rosenblit Robert C $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/28/2022 11/28/22 Sold $1,575,000 -7.4% $876 / Sq Ft
02/08/2022 02/08/22 Pending -- -- --
01/07/2022 01/07/22 For Sale $1,700,000 0.0% $945 / Sq Ft
05/01/2020 05/01/20 Rented $6,400 -5.2% --
03/03/2020 03/03/20 For Rent $6,750 0.0% --
05/29/2019 05/29/19 Sold $1,030,000 0.0% $573 / Sq Ft
03/25/2019 03/25/19 Rented $6,250 0.0% --
01/29/2019 01/29/19 Price Changed $1,150,000 0.0% $640 / Sq Ft
01/28/2019 01/28/19 Price Changed $7,000 0.0% $4 / Sq Ft
12/12/2018 12/12/18 For Sale $1,199,000 0.0% $667 / Sq Ft
12/11/2018 12/11/18 For Rent $7,500 0.0% --
08/21/2014 08/21/14 Sold $940,000 -1.1% $523 / Sq Ft
08/02/2014 08/02/14 Pending -- -- --
06/25/2013 06/25/13 For Sale $950,000 +21.0% $528 / Sq Ft
04/16/2013 04/16/13 Sold $785,000 -4.3% $437 / Sq Ft
03/29/2013 03/29/13 Pending -- -- --
03/29/2013 03/29/13 For Sale $820,000 -- $456 / 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 $25,319 $1,347,400 -- --
2024 $24,720 $1,347,400 -- --
2023 $24,720 $1,308,155 $0 $0
2022 $12,379 $630,685 $0 $0
2021 $11,070 $573,350 $0 $0
2020 $15,416 $796,320 $0 $0
2019 $13,778 $711,000 $0 $0
2018 $14,530 $772,700 $0 $0
2017 $14,715 $772,700 $0 $0
2016 $15,009 $772,700 $0 $0
2015 $15,309 $772,700 $0 $0
2014 $13,083 $643,920 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Daniel Hechtkopf

    Seller's Agent in 2022

    Daniel Hechtkopf

    Compass Florida, LLC.

    (305) 323-3247

    27 in this area

    74 Total Sales

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  • Marci DeClaris

    Seller Co-Listing Agent in 2022

    Marci DeClaris

    Compass Florida, LLC.

    (305) 498-2755

    17 in this area

    35 Total Sales

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  • Sladja Stantic

    Buyer's Agent in 2022

    Sladja Stantic

    Real Broker LLC

    (305) 799-7697

    8 in this area

    34 Total Sales

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  • Pamela Bahouth

    Seller's Agent in 2019

    Pamela Bahouth

    London Foster Realty

    (305) 469-3100

    2 in this area

    11 Total Sales

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  • Jolanta Dussaud

    Buyer's Agent in 2019

    Jolanta Dussaud

    JD Realty LLC

    (305) 323-8714

    4 in this area

    14 Total Sales

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  • David Diaz

    Seller's Agent in 2014

    David Diaz

    BrokerNation Real Estate

    (305) 218-6916

    9 Total Sales

    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11142976

MIAMI REALTORS® MLS

APN: 02-4203-280-0100

Florida Miami/Dade County Miami Beach 33139 South Pointe

245 Michigan Ave Unit LP5, Miami Beach, FL

This home is located at 245 Michigan Ave Unit LP5, Miami Beach, FL 33139 since 07 January 2022 and is currently estimated at $1,754,944, approximately $976 per square foot. This property was built in 2004. 245 Michigan Ave Unit LP5 is a home located in Miami-Dade County with nearby schools including South Pointe Elementary School, 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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