NOT LISTED FOR SALE

Estimated Value: $244,000 - $347,000

1 Bed
1 Bath
532 Sq Ft
1941 Built

Last Sold May 04, 2021

Last sale price $242,500 $456 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $2,068/month

165 Days on Market

Highlights

  • Intercom to Front Desk
  • Main Floor Bedroom
  • Views
  • North Beach Elementary School Rated A-
  • Cooling Available
  • 5-minute walk to 36th Street Park

About This Home

As of May 2021

The Madison Condo sits across the street from the beach in the Faena District in Miami Beach. This spacious junior one bedroom condo is on the first floor and offers over 530 Sq. Ft. of living area. It has white tile throughout, brand new stainless steel appliances and has been freshly painted. The condo offers a secured entrance with intercom, laundry facilities on every floor and security cameras throughout. You are walking distance to the beach, restaurants, shops and supermarkets. A Deco Bikes station is around the corner from the building and South Beach is an easy 5 minute ride away! No rental restrictions make this condo the perfect investment property or vacation home. (Agents see Broker Remarks)

Last Agent to Sell the Property

Mario Ojeda

Ojeda Lazar Real Estate Inc License #3098172 Listed on: 10/08/2020

Last Buyer's Agent

Pierce Love

1St Class Realty & Management Co. License #3060612

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,326

Year Built

  • Built in 1941

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 532 Sq Ft Home
  • 4-Story Property
  • Awning
  • Ceramic Tile Flooring
  • Video Cameras
  • Electric Range
  • Property Views

Bedrooms and Bathrooms

  • 1 Bedroom
  • Main Floor Bedroom
  • 1 Full Bathroom

Utilities

  • Cooling Available
  • Heating Available

Additional Features

  • Exterior Lighting
  • East of U.S. Route 1

Listing and Financial Details

  • Assessor Parcel Number 02-32-26-048-0290

Community Details

Overview

  • Property has a Home Owners Association
  • Low-Rise Condominium
  • The Madison Condo
  • The Madison Condo Subdivision

Pet Policy

  • Breed Restrictions

Security

  • Card or Code Access
  • Fire and Smoke Detector

Additional Features

  • Intercom to Front Desk
  • Maintenance Expense $300

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,326

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1941
  • Property Sub Type: Condominium
  • Entry Level: 1
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 1-4 Stories, Condo
  • Subdivision Name: THE MADISON CONDO
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Electric Range, Refrigerator
  • Interior Amenities: First Floor Entry
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Ceramic Floor
  • Furnished: Unfurnished
  • Living Area: 532
  • Possible Use: Investment
  • Stories: 4
  • Bedroom Features: At Least 1 Bedroom Ground Level

Exterior Features

  • View: Other View
  • Exterior Features: East Of Us1
  • Patio And Porch Features: Awning(s)
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: THE MADISON CONDO
  • Parking Features: None, Other

Utilities

  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Security: Smoke Detector, Card Entry, Intercom In Lobby, TV Camera

Condo/Co-op/Association

  • Amenities: Exterior Lighting
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-32-26-048-0290
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 3326

Multi Family

  • Maintenance Expense: 300

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2020
Closed on
May 3, 2021
Sold by
Hurwitz Alan
Bought by
Fil Sheridan Joseph
Seller's Agent
Mario Ojeda
Ojeda Lazar Real Estate Inc
Buyer's Agent
Pierce Love
1St Class Realty & Management Co.
List Price
$265,000
Sold Price
$242,500
Premium/Discount to List
-$22,500
-8.49%
Current Estimated Value
$314,174

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,674
Avg. Annual Appreciation
5.94%
Original Mortgage
$189,750
Outstanding Balance
$171,961
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$142,213

Purchase Details

Closed on
Nov 28, 2015
Sold by
Hurwitz Ana Lizano
Bought by
Hurwitz Alan

Purchase Details

Closed on
Oct 5, 2015
Sold by
Hurwitz Ana M Lizano
Bought by
Hurwitz Alan

Purchase Details

Closed on
Feb 8, 2005
Sold by
Hess Deborah and Ruggiero Doreen A
Bought by
Hurwitz Alan and Hurwitz Ana Lizano

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.72%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 5, 2003
Sold by
Collins Co
Bought by
Hess Deborah and Ruggiero Doreen A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
6.13%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Fil Sheridan Joseph $242,500 Attorney
Hurwitz Alan -- Title Company Of Florida Llc
Hurwitz Alan -- None Available
Hurwitz Alan $168,000 Sunbelt Title Agency
Hess Deborah $130,000 South Pointe Title Co Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fil Sheridan Joseph $189,750
Previous Owner Hurwitz Alan $100,000
Previous Owner Hess Deborah $104,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/04/2021 05/04/21 Sold $242,500 -2.6% $456 / Sq Ft
01/20/2021 01/20/21 Price Changed $249,000 -2.4% $468 / Sq Ft
11/01/2020 11/01/20 Price Changed $255,000 -3.8% $479 / Sq Ft
10/08/2020 10/08/20 For Sale $265,000 0.0% $498 / Sq Ft
06/27/2014 06/27/14 Rented $1,250 -3.8% --
05/28/2014 05/28/14 Under Contract -- -- --
05/06/2014 05/06/14 For Rent $1,300 +23.8% --
04/30/2013 04/30/13 Rented $1,050 -12.5% --
03/31/2013 03/31/13 Under Contract -- -- --
03/13/2013 03/13/13 For Rent $1,200 -- --
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 $5,086 $258,259 -- --
2024 $4,437 $258,259 -- --
2023 $4,437 $234,781 $0 $0
2022 $4,047 $215,395 $0 $0
2021 $3,815 $197,610 $0 $0
2020 $3,590 $188,200 $0 $0
2019 $3,326 $179,284 $0 $0
2018 $2,857 $151,936 $0 $0
2017 $3,215 $168,818 $0 $0
2016 $3,279 $168,818 $0 $0
2015 $2,264 $104,564 $0 $0
2014 $2,036 $95,059 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10940062

MIAMI REALTORS® MLS

APN: 02-3226-048-0290