NOT LISTED FOR SALE

Estimated Value: $299,000 - $325,000

1 Bed
1 Bath
442 Sq Ft
1941 Built

Last Sold May 31, 2013

Last sale price $140,000 $317 Per Sq Ft

Est. 122% increase in value since last sale

Current estimated payment $2,030/month

10 Days on Market

Highlights

  • Ocean View
  • Intercom to Front Desk
  • Cooling System Mounted To A Wall/Window
  • North Beach Elementary School Rated A-
  • Penthouse
  • 5-minute walk to 36th Street Park

About This Home

As of May 2013

CHARMING TRUE 1 BEDROOM CONDO ACROSS THE STREET FROM THE OCEAN AND BOARDWALK. BUILDING ALLOWS SHORT TERM RENTALS (30 DAY MIN). ASSOC FEE 292.98 PER MONTH GREAT INVESTMENT NOT A SHORT SALE OR REO. QUIET BUILDING. PETS ALLOWED. NO SPECIAL ASSESSMENTS

Last Agent to Sell the Property

Karina Furlin

MMLS Assoc.-Inactive Member License #3215898 Listed on: 04/29/2013

MMLS Assoc.-Inactive Member

Last Buyer's Agent

Shlomi Betesh

Douglas Elliman License #3259657

Douglas Elliman

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,338

Year Built

  • Built in 1941

Home Design

  • Penthouse
  • Entry on the 4th floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 442 Sq Ft Home
  • 4-Story Property
  • Tile Flooring
  • Ocean Views
  • Electric Range

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Parking

  • On-Street Parking
  • Open Parking

Accessible Home Design

  • Accessible Elevator Installed

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Assessor Parcel Number 02-32-26-048-0040

Community Details

Overview

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

Amenities

  • Intercom to Front Desk
  • Secure Lobby

Pet Policy

  • Breed Restrictions

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,338

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1941
  • Property Sub Type: Condominium
  • Architectural Style: Penthouse
  • Entry Level: 4
  • Garage Yn: No
  • Horses: No
  • Unit Levels: 0
  • 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: Elevator
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Tile
  • Furnished: Unfurnished
  • Living Area: 442
  • Possible Use: Investment
  • Stories: 4
  • Bedroom Features: Entry Level

Exterior Features

  • View: Ocean View
  • Exterior Features: None
  • Construction Type: CBS Construction
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: The Madison Condo
  • Open Parking: Yes
  • Parking Features: On Street

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Window/Wall
  • Heating Yn: Yes
  • Security: Intercom In Lobby, Lobby Secured

Condo/Co-op/Association

  • Amenities: None
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-32-26-048-0040
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2012
  • Tax Annual Amount: 1338

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2013
Closed on
May 31, 2013
Sold by
Tapia Carlos E and Villar Danny
Bought by
Red Oak Miami Llc
Seller's Agent
Karina Furlin
MMLS Assoc.-Inactive Member
Buyer's Agent
Shlomi Betesh
Douglas Elliman
List Price
$140,000
Sold Price
$140,000
Current Estimated Value
$310,728

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$170,728
Avg. Annual Appreciation
6.71%

Purchase Details

Closed on
Jul 19, 2004
Sold by
Molinet Rudy
Bought by
Tapia Carlos E and Villar Danny

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,200
Interest Rate
6.22%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 5, 2003
Sold by
Collins Lc
Bought by
Molinet Rudy
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
Red Oak Miami Llc $140,000 Florida Clear Title Corp
Tapia Carlos E $139,000 Premier Title & Research Inc
Molinet Rudy $125,000 South Pointe Title Co Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tapia Carlos E $111,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2013 05/31/13 Sold $140,000 0.0% $317 / Sq Ft
05/10/2013 05/10/13 Pending -- -- --
04/29/2013 04/29/13 For Sale $140,000 -- $317 / 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 $4,834 $245,497 -- --
2024 $4,217 $245,496 -- --
2023 $4,217 $223,179 $0 $0
2022 $3,847 $204,751 $0 $0
2021 $3,627 $187,845 $0 $0
2020 $3,412 $178,900 $0 $0
2019 $3,160 $170,380 $0 $0
2018 $2,715 $144,390 $0 $0
2017 $2,771 $136,879 $0 $0
2016 $2,681 $124,436 $0 $0
2015 $2,320 $113,124 $0 $0
2014 $2,089 $102,840 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A1780370

MIAMI REALTORS® MLS

APN: 02-3226-048-0040