NOT LISTED FOR SALE

Estimated Value: $402,000 - $438,000

1 Bed
1 Bath
429 Sq Ft
$340/mo HOA Fee

Last Sold June 15, 2018

Last sale price $286,000 $667 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $3,081/month

102 Days on Market

Highlights

  • Pool View
  • Furnished
  • Impact Glass
  • South Pointe Elementary School Rated A-
  • Heated Community Pool
  • 4-minute walk to Washington Dog Park & Annex

About This Home

As of June 2018

Income generating South of Fifth vacation pied-a-terre, or Investor's dream. A truly turn-key money maker, nightly (air BnB legal) rentals allowed by the city and the association. Completely remodeled unit from the ground up, nicest unit in the building. Washer and dryer in the unit, private pool for residents , courtyard with BBQ, quiet street in SoFi, and only 3 blocks from the beach. Close to all the finest restaurants on the beach. Building has been updated and is meticulously maintained and well managed.

Last Agent to Sell the Property

Audrey Ross, Ph.D

Compass Florida LLC License #3391913 Listed on: 01/17/2018

Compass Florida LLC

Last Buyer's Agent

Paul Venning

Realty Direct Corp License #0543823

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,676

Year Built

  • Built in 1924

Lot Details

  • East Facing Home
  • Fenced

HOA Fees

  • $340 Monthly HOA Fees

Home Design

  • Condo Hotel
  • Garden Apartment
  • Concrete Block And Stucco Construction

Interior Spaces

  • 429 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Drapes & Rods
  • Combination Dining and Living Room
  • Tile Flooring
  • Pool Views

Kitchen

  • Electric Range
  • Microwave
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom
  • Shower Only

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • On-Street Parking
  • Open Parking

Outdoor Features

  • Courtyard
  • Outdoor Grill

Schools

  • South Pointe Elementary School
  • Nautilus Middle School
  • Miami Beach High School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-42-03-324-0110

Community Details

Overview

  • The Fountain Condo Hotel Condos
  • The Fountain Condo Hotel,The Fountain Condo H Subdivision

Amenities

  • Community Barbecue Grill
  • Interior Hall

Recreation

  • Heated Community Pool

Pet Policy

  • No Pets Allowed

Building Details

Security

  • Phone Entry
  • Secure Elevator
  • Complex Is Fenced
  • Impact Glass

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,676

Year Built

Built in 1924

Lot Details

0

HOA Fees

$340 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1924
  • Property Sub Type: Condominium
  • Architectural Style: Garden Apartment
  • Entry Level: 2
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo-Hotel, Condo
  • Subdivision Name: THE FOUNTAIN CONDO HOTEL,The Fountain Condo H
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Disposal, Dryer, Microwave, Electric Range, Refrigerator, Washer
  • Interior Amenities: Interior Hall, First Floor Entry
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Tile
  • Furnished: Furnished, Unfurnished, Turn Key Furnished
  • Living Area: 429
  • Possible Use: Unknown/Withheld
  • Stories: 3
  • Window Features: Drapes, Impact Glass
  • Bedroom Features: Entry Level
  • Dining Room Features: Dining/Living Room
  • Master Bathroom Features: Shower Only

Exterior Features

  • View: Pool Area View
  • Exterior Features: Barbeque, Courtyard
  • Construction Type: CBS Construction
  • Direction Faces: East
  • Fencing: Fenced
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Association Fee: 340
  • Amenities: Barbecue, Elevator(s), Heated Pool
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Schools

  • Elementary School: South Pointe
  • High School: Miami Beach
  • Middle Or Junior School: Nautilus

Lot Info

  • Parcel Number: 02-42-03-324-0110
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: No

Multi Family

  • Maintenance Expense: 340

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 3676

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2018
Closed on
Jun 11, 2018
Sold by
G & B 205 Llc
Bought by
Little Gem South Beach Llc
Seller's Agent
Audrey Ross, Ph.D
Compass Florida LLC
Buyer's Agent
Paul Venning
Realty Direct Corp
List Price
$305,000
Sold Price
$286,000
Premium/Discount to List
-$19,000
-6.23%
Current Estimated Value
$412,846

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$126,846
Avg. Annual Appreciation
5.08%

Purchase Details

Listed on
Jul 6, 2015
Closed on
Oct 8, 2015
Sold by
Cumiskey Gregory J and Cumiskey Denise L
Bought by
G & B 205 Llc
Seller's Agent
Oliver Davis
Live Work Play Miami Group, LLC.
Buyer's Agent
Candice Saffer
MMLS Assoc.-Inactive Member
List Price
$295,000
Sold Price
$280,000
Premium/Discount to List
-$15,000
-5.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.79%

Purchase Details

Closed on
Jan 2, 2007
Sold by
The Fountain Holdings Lc
Bought by
Cumiskey Gregory J and Cumiskey Denise L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,930
Interest Rate
6.01%
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
Little Gem South Beach Llc $286,000 Title Masters Usa Inc
G & B 205 Llc $280,000 Attorney
Cumiskey Gregory J $239,900 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cumiskey Gregory J $167,930
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2018 06/15/18 Sold $286,000 -6.2% $667 / Sq Ft
04/29/2018 04/29/18 Pending -- -- --
04/26/2018 04/26/18 For Sale $305,000 0.0% $711 / Sq Ft
04/04/2018 04/04/18 Pending -- -- --
01/17/2018 01/17/18 For Sale $305,000 +8.9% $711 / Sq Ft
10/07/2015 10/07/15 Sold $280,000 -5.1% $653 / Sq Ft
09/03/2015 09/03/15 Pending -- -- --
07/06/2015 07/06/15 For Sale $295,000 0.0% $688 / Sq Ft
07/01/2013 07/01/13 Rented $1,350 -10.0% --
06/01/2013 06/01/13 Under Contract -- -- --
04/10/2013 04/10/13 For Rent $1,500 +11.1% --
07/31/2012 07/31/12 Rented $1,350 -3.6% --
07/31/2012 07/31/12 For Rent $1,400 -- --
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 $5,527 $295,227 -- --
2024 $4,611 $268,389 -- --
2023 $4,611 $243,990 $0 $0
2022 $4,659 $245,529 $0 $0
2021 $4,310 $223,209 $0 $0
2020 $4,321 $223,209 $0 $0
2019 $3,932 $202,917 $0 $0
2018 $3,816 $202,917 $0 $0
2017 $3,676 $193,050 $0 $0
2016 $3,750 $193,050 $0 $0
2015 $3,292 $155,255 $0 $0
2014 $2,868 $141,141 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10402942

MIAMI REALTORS® MLS

APN: 02-4203-324-0110