NOT LISTED FOR SALE

Island Terrace 5 Island Ave Unit 15C Miami Beach, FL 33139

Venetian Islands Neighborhood

Estimated Value: $990,000 - $1,179,000

2 Beds
2 Baths
1,305 Sq Ft
$1,085/mo HOA Fee

Last Sold June 07, 2022

Last sale price $925,000 $709 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $8,130/month

42 Days on Market

Highlights

  • Doorman
  • Direct Ocean View
  • Private Beach Pavilion
  • North Beach Elementary School Rated A-
  • Property Fronts a Bay or Harbor
  • 2-minute walk to Belle Isle Park

About This Home

As of June 2022

Amazing corner unit with breathtaking views from from bedrooms, living room and dining room. Minutes away from Alton road, restaurants, shops, downtown Miami, Brickell, beach, and more. Must see opportunity to own such a beauty. Estate sale. Preapproval or recent proof of funds must accompany offer. Sold as is. Text agent for showing instruction.

Last Agent to Sell the Property

Zussy Coello

Delaplaine Realty, Inc. License #3405297 Listed on: 04/04/2022

Last Buyer's Agent

Andre Teixeira

London Foster Realty License #0686751

London Foster Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,260

Year Built

  • Built in 1967

HOA Fees

  • $1,085 Monthly HOA Fees

Parking

  • 1 Car Garage

Property Views

Home Design

  • 1,305 Sq Ft Home
  • Concrete Block And Stucco Construction

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub
  • Shower Only

Outdoor Features

  • Courtyard

Additional Features

  • Microwave
  • Property Fronts a Bay or Harbor
  • East of U.S. Route 1
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-32-33-044-1220

Community Details

Overview

  • Island Terrace Condo
  • Island Terrace Condo Subdivision
  • 16-Story Property

Amenities

  • Doorman
  • Community Barbecue Grill
  • Clubhouse
  • Laundry Facilities
  • Elevator
  • Secure Lobby
  • Community Storage Space

Recreation

  • Private Beach Pavilion

Pet Policy

  • Breed Restrictions

Building Details

Security

  • Card or Code Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,260

Year Built

Built in 1967

Lot Details

0

HOA Fees

$1,085 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1967
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit
  • Entry Level: 15
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: ISLAND TERRACE CONDO
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Microwave
  • Interior Amenities: Other, Walk-In Closet(s)
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Other
  • Furnished: Unfurnished
  • Living Area: 1305
  • Possible Use: Primary
  • Stories: 16
  • Bedroom Features: Master Bath Shower, Master Bath Tub

Exterior Features

  • View: Bay, Ocean View, Direct Ocean, Water View
  • Exterior Features: East Of Us1, Courtyard, Open Balcony
  • Construction Type: CBS Construction
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Waterfront
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: Island Terrace Condo
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Common Area
  • Security: Doorman, Card Entry, Lobby Secured

Condo/Co-op/Association

  • Association Fee: 1085
  • Amenities: Barbecue, Clubhouse-Clubroom, Laundry, Elevator(s), Exercise Room, Storage, Pool, Private Beach Pavilion
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo, Homeowners

Lot Info

  • Parcel Number: 02-32-33-044-1220
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Maintenance Expense: 1085

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 6260

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2022
Closed on
Jun 6, 2022
Sold by
Gallagher Iii James F
Bought by
Petros Peter
Seller's Agent
Zussy Coello
Delaplaine Realty, Inc.
Buyer's Agent
Andre Teixeira
London Foster Realty
List Price
$950,000
Sold Price
$925,000
Premium/Discount to List
-$25,000
-2.63%
Current Estimated Value
$1,073,592

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$148,592
Avg. Annual Appreciation
4.98%
Original Mortgage
$740,000
Outstanding Balance
$624,915
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$457,674

Purchase Details

Listed on
Feb 27, 2018
Closed on
Aug 1, 2018
Sold by
Lepage Albert R
Bought by
Gallagher Janice
Seller's Agent
Francisco Navarro
Douglas Elliman
Buyer's Agent
Jose Gurrea Igual
MMLS Assoc.-Inactive Member
List Price
$699,000
Sold Price
$675,000
Premium/Discount to List
-$24,000
-3.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.53%
Original Mortgage
$4,050
Interest Rate
4.6%

Purchase Details

Listed on
Aug 6, 2013
Closed on
Oct 9, 2013
Sold by
Demori Oliver and Grassi Sara
Bought by
Lepage Albert R
Seller's Agent
Olimpia Zanardi
The Corcoran Group
Buyer's Agent
Francisco Navarro
Douglas Elliman
List Price
$695,000
Sold Price
$660,000
Premium/Discount to List
-$35,000
-5.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.47%

Purchase Details

Closed on
Oct 9, 2007
Sold by
Hinke Petra and Fricker Uwe
Bought by
Demori Oliver and Grassi Sara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,000
Interest Rate
6.41%
Mortgage Type
Unknown

Purchase Details

Closed on
May 13, 1996
Sold by
Stern Layne H
Bought by
Hinke Petra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,400
Interest Rate
7.67%
Mortgage Type
New Conventional
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
Petros Peter -- Perdigon Title
Petros Peter $925,000 Perdigon Title
Gallagher Janice $675,000 Best Value Title Llc
Lepage Albert R $660,000 Attorney
Demori Oliver $355,000 Ewm Title
Hinke Petra $100 --
Hinke Petra $148,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Petros Peter $740,000
Previous Owner Hinke Petra $4,050
Previous Owner Demori Oliver $284,000
Previous Owner Grassi Sara $35,500
Previous Owner Hinke Petra $75,000
Previous Owner Hinke Petra $107,500
Previous Owner Hinke Petra $118,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/07/2022 06/07/22 Sold $925,000 -2.6% $709 / Sq Ft
05/17/2022 05/17/22 Pending -- -- --
04/04/2022 04/04/22 For Sale $950,000 +40.7% $728 / Sq Ft
08/01/2018 08/01/18 Sold $675,000 -1.5% $517 / Sq Ft
06/25/2018 06/25/18 Price Changed $685,000 -2.0% $525 / Sq Ft
06/12/2018 06/12/18 For Sale $699,000 +3.6% $536 / Sq Ft
06/11/2018 06/11/18 Off Market $675,000 -- --
04/27/2018 04/27/18 Price Changed $699,000 -3.6% $536 / Sq Ft
02/27/2018 02/27/18 For Sale $725,000 +9.8% $556 / Sq Ft
10/09/2013 10/09/13 Sold $660,000 -5.0% $506 / Sq Ft
08/06/2013 08/06/13 For Sale $695,000 -- $533 / 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 $14,880 $857,216 -- --
2024 $14,506 $833,058 -- --
2023 $14,506 $808,795 $0 $0
2022 $11,690 $622,150 $0 $0
2021 $6,520 $378,630 $0 $0
2020 $10,474 $541,000 $0 $0
2019 $10,484 $541,000 $0 $0
2018 $10,055 $534,708 $0 $0
2017 $7,767 $448,706 $0 $0
2016 $7,748 $439,477 $0 $0
2015 $7,846 $436,423 $0 $0
2014 $7,980 $432,960 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Z

    Seller's Agent in 2022

    Zussy Coello

    Delaplaine Realty, Inc.

    (786) 374-8952

    1 in this area

    9 Total Sales

    Zussy Coello
    Section Image

  • A

    Buyer's Agent in 2022

    Andre Teixeira

    London Foster Realty

    Section Image
  • Francisco Navarro

    Seller's Agent in 2018

    Francisco Navarro

    Douglas Elliman

    (305) 343-4315

    4 in this area

    28 Total Sales

    Francisco Navarro
    Section Image

  • S

    Seller Co-Listing Agent in 2018

    Shlomi Betesh

    Douglas Elliman

    Section Image

  • J

    Buyer's Agent in 2018

    Jose Gurrea Igual

    MMLS Assoc.-Inactive Member

    Section Image
  • Olimpia Zanardi

    Seller's Agent in 2013

    Olimpia Zanardi

    The Corcoran Group

    (305) 798-1697

    1 Total Sale

    Olimpia Zanardi
    Section Image
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About Island Terrace

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11183589

MIAMI REALTORS® MLS

APN: 02-3233-044-1220

Florida Miami/Dade County Miami Beach 33139 Venetian Islands

5 Island Ave Unit 15C, Miami Beach, FL

This home is located at 5 Island Ave Unit 15C, Miami Beach, FL 33139 since 04 April 2022 and is currently estimated at $1,073,592, approximately $822 per square foot. This property was built in 1967. 5 Island Ave Unit 15C is a home located in Miami-Dade County with nearby schools including North Beach 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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