Island Terrace 5 Island Ave Unit 4E Miami Beach, FL 33139
Venetian Islands Neighborhood
1
Bed
1.5
Baths
950
Sq Ft
1967
Built
Highlights
- Doorman
- Fitness Center
- Deck
- North Beach Elementary School Rated A-
- Bay View
- 2-minute walk to Belle Isle Park
About This Home
As of May 2022Rare opportunity to own a top-of-the-line condominium in an exclusive Belle Island building boasting panoramic waterviews and in-house amenities worthy of a boutique hotel, starting with a 24-hour concierge, bayside swimming pool, state-of-the-art fitness facilities, plus complimentary parking for residents and guests. This sun-splashed, 950 -square-foot unit enjoys a breathtaking location on the 4th floor and features one bedroom, one full and one-half baths, oversized windows, and an open living/dining/kitchen area that’s spectacular for entertaining. One parking space comes with this unit, along with added bonuses such as wood flooring, stainless-steel kitchen appliances, a new A/C unit, and custom window treatments.
Last Agent to Sell the Property
Compass Florida, LLC. License #3014580 Listed on: 02/14/2022
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,351
Year Built
- Built in 1967
Parking
- 1 Car Garage
Home Design
- Aluminum Siding
Interior Spaces
- 950 Sq Ft Home
- Built-In Features
- Electric Shutters
- Wood Flooring
- Dishwasher
Bedrooms and Bathrooms
- 1 Bedroom
- Shower Only
Outdoor Features
- Deck
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 02-32-33-044-0240
Community Details
Overview
- Property has a Home Owners Association
- Island Terrace Condos
- Island Terrace Condo Subdivision
- 16-Story Property
Amenities
- Doorman
- Laundry Facilities
- Elevator
- Bike Room
Recreation
Pet Policy
- Dogs Allowed
Building Details
- Maintenance Expense $827
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 14, 2022
Closed on
May 31, 2022
Sold by
Geoffrey Simpson
Bought by
Islands Llc
Seller's Agent
Melissa Rubin
Compass Florida, LLC.
List Price
$585,000
Sold Price
$550,000
Premium/Discount to List
-$35,000
-5.98%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$9,545
Avg. Annual Appreciation
-1.13%
Purchase Details
Closed on
Jan 11, 2017
Sold by
Anderson Stephen
Bought by
Simpson Geoffrey
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,750
Interest Rate
4.13%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 8, 2002
Sold by
Harry Jolt I
Bought by
Anderson Stephen
Similar Homes in Miami Beach, FL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $550,000 | New Title Company Name | |
| Warranty Deed | $345,000 | Attorney | |
| Personal Reps Deed | $170,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $273,750 | New Conventional | |
| Previous Owner | $258,750 | New Conventional | |
| Previous Owner | $195,000 | Fannie Mae Freddie Mac |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/31/2022 05/31/22 | Sold | $550,000 | -6.0% | $579 / Sq Ft |
| 02/14/2022 02/14/22 | For Sale | $585,000 | -- | $616 / Sq Ft |
Source: MIAMI REALTORS® MLS
Tax History Compared to Growth
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 | $8,575 | $461,683 | -- | -- |
| 2024 | $7,790 | $453,438 | -- | -- |
| 2023 | $7,790 | $412,217 | $0 | $0 |
| 2022 | $4,379 | $274,264 | $0 | $0 |
| 2021 | $4,351 | $266,276 | $0 | $0 |
| 2020 | $4,294 | $262,600 | $0 | $0 |
| 2019 | $4,849 | $291,000 | $0 | $0 |
| 2018 | $4,813 | $297,024 | $0 | $0 |
| 2017 | $2,453 | $169,611 | $0 | $0 |
| 2016 | $2,439 | $166,123 | $0 | $0 |
| 2015 | $2,468 | $164,969 | $0 | $0 |
| 2014 | $2,509 | $163,660 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2022
Melissa Rubin
Compass Florida, LLC.
(305) 984-7706
2 in this area
70 Total Sales
-
P
Seller Co-Listing Agent in 2022
Pavel Gonzalez
Compass Florida, LLC.
(786) 326-5372
3 in this area
32 Total Sales
About Island Terrace
Map
Source: MIAMI REALTORS® MLS
MLS Number: A11160496
APN: 02-3233-044-0240
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