$540,000
SOLD OCT 28, 2021

501 NE 31st St Unit 301 Miami, FL 33137

Edgewater Neighborhood
3 Beds
2.5 Baths
1,110 Sq Ft
$951/mo HOA Fee

Recently Sold

$486 Per Sq Ft

4% Above List Price

330 Days on Market

Highlights

  • Doorman
  • Fitness Center
  • Garden View
  • Property Fronts a Bay or Harbor
  • Newly Remodeled
  • 2-minute walk to Paraiso Park

About This Home

As of January 2025

Paraiso Bayviews, the only unit in the building with three bedrooms and two and half bathrooms, double vanity in master and second bathroom plus high ceilings, more than 20K in upgrades! Perfect for young families or investors. Live it when you need it, lease it when you don't! Don't miss this opportunity! AS-IS. Price is firm.

Last Agent to Sell the Property

Jose Manuel Santovena

Luxe Living Realty License #3345407 Listed on: 10/31/2020

Luxe Living Realty

Last Buyer's Agent

Edgardo sosa

Platinum Properties Int'l Inc. License #3187570

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,834

Year Built

  • Built in 2018 | Newly Remodeled

HOA Fees

  • $951 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Home Design

  • Elevated Home

Interior Spaces

  • 1,110 Sq Ft Home
  • Blinds
  • Combination Dining and Living Room
  • Garden Views

Kitchen

  • Self-Cleaning Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Energy-Efficient Construction
  • Outdoor Grill
  • Property Fronts a Bay or Harbor

Listing and Financial Details

  • Assessor Parcel Number 01-32-30-096-0020

Community Details

Overview

  • 386 Units
  • High-Rise Condominium
  • Paraiso Bayviews Condos
  • Paraiso Bayviews Condo,Paraiso Bayviews Subdivision
  • 46-Story Property

Amenities

  • Doorman
  • Community Barbecue Grill
  • Sauna

Recreation

  • Tennis Courts
  • Community Playground
  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Breed Restrictions

Building Details

  • Maintenance Expense $700

Security

  • Secure Elevator
  • Clear Impact Glass
  • High Impact Door

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,834

Year Built

Built in 2018 | Newly Remodeled

Lot Details

0

HOA Fees

$951 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 2018
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Directions: GPS
  • Entry Level: 3
  • 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: PARAISO BAYVIEWS CONDO,PARAISO BAYVIEWS
  • Year Built Details: New Construction
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Electric Range, Self Cleaning Oven, Washer
  • Interior Amenities: First Floor Entry
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: High Impact Doors
  • Flooring: Carpet, Ceramic Floor
  • Furnished: Unfurnished
  • Living Area: 1110
  • Possible Use: Secondary
  • Stories: 46
  • Window Features: Clear Impact Glass, Blinds
  • Bedroom Features: Entry Level
  • Dining Room Features: Dining/Living Room
  • Master Bathroom Features: Dual Sinks, Separate Tub & Shower

Exterior Features

  • View: Garden View, Other View
  • Exterior Features: Barbeque
  • Construction Type: Elevated Construction
  • Pool Private: Yes
  • Property Condition: New Construction
  • View: Yes
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: PARAISO BAYVIEWS
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Doorman, Elevator Secure

Condo/Co-op/Association

  • Association Fee: 951
  • Amenities: Barbecue, Elevator(s), Exercise Room, Child Play Area, Pool, Private Pool, Sauna, Spa/Hot Tub, Tennis Court(s)
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 01-32-30-096-0020
  • ResoLotSizeUnits: SquareFeet

Green Features

  • Efficiency: Construction

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Maintenance Expense: 700
  • Number Of Units In Community: 386
  • Number Of Units Total: 386

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 10834

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 23, 2024
Closed on
Jan 31, 2025
Sold by
Siso Investment Llc
Bought by
Estrada Monica Beatriz
Seller's Agent
Ricky Kallabat
Keller Williams Capital Realty
Buyer's Agent
Paulo Gaia
Luxe Properties
List Price
$760,000
Sold Price
$680,000
Premium/Discount to List
-$80,000
-10.53%
Views
7
Current Estimated Value
$689,721

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,721
Avg. Annual Appreciation
3.19%
Original Mortgage
$544,000
Outstanding Balance
$542,147
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$146,026

Purchase Details

Listed on
Oct 31, 2020
Closed on
Oct 14, 2021
Sold by
Duemargherita Corp
Bought by
Siso Investment Llc
Seller's Agent
Jose Manuel Santovena
Luxe Living Realty
Buyer's Agent
Edgardo sosa
Platinum Properties Int'l Inc.
List Price
$520,000
Sold Price
$540,000
Premium/Discount to List
$20,000
3.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.33%

Purchase Details

Closed on
Aug 17, 2018
Sold by
Prh Paraiso Four Ll
Bought by
Duemargherita Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,900
Interest Rate
5.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $680,000 None Listed On Document
Warranty Deed $540,000 Attorney
Special Warranty Deed $627,900 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $544,000 New Conventional
Previous Owner $470,900 Adjustable Rate Mortgage/ARM
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2025 01/31/25 Sold $680,000 -2.2% $613 / Sq Ft
12/16/2024 12/16/24 Pending -- -- --
11/01/2024 11/01/24 Price Changed $695,000 -8.6% $626 / Sq Ft
10/23/2024 10/23/24 For Sale $760,000 +40.7% $685 / Sq Ft
10/28/2021 10/28/21 Sold $540,000 -3.6% $486 / Sq Ft
09/15/2021 09/15/21 Pending -- -- --
08/07/2021 08/07/21 Price Changed $560,000 +7.7% $505 / Sq Ft
10/20/2020 10/20/20 For Sale $520,000 -- $468 / 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
2024 $10,270 $524,692 -- --
2023 $10,270 $476,993 $0 $0
2022 $8,939 $433,630 $0 $0
2021 $7,678 $361,358 $0 $0
2020 $9,620 $451,697 $0 $0
2019 $10,834 $507,525 $0 $0
2018 $456 $23,939 $0 $0
2017 $437 $18,858 $0 $0
2016 $426 $17,144 $0 $0
2015 $347 $15,586 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10945330

MIAMI REALTORS® MLS

APN: 01-3230-096-0020