NOT LISTED FOR SALE

502 NW 87th Ave Unit 309 Miami, FL 33172

Fontainebleau East Neighborhood

Estimated Value: $218,000 - $259,000

1 Bed
1 Bath
842 Sq Ft
$183/ mo HOA Fee

Last Sold December 27, 2024

Last sale price $270,000 $321 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $1,689/month

42 Days on Market

Highlights

  • Lake Front
  • End Unit
  • Tennis Courts
  • Main Floor Bedroom
  • Community Pool
  • Balcony

About This Home

As of December 2024

Back on the market! Stunning and spacious 1-bedroom, 1-bath unit with lake views! Fully remodeled with stylish finishes throughout, featuring an in-unit washer & dryer, private balcony, and new appliances. Prime Central Miami Location—steps away from shopping centers, top-rated restaurants, major expressways, FIU, Miami International Airport, and public transportation. Move-in ready, great for new home buyers or investors seeking a comfortable and convenient property!

Last Agent to Sell the Property

Maria Acosta

Keller Williams Capital Realty License #3306691 Listed on: 11/07/2024

Keller Williams Capital Realty

Last Buyer's Agent

Odalys Luis

JPM Realty Advisors, LLC License #3095951

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,061

Year Built

  • Built in 1975

Lot Details

  • Lake Front
  • End Unit

HOA Fees

  • $183 Monthly HOA Fees

Home Design

  • Entry on the 3rd floor

Interior Spaces

  • 842 Sq Ft Home
  • 4-Story Property
  • Lake Views

Kitchen

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

Bedrooms and Bathrooms

  • 1 Bedroom
  • Main Floor Bedroom
  • Closet Cabinetry
  • Walk-In Closet
  • 1 Full Bathroom
  • Bathtub

Laundry

  • Dryer
  • Washer

Parking

  • 1 Car Parking Space
  • Guest Parking

Additional Features

  • Accessible Elevator Installed
  • Balcony
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 30-40-04-032-0510

Community Details

Overview

  • Low-Rise Condominium
  • Fernwood Condos
  • Fernwoods No 4 Condo Bldg Subdivision

Recreation

  • Tennis Courts
  • Community Pool

Pet Policy

  • Pets Allowed

Amenities

  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,061

Year Built

Built in 1975

Lot Details

0 Sq Ft Lot

HOA Fees

$183 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1975
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit
  • Entry Level: 3
  • Garage Yn: No
  • Horses: No
  • Inclusions: None
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 1-4 Stories, Condo
  • Subdivision Name: FERNWOODS NO 4 CONDO BLDG
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Electric Range, Refrigerator, Self Cleaning Oven, Washer
  • Interior Amenities: Closet Cabinetry, Elevator, Pantry, Walk-In Closet(s)
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Furnished: Unfurnished
  • Living Area: 842
  • Other Equipment: Elevator
  • Possible Use: Primary
  • Stories: 4
  • Bedroom Features: At Least 1 Bedroom Ground Level, Primary Bath Tub

Exterior Features

  • View: Lake
  • Exterior Features: Other, Open Balcony
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Lake
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: Fernwood
  • Parking Features: 1 Space, Guest

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: No Security

Condo/Co-op/Association

  • Association Fee: 183
  • Amenities: Elevator(s), Pool, Tennis Court(s)
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 30-40-04-032-0510
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 3061

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2024
Closed on
Dec 24, 2024
Sold by
Demarchena George L and Demarchena Ivonne Marie
Bought by
Cunill Sardinas Yorma
Seller's Agent
Maria Acosta
Keller Williams Capital Realty
Buyer's Agent
Odalys Luis
JPM Realty Advisors, LLC
List Price
$265,000
Sold Price
$270,000
Premium/Discount to List
$5,000
1.89%
Views
12
Current Estimated Value
$240,487

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$29,513
Avg. Annual Appreciation
-9.05%
Original Mortgage
$229,500
Outstanding Balance
$227,712
Interest Rate
6.84%
Mortgage Type
New Conventional
Estimated Equity
$12,775

Purchase Details

Closed on
Feb 13, 2004
Sold by
Barrena Alicia J and Brouwer Haydee
Bought by
Demarchena George L and Demarchena Ivonne Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
5%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 13, 1997
Sold by
Barrena Alicia J
Bought by
Barrena Alicia J and Brouwer Haydee
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Cunill Sardinas Yorma $270,000 None Listed On Document
Demarchena George L $60,000 --
Barrena Alicia J $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cunill Sardinas Yorma $229,500
Previous Owner Demarchena George L $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/27/2024 12/27/24 Sold $270,000 +1.9% $321 / Sq Ft
12/19/2024 12/19/24 Pending -- -- --
11/07/2024 11/07/24 For Sale $265,000 -- $315 / Sq Ft
Source: MIAMI REALTORS® MLS

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 $3,061 $202,529 -- --
2024 $2,847 $170,420 -- --
2023 $2,847 $154,928 $0 $0
2022 $2,443 $140,844 $0 $0
2021 $2,295 $128,040 $0 $0
2020 $2,055 $116,400 $0 $0
2019 $1,960 $115,000 $0 $0
2018 $1,725 $103,000 $0 $0
2017 $1,596 $89,060 $0 $0
2016 $1,513 $80,964 $0 $0
2015 $1,467 $73,604 $0 $0
2014 $1,311 $66,913 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Maria Acosta

    Seller's Agent in 2024

    Maria Acosta

    Keller Williams Capital Realty

    (305) 322-1973

    2 in this area

    60 Total Sales

    Maria Acosta
    Section Image
  • Odalys Luis

    Buyer's Agent in 2024

    Odalys Luis

    JPM Realty Advisors, LLC

    (786) 301-4455

    1 in this area

    133 Total Sales

    Odalys Luis
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11690142

MIAMI REALTORS® MLS

APN: 30-4004-032-0510

Florida Miami/Dade County Miami 33126 Fontainebleau East

502 NW 87th Ave Unit 309, Miami, FL

Not Listed for Sale

Condos

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