NOT LISTED FOR SALE

506 NW 87th Ave Unit 408 Miami, FL 33172

Fontainebleau East Neighborhood

Estimated Value: $233,194 - $289,000

1 Bed
1 Bath
839 Sq Ft
1974 Built

Last Sold June 01, 2021

Last sale price $177,000 $211 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $1,723/month

4 Days on Market

Highlights

  • Lake Front
  • Clubhouse
  • Security Service
  • Newly Remodeled
  • Balcony
  • Tile Flooring

About This Home

As of June 2021

ENJOY LAKE VIEWS FROM YOUR PRIVATE BALCONY. 1 bedroom/1.0 bath located on the 4TH floor on a corner unit in Fernwood Community of Fontainebleau Park! Featuring: Beautiful Tiles throughout, Great storage, Washer/Dryer, Lg bedroom with Walk in Closet & more! Community pool, Clubhouse, on site Office, Security Patrol & Tennis Courts! Low Maintenance fees. Ideally located with easy access to 836/826Expressways and Turnpike! Ready to move in! Fabulous Investment property or for an Owner User! Great opportunity!

Last Agent to Sell the Property

nick onacilla

Real Estate Sales Force License #3439842 Listed on: 03/18/2021

Real Estate Sales Force

Last Buyer's Agent

Enrique Calero

The Keyes Company License #0686903

The Keyes Company

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,884

Year Built

  • Built in 1974 | Newly Remodeled

Parking

  • Assigned Parking

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 839 Sq Ft Home
  • 4-Story Property
  • Tile Flooring
  • Lake Views

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Additional Features

  • Balcony
  • Lake Front
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 30-40-04-025-0460

Community Details

Overview

  • Property has a Home Owners Association
  • Low-Rise Condominium
  • Fernwoods Condo No 2 Condos
  • Fernwoods Condo No 2 Bldg Subdivision

Amenities

  • Clubhouse
  • Elevator

Pet Policy

  • No Pets Allowed

Additional Features

  • Maintenance Expense $183
  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,884

Year Built

Built in 1974 | Newly Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1974
  • Property Sub Type: Condominium
  • Directions: SW 87 Ave to Building 502 just north of Entrance to Fountainbleau Park
  • Entry Level: 4
  • Garage Yn: No
  • Horses: No
  • Inclusions: None
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 1-4 Stories, Condo
  • Subdivision Name: FERNWOODS CONDO NO 2 BLDG
  • Year Built Details: New Construction
  • MIAMIRE_PetsAllowedYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: First Floor Entry
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Tile
  • Furnished: Unfurnished
  • Living Area: 839
  • Other Equipment: Elevator
  • Possible Use: Primary
  • Stories: 4
  • Bedroom Features: Entry Level

Exterior Features

  • View: Lake
  • Exterior Features: None, Open Balcony
  • Construction Type: CBS Construction
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • Property Condition: New Construction
  • View: Yes
  • Waterfront Features: Lake
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: FERNWOODS CONDO NO 2
  • Parking Features: Assigned

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Other, Security Patrol

Condo/Co-op/Association

  • Amenities: Clubhouse-Clubroom, Elevator(s)
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 30-40-04-025-0460
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: No

Multi Family

  • Maintenance Expense: 183

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 1884

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2021
Closed on
Jun 1, 2021
Sold by
Rivero Maria Victoria
Bought by
Geraica Alfredo Castillo and Torres Maria Elena
Seller's Agent
nick onacilla
Real Estate Sales Force
Buyer's Agent
Enrique Calero
The Keyes Company
List Price
$170,000
Sold Price
$177,000
Premium/Discount to List
$7,000
4.12%
Current Estimated Value
$287,870

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$110,870
Avg. Annual Appreciation
7.65%
Original Mortgage
$163,400
Interest Rate
2.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 14, 1997
Sold by
Atkins Shirley J
Bought by
Vazquez Cipriano A and Vazquez Victoria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,000
Interest Rate
7.88%
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
Geraica Alfredo Castillo $177,000 Titles Unlimited Inc
Vazquez Cipriano A $57,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Geraica Alfredo Castillo $163,400
Previous Owner Vazquez Cipriano A $50,000
Previous Owner Vazquez Cipriano A $37,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2021 06/01/21 Sold $177,000 +4.1% $211 / Sq Ft
03/18/2021 03/18/21 For Sale $170,000 -- $203 / 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 $1,766 $148,627 -- --
2024 $1,706 $144,439 -- --
2023 $1,706 $140,233 $0 $0
2022 $1,633 $136,149 $0 $0
2021 $2,111 $117,370 $0 $0
2020 $1,884 $106,700 $0 $0
2019 $2,001 $113,000 $0 $0
2018 $1,816 $105,200 $0 $0
2017 $243 $56,790 $0 $0
2016 $246 $55,622 $0 $0
2015 $252 $55,236 $0 $0
2014 -- $54,798 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • nick onacilla

    Seller's Agent in 2021

    nick onacilla

    Real Estate Sales Force

    (856) 472-2838

    1 in this area

    12 Total Sales

    Section Image

  • E

    Buyer's Agent in 2021

    Enrique Calero

    The Keyes Company

    (786) 325-1234

    1 in this area

    9 Total Sales

    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11015050

MIAMI REALTORS® MLS

APN: 30-4004-025-0460

Florida Miami/Dade County Miami 33172 Fontainebleau East

506 NW 87th Ave Unit 408, Miami, FL

This home is located at 506 NW 87th Ave Unit 408, Miami, FL 33172 since 18 March 2021 and is currently estimated at $256,799, approximately $306 per square foot. This property was built in 1974. 506 NW 87th Ave Unit 408 is a home located in Miami-Dade County with nearby schools including Charles R Hadley Elementary School, Ruben Dario Middle School, and Miami Coral Park 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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