NOT LISTED FOR SALE

5085 NW 7th St Unit 706 Miami, FL 33126

Flagami Neighborhood

Estimated Value: $323,746 - $379,000

2 Beds
2 Baths
923 Sq Ft
2003 Built

Last Sold March 29, 2016

Last sale price $153,000 $166 Per Sq Ft

Est. 131% increase in value since last sale

Current estimated payment $2,341/month

4 Days on Market

Highlights

  • Boat Ramp
  • Home fronts a lagoon or estuary
  • Clubhouse
  • Community Cabanas
  • Lagoon View
  • 1-minute walk to Antonio Maceo Park

About This Home

As of March 2016

Nicely appointed two bedroom, two bathroom unit with spectacular lagoon and pool views. Property features carpet and tile flooring throughout. Stackable Washer and Dryer in the unit. Great condition and ready to move in, sit back, relax and enjoy! Conveniently located near shops and malls. Easily accessible to the Palmetto and Dolphin Expressway. This is Fannie Mae Homepath Property. First time home buyers, Complete Homepath Buyer Ready Program and request up to 3% closing cost. See broker remarks.

Last Agent to Sell the Property

Raul Estrada

MMLS Assoc.-Inactive Member License #3033386 Listed on: 02/17/2016

Last Buyer's Agent

Carolina Bravo

London Foster Realty License #3249356

London Foster Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,873

Year Built

  • Built in 2003

Lot Details

  • Home fronts a lagoon or estuary
  • East Facing Home

Parking

  • 1 Car Attached Garage
  • Assigned Parking

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 923 Sq Ft Home
  • Combination Dining and Living Room
  • Lagoon Views

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Schools

  • Flagler; Henry M. Elementary School
  • Kinlock Park Middle School
  • South Miami High School

Additional Features

  • Balcony
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 01-31-31-032-2610

Community Details

Overview

  • Property has a Home Owners Association
  • 612 Units
  • High-Rise Condominium
  • Blue Lagoon Condo
  • Blue Lagoon Condo Subdivision
  • 17-Story Property

Amenities

  • Clubhouse
  • Elevator
  • Lobby
  • Interior Hall

Recreation

  • Boat Ramp
  • Boat Dock
  • Community Playground
  • Community Cabanas
  • Community Pool
  • Community Spa

Pet Policy

  • Breed Restrictions

Security

  • Security Guard
  • Card or Code Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,873

Year Built

Built in 2003

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 2003
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Directions: HEAD NORTH ON LEJEUNE RD(SW 42 AVE) AND MAKE A LEFT ON NW 7ST,AND COMPLEX ENTRANCE WILL BE ON YOUR RIGHT.
  • Entry Level: 7
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Community Boat Ramp
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: BLUE LAGOON CONDO
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: 4116

Interior Features

  • Appliances: Other Equipment/Appliances
  • Interior Amenities: Interior Hall, Lobby, First Floor Entry
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Carpet, Tile
  • Furnished: Unfurnished
  • Living Area: 923
  • Possible Use: Investment
  • Stories: 17
  • Bedroom Features: Entry Level
  • Dining Room Features: Dining/Living Room

Exterior Features

  • View: Lagoon
  • Exterior Features: Open Balcony
  • Construction Type: CBS Construction
  • Direction Faces: East
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Lagoon
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: BLUE LAGOON CONDO
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: Assigned

Utilities

  • Water Source: Municipal Water
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Security: Card Entry, Guard At Site

Condo/Co-op/Association

  • Amenities: Boat Dock, Cabana, Clubhouse-Clubroom, Elevator(s), Exterior Lighting, Child Play Area, Pool, Spa/Hot Tub
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Schools

  • Elementary School: Flagler; Henry M.
  • High School: South Miami
  • Middle Or Junior School: Kinlock Park

Lot Info

  • Parcel Number: 01-31-31-032-2610
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Number Of Units In Community: 612
  • Number Of Units Total: 72

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 2873

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2016
Closed on
Mar 29, 2016
Sold by
Federal National Mortgage Association
Bought by
Garcia Raquel
Seller's Agent
Raul Estrada
MMLS Assoc.-Inactive Member
Buyer's Agent
Carolina Bravo
London Foster Realty
List Price
$155,900
Sold Price
$153,000
Premium/Discount to List
-$2,900
-1.86%
Current Estimated Value
$353,914

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$200,914
Avg. Annual Appreciation
9.32%

Purchase Details

Closed on
Dec 15, 2014
Sold by
Green Tree Servicing Llc
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Dec 5, 2013
Sold by
Yanez Pedro M
Bought by
Green Tree Servicing Llc

Purchase Details

Closed on
Feb 10, 2006
Sold by
Blue Lagoon Palace Inc
Bought by
Yanez Pedro M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,400
Interest Rate
6.08%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Garcia Raquel $153,000 Title & Abstract Agency Of A
Federal National Mortgage Association -- Buyers Title
Green Tree Servicing Llc $162,100 None Available
Yanez Pedro M $313,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Yanez Pedro M $250,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2016 03/29/16 Sold $153,000 -1.9% $166 / Sq Ft
02/22/2016 02/22/16 Pending -- -- --
02/17/2016 02/17/16 For Sale $155,900 -- $169 / 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 $4,836 $251,962 -- --
2024 $4,479 $229,057 -- --
2023 $4,479 $208,234 $0 $0
2022 $4,019 $189,304 $0 $0
2021 $3,711 $172,095 $0 $0
2020 $3,332 $156,450 $0 $0
2019 $3,340 $156,450 $0 $0
2018 $3,121 $149,000 $0 $0
2017 $3,156 $149,000 $0 $0
2016 $3,153 $142,175 $0 $0
2015 $2,874 $129,250 $0 $0
2014 $2,931 $129,250 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2016

    Raul Estrada

    MMLS Assoc.-Inactive Member

  • C

    Buyer's Agent in 2016

    Carolina Bravo

    London Foster Realty

    (305) 454-3549

    11 Total Sales

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10035799

MIAMI REALTORS® MLS

APN: 01-3131-032-2610

Florida Miami/Dade County Miami 33126 Flagami

5085 NW 7th St Unit 706, Miami, FL

This home is located at 5085 NW 7th St Unit 706, Miami, FL 33126 since 17 February 2016 and is currently estimated at $350,187, approximately $379 per square foot. This property was built in 2003. 5085 NW 7th St Unit 706 is a home located in Miami-Dade County with nearby schools including Henry M. Flagler Elementary School, Kinloch Park Middle School, and South Miami 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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