NOT LISTED FOR SALE

5501 NW 7th St Unit E309 Miami, FL 33126

Flagami Neighborhood

Estimated Value: $252,935 - $301,000

2 Beds
2 Baths
980 Sq Ft
$341/mo HOA Fee

Last Sold October 31, 2023

Last sale price $245,000 $250 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $2,086/month

22 Days on Market

Highlights

  • Lake View
  • Balcony
  • Video Cameras
  • Community Pool
  • High Impact Door
  • Tile Flooring

About This Home

As of October 2023

MUST SEE!! Great Location, Amazing lake view and spacious Condo, 2 BR/2 Bath, Open view concepted. Gated community with security cameras throughout, laundry rooms in every floor. Its located 5 minutes to the airport, closes to 95, 836 EXPRESSWAY, Restaurants, Publix and Downtown. Hot area for rental. Great investment opportunity.

Last Agent to Sell the Property

Luis Alcorta

Monteriny Properties Corporation License #3244714 Listed on: 09/19/2023

Last Buyer's Agent

Nelson De la Rosa

Atlas Rockstone Int'l Realty License #3082653

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,752

Year Built

  • Built in 1972

HOA Fees

  • $341 Monthly HOA Fees

Home Design

  • Entry on the 3rd floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 980 Sq Ft Home
  • 4-Story Property
  • Tile Flooring
  • Lake Views
  • Video Cameras

Kitchen

  • Electric Range
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Car Parking Space
  • Guest Parking

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Accessible Elevator Installed
  • Balcony

Listing and Financial Details

  • Assessor Parcel Number 01-31-31-024-0710

Community Details

Overview

  • Low-Rise Condominium
  • El Lago Condo
  • El Lago Condo Subdivision
  • The community has rules related to no recreational vehicles or boats, no trucks or trailers

Amenities

  • Laundry Facilities
  • Elevator

Recreation

  • Community Pool

Pet Policy

  • No Pets Allowed

Security

  • Complex Is Fenced
  • High Impact Door
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,752

Year Built

Built in 1972

Lot Details

0

HOA Fees

$341 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1972
  • Property Sub Type: Condominium
  • Entry Level: 3
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 1-4 Stories, Condo
  • Subdivision Name: EL LAGO CONDO
  • Year Built Details: Effective Year Built
  • MIAMIRE_PetsAllowedYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Electric Water Heater, Microwave, Electric Range, Refrigerator
  • Interior Amenities: Third Floor Entry, Elevator
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: High Impact Doors
  • Flooring: Tile
  • Furnished: Unfurnished
  • Living Area: 980
  • Possible Use: Investment
  • Stories: 4
  • Bedroom Features: Other

Exterior Features

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

Garage/Parking

  • Park Building Name: EL LAGO CONDO
  • Parking Features: 1 Space, Guest, Limited # Of Vehicle, No Rv/Boats, No Trucks/Trailers

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Smoke Detector, Complex Fenced, Other, TV Camera

Condo/Co-op/Association

  • Association Fee: 341
  • Amenities: Laundry, Elevator(s), Pool
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 01-31-31-024-0710
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: No

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 2752

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2023
Closed on
Oct 31, 2023
Sold by
Lopetegui Carlos J and Lopetegui Marisela
Bought by
Naret Llc
Seller's Agent
Luis Alcorta
Monteriny Properties Corporation
Buyer's Agent
Nelson De la Rosa
Atlas Rockstone Int'l Realty
List Price
$290,000
Sold Price
$245,000
Premium/Discount to List
-$45,000
-15.52%
Views
111
Current Estimated Value
$268,234

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,234
Avg. Annual Appreciation
4.28%

Purchase Details

Closed on
Nov 5, 2010
Sold by
Murguia Erendira and Polanco Hector Dario
Bought by
Lopetegul Carlos J and Lopetegui Marisela

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
4.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 21, 2006
Sold by
Tauro Investments Inc
Bought by
Polanco Hector Dario and Murguia Erendira

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
9.15%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 4, 2005
Sold by
Rodriguez Wilfredo
Bought by
Tauro Investments Inc

Purchase Details

Closed on
Mar 21, 2003
Sold by
Fuentes Louis
Bought by
Rodriguez Wilfredo

Purchase Details

Closed on
Jul 17, 2001
Sold by
Gaspar Lopez M and Gaspar Zulema Lopez
Bought by
Fuentes Louis
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
Naret Llc $245,000 American Title & Closing
Lopetegul Carlos J $75,000 Attorney
Polanco Hector Dario $185,000 Netco Inc
Tauro Investments Inc $139,000 --
Rodriguez Wilfredo $100,000 --
Fuentes Louis $83,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lopetegul Carlos J $60,000
Previous Owner Polanco Hector Dario $148,000
Previous Owner Fuentes Louis $15,000
Previous Owner Fuentes Louis $10,308
Previous Owner Fuentes Louis $10,416
Closed Tauro Investments Inc $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2023 10/31/23 Sold $245,000 -15.5% $250 / Sq Ft
10/12/2023 10/12/23 Pending -- -- --
09/19/2023 09/19/23 For Sale $290,000 0.0% $296 / Sq Ft
03/28/2017 03/28/17 Rented $1,400 -3.4% --
02/23/2017 02/23/17 Under Contract -- -- --
02/10/2017 02/10/17 Price Changed $1,450 -3.3% $1 / Sq Ft
01/17/2017 01/17/17 For Rent $1,500 -- --
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 $4,079 $205,000 -- --
2024 $3,061 $203,618 -- --
2023 $3,061 $140,187 $0 $0
2022 $2,752 $127,443 $0 $0
2021 $2,591 $115,858 $0 $0
2020 $2,450 $134,343 $0 $0
2019 $2,232 $122,130 $0 $0
2018 $2,059 $122,130 $0 $0
2017 $1,977 $79,134 $0 $0
2016 $1,808 $71,940 $0 $0
2015 $1,486 $65,400 $0 $0
2014 $1,413 $59,455 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Luis Alcorta

    Seller's Agent in 2023

    Luis Alcorta

    Monteriny Properties Corporation

    (786) 200-9251

    2 in this area

    4 Total Sales

    Luis Alcorta
    Section Image
  • Nelson De la Rosa

    Buyer's Agent in 2023

    Nelson De la Rosa

    Atlas Rockstone Int'l Realty

    (305) 322-8429

    3 in this area

    14 Total Sales

    Nelson De la Rosa
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11455820

MIAMI REALTORS® MLS

APN: 01-3131-024-0710

Florida Miami/Dade County Miami 33126 Flagami

5501 NW 7th St Unit E309, Miami, FL

Not Listed for Sale

Condos

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