RENTED FEB 1, 2025

5501 NW 7th St Unit E318 Miami, FL 33126

Flagami Neighborhood

Estimated Value: $251,000 - $258,000

2 Beds
2 Baths
882 Sq Ft
$288/Sq Ft Est. Value

Last Sold November 18, 2024

Last sale price $270,000 $306 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $1,688/month

Highlights

  • In Ground Pool
  • No HOA
  • Concrete Block With Brick
  • Gated Community
  • High Impact Door
  • Closet Cabinetry

About This Home

As of February 2025

Experience the best of Miami living in this charming two-bedroom apartment, blending modern convenience with urban style. Spacious and bright, it features tile floors and is just minutes from Miami International Airport, Coral Gables, and Downtown. Walk to restaurants and shopping, with water included.

Last Agent to Rent the Property

Yaneisis Carretero Seoane

London Foster Realty License #3508298 Listed on: 11/26/2024

London Foster Realty

Last Renter's Agent

Yaneisis Carretero Seoane

London Foster Realty License #3508298 Listed on: 11/26/2024

London Foster Realty

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1972

Parking

  • 1 Car Garage
  • Guest Parking

Home Design

  • Entry on the 3rd floor
  • Concrete Block With Brick
  • Concrete Roof

Interior Spaces

  • 882 Sq Ft Home
  • 4-Story Property
  • Elevator
  • Combination Dining and Living Room
  • Ceramic Tile Flooring
  • High Impact Door
  • Property Views

Kitchen

  • Self-Cleaning Oven
  • Electric Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Closet Cabinetry
  • Walk-In Closet
  • 2 Full Bathrooms

Outdoor Features

  • In Ground Pool
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Accessible Elevator Installed
  • Energy-Efficient Lighting

Listing and Financial Details

  • Property Available on 11/26/24
  • 1 Year With Renewal Option Lease Term
  • Assessor Parcel Number 01-31-31-024-1350

Community Details

Overview

  • No Home Owners Association
  • El Lago Condo
  • El Lago Condo Subdivision
  • Maintained Community
  • The community has rules related to no motorcycles, no recreational vehicles or boats, no trucks or trailers

Amenities

  • Laundry Facilities

Recreation

  • Community Pool

Pet Policy

  • No Pets Allowed

Security

  • Card or Code Access
  • Gated Community
  • Complex Is Fenced

Property Details

Home Type

Apartment

Year Built

Built in 1972

Lot Details

0

Parking

1

Rental Info

  • Pets Allowed: No
  • Available Date: 2024-11-26
  • Lease Term: 1 Year With Renewal Option

Listing Details

  • Property Type: Residential Lease
  • Year Built: 1972
  • Property Sub Type: Apartment
  • Directions: GPS
  • Entry Level: 3
  • Garage Yn: Yes
  • Horses: No
  • Lease Assignable: No
  • New Construction: No
  • Building Stories: 4
  • Structure Type: Apartments-Annual, Apartment
  • Subdivision Name: EL LAGO CONDO
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: No
  • ResoPropertyType: ResidentialLease
  • Special Features: VirtualTour
  • Stories: 4

Interior Features

  • Appliances: Electric Water Heater, Electric Range, Refrigerator, Self Cleaning Oven
  • Interior Amenities: Third Floor Entry, Closet Cabinetry, Elevator, Walk-In Closet(s)
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: High Impact Doors
  • Flooring: Ceramic Floor
  • Furnished: Unfurnished
  • Living Area: 882
  • Other Equipment: Elevator
  • Stories: 4
  • Dining Room Features: Dining/Living Room

Exterior Features

  • Roof: Concrete
  • View: Other
  • Exterior Features: Lighting
  • Construction Type: Concrete Block With Brick
  • Pool Features: In Ground
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: EL LAGO CONDO
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: Guest, No Motorcycle, No Rv/Boats, No Trucks/Trailers

Utilities

  • Sewer: Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Key Card Entry, Complex Fenced

Condo/Co-op/Association

  • Amenities: Community Pool, Elevator(s), Laundry Facility
  • Association: No
  • Community Features: Lawn/Pool Maintenance, Pool, Gated Community, Laundry Facilities, Paved Road, Street Lights

Lot Info

  • Parcel Number: 01-31-31-024-1350
  • Land Lease: No
  • Land Lease Amount Frequency: Monthly
  • Zoning: 6106
  • ResoLotSizeUnits: SquareFeet

Green Features

  • Efficiency: Lighting

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2024
Closed on
Nov 18, 2024
Sold by
Palazuelos Ivis and Cordoba Arlen
Bought by
Lago 5505 Llc
Seller's Agent
Armantina Habibe
Keller Williams Realty International Lifestyles
Buyer's Agent
Yaneisis Carretero Seoane
London Foster Realty
List Price
$290,000
Sold Price
$270,000
Premium/Discount to List
-$20,000
-6.9%
Views
12
Current Estimated Value
$261,169

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$8,831
Avg. Annual Appreciation
-5.18%

Purchase Details

Closed on
Feb 3, 2020
Sold by
Palazuelos Ivis
Bought by
Palazuelos Ivis and Cordoba Arlen
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
Lago 5505 Llc $270,000 Action Title
Lago 5505 Llc $270,000 Action Title
Palazuelos Ivis $31,500 Attorney
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/01/2025 02/01/25 Rented $2,150 0.0% --
01/23/2025 01/23/25 Under Contract -- -- --
01/16/2025 01/16/25 Price Changed $2,150 -6.5% $2 / Sq Ft
11/26/2024 11/26/24 For Rent $2,300 0.0% --
11/18/2024 11/18/24 Sold $270,000 -6.9% $306 / Sq Ft View Prior Sale
10/25/2024 10/25/24 Pending -- -- --
09/30/2024 09/30/24 For Sale $290,000 -- $329 / 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 $3,882 $192,000 -- --
2024 $1,838 $193,788 -- --
2023 $1,838 $131,283 $0 $0
2022 $1,762 $127,460 $0 $0
2021 $1,742 $123,748 $0 $0
2020 $2,283 $123,748 $0 $0
2019 $2,080 $112,498 $0 $0
2018 $1,919 $112,498 $0 $0
2017 $1,841 $74,287 $0 $0
2016 $1,649 $67,534 $0 $0
2015 $1,395 $61,395 $0 $0
2014 $1,327 $55,814 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Y

    Landlord's Agent in 2025

    Yaneisis Carretero Seoane

    London Foster Realty

    (305) 514-0100

    3 in this area

    7 Total Sales

    Yaneisis Carretero Seoane
    Section Image

  • A

    Seller's Agent in 2024

    Armantina Habibe

    Keller Williams Realty International Lifestyles

    (305) 495-2093

    1 in this area

    2 Total Sales

    Armantina Habibe
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11700061

MIAMI REALTORS® MLS

APN: 01-3131-024-1350

Florida Miami/Dade County Miami 33126 Flagami

5501 NW 7th St Unit E318, Miami, FL

Not Listed for Sale

MultiFamily

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