NOT LISTED FOR SALE

551 Michigan Ave Unit 121 Miami Beach, FL 33139

Flamingo Neighborhood

Estimated Value: $243,000 - $262,000

1 Bed
1 Bath
521 Sq Ft
$580/mo HOA Fee

Last Sold November 13, 2024

Last sale price $265,000 $509 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $2,243/month

106 Days on Market

Highlights

  • Wood Flooring
  • End Unit
  • Central Air
  • South Pointe Elementary School Rated A-
  • Courtyard
  • Laundry Facilities

About This Home

As of November 2024

Discover South Beach living in this sunlit 1 bed/1 bath top floor corner unit. Enjoy urban convenience minutes from Lincoln Road, dining, and parks, with the beach just 10 minutes away. Recently upgraded A/C (2022), wood floors, and hurricane impact windows, this unit also features stainless steel appliances and on-site washer/dryer. Street parking. Come live in this South Beach gem.

Last Agent to Sell the Property

Alexander Abella

Compass Florida, LLC License #3390937 Listed on: 07/29/2024

Compass Florida, LLC

Last Buyer's Agent

Gerard Vignuli

New Level Corp License #3612928

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,546

Year Built

  • Built in 1945

Lot Details

  • End Unit
  • Fenced

HOA Fees

  • $580 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 521 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • Split Bedroom Floorplan
  • 1 Full Bathroom

Home Security

Parking

  • On-Street Parking
  • Open Parking

Outdoor Features

  • Courtyard

Utilities

  • Central Air
  • No Heating

Listing and Financial Details

  • Assessor Parcel Number 02-42-03-364-0110

Community Details

Overview

  • 551/557 Condominium Condos
  • 551/557 Michigan Condo Subdivision

Amenities

  • Laundry Facilities

Pet Policy

  • Pets Allowed

Security

  • Complex Is Fenced
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,546

Year Built

Built in 1945

Lot Details

0

HOA Fees

$580 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1945
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit
  • Entry Level: 2
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 1-4 Stories, Condo
  • Subdivision Name: 551/557 MICHIGAN CONDO
  • Year Built Details: Unknown
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Refrigerator
  • Interior Amenities: First Floor Entry, Split Bedroom
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Wood
  • Furnished: Unfurnished
  • Living Area: 521
  • Possible Use: Investment
  • Stories: 2
  • Bedroom Features: Entry Level

Exterior Features

  • View: None
  • Exterior Features: Courtyard
  • Construction Type: CBS Construction
  • Fencing: Fenced
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: 551/557 Condominium
  • Open Parking: Yes
  • Parking Features: On Street

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: None
  • Heating Yn: No
  • Laundry Features: Common Area
  • Security: Smoke Detector, Complex Fenced

Condo/Co-op/Association

  • Association Fee: 580
  • Amenities: None
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-42-03-364-0110
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 3546

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2024
Closed on
Nov 6, 2024
Sold by
Imaz Claude
Bought by
Ezrick Benjamin
Seller's Agent
Alexander Abella
Compass Florida, LLC
Buyer's Agent
Gerard Vignuli
New Level Corp
List Price
$295,000
Sold Price
$265,000
Premium/Discount to List
-$30,000
-10.17%
Views
10
Current Estimated Value
$251,742

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$13,258
Avg. Annual Appreciation
-5.00%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Ezrick Benjamin $265,000 None Listed On Document
Ezrick Benjamin $265,000 None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/13/2024 11/13/24 Sold $265,000 -7.0% $509 / Sq Ft
09/12/2024 09/12/24 Price Changed $285,000 -3.4% $547 / Sq Ft
07/29/2024 07/29/24 For Sale $295,000 0.0% $566 / Sq Ft
07/14/2021 07/14/21 Rented $2,100 -2.3% --
07/08/2021 07/08/21 For Rent $2,150 +19.4% --
02/18/2021 02/18/21 Rented $1,800 +12.5% --
01/28/2021 01/28/21 For Rent $1,600 0.0% --
01/19/2021 01/19/21 Under Contract -- -- --
10/30/2020 10/30/20 For Rent $1,600 +14.3% --
03/27/2017 03/27/17 Rented $1,400 -6.7% --
02/10/2017 02/10/17 Price Changed $1,500 -7.7% $3 / Sq Ft
12/07/2016 12/07/16 For Rent $1,625 +1.6% --
11/15/2015 11/15/15 Rented $1,600 -13.5% --
10/16/2015 10/16/15 Under Contract -- -- --
06/10/2015 06/10/15 For Rent $1,850 0.0% --
05/05/2015 05/05/15 Sold $282,500 -2.6% $535 / Sq Ft View Prior Sale
02/27/2014 02/27/14 Pending -- -- --
01/16/2014 01/16/14 For Sale $290,000 -- $549 / 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 $4,069 $192,564 -- --
2024 $3,546 $203,413 -- --
2023 $3,546 $184,921 $0 $0
2022 $3,259 $168,110 $0 $0
2021 $2,951 $152,828 $0 $0
2020 $2,778 $143,500 $0 $0
2019 $3,973 $205,000 $0 $0
2018 $4,062 $216,000 $0 $0
2017 $4,113 $216,000 $0 $0
2016 $3,885 $200,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2024

    Alexander Abella

    Compass Florida, LLC

    (305) 510-9365

    2 in this area

    42 Total Sales

    Alexander Abella
    Section Image

  • G

    Buyer's Agent in 2024

    Gerard Vignuli

    New Level Corp

    (917) 331-5795

    4 in this area

    8 Total Sales

    Gerard Vignuli
    Section Image

  • O

    Buyer's Agent in 2021

    Osama Akl

    Julie's Realty

    (305) 751-6400

    3 in this area

    21 Total Sales

    Osama Akl
    Section Image
  • Roberto Balcker

    Buyer's Agent in 2021

    Roberto Balcker

    Prime Den Real Estate Corporation

    (305) 606-1193

    1 in this area

    14 Total Sales

    Roberto Balcker
    Section Image
  • Dean Bloch

    Seller's Agent in 2017

    Dean Bloch

    Douglas Elliman

    (917) 848-9485

    1 in this area

    35 Total Sales

    Dean Bloch
    Section Image

  • A

    Buyer's Agent in 2017

    Annette Lopez-Munoz

    MMLS Assoc.-Inactive Member

    Section Image
See All Agents

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11631727

MIAMI REALTORS® MLS

APN: 02-4203-364-0110

Florida Miami/Dade County Miami Beach 33139 Flamingo

551 Michigan Ave Unit 121, Miami Beach, FL

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.

Nearby Homes