$165,000
SOLD FEB 8, 2019 RENTED NOV 18, 2024

551 Michigan Ave Unit 123 Miami Beach, FL 33139

Flamingo Neighborhood
1 Bed
1 Bath
504 Sq Ft
$305/mo HOA Fee

Recently Sold

$327 Per Sq Ft

6% Below List Price

39 Days on Market

Highlights

  • Wood Flooring
  • High Impact Windows
  • Central Heating and Cooling System
  • South Pointe Elementary School Rated A-
  • Views
  • South Facing Home

About This Home

As of February 2023

RENTED FOR $ 1300 UNTIL 6/5/19. Totally remodeled South Beach condo with contemporary bathroom fixtures, Italian style kitchen cabinets, stainless steel appliances, impact resistant doors and windows, new plumbing and electrical. Washer/dryer in unit. Central a/c. Rental policy must be more than 6 months. Street parking. Low maintenance fees. Showings by appointment with 24hr notice.

Last Agent to Sell the Property

Patricio Orloff

Cervera Real Estate Inc. License #0628501 Listed on: 12/07/2018

Cervera Real Estate Inc.

Co-Listed By

Vanessa Burack

MMLS Assoc.-Inactive Member License #3291053

Last Buyer's Agent

Roberto Cuneo

Coldwell Banker Realty License #3260985

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,700

Year Built

  • Built in 1945 | Remodeled

HOA Fees

  • $305 Monthly HOA Fees

Interior Spaces

  • 504 Sq Ft Home
  • 2-Story Property
  • Property Views

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Home Security

Parking

  • On-Street Parking
  • Open Parking

Additional Features

  • South Facing Home
  • East of U.S. Route 1
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-42-03-364-0150

Community Details

Overview

  • 20 Units
  • 551 Michigan Condos
  • 551 Michigan Subdivision

Pet Policy

  • Breed Restrictions

Building Details

  • Maintenance Expense $300

Security

  • High Impact Windows
  • High Impact Door

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,700

Year Built

Built in 1945 | Remodeled

Lot Details

0

HOA Fees

$305 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1945
  • Property Sub Type: Condominium
  • Co List Office Mls Id: CERN01
  • Co List Office Phone: 305-374-3434
  • Directions: SE CORNER OF MICHIGAN AND 6TH. BY APPOINTMENT ONLY.
  • 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 MICHIGAN
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Microwave, Electric Range, Refrigerator
  • Interior Amenities: Other
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Door Features: High Impact Doors
  • Flooring: Tile, Wood
  • Furnished: Unfurnished
  • Living Area: 504
  • Possible Use: Investment
  • Stories: 2
  • Window Features: High Impact Windows, Impact Glass
  • Bedroom Features: Entry Level

Exterior Features

  • View: Other View
  • Exterior Features: East Of Us1
  • Construction Type: Other
  • Direction Faces: South
  • Pool Private: No
  • Property Condition: Updated/Remodeled
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: 551 MICHIGAN
  • Open Parking: Yes
  • Parking Features: On Street

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Security: No Security

Condo/Co-op/Association

  • Association Fee: 305
  • Amenities: Other
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-42-03-364-0150
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Maintenance Expense: 300
  • Number Of Units In Community: 20
  • Number Of Units Total: 10

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 3700

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2022
Closed on
Feb 28, 2023
Sold by
Biri Us Llc
Bought by
Artemenko Evgenia
Seller's Agent
Roberto Cuneo
Coldwell Banker Realty
Buyer's Agent
Irina Karapici
Julies Realty, LLC
List Price
$300,000
Sold Price
$285,000
Premium/Discount to List
-$15,000
-5%
Views
37
Current Estimated Value
$263,217

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$21,783
Avg. Annual Appreciation
-3.26%

Purchase Details

Listed on
Dec 7, 2018
Closed on
Feb 7, 2019
Sold by
Llec Ulises
Bought by
Biri Us Llc
Seller's Agent
Patricio Orloff
Cervera Real Estate Inc.
Buyer's Agent
Roberto Cuneo
Coldwell Banker Realty
List Price
$175,000
Sold Price
$165,000
Premium/Discount to List
-$10,000
-5.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.41%

Purchase Details

Closed on
May 5, 2015
Sold by
Inversiones South Beach Llc
Bought by
Ulises Llc
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $285,000 Titles Unlimited
Warranty Deed $165,000 Attorney
Deed $199,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/18/2024 11/18/24 Rented $2,100 0.0% --
10/03/2024 10/03/24 For Rent $2,100 0.0% --
02/28/2023 02/28/23 Sold $285,000 -5.0% $565 / Sq Ft
01/27/2023 01/27/23 Pending -- -- --
01/20/2023 01/20/23 Price Changed $300,000 0.0% $595 / Sq Ft
01/20/2023 01/20/23 For Sale $300,000 +17.6% $595 / Sq Ft
12/12/2022 12/12/22 Pending -- -- --
11/29/2022 11/29/22 For Sale $255,000 +54.5% $506 / Sq Ft
02/08/2019 02/08/19 Sold $165,000 -5.7% $327 / Sq Ft
01/15/2019 01/15/19 Pending -- -- --
12/07/2018 12/07/18 For Sale $175,000 0.0% $347 / Sq Ft
11/01/2016 11/01/16 Rented $1,375 0.0% --
10/31/2016 10/31/16 Under Contract -- -- --
10/18/2016 10/18/16 For Rent $1,375 -- --
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 $4,413 $187,877 -- --
2024 $3,487 $234,846 -- --
2023 $3,487 $181,876 $0 $0
2022 $3,206 $165,342 $0 $0
2021 $2,902 $150,311 $0 $0
2020 $2,670 $137,900 $0 $0
2019 $3,818 $197,000 $0 $0
2018 $3,699 $196,733 $0 $0
2017 $3,746 $196,733 $0 $0
2016 $3,538 $182,160 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10583027

MIAMI REALTORS® MLS

APN: 02-4203-364-0150