$840,000
SOLD OCT 2, 2019
3 Beds
3.5 Baths
2,343 Sq Ft
$2,311/mo HOA Fee

Recently Sold

$359 Per Sq Ft

13% Below List Price

7 Days on Market

Highlights

  • Valet Parking
  • Marina
  • Fitness Center
  • North Beach Elementary School Rated A-
  • Dock Available
  • Intracoastal View

About This Home

As of October 2019

Aqua, an exclusive waterfront community on Allison Island. Spectacular 3 bedroom, 3.5 bathroom corner unit in Spear, one of 3 highrises on the island. Enjoy endless views from your wraparound balcony of the Indian Creek Waterway. Great floor plan with lots of entertaining areas, gourmet kitchen and master bedroom with a private balcony. Amenities include 5,000 state-of-the-art-gym, 2 heated pools, barbecue area, valet, waterfront promenade, marina and children's playroom. This property has been placed in an upcoming event. All properties are subject to a 5% buyer's premium pursuant to the Auction Participation Agreement and Terms & Conditions (minimums will apply). Auction Dates are 08/10/2019 - 08/13/2019. Please contact listing agent for details.

Last Agent to Sell the Property

Veronica Crego-flores

MMLS Assoc.-Inactive Member License #3442761 Listed on: 08/07/2019

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2004

Lot Details

  • Home fronts a creek
  • South Facing Home

HOA Fees

  • $2,311 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Brick Front

Interior Spaces

  • 2,343 Sq Ft Home
  • Entrance Foyer
  • Combination Dining and Living Room
  • Breakfast Area or Nook

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Separate Shower in Primary Bathroom

Home Security

Outdoor Features

  • Dock Available

Schools

  • North Beach Elementary School
  • Nautilus Middle School
  • Miami Beach High School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-32-11-077-0320

Community Details

Overview

  • Mid-Rise Condominium
  • Spear At Aqua Condos
  • Spear At Aqua Condo Subdivision
  • 11-Story Property

Amenities

  • Valet Parking
  • Community Barbecue Grill
  • Trash Chute
  • Community Center
  • Party Room
  • Elevator

Recreation

  • Marina
  • Community Playground
  • Community Spa

Pet Policy

  • Breed Restrictions

Security

  • Card or Code Access
  • Complex Is Fenced
  • Clear Impact Glass

Property Details

Home Type

Condominium

Year Built

Built in 2004

Lot Details

0

HOA Fees

$2,311 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2004
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit
  • Entry Level: 10
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Dock Available
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: SPEAR AT AQUA CONDO
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: 5184

Interior Features

  • Appliances: Other Equipment/Appliances
  • Interior Amenities: Entrance Foyer, Walk-In Closet(s)
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Entry Location: Foyer
  • Flooring: Other
  • Furnished: Unfurnished
  • Living Area: 2343
  • Possible Use: Investment
  • Stories: 11
  • Window Features: Clear Impact Glass
  • Bedroom Features: Entry Level
  • Dining Room Features: Breakfast Area, Dining/Living Room
  • Master Bathroom Features: Separate Tub & Shower

Exterior Features

  • View: Intracoastal View
  • Exterior Features: Open Balcony
  • Construction Type: Brick
  • Direction Faces: South
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Creek
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: Spear at Aqua
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 2 Or More Spaces, Valet

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Complex Fenced, Card Entry

Condo/Co-op/Association

  • Association Fee: 2311
  • Amenities: Barbecue, Community Room, Elevator(s), Exercise Room, Heated Pool, Marina, Child Play Area, Spa/Hot Tub, Trash Chute
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Schools

  • Elementary School: North Beach
  • High School: Miami Beach
  • Middle Or Junior School: Nautilus

Lot Info

  • Parcel Number: 02-32-11-077-0320
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 21794

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2019
Closed on
Aug 21, 2019
Sold by
The Bank Of New York Mellon
Bought by
Vb Res Llc
Seller's Agent
Veronica Crego-flores
MMLS Assoc.-Inactive Member
List Price
$965,000
Sold Price
$840,000
Premium/Discount to List
-$125,000
-12.95%
Current Estimated Value
$2,280,348

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,440,348
Avg. Annual Appreciation
18.57%
Original Mortgage
$265,000
Interest Rate
3.5%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 13, 2019
Sold by
Hadley Darius T
Bought by
The Bank Of New York Mellon

Purchase Details

Closed on
Aug 4, 2006
Sold by
Sarwar Yasmeen
Bought by
Hadley Darius T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,400,000
Interest Rate
8.12%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Sep 28, 2005
Sold by
Pronique Inc
Bought by
Sarwar Yasmeen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
7%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 28, 2005
Sold by
63Rd Street Associates Ltd
Bought by
Pronique Inc
Source: Public Records

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Range of Values:

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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
Special Warranty Deed $840,000 Attorney
Trustee Deed $454,800 None Available
Warranty Deed $1,750,000 South Pointe Title Company
Warranty Deed $1,175,000 Oasis Title Company
Special Warranty Deed $825,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $962,500 New Conventional
Previous Owner $265,000 Future Advance Clause Open End Mortgage
Previous Owner $1,400,000 Negative Amortization
Previous Owner $750,000 Fannie Mae Freddie Mac
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2019 11/01/19 Rented $6,500 0.0% --
10/18/2019 10/18/19 Under Contract -- -- --
10/10/2019 10/10/19 For Rent $6,500 0.0% --
10/02/2019 10/02/19 Sold $840,000 -13.0% $359 / Sq Ft
08/14/2019 08/14/19 Pending -- -- --
08/07/2019 08/07/19 For Sale $965,000 -- $412 / 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
2024 $27,289 $1,352,961 -- --
2023 $27,289 $1,229,965 $0 $0
2022 $22,274 $1,118,150 $0 $0
2021 $19,627 $1,082,700 $0 $0
2020 $20,961 $1,082,700 $0 $0
2019 $23,312 $1,203,000 $0 $0
2018 $21,794 $1,203,000 $0 $0
2017 $20,840 $1,031,320 $0 $0
2016 $19,354 $937,564 $0 $0
2015 $18,723 $852,331 $0 $0
2014 $17,492 $774,847 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10719662

MIAMI REALTORS® MLS

APN: 02-3211-077-0320