NOT LISTED FOR SALE

Estimated Value: $183,298 - $225,000

-- Bed
1 Bath
400 Sq Ft
1957 Built

Last Sold April 05, 2019

Last sale price $129,500 $324 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $1,279/month

68 Days on Market

Highlights

  • Closet Cabinetry
  • Views
  • Tile Flooring
  • Cooling System Mounted To A Wall/Window
  • Studio bedroom
  • Laundry Facilities

About This Home

As of April 2019

Enjoy the South Beach lifestyle in this conveniently located, ground level studio apartment. Well managed Art Deco building. Coin operated washer and dryer on site. Gas stove, dual closets, front and rear entrances. Walk to the beach, shops, grocery stores, restaurants and gyms. Easily accessible to 395.

Last Agent to Sell the Property

Molly Forenza

MMLS Assoc.-Inactive Member License #3355930 Listed on: 12/28/2018

Last Buyer's Agent

NON-MLS MEMBER

MAR NON MLS MEMBER License #SEF

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,906

Year Built

  • Built in 1957

Lot Details

  • South Facing Home

Home Design

  • Entry on the 1st floor
  • Studio
  • Stucco Exterior

Interior Spaces

  • 400 Sq Ft Home
  • 2-Story Property
  • Tile Flooring
  • Property Views

Kitchen

  • Gas Range
  • Microwave

Bedrooms and Bathrooms

  • Studio bedroom
  • Closet Cabinetry
  • 1 Full Bathroom
  • Bathtub and Shower Combination in Primary Bathroom

Home Security

Parking

  • On-Street Parking
  • Open Parking

Schools

  • South Pointe Elementary School
  • Nautilus Middle School
  • Miami Beach High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • No Heating

Listing and Financial Details

  • Assessor Parcel Number 02-42-03-194-0050

Community Details

Overview

  • Property has a Home Owners Association
  • 18 Units
  • Eight Palms Condo
  • Eight Palms Condo Subdivision

Pet Policy

  • Pets Allowed

Additional Features

  • Laundry Facilities
  • Maintenance Expense $309
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,906

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1957
  • Property Sub Type: Condominium
  • Directions: On the corner of 8th street and Euclid Ave. 2 blocks west of Washington.
  • Entry Level: 1
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 1-4 Stories, Condo
  • Subdivision Name: EIGHT PALMS CONDO
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Microwave, Gas Range, Refrigerator
  • Interior Amenities: First Floor Entry, Closet Cabinetry, Studio Apartment
  • Full Bathrooms: 1
  • Flooring: Tile
  • Furnished: Unfurnished
  • Living Area: 400
  • Possible Use: Investment
  • Stories: 2
  • Bedroom Features: Entry Level, Primary Bedroom Ground Level, Studio
  • Living Room Features: Studio Apartment
  • Master Bathroom Features: Combination Tub & Shower

Exterior Features

  • View: Other View
  • Exterior Features: Exterior Cat Walk, Other
  • Construction Type: Stucco
  • Direction Faces: South
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: Eight Palms Condo
  • Open Parking: Yes
  • Parking Features: On Street

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating: None
  • Heating Yn: No
  • Security: Smoke Detector, Other

Condo/Co-op/Association

  • Amenities: Laundry
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Schools

  • Elementary School: South Pointe
  • High School: Miami Beach
  • Middle Or Junior School: Nautilus

Lot Info

  • Parcel Number: 02-42-03-194-0050
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes

Multi Family

  • Maintenance Expense: 309
  • Number Of Units In Community: 18
  • Number Of Units Total: 18

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 1906

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 28, 2018
Closed on
Apr 5, 2019
Sold by
Wechsler Rosane
Bought by
Wmil Group Inc
Seller's Agent
Molly Forenza
MMLS Assoc.-Inactive Member
Buyer's Agent
NON-MLS MEMBER
MAR NON MLS MEMBER
List Price
$135,000
Sold Price
$129,500
Premium/Discount to List
-$5,500
-4.07%
Current Estimated Value
$201,825

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,325
Avg. Annual Appreciation
7.05%

Purchase Details

Closed on
Oct 7, 2005
Sold by
Cellucci Nancy
Bought by
Wechsler Rosane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,600
Interest Rate
5.28%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jun 27, 2002
Sold by
Andrew Graham I
Bought by
Cellucci Maria and Cellucci Nancy

Purchase Details

Closed on
Jun 28, 1996
Sold by
635 8Th Street Ltd
Bought by
Graham Andrew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,200
Interest Rate
8.05%
Source: Public Records

Range of Values:

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Average Value
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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
Wmil Group Inc $129,500 Attorney
Wechsler Rosane $157,000 Empire Title Services Inc
Cellucci Maria $60,000 --
Graham Andrew $34,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wechsler Rosane $125,600
Previous Owner Graham Andrew $27,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/05/2019 04/05/19 Sold $129,500 -0.4% $324 / Sq Ft
03/06/2019 03/06/19 Pending -- -- --
01/17/2019 01/17/19 Price Changed $130,000 -3.7% $325 / Sq Ft
12/28/2018 12/28/18 For Sale $135,000 -- $338 / 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 $2,544 $141,088 -- --
2024 $2,417 $128,262 -- --
2023 $2,417 $116,602 $0 $0
2022 $2,008 $106,002 $0 $0
2021 $1,861 $96,366 $0 $0
2020 $2,275 $117,520 $0 $0
2019 $2,015 $104,000 $0 $0
2018 $1,906 $101,373 $0 $0
2017 $1,874 $98,420 $0 $0
2016 $2,091 $95,824 $0 $0
2015 $2,031 $87,113 $0 $0
2014 $1,729 $79,194 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10584245

MIAMI REALTORS® MLS

APN: 02-4203-194-0050