NOT LISTED FOR SALE

Estimated Value: $355,187 - $407,000

2 Beds
1 Bath
938 Sq Ft
$611/mo HOA Fee

Last Sold September 26, 2019

Last sale price $240,000 $256 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $3,117/month

88 Days on Market

Highlights

  • Property fronts an intracoastal waterway
  • Fitness Center
  • Main Floor Primary Bedroom
  • Bar or Lounge
  • Deck
  • 1-minute walk to Legion Memorial Park

About This Home

As of September 2019

Enjoy resort living at this beautiful 2 Bed/1 Bath condo in the heart of MIMO district. Unit features modern kitchen w/ European wood/glass cabinets, granite countertops and stainless steel appliances, large balcony w/ panoramic views of the city of Miami and intracoastal/bayfront and great master suite w/walk-in closet. First class amenities include large modern fitness center, two large waterfront pools, jacuzzi, BBQ, beach volleyball, kayak/canoe marina, spa with steam/sauna, cafe/convenience store and more! Beautiful and lush grounds with secure gated entry and 24-hour security. Walking distance to Starbucks, Panther Coffee and top-rated restaurants and beautiful parks. Minutes from Design District, Midtown, Wynwood and much more! Rented until 6/4/2020, great opportunity for investors.

Last Agent to Sell the Property

Sep Niakan

Blackbook Properties License #3102146 Listed on: 05/22/2019

Co-Listed By

Katia Bon

Blackbook Properties License #3318247

Last Buyer's Agent

Paola Nardo

Intertrust Realty Corp. License #3400650

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,241

Year Built

  • Built in 1983

Lot Details

  • Property fronts an intracoastal waterway
  • Property Fronts a Bay or Harbor
  • North Facing Home

HOA Fees

  • $611 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Guest Parking

Property Views

  • Intracoastal
  • Bay

Home Design

  • Garden Apartment
  • Concrete Block And Stucco Construction

Interior Spaces

  • 938 Sq Ft Home
  • Built-In Features
  • Vertical Blinds
  • Combination Dining and Living Room
  • Tile Flooring

Kitchen

  • Self-Cleaning Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Snack Bar or Counter

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 1 Full Bathroom
  • Bathtub and Shower Combination in Primary Bathroom

Home Security

Outdoor Features

  • Unrestricted saltwater access
  • Balcony
  • Deck
  • Outdoor Grill

Location

  • East of U.S. Route 1

Schools

  • Morningside Elementary School
  • Mann; Horace Middle School
  • Miami Edison High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 01-32-18-073-0110

Community Details

Overview

  • Mid-Rise Condominium
  • Nirvana Condo
  • Nirvana Condo No Five Con Subdivision
  • The community has rules related to no recreational vehicles or boats, no trucks or trailers
  • 7-Story Property

Amenities

  • Community Barbecue Grill
  • Sauna
  • Bar or Lounge
  • Laundry Facilities
  • Elevator

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Building Details

Security

  • Security Guard
  • Complex Is Fenced
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,241

Year Built

Built in 1983

Lot Details

0

HOA Fees

$611 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1983
  • Property Sub Type: Condominium
  • Architectural Style: Garden Apartment
  • Co List Office Mls Id: HBRW01
  • Co List Office Phone: 305-407-1699
  • Entry Level: 6
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Unrestricted Salt Water Access
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: NIRVANA CONDO NO FIVE CON
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Electric Water Heater, Microwave, Electric Range, Refrigerator, Self Cleaning Oven
  • Interior Amenities: First Floor Entry, Built-in Features, Split Bedroom, Walk-In Closet(s)
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Tile
  • Furnished: Unfurnished
  • Living Area: 938
  • Possible Use: Investment
  • Stories: 7
  • Window Features: Verticals
  • Bedroom Features: Entry Level, Master Bedroom Ground Level
  • Dining Room Features: Dining/Living Room, Snack Bar/Counter
  • Master Bathroom Features: Combination Tub & Shower

Exterior Features

  • View: Bay, Intracoastal View, Other View
  • Exterior Features: East Of Us1, Barbeque, Open Balcony
  • Construction Type: CBS Construction
  • Direction Faces: North
  • Patio And Porch Features: Deck, Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Intracoastal Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: Nirvana Condo
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space, Guest, No Rv/Boats, No Trucks/Trailers

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Laundry Features: Common Area
  • Security: Smoke Detector, Complex Fenced, Guard At Site, Security Patrol

Condo/Co-op/Association

  • Association Fee: 611
  • Amenities: Bar, Barbecue, Laundry, Elevator(s), Exercise Room, Exterior Lighting, Other, Pool, Sauna, Spa/Hot Tub
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Schools

  • Elementary School: Morningside
  • High School: Miami Edison
  • Middle Or Junior School: Mann; Horace

Lot Info

  • Parcel Number: 01-32-18-073-0110
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: More Than 20 Lbs

Multi Family

  • Maintenance Expense: 611

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 3241

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2019
Closed on
Sep 25, 2019
Sold by
Chang Ray and Lee Peggy
Bought by
Arduino Guillermo Alfredo
Seller's Agent
Sep Niakan
Blackbook Properties
Buyer's Agent
Paola Nardo
Intertrust Realty Corp.
List Price
$255,000
Sold Price
$240,000
Premium/Discount to List
-$15,000
-5.88%
Current Estimated Value
$378,047

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$138,047
Avg. Annual Appreciation
7.94%
Original Mortgage
$175,000
Outstanding Balance
$153,335
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$224,712

Purchase Details

Closed on
Jul 13, 2004
Sold by
Sobay Partners Llc
Bought by
Chang Ray and Lee Peggy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,950
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage
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
Arduino Guillermo Alfredo $240,000 Casuso Title Services Llc
Chang Ray $217,800 Ocean Point Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arduino Guillermo Alfredo $175,000
Previous Owner Chang Ray $106,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/26/2019 09/26/19 Sold $240,000 -4.8% $256 / Sq Ft
08/18/2019 08/18/19 Pending -- -- --
07/15/2019 07/15/19 Price Changed $252,000 0.0% $269 / Sq Ft
06/17/2019 06/17/19 Rented $1,800 -99.3% --
06/13/2019 06/13/19 Under Contract -- -- --
05/22/2019 05/22/19 For Sale $255,000 0.0% $272 / Sq Ft
05/16/2019 05/16/19 Price Changed $1,900 -2.6% $2 / Sq Ft
05/13/2019 05/13/19 For Rent $1,950 +14.7% --
05/15/2017 05/15/17 Rented $1,700 0.0% --
04/28/2017 04/28/17 Under Contract -- -- --
04/17/2017 04/17/17 Price Changed $1,700 -5.6% $2 / Sq Ft
02/22/2017 02/22/17 Price Changed $1,800 -5.0% $2 / Sq Ft
02/10/2017 02/10/17 Price Changed $1,895 -5.3% $2 / Sq Ft
01/11/2017 01/11/17 For Rent $2,000 +25.4% --
06/06/2014 06/06/14 Rented $1,595 0.0% --
06/06/2014 06/06/14 For Rent $1,595 +10.0% --
10/01/2012 10/01/12 Rented $1,450 -6.5% --
09/01/2012 09/01/12 Under Contract -- -- --
07/11/2012 07/11/12 For Rent $1,550 -- --
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 $5,539 $283,845 -- --
2024 $5,199 $258,041 -- --
2023 $5,199 $234,583 $0 $0
2022 $4,524 $213,258 $0 $0
2021 $4,119 $193,871 $0 $0
2020 $4,009 $188,224 $0 $0
2019 $3,516 $180,985 $0 $0
2018 $3,241 $180,985 $0 $0
2017 $3,101 $129,356 $0 $0
2016 $2,992 $117,597 $0 $0
2015 $2,779 $106,907 $0 $0
2014 $2,448 $97,189 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10678605

MIAMI REALTORS® MLS

APN: 01-3218-073-0110