J
Seller's Agent in 2015
Joaquin Cossio
MMLS Assoc.-Inactive Member
655 Lenox Ave Miami Beach, FL 33139
Flamingo Neighborhood
--
Bed
--
Bath
7,500
Sq Ft
1956
Built
Highlights
- Beach Access
- No HOA
- 5-minute walk to Canopy Park
- South Pointe Elementary School Rated 9+
About This Home
As of June 2015Beautiful Two Building property with 8 Apartments ALL RENTED!!! (2 Units 2/2 and 6 Units 1/1), great investment opportunity with many highlights as very good and consistent Net Operation Income, the Property is located in Prime Miami Beach area just a few blocks to 5th Avenue Mall, Ocean Drive, the Beaches & the Miami Beach Marina, Large Apartments with very good maintenances, the buildings has a reinforced concrete slab on second floor, 40 Year Certification, and Rent Growth of 25% in the next 5 years.
Last Agent to Sell the Property
Joaquin Cossio
MMLS Assoc.-Inactive Member License #3269298 Listed on: 09/05/2014
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $18,881
Year Built
- Built in 1956
Lot Details
- 7,500 Sq Ft Lot
- Lot Dimensions are 50x150
- Additional Parcels
Additional Features
- Beach Access
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 02-42-03-009-7771
Community Details
Overview
- No Home Owners Association
- 3 4 54 42 3 4 53 42 Ocean Condos
- 3 4 54 42 3 4 53 42 Ocean Subdivision
Building Details
- Insurance Expense $3,000
- Other Expense $19,800
- New Taxes Expense $20,000
- Operating Expense $35,000
- Gross Income $112,800
- Net Operating Income $77,800
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 5, 2014
Closed on
Jun 16, 2015
Sold by
Bought by
Seller's Agent
Joaquin Cossio
MMLS Assoc.-Inactive Member
Buyer's Agent
Jackeline Londono
Morgan Whitney Inc
List Price
$1,999,999
Sold Price
$1,870,000
Premium/Discount to List
-$129,999
-6.5%
Purchase Details
Closed on
Oct 21, 2009
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
5.04%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 10, 2008
Sold by
Bought by
Purchase Details
Closed on
Feb 1, 2006
Sold by
Bought by
Purchase Details
Closed on
Feb 19, 1998
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,870,000 | Attorney | ||
| -- | Excellence Title Agency Inc | ||
| $1,240,000 | Attorney | ||
| -- | None Available | ||
| $270,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $1,300,000 | ||
| Previous Owner | $900,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/16/2015 06/16/15 | Sold | $1,870,000 | -6.5% | $249 / Sq Ft |
| 03/30/2015 03/30/15 | Pending | -- | -- | -- |
| 09/04/2014 09/04/14 | For Sale | $1,999,999 | -- | $267 / Sq Ft |
Source: MIAMI REALTORS® MLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $37,059 | $2,129,760 | $1,500,000 | $629,760 |
| 2024 | $36,370 | $1,972,109 | $1,725,000 | $247,109 |
| 2023 | $36,370 | $1,898,600 | $0 | $0 |
| 2022 | $32,430 | $1,726,000 | $1,725,000 | $1,000 |
| 2021 | $33,326 | $1,726,000 | $1,725,000 | $1,000 |
| 2020 | $33,415 | $1,726,000 | $1,725,000 | $1,000 |
| 2019 | $31,994 | $1,651,000 | $1,650,000 | $1,000 |
| 2018 | $0 | $1,651,000 | $1,650,000 | $1,000 |
| 2017 | $31,440 | $1,651,000 | $0 | $0 |
| 2016 | $32,070 | $1,651,000 | $0 | $0 |
| 2015 | -- | $962,500 | $0 | $0 |
| 2014 | -- | $961,831 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
-
Jackeline Londono
Buyer's Agent in 2015
Jackeline Londono
Morgan Whitney Inc
(305) 345-3738
1 in this area
57 Total Sales
Map
Source: MIAMI REALTORS® MLS
MLS Number: A2000930
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.
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.
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