NOT LISTED FOR SALE

7440 SW 59th Place Unit 402 South Miami, FL 33143

Estimated Value: $671,000 - $1,425,000

3 Beds
2.5 Baths
1,914 Sq Ft
2005 Built

Last Sold September 30, 2014

Last sale price $515,000 $269 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $6,648/month

Highlights

  • Intercom to Front Desk
  • Vaulted Ceiling
  • Balcony
  • South Miami Middle School Rated A-
  • No HOA
  • 2 Car Attached Garage

About This Home

As of April 2024

Nestled a few blocks from Downtown South Miami sits this 3 bed 2.5 bath penthouse. Unit 402, with 1,914 square feet is on the top floor of a 4-story 2005 boutique building which houses only 7 units. The condo has ceramic flooring in the living areas and laminate wood in the bedrooms. It boasts high ceilings with crown molding throughout, impact windows, and French doors that open to the balconies. The eat-in open wood kitchen has stainless steel appliances and granite counters. An area off the hallway serves as a bonus space. The property is gated, with entry call box access for guests. It also provides 2 covered parking spaces. Washer and dryer are in the unit, as well as laundry room storage. A high-efficiency AC was installed in 2019. Move in and enjoy South Miami's urban living.

Last Agent to Rent the Property

Adam Levy

Compass Florida, LLC License #0639784 Listed on: 02/12/2024

Compass Florida, LLC

Last Renter's Agent

Angel Petisco

MovinMIA, LLC License #3597478

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,542

Year Built

  • Built in 2005

Parking

  • 2 Car Attached Garage
  • Assigned Parking

Home Design

  • Entry on the 4th floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,914 Sq Ft Home
  • 4-Story Property
  • Vaulted Ceiling
  • Blinds
  • Entrance Foyer
  • Open Floorplan
  • Ceramic Tile Flooring
  • Property Views

Kitchen

  • Self-Cleaning Oven
  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer

Home Security

Schools

  • Ludlam Elementary School
  • South Miami Middle School
  • South Miami High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Accessible Elevator Installed
  • Balcony

Listing and Financial Details

  • Property Available on 2/12/24
  • 1 Year With Renewal Option Lease Term
  • Assessor Parcel Number 09-40-36-087-0070

Community Details

Overview

  • No Home Owners Association
  • 59 Sunset Place Condo
  • 59 Sunset Place Condo Subdivision

Amenities

  • Intercom to Front Desk

Pet Policy

  • No Pets Allowed

Security

  • Complex Is Fenced
  • High Impact Windows
  • High Impact Door

Condo Details

Home Type

Condominium

Est. Annual Taxes

$11,542

Year Built

Built in 2005

Lot Details

0

Parking

2

Rental Info

  • Pets Allowed: No
  • Available Date: 2024-02-12
  • Lease Term: 1 Year With Renewal Option

Listing Details

  • Property Type: Residential Lease
  • Year Built: 2005
  • Property Sub Type: Condominium
  • Entry Level: 4
  • Garage Yn: Yes
  • Horses: No
  • Lease Assignable: No
  • New Construction: No
  • Building Stories: 4
  • Structure Type: Condo/Co-Op/Annual, Condo
  • Subdivision Name: 59 SUNSET PLACE CONDO
  • MIAMIRE_PoolYN: No
  • MIAMIRE_PetsAllowedYN: No
  • ResoPropertyType: ResidentialLease
  • Special Features: VirtualTour
  • Stories: 4

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Ice Maker, Microwave, Electric Range, Refrigerator, Self Cleaning Oven, Washer
  • Interior Amenities: Elevator, Entrance Foyer, Volume Ceilings, Utility Room/Laundry
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: High Impact Doors
  • Entry Location: Foyer
  • Flooring: Ceramic Floor
  • Furnished: Unfurnished
  • Living Area: 1914
  • Other Equipment: Elevator
  • Stories: 4
  • Window Features: Complete Impact Glass, Blinds, High Impact Windows
  • Dining Room Features: Dining/Living Room, Kitchen Dining
  • Living Room Features: Utility Room/Laundry

Exterior Features

  • View: Other
  • Exterior Features: Open Balcony
  • Construction Type: CBS Construction
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: 59 SUNSET PLACE CONDO
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 2 Spaces, Assigned, Covered

Utilities

  • Sewer: Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Laundry Features: Utility Room/Laundry
  • Security: Complex Fenced, Intercom In Lobby

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Ludlam
  • High School: South Miami
  • Middle Or Junior School: South Miami

Lot Info

  • Parcel Number: 09-40-36-087-0070
  • Land Lease: No
  • Land Lease Amount Frequency: Monthly
  • Zoning: 3800
  • ResoLotSizeUnits: SquareFeet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2014
Closed on
Sep 26, 2014
Sold by
Thomasen Scott and Thomasen Kimberly
Bought by
59 Sunset Place Properties Llc
Seller's Agent
Susan Heatley
MMLS Assoc.-Inactive Member
Buyer's Agent
MAR NON-MEMBER
NO MLS PARTICIPATION (MAR)
List Price
$549,000
Sold Price
$515,000
Premium/Discount to List
-$34,000
-6.19%
Current Estimated Value
$1,081,084

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$566,084
Avg. Annual Appreciation
6.92%

Purchase Details

Closed on
Dec 14, 2005
Sold by
Apex Home Corp
Bought by
Thomasen Scott and Thomasen Kimberly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,000
Interest Rate
5.75%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 5, 2005
Sold by
Fll Sunset Development Llc
Bought by
Apex Home Corp
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/01/2024 04/01/24 Rented $4,000 -11.1% --
02/12/2024 02/12/24 For Rent $4,500 +45.2% --
10/12/2020 10/12/20 Rented $3,100 -12.7% --
02/28/2020 02/28/20 For Rent $3,550 +1.4% --
03/07/2017 03/07/17 Under Contract -- -- --
02/15/2017 02/15/17 Rented $3,500 0.0% --
01/24/2017 01/24/17 Price Changed $3,500 -6.7% $2 / Sq Ft
01/09/2017 01/09/17 For Rent $3,750 +7.1% --
02/17/2016 02/17/16 Rented $3,500 0.0% --
12/28/2015 12/28/15 Under Contract -- -- --
12/07/2015 12/07/15 For Rent $3,500 -16.7% --
01/30/2015 01/30/15 Rented $4,200 +20.0% --
12/31/2014 12/31/14 Under Contract -- -- --
11/11/2014 11/11/14 For Rent $3,500 0.0% --
09/30/2014 09/30/14 Sold $515,000 -6.2% $269 / Sq Ft View Prior Sale
09/22/2014 09/22/14 Pending -- -- --
05/13/2014 05/13/14 For Sale $549,000 -- $287 / 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 $11,542 $626,535 -- --
2024 $10,856 $594,594 -- --
2023 $10,856 $540,540 $0 $0
2022 $9,443 $491,400 $0 $0
2021 $9,130 $455,000 $0 $0
2020 $9,153 $455,000 $0 $0
2019 $9,175 $455,000 $0 $0
2018 $8,975 $455,000 $0 $0
2017 $8,639 $434,500 $0 $0
2016 $8,805 $434,500 $0 $0
2015 $8,537 $413,810 $0 $0
2014 $6,234 $295,580 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11532204

MIAMI REALTORS® MLS

APN: 09-4036-087-0070