NOT LISTED FOR SALE

Estimated Value: $353,000 - $565,000

2 Beds
2.5 Baths
1,140 Sq Ft
$743/mo HOA Fee

Last Sold August 19, 2016

Last sale price $295,000 $259 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $3,197/month

271 Days on Market

Highlights

  • Doorman
  • Property has ocean access
  • Property fronts an intracoastal waterway
  • Marina
  • Private Dock
  • Heated Community Pool

About This Home

As of August 2016

spacious & airy residence with stunning Biscayne Bay & calming marina views. Located in the heart of Miami's Trendy Upper East Side. In close proximity to the Arsht Center of the Performing Arts, Downtown & Beaches. Enjoy the convenience of a private marina, tennis courts, pool, Jacuzzi & gym in the midst of 8 acres of Bayfront Tropical Paradise.

Last Agent to Sell the Property

Valerie Benadi

Keller Williams Realty Miami Beach License #3035942 Listed on: 10/17/2015

Keller Williams Realty Miami Beach

Last Buyer's Agent

Valerie Benadi

Keller Williams Realty Miami Beach License #3035942 Listed on: 10/17/2015

Keller Williams Realty Miami Beach

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,228

Year Built

  • Built in 1965

Lot Details

  • South Facing Home

HOA Fees

  • $743 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Assigned Parking

Property Views

Home Design

  • Entry on the 8th floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,140 Sq Ft Home
  • Sliding Windows
  • Combination Dining and Living Room
  • Tile Flooring

Kitchen

  • Self-Cleaning Oven
  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

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

Home Security

Outdoor Features

  • Property has ocean access
  • No Fixed Bridges
  • Private Dock
  • Exterior Lighting

Location

  • East of U.S. Route 1

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 01-32-18-045-0680

Community Details

Overview

  • 72 Units
  • Mid-Rise Condominium
  • Palm Bay Condo
  • Palm Bay Condo Subdivision
  • The community has rules related to no recreational vehicles or boats, no trucks or trailers
  • Car Wash Area
  • 9-Story Property

Amenities

  • Doorman
  • Community Barbecue Grill
  • Trash Chute
  • Laundry Facilities
  • Elevator

Recreation

  • Marina
  • Community Spa

Pet Policy

  • Breed Restrictions

Building Details

Security

  • Card or Code Access
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,228

Year Built

Built in 1965

Lot Details

0

HOA Fees

$743 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1965
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Directions: BISCAYNE TO 69 STREET HEAD EAST TO PALM BAY CONDO ON RIGHT.
  • Entry Level: 8
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Dock Available,Private Dock
  • Unit Levels: 0
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: PALM BAY CONDO
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Electric Range, Refrigerator, Self Cleaning Oven
  • Interior Amenities: Split Bedroom, Walk-In Closet(s)
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Tile
  • Furnished: Unfurnished
  • Living Area: 1140
  • Possible Use: Primary
  • Stories: 9
  • Window Features: Hurricane Shutters, Sliding
  • Bedroom Features: Entry Level
  • Dining Room Features: Dining/Living Room
  • Master Bathroom Features: Combination Tub & Shower

Exterior Features

  • View: Bay, Intracoastal View
  • Exterior Features: East Of Us1, Open Balcony
  • Construction Type: CBS Construction
  • Direction Faces: South
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Intracoastal Front, No Fixed Bridges, Ocean Access
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: PALM BAY CONDO
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space, Assigned, No Rv/Boats, No Trucks/Trailers

Utilities

  • Water Source: Municipal Water
  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Laundry Features: Common Area
  • Security: Smoke Detector, Doorman, Card Entry

Condo/Co-op/Association

  • Association Fee: 743
  • Amenities: Barbecue, Laundry, Elevator(s), Heated Pool, Exterior Lighting, Marina, Pool, Spa/Hot Tub, Tennis Court(s), Trash Chute, Vehicle Wash Area
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 01-32-18-045-0680
  • Lot Size Sq Ft: 1140
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Maintenance Expense: 743
  • Number Of Units In Community: 72
  • Number Of Units Total: 72

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 3228

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2015
Closed on
Aug 19, 2016
Sold by
Kofijy Investment Llc
Bought by
Bossa Giacomo
Seller's Agent
Valerie Benadi
Keller Williams Realty Miami Beach
Buyer's Agent
Valerie Benadi
Keller Williams Realty Miami Beach
List Price
$335,000
Sold Price
$295,000
Premium/Discount to List
-$40,000
-11.94%
Current Estimated Value
$415,524

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,524
Avg. Annual Appreciation
3.81%
Original Mortgage
$213,750
Outstanding Balance
$170,161
Interest Rate
3.41%
Mortgage Type
New Conventional
Estimated Equity
$245,363

Purchase Details

Listed on
Aug 7, 2013
Closed on
Dec 20, 2013
Sold by
Mathisen William E
Bought by
Kofijy Investment Llc
Seller's Agent
William Mathisen
WEMCO Realty Services
Buyer's Agent
Thibaut Rives De Lavaysse
Collins International Prop.
List Price
$219,000
Sold Price
$235,000
Premium/Discount to List
$16,000
7.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.89%

Purchase Details

Closed on
Aug 1, 2013
Sold by
Mathisen William E
Bought by
Benadi Valerie and Bromley Stephen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,250
Interest Rate
4.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 2, 2008
Sold by
Gallagher Robert E
Bought by
Mathisen William E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 23, 1994
Sold by
Gallagher Phil C
Bought by
Gallagher Phil C and Gallagher Carmen M
Source: Public Records

Range of Values:

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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
Bossa Giacomo $295,000 Attorney
Kofijy Investment Llc $235,000 Attorney
Benadi Valerie $155,000 Attorney
Mathisen William E $291,000 Attorney
Gallagher Phil C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bossa Giacomo $213,750
Previous Owner Benadi Valerie $116,250
Previous Owner Mathisen William E $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/19/2016 08/19/16 Sold $295,000 +17252.9% $259 / Sq Ft
07/15/2016 07/15/16 Pending -- -- --
05/27/2016 05/27/16 Rented $1,700 0.0% --
05/11/2016 05/11/16 Under Contract -- -- --
03/29/2016 03/29/16 For Rent $1,700 0.0% --
01/22/2016 01/22/16 Price Changed $325,000 -3.0% $285 / Sq Ft
10/17/2015 10/17/15 For Sale $335,000 0.0% $294 / Sq Ft
01/26/2015 01/26/15 Rented $1,800 -18.2% --
12/27/2014 12/27/14 Under Contract -- -- --
09/24/2014 09/24/14 For Rent $2,200 0.0% --
12/20/2013 12/20/13 Sold $235,000 -1.7% $206 / Sq Ft View Prior Sale
11/19/2013 11/19/13 Pending -- -- --
10/05/2013 10/05/13 Price Changed $239,000 -2.4% $210 / Sq Ft
09/09/2013 09/09/13 Price Changed $245,000 +11.9% $215 / Sq Ft
08/07/2013 08/07/13 For Sale $219,000 -- $192 / 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 $3,013 $197,716 -- --
2024 $2,974 $192,144 -- --
2023 $2,974 $186,548 $0 $0
2022 $2,868 $181,115 $0 $0
2021 $2,849 $175,840 $0 $0
2020 $2,889 $177,275 $0 $0
2019 $2,810 $173,290 $0 $0
2018 $2,683 $170,059 $0 $0
2017 $2,644 $166,562 $0 $0
2016 $3,305 $151,420 $0 $0
2015 $3,207 $144,210 $0 $0
2014 $3,115 $137,340 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A2190656

MIAMI REALTORS® MLS

APN: 01-3218-045-0680