NOT LISTED FOR SALE

Estimated Value: $3,594,818 - $4,386,000

3 Beds
3 Baths
2,092 Sq Ft
$1,848/Sq Ft Est. Value

Last Sold May 04, 2016

Last sale price $1,300,000 $621 Per Sq Ft

Est. 197% increase in value since last sale

Current estimated payment $25,162/month

88 Days on Market

Highlights

  • Property has ocean access
  • Property fronts an intracoastal waterway
  • Bay View
  • Private Dock
  • Heated In Ground Pool
  • Ranch Style House

About This Home

As of May 2016

All this for under $1.5M! Superb 3-bedroom 3-bath Mid-Century Modern bayfront home on prestigious gated North Bay Island. Shimmering water views & breathtaking sunsets. Open floor plan perfect for entertaining. Lots of windows, terrazzo & Cuban tile floors, open kitchen, cabana bath, garage, laundry/storage rm, gas appliances. Heated pool & lushly landscaped yard w/11-foot wall for privacy & docking for serious boaters. One of the least expensive bayfront properties in town. Will consider owner financing.

Last Agent to Sell the Property

Kimberly O'Mahony

BHHS EWM Realty License #0689746 Listed on: 12/02/2015

BHHS EWM Realty

Last Buyer's Agent

Kimberly Smith

The Keyes Company License #3210996

The Keyes Company

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,069

Year Built

  • Built in 1954

Lot Details

  • 6,900 Sq Ft Lot
  • Lot Dimensions are 60x115
  • Property fronts an intracoastal waterway
  • Property Fronts a Bay or Harbor
  • East Facing Home
  • Fenced
  • Property is zoned 90/AGRIC

Parking

  • 1 Car Attached Garage

Home Design

  • Ranch Style House
  • Flat Tile Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,092 Sq Ft Home
  • Ceiling Fan
  • Awning
  • Sliding Windows
  • Bay Views

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Gas Range
  • Dishwasher

Flooring

  • Carpet
  • Tile
  • Terrazzo

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • 3 Full Bathrooms
  • Shower Only

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Heated In Ground Pool
  • Property has ocean access
  • No Fixed Bridges
  • Private Dock
  • Patio
  • Porch

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • North Bay Island Subdivision

Listing and Financial Details

  • Assessor Parcel Number 23-32-09-008-0450

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,069

Year Built

Built in 1954

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1954
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, One Story, Ranch
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Private Dock
  • Lot Size: 60x115
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: NORTH BAY ISLAND
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Gas Range, Refrigerator, Wall Oven, Washer
  • Interior Amenities: First Floor Entry, Split Bedroom, Other
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Flooring: Carpet, Terrazzo, Tile
  • Furnished: Unfurnished
  • Living Area: 2092
  • Possible Use: Unknown/Withheld
  • Window Features: Hurricane Shutters, Awning, Sliding
  • Bedroom Features: Primary Bedroom Ground Level
  • Dining Room Features: Eat-In Kitchen
  • Living Room Features: Other
  • Master Bathroom Features: Shower Only

Exterior Features

  • Roof: Flat Tile
  • View: Bay, Water
  • Construction Type: CBS Construction
  • Direction Faces: East
  • Fencing: Fenced
  • Lot Features: Less Than 1/4 Acre Lot
  • Patio And Porch Features: Open Porch, Patio
  • Pool Features: In Ground, Heated
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access, Intracoastal Front, No Fixed Bridges
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: NORTH BAY ISLAND
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: Other

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Other

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 23-32-09-008-0450
  • Lot Size Sq Ft: 6900
  • Zoning: 90/AGRIC
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 8069

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 2, 2015
Closed on
Mar 30, 2016
Sold by
Morgenstern Michael Aaron and Morgenstern Benjia
Bought by
Wright Deborah P
Seller's Agent
Kimberly O'Mahony
BHHS EWM Realty
Buyer's Agent
Kimberly Smith
The Keyes Company
List Price
$1,595,000
Sold Price
$1,300,000
Premium/Discount to List
-$295,000
-18.5%
Current Estimated Value
$3,865,955

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,565,955
Avg. Annual Appreciation
12.38%
Original Mortgage
$1,039,869
Outstanding Balance
$819,899
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$3,046,056

Purchase Details

Closed on
Mar 30, 2015
Sold by
Morgenstern Michael Aaron and Morgenstern Benjia
Bought by
Morgenstern Family Revocable Trust

Purchase Details

Closed on
Aug 6, 1996
Sold by
Raul and Travieso Clara C
Bought by
Morgenstern Michael and Morgenstern Benjia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,250
Interest Rate
8.26%
Mortgage Type
New Conventional
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
Wright Deborah P $1,300,000 Homepartners Title Service
Morgenstern Family Revocable Trust -- None Available
Morgenstern Michael $275,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wright Deborah P $1,039,869
Previous Owner Wright Deborah P $1,825,000
Previous Owner Morgenstern Michael $206,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/04/2016 05/04/16 Sold $1,300,000 -13.0% $621 / Sq Ft
02/29/2016 02/29/16 Pending -- -- --
02/01/2016 02/01/16 Price Changed $1,495,000 -6.3% $715 / Sq Ft
12/02/2015 12/02/15 For Sale $1,595,000 -- $762 / 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 $51,130 $2,252,648 -- --
2024 $47,805 $2,047,862 -- --
2023 $47,805 $1,861,693 $0 $0
2022 $41,106 $1,692,449 $0 $0
2021 $35,428 $1,538,590 $0 $0
2020 $34,803 $1,517,348 $0 $0
2019 $33,330 $1,483,234 $796,873 $686,361
2018 $21,699 $969,852 $967,692 $2,160
2017 $22,185 $969,852 $0 $0
2016 $29,216 $1,286,441 $0 $0
2015 $7,975 $329,809 $0 $0
2014 $8,069 $327,192 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A2210566

MIAMI REALTORS® MLS

APN: 23-3209-008-0450