NOT LISTED FOR SALE

Estimated Value: $2,865,000 - $6,005,000

3 Beds
4.5 Baths
2,780 Sq Ft
$603/mo HOA Fee

Last Sold January 14, 2014

Last sale price $2,425,000 $872 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $24,679/month

215 Days on Market

Highlights

  • Doorman
  • Ocean Front
  • Newly Remodeled
  • Key Biscayne K-8 Center Rated A-
  • Fitness Center
  • Clubhouse

About This Home

As of January 2014

Wonderful views of the ocean, bay, gardens from this 3/4.5 plus den + maid's quarters. Lots of natural light, maple wood floors in the living areas , pass through views of the ocean, gardens and Biscayne Bay! 2 large balconies, large closets. Includes HOB BY ROOM!

Last Agent to Sell the Property

Daniel Gaviria

Great Properties International LLC License #0591285 Listed on: 03/12/2013

Great Properties International LLC

Co-Listed By

Ana Somarriba

Great Properties International LLC License #0653406

Last Buyer's Agent

Ada Castellanos

MMLS Assoc.-Inactive Member License #0665779

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $24,543

Year Built

  • Built in 1998 | Newly Remodeled

Lot Details

  • Ocean Front
  • East Facing Home

HOA Fees

  • $603 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Assigned Parking

Property Views

  • Garden

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,780 Sq Ft Home
  • Blinds
  • Formal Dining Room
  • Wood Flooring

Kitchen

  • Electric Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Closet Cabinetry

Laundry

  • Dryer
  • Washer

Additional Features

  • Accessible Elevator Installed
  • East of U.S. Route 1
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 24-52-05-054-0070

Community Details

Overview

  • Club Membership Required
  • High-Rise Condominium
  • Club Tower One Condos
  • The Ocean Club Subdivision
  • The community has rules related to no recreational vehicles or boats
  • Property has 1 Level

Amenities

  • Doorman
  • Clubhouse
  • Elevator

Recreation

  • Community Playground

Pet Policy

  • Breed Restrictions

Building Details

Security

  • Security Guard
  • Secure Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$24,543

Year Built

Built in 1998 | Newly Remodeled

Lot Details

0

HOA Fees

$603 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1998
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Entry Level: 7
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Deeded Beach Access
  • Unit Levels: 1
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: The Ocean Club
  • Year Built Details: New Construction
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: Yes
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Electric Range, Washer
  • Interior Amenities: Closet Cabinetry, Elevator
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Wood
  • Furnished: Unfurnished
  • Living Area: 2780
  • Possible Use: Primary
  • Stories: 24
  • Window Features: Blinds
  • Bedroom Features: Entry Level
  • Dining Room Features: Formal Dining

Exterior Features

  • View: Bay, Garden View, Ocean View
  • Exterior Features: East Of Us1, Open Balcony
  • Construction Type: CBS Construction
  • Direction Faces: East
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • Property Condition: New Construction
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: Club Tower One
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 2 Or More Spaces, Assigned, Covered, No Rv/Boats

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Doorman, Elevator Secure, Guard At Site

Condo/Co-op/Association

  • Association Fee: 1809
  • Amenities: Clubhouse-Clubroom, Elevator(s), Exercise Room, Exterior Lighting, Child Play Area, Pool, Tennis Court(s)
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • ResoAssociationFeeFrequency: Quarterly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo, Homeowners

Lot Info

  • Parcel Number: 24-52-05-054-0070
  • Lot Size Sq Ft: 2780
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Maintenance Expense: 1809

Tax Info

  • Tax Year: 2011
  • Tax Annual Amount: 24543

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2013
Closed on
Dec 30, 2013
Sold by
Sachtler Management Ltd
Bought by
Leach James F and Leach Valerie Hummel
Seller's Agent
Daniel Gaviria
Great Properties International LLC
Buyer's Agent
Ada Castellanos
MMLS Assoc.-Inactive Member
List Price
$2,550,000
Sold Price
$2,425,000
Premium/Discount to List
-$125,000
-4.9%
Current Estimated Value
$3,997,473

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,572,473
Avg. Annual Appreciation
4.40%
Original Mortgage
$818,750
Outstanding Balance
$620,882
Interest Rate
4.43%
Mortgage Type
New Conventional
Estimated Equity
$3,376,591

Purchase Details

Closed on
Nov 23, 1998
Sold by
Key Biscayne Ocean Club Ltd
Bought by
Sachtler Management Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
6.47%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Leach James F $2,425,000 None Available
Sachtler Management Ltd $685,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leach James F $818,750
Previous Owner Sachtler Management Ltd $900,000
Previous Owner Sachtler Management Ltd $750,000
Previous Owner Sachtler Management Ltd $650,000
Previous Owner Sachtler Management Ltd $450,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/14/2014 01/14/14 Sold $2,425,000 -4.9% $872 / Sq Ft
10/14/2013 10/14/13 Pending -- -- --
05/29/2013 05/29/13 Price Changed $2,550,000 0.0% $917 / Sq Ft
05/29/2013 05/29/13 For Sale $2,550,000 +5.2% $917 / Sq Ft
03/25/2013 03/25/13 Off Market $2,425,000 -- --
03/12/2013 03/12/13 For Sale $2,500,000 -- $899 / 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 $27,534 $1,838,845 -- --
2024 $27,145 $1,787,022 -- --
2023 $27,145 $1,734,973 $0 $0
2022 $26,341 $1,684,440 $0 $0
2021 $26,466 $1,635,379 $0 $0
2020 $25,981 $1,612,800 $0 $0
2019 $28,936 $1,787,472 $0 $0
2018 $27,461 $1,754,144 $0 $0
2017 $27,121 $1,718,065 $0 $0
2016 $27,181 $1,682,728 $0 $0
2015 $27,586 $1,671,031 $0 $0
2014 $30,886 $1,785,980 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A1759631

MIAMI REALTORS® MLS

APN: 24-5205-054-0070