NOT LISTED FOR SALE

Estimated Value: $335,000 - $374,000

2 Beds
2 Baths
914 Sq Ft
$554/mo HOA Fee

Last Sold July 20, 2021

Last sale price $255,000 $279 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $2,850/month

87 Days on Market

Highlights

  • Fitness Center
  • 5-minute walk to Park West
  • Roman Tub
  • Private Guards
  • Skyline View
  • End Unit

About This Home

As of July 2021

Location, location! Madison is conveniently located within walking distance to new Bright Line station and new Miami world center, Metro Rail, and world-class entertainment. Beautiful condo, 2/2 corner unit, remodeled, porcelain tile floors, stainless steel appliances 2 years old ,impact windows. A/C unit 4 years old, Central downtown Miami! Amenities include cable/premium channels, internet, assigned parking, gate,, sparkling pool & jacuzzi, BBQ grills, Volleyball court, Gym, lighted rooftop tennis/basketball courts, jogging track, cyber-café/library / free wireless, billiard/poker room, designer party room, theater room. Walk to AA Arena, Bay Front Park, Bayside Market Place Metro mover, minutes to South Beach, Design District and more. Easy to show must see it.to believe it!

Last Agent to Sell the Property

Beatriz Namen

Brier Real Estate Group License #3096168 Listed on: 03/02/2021

Last Buyer's Agent

Alexandra Ramirez

Serrano & Associates Real Estate, LLC License #3455752

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,284

Year Built

  • Built in 1989

Lot Details

  • End Unit
  • Fenced

HOA Fees

  • $554 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Assigned Parking

Home Design

  • Entry on the 7th floor

Interior Spaces

  • 914 Sq Ft Home
  • Ceramic Tile Flooring

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Roman Tub
  • Bathtub and Shower Combination in Primary Bathroom

Home Security

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Accessible Elevator Installed

Listing and Financial Details

  • Assessor Parcel Number 01-31-36-089-1280

Community Details

Overview

  • Madison At Downtown Condos
  • Madison Downtown Condo Subdivision
  • 22-Story Property

Amenities

  • Trash Chute
  • Billiard Room
  • Laundry Facilities
  • Elevator

Recreation

Pet Policy

  • Breed Restrictions

Building Details

Security

  • Private Guards
  • Security Guard
  • Card or Code Access
  • Secure Elevator
  • Complete Impact Glass

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,284

Year Built

Built in 1989

Lot Details

0

HOA Fees

$554 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1989
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit
  • Directions: 95 SOUTH TO I395, EAST TO THE PORT EXIT THEN SOUTH ON BISCAYNE BOULEVARD TO NE 9TH STREET, WEST TO N. MIAMI AVENUE
  • Entry Level: 7
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: MADISON DOWNTOWN CONDO
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Electric Water Heater, Microwave, Refrigerator
  • Interior Amenities: Elevator, Roman Tub
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Ceramic Floor
  • Furnished: Unfurnished
  • Living Area: 914
  • Other Equipment: Elevator
  • Possible Use: Primary
  • Stories: 22
  • Window Features: Complete Impact Glass
  • Bedroom Features: Other
  • Master Bathroom Features: Combination Tub & Shower

Exterior Features

  • View: Skyline
  • Exterior Features: Open Balcony, Tennis Court(s)
  • Fencing: Fenced
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: MADISON AT DOWNTOWN
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space, Assigned, Covered

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Common Area
  • Security: Elevator Secure, Card Entry, Guard At Site, Private Guards

Condo/Co-op/Association

  • Association Fee: 554
  • Amenities: Billiard Room, Elevator(s), Exercise Room, Pool, Tennis Court(s), Trash Chute
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 01-31-36-089-1280
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 4284

Multi Family

  • Maintenance Expense: 554

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2021
Closed on
Jul 20, 2021
Sold by
Velez Rentals Miami Llc
Bought by
Gonzalez Brian and Cleto Lauren
Seller's Agent
Beatriz Namen
Brier Real Estate Group
Buyer's Agent
Alexandra Ramirez
Serrano & Associates Real Estate, LLC
List Price
$265,000
Sold Price
$255,000
Premium/Discount to List
-$10,000
-3.77%
Current Estimated Value
$350,354

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,354
Avg. Annual Appreciation
7.28%
Original Mortgage
$242,250
Outstanding Balance
$220,139
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$130,215

Purchase Details

Closed on
Feb 21, 2020
Sold by
Velez Carlos J and Velez Nancy J
Bought by
Velez Rentals Miami Llc

Purchase Details

Listed on
Dec 12, 2016
Closed on
Feb 10, 2017
Sold by
Velez Carlos J and Velez Nancy J
Bought by
Velez Carlos J and Velez Nancy J
Seller's Agent
Beatriz Namen
Brier Real Estate Group
Buyer's Agent
Andrea Romano
Fortune Christie's Intl R.E.
Sold Price
$1,850

Purchase Details

Closed on
Dec 14, 2009
Sold by
Bayview Towers Associates Llc
Bought by
Velez Carlos J and Velez Nancy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,925
Interest Rate
5.01%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gonzalez Brian $255,000 Attorney
Velez Rentals Miami Llc -- Attorney
Velez Carlos J $24,000 Title Masters Usa Inc
Velez Carlos J $139,900 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gonzalez Brian $242,250
Previous Owner Velez Carlos J $104,925
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/20/2021 07/20/21 Sold $255,000 -1.9% $279 / Sq Ft
05/17/2021 05/17/21 Price Changed $259,900 -1.9% $284 / Sq Ft
05/17/2021 05/17/21 Price Changed $265,000 +3.9% $290 / Sq Ft
03/10/2021 03/10/21 Price Changed $255,000 -3.8% $279 / Sq Ft
03/02/2021 03/02/21 For Sale $265,000 0.0% $290 / Sq Ft
08/23/2019 08/23/19 Rented $1,750 -10.3% --
08/08/2019 08/08/19 Under Contract -- -- --
07/20/2019 07/20/19 For Rent $1,950 +5.4% --
03/01/2017 03/01/17 Rented $1,850 0.0% --
02/27/2017 02/27/17 Under Contract -- -- --
12/12/2016 12/12/16 For Rent $1,850 +2.8% --
12/15/2015 12/15/15 Rented $1,800 +5.9% --
11/15/2015 11/15/15 Under Contract -- -- --
10/20/2013 10/20/13 For Rent $1,700 -- --
Source: MIAMI REALTORS® MLS

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 $5,231 $258,970 -- --
2024 $5,190 $297,567 -- --
2023 $5,190 $288,900 $0 $0
2022 $4,615 $218,900 $0 $0
2021 $4,402 $202,727 $0 $0
2020 $4,284 $196,822 $0 $0
2019 $4,294 $196,822 $0 $0
2018 $4,215 $196,822 $0 $0
2017 $4,098 $189,252 $0 $0
2016 $4,107 $181,742 $0 $0
2015 $3,865 $165,220 $0 $0
2014 $3,478 $150,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11007062

MIAMI REALTORS® MLS

APN: 01-3136-089-1280