NOT LISTED FOR SALE

Estimated Value: $218,000 - $256,000

1 Bed
1 Bath
590 Sq Ft
$286/mo HOA Fee

Last Sold August 19, 2021

Last sale price $158,000 $268 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $1,832/month

26 Days on Market

Highlights

  • Garden View
  • Cooling System Mounted To A Wall/Window
  • Tile Flooring
  • Furnished
  • Courtyard
  • 4-minute walk to Flamingo Park

About This Home

As of August 2021

Spacious 1/1 opportunity located in South Beach! Unit features tile floors throughout and an open kitchen concept with marble counter tops. Ample storage space with 3 large walk-in closets. New AC, new washer inside the unit, and new oven. The building is in excellent condition with new roof, sewage system, and electrical wiring upgraded to 100 amp. 50 years re-certification completed along with paid special assessments to paint the building’s exterior. Excellent location, close to main attractions and at walking distance to the Beach!

Last Agent to Sell the Property

Zarko Draskovic

London Foster Realty License #3277860 Listed on: 07/15/2021

London Foster Realty

Last Buyer's Agent

Benjamin Gonzalez

Miami Realty Solution Group License #3311081

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,292

Year Built

  • Built in 1948

HOA Fees

  • $286 Monthly HOA Fees

Home Design

  • Garden Apartment
  • Entry on the 1st floor

Interior Spaces

  • 590 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Tile Flooring
  • Garden Views
  • Washer and Dryer Hookup

Kitchen

  • Electric Range
  • Microwave

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Home Security

Parking

  • On-Street Parking
  • Open Parking

Outdoor Features

  • Courtyard

Utilities

  • Cooling System Mounted To A Wall/Window
  • No Heating

Listing and Financial Details

  • Assessor Parcel Number 02-42-03-232-0090

Community Details

Overview

  • The Lorena Condo
  • The Lorena Condo Subdivision

Pet Policy

  • Breed Restrictions

Building Details

Security

  • Secure Stairs
  • Complex Is Fenced
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,292

Year Built

Built in 1948

Lot Details

0

HOA Fees

$286 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1948
  • Property Sub Type: Condominium
  • Architectural Style: Garden Apartment
  • Entry Level: 1
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 1-4 Stories, Condo
  • Subdivision Name: THE LORENA CONDO
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Microwave, Electric Range, Refrigerator
  • Interior Amenities: Other
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Tile
  • Furnished: Furnished
  • Living Area: 590
  • Possible Use: Investment
  • Stories: 2
  • Bedroom Features: Other

Exterior Features

  • View: Garden View
  • Exterior Features: Courtyard
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: THE LORENA CONDO
  • Open Parking: Yes
  • Parking Features: On Street

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: None
  • Heating Yn: No
  • Laundry Features: Washer/Dryer Hook-Up
  • Security: Smoke Detector, Complex Fenced, Fire Alarm, Stairs Secured

Condo/Co-op/Association

  • Association Fee: 286
  • Amenities: None
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-42-03-232-0090
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 2292

Multi Family

  • Maintenance Expense: 286

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2021
Closed on
Aug 12, 2021
Sold by
Ozyesilpinar Birol
Bought by
Reec Real Estate Corp
Seller's Agent
Zarko Draskovic
London Foster Realty
Buyer's Agent
Benjamin Gonzalez
Miami Realty Solution Group
List Price
$169,000
Sold Price
$158,000
Premium/Discount to List
-$11,000
-6.51%
Current Estimated Value
$237,623

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,623
Avg. Annual Appreciation
10.20%

Purchase Details

Closed on
Jul 15, 2005
Sold by
Marquez Ivan
Bought by
Tongate Revocable Trust

Purchase Details

Closed on
Jul 16, 2004
Sold by
Rauhala Ilona
Bought by
Marquez Ivan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
6.19%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 15, 2000
Sold by
Baum Paul A and Baum Rachel
Bought by
Rauhala Ilona
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

Purchase History

Date Buyer Sale Price Title Company
Reec Real Estate Corp $158,000 Real Title Ins Agcy Llc
Tongate Revocable Trust $199,000 Urban Title Llc
Marquez Ivan $139,100 Urban Title Llc
Rauhala Ilona $79,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Marquez Ivan $132,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/19/2021 08/19/21 Sold $158,000 -6.5% $268 / Sq Ft
08/10/2021 08/10/21 Pending -- -- --
07/15/2021 07/15/21 For Sale $169,000 0.0% $286 / Sq Ft
03/31/2016 03/31/16 Rented $1,425 -3.4% --
03/10/2016 03/10/16 Under Contract -- -- --
01/15/2016 01/15/16 For Rent $1,475 +5.4% --
12/20/2014 12/20/14 Rented $1,400 0.0% --
11/20/2014 11/20/14 Under Contract -- -- --
11/15/2014 11/15/14 For Rent $1,400 0.0% --
07/11/2014 07/11/14 Rented $1,400 0.0% --
07/11/2014 07/11/14 For Rent $1,400 +27.3% --
04/14/2012 04/14/12 Rented $1,100 -8.3% --
04/14/2012 04/14/12 For Rent $1,200 -- --
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 $3,628 $203,227 -- --
2024 $3,378 $184,752 -- --
2023 $3,378 $167,957 $0 $0
2022 $2,869 $152,689 $0 $0
2021 $2,631 $130,240 $0 $0
2020 $2,292 $118,400 $0 $0
2019 $2,868 $148,000 $0 $0
2018 $3,092 $164,415 $0 $0
2017 $2,846 $149,468 $0 $0
2016 $2,639 $135,880 $0 $0
2015 $2,554 $124,553 $0 $0
2014 $2,301 $113,230 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11070505

MIAMI REALTORS® MLS

APN: 02-4203-232-0090