NOT LISTED FOR SALE

Estimated Value: $179,172 - $219,000

Studio
1 Bath
400 Sq Ft
1957 Built

Sale Details

Date Sold: August 30, 2022

Last sale price $170,000 $425 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $1,201 / mo

99 Days on Market

Highlights

  • Active Adult
  • Patio
  • Studio bedroom
  • Cooling Available
  • Burglar Security System
  • Ceiling Fan

About This Home

As of August 2022

South Beach Studio just 3 blocks from the ocean in a cute art deco style building with a street level entrance. Steps from all that South Beach has to offer. Fresh paint, new roof, new outside floor and landscaping. Beautiful studio, lots of storage space in a great location. Everything in walking distance. Residential street parking available. Great for a getaway place or as an investment. No Short-term renting.

Last Agent to Sell the Property

Brian Keane

Platinum Properties Int'l Inc. License #3522438 Listed on: 03/03/2022

Last Buyer's Agent

Moises Saca

Best American Realty Corp License #3273351

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,861

Year Built

  • Built in 1957

Home Design

  • Entry on the 1st floor
  • Stucco Exterior

Interior Spaces

  • 400 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Parquet Flooring
  • Burglar Security System
  • Gas Range

Bedrooms and Bathrooms

  • Studio bedroom
  • 1 Full Bathroom

Parking

  • On-Street Parking
  • Open Parking

Utilities

  • Cooling Available
  • Heating Available

Additional Features

  • Patio
  • South Facing Home

Listing and Financial Details

  • Assessor Parcel Number 02-42-03-194-0070

Community Details

Overview

  • Active Adult
  • Property has a Home Owners Association
  • 16 Units
  • Club Membership Required
  • Eight Palms Condo
  • Eight Palms Condo Subdivision

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Additional Features

  • Maintenance Expense $340
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,861

Year Built

Built in 1957

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Year Built: 1957
  • Property Sub Type: Condominium
  • Entry Level: 1
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 1-4 Stories, Condo
  • Subdivision Name: EIGHT PALMS CONDO
  • Year Built Details: Condo-Conversion
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: Yes
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Gas Range, Refrigerator
  • Interior Amenities: First Floor Entry
  • Full Bathrooms: 1
  • Flooring: Parquet
  • Furnished: Unfurnished
  • Living Area: 400
  • Possible Use: Primary
  • Stories: 2
  • Bedroom Features: Studio

Exterior Features

  • View: None
  • Exterior Features: Exterior Cat Walk
  • Construction Type: Stucco
  • Direction Faces: South
  • Patio And Porch Features: Patio
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: EIGHT PALMS CONDO
  • Open Parking: Yes
  • Parking Features: On Street

Utilities

  • Cooling: Ceiling Fan(s), Other
  • Cooling Y N: Yes
  • Heating: Other
  • Heating Yn: Yes
  • Security: Smoke Detector, Burglar Alarm

Condo/Co-op/Association

  • Amenities: None
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Senior Community: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-42-03-194-0070
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Maximum 20 Lbs

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 1861

Multi Family

  • Maintenance Expense: 340
  • Number Of Units In Community: 16
  • Number Of Units Total: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2022
Closed on
Aug 30, 2022
Sold by
Rodolfo Guerrero
Bought by
Rivera Cecilio Junior
Seller's Agent
Brian Keane
Platinum Properties Int'l Inc.
Buyer's Agent
Moises Saca
Best American Realty Corp
List Price
$179,999
Sold Price
$170,000
Premium/Discount to List
-$9,999
-5.56%
Views
1
Current Estimated Value
$191,856

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,856
Avg. Annual Appreciation
4.69%
Original Mortgage
$127,500
Outstanding Balance
$122,089
Interest Rate
5.54%
Mortgage Type
New Conventional
Estimated Equity
$78,204

Purchase Details

Closed on
Nov 15, 2006
Sold by
Perkins James and Perkins Donna
Bought by
Guerrero Rodolfo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,237
Interest Rate
8.25%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 31, 2002
Sold by
Arthur J Schultz M and Rochelle Schultz M
Bought by
Ro & Art Investments Inc

Purchase Details

Closed on
Jul 9, 2001
Sold by
Andrew Graham
Bought by
Schultz Arthur J and Schultz Rochelle

Purchase Details

Closed on
Jun 28, 1996
Sold by
635 8Th Street Ltd
Bought by
Graham Andrew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,200
Interest Rate
8.05%
Source: Public Records
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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
Rivera Cecilio Junior $170,000 --
Guerrero Rodolfo $180,300 Attorney
Ro & Art Investments Inc -- --
Schultz Arthur J $55,000 --
Graham Andrew $34,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rivera Cecilio Junior $127,500
Previous Owner Guerrero Rodolfo $171,237
Previous Owner Graham Andrew $44,000
Previous Owner Graham Andrew $27,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/30/2022 08/30/22 Sold $170,000 -2.9% $425 / Sq Ft
06/10/2022 06/10/22 Pending -- -- --
05/05/2022 05/05/22 Price Changed $174,999 -2.8% $437 / Sq Ft
03/03/2022 03/03/22 For Sale $179,999 0.0% $450 / Sq Ft
01/01/2017 01/01/17 Rented $1,000 -4.8% --
12/16/2016 12/16/16 Under Contract -- -- --
12/12/2016 12/12/16 Price Changed $1,050 -4.5% $3 / Sq Ft
11/30/2016 11/30/16 Price Changed $1,100 -6.8% $3 / Sq Ft
11/25/2016 11/25/16 For Rent $1,180 +9.3% --
12/11/2014 12/11/14 Rented $1,080 -1.8% --
11/11/2014 11/11/14 Under Contract -- -- --
10/23/2014 10/23/14 For Rent $1,100 +10.0% --
08/25/2013 08/25/13 Rented $1,000 0.0% --
08/25/2013 08/25/13 For Rent $1,000 -- --
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 $2,016 $148,524 -- --
2024 $2,029 $148,524 -- --
2023 $2,029 $148,524 $0 $0
2022 $2,008 $106,002 $0 $0
2021 $1,861 $96,366 $0 $0
2020 $2,237 $117,520 $0 $0
2019 $2,015 $104,000 $0 $0
2018 $1,906 $101,373 $0 $0
2017 $1,874 $98,420 $0 $0
2016 $2,091 $95,824 $0 $0
2015 $2,031 $87,113 $0 $0
2014 $1,729 $79,194 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: MIAMI REALTORS® MLS

MLS Number: A11168538

MIAMI REALTORS® MLS

APN: 02-4203-194-0070

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