NOT LISTED FOR SALE

Miami Beach, FL 33139

Lummus Park Neighborhood

Estimated Value: $347,065 - $599,000

Studio
1 Bath
514 Sq Ft
1925 Built

Sale Details

Date Sold: March 25, 2016

Last sale price $250,000 $486 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $2,965 / mo

3 Days on Market

Highlights

  • Ocean Front
  • Views
  • Tile Flooring
  • Furnished
  • Studio bedroom
  • 3-minute walk to Lummus Park

About This Home

As of March 2016

Unique Location! Cozy Studio in the heart of the Art Deco District. On Ocean Drive, across the street from the beach and close to the hottest attractions of South Beach. Short Term allowed. Great investment!

Last Agent to Sell the Property

Cristina Belosi

SOBE International Realty License #3296188 Listed on: 02/16/2016

Last Buyer's Agent

Giorgio Picinelli

SOBE International Realty License #3216822

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,327

Year Built

  • Built in 1925

Lot Details

  • Ocean Front

HOA Fees

  • $356 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 514 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Tile Flooring
  • Property Views

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • Studio bedroom
  • 1 Full Bathroom

Parking

  • On-Street Parking
  • Open Parking

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 02-42-03-212-0040

Community Details

Overview

  • Low-Rise Condominium
  • 918 Ocean Drive Condo

Pet Policy

  • Breed Restrictions

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,327

Year Built

Built in 1925

Lot Details

0 Sq Ft Lot

HOA Fees

$356 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1925
  • Property Sub Type: Condominium
  • Entry Level: 2
  • Garage Yn: No
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 1-4 Stories, Condo
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Microwave, Electric Range, Refrigerator
  • Interior Amenities: Second Floor Entry
  • Full Bathrooms: 1
  • Flooring: Tile
  • Furnished: Furnished
  • Living Area: 514
  • Possible Use: Investment
  • Stories: 3
  • Bedroom Features: Studio

Exterior Features

  • View: Other View
  • Exterior Features: Other
  • Construction Type: CBS Construction
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: 918 OCEAN DRIVE CONDO
  • Open Parking: Yes
  • Parking Features: On Street

Utilities

  • Water Source: Municipal Water
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Other
  • Heating Yn: Yes
  • Security: Other

Condo/Co-op/Association

  • Association Fee: 1067
  • Amenities: Other
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • ResoAssociationFeeFrequency: Quarterly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-42-03-212-0040
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 3327

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 30, 2024
Sold by
Guma Re Inc
Bought by
Sagima Inc
Current Estimated Value
$412,743

Purchase Details

Listed on
Feb 16, 2016
Closed on
Mar 24, 2016
Sold by
Grapavare Rentals Llc
Bought by
Guma Re Inc
Seller's Agent
Cristina Belosi
SOBE International Realty
Buyer's Agent
Giorgio Picinelli
SOBE International Realty
List Price
$259,000
Sold Price
$250,000
Premium/Discount to List
-$9,000
-3.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.70%

Purchase Details

Listed on
Jan 14, 2012
Closed on
Apr 17, 2012
Sold by
Elias Alberto and Galindo Jose
Bought by
Grapavare Rentals Llc
Seller's Agent
Suslix Alonso
Bestway Realty Sales, LLC
Buyer's Agent
Suslix Alonso
Bestway Realty Sales, LLC
List Price
$180,000
Sold Price
$180,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.74%
Original Mortgage
$144,000
Interest Rate
3.96%
Mortgage Type
Balloon

Purchase Details

Closed on
Jan 19, 2004
Sold by
Shuminer Alan J and Shuminer Cristina
Bought by
Elias Alberto and Galindo Jose

Purchase Details

Closed on
Jan 22, 2002
Sold by
Sara Martinez I
Bought by
Shuminer Alan J and Shuminer Cristina

Purchase Details

Closed on
Mar 10, 1998
Sold by
Mercator Usa Inc
Bought by
Martinez Sara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,100
Interest Rate
6.95%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Sagima Inc $169,000 None Listed On Document
Guma Re Inc $250,000 Attorney
Grapavare Rentals Llc $180,000 Attorney
Elias Alberto $100,000 --
Shuminer Alan J $72,000 --
Martinez Sara $114,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Grapavare Rentals Llc $144,000
Previous Owner Martinez Sara $74,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/25/2016 03/25/16 Sold $250,000 -3.5% $486 / Sq Ft
02/19/2016 02/19/16 Pending -- -- --
02/15/2016 02/15/16 For Sale $259,000 +43.9% $504 / Sq Ft
04/26/2012 04/26/12 Sold $180,000 0.0% $375 / Sq Ft View Prior Sale
03/19/2012 03/19/12 Pending -- -- --
01/14/2012 01/14/12 For Sale $180,000 0.0% $375 / Sq Ft
01/10/2012 01/10/12 Rented $1,200 0.0% --
01/10/2012 01/10/12 For Rent $1,200 -- --
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 $4,852 $323,840 -- --
2024 $4,441 $222,640 -- --
2023 $4,441 $202,400 $0 $0
2022 $3,457 $184,000 $0 $0
2021 $3,553 $184,000 $0 $0
2020 $3,562 $184,000 $0 $0
2019 $3,566 $184,000 $0 $0
2018 $3,837 $204,028 $0 $0
2017 $3,885 $204,028 $0 $0
2016 $3,583 $172,642 $0 $0
2015 $3,327 $156,948 $0 $0
2014 $2,899 $142,680 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Cristina Belosi

    Seller's Agent in 2016

    Cristina Belosi

    SOBE International Realty

    (786) 553-9643

    10 Total Sales

    Cristina Belosi
    Section Image
  • Giorgio Picinelli

    Buyer's Agent in 2016

    Giorgio Picinelli

    SOBE International Realty

    (305) 335-3449

    11 in this area

    55 Total Sales

    Giorgio Picinelli
    Section Image

  • S

    Seller's Agent in 2012

    Suslix Alonso

    Bestway Realty Sales, LLC

    (786) 541-7872

    Suslix Alonso
    Section Image
  • Jose Gonzalez

    Seller Co-Listing Agent in 2012

    Jose Gonzalez

    Bestway Realty Sales, LLC

    (786) 326-2823

    9 Total Sales

    Jose Gonzalez
    Section Image
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Source: MIAMI REALTORS® MLS

MLS Number: A10034768

MIAMI REALTORS® MLS

APN: 02-4203-212-0040

Florida Miami/Dade County Miami Beach 33139

Lummus Park

Not Listed for Sale

Condos

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