NOT LISTED FOR SALE

Miami Beach, FL 33140

Oceanfront Neighborhood

Estimated Value: $173,739 - $309,000

Studio
1 Bath
260 Sq Ft
1940 Built

Last Sold August 17, 2018

Last sale price $114,000 $438 Per Sq Ft

Est. 101% increase in value since last sale

Current estimated payment $1,420/month

1 Day on Market

Highlights

  • Home fronts a creek
  • River View
  • Cooling System Mounted To A Wall/Window
  • North Beach Elementary School Rated A-
  • Furnished
  • Studio bedroom

About This Home

As of August 2018

Furnished studio with view of Indian Creek is priced to sell! Nautical Art Deco building was recently painted and is only 2 blocks from the beach. Unit comes fully furnished. Great for a 2nd home or rental/investment property. Short term/nightly rentals are allowed in the building according to condo docs & city zone allows it as well. Excellent price in a booming area close to new FAENA District. Laundry on 3rd floor. Very easy to rent. Owner has paid special assessment for fire alarm upgrades & hallway updates which is about to start. Low HOA of $262/mo includes electricity, water, sewer, trash, insurance, maintenance, management. Association has no debts or delinquent owners. Great for an investor or a pied-a-terre on Miami Beach. Will not last. Cash offers only.

Last Agent to Sell the Property

Christopher Porcelli

Beachfront Realty Inc License #3219100 Listed on: 07/17/2018

Beachfront Realty Inc

Last Buyer's Agent

Norman Smith Becerra

Avanti Way Realty LLC License #3232119

Avanti Way Realty LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,649

Year Built

  • Built in 1940

Lot Details

  • Home fronts a creek
  • South Facing Home

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • 260 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Ceramic Tile Flooring
  • River Views
  • Electric Range

Bedrooms and Bathrooms

  • Studio bedroom
  • 1 Full Bathroom

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 02-32-26-044-0230

Community Details

Overview

  • Property has a Home Owners Association
  • Low-Rise Condominium
  • Riverview Villas Condo
  • Riverview Villas Condo Subdivision

Amenities

  • Secure Lobby
  • Interior Hall

Pet Policy

  • No Pets Allowed

Building Details

  • Maintenance Expense $262

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,649

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1940
  • 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
  • Subdivision Name: RIVERVIEW VILLAS CONDO
  • Year Built Details: Condo-Conversion
  • MIAMIRE_PetsAllowedYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Electric Range, Refrigerator
  • Interior Amenities: Interior Hall, First Floor Entry
  • Full Bathrooms: 1
  • Flooring: Ceramic Floor
  • Furnished: Furnished
  • Living Area: 260
  • Possible Use: Investment
  • Stories: 3
  • Bedroom Features: Studio

Exterior Features

  • View: River
  • Exterior Features: None
  • Direction Faces: South
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Creek, Waterfront
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: RIVERVIEW VILLAS CONDO
  • Parking Features: None

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: None
  • Heating Yn: No
  • Security: Lobby Secured

Condo/Co-op/Association

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

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-32-26-044-0230
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: No

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 1649

Multi Family

  • Maintenance Expense: 262

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 17, 2021
Sold by
Jugar Investment Llc
Bought by
2510 Wilson Llc
Current Estimated Value
$229,685

Purchase Details

Listed on
Jul 17, 2018
Closed on
Aug 17, 2018
Sold by
Porcilli Atalntic Properties Llc
Bought by
Jugar Investment Llc
Seller's Agent
Christopher Porcelli
Beachfront Realty Inc
Buyer's Agent
Norman Smith Becerra
Avanti Way Realty LLC
List Price
$124,900
Sold Price
$114,000
Premium/Discount to List
-$10,900
-8.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.78%

Purchase Details

Listed on
Aug 9, 2014
Closed on
Jul 28, 2014
Sold by
3801 Indian Creek Owner Llc
Bought by
Porcelli Atlantic Properties Llc
Seller's Agent
Christopher Porcelli
Beachfront Realty Inc
Buyer's Agent
Steven Restrepo
MMLS Assoc.-Inactive Member
Sold Price
$900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,500
Interest Rate
15.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 9, 2013
Sold by
Tamir Abraham and Tamir Ora
Bought by
3801 Indian Creek Owner Llc

Purchase Details

Closed on
Apr 16, 1999
Sold by
Burstyn & Sosa Investment Corp
Bought by
Tamir Abraham and Tamir Ora

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,600
Interest Rate
7.08%
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
2510 Wilson Llc $137,500 Empire Title Services Llc
2510 Wilson Llc $137,500 Empire Title
Jugar Investment Llc $114,000 Empire Title Services Inc
Porcelli Atlantic Properties Llc $95,000 Attorney
3801 Indian Creek Owner Llc -- None Available
Tamir Abraham $68,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Porcelli Atlantic Properties Llc $85,500
Previous Owner Tamir Abraham $47,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/17/2018 08/17/18 Sold $114,000 -8.7% $438 / Sq Ft
07/18/2018 07/18/18 Pending -- -- --
07/17/2018 07/17/18 For Sale $124,900 0.0% $480 / Sq Ft
06/28/2017 06/28/17 Rented $1,075 0.0% --
06/26/2017 06/26/17 Under Contract -- -- --
06/14/2017 06/14/17 Price Changed $1,075 -2.2% $4 / Sq Ft
06/07/2017 06/07/17 For Rent $1,099 +2.2% --
06/08/2016 06/08/16 Rented $1,075 0.0% --
06/08/2016 06/08/16 Price Changed $1,075 -2.2% $4 / Sq Ft
06/06/2016 06/06/16 For Rent $1,099 0.0% --
06/03/2016 06/03/16 Under Contract -- -- --
06/01/2016 06/01/16 For Rent $1,099 0.0% --
05/26/2016 05/26/16 Under Contract -- -- --
05/24/2016 05/24/16 For Rent $1,099 -8.4% --
11/13/2015 11/13/15 Rented $1,200 +4.4% --
11/13/2015 11/13/15 For Rent $1,149 +4.5% --
05/07/2015 05/07/15 Rented $1,099 0.0% --
05/07/2015 05/07/15 For Rent $1,099 +22.1% --
08/09/2014 08/09/14 Rented $900 -14.2% --
08/09/2014 08/09/14 For Rent $1,049 -- --
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 $2,737 $148,750 -- --
2024 $2,593 $143,990 -- --
2023 $2,593 $130,900 $0 $0
2022 $2,236 $119,000 $0 $0
2021 $2,253 $115,067 $0 $0
2020 $2,106 $116,000 $0 $0
2019 $1,843 $95,098 $0 $0
2018 $0 $91,440 $0 $0
2017 $1,649 $83,820 $0 $0
2016 $1,480 $76,200 $0 $0
2015 $782 $76,200 $0 $0
2014 $782 $60,960 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Christopher Porcelli

    Seller's Agent in 2018

    Christopher Porcelli

    Beachfront Realty Inc

    (305) 405-0615

    1 Total Sale

    Christopher Porcelli
    Section Image
  • Norman Smith Becerra

    Buyer's Agent in 2018

    Norman Smith Becerra

    Avanti Way Realty LLC

    (305) 343-1701

    50 Total Sales

    Norman Smith Becerra
    Section Image
  • Michael Maakar

    Buyer's Agent in 2017

    Michael Maakar

    InterConnect Realty LLC

    (442) 222-0092

    1 in this area

    85 Total Sales

    Michael Maakar
    Section Image

  • R

    Buyer's Agent in 2016

    Ricardo Morantes

    Florida Realty of Miami

  • S

    Buyer's Agent in 2015

    Sari Jacob

    SJC Realty

    (305) 944-2101

    Sari Jacob
    Section Image

  • S

    Buyer's Agent in 2014

    Steven Restrepo

    MMLS Assoc.-Inactive Member

See All Agents

Source: MIAMI REALTORS® MLS

MLS Number: A10505207

MIAMI REALTORS® MLS

APN: 02-3226-044-0230

Florida Miami/Dade County Miami Beach 33140

Oceanfront

Not Listed for Sale

Condos

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