NOT LISTED FOR SALE

Estimated Value: $3,103,000 - $5,347,000

3 Beds
4 Baths
2,820 Sq Ft
1998 Built

Sale Details

Date Sold: September 7, 2012

Last sale price $3,950,000 $1,401 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $33,275 / mo

69 Days on Market

Highlights

  • Doorman
  • Private Beach Pavilion
  • Sauna
  • Ocean Front
  • Fitness Center
  • 1-minute walk to Miami Beach Ocean Walk

About This Home

As of September 2012

Panoramic views from this Extravagantly beautiful and sophisticated, largest oceanfront '08' line with the Finest details throughout. All rooms have ocean views and balcony access. Custom kitchen double wide Subzero , Polished concrete tile floors. Spa b athrooms. Built-in tv and sound systems. Wine cooler. Private elevator. Private beach area with cabanas, gym and pool. Full-time concierge. Rare opportunity in this highly desirable building. Best location on Ocean Drive.

Last Agent to Sell the Property

George Carmenate

Immobiliare Miami Company License #0696706 Listed on: 02/16/2012

Last Buyer's Agent

Eloy Carmenate

The Corcoran Group License #3008688

The Corcoran Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $38,318

Year Built

  • Built in 1998

Lot Details

  • Ocean Front

HOA Fees

  • $3,308 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Secured Garage or Parking

Home Design

  • Entry on the 8th floor

Interior Spaces

  • 2,820 Sq Ft Home
  • Direct Ocean Views
  • Washer and Dryer Hookup

Kitchen

  • Built-In Self-Cleaning Oven
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • 4 Full Bathrooms

Home Security

Outdoor Features

  • Unrestricted saltwater access
  • Outdoor Grill

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 02-32-34-115-0850

Community Details

Overview

  • 117 Units
  • Il Villaggio Condos
  • 17-Story Property

Amenities

  • Doorman
  • Sauna
  • Trash Chute
  • Community Kitchen
  • Billiard Room
  • Community Center
  • Party Room

Recreation

  • Private Beach Pavilion

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Security

  • Secure Elevator
  • High Impact Door
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$38,318

Year Built

Built in 1998

Lot Details

0 Sq Ft Lot

HOA Fees

$3,308 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1998
  • Property Sub Type: Condominium
  • Entry Level: 8
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Unrestricted Salt Water Access
  • Unit Levels: 0
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • LastStatus: Pending
  • CurrentPrice: 3950000
  • InternetRemarks: See Remarks
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Microwave, Refrigerator, Self Cleaning Oven, Wall Oven
  • Interior Amenities: Split Bedroom
  • Full Bathrooms: 4
  • Total Bedrooms: 3
  • Door Features: High Impact Doors
  • Flooring: Other
  • Furnished: Unfurnished
  • Living Area: 2820
  • Possible Use: Secondary
  • Stories: 17
  • Bedroom Features: Entry Level, Other

Exterior Features

  • View: Ocean View, Direct Ocean
  • Exterior Features: Other, Barbeque, Open Balcony
  • Construction Type: Concrete Block Construction
  • Patio And Porch Features: Open Balcony
  • Pool Private: Yes
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: Il VILLAGGIO
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 2 Or More Spaces

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Laundry Features: Washer/Dryer Hook-Up
  • Security: Smoke Detector, Doorman, Elevator Secure, Secured Garage/Parking

Condo/Co-op/Association

  • Association Fee: 3308
  • Amenities: Billiard Room, Community Room, Elevator(s), Exercise Room, Kitchen Facilities, Private Beach Pavilion, Private Pool, Sauna, Trash Chute
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Lot Info

  • Parcel Number: 02-32-34-115-0850

Rental Info

  • Pets Allowed: Maximum 20 Lbs

Tax Info

  • Tax Year: 2011
  • Tax Annual Amount: 38318

Multi Family

  • Number Of Units In Community: 117
  • Number Of Units Total: 117

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2012
Closed on
Aug 17, 2012
Sold by
Emfer Inc
Bought by
Fusco Carl and Fusco Diane
Seller's Agent
George Carmenate
Immobiliare Miami Company
Buyer's Agent
Eloy Carmenate
The Corcoran Group
List Price
$3,950,000
Sold Price
$3,950,000
Current Estimated Value
$4,695,586

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$745,586
Avg. Annual Appreciation
1.04%
Original Mortgage
$2,880,000
Outstanding Balance
$1,983,837
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$2,562,369

Purchase Details

Closed on
Nov 27, 2002
Sold by
Jean Inc
Bought by
Emilio Inc

Purchase Details

Closed on
Nov 19, 2001
Sold by
Otenev Corp C
Bought by
Jean Inc

Purchase Details

Closed on
Feb 11, 1999
Sold by
Worldinvest Joint Venture
Bought by
Otenev Corp
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
Fusco Carl $3,600,000 Attorney
Emilio Inc $1,525,000 --
Jean Inc $1,800,000 --
Otenev Corp $846,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Otenev Corp --
Open Fusco Carl $2,880,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/07/2012 09/07/12 Sold $3,950,000 0.0% $1,401 / Sq Ft
04/26/2012 04/26/12 Pending -- -- --
02/16/2012 02/16/12 For Sale $3,950,000 -- $1,401 / Sq Ft
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 $58,808 $3,262,717 -- --
2024 $57,394 $3,170,765 -- --
2023 $57,394 $3,078,413 $0 $0
2022 $55,382 $2,988,751 $0 $0
2021 $55,236 $2,901,700 $0 $0
2020 $55,613 $2,913,402 $0 $0
2019 $54,398 $2,847,901 $0 $0
2018 $51,782 $2,794,800 $0 $0
2017 $51,349 $2,737,317 $0 $0
2016 $51,289 $2,681,016 $0 $0
2015 $51,948 $2,662,380 $0 $0
2014 $52,847 $2,641,250 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: MIAMI REALTORS® MLS

MLS Number: A1606615

MIAMI REALTORS® MLS

APN: 02-3234-115-0850

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