tomo logo

$335,000

Beds
2
Baths
2.0
sq ft
760

1027 Pennsylvania Ave Unit 306, Miami Beach, FL 33139

1027 Pennsylvania Ave Unit 306

Miami Beach, FL 33139

  • 89 days on market
Discover the epitome of South Beach living with this remarkable offering! Situated in one of the most coveted locations in Miami's vibrant South Beach, this meticulously priced 2-bedroom 2-bath residence is a rare find. Set within a cool 1925 Art Deco building, it exudes charm and character. Open kitchen plan. Currently housing two tenants who are renting below market value on a month-to-month basis, this property presents an exceptional investment opportunity. Moreover, with rentals permitted in the first year of ownership, the potential for income is immediate. Beyond its investment potential, its prime location ensures a lifestyle second to none. Whether you're seeking a lucrative investment or a stylish urban retreat, this listing ticks all the boxes. seller motivated!

Details

Property type

Condominium

Est. home value

$416,569

Lot size

Unknown

Price per sq ft

$441

Year built

1925

Annual property taxes

$4,767

Monthly HOA fee

$554

Price History

06/14/2024
SEF

SEF #A11564616

Listed
$335,000
04/21/2024
SEF

SEF #A11564616

Pending
$335,000
04/09/2024
SEF

SEF #A11564616

Listed
$335,000
-4.29%

Schools & Community

Neighborhood: 

Flamingo Lummus

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Cfg Community Bank

Loan start date

December 2009

Original loan amount

$25,943

Est. remaining balance

Not provided

Interest rate

4.38%

Loan type

Not Provided, 10 year

Seller

Matthew J Kinkelaar

Lender

Cfg Community Bank

Loan start date

December 2009

Original loan amount

$25,943

Est. remaining balance

Not provided

Interest rate

4.38%

Loan type

Not Provided, 10 year

Seller

Matthew J Kinkelaar

Lender

Countrywide Home Loans Inc

Loan start date

March 2006

Original loan amount

$222,500

Est. remaining balance

$135,192

Interest rate

6.15%

Loan type

New Conventional, 30 year

Seller

Matthew Kinkelaar

Lender

Countrywide Home Loans Inc

Loan start date

March 2006

Original loan amount

$222,500

Est. remaining balance

$135,192

Interest rate

6.15%

Loan type

New Conventional, 30 year

Seller

Matthew Kinkelaar

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 07/07/2024 at 7:00 PM

Listing updated: 06/14/2024 at 7:23 PM

Listed by: Ari Schickman, Coldwell Banker Realty Phone #: (305) 672-6300

MLS: SEF #A11564616

SEF logo