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$199,000

Beds
Unknown
Baths
1.0
sq ft
470

1250 Drexel Ave Unit 8, Miami Beach, FL 33139

1250 Drexel Ave Unit 8

Miami Beach, FL 33139

  • 73 days on market
    • Price drop $46,000↓
Desirable Art Deco building studio in the heart of South Beach and just three blocks to the beach! Building is gated with intercom. This charming studio is located on the second floor and it has been updated with new kitchen cabinets, newer wall A/C, new refrigerator, & freshly painted; oversized studio; almost feels like a 1 bedroom. Walking distance to shops, restaurants and 3 blocks away from the beach. Video available upon request. Unit has a new finalized city permit for a ventless washer and dryer, electrical panel and standup shower. Unit is tenant occupied at $1,650/M; lease expires 6/30/2025. Must submit offer to view the property.

Details

Property type

Condominium

Est. home value

$213,283

Lot size

Unknown

Price per sq ft

$424

Year built

1939

Annual property taxes

$2,835

Monthly HOA fee

$646

Price History

09/09/2024
SEF

SEF #A11621452

Price change
$199,000
-18.78%
08/12/2024
SEF

SEF #A11621452

Price change
$245,000
+28.95%
07/24/2024
SEF

SEF #A11621452

Removed
$190,000

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

Rocket Mortgage Llc

Loan start date

September 2022

Original loan amount

$105,232

Est. remaining balance

$102,211

Interest rate

5.3%

Loan type

New Conventional, 30 year

Seller

Fabrizio Rosa

Lender

Aim Cu

Loan start date

September 2022

Original loan amount

$50,000

Est. remaining balance

Not provided

Interest rate

4.29%

Loan type

Credit Line (Revolving)

Seller

Fabrizio Rosa

Lender

Rocket Mortgage Llc

Loan start date

September 2022

Original loan amount

$105,232

Est. remaining balance

$102,211

Interest rate

5.3%

Loan type

New Conventional, 30 year

Seller

Fabrizio Rosa

Lender

Aim Cu

Loan start date

September 2022

Original loan amount

$50,000

Est. remaining balance

Not provided

Interest rate

4.29%

Loan type

Credit Line (Revolving)

Seller

Fabrizio Rosa

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?

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Status: Active

Tomo last checked: 09/21/2024 at 4:30 AM

Listing updated: 09/09/2024 at 11:07 AM

Listed by: Cristina Broche, Real Estate Sales Force Phone #: (305) 392-1497

MLS: SEF #A11621452

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