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$140,000

Beds
Unknown
Baths
1.0
sq ft
526

1358 Pennsylvania Ave Unit 307, Miami Beach, FL 33139

1358 Pennsylvania Ave Unit 307

Miami Beach, FL 33139

  • 306 days on market
    • Price drop $10,000↓
Short sale. Buyer must accept with open permit for flooring in place and some minor city violations. All inspections in advance. Studio penthouse, corner unit with eastern exposure. Walk to the beach, Lincoln Road or park. This Art Deco building is in the very heart of South Beach. Property has not been renovated but was begun. Marble flooring was purchased but not installed. The property has apprx 17k in condo and city liens which may be paid by lender. ARV rent estimate apprx. $2500. Short sale processing fee of $4,995 paid by buyer at closing.

Details

Property type

Condominium

Est. home value

$235,981

Lot size

Unknown

Price per sq ft

$267

Year built

1925

Annual property taxes

$3,023

Monthly HOA fee

$500

Price History

11/18/2024
SEF

SEF #A11517601

Price change
$140,000
-6.67%
11/12/2024
SEF

SEF #A11517601

Price change
$150,000
-6.25%
11/06/2024
SEF

SEF #A11517601

Price change
$160,000
-5.88%

Schools & Community

Neighborhood: 

Flamingo Lummus

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Number of units in community: 

23

Negotiation Insights

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

Seller could get up to

-$29,314
Asking price
$140,000
Closing costs (~8% of asking)
-$11,200
Est. remaining loan balance
-$158,114
Cash to seller
-$29,314

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Bank Of America Na

Loan start date

June 2008

Original loan amount

$235,462

Est. remaining balance

$158,114

Interest rate

6.05%

Loan type

Not Provided, 30 year

Seller

Michael Paul Guzman

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: 11/19/2024 at 9:25 PM

Listing updated: 11/18/2024 at 11:15 AM

Listed by: Michael Marks, Keller Williams Eagle Realty Phone #: (305) 757-1700

MLS: SEF #A11517601

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