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$5,200,000

Beds
5
Baths
4.0
sq ft
4,303

1960 NE 118th Rd, North Miami, FL 33181

1960 NE 118th Rd

North Miami, FL 33181

  • 10 days on market
Located in the gated, police-protected community of Sans Souci Estates, this 2-story concrete home offers breathtaking open bay views and an extra-wide deep-water canal with ocean access just minutes away. Perfect for larger boats, it features a 20,000-lb boat lift and a sprawling outdoor entertaining area with a pool, lush landscaping, and up-lighting. Inside, enjoy 5BR/4BA, soaring ceilings, marble floors, and natural light throughout. The oversized master suite boasts one of the largest layouts in the area, a spa-like bath, and a huge private terrace overlooking the bay. The air-conditioned 2-car garage doubles as flexible space. This premium property shines day and night, offering luxury waterfront living at its finest.

Details

Property type

Single Family Residence

Est. home value

$3,381,756

Lot size

9,375 sq ft

Price per sq ft

$1,209

Year built

1970

Annual property taxes

$14,825

Price History

12/07/2024
SEF

SEF #A11705978

Listed
$5,200,000

Schools & Community

Neighborhood: 

Sans Souci

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

Finance Of America Reverse Llc

Loan start date

May 2022

Original loan amount

$3,234,600

Est. remaining balance

Not provided

Interest rate

3.56%

Loan type

Reverse Mortgage (Home Equity Conversion Mortgage), 71 year

Seller

Isaak Akouka and Isaak Akouka Trust

Lender

Finance Of America Reverse Llc

Loan start date

May 2022

Original loan amount

$3,234,600

Est. remaining balance

Not provided

Interest rate

3.56%

Loan type

Reverse Mortgage (Home Equity Conversion Mortgage), 71 year

Seller

Isaak Akouka and Isaak Akouka Trust

Lender

1St Union Natl Bk

Loan start date

September 2000

Original loan amount

$200,000

Est. remaining balance

Not provided

Interest rate

8.21%

Loan type

Credit Line (Revolving)

Seller

Isaak Akouka

Lender

1St Union Natl Bk

Loan start date

September 2000

Original loan amount

$200,000

Est. remaining balance

Not provided

Interest rate

8.21%

Loan type

Credit Line (Revolving)

Seller

Isaak Akouka

Lender

Atlantic States Financial Inc

Loan start date

March 1997

Original loan amount

$296,000

Est. remaining balance

Not provided

Interest rate

7.74%

Loan type

New Conventional

Seller

Isaak Akouka

Lender

Atlantic States Financial Inc

Loan start date

March 1997

Original loan amount

$296,000

Est. remaining balance

Not provided

Interest rate

7.74%

Loan type

New Conventional

Seller

Isaak Akouka

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: 12/22/2024 at 12:00 AM

Listing updated: 12/15/2024 at 12:45 AM

Listed by: Richard Feldman, Miami Waterfront Realty Phone #: (305) 970-2884

MLS: SEF #A11705978

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