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$1,995,000

Beds
5
Baths
5.0
sq ft
2,562

3153 Royal Palm Ave, Miami Beach, FL 33140

3153 Royal Palm Ave

Miami Beach, FL 33140

  • 1 day on market
Welcome to your future oasis in the heart of Miami Beach! This stunning Spanish/Mediterranean-style home boasts timeless architecture and a captivating aesthetic, just waiting for your personal touch. With its classic tile roof, arched doorways, & vibrant stucco façade, this property has unbelievable potential. The house features an inviting layout with generous living spaces, high ceilings, & plenty of natural light. The backyard currently has an ADU (Accessory Dwelling Unit) that can be used as an office/guest house/etc. While the property currently needs a little TLC, it holds remarkable potential for both end-users with some personal upgrades or developers going ground-up. Due to the high amount of offers pre-listing, all offers due by 10/23/24. Do not miss this opportunity!

Details

Property type

Single Family Residence

Est. home value

$1,765,941

Lot size

7,500 sq ft

Price per sq ft

$779

Year built

1934

Annual property taxes

$17,415

Price History

10/09/2024
SEF

SEF #A11674013

Listed
$1,995,000
+24.69%
05/24/2023
SEF

SEF #A11360815

Sold
$1,600,000

Schools & Community

Neighborhood: 

Bayshore

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

Mortgage Funding 02 Llc

Loan start date

May 2023

Original loan amount

$1,680,000

Est. remaining balance

Not provided

Interest rate

6.32%

Loan type

Commercial, 2 year

Seller

Lomar Acquisitions I Llc

Lender

Mortgage Funding 02 Llc

Loan start date

May 2023

Original loan amount

$1,680,000

Est. remaining balance

Not provided

Interest rate

6.32%

Loan type

Commercial, 2 year

Seller

Lomar Acquisitions I Llc

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: 10/10/2024 at 4:15 AM

Listing updated: 10/10/2024 at 3:30 AM

Listed by: Alex Lorenzo, BrokerNation Real Estate Phone #: (305) 602-4410

MLS: SEF #A11674013

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