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$790,000

Beds
3
Baths
2.0
sq ft
1,152

501 NE 31st St Unit 3406, Miami, FL 33137

501 NE 31st St Unit 3406

Miami, FL 33137

  • 135 days on market
    • Price drop $29,000↓
Modern corner unit on the 34th floor of Paraiso Bayviews with stunning water and skyline views. This spacious 3-bed, 2-bath condo features an open kitchen and living area leading to a wrap-around terrace, ideal for entertaining. Enjoy a vibrant city lifestyle close to Wynwood, Midtown, Downtown/Brickell, the Design District, and Miami Beach. Amenities include a rooftop pool, gym, and stylish common areas in a prime, central location. 24h notice required for showings.

Details

Property type

Condominium

Est. home value

$786,984

Lot size

Unknown

Price per sq ft

$686

Year built

2018

Annual property taxes

$11,815

Monthly HOA fee

$1,491

Price History

01/17/2025
SEF

SEF #A11654507

Price change
$790,000
-3.54%
12/23/2024
SEF

SEF #A11654507

Price change
$819,000
-3.08%
09/06/2024
SEF

SEF #A11654507

Listed
$845,000
-5.59%

Schools & Community

Neighborhood: 

Wynwood - Edgewater

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

Newtek Small Business Finance Llc

Loan start date

March 2021

Original loan amount

$3,100,000

Est. remaining balance

Not provided

Interest rate

2.19%

Loan type

SBA Participation Trust Deed, 10 year

Seller

Finsbury Properties Llc

Lender

Newtek Small Business Finance Llc

Loan start date

March 2021

Original loan amount

$3,100,000

Est. remaining balance

Not provided

Interest rate

2.19%

Loan type

SBA Participation Trust Deed, 10 year

Seller

Finsbury Properties Llc

Lender

Bac Florida Bank

Loan start date

October 2018

Original loan amount

$377,500

Est. remaining balance

Not provided

Interest rate

5.12%

Loan type

Adjustable Rate Mortgage, 30 year

Seller

Finsbury Properties Llc

Lender

Bac Florida Bank

Loan start date

October 2018

Original loan amount

$377,500

Est. remaining balance

Not provided

Interest rate

5.12%

Loan type

Adjustable Rate Mortgage, 30 year

Seller

Finsbury Properties 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?

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Status: Active

Tomo last checked: 01/19/2025 at 1:10 AM

Listing updated: 01/17/2025 at 10:35 AM

Listed by: Charles Josset, Compass Florida, LLC. Phone #: (305) 851-2820

MLS: SEF #A11654507

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