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$244,900

Beds
2
Baths
2.0
sq ft
882

5050 NW 7th St St Unit 707, Miami, FL 33126

5050 NW 7th St St Unit 707

Miami, FL 33126

  • 87 days on market
CENTRALLY LOCATED TO ALL MAJOR HIGHWAYS, MIAMI INTERNATIONAL AIRPORT, DOWNTOWN MIAMI AND THE BEACHES. THIS 2/2 UNIT FEATURES TILE FLOORS, TWO ASSIGNED PARKING SPACES WHICH IS IDEAL FOR INVESTORS LOOKING FOR HIGH DEMAND RENTAL AREA WITH HIGH PROFITABILITY. THE BUILDING IN PROGRESS OF THE 50 YEAR RECERTIFICATION, IS UPGRADING THE HALLWAY FLOORS, EXTERIOR AND INTERIOR PAINTING. ALLOWED TO RENT, NO RESERVES. Seller has designated Best Solution Title Services Inc as Settlement Agent on the transaction; 8301 Coral Way Miami Florida 33155 Seller willing to pay for owners title insurance policy at asking price Buyer must be willing to execute Hold Harmless agreement regarding items attached to this email

Details

Property type

Condominium

Est. home value

$231,099

Lot size

Unknown

Price per sq ft

$278

Year built

1973

Annual property taxes

$639

Monthly HOA fee

$426

Price History

08/23/2024
SEF

SEF #A11624699

Listed
$244,900
08/06/2024
SEF

SEF #A11624699

Pending
$244,900
07/16/2024
SEF

SEF #A11624699

Listed
$244,900

Schools & Community

Neighborhood: 

Flagami

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

First Florida Funding Corp

Loan start date

March 2005

Original loan amount

$112,200

Est. remaining balance

$61,484

Interest rate

5.66%

Loan type

Not Provided, 30 year

Seller

Jorge S Paez

Lender

First Florida Funding Corp

Loan start date

March 2005

Original loan amount

$112,200

Est. remaining balance

$61,484

Interest rate

5.66%

Loan type

Not Provided, 30 year

Seller

Jorge S Paez

Lender

Wells Fargo Bank Na

Loan start date

June 2002

Original loan amount

$0

Est. remaining balance

Not provided

Interest rate

6.79%

Loan type

Credit Line (Revolving)

Seller

Jorge Paez

Lender

Wells Fargo Bank Na

Loan start date

June 2002

Original loan amount

$0

Est. remaining balance

Not provided

Interest rate

6.79%

Loan type

Credit Line (Revolving)

Seller

Jorge Paez

Lender

Trans-Mutual Mortgage Bankers

Loan start date

July 1998

Original loan amount

$59,600

Est. remaining balance

Not provided

Interest rate

7.19%

Loan type

FHA

Seller

Jorge Paez

Lender

Trans-Mutual Mortgage Bankers

Loan start date

July 1998

Original loan amount

$59,600

Est. remaining balance

Not provided

Interest rate

7.19%

Loan type

FHA

Seller

Jorge Paez

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: 10/11/2024 at 2:25 PM

Listing updated: 09/30/2024 at 4:59 PM

Listed by: Lydia Balda PA, Casabella Miami Realty Phone #: (786) 542-1655

MLS: SEF #A11624699

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