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$599,000

Beds
2
Baths
2.0
sq ft
960

5225 Collins Ave Unit 1216, Miami Beach, FL 33140

5225 Collins Ave Unit 1216

Miami Beach, FL 33140

  • 492 days on market
    • Price drop $30,000↓
This north-facing 2/2 remodeled unit at the Alexander Hotel offers ocean and bay views. This furnished and spacious unit features a split plan layout, with an updated kitchen and bathrooms. Owners have the option to enroll in the Hotel Rental Program to generate income while not using. The Alexander Hotel provides a range of amenities to enhance your stay including valet parking, concierge service, maid service, gym, spa, restaurant, hair salon, cafe/bakery/wine shop, 2 pools, poolside tiki bar & beach service. The maintenance fee covers electricity, central AC, Wi-Fi, hot water & cable ensuring a comfortable and hassle-free stay. To get a better sense of the property, you can click on the virtual tour link to watch a video.

Details

Property type

Condominium

Est. home value

$745,509

Lot size

Unknown

Price per sq ft

$624

Year built

1962

Annual property taxes

$6,431

Monthly HOA fee

$1,808

Price History

09/16/2024
SEF

SEF #A11398678

Price change
$599,000
-4.77%
06/07/2024
SEF

SEF #A11398678

Price change
$629,000
-10.01%
12/04/2023
SEF

SEF #A11398678

Price change
$699,000
-9.22%

Schools & Community

Neighborhood: 

Oceanfront

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

Bac Florida Bank

Loan start date

June 2017

Original loan amount

$276,250

Est. remaining balance

Not provided

Interest rate

5.25%

Loan type

Adjustable Rate Mortgage, 30 year

Seller

Mohamed Farid Habib and Fazia Mohameda Joeb Habib

Lender

Bac Florida Bank

Loan start date

June 2017

Original loan amount

$276,250

Est. remaining balance

Not provided

Interest rate

5.25%

Loan type

Adjustable Rate Mortgage, 30 year

Seller

Mohamed Farid Habib and Fazia Mohameda Joeb Habib

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: 10/05/2024 at 10:45 PM

Listing updated: 09/30/2024 at 4:48 PM

Listed by: Michele Redlich, Coldwell Banker Realty Phone #: (305) 672-6300

MLS: SEF #A11398678

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