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$600,000

Beds
2
Baths
2.0
sq ft
960

5225 Collins Ave Unit 1407, Miami Beach, FL 33140

5225 Collins Ave Unit 1407

Miami Beach, FL 33140

  • 171 days on market
Beautiful unit at the 14th floor with ocean and intracoastal view. Great unit for investors as owners have the option to enroll in the Hotel Rental Program to generate income while not using. 2 bedrooms 2 bathroom and 1 covered parking garage condo in Collins Avenue. This building offers the accommodation of hotel services such as a cleaning service, valet parking, concierge, playground area, and business center, maid service, gym, spa, restaurant, hair salon, cafe/bakery/wine shop, 2 pools, poolside tiki bar & beach service. Daily rental available. See attachement of rental policies provided by the association.

Details

Property type

Condominium

Est. home value

$533,103

Lot size

Unknown

Price per sq ft

$625

Year built

1962

Annual property taxes

$6,494

Monthly HOA fee

$1,807

Price History

05/28/2024
SEF

SEF #A11591096

Listed
$600,000

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

Spectrum Mortgage Group Inc

Loan start date

March 1996

Original loan amount

$125,000

Est. remaining balance

Not provided

Interest rate

7.02%

Loan type

New Conventional

Seller

Heinzwilli Althoff-Hartman

Lender

Spectrum Mortgage Group Inc

Loan start date

March 1996

Original loan amount

$125,000

Est. remaining balance

Not provided

Interest rate

7.02%

Loan type

New Conventional

Seller

Heinzwilli Althoff-Hartman

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: 11/15/2024 at 6:20 PM

Listing updated: 09/30/2024 at 5:51 PM

Listed by: Maria Porro Toyos, Urdapilleta Real Estate, LLC Phone #: (786) 381-3758

MLS: SEF #A11591096

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