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$975,000

Beds
2
Baths
2.5
sq ft
2,115

5660 Collins Ave Unit 11A, Miami Beach, FL 33140

5660 Collins Ave Unit 11A

Miami Beach, FL 33140

  • 223 days on market
    • Price drop $24,000↓
Elegant building on Miami Beach's Iconic Millionaires' Row. Timeless Design that marks an era. Stunning and elegant corner unit features 2115 sq. ft. 2- bedrooms and 2.5 bathrooms, Gourmet Kitchen, laundry room , Dining and Living area panoramic views of intra-coastal and city skyline. Expansive wrap-around balcony. Amenities include swimming pool, Library, Billiard Room, Fitness Room, Sauna, Boat Slip. Easy access to the Beach and Boardwalk. 24-hour security/valet service/doorman/underground parking/electric vehicle charging station available.* chandelier in Kitchen NOT included. *

Details

Property type

Condominium

Est. home value

$1,019,424

Lot size

Unknown

Price per sq ft

$461

Year built

1970

Annual property taxes

$6,225

Monthly HOA fee

$2,583

Price History

05/28/2024
SEF

SEF #A11479578

Price change
$975,000
-2.4%
02/09/2024
SEF

SEF #A11479578

Price change
$999,000
-9.18%
11/28/2023
SEF

SEF #A11479578

Listed
$1,100,000

Schools & Community

Neighborhood: 

Oceanfront

Elementary school: 

North Beach

Middle school: 

Nautilus

High school: 

Miami Beach

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$744,230
Asking price
$975,000
Closing costs (~8% of asking)
-$78,000
Est. remaining loan balance
-$152,770
Cash to seller
$744,230

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Jpmorgan Chase Bank Na

Loan start date

September 2009

Original loan amount

$220,000

Est. remaining balance

$152,770

Interest rate

5.25%

Loan type

New Conventional, 30 year

Seller

Jorge Romanach and George Romanach

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: 07/07/2024 at 8:40 PM

Listing updated: 05/28/2024 at 6:04 PM

Listed by: Maria Porto, Coldwell Banker Realty Phone #: (305) 672-6300

MLS: SEF #A11479578

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