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$1,645,000

Beds
6
Baths
4.0
sq ft
2,728

955 79th Ter, Miami Beach, FL 33141

955 79th Ter

MIAMI BEACH, FL 33141

  • 263 days on market
    • Price drop $5,000↓
Excellent LOCATION. Good opportunity for investors or for a family that wants to have their own home and additionally generate income that allows them to pay their mortgage. This 2-unit DUPLEX has a total of 2,728 sqft, 6 bedrooms and 4 bathrooms; each unit is 3/2 with tile floors throughout the house, it has a large terrace to enjoy the Miami Beach afternoons. This multi-family residential is located close to all the attractions that Miami Beach offers: restaurants, businesses, pharmacies, supermarkets, hospitals, schools, recreation and entertainment areas such as: beaches, the famous Normandy Shores Island, I. Creek Island, Newport Fishing Pier, Haulover Beach, Miami Beach Botanical, Garden, North Shore, Park Beach, The Bass, it has bike paths, views of the multi-million dollar oceanfront house; in short, in an excellent location with everything close by to carry out any project you have in mind. In addition, this property does not have any type of restriction or HOA, an excellent and unique opportunity for rentals of all kinds. It has 3 parking spaces inside the property and 4 more in front of the house. Security cameras around the perimeter of the property. HVAC 2023, Water Heater 2011 and Roof 2012. Come see this excellent investment property and generate additional income.

Details

Property type

Lot size

5,650 sq ft

Price per sq ft

$604

Year built

1997

Annual property taxes

$3,694.92

HOA

No

Price History

10/23/2024
StellarMLS

StellarMLS #OM672927

Price change
$1,645,000
-0.3%
09/17/2024
StellarMLS

StellarMLS #OM672927

Price change
$1,650,000
+13.79%
06/29/2024
StellarMLS

StellarMLS #OM672927

Price change
$1,450,000
-12.12%

Schools & Community

Neighborhood: 

Biscayne Point

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$1,424,066
Asking price
$1,645,000
Closing costs (~8% of asking)
-$131,600
Est. remaining loan balance
-$89,334
Cash to seller
$1,424,066

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

Seller’s Loan History

Lender

American Bancshares Mortgage Llc

Loan start date

March 2013

Original loan amount

$122,100

Est. remaining balance

$89,334

Interest rate

3.53%

Loan type

FHA, 30 year

Seller

Benny Argota and Junior Encarnacion

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: 11/05/2024 at 10:20 AM

Listing updated: 10/23/2024 at 3:30 PM

Listed by: Rosario Cornman, LPT REALTY Phone #: (877) 366-2213

MLS: StellarMLS #OM672927

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