Home » Miami Beach » Ohio Apartment Building at 1550 Drexel Ave Miami Beach » 1550 Drexel Avenue 207, Miami Beach, Florida 33139 | A11267587

1550 Drexel Avenue 207, Miami Beach, Florida 33139 | Sold

$247,000
closed for a price of $230,000

Property Highlights

Listing ID A11267587 Status of this Listing: Closed Sold Property Type Residential Condominium 1 Bedrooms 1 Bathrooms Total 1 Full Bath Living Space 550 Sqft/51.10 m2 approx. Building Area 550 Sqft/51.10 m2 approx. Year Built 1925 Lease Term Minimum Duration: 181 What it means?Refers to a regulation set by the property association, stipulating that each rental agreement for the property must be for a duration of at least 181 days. This rule ensures that every time the property is rented out, the lease term cannot be shorter than the specified minimum period. Time of this property from published date until Closing Date 272 Days
18 Photos of this Property

1550 Drexel Avenue 207, Miami Beach, Florida 33139

Property Description: Classic Art Deco building, corner unit, top floor is perfect to live in the heart of South Beach. One block from Lincoln Road, shopping areas, restaurants & nightlife, and just steps away to Ocean Drive & the beaches. This is also a great investment opportunity. Current market rental rates in this area are between $2,000 and $2,200 monthly. Unit needs updates and it is priced accordingly.

Residential Condominium Sold located at 1550 Drexel Avenue 207 Miami Beach Florida 33139 in Miami-Dade County referenced as ID MLS # A11267587. Find below more comprehensive details about this property. Get in touch with Rebonus, Realtors to arrange a personal viewing or a live video tour, or to submit an offer. If you are a property owner interested in selling a similar property, contact us and receive a free comparative market analysis. We also provide online video calls and meetings.

Useful Info

Contingency:No Contingencies
Original List Price:$247,000
Close Price:$230,000

Land Lot (Parcel) Details

Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Resale
Entry Level (floor):2
Entry Level Location:2
Construction Materials:
  • Block
Flooring:
  • Carpet
  • Tile
Number of stories:2
Possible Use:
  • Investment

Property Features

View from the Property:
  • Garden
  • Other
Waterfront:No
Appliances:
  • Dishwasher
  • Microwave
  • Refrigerator
  • Electric Range
Interior Features:
  • Other
Laundry Features:
  • Common Area
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
Heating:Yes
Heating System:
  • Central

Taxes and Expenses

Tax Annual Amount:$2,768

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2021
Association Fee:$610
Association Fee Frequency:
  • Monthly

Terms

Listing Terms Considered by Seller:
  • Cash
  • Conventional
Occupant Type:
  • Tenant
Buyer Possession:
  • Closing & Funding
Buyer Financing:
  • Cash
Lease Considered:No

Community

Pets Allowed?:
  • Yes
  • Conditional
Amenities Provided by the Homeowner's Association (HOA):
  • Laundry
Subdivision Name:OHIO APARTMENT BLDG CONDO
Association Fee Includes:
  • Sewer
  • Water
  • Trash
  • Maintenance Structure
  • Common Areas
  • Association Management
  • Insurance
  • Hot Water
  • Laundry
Complex Name:OHIO APARTMENT BLDG CONDO
Senior Community:No
Restrictions: OK To Lease

Parking

Garage Spaces:0
Covered Spaces:0
Parking Features:
  • On Street

More Details

Other Information:
Unit View: Garden View,Other View
Housing Older Persons Act: No HOPA
Unit Design: Corner Unit
Type of Association: Condo
Minimum Number of Days for Lease: 181
Type of Governing Bodies: Condominium
Tax Information: Tax Reflects City & County Tax
Buyer Country of Residence: Italy
Number of times allowed to lease per year: 2
Flood Zone : AE
Homeowner's Association Application Fee: 100
Style: Condo 1-4 Stories
FEMA Flood Zone Designations: AE
Municipal Code: 2
Subdivision Number: 111

Zoning and Legal

Tax Legal Description:OHIO APARTMENT BLDG CONDO UNIT 207 UNDIV 7.22% INT IN COMMON ELEMENTS OFF REC 17916-2715 OR 18603-4463 0499 1
Real Estate Folio Number (Parcel Number):02-32-34-111-0140
Public Survey Township:2
Public Survey Range:32
Public Survey Section:34

Listing History

Update/EventDate/Days
Published Date:September 13, 2022 12:00 am
On Market Date:September 13, 2022
Close Date:June 12, 2023
Price Change Date Time:September 2, 2022 6:04 pm
Last Important Update Description:Closed
Date and Time of Last Important Update:June 12, 2023 2:28 pm
Status Last Changed:June 12, 2023 2:28 pm
Photos Last Modified:September 13, 2022 4:55 pm
Last Modified:June 26, 2023 8:45 pm
Days on the Market (updated on Last Modified*):213
Cumulative Days on the Market (updated on Last Modified**):213

Additional Information

Unit Location:Corner Unit
Number of Photos Count:18
Area:32
Ref ID:1022643217
Automated Valuation Display:Yes
Courtesy of:The Keyes Company
Attribution:305-439-2033
Universal Property Id:US-12086-N-0232341110140-R-N

Location

Show Property Address:Yes
Street Name:Drexel Avenue
Street Number:1550
Street Address:1550 Drexel Avenue 207
Unit Number:207
City : Miami Beach
State : Florida
Zip Code : 33139
County : Miami-Dade County
Full Address:1550 Drexel Avenue 207, Miami Beach, Florida 33139
Latitude:N25° 47' 18.7''
Longitude:W81° 51' 59.7''

Neighborhood

Postal City:Miami Beach

Property Map

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