Home » Miami » Terrazas Riverpark Village at 1861 South River Dr Miami » 1861 NW S River Dr 2505, Miami, FL 33125 | A11475988

Sold 1861 NW S River Dr 2505, Miami, FL 33125

$449,000
closed for a price of $425,000

Property Highlights

Listing ID A11475988 Status of this Listing: Closed Sold Property Type Residential Condominium 2 Bedrooms 2 Bathrooms Total 2 Full Bath Living Space 1,022 Sqft/94.95 m2 approx. Building Area 1,022 Sqft/94.95 m2 approx. COMMUNITY POOL Year Built 2010 Waterfront Lease Term Minimum Duration: 180 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 180 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 110 Days

1861 NW S River Dr 2505, Miami, FL 33125

Property Description: Picture relaxing on this balcony and enjoying the views! This spacious two-bedroom corner unit is on the rarely available 05 line. This line features floor to ceiling windows along with the large balcony, allowing for the maximum enjoyment of the 25th floor views. The unit features stainless steel appliances, a split floor plan, walk in closets in both bedrooms, and a living area with tons of natural light. The unit comes with two assigned parking spaces and two storage spaces. The building is centrally located, with easy access to the airport, downtown, Brickell, and Miami Beach. Amenities include 24-hour concierge service, a Fitness Center, Sauna and Jacuzzi, Yoga room, Party room with bar & kitchen, Resort-style pool, BQ/Picnic area. OPEN HOUSE - Postponed due to weather

Useful Info

Contingency:No Contingencies
Previous Asking Price:$475,000
Original List Price:$475,000
Close Price:$425,000

Land Lot (Parcel) Details

Lot Size Unit:Square Feet

Construction

Year Built Details:
  • New Construction
Architectural
Style:
  • High Rise
Entry Level (floor):25
Entry Level Location:25
Construction Materials:
  • Block
Flooring:
  • Tile
Number of stories:27
Possible Use:
  • Investment

Property Features

Has View:Yes
View from the Property:
  • Water
  • City
  • Bay
  • River
Waterfront:Yes
Waterfront Features:
  • River Front
Swimming Pool Features:
  • Association
Security:
  • Smoke Detector(s)
  • Door Man
  • Security Guard
  • Lobby Secured
Appliances:
  • Dryer
  • Dishwasher
  • Disposal
  • Microwave
  • Refrigerator
  • Washer
  • Electric Range
  • Self Cleaning Oven
Interior Features:
  • Split Bedrooms
  • Walk-in Closet(s)
  • Kitchen Island
  • Other
Exterior Features:
  • Balcony
Patio and Porch Features:
  • Balcony
  • Open
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
Heating:Yes
Heating System:
  • Central

Taxes and Expenses

Tax Annual Amount:$5,809

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:2022
Association Fee:$920
Association Fee Frequency:
  • Monthly
Property Tax Status:Tax Reflects No Exemptions

Terms

Listing Terms Considered by Seller:
  • Cash
  • Conventional
  • Va Loan
Occupant Type:
  • Tenant
Buyer Possession:
  • Subject To Tenant Rights
Buyer Financing:
  • Cash
Lease Considered:No

Community

Pets Allowed?:
  • Yes
  • Conditional
Amenities Provided by the Homeowner's Association (HOA):
  • Pool
  • Sauna
  • Storage
  • Elevator(s)
  • Fitness Center
Subdivision Name:TERRAZAS RIVERPARK VILLAG
Association Fee Includes:
  • Sewer
  • Water
  • Security
  • Common Areas
  • Amenities
Complex Name:TERRAZAS
Senior Community:No
Restrictions: OK To Lease

Parking

Garage:Yes
Garage Spaces:2
Covered Spaces:2
Parking Features:
  • Two Or More Spaces
  • Assigned

More Details

Other Information:
Unit ViewBay,River,Skyline View,Water View
Housing Older Persons ActNo HOPA
Water AccessOther
Unit DesignCorner Unit,High Rise
Type of AssociationCondo
Minimum Number of Days for Lease180
Type of Governing BodiesCondominium
Tax InformationTax Reflects No Exemptions
Number of times allowed to lease per year2
Flood ZoneX
Homeowner's Association Application Fee150
Style Condo 5+ Stories
FEMA Flood Zone DesignationsX
Municipal Code1
Subdivision Number124
Buyer Country of ResidenceOther
Water Access Description:Other

Zoning and Legal

Tax Legal Description:TERRAZAS RIVERPARK VILLAGE CONDO UNIT RIVER 2505 UNDIV 0.3146926% INT IN COMMON ELEMENTS OFF REC 27230-3956
Real Estate Folio Number (Parcel Number):01-31-34-124-1100
Public Survey Township:1
Public Survey Range:31
Public Survey Section:34

Listing History

Update/EventDate/Days
Published Date:October 26, 2023 12:23 pm
On Market Date:October 26, 2023
Close Date:February 13, 2024
Price Change Date Time:November 14, 2023 2:26 pm
Last Important Update Description:Closed
Date and Time of Last Important Update:February 22, 2024 4:30 pm
Status Last Changed:February 22, 2024 4:30 pm
Photos Last Modified:November 15, 2023 7:24 pm
Last Modified:February 22, 2024 9:31 pm
Days on the Market Reference Date:February 22, 2024
Days on the Market (updated on Last Modified*):85
Cumulative Days on the Market (updated on Last Modified**):85

Additional Information

Unit Location:Corner Unit,High Rise
Number of Photos:37
Location:,,
Included:,,
Area:31
Courtesy of:Venture Realty LLC
Universal Property Id:US-12025-N-0131341241100-R-N

Location

Show Property Address:Yes
Street Name:S River Dr
Street Number:1861
Street Direction Prefix:NW
Street Address:1861 NW S River Dr 2505
Unit Number:2505
City : Miami
State : Florida
Zip Code : 33125
County : Miami-Dade County
Full Address:1861 NW S River Dr 2505, Miami, FL 33125
Latitude:N25° 47' 6.8''
Longitude:W81° 46' 26.7''

Neighborhood

Postal City:Miami

Property Map

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