Home » Miami » 5050 CONDO at 5050 7th St Miami » 5050 NW 7th St 406, Miami, FL 33126 | A11486663

Sold 5050 NW 7th St 406, Miami, FL 33126

$229,900
closed for a price of $225,000

Property Highlights

Listing ID A11486663 Status of this Listing: Closed Sold Property Type Residential Condominium 2 Bedrooms 2 Bathrooms Total 2 Full Bath Living Space 882 Sqft/81.94 m2 approx. Building Area 882 Sqft/81.94 m2 approx. COMMUNITY POOL Year Built 1973 Has view of the Ocean 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 157 Days

5050 NW 7th St 406, Miami, FL 33126

Property Description: CENTRALLY LOCATED TO ALL MAJOR HIGHWAYS, MIAMI INTERNATIONAL AIRPORT, DOWNTOWN MIAMI AND THE BEACHES. THIS 2/2 UNIT FEATURES TILE FLOORS, TWO ASSIGNED PARKING SPACES WHICH IS IDEAL FOR INVESTORS LOOKING FOR HIGH DEMAND RENTAL AREA WITH HIGH PROFITABILITY. THE BUILDING IN PROGRESS OF THE 50 YEAR RECERTIFICATION, IS UPGRADING THE HALLWAY FLOORS, EXTERIOR AND INTERIOR PAINTING. ALLOWED TO RENT, NO RESERVES.

Residential Condominium Sold located at 5050 NW 7th St 406 Miami FL 33126 in Miami-Dade County referenced as ID MLS # A11486663. 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:Pending Inspections
Previous Asking Price:$239,900
Original List Price:$250,000
Close Price:$225,000
More Listings Same Building:5050 CONDO at 5050 7th St Miami

Land Lot (Parcel) Details

Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Resale
Entry Level (floor):4
Entry Level Location:4
Construction Materials:
  • Block
Flooring:
  • Tile
Number of stories:8
Possible Use:
  • Investment

Property Features

Has View:Yes
View from the Property:
  • Ocean
Waterfront:No
Swimming Pool Features:
  • Association
Security:
  • Key Card Entry
  • Lobby Secured
  • Secured Garage/parking
Appliances:
  • Microwave
  • Refrigerator
  • Electric Range
  • Electric Water Heater
Interior Features:
  • Bedroom On Main Level
Exterior Features:
  • Fence
  • Patio
  • Courtyard
Patio and Porch Features:
  • Patio
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
Heating:Yes
Heating System:
  • Central

Taxes and Expenses

Tax Annual Amount:$639

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:$388
Association Fee Frequency:
  • Monthly
Property Tax Status:Tax Reflects City & County Tax

Terms

Disclosures:
  • Special Assessment
Listing Terms Considered by Seller:
  • Cash
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):
  • Pool
  • Clubhouse
  • Elevator(s)
Subdivision Name:5050 CONDO
Association Fee Includes:
  • Roof
  • Trash
  • Pool(s)
  • Common Areas
  • Parking
  • Laundry
Complex Name:5050 CONDO
Senior Community:No
Restrictions: OK To Lease

Parking

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

More Details

Other Information:
Unit ViewOcean View
Housing Older Persons ActNo HOPA
Unit DesignInterior Hall
Type of AssociationCondo
Minimum Number of Days for Lease180
Type of Governing BodiesCondominium
Tax InformationTax Reflects City & County Tax
Number of times allowed to lease per year2
Flood ZoneAH
Homeowner's Association Application Fee150
Style Condo 5+ Stories
FEMA Flood Zone DesignationsAH
Municipal Code1
Subdivision Number121
Buyer Country of ResidenceUnknown/Withheld

Zoning and Legal

Tax Legal Description:5050 CONDO UNIT 406 UNDIV .856% INT IN COMMON ELEMENTS OFF REC 10337-293 OR 12538-421 0685 1
Real Estate Folio Number (Parcel Number):01-41-06-121-0390
Public Survey Township:1
Public Survey Range:41
Public Survey Section:6

Listing History

Update/EventDate/Days
Published Date:November 14, 2023 5:36 pm
On Market Date:November 14, 2023
Close Date:April 19, 2024
Price Change Date Time:January 24, 2024 1:47 pm
Last Important Update Description:Closed
Date and Time of Last Important Update:April 19, 2024 4:09 pm
Status Last Changed:April 19, 2024 4:09 pm
Photos Last Modified:January 5, 2024 5:34 am
Last Modified:April 19, 2024 8:09 pm
Days on the Market Reference Date:April 19, 2024
Days on the Market (updated on Last Modified*):73
Cumulative Days on the Market (updated on Last Modified**):73

Additional Information

Unit Location:Interior Hall
Number of Photos:18
Location:,,
Included:,,
Area:41
Courtesy of:Onepath Realty LLC
Universal Property Id:US-12025-N-0141061210390-R-N

Location

Show Property Address:Yes
Street Name:7th St
Street Number:5050
Street Direction Prefix:NW
Street Address:5050 NW 7th St 406
Unit Number:406
City : Miami
State : Florida
Zip Code : 33126
County : Miami-Dade County
Full Address:5050 NW 7th St 406, Miami, FL 33126
Latitude:N25° 46' 40.4''
Longitude:W81° 43' 21''

Neighborhood

Postal City:Miami

Property Map

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