Home » Miami » Ios on the Bay at 720 62nd St Miami » 720 NE 62nd St 503, Miami, FL 33138 | A11502813

Sold 720 NE 62nd St 503, Miami, FL 33138

$890,000
closed for a price of $820,000

Property Highlights

Listing ID A11502813 Status of this Listing: Closed Sold Property Type Residential Condominium 2 Bedrooms 2 Bathrooms Total 2 Full Bath Living Space 1,179 Sqft/109.53 m2 approx. Building Area 1,179 Sqft/109.53 m2 approx. COMMUNITY POOL Year Built 2008 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 141 Days

720 NE 62nd St 503, Miami, FL 33138

Property Description: IOS on the Bay is a boutique condominium comprised of 43 units and located in the historic MIMO and Upper East Side. Situated between Miami Shores and Morningside Park, an area dominated by multi-million dollar historic homes, IOS on the Bay is the rare condominium exception. Apartment 503 features a private 1,013sf roof terrace with 360-degree views of the city and Biscayne Bay. Additional features include an in-unit storage room, an additional storage locker in the garage, 10-foot-high ceilings, and a large covered parking spot near the elevator entrance. The unit features limestone tile floors, upgrades to the kitchen and baths, a new washer/dryer, impact windows, and doors, and a large balcony from the living room with water views. Minutes to the Design District and Miami Beach.

Residential Condominium Sold located at 720 NE 62nd St 503 Miami FL 33138 in Miami-Dade County referenced as ID MLS # A11502813. 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:Other
Previous Asking Price:$925,000
Original List Price:$925,000
Close Price:$820,000
More Listings Same Building:Ios on the Bay at 720 62nd St Miami

Land Lot (Parcel) Details

Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Resale
Architectural
Style:
  • Penthouse
Entry Level (floor):5
Entry Level Location:5
Construction Materials:
  • Block
Flooring:
  • Tile
Number of stories:5

Property Features

Has View:Yes
View from the Property:
  • City
  • Bay
Waterfront:Yes
Waterfront Features:
  • Bay Front
Swimming Pool Features:
  • Association
Security:
  • Door Man
  • Key Card Entry
  • Elevator Secured
  • Lobby Secured
  • Complex Fenced
  • Phone Entry
  • Secured Garage/parking
Appliances:
  • Dryer
  • Dishwasher
  • Washer
Interior Features:
  • Walk-in Closet(s)
  • Other
  • Elevator
Exterior Features:
  • Deck
  • Security/high Impact Doors
  • Balcony
Patio and Porch Features:
  • Deck
  • Balcony
  • Open
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
  • Ceiling Fan(s)
Heating:Yes
Heating System:
  • Central
Building Features:
  • Exterior Lighting

Taxes and Expenses

Tax Annual Amount:$8,945

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:2023
Association Fee:$1,524
Association Fee Frequency:
  • Monthly
Property Tax Status:Tax Reflects No Exemptions

Terms

Listing Terms Considered by Seller:
  • Cash
  • Conventional
Occupant Type:
  • Owner
Buyer Possession:
  • Close Of Escrow
Buyer Financing:
  • Conventional
Lease Considered:No

Community

Pets Allowed?:
  • Yes
  • Conditional
Amenities Provided by the Homeowner's Association (HOA):
  • Pool
  • Bike Storage
  • Clubhouse
  • Storage
  • Elevator(s)
  • Fitness Center
Subdivision Name:IOS ON THE BAY CONDO
Association Fee Includes:
  • Water
  • Trash
  • Pool(s)
  • Security
  • Association Management
  • Parking
  • Reserve Fund
Complex Name:IOS ON THE BAY CONDO
Senior Community:No
Restrictions: OK To Lease

Parking

Garage:Yes
Garage Spaces:1
Covered Spaces:1
Parking Features:
  • One Space
  • Covered

More Details

Other Information:
Unit ViewBay,Skyline View
Housing Older Persons ActNo HOPA
Unit DesignPenthouse
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 ZoneAE
Homeowner's Association Application Fee150
Style Condo 5+ Stories
FEMA Flood Zone DesignationsAE
Municipal Code1
Subdivision Number86
Buy StateFlorida
Buyer Country of ResidenceUSA
Water Access Description:Other

Zoning and Legal

Tax Legal Description:IOS ON THE BAY CONDO UNIT 503 UNDIV 2.49% INT IN COMMON ELEMENTS OFF REC 26350-1741
Real Estate Folio Number (Parcel Number):01-32-18-086-0140
Public Survey Township:1
Public Survey Range:32
Public Survey Section:18

Listing History

Update/EventDate/Days
Published Date:December 20, 2023 8:44 am
On Market Date:December 20, 2023
Close Date:May 9, 2024
Price Change Date Time:January 17, 2024 11:54 am
Last Important Update Description:Closed
Date and Time of Last Important Update:May 9, 2024 4:56 pm
Status Last Changed:May 9, 2024 4:56 pm
Photos Last Modified:February 1, 2024 7:36 pm
Last Modified:May 9, 2024 8:57 pm
Days on the Market Reference Date:May 9, 2024
Days on the Market (updated on Last Modified*):100
Cumulative Days on the Market (updated on Last Modified**):100

Additional Information

Unit Location:Penthouse
Number of Photos:56
Location:,,
Included:,,
Area:32
Automated Valuation Display:Yes
Courtesy of:Direct Real Estate
Universal Property Id:US-12025-N-0132180860140-R-N

Location

Show Property Address:Yes
Street Name:62nd St
Street Number:720
Street Direction Prefix:NE
Street Address:720 NE 62nd St 503
Unit Number:503
City : Miami
State : Florida
Zip Code : 33138
County : Miami-Dade County
Full Address:720 NE 62nd St 503, Miami, FL 33138
Latitude:N25° 49' 59''
Longitude:W81° 49' 7.6''

Neighborhood

Postal City:Miami

Property Map

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