Home » Miami » Fernwoods NO 2 at 506 87th Ave Miami » 506 NW 87th Ave 111, Miami, FL 33172 | A11565752

506 NW 87th Ave 111, Miami, FL 33172 | Sold

$260,000
closed for a price of $250,000

Property Highlights

Listing ID A11565752 Status of this Listing: Closed Sold Property Type Residential Condominium 1 Bedrooms 1 Bathrooms Total 1 Full Bath 1 Half Bath Living Space 839 Sqft/77.95 m2 approx. Building Area 839 Sqft/77.95 m2 approx. COMMUNITY POOL Year Built 1974 Lease Term Minimum Duration: 365 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 365 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 50 Days
23 Photos of this Property

506 NW 87th Ave 111, Miami, FL 33172

Property Description: Adorable first floor unit in the very sought after Fernwoods Condominium. This unit is is very spacious with an updated kitchen with stainless steel appliances, Large Living Room/Dining Room and a very spacious bedroom. Washer/Dryer in unit for for your convenience. Screened in balcony, merely steps from the pool and lake. This building is centrally located near near malls, restaurants, 836, I75 and Palmetto Expressway. Brand new AC will be installed prior to closing and brand new roof is being installed. Currently Tenant Occupied month to month, paying $1,600 per month, unit can be delivered vacant.

Useful Info

Contingency:No Contingencies
Original List Price:$260,000
Close Price:$250,000
More Listings Same Building:Fernwoods NO 2 at 506 87th Ave Miami

Land Lot (Parcel) Details

Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Resale
Architectural Style:
  • Garden Apartment
Entry Level (floor):1
Entry Level Location:1
Construction Materials:
  • Block
Flooring:
  • Tile
Number of stories:4

Property Features

View from the Property:
  • Pool
  • Tennis Court
Waterfront:No
Swimming Pool Features:
  • Association
Appliances:
  • Dryer
  • Dishwasher
  • Microwave
  • Refrigerator
  • Washer
Interior Features:
  • First Floor Entry
  • Walk-in Closet(s)
  • Bedroom On Main Level
Exterior Features:
  • Balcony
  • Patio
Patio and Porch Features:
  • Patio
  • Balcony
  • Screened
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
Heating:Yes
Heating System:
  • Central

Taxes and Expenses

Tax Annual Amount:$2,601

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:$246
Association Fee Frequency:
  • Monthly
Property Tax Status:Tax Reflects No Exemptions

Terms

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

Community

Pets Allowed?:
  • Size Limit (There are size restrictions on allowed pets)
  • Yes
Amenities Provided by the Homeowner's Association (HOA):
  • Pool
  • Elevator(s)
  • Tennis Court(s)
Subdivision Name:FERNWOODS CONDO NO 2 BLDG
Association Fee Includes:
  • Maintenance Grounds
  • Roof
  • Sewer
  • Water
  • Trash
  • Pool(s)
  • Maintenance Structure
  • Common Areas
  • Insurance
  • Hot Water
  • Hvac
  • Legal/accounting
  • Amenities
Complex Name:Fernwood Condominium
Senior Community:No
Restrictions: Okay to Lease within 1st Year of Ownership

Parking

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

More Details

Other Information:
Unit View: Pool Area View,Tennis Court View
Housing Older Persons Act: No HOPA
Unit Design: Garden Apartment
Type of Association: Condo
Minimum Number of Days for Lease: 365
Type of Governing Bodies: Condominium
Pet Fee: 50
Tax Information: Tax Reflects No Exemptions
Number of times allowed to lease per year: 1
Flood Zone : AH
Homeowner's Association Application Fee: 150
Style: Co-Op 1-4 Stories
FEMA Flood Zone Designations: AH
Municipal Code: 30
Subdivision Number: 25
Buy State: Florida
Buyer Country of Residence: USA

Zoning and Legal

Tax Legal Description:FERNWOODS CONDO NO 2 BLDG 903 UNIT 111 - 1ST FLOOR UNDIV .8259% INT IN COMMON ELEMENTS CLERKS FILE 74R 209358 OR 21328-0632 0603 1
Real Estate Folio Number (Parcel Number):30-40-04-025-0110
Public Survey Township:30
Public Survey Range:40
Public Survey Section:24

Listing History

Update/EventDate/Days
Published Date:April 8, 2024 8:42 pm
On Market Date:April 8, 2024
Close Date:May 28, 2024
Price Change Date Time:April 8, 2024 8:42 pm
Last Important Update Description:Closed
Date and Time of Last Important Update:June 3, 2024 10:49 am
Status Last Changed:June 3, 2024 10:49 am
Photos Last Modified:April 11, 2024 4:09 pm
Last Modified:June 3, 2024 2:49 pm
Days on the Market Reference Date:June 3, 2024
Days on the Market (updated on Last Modified*):11
Cumulative Days on the Market (updated on Last Modified**):11

Additional Information

Unit Location:Garden Apartment
Number of Photos Count:23
Area:40
Ref ID:1065866599
Automated Valuation Display:Yes
Courtesy of:United Realty Group Inc
Universal Property Id:US-12025-N-3040040250110-R-N

Location

Show Property Address:Yes
Street Name:87th Ave
Street Number:506
Street Direction Prefix:NW
Street Address:506 NW 87th Ave 111
Unit Number:111
City : Miami
State : Florida
Zip Code : 33172
County : Miami-Dade County
Full Address:506 NW 87th Ave 111, Miami, FL 33172
Latitude:N25° 46' 34.3''
Longitude:W81° 39' 46.3''

Neighborhood

Postal City:Miami

Property Map

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