Home » Miami » 5050 CONDO at 5050 7th St Miami » 5050 NW 7th St PH1, Miami, FL 33126 | A11589325

5050 NW 7th St PH1, Miami, FL 33126 | For Sale

$259,900
Price has decreased by $5,100

Property Highlights

Listing ID A11589325 Status of this Listing: Active Under Contract (An offer has been accepted, considering Backup Offers) For Sale Property Type Residential Condominium 3 Bedrooms 2 Bathrooms Total 2 Full Bath Living Space 1,120 Sqft/104.05 m2 approx. Building Area 1,120 Sqft/104.05 m2 approx. COMMUNITY POOL Year Built 1973 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 on Rebonus 105 Day(s)
36 Photos of this Property

5050 NW 7th St PH1, Miami, FL 33126

Property Description: Attention all investors! Tremendous opportunity to own a very spacious 3/2 pent house unit with balcony overlooking the Miami skyline. This building is located in the heart of Miami just North of the Coral Gables city lines. Centrally located near the airport, major highways, dining, shops and downtown Miami. The building is currently going through the 50-year recertification and beautification to include new flooring, hallways, lobby renovation, windows, doors, roof and pool area.

Useful Info

Contingency:3rd Party Approval
Previous Asking Price:$265,000
Original List Price:$265,000
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
Architectural Style:
  • Penthouse
Entry Level (floor):8
Entry Level Location:8
Construction Materials:
  • Block
  • Brick
Flooring:
  • Tile
Number of stories:8

Property Features

View from the Property:
  • City
Waterfront:No
Swimming Pool Features:
  • Association
Security:
  • Intercom
Appliances:
  • Dishwasher
  • Refrigerator
  • Electric Range
Interior Features:
  • Living/dining Room
  • First Floor Entry
  • Breakfast Area
  • Bedroom On Main Level
Exterior Features:
  • Balcony
Patio and Porch Features:
  • Balcony
  • Open
Laundry Features:
  • Common Area
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
Heating:Yes
Heating System:
  • Central

Taxes and Expenses

Tax Annual Amount:$682

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:$541
Association Fee Frequency:
  • Monthly
Property Tax Status:Tax Reflects No Homestead Tax

Terms

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

Community

Pets Allowed?:
  • Yes
  • Conditional
Amenities Provided by the Homeowner's Association (HOA):
  • Pool
  • Clubhouse
  • Laundry
  • Elevator(s)
Subdivision Name:5050 CONDO
Association Fee Includes:
  • Sewer
  • Water
  • Trash
  • Pool(s)
  • Common Areas
  • Association Management
  • Parking
  • Amenities
Complex Name:5050 CONDO
Senior Community:No
Restrictions: OK To Lease

Parking

Garage Spaces:0
Covered Spaces:0
Parking Features:
  • Two Or More Spaces

More Details

Other Information:
Unit View: Skyline View
Housing Older Persons Act: Unverified
Unit Design: Penthouse
Type of Association: Condo
Minimum Number of Days for Lease: 365
Type of Governing Bodies: Condominium
Pet Fee: 0
Tax Information: Tax Reflects No Homestead Tax
Number of times allowed to lease per year: 1
Flood Zone : AH
Homeowner's Association Application Fee: 150
Rooms Description: Florida Room
Style: Condo 5+ Stories
FEMA Flood Zone Designations: AH
Municipal Code: 1
Subdivision Number: 121

Zoning and Legal

Tax Legal Description:5050 CONDO UNIT PH1 UNDIV 1.086% INT IN COMMON ELEMENTS OFF REC 10337-293 OR 17991-4707 0298 1
Real Estate Folio Number (Parcel Number):01-41-06-121-1250
Public Survey Township:1
Public Survey Range:41
Public Survey Section:6

Listing History

Update/EventDate/Days
Published Date:May 16, 2024 8:04 pm
On Market Date:May 16, 2024
Price Change Date Time:June 21, 2024 2:42 pm
Last Important Update Description:Active Under Contract (An offer has been accepted, considering Backup Offers)
Date and Time of Last Important Update:July 17, 2024 12:13 am
Status Last Changed:July 17, 2024 12:13 am
Photos Last Modified:May 17, 2024 12:22 am
Last Modified:August 28, 2024 6:00 pm
Days on the Market Reference Date:August 28, 2024
Days on the Market (updated on Last Modified*):104
Cumulative Days on the Market (updated on Last Modified**):104

Additional Information

Unit Location:Penthouse
Number of Photos Count:36
Area:41
Ref ID:1075494857
Courtesy of:Lifestyle International Realty
Universal Property Id:US-12025-N-0141061211250-R-N

Location

Show Property Address:Yes
Street Name:7th St
Street Number:5050
Street Direction Prefix:NW
Street Address:5050 NW 7th St PH1
Unit Number:PH1
City : Miami
State : Florida
Zip Code : 33126
County : Miami-Dade County
Full Address:5050 NW 7th St PH1, Miami, FL 33126
Latitude:N25° 46' 40.9''
Longitude:W81° 43' 20''

Neighborhood

Postal City:Miami

Property Map

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