Home » Miami » 5050 CONDO at 5050 7th St Miami » 5050 NW 7th St 403, Miami, FL 33126 | A11609148

5050 NW 7th St 403, Miami, FL 33126 | For Sale

$229,900
Price has decreased by $5,100

Property Highlights

Listing ID A11609148 Status of this Listing: Active For Sale 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 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 on Rebonus 51 Day(s)
3 Photos of this Property

5050 NW 7th St 403, 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, WASHER & DRYER INSIDE UNITS,TWO 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.

Useful Info

Previous Asking Price:$235,000
Original List Price:$235,000
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

Property Features

Waterfront:No
Swimming Pool Features:
  • Association
Security:
  • Smoke Detector(s)
  • Fire Sprinkler System
  • Key Card Entry
  • Lobby Secured
  • Phone Entry
  • Secured Garage/parking
Appliances:
  • Microwave
  • Refrigerator
  • Electric Range
  • Electric Water Heater
Interior Features:
  • Walk-in Closet(s)
  • Bedroom On Main Level
  • Elevator
Exterior Features:
  • Fence
  • Balcony
Patio and Porch Features:
  • Balcony
  • Open
Laundry Features:
  • Common Area
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
Heating:Yes
Heating System:
  • Central
Building Features:
  • Exterior Lighting

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:2023
Association Fee:$427
Association Fee Frequency:
  • Monthly
Property Tax Status:Tax Reflects City & County Tax

Terms

Listing Terms Considered by Seller:
  • Cash
Occupant Type:
  • Tenant
Buyer Possession:
  • Closing & Funding
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
  • Trash
  • Laundry
  • Playground
  • Elevator(s)
Subdivision Name:5050 CONDO
Association Fee Includes:
  • Pool(s)
  • Maintenance Structure
  • Parking
  • Laundry
Complex Name:5050 CONDO
Senior Community:No
Restrictions:No Restrictions, OK To Lease
Membership Required:Yes

Parking

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

More Details

Other Information:
Unit View: None
Housing Older Persons Act: Unverified
Unit Design: None
Type of Association: Condo
Minimum Number of Days for Lease: 180
Type of Governing Bodies: Condominium
Pet Fee: 0
Tax Information: Tax Reflects City & County Tax
Number of times allowed to lease per year: 2
Flood Zone : AH
Homeowner's Association Application Fee: 150
Style: Condo 5+ Stories
FEMA Flood Zone Designations: AH
Municipal Code: 1
Subdivision Number: 121

Zoning and Legal

Tax Legal Description:5050 CONDO UNIT 403 UNDIV .856% INT IN COMMON ELEMENTS OFF REC 10337-293 OR 10594-1914 1179 1
Real Estate Folio Number (Parcel Number):01-41-06-121-0180
Public Survey Township:1
Public Survey Range:41
Public Survey Section:6

Listing History

Update/EventDate/Days
Published Date:June 22, 2024 11:03 am
On Market Date:June 22, 2024
Price Change Date Time:July 24, 2024 11:54 am
Last Important Update Description:Price Change
Date and Time of Last Important Update:July 24, 2024 11:54 am
Status Last Changed:June 22, 2024 11:03 am
Photos Last Modified:July 24, 2024 3:53 pm
Last Modified:July 24, 2024 8:00 pm
Days on the Market Reference Date:July 24, 2024
Days on the Market (updated on Last Modified*):32
Cumulative Days on the Market (updated on Last Modified**):32

Additional Information

Unit Location:None
Number of Photos Count:3
Area:41
Ref ID:1076730927
Courtesy of:Florida Capital Realty
Universal Property Id:US-12025-N-0141061210180-R-N

Location

Show Property Address:Yes
Street Name:7th St
Street Number:5050
Street Direction Prefix:NW
Street Address:5050 NW 7th St 403
Unit Number:403
City : Miami
State : Florida
Zip Code : 33126
County : Miami-Dade County
Full Address:5050 NW 7th St 403, Miami, FL 33126
Latitude:N25° 46' 40.4''
Longitude:W81° 43' 21''

Neighborhood

Postal City:Miami

Property Map

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