Home » Miami » 5050 CONDO at 5050 7th St Miami » 5050 NW 7th St 705, Miami, FL 33126 | A11611936

For Sale 5050 NW 7th St 705, Miami, FL 33126

$244,900
Price has decreased by $10,100

Property Highlights

Listing ID A11611936 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. Year Built 1973 Seller considers Owner Financing 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 166 Day(s)

5050 NW 7th St 705, Miami, FL 33126

Property Description: Great investment opportunity "OWNER FINANCING "in upcoming area centrally located. This 2 bedroom 2 full bath on the 7th floor overlooking Miami is in the heart of an upcoming area of CentroCity where new central shopping plaza, charter school , target, walgreens and Fresco Mas, Airport and Downtown, ect..more. Investors looking for high demand rental area with profitability. The building is in progress of the 50 year recertification and beautification that includes hallways, flooring, lobby and entertainment /party area located on the 8th floor. Owner will offer owner financing, terms to be discussed with interested buyers. Make an appointment today. 24 hour notice .

Residential Condominium For Sale located at 5050 NW 7th St 705 Miami FL 33126 in Miami-Dade referenced as ID MLS # A11611936. 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

Previous Asking Price:$255,000
Original List Price:$255,000
If Bank REO, Short Sale, As Is, etc.:
  • Listed As-is
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):7
Entry Level Location:7
Construction Materials:
  • Stucco
Flooring:
  • Ceramic Tile
Number of stories:8
Number of Units in the Community or Building:138

Property Features

View from the Property:
  • Other
Waterfront:No
Security:
  • Lobby Secured
Appliances:
  • Refrigerator
  • Electric Range
Interior Features:
  • First Floor Entry
  • Bedroom On Main Level
Exterior Features:
  • Fence
Laundry Features:
  • Common Area
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
  • Ceiling Fan(s)
Heating:Yes
Heating System:
  • Electric

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
  • Owner May Carry (Owner Financing, The Seller may be interested in carrying the mortgage note)
Occupant Type:
  • Call Agent
Buyer Possession:
  • Closing & Funding
Lease Considered:Yes

Community

Pets Allowed?:
  • Size Limit (There are size restrictions on allowed pets)
  • Yes
Amenities Provided by the Homeowner's Association (HOA):
  • Laundry
Subdivision Name:5050 CONDO
Association Fee Includes:
  • Trash
  • Pool(s)
  • Insurance
  • Parking
  • Hot Water
  • Laundry
Complex Name:5050
Senior Community:No

Parking

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

More Details

Other Information:
Unit ViewOther View
Housing Older Persons ActNo HOPA
Unit DesignNone
Type of AssociationCondo
Minimum Number of Days for Lease180
Type of Governing BodiesCondominium
Pet Fee0
Tax InformationTax Reflects City & County Tax
Number of times allowed to lease per year1
Flood ZoneAH
Building Number5050
Homeowner's Association Application Fee150
Style Condo 5+ Stories
FEMA Flood Zone DesignationsAH
Municipal Code1
Subdivision Number121

Zoning and Legal

Tax Legal Description:5050 CONDO UNIT 705 UNDIV .856% INT IN COMMON ELEMENTS OFF REC 10337-293 OR 18731-3293 0899 4
Real Estate Folio Number (Parcel Number):01-41-06-121-0350
Public Survey Township:1
Public Survey Range:41
Public Survey Section:6

Listing History

Update/EventDate/Days
Published Date:June 24, 2024 9:19 am
On Market Date:June 24, 2024
Price Change Date Time:July 29, 2024 10:48 am
Last Important Update Description:Price Change
Date and Time of Last Important Update:July 29, 2024 10:48 am
Status Last Changed:June 24, 2024 9:19 am
Photos Last Modified:September 16, 2024 3:30 pm
Last Modified:October 29, 2024 8:47 pm
Days on the Market Reference Date:October 29, 2024
Days on the Market (updated on Last Modified*):127
Cumulative Days on the Market (updated on Last Modified**):127

Additional Information

Unit Location:None
Number of Photos:28
Location:,,
Included:,,
Area:41
Courtesy of:Luxurious Living Realty, Inc.
Universal Property Id:US-12025-N-0141061210350-R-N

Location

Show Property Address:Yes
Street Name:7th St
Street Number:5050
Street Direction Prefix:NW
Street Address:5050 NW 7th St 705
Unit Number:705
City : Miami
State : Florida
Zip Code : 33126
County : Miami-Dade
Full Address:5050 NW 7th St 705, Miami, FL 33126
Latitude:N25° 46' 40.4''
Longitude:W81° 43' 21''

Neighborhood

Postal City:Miami

Property Map

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