Home » Miami » 5050 CONDO at 5050 7th St Miami » 5050 NW 7th St 101, Miami, FL 33126 | A11630825

Sold 5050 NW 7th St 101, Miami, FL 33126

$250,000
closed for a price of $249,000

Property Highlights

Listing ID A11630825 Status of this Listing: Closed Sold 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. 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 from published date until Closing Date 31 Days

5050 NW 7th St 101, Miami, FL 33126

Property Description: Nestled in the vibrant & highly sought-after Blue Lagoon neighborhood, this remodeled 3-bedroom, 2-bathroom condo offers the perfect blend of comfort, convenience, & style. Enjoy the generous space this condo provides, there 's plenty of room for families or professionals. Large windows & an open floor plan flood the living spaces with natural light, creating a warm and inviting atmosphere. Close to MIA Airport & Major Highways, catch a game at Marlins Park or Enjoy the Shopping & Fine Dining in Miami-Beach, South Beach, Coral Gables & Coconut Grove which all minutes away. Building has undergone it 's 50 year inspection and repairs are being made. Offered at a fantastic price while building is undergoing painting and cosmetic renovations. All current assessments to date are paid in full.

Useful Info

Contingency:Association Approval
Original List Price:$250,000
Close Price:$249,000
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:
  • Effective Year Built
Entry Level (floor):1
Entry Level Location:1
Construction Materials:
  • Block
Flooring:
  • Tile
Number of stories:9
Possible Use:
  • Investment

Property Features

View from the Property:
  • City
Waterfront:No
Security:
  • Complex Fenced
  • Phone Entry
Appliances:
  • Dishwasher
  • Microwave
  • Electric Range
  • Trash Compactor
Interior Features:
  • First Floor Entry
  • Bedroom On Main Level
  • Elevator
Exterior Features:
  • Barbecue
  • Balcony
  • Courtyard
Patio and Porch Features:
  • Balcony
  • Open
Laundry Features:
  • Common Area
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
  • Ceiling Fan(s)
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:$544
Association Fee Frequency:
  • Monthly
Property Tax Status:Tax Reflects No Exemptions

Terms

Listing Terms Considered by Seller:
  • Cash
Occupant Type:
  • Vacant
Buyer Possession:
  • Closing & Funding
  • Close Of Escrow
Buyer Financing:
  • Cash
Lease Considered:No

Community

Pets Allowed?:
  • Size Limit (There are size restrictions on allowed pets)
  • Yes
Amenities Provided by the Homeowner's Association (HOA):
  • Laundry
  • Elevator(s)
Subdivision Name:5050 CONDO
Association Fee Includes:
  • Maintenance Grounds
  • Sewer
  • Water
  • Trash
  • Maintenance Structure
  • Common Areas
  • Other
  • Insurance
  • Recreation Facilities
  • Amenities
Complex Name:5050 Condo
Senior Community:No
Restrictions: No Recreational Vehicles RV, No Truck

Parking

Garage:Yes
Garage Spaces:1
Covered Spaces:1
Attached Garage:Yes
Parking Features:
  • Garage
  • Attached
  • Assigned
  • Guest

Public Schools Assigned

Note: provided by seller, please contact the school district to confirm the school assignment for this property address.

Elementary School:Wahneta Elem
High School:South Miami
Middle Or Junior School:Kinlock Park

More Details

Other Information:
Unit ViewSkyline View
Pet Fee DescriptionRefundable
Housing Older Persons ActNo HOPA
Unit DesignCorner Unit,Interior Hall
Type of AssociationCondo
Minimum Number of Days for Lease180
Type of Governing BodiesCondominium
Pet Fee100
Tax InformationTax Reflects No Exemptions
Number of times allowed to lease per year2
Flood ZoneAH
Homeowner's Association Application Fee100
Style Condo 5+ Stories
FEMA Flood Zone DesignationsAH
Municipal Code1
Subdivision Number121
Buy StateFlorida
Buyer Country of ResidenceUSA

Zoning and Legal

Tax Legal Description:5050 CONDO UNIT 101 UNDIV 1.086% INT IN COMMON ELEMENTS OFF REC 10337-293 OR 10570-2492 0879 1 COC 25731-4767 06 2007 5
Real Estate Folio Number (Parcel Number):01-41-06-121-0010
Public Survey Township:1
Public Survey Range:41
Public Survey Section:6

Listing History

Update/EventDate/Days
Published Date:July 26, 2024 4:52 pm
On Market Date:July 26, 2024
Close Date:August 26, 2024
Price Change Date Time:July 26, 2024 4:28 pm
Last Important Update Description:Closed
Date and Time of Last Important Update:September 12, 2024 3:53 pm
Status Last Changed:September 12, 2024 3:53 pm
Photos Last Modified:July 26, 2024 9:08 pm
Last Modified:September 12, 2024 7:55 pm
Days on the Market Reference Date:September 12, 2024
Days on the Market (updated on Last Modified*):13
Cumulative Days on the Market (updated on Last Modified**):13

Additional Information

Unit Location:Corner Unit,Interior Hall
Number of Photos:24
Location:,,
Included:,,
Area:41
Automated Valuation Display:Yes
Courtesy of:Keller Williams Elite Properties
Universal Property Id:US-12025-N-0141061210010-R-N

Location

Show Property Address:Yes
Street Name:7th St
Street Number:5050
Street Direction Prefix:NW
Street Address:5050 NW 7th St 101
Unit Number:101
City : Miami
State : Florida
Zip Code : 33126
County : Miami-Dade
Full Address:5050 NW 7th St 101, Miami, FL 33126
Latitude:N25° 46' 40.4''
Longitude:W81° 43' 21''

Neighborhood

Postal City:Miami

Property Map

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