NOT LISTED FOR SALE

Estimated Value: $5,532,277 - $6,289,000

2 Beds
2.5 Baths
1,870 Sq Ft
$2,055/mo HOA Fee

Last Sold January 07, 2014

Last sale price $3,700,000 $1,979 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $40,994/month

119 Days on Market

Highlights

  • Doorman
  • Ocean Front
  • Fitness Center
  • South Pointe Elementary School Rated A-
  • Community Cabanas
  • 2-minute walk to South Pointe Park

About This Home

As of January 2014

DIRECT OCEAN VIEW FROM EVERY ROOM.FABULOUS UNIT IN A SPECTACULAR EXCLUSIVE RESORT LIKE SETTING.12 ACRES OF AMENITIES INCLUDING AN OUTSTANDING POOLSIDE CAFE,STATE OF THE ART GYM,TENNIS COURTS& BUSINESS CENTER.BEAUTIFUL UNIT WITH PRIVATE ELEVATOR FOYER HAS JUST BEEN RENNOVATED WITH THE BEST OF EVERYTHING, MARBLE FLOORS,NEW LIGHTING,STUNNING MOLDING,ELECTRIC DRAPERIES,CUSTOM WALLPAPER FURNITURE AVAILABLE FOR SALE.LIVE IN THE HEART OF WORLD FAMOUS SOUTH BEACH,WALK EVERYWHERE.OWNER RELOCATING, RARELY ON MKT.

Last Listed By

Robin Beck

Embassy Real Estate License #0262635 Listed on: 01/24/2013

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $25,737

Year Built

  • Built in 2002

Lot Details

  • Ocean Front
  • East Facing Home

HOA Fees

  • $2,055 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Secured Garage or Parking
  • Deeded Parking

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,870 Sq Ft Home
  • Furniture for Sale
  • Drapes & Rods
  • Marble Flooring
  • Washer

Kitchen

  • Built-In Self-Cleaning Oven
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Closet Cabinetry

Home Security

Utilities

  • Cooling Available
  • Heating Available

Additional Features

  • Accessible Elevator Installed

Listing and Financial Details

  • Assessor Parcel Number 02-42-03-262-1990

Community Details

Overview

  • Continuum On South Beach Condos
  • Continuum Subdivision
  • 40-Story Property

Amenities

  • Doorman
  • Community Center
  • Party Room
  • Community Storage Space

Recreation

  • Community Cabanas
  • Community Spa
  • Bike Trail

Pet Policy

  • Breed Restrictions

Building Details

Security

  • Secure Elevator
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$25,737

Year Built

Built in 2002

Lot Details

0

HOA Fees

$2,055 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 2002
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit
  • Directions: OCEAN DRIVE AND FIRST STREET
  • Entry Level: 25
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Other
  • Unit Levels: 0
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: CONTINUUM
  • Year Built Details: Resale
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Microwave, Refrigerator, Self Cleaning Oven, Wall Oven, Washer
  • Interior Amenities: Closet Cabinetry, Elevator
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Marble
  • Furnished: Furniture For Sale, Unfurnished
  • Living Area: 1870
  • Possible Use: Secondary
  • Stories: 40
  • Window Features: Drapes
  • Bedroom Features: Other

Exterior Features

  • View: Ocean View
  • Exterior Features: Open Balcony
  • Construction Type: CBS Construction
  • Direction Faces: East
  • Patio And Porch Features: Open Balcony
  • Pool Private: Yes
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: CONTINUUM ON SOUTH BEACH
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: Covered, Deeded

Utilities

  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Security: Smoke Detector, Doorman, Elevator Secure, Secured Garage/Parking

Condo/Co-op/Association

  • Association Fee: 2055
  • Amenities: Bike/Jog Path, Cabana, Clubhouse-Clubroom, Community Room, Exercise Room, Storage, Heated Pool, Exterior Lighting, Pool, Private Pool, Spa/Hot Tub
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-42-03-262-1990
  • Lot Size Sq Ft: 1870
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Maintenance Expense: 2055

Tax Info

  • Tax Year: 2012
  • Tax Annual Amount: 25737

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2013
Closed on
Jan 7, 2014
Sold by
Nizon Boris
Bought by
Werner Pfeifer Trs
Seller's Agent
Robin Beck
Embassy Real Estate
Buyer's Agent
Marion Ott
Douglas Elliman
List Price
$3,500,000
Sold Price
$3,700,000
Premium/Discount to List
$200,000
5.71%
Total Days on Market
119
Current Estimated Value
$6,045,819

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,345,819
Avg. Annual Appreciation
4.45%

Purchase Details

Listed on
Apr 21, 2012
Closed on
Dec 11, 2012
Sold by
Corn Steven and Corn Marjorie
Bought by
Nizon Boris and Nizon Michaela
Seller's Agent
Victoria Federici
Gray & Associates Prop. Inc.
Buyer's Agent
Robin Beck
Embassy Real Estate
List Price
$2,600,000
Sold Price
$2,600,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
39.06%
Original Mortgage
$800,000
Interest Rate
3.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 30, 2004
Sold by
Ehrlich David
Bought by
Corn Steven and Corn Marjorie

Purchase Details

Closed on
Dec 26, 2002
Sold by
South Beach Ocean Parcel Ltd
Bought by
Ehrlich David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$626,250
Interest Rate
4.27%
Mortgage Type
Commercial

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Werner Pfeifer Trs $3,700,000 --
Nizon Boris $2,600,000 Attorney
Corn Steven $1,300,000 --
Ehrlich David $835,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nizon Boris $800,000
Previous Owner Ehrlich David $626,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/07/2014 01/07/14 Sold $3,700,000 -2.6% $1,979 / Sq Ft
05/23/2013 05/23/13 Pending -- -- --
05/10/2013 05/10/13 Price Changed $3,800,000 +2.7% $2,032 / Sq Ft
05/08/2013 05/08/13 Price Changed $3,700,000 +5.7% $1,979 / Sq Ft
01/23/2013 01/23/13 For Sale $3,500,000 +34.6% $1,872 / Sq Ft
12/13/2012 12/13/12 Sold $2,600,000 0.0% $1,390 / Sq Ft
10/14/2012 10/14/12 Pending -- -- --
04/21/2012 04/21/12 For Sale $2,600,000 -- $1,390 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $70,432 $3,837,639 -- --
2023 $70,432 $3,488,763 $0 $0
2022 $66,114 $3,171,603 $0 $0
2021 $57,392 $2,972,450 $0 $0
2020 $67,273 $3,497,000 $0 $0
2019 $67,767 $3,497,000 $0 $0
2018 $62,625 $3,330,372 $0 $0
2017 $66,340 $3,432,748 $0 $0
2016 $65,528 $3,316,665 $0 $0
2015 $59,737 $3,015,150 $0 $0
2014 $44,240 $2,217,663 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: MIAMI REALTORS® MLS

MLS Number: A1739028

MIAMI REALTORS® MLS

APN: 02-4203-262-1990