398 NE 5 Unit 1407, Miami, FL, 33132

Location

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398 NE 5 Unit 1407, Miami$785,000

Buyer Closing Credits

$9,322^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

Home TypeCondominium

ParkingValet

Garage1 space

Year BuiltNew Const., 2022

HeatingElectric

CoolingCentral Air

WaterfrontBay Front, Ocean Front

ViewBay, City, Water

MLS #A11669442

StatusActive

About 398 NE 5 Unit 1407

Spectacular fully furnished condo at The Elser Condominium in the heart of Downtown Miami! Enjoy breathtaking bay views from this modern residence, offering the ultimate blend of luxury and convenience. This versatile unit can be part of the exclusive hotel program, or the owner can lease it out for a minimum of 6 months, making it perfect for investors or seasonal residents. Step into a lifestyle with resort-style amenities, steps from dining, shopping, and Miami's vibrant cultural scene. Don't miss this incredible opportunity to own a piece of paradise.

Property Details

Property Features

Property Information:

Architectural Style: High Rise
Year Built: 2022

Listing Office:

Office Name: Coldwell Banker Realty
Office Phone: (305) 361-5722
Listing Agent: Angelica Fajardo

Interior Features

Interior Information:

Appliances: Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer
Flooring Type: Tile
Interior: Bedroom on Main Level, Closet Cabinetry, Skylights, Elevator, Bar

Bedroom and Bathroom Information:

Full Bathrooms: 1

Exterior Features

Exterior Information:

Waterfront: Bay Front, Ocean Front
View: Bay, City, Water
Exterior: Barbecue, Deck, Security/High Impact Doors

Parking Information:

Garage Space: 1 space
Parking: Valet

Virtual/3D Tour

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Utilities

Utilities Information:

Heating: Electric
Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

List Price: $785,000

HOA Fees:

Amount: $494
Frequency: Monthly

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Housing Market Comparison

See how this home compares to others in Miami, FL.

Miami, FL

City

Med. Sold Price

$560.4K

Med. Price/SqFt

$389

Avg. Days On Market

# of Sold Homes

698

398 NE 5 Unit 1407 vs Miami

52 DAYS ON ROCKET

-8 Days

$785,000

+$224.5K More

KEY TAKEAWAY

This property is $224.5K more than the Median Sold Price in Miami, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

MLS Name: SEFMIAMI
MLS Number: #A11669442

Listing Office:

Office Name: Coldwell Banker Realty
Office Phone: (305) 361-5722
Listing Agent: Angelica Fajardo

© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/25/2024, 9:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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Interest Rate

Down Payment

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Annual Cost

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Mortgage Insurance

Monthly Premium

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Homeowners Insurance

$67

Monthly Premium

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Homeowners Association (HOA)

$494

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,420

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

/10

Downtown Miami Charter School
305 NW 3rd Ave
Distance between this listing and this school0.63 miles
Public Charter Grades KG-6

/10

Frederick R. Douglass Elementary School
314 NW 12th St
Distance between this listing and this school0.81 miles
Public District Grades PK-5

/10

Miami Children's Museum Charter School
980 MacArthur Cswy
Distance between this listing and this school0.90 miles
Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

How much money do the neighbors make?

58%

<35k

26%

35k-100k

16%

100k-200k

200k+

What level of education do the neighbors have?

High School: 49%
Post Secondary: 33%
Masters: 18%

What types of families live nearby?

81%

Single, No Kids

Single, with Kids

11%

Married, No Kids

Married, with Kids

Are the neighbors home owners or renters?

Renters: 88%
Home Owners: 12%

How old are people in this area?

<11 yrs old

12-17 yrs old

40%

18-34 yrs old

36%

35-64 yrs old

18%

65+ yrs old

What do the neighbors do for fun?

Music Concerts
Tennis
Major League Soccer (MLS)

Where do the neighbors shop?

H&M
Crate & Barrel
Banana Republic

Where do the neighbors go to eat?

Chipotle
Starbucks
Jack In The Box

What do the neighbors drive?

Volkswagen
BMW
Toyota

What do the neighbors listen to?

Rhythmic Contemporary Hits
News
Jazz

The neighbors living near this home have an average income of $21,792. Residents of Miami, FL typically earn less than $35k each year. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 398 NE 5 Unit 1407

What is the listing price of this property?

The listing price of 398 NE 5 Unit 1407 property is $785,000.

What type of property is this?

The property 398 NE 5 Unit 1407 is a condo located in Miami, Florida, 33132.

Is this property for sale now?

Active Listing: 398 NE 5 Unit 1407 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 398 NE 5 Unit 1407 has 1 bathroom..

Which year was this property built?

The year of construction for 398 NE 5 Unit 1407 is 2022.

Rocket Homes›Florida›Miami-Dade County›Miami›33132›398 NE 5 Unit 1407

This home is located at 398 NE 5 Unit 1407 in Miami, FL and zip code 33132 in the Downtown neighborhood. This home was built in 2022. Features: 1 bathroom. It has been listed on Rocket Homes since October 04, 2024 and is currently priced at $785,000.

In October 2024, from all listings sold in Miami, FL there were more than 62 sold above asking price, over 507 sold below and more than 129 were sold right at the asked price. The number of homes for sale in Miami, FL increased by 8.3% between September 2024 and October 2024. While the average time on the market in October 2024 was 60 days, the median list price was $560,436.

Location

Property Highlights

Property Details

Property Features

Interior Features

Exterior Features

Virtual/3D Tour

Utilities

Price Information

Listing Price Info

Housing Market Comparison

MLS Details

Property Sales & Tax

Payment Calculator

Schools

Schools Nearby

Neighborhood

What Are The Neighbors Like?

Frequently Asked Questions About 398 NE 5 Unit 1407

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