398 NE 5th St Unit 1614, Miami, FL, 33132

Location

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398 NE 5th St Unit 1614, Miami$998,800

Buyer Closing Credits

$10,000^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

Home TypeCondominium

ParkingOne Space

Year Built2022

HeatingCentral

CoolingCentral Air

WaterfrontOcean Front

ViewBay

MLS #A11452466

StatusActive

About 398 NE 5th St Unit 1614

The Elser Hotel and Residences will offer a lively, dynamic lifestyle for tastemakers of every stripe. Enjoy access to world-class entertainment, arts, and dining. It allows short and long term rental. LOCATION! Inverstors, this is your opportunity. Bay and skyline view. This unit is ready to start generating you income.

Property Details

Property Features

Property Information:

Architectural Style: High Rise
Year Built: 2022
Living Area: 665 SqFt

Listing Office:

Office Name: KWG Realty Group LLC
Office Phone: (954) 980-6666
Listing Agent: Rongjie Sun

Interior Features

Interior Information:

Appliances: Dryer, Dishwasher, Microwave, Refrigerator, Washer
Flooring Type: Ceramic Tile
Interior: Bedroom on Main Level, Walk-In Closet(s), Bar

Bedroom and Bathroom Information:

Full Bathrooms: 2
Total Bedroom Count: 1

Exterior Features

Exterior Information:

Waterfront: Ocean Front
View: Bay
Exterior: Barbecue, Security/High Impact Doors, Patio

Parking Information:

Parking: One Space

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Utilities

Utilities Information:

Heating: Central
Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

List Price: $998,800
Price Per SqFt: $1,502/SqFt

HOA Fees:

Amount: $665
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 5th St Unit 1614 vs Miami

438 DAYS ON ROCKET

+378 Days

$998,800

+$438.3K More

$1,502/SqFt

+$1.1K More

KEY TAKEAWAY

This property is $438.3K more than the Median Sold Price and $1.1K/SqFt more than other homes in Miami, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

MLS Name: SEFMIAMI
MLS Number: #A11452466

Listing Office:

Office Name: KWG Realty Group LLC
Office Phone: (954) 980-6666
Listing Agent: Rongjie Sun

© 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, 4:20:49 PM 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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Homeowners Insurance

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Monthly Premium

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Homeowners Association (HOA)

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Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,061

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. Most Miami, FL residents have annual incomes less than $35k. Most families are single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 398 NE 5th St Unit 1614

What is the listing price of this property?

The listing price of 398 NE 5th St Unit 1614 property is $998,800.

What type of property is this?

The property 398 NE 5th St Unit 1614 is a condo located in Miami, Florida, 33132.

Is this property for sale now?

Active Listing: 398 NE 5th St Unit 1614 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 5th St Unit 1614 has 1 bedroom and 2 bathrooms.

What is the square footage of this property?

The property 398 NE 5th St Unit 1614 is 665 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 398 NE 5th St Unit 1614 is 2022.

Rocket Homes›Florida›Miami-Dade County›Miami›33132›398 NE 5th St Unit 1614

This home is located at 398 NE 5th St Unit 1614 in Miami, FL and zip code 33132 in the Downtown neighborhood. This 665 square foot home was built in 2022. Features: 1 bedroom, 2 bathrooms. It has been listed on Rocket Homes since September 14, 2023 and is currently priced at $998,800.

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

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 5th St Unit 1614

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