2 months on rocket

398 NE 5th St Unit 1615, Miami, FL, 33132

$830,000

Home List Price

$9,856*

Closing Credit

1 Bedroom
1 Full Bath
560 SqFt
$1,482/SqFt
Condo

Location

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398 NE 5th St Unit 1615, Miami$830,000

Buyer Closing Credits

$9,856*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingValet
Year BuiltNew Const., 2022
HeatingNone
CoolingElectric
ViewBay
MLS #A11655850
StatusActive

About 398 NE 5th St Unit 1615

Explore this fully furnished 1-bedroom, 1-bathroom residence, ideal for short-term rentals in one of Miami's top locations. Unit 1615 at The Elser spans 560 sq ft, offering breathtaking city and bay views and unmatched convenience. This unit is fully furnished equipped, and ready to rent or enjoy. It’s situated right across from Miami's key shopping destinations, the cruise terminal, and the entertainment arena. Its prime location in the heart of Downtown Miami makes this a compelling investment for anyone looking to tap into the city's dynamic lifestyle. With short-term rentals permitted, this unit is a ready-to-go option for generating rental income in Miami’s most desirable area. Contact us to schedule your viewing today!

Property Details

Property Features

Property Information:

  • Architectural Style: High Rise
  • Year Built: 2022
  • Living Area: 560 SqFt

Listing Office:

  • Office Name: MRI Realty Group
  • Office Phone: (786) 280-2600
  • Listing Agent: Omaira Rodriguez

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Electric Water Heater, Microwave, Other, Refrigerator, Washer
  • Flooring Type: Ceramic Tile
  • Interior: Bedroom on Main Level, Closet Cabinetry, Elevator, First Floor Entry, Kitchen Island, Bar

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • View: Bay
  • Exterior: Balcony

Parking Information:

  • Parking: Valet

Virtual/3D Tour

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Utilities

Utilities Information:

  • Heating: None
  • Cooling: Electric

Price Information

Listing Price Info

Price Summary:

  • List Price: $830,000
  • Price Per SqFt: $1,482/SqFt

HOA Fees:

  • Amount: $1756
  • Frequency: Quarterly
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Housing Market Comparison

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

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Miami, FL

City

Med. Sold Price

$560.4K

Med. Price/SqFt

$389

Avg. Days On Market

60

# of Sold Homes

698

398 NE 5th St Unit 1615 vs Miami

61 DAYS ON ROCKET

+1 Day

$830,000

+$269.5K More

$1,482/SqFt

+$1K More

KEY TAKEAWAY

This property is $269.5K more than the Median Sold Price and $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: #A11655850

Listing Office:

  • Office Name: MRI Realty Group
  • Office Phone: (786) 280-2600
  • Listing Agent: Omaira Rodriguez

IDX © 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: 11/26/2024, 9:20:47 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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$4,795

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,555

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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

school-card-donut-1807401
7
/10

  • Downtown Miami Charter School

  • 305 NW 3rd Ave

  • 0.63 miles

  • Public Charter Grades KG-6

school-card-donut-1807402
3
/10

  • Frederick R. Douglass Elementary School

  • 314 NW 12th St

  • 0.81 miles

  • Public District Grades PK-5

school-card-donut-1807403
9
/10

  • Miami Children's Museum Charter School

  • 980 MacArthur Cswy

  • 0.90 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

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

All data provided by Home Junction and Claritas

Frequently Asked Questions About 398 NE 5th St Unit 1615

What is the listing price of this property?

The listing price of 398 NE 5th St Unit 1615 property is $830,000.

What type of property is this?

The property 398 NE 5th St Unit 1615 is a condo located in Miami, Florida, 33132.

Is this property for sale now?

Active Listing: 398 NE 5th St Unit 1615 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 1615 has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 398 NE 5th St Unit 1615 is 560 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 398 NE 5th St Unit 1615 is 2022.

Rocket Homes›Florida›Miami-Dade County›Miami›33132›398 NE 5th St Unit 1615

This home is located at 398 NE 5th St Unit 1615 in Miami, FL and zip code 33132 in the Downtown neighborhood. This 560 square foot home was built in 2022. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since September 26, 2024 and is currently priced at $830,000.

Miami, FL housing market in October 2024 saw over 62 listings sold above listed price, more than 129 sold at listed price and over 507 sold below. Between September 2024 and October 2024, Miami, FL real estate market has seen increase in the number of listings by 8.3%. In October 2024, listings were on the market for 60 days. During the same period, the median list price in this real estate market was $560,436.

From Rocket Homes Real Estate and based on county public records data.

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