551 Michigan Ave Unit 125, Miami Beach, FL, 33139

Location

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551 Michigan Ave Unit 125, Miami Beach$245,000

Buyer Closing Credits

$2,909^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

Home TypeCondominium

ParkingOn Street

Year Built1945

HeatingCentral

CoolingCentral Air

ViewNone

MLS #A11642922

StatusActive

About 551 Michigan Ave Unit 125

Beautifully renovated art deco 1B/1B in the heart of South Beach, corner unit, contemporary bathroom fixtures, Italian style kitchen cabinets, stainless steel appliances, laminate floors, community washer & dryer. Walking distance from Publix, shops, beach, public pool, parks, and transportations. Light and bright.

Property Details

Property Features

Property Information:

Year Built: 1945
Living Area: 426 SqFt

Listing Office:

Office Name: SOBE International Realty
Office Phone: (305) 672-4971
Listing Agent: Piermassimo Picchiura

Interior Features

Interior Information:

Appliances: Dishwasher, Electric Range, Microwave, Refrigerator
Flooring Type: Wood
Interior: Bedroom on Main Level

Bedroom and Bathroom Information:

Full Bathrooms: 1
Total Bedroom Count: 1

Exterior Features

Exterior Information:

View: None
Exterior: Courtyard, Fence

Parking Information:

Parking: On Street

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Utilities

Utilities Information:

Heating: Central
Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

List Price: $245,000
Price Per SqFt: $575/SqFt

HOA Fees:

Amount: $581
Frequency: Monthly

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Housing Market Comparison

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

Miami Beach, FL

City

Med. Sold Price

$604.5K

Med. Price/SqFt

$600

Avg. Days On Market

101

# of Sold Homes

551 Michigan Ave Unit 125 vs Miami Beach

93 DAYS ON ROCKET

-8 Days

$245,000

-$359.5K Less

$575/SqFt

-$26 Less

KEY TAKEAWAY

This property is $359.5K less than the Median Sold Price and $26/SqFt less than other homes in Miami Beach, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

MLS Name: SEFMIAMI
MLS Number: #A11642922

Listing Office:

Office Name: SOBE International Realty
Office Phone: (305) 672-4971
Listing Agent: Piermassimo Picchiura

© 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: 11/17/2024, 11:20:49 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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Mortgage Insurance

Monthly Premium

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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

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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

South Pointe Elementary School
1050 4th St
Distance between this listing and this school0.18 miles
Public District Grades PK-5

/10

Fienberg/Fisher K-8 Center
1420 Washington Ave
Distance between this listing and this school0.80 miles
Public District Grades PK-5

/10

Miami Children's Museum Charter School
980 MacArthur Cswy
Distance between this listing and this school2.47 miles
Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

How much money do the neighbors make?

70%

<35k

29%

35k-100k

100k-200k

200k+

What level of education do the neighbors have?

High School: 52%
Post Secondary: 47%
Masters: 2%

What types of families live nearby?

74%

Single, No Kids

10%

Single, with Kids

11%

Married, No Kids

Married, with Kids

Are the neighbors home owners or renters?

Renters: 84%
Home Owners: 16%

How old are people in this area?

<11 yrs old

12-17 yrs old

35%

18-34 yrs old

40%

35-64 yrs old

14%

65+ yrs old

What do the neighbors do for fun?

Pro Boxing
Major League Soccer (MLS)

Where do the neighbors shop?

H&M
Burlington

Where do the neighbors go to eat?

Boston Market
Popeyes
White Castle

What do the neighbors drive?

Honda
Nissan
Kia

What do the neighbors listen to?

Rhythmic Contemporary Hits
Urban Adult Contemporary

The neighbors living near this home have an average income of $23,253. Residents of Miami Beach, FL typically earn less than $35k each year. 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 551 Michigan Ave Unit 125

What is the listing price of this property?

The listing price of 551 Michigan Ave Unit 125 property is $245,000.

What type of property is this?

The property 551 Michigan Ave Unit 125 is a condo located in Miami Beach, Florida, 33139.

Is this property for sale now?

Active Listing: 551 Michigan Ave Unit 125 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 551 Michigan Ave Unit 125 has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 551 Michigan Ave Unit 125 is 426 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 551 Michigan Ave Unit 125 is 1945.

Rocket Homes›Florida›Miami-Dade County›Miami Beach›33139›551 Michigan Ave Unit 125

This home is located at 551 Michigan Ave Unit 125 in Miami Beach, FL and zip code 33139 in the Flamingo / Lummus neighborhood. This 426 square foot home was built in 1945. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since August 17, 2024 and is currently priced at $245,000.

In October 2024, from all listings sold in Miami Beach, FL there were more than 6 sold above asking price, over 77 sold below and more than 9 were sold right at the asked price. In October 2024 in Miami Beach, FL there were 15.1% more homes for sale than in September 2024. While the average time on the market in October 2024 was 101 days, the median list price was $604,583.

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 551 Michigan Ave Unit 125

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