Location! Condo located on a quiet tree line street in the heart of South Beach, Walking Distance to Restaurants, beaches, and Ocean Drive. Pocket Studio unit in a charming, remodel 100%, colorful, and historic building. Unit in second floor and hardwood floors. Investors are welcome, units can be rented out immediately. No daily rentals like AIRBNB allowed. washer and drier shared. street parking.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$1,372
Per Month
Principal & Interest
$889
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$416
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$600
Powered By
Advertisement
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
South Pointe Elementary School
1050 4th St
Distance between this listing and this school0.24 miles
Public District Grades PK-5
5
/10
Fienberg/Fisher K-8 Center
1420 Washington Ave
Distance between this listing and this school0.75 miles
Public District Grades PK-5
9
/10
Miami Children's Museum Charter School
980 MacArthur Cswy
Distance between this listing and this school2.43 miles
Public Charter Grades KG-5
Nearby Schools
6
/10
Nautilus Middle School
4301 N Michigan Ave
Distance between this listing and this school2.65 miles
Public District Grades 6-8
10
/10
Ada Merritt K-8 Center
660 SW 3rd St
Distance between this listing and this school4.18 miles
Public Magnet Grades PK-8
9
/10
Lincoln-Marti Charter School Little Havana Campus
970 W Flagler St # 984
Distance between this listing and this school4.48 miles
Public Charter Grades KG-8
Nearby Schools
5
/10
Miami Beach Senior High School
2231 Prairie Ave
Distance between this listing and this school1.64 miles
Public District Grades 9-12
10
/10
Mast Academy
3979 Rickenbacker Cswy
Distance between this listing and this school3.16 miles
Public Magnet Grades 6-12
10
/10
I Preparatory Academy
1500 Biscayne Blvd Ste 129
Distance between this listing and this school3.31 miles
The neighbors living near this home have an average income of $17,054. Most Miami Beach, FL residents have annual incomes less than $35k. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 642 Michigan Ave Unit 12
What is the listing price of this property?
The listing price of 642 Michigan Ave Unit 12 property is $178,000.
What type of property is this?
The property 642 Michigan Ave Unit 12 is a condo located in Miami Beach, Florida, 33139.
Is this property for sale now?
Active Listing: 642 Michigan Ave Unit 12 is For Sale (Active/New) which means the seller is accepting offers.
How many bedrooms and bathrooms does this property have?
The property at 642 Michigan Ave Unit 12 has 1 bathroom..
What is the square footage of this property?
The property 642 Michigan Ave Unit 12 is 240 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 642 Michigan Ave Unit 12 is 1925.
This home is located at 642 Michigan Ave Unit 12 in Miami Beach, FL and zip code 33139 in the Flamingo / Lummus neighborhood. This 240 square foot home was built in 1925. Features: 1 bathroom. It has been listed on Rocket Homes since May 20, 2024 and is currently priced at $178,000.
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. The inventory of homes for sale in Miami Beach, FL between September 2024 and October 2024 increased by 15.1%. In October 2024, listings were on the market for 101 days. During the same period, the median list price in this real estate market was $604,583.
From Rocket Homes Real Estate and based on county public records data.