10 months on rocket

851 NE 1st Ave Unit 505, Miami, FL, 33132

$520,000

Home List Price

$6,175*

Closing Credit

0 Baths
666 SqFt
$781/SqFt
Condo

Location

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851 NE 1st Ave Unit 505, Miami$520,000

Buyer Closing Credits

$6,175*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingValet
Year Built2019
HeatingCentral
CoolingCentral Air
ViewOther
MLS #A11516066
StatusActive

About 851 NE 1st Ave Unit 505

Rare studio unit at Paramount with the amazing value. You can rent 11 times a year, Short term with 31 days minimum. Unit comes with 10 foot ceiling, big white tiles, full bath with shower and tub. Access to all the amenities Paramount have to offer including 5 pools, state of the art GYM, spa, tennis court, soccer court, Basketball, Racket, Boxing ring, Yoga studio, Club house, and much more.

Property Details

Property Features

Property Information:

  • Year Built: 2019
  • Living Area: 666 SqFt

Listing Office:

  • Office Name: One World Properties
  • Office Phone: (954) 514-7492
  • Listing Agent: Luis Carmona

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer
  • Flooring Type: Tile
  • Interior: Bedroom on Main Level, First Floor Entry, Main Living Area Entry Level

Exterior Features

Exterior Information:

  • View: Other
  • Exterior: Security/High Impact Doors

Parking Information:

  • Parking: Valet

Virtual/3D Tour

  • Virtual Tour: 851 NE 1st Ave Unit 505
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Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $520,000
  • Price Per SqFt: $781/SqFt

HOA Fees:

  • Amount: $962
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $8,548
  • Tax Year: 2020
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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

851 NE 1st Ave Unit 505 vs Miami

307 DAYS ON ROCKET

+247 Days

$520,000

-$40.4K Less

$781/SqFt

+$391 More

KEY TAKEAWAY

This property is $40.4K less than the Median Sold Price and $391/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: #A11516066

Listing Office:

  • Office Name: One World Properties
  • Office Phone: (954) 514-7492
  • Listing Agent: Luis Carmona

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: 11/22/2024, 4:20:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$8,548$313,000

History based on county public records data.

Payment Calculator

$3,625

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,625

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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-515243
3
/10

  • Frederick R. Douglass Elementary School

  • 314 NW 12th St

  • 0.53 miles

  • Public District Grades PK-5

school-card-donut-515244
7
/10

  • Downtown Miami Charter School

  • 305 NW 3rd Ave

  • 0.60 miles

  • Public Charter Grades KG-6

school-card-donut-515245
4
/10

  • Phyllis Wheatley Elementary School

  • 1801 NW 1st Pl

  • 0.83 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $144,758. Most Miami, FL residents have annual incomes between $100k-200k. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 851 NE 1st Ave Unit 505

What is the listing price of this property?

The listing price of 851 NE 1st Ave Unit 505 property is $520,000.

What type of property is this?

The property 851 NE 1st Ave Unit 505 is a condo located in Miami, Florida, 33132.

Is this property for sale now?

Active Listing: 851 NE 1st Ave Unit 505 is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $8,548 (source: MLS/based on county public records data).

What is the square footage of this property?

The property 851 NE 1st Ave Unit 505 is 666 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 851 NE 1st Ave Unit 505 is 2019.

Rocket Homes›Florida›Miami-Dade County›Miami›33132›851 NE 1st Ave Unit 505

This home is located at 851 NE 1st Ave Unit 505 in Miami, FL and zip code 33132 in the Downtown neighborhood. This 666 square foot home was built in 2019. It has been listed on Rocket Homes since January 19, 2024 and is currently priced at $520,000.

Over 62 listings were sold over their listed price in October 2024 in Miami, FL. In the same period over 507 listings were sold below the listed price and 129 listings were sold for the listed price. The number of homes for sale in Miami, FL increased by 8.3% between September 2024 and October 2024. Listings spent 60 days on the market in October 2024, and had a median list price of $560,436 during the same period.

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

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