For Sale - 1881 79 St Cswy 1006, $350,000

AMAZING WATER & CITY VIEWS, LARGE SPLIT PLAN 2 BEDROOMS, 2 BATHS, NEWLY PAINTED AND NEW MASTER BEDROOM CARPETING. CERAMIC TI

SPACIOUS UNIT WITH AMAZING BAY AND CITY VIEWS. SPLIT PLAN, VERY LARGE BEDROOMS WITH PRIVATE BATHS AND WALK IN CLOSETS. ITALIAN KITCHEN WITH GRANITE COUNTER, WASHER & DRYER. ALL ROOMS HAVE ACCESS TO VERY LARGE BALCONY. UNIT IS NEWLY PAINTED WITH BRAND NEW CARPETING IN MASTER BEDROOM. CERAMIC TILES IN REST OF THE UNIT. FULL SERVICE BUILDING WITH DOORMAN, BEAUTIFUL BAYSIDE POOL AREA, JACUZZI AND BARBQ PATIO. GYM, ASSIGNED PARKING + GUESTS. THIS BUILDING IS LOCATED MINUTES TO BEACH. THIS UNIT RENTED ON MA

Sq Ft
Bedrooms2
Full Bathrooms2
Half Bathrooms0
Maintenance Charge/Month0
Maintenance IncludesHot Water,Parking
Carport Spaces
Garage Spaces1
Pets AllowedYes
Pet RestrictionsMore Than 20 Lbs
High School
Middle School
Elementary School
MLS NumberA10229968
Virtual Tourhttp://www.propertypanorama.com/instaview/mia/A10229968
Verified09/20/2017 01:31am


Contact Sue for additional details
  • Email:
  • Phone: (321) 453 7389
  • Property ID: 13884713

Please quote reference number: when you call or email


Listing provided by Trump International Realty. Copyright 2017 Multiple Listing Service of South East Florida and Miami Association of Realtors. All rights reserved.

1881 79 St Cswy 1006 is a 1,274 sq ft Condominium in North Bay Village. It was built in 2006. In 2014 similar properties sold for between $203,370 and $413,450. We estimate the income value of 1881 79 St Cswy 1006 at $8,800. The assumptions we used to calculate this value are include in the spreadsheet linked below. North Bay Village is in Miami Dade County, Florida.

1881 79 St Cswy 1006 Property Summary

1881 79 St Cswy 1006
North Bay Village
FL 33141

Property Size:1,274 sq ft
Year Built:2006
Property Class:B3
Lat, Long: 26.844, -80.105
Estimated Value: 1881 79 St Cswy 1006

Market Data

In 2014 class A condominium properties in North Bay Village sold for $449.75 to 998.62 per sq ft with a median price per sq ft of $579.58. Class B properties sold for $221.22 to 449.74 per sq ft with a median of $316.89 and class C properties sold for $10.17 to 221.21 per sq ft with a median of $185.98.

Market Valuation

1881 79 St Cswy 1006 appears to be a B Class property. Suggested value: $291,320

HighMedianLow
Value413,450 291,320 203,370

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $8,800. Details of how we produced this estimate value appear below:

The income value of a property identifies its value as a rental property, Value = Rent - Expenses / Cap Rate. The following table shows four different rent estimates for 1881 79 St Cswy 1006:

  • The Household Income estimate assumes the tenant has a total household income of $43,061 and spends 35% of this on rent. The household income estimate is derived from census data and tax records.
  • The Household Income - Renters estimate performs a similar calculation based on the household income of renters rather than all households.
  • The Market Rents estimate evaluates this property in comparison to rental properties in the area.
  • The Price/Ft estimate uses the size of the property to estimate its rent.

Click on a rent value to download a spreadsheet that estimates the NOI (net operating income), cash on cash return, income value and IRR (internal rate of return) for this property.

Valuation ModelMonthly Rent
Household Income - All Households $1,256
Household Income - Renters $892
Market Rents $816
Price/Ft $1,200

Expense Estimates:

  • Census data records show 7% of the rental properties in this area are vacant. We've added a 5% bad dept allowance to this.
  • Maintenance costs are estimated based on the size of the property.
  • The property tax estimate uses the average millage rate for the county. It does not include adjustments for city or unincorporated areas. Actual taxes may vary.
  • Insurance estimates are based on the size and location of the property. They are not adjusted for age, flood zone or other risk factors
  • We don't have a way to estimate HOA fees. These should be added manually

The following table shows a income valuation estimate for 1881 79 St Cswy 1006. Download a spreadsheet or click on the Estimate Cashflow link to change its estimates and assumptions. Alternatively, click on the Save button to upload a copy of the spreadsheet to Google Drive.

Amount
Monthly Rent816
Annual Rent per Sq Ft8.00
Gross Annual Rent9,793
Vacancies and Bad Debt12%
Vacancies and Bad Debt Amount1,175
Maintenance662
HOA, Utilities and CAM0
Property Taxes5,106
Insurance1,255
Management Fees979
NOI616
Cap Rate7
Estimated Value8,800
Edit Values and Estimate Cashflow Estimate Cashflow
Save to Google Drive (Google login required)

Page 1 of 2. Click on the Estimate Cashflow link to navigate to Page 2.

Search County Property Tax and Court Records

Select a county from the list then click on the links to connect to the Property Appraiser or Clerk of Courts website

Local Household Income

The median household income in this part of Florida is $51,244. The bottom 10% of the population earn less than $14,115 per year. The top 10% earn more than $176,321 per year. The top 1% earn more than $695,784 per year. Most renters earn between $28,044 (20th percentile) and $55,728 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $102,488 and $128,110.

The tax assessed value of this property places it in percentile 43 of all properties in this area. This suggests it would appeal to someone earning around $43,061 per year who should qualify for a mortgage between $86,122 and $107,653.

Source: US Census American Community Survey - 2008-2012 ACS 5-year PUMS estimates

Local Rents

The median monthly rent in this part of Florida is $1,035. Most renters earn between $2,337 and $4,644 per month. They typically spend 35% of their monthly income on rent. Most rents fall in the $717 (20th percentile) to $1,527 (80th percentile) range. The residential vacancy rate is 7%.

This property falls in percentile 43 of all properties in this area. This corresponds to a rent of $967 per month and a monthly household income of $2,955 ($35,460 per year)

Links

  1. 1881 79 St Cswy 1006, North Bay Village, FL on Zillow
  2. Recent Sales near 1881 79 St Cswy 1006, North Bay Village, FL on Realtor.com
  3. 1881 79 St Cswy 1006, North Bay Village, FL on Google Maps
  4. 1881 79 St Cswy 1006 Walkscore
  5. North Bay Village, FL Property Values on Trulia
  6. Search for EPA and DEP Cleanup Sites

Owner Details

Companies near this Address

  1. Alonfam Inc. (1440 79 Street Cswy)
  2. Irina Spa LLC (874 West 79place)
  3. President Supermarket No. 32, Inc. (1600 Ne 79 Street Cswy)
  4. Sky Light Removal Services LLC (1398 Nw 79 St Lot A100-B)
  5. Arcadia America Inc. (2011 Nw 79 Ave Jbc)
  6. Brink Best Investments Inc (1440 79 Street Cswy)
  7. Pilome Engineering, Inc. (2739 West 79 Street Suit 13)
  8. Global Sc LLC (9605 Nw 79th Ave Suite # 16)
  9. Casa Alfa Export, Inc. (1733 Nw 79th Ave Unit Ce 188)
  10. F&F Auto Sales & General Mechanic Co. (9695 Nw 79ave Bay #34-35)
  11. Cms Marble, Inc. (1865 -79 St Cswy)
  12. Buy Goal Coffee, LLC (1406 79 Street Cswy)
  13. Protech Of America, LLC (1406 79 Street Cswy)
  14. Xix Holdings, LLC (1865 79 St Cswy)
  15. Sabajanes Auto Shop, Inc (9550 Nw 79 Ave Bay 24)
  16. Centro De Avivamiento Fundamento De Dios, Inc. (7320 Nw 79 Terra)
  17. Gino'S Martial Arts & Sports LLC (9550 Nw 79 Ave Unit 1 And 2)
  18. Aj'S Gourmet LLC (1881 79st Cswy)
  19. Nicholas. Orain. Williams Marketing Group LLC (1881 79th Cswy)
  20. Eden Feliz Inc (1440 79 Street Cswy)
  21. Epr Solutions, LLC (1666 79 St Causeway Ste 702)
  22. Amerishirt, Corp. (2699 W 79 St Bay 7)
  23. Rpm Control LLC (7900 Sw 79th Terra)
  24. Paolo Pasta, LLC (1770 79 Street Cswy)
  25. A & M Technologies Corporation (5141 Nw 79 Ave Bay 7)
  26. Restaurants & Beverage Operator Los Cedros LLC (1666 79 St Cswy)
  27. Billboards Arts Academy LLC (4470 Nw 79th Ave #2 B)
  28. Ram'S Cargo Brokers, Inc. (3900 Nw 79 Aveste430)
  29. Puerto Padre Auto Sales, Inc. (9695 Nw 79 Ave Bay 1-2)
  30. Dactilarte Corp. (2500 Nw 79 Avebue)
  31. Dana K. Rosenberg, P.A. (11496 Nw 79 Manor)
  32. Grupo Lpm 16, C.A Corp (3900 Nw 79th Av Sui 737)
  33. Luxury Island Properties, LLC (1770 79 Street Cswy)
  34. Leonardo David Schiaffino, P.A. (1770 79 Street Cswy)
  35. Diaz Pino Delivery Inc (1865 79st Causeway Apt Ph-E)
  36. Pro Master Collision LLC (9550 Nw 79th Ave Bay# 23)
  37. Ruben Jimenez, P.A. (1881 79 Street Cswy)
  38. Osprey Lake Ventures, Inc. (11244 Nw 79 Manor)
  39. Los Chamos Miami LLC (1625 79th Cswy)
  40. Dough & Pastries, Inc. (1865-79 St Cswy #3j)
  41. Economic Karmirald Corp (2500 Nw 79 Avenida)
  42. General Healthcare Of Palm Beach Inc (3900 Nw 79 Ave Suite # 704)
  43. Sharanam Yoga LLC (1865 79st Cswy)
  44. Joseph Greco Garden Inc (1780 79 St Cswy)
  45. Excel Public Adjusters, Inc. (4134 Northwest 79th Avenue Suite #1-D)
  46. Bdd Usa Inc (1881 79st Cswy)
  47. Movie Medics Inc (11044 Sw 79 Path)
  48. The Bridgewater Tower Condominium Association, Inc. (1881 79 Street Csway)
  49. Cff 2020ne135 LLC (1865 79 St Cswy)
  50. Exploring Hand Therapy Corporation (1184 79th South St)
  51. Patricia Bravo, M.D., P.A. (1440 79 St Cswy)
  52. A & B Vent Corp. (1865 79th St Cswy)
  53. Lab Communications Group LLC (1865 79 St Csway)
  54. F-M-C Furniture, Inc. (9695 Nw 79 Ave B #44)
  55. Exados Inc (1440 79 Street Cswy #1406)
  56. One Ocean Realty, LLC (1881 79 Street Cswy)
  57. Cristal 214 LLC (11491 Nw 79 Line)
  58. North Bay White House Association, No. 2, Inc. (1770 79 St Cswy)
  59. North Bay White House Association No. 1, Inc. (1770 79 St Cswy)
  60. North Bay White House Association No. 3, Inc. (1770 79 St Cswy)
  61. Da Silva Group & Associates LLC (9100 Nw 79th Ave Bay 7)
  62. Myc Communications Inc (2500 Nw 79ave)
  63. Oc Import Export Inc (2500 Nw 79ave)
  64. Auto Mecanica Asiatica Inc (2500 Nw 79ave)
  65. Rodriguez Auto Transport Corp. (4300 Nw 79 Avenue G-1)
  66. Doral Medicine Associates, Inc. (3900 Nw 79th Aenue)
  67. Atal Prop., Inc, (1865 79 St Cswy)
  68. Aeromotors Consulting Corp (19951 Nw 79 Av Hialeah)
  69. Marcami LLC (1881 79th Ca)
  70. A3 Systems LLC (11568 Nw 79 Manor)
  71. Ink Castle, LLC. (3015 Nw 79 Street Booth B-45)
  72. Bream, Inc. (1872 79 St Cswy)
  73. Ollicram LLC (1881 79th Csw #1403)
  74. M.A.P. Iii Enterprises Inc. (15953 Nw 79pl)
  75. Searite Boat Refurbishing, Inc. (213 2nd Ln)
  76. F. E. Crissman Enterprises, Inc. (420 4th Ln)

Sales History

DateSold BySold ToDeed TypePrice
12/01/2014 Not Recorded Buyer: 10220289 Unknown 285,000.00
Disclaimers and Disclosures

Public Records Data

The information on this page was compiled from public records. It is deemed reliable but not guaranteed to be an accurate snapshot of the property details at the time the snapshot was taken. All information should be independently verified.

The Visulate site was produced from data and information compiled from recorded documents and/or outside public and private sources. Visulate is not the custodian of public records and does not assume responsibility for errors or omissions in the data it displays or for its misuse by any individual.

In the event of either error or omission, Visulate and any 3rd party data provider shall be held harmless from any damages arising from the use of records displayed on the site.

MLS Data

Visulate participates in My Flordia Regional, South East Florida MLS and the Brevard County Broker Reciprocity programs, allowing us to display other broker's listings on our site. Listing data supplied by other brokers is deemed reliable but not guaranteed. It is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties to buy, lease or rent.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Programs of My Flordia Regional, South East Florida MLS and Brevard County, Florida. Real estate listings held by brokerage firms other than Visulate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.