For Sale - 1881 79 St Cswy 705, $297,000

EXQUISITE WATER FRONT 2 BEDROOM HIGHRISE CONDO LOCATED ON THE PRESTIGIOUS VILLAGE OF NORTH BAY WITH STUNNING WRAP AROUND BALCON

NEWLY PAINTED EXQUISITE WATER FRONT 2 BEDROOM HIGHRISE CONDO LOCATED ON THE PRESTIGIOUS VILLAGE OF NORTH BAY WITH STUNNING WRAP AROUND BALCONIES TO THE MIAMI SKYLINE AND BAY. PROPERTY IS VACANT AND EASY TO SHOW ON LOCKBOX!

Sq Ft1171
Bedrooms2
Full Bathrooms2
Half Bathrooms0
Maintenance Charge/Month0
Maintenance IncludesAll Amenities
Carport Spaces
Garage Spaces1
Pets AllowedYes
Pet RestrictionsNone
High School
Middle School
Elementary School
MLS NumberA10121076
Virtual Tourhttp://www.propertypanorama.com/instaview/mia/A10121076
Verified09/26/2017 01:31am


Contact Sue for additional details
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  • Phone: (321) 453 7389
  • Property ID: 14027149

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

1881 79 St Cswy 705 is a 1,171 sq ft Condominium in North Bay Village. It was built in 2006. In 2014 similar properties sold for between $186,928 and $380,024. We estimate the income value of 1881 79 St Cswy 705 at $9,686. 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 705 Property Summary

1881 79 St Cswy 705
North Bay Village
FL 33141

Property Size:1,171 sq ft
Year Built:2006
Property Class:B3
Lat, Long: 26.844, -80.105
Estimated Value: 1881 79 St Cswy 705

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 705 appears to be a B Class property. Suggested value: $267,767

HighMedianLow
Value380,024 267,767 186,928

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $9,686. 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 705:

  • The Household Income estimate assumes the tenant has a total household income of $41,712 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 $1,217
Household Income - Renters $886
Market Rents $806
Price/Ft $1,000

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 705. 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 Rent806
Annual Rent per Sq Ft8.00
Gross Annual Rent9,672
Vacancies and Bad Debt12%
Vacancies and Bad Debt Amount1,161
Maintenance609
HOA, Utilities and CAM0
Property Taxes5,103
Insurance1,154
Management Fees967
NOI678
Cap Rate7
Estimated Value9,686
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 42 of all properties in this area. This suggests it would appeal to someone earning around $41,712 per year who should qualify for a mortgage between $83,424 and $104,280.

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 42 of all properties in this area. This corresponds to a rent of $960 per month and a monthly household income of $2,931 ($35,172 per year)

Links

  1. 1881 79 St Cswy 705, North Bay Village, FL on Zillow
  2. Recent Sales near 1881 79 St Cswy 705, North Bay Village, FL on Realtor.com
  3. 1881 79 St Cswy 705, North Bay Village, FL on Google Maps
  4. 1881 79 St Cswy 705 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. Grupo Lpm 16, C.A Corp (3900 Nw 79th Av Sui 737)
  2. Fmcgroup, LLC (4200 Nw 79ave 2b)
  3. Dactilarte Corp. (2500 Nw 79 Avebue)
  4. Dana K. Rosenberg, P.A. (11496 Nw 79 Manor)
  5. Restaurants & Beverage Operator Los Cedros LLC (1666 79 St Cswy)
  6. Rpm Control LLC (7900 Sw 79th Terra)
  7. Ram'S Cargo Brokers, Inc. (3900 Nw 79 Aveste430)
  8. Luxury Island Properties, LLC (1770 79 Street Cswy)
  9. Leonardo David Schiaffino, P.A. (1770 79 Street Cswy)
  10. Diaz Pino Delivery Inc (1865 79st Causeway Apt Ph-E)
  11. Pro Master Collision LLC (9550 Nw 79th Ave Bay# 23)
  12. A & M Technologies Corporation (5141 Nw 79 Ave Bay 7)
  13. Paolo Pasta, LLC (1770 79 Street Cswy)
  14. Puerto Padre Auto Sales, Inc. (9695 Nw 79 Ave Bay 1-2)
  15. Billboards Arts Academy LLC (4470 Nw 79th Ave #2 B)
  16. Wfg Office Building, LLC (845 Ne 79th Streeet)
  17. Big M Tires LLC (512 79th Terrance N)
  18. Condor Real Estate LLC (3900 Nw 79 Ave Suite)
  19. Power Team Management, LLC (1700 79 Street Cswy)
  20. Exploring Hand Therapy Corporation (1184 79th South St)
  21. Da Silva Group & Associates LLC (9100 Nw 79th Ave Bay 7)
  22. Billboard Arts Academy Corp (4470 Nw 79th Ave #2 B)
  23. Excel Public Adjusters, Inc. (4134 Northwest 79th Avenue Suite #1-D)
  24. Patricia Bravo, M.D., P.A. (1440 79 St Cswy)
  25. Movie Medics Inc (11044 Sw 79 Path)
  26. Karen Peart Scholarship Foundation, Inc. (12580 Nw 79 Manor)
  27. North Bay White House Association, No. 2, Inc. (1770 79 St Cswy)
  28. North Bay White House Association No. 1, Inc. (1770 79 St Cswy)
  29. North Bay White House Association No. 3, Inc. (1770 79 St Cswy)
  30. R & C Integrated Services LLC (1876 79st Cswy)
  31. The Bridgewater Tower Condominium Association, Inc. (1881 79 Street Csway)
  32. Bdd Usa Inc (1881 79st Cswy)
  33. Thumbs Up Pc Repair, LLC (3015 Nw 79th St Booth East 8)
  34. One Ocean Realty, LLC (1881 79 Street Cswy)
  35. Osprey Lake Ventures, Inc. (11244 Nw 79 Manor)
  36. Sharanam Yoga LLC (1865 79st Cswy)
  37. General Healthcare Of Palm Beach Inc (3900 Nw 79 Ave Suite # 704)
  38. A & B Vent Corp. (1865 79th St Cswy)
  39. Exados Inc (1440 79 Street Cswy #1406)
  40. Triware Technology LLC (3900 Nw 79 Av Suite)
  41. Joseph Greco Garden Inc (1780 79 St Cswy)
  42. Cristal 214 LLC (11491 Nw 79 Line)
  43. Lab Communications Group LLC (1865 79 St Csway)
  44. F-M-C Furniture, Inc. (9695 Nw 79 Ave B #44)
  45. Los Chamos Miami LLC (1625 79th Cswy)
  46. Economic Karmirald Corp (2500 Nw 79 Avenida)
  47. Corralenses Inc (1440 79 St Cswy)
  48. Investors 1 Realty, Inc. (1440 79 St Cswy)
  49. Cff 2020ne135 LLC (1865 79 St Cswy)
  50. Ruben Jimenez, P.A. (1881 79 Street Cswy)
  51. Dough & Pastries, Inc. (1865-79 St Cswy #3j)
  52. Abc Body Shop, Corp (9605 Nw 79 Ave Bay 8)
  53. Travertine Miami LLC (3551 Nw 79th Ave)
  54. Stone Miami LLC (3551 Nw 79th Ave)
  55. Amerishirt, Corp. (2699 W 79 St Bay 7)
  56. Xix Holdings, LLC (1865 79 St Cswy)
  57. Epr Solutions, LLC (1666 79 St Causeway Ste 702)
  58. Centro De Avivamiento Fundamento De Dios, Inc. (7320 Nw 79 Terra)
  59. Eden Feliz Inc (1440 79 Street Cswy)
  60. Nicholas. Orain. Williams Marketing Group LLC (1881 79th Cswy)
  61. Arcadia America Inc. (2011 Nw 79 Ave Jbc)
  62. Gino'S Martial Arts & Sports LLC (9550 Nw 79 Ave Unit 1 And 2)
  63. Cms Marble, Inc. (1865 -79 St Cswy)
  64. Sabajanes Auto Shop, Inc (9550 Nw 79 Ave Bay 24)
  65. Mary'S & Son'S Car Wash LLC (19530 Nw 79pl)
  66. F&F Auto Sales & General Mechanic Co. (9695 Nw 79ave Bay #34-35)
  67. Brink Best Investments Inc (1440 79 Street Cswy)
  68. Buy Goal Coffee, LLC (1406 79 Street Cswy)
  69. Protech Of America, LLC (1406 79 Street Cswy)
  70. Aj'S Gourmet LLC (1881 79st Cswy)
  71. President Supermarket No. 32, Inc. (1600 Ne 79 Street Cswy)
  72. Sky Light Removal Services LLC (1398 Nw 79 St Lot A100-B)
  73. Global Sc LLC (9605 Nw 79th Ave Suite # 16)
  74. Casa Alfa Export, Inc. (1733 Nw 79th Ave Unit Ce 188)
  75. National Transport Management & Holding Company, Inc (2500 Nw 79 Ave #232)
  76. Alonfam Inc. (1440 79 Street Cswy)
  77. Insyst Solutions Inc (2980 Nw 79th St Lote C 322)
  78. Pilome Engineering, Inc. (2739 West 79 Street Suit 13)
  79. Irina Spa LLC (874 West 79place)
  80. Efflux Corp (1800 79th Cswy A107)
  81. Myc Communications Inc (2500 Nw 79ave)
  82. Oc Import Export Inc (2500 Nw 79ave)
  83. Auto Mecanica Asiatica Inc (2500 Nw 79ave)
  84. Rodriguez Auto Transport Corp. (4300 Nw 79 Avenue G-1)
  85. Doral Medicine Associates, Inc. (3900 Nw 79th Aenue)
  86. Atal Prop., Inc, (1865 79 St Cswy)
  87. Aeromotors Consulting Corp (19951 Nw 79 Av Hialeah)
  88. Marcami LLC (1881 79th Ca)
  89. A3 Systems LLC (11568 Nw 79 Manor)
  90. Bream, Inc. (1872 79 St Cswy)
  91. Ollicram LLC (1881 79th Csw #1403)
  92. Ink Castle, LLC. (3015 Nw 79 Street Booth B-45)
  93. M.A.P. Iii Enterprises Inc. (15953 Nw 79pl)
  94. Searite Boat Refurbishing, Inc. (213 2nd Ln)
  95. F. E. Crissman Enterprises, Inc. (420 4th Ln)

Sales History

DateSold BySold ToDeed TypePrice
10/01/2010 Not Recorded Buyer: 6738297 Unknown 135,300.00
03/01/2011 Not Recorded Buyer: 6738297 Unknown 188,500.00
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.