1001 Bay Drive

1001 Bay Drive has been categorized by the local assessors in Miami Beach, FL as a residential type of property. The building on the property was first built in 1956 and is 68 years old. However, we must point out that the home was most recently renovated and altered in 1986. The home has a total of 9 bedrooms. Residents will have access to 9 full bathrooms. There are 9 partial bathrooms in the home. The building has a total of 2 stories. In addition, 1001 Bay Drive has 6,120 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,400 ft and across the front of the lot is 500 ft. The area measurement of the land has been determined as 7,000 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a multifamily style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Residents will have the luxury of enjoying a unknown. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with concrete block control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of A by the local assessor. The building has a gable or hip style roof made of tile. The exterior walls of the building are made of stucco. The inside of the home is being cooled with air conditioning at the moment. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1001 Bay Drive was last sold in Jun 30, 2021 for $1,540,000. According to our calculations, that's $251.63 per sqft. Prior to that sales transaction, the property was sold for $910,000 in May 30, 2014. Current property owners are expected to pay $21,300 in taxes per year. The property on 1001 Bay Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $1,127,204. To break that down further, the land itself was valued at $700,000. While improvements to the property were assessed at a total of $427,204. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.