1425 Bay Road

1425 Bay Road in Miami Beach, FL was first built in 1947 and is 79 years old. This has been categorized as a property type. There are a total of 100 floors. There are a total of 0 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 1425 Bay Road has 1,156 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 6,000 square feet.

Learn more about the property and building on this page. There is a . Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with control joints. The quality of the control joints have been graded by the local assessor with a letter grade of . The exterior walls of the home are made of . We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1425 Bay Road sold most recently in Sep 11, 2023 for a total of $2,695,000. If you work out the math, that's approximately a cost of $1,626.43 per sqft. Before that, the property was also sold for $2,150,000 in Jun 3, 2022. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $3,255,523 in taxes each year. 1425 Bay Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,722,800. If we break it down further, the land itself was valued at $1,710,000. Improvements to the property, however, were assessed at a total of $12,800. The property's total market value has been marked the same as the total assessed value which is pretty typical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.