by RH Advisors

Check Availability
$1,190,000
↓ $72K (5.7%)
House - For Sale

7505 Bounty Ave

North Bay Village, FL 33141
bedrooms
5 Beds
bathrooms
3 Baths
square feet
2613 Sqft
$6,661
Estimated Monthly
$0
HOA / Fees
15.31%
Cap Rate

About This Property

Best price per square foot on the island! Amazing opportunity for buyers to create their dream home, across Bayfront multimillion dollar properties, on an island that is experiencing early growth. Discover the thriving North Bay Village, Treasure Island, just 5 minutes away from prestigious Normandy Island. Currently undergoing massive growth fueled by public and private developments, including luxury and extra luxury buildings (among them is a 7.3 Million Square Foot Development Project Featuring 1,936 Residential Units), a bayfront walkway, High end restaurants like Benihana, a dog park, and more. Invest in this enchanting island paradise, the future of luxury.
Unit Size
2,613Ft²
Days on Market
90 days
Land Size
0.16 acres
Price per sqft
$455
Property Type
House
Property Taxes
$817
HOA Dues
-
Year Built
1951

Listed By

Sarai Torrealba
Great Properties International LLC
Last updated: 22 days ago (Miami MLS #A11530033)

Price History

Date / Event Date Event Price
Apr 16, 2024 Price Decreased $1,190,000
↓ $72K (5.7%)
Price Decreased
Feb 8, 2024 Listed by Great Properties International LLC $1,262,000
Listed by Great Properties International LLC

Property Highlights

Parking Available
Air Conditioning
Parking Details
Has Open Parking
Parking Features: Driveway, Other, On Street
Interior Details

Bathroom Information

Full Bathrooms: 3
Master Bathroom Features: Dual Sinks, Separate Tub & Shower

Bedroom Information

Bedrooms: 5
Bedroom Features: At Least 1 Bedroom Ground Level, Entry Level, Primary Bath Shower, Primary Bath Tub

Interior Information

Interior Features: First Floor Entry, Other, Pantry
Appliances: Dishwasher, Dryer, Microwave, Other Equipment/Appliances, Electric Range, Refrigerator, Wall Oven, Washer
Flooring Type: Other

Room Information

Dining Room Features: Breakfast Area, Dining/Living Room, Eat-In Kitchen
Living Room Features: Other

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1984
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Construction Type: Concrete block
  • Exterior Walls Type: Combination
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,840
  • Lot Size Depth Feet: 1,140
  • Lot Size Frontage Feet: 600
  • Total Building Area: 2,678
  • Gross Building Area: 2,678
  • Building Area: 2,613
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,613
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TREASURE ISLAND
  • Land Acres: 0.157
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TREASURE ISLAND PB 50-67 LOT 14 BLK 3 LOT SIZE SITE VALUE OR 19419-3113 12 2000 1 COC 26159-2360 04 2006 1

Ownership

  • Current Owner : HERRERA ROMULO
  • Previous Owner : GALAZZI GIUSEPPE
  • Previous Owner 2: LEVY LAUREN
  • Owner Before Previous Owner: LOUIS COLEMAN LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: NORTH BAY VIL
  • Census Tract: 003917

Zoning

  • Zoning: 0600

Geography

  • Assessors Map Reference: 170
  • District: 23
  • Parcel: 23-3209-009-0900
  • Block: 3
  • Lot: 14
  • Meridian: SEC 09 TWN 53S RNG 42E
  • Municipality: NORTH BAY VILLAGE
  • Latitude: 25.8449
  • Longitude: -80.1528

    Address

  • Full Address: 7505 Bounty Ave
  • Address - House Number: 7505
  • Address - Street Name: Bounty
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: North Bay Village
  • Carrier Code: C006
  • 4-Digit Zip Code: 4109
  • Zip Code: 33141

Valuation

    Tax

  • Total Area: 2,428
  • Tax Year: 2023
  • Tax Amount: $9,806
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: 2300

    Appraisal Valuation

  • Standard Deviation: 0.0939
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 91
  • Final Value: 1,199,681
  • High Value: 1,312,374
  • Low Value: 1,086,989

    Market Valuation

  • Market Total Value: $718,661
  • Market Land Value: $499,234
  • Market Improvement Value: $219,427

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $486,893

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 01, 2015
  • Current Sale Recording Date: Aug 24, 2015
  • Current Sale Transaction ID: 1289892826
  • Current Sale Price: $550,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2015R0544044
  • Previous Sale Recording Date: Nov 10, 2011
  • Previous Sale Contract Date: Nov 03, 2011
  • Previous Sale Amount: $317,000
  • Previous Sale Document Type: Special Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Nov 10, 2011
  • Previous Mortgage Loan Amount: $250,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Dec 01, 2041

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
5 Beds
6 Baths
1,679 ft²
$655/ft²
$1,100,000 Feb 28, 2023
$1,100,000 Jan 2, 2024
$1,406/mo
House
4 Beds
3 Baths
2,332 ft²
$536/ft²
$1,250,000 Jun 26, 2023
$1,250,000 Jan 8, 2024
$982/mo
House
4 Beds
3 Baths
1,999 ft²
$600/ft²
$1,200,000 Jun 27, 2023
$1,200,000 Feb 14, 2024
$1,268/mo
House
4 Beds
3 Baths
1,538 ft²
$834/ft²
$1,282,500 Sep 7, 2023
$1,282,500 Feb 8, 2024
$849/mo
Condo
3 Beds
4 Baths
2,498 ft²
$466/ft²
$1,164,000 Aug 1, 2023
$1,164,000 Oct 26, 2023
$5,005/mo
House
3 Beds
2 Baths
1,702 ft²
$617/ft²
$1,050,000 Jan 20, 2023
$1,050,000 Sep 22, 2023
$935/mo
House
4 Beds
3 Baths
2,253 ft²
$559/ft²
$1,259,000 Oct 18, 2023
-
$210/mo
House
4 Beds
3 Baths
1,807 ft²
$717/ft²
$1,295,000 Aug 26, 2023
-
$419/mo
House
3 Beds
2 Baths
1,798 ft²
$667/ft²
$1,200,000 Oct 10, 2023
-
$398/mo
Condo
3 Beds
2 Baths
1,443 ft²
$925/ft²
$1,335,000 Nov 27, 2023
-
-
Condo
3 Beds
2 Baths
1,443 ft²
$1,001/ft²
$1,445,000 Nov 27, 2023
-
-
Condo
2 Beds
2 Baths
1,203 ft²
$998/ft²
$1,200,000 Nov 27, 2023
-
-

About North Bay Village


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Frequently Asked Questions

When was property at 7505 Bounty Avenue built and last sold?
The property at 7505 Bounty Avenue was built in 1951 and last sold on Aug 1, 2015 for $550,000.
How much is this home worth?
The estimated value of the home located at 7505 Bounty Avenue is $1,274,620.
What are some comparable homes to 7505 Bounty Avenue?
Homes that are comparable to 7505 Bounty Avenue include a house property at 7525 Adventure Avenue, 7513 Bounty Avenue, 7504 Jewel Avenue.

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