325 Meridian Avenue, Miami Beach FL 33139
Categories: Listings, Miami Beach, Real Estate News
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325 Meridian Av #19 now joins unit #11 being offered for sale in this small, 18 unit complex built in 1994. The complex consists of two similar buildings separated by a tree-lined courtyard. Each of the 18 units have the same floor plans-3BR/2BA/2CAR and all are 3 story townhomes.
Unit #19 is being offered at $595,000, while unit #11 is asking $479,000. The difference is in the details. Unit #19 was recently purchased for $560,000, at which point the owner gutted the property and completed a major renovation. Unit #11 has been owned by the same family for a number of years, and while they have made a few upgrades it is not as finished as unit #19. The owner of unit #19 believes there are $100,000 worth of improvements that a new Buyer can immediately begin to enjoy without having to deal with the financial, construction, permitting, and scheduling problems a renovation project can entail (while you’re paying the mortgage and taxes and maintenance fees). The owner of Unit #11 believes they have a well-priced unit in a desirable, boutique community that a new owner can still comfortably move right into and consider making upgrades in the future.
For comparison, unit #8 sold for $480,000 on April 1, 2009.
