27 days on rocket

398 NE 5th St Unit 3901, Miami, FL, 33132

$1,400,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
3 Full Baths
1,150 SqFt
$1,217/SqFt
Condo
Schools Nearby

Location

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398 NE 5th St Unit 3901, Miami$1,400,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAttached, Garage, Valet
Attached Garage1 space
Year BuiltNew Const., 2022
HeatingCentral
CoolingCentral Air
WaterfrontBay Front
ViewBay, City
MLS #A11562334
StatusActive

About 398 NE 5th St Unit 3901

Welcome to The Elser Hotel & Residences Miami! This corner unit offers spacious living with 3 bedrooms and 3 bathrooms, ready to generate income from day one! Situated in the heart of Downtown Miami, this unit is ideal for both investors and end-users. Within close proximity to world-class entertainment, arts, and restaurants, this unit offers a dynamic and vibrant lifestyle complemented by breathtaking views of Biscayne Bay and Miami. There are no other units on the market with these views! At The Elser, you will discover a range of carefully curated amenities designed for leisure, rejuvenation, and creativity. This fully furnished residence boasts 9'2" ceilings throughout, floor-to-ceiling windows, an Ecobee smart thermostat, and a smart keyless entry system.

Property Details

Property Features

Property Information:

  • Architectural Style: High Rise
  • Year Built: 2022
  • Living Area: 1,150 SqFt

Listing Office:

  • Office Name: The One Realty Group, LLC.
  • Office Phone: (305) 305-0972
  • Listing Agent: Edwin Meza Ayala

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer
  • Flooring Type: Tile
  • Interior: Bedroom on Main Level, Closet Cabinetry, Living/Dining Room, Skylights, Elevator, Bar

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Waterfront: Bay Front
  • View: Bay, City
  • Exterior: Barbecue, Deck, Security/High Impact Doors

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: Yes
  • Parking: Attached, Garage, Valet

Virtual/3D Tour

  • Virtual Tour: 398 NE 5th St Unit 3901

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Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Booker T. Washington Senior High School, Public Magnet Grades 9-12
  • Jose De Diego Middle School, Public District Grades 6-8
  • Frederick R. Douglass Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: Use GPS.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,400,000
  • Price Per SqFt: $1,217/SqFt

HOA Fees:

  • Amount: $1200
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in Miami, FL.

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Miami, FL

City

Med. Sold Price

$540K

Med. Price/SqFt

$380

Avg. Days On Market

59

# of Sold Homes

883

398 NE 5th St Unit 3901 vs Miami

27 DAYS ON ROCKET

-32 Days

$1,400,000

+$859.9K More

$1,217/SqFt

+$837 More

KEY TAKEAWAY

This property is $859.9K more than the Median Sold Price and $837/SqFt more than other homes in Miami, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11562334

Listing Office:

  • Office Name: The One Realty Group, LLC.
  • Office Phone: (305) 305-0972
  • Listing Agent: Edwin Meza Ayala

IDX © 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/1/2024, 12:55:14 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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$8,255

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,264

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4007851
2
/10

  • Frederick R. Douglass Elementary School

  • 314 NW 12th St

  • 0.86 miles

  • Public District Grades PK-5

Middle School

school-card-donut-4007852
1
/10

  • Jose De Diego Middle School

  • 3100 NW 5th Ave

  • 2.07 miles

  • Public District Grades 6-8

High School

school-card-donut-4007853
3
/10

  • Booker T. Washington Senior High School

  • 1200 NW 6th Ave

  • 1.10 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $21,792. Most Miami, FL residents have annual incomes less than $35k. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 398 NE 5th St Unit 3901

What is the listing price of this property?

The listing price of 398 NE 5th St Unit 3901 property is $1,400,000.

What type of property is this?

The property 398 NE 5th St Unit 3901 is a condo located in Miami, Florida, 33132.

Is this property for sale now?

Active Listing: 398 NE 5th St Unit 3901 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 398 NE 5th St Unit 3901 are:
Frederick R. Douglass Elementary School: GreatSchools Rating 2/10
Jose De Diego Middle School: GreatSchools Rating 1/10
Booker T. Washington Senior High School: GreatSchools Rating 3/10

How many bedrooms and bathrooms does this property have?

The property at 398 NE 5th St Unit 3901 has 3 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 398 NE 5th St Unit 3901 is 1,150 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 398 NE 5th St Unit 3901 is 2022.

Rocket Homes›Florida›Miami-Dade County›Miami›33132›398 NE 5th St Unit 3901

This home is located at 398 NE 5th St Unit 3901 in Miami, FL and zip code 33132 in the Downtown neighborhood. This 1,150 square foot home was built in 2022. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since April 03, 2024 and is currently priced at $1,400,000.

While more than 115 listings in Miami, FL in March 2024 were sold above asking price, there were more than 149 listings sold at asking price, and more than 619 were sold below. In March 2024 in Miami, FL there were 9.1% more homes for sale than in February 2024. In March 2024, listings were on the market for 59 days. During the same period, the median list price in this real estate market was $540,091.

From Rocket Homes Real Estate and based on county public records data.

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