A modern 4-bedroom, 4-bathroom home with additional in-law quarters and a living room situated in the center of Miami on the East side of US-1 has been recently renovated. The living space spans over 3,000 square feet and features a Euro-style open kitchen with bar seating for 6, white quartz countertops, a cooktop island with a stainless steel hood, and a wall oven. The polished terrazzo floors, vaulted beamed ceiling, and remodeled bathrooms give the house a stylish finish. The house also includes high-tech electronics and new impact windows and doors.The almost 12,000 square foot lot offers a large patio, a private backyard with a new pool, hot tub, barbecue, and beautiful landscaping. Upon request, the house can be sold with its furniture
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$6,830
Per Month
Principal & Interest
$6,763
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$4,129
Powered By
Advertisement
NMLS#3030
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
7
/10
Phyllis R. Miller Elementary School
840 NE 87th St
Distance between this listing and this school0.06 miles
Public Magnet Grades PK-5
Middle School
2
/10
Horace Mann Middle School
8950 NW 2nd Ave
Distance between this listing and this school1.30 miles
Public Magnet Grades 6-8
High School
2
/10
Miami Edison Senior High School
6161 NW 5th Ct
Distance between this listing and this school2.20 miles
Public Magnet Grades 9-12
Assigned Schools
7
/10
Phyllis R. Miller Elementary School
840 NE 87th St
Distance between this listing and this school0.06 miles
Public Magnet Grades PK-5
Nearby Schools
6
/10
Miami Shores Elementary School
10351 NE 5th Ave
Distance between this listing and this school1.11 miles
Public District Grades PK-5
6
/10
Morningside K-8 Academy
6620 NE 5th Ave
Distance between this listing and this school1.35 miles
Public Magnet Grades PK-5
Assigned Schools
2
/10
Horace Mann Middle School
8950 NW 2nd Ave
Distance between this listing and this school1.30 miles
Public Magnet Grades 6-8
Nearby Schools
3
/10
Aspira Raul Arnaldo Martinez Charter School
13300 Memorial Hwy
Distance between this listing and this school3.01 miles
Public Charter Grades 6-8
3
/10
North Miami Middle School
700 NE 137th St
Distance between this listing and this school3.11 miles
Public Magnet Grades 6-8
Assigned Schools
2
/10
Miami Edison Senior High School
6161 NW 5th Ct
Distance between this listing and this school2.20 miles
Public Magnet Grades 9-12
Nearby Schools
8
/10
Doctors Charter School of Miami Shores
11301 NW 5th Ave
Distance between this listing and this school2.20 miles
Public Charter Grades 6-12
3
/10
Miami Northwestern Senior High School
1100 NW 71st St
Distance between this listing and this school2.35 miles
The neighbors living near this home have an average income of $34,375. Most Miami, FL residents have annual incomes less than $35k. The majority of families are 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 787 NE 87th St
What is the listing price of this property?
The listing price of 787 NE 87th St property is $1,355,000.
What type of property is this?
The property 787 NE 87th St is a house located in Miami, Florida, 33138.
Is this property for sale now?
Active Listing: 787 NE 87th St is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 787 NE 87th St are: Phyllis R. Miller Elementary School: GreatSchools Rating 7/10Horace Mann Middle School: GreatSchools Rating 2/10Miami Edison Senior High School: GreatSchools Rating 2/10
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $10,130 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 787 NE 87th St has 5 bedrooms and 4 bathrooms.
What is the square footage of this property?
The property 787 NE 87th St is 3,083 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 787 NE 87th St is 1955.
This home is located at 787 NE 87th St in Miami, FL and zip code 33138 in the North Bayfront neighborhood. This 3,083 square foot home was built in 1955. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since January 25, 2024 and is currently priced at $1,355,000.
Over 115 listings were sold over their listed price in March 2024 in Miami, FL. In the same period over 619 listings were sold below the listed price and 149 listings were sold for the listed price. The number of homes for sale in Miami, FL increased by 9.1% between February 2024 and March 2024. The median list price of listings available in March 2024 was $540,091, while the average time on the real estate market was 59 days.
From Rocket Homes Real Estate and based on county public records data.