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Updated about 8 years ago on . Most recent reply

User Stats

98
Posts
20
Votes
Danny N.
  • FLL
20
Votes |
98
Posts

Help Me Value My Condo For Sale Based Off New Comp

Danny N.
  • FLL
Posted

So I wasn't thinking of selling but now due to a recent sale in the building Im interested. It is my condo in miami had never had an 820 sq ft unit sell for over $530,000 coming into last summer. Yesterday one closed for $635,000 on the lowest floor without a view at all, it had a modest 250 sq ft terrace that only the bottom floor units have. Anyways with that comp in mind now, being that its on the lowest floor and has no view, I have the same floor plan on the top floor with an ocean view, granted its 1 block away from the ocean but you still see the water clearly. Its just weird bc similar units sold for $490k-530k all last year then this guy lists his near $700k and got $635k bc nothing else was available. It blew me away and got me wondering it it was a fluke or if I should sell mine bc the comps have changed completely now

If I wanted to sell it, what would you price that unit at knowing its

1)top floor vs recently sold bottom floor, my balcony is only 40 sq ft, its small 

2)Amazing ocean and City view vs no view

3)otherwise its the same maintenance fees

4)I have 1 parking space, that one had 3 but parking spaces are readily available for $100/mo for whoever wants, none are for sale, rent only, but I dont know what they're worth

Thank you

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