Condo / High-rise home in Miami, FL
Set in Miami, FL, this Condo condo provides 1 bathroom across 632 square feet. Notable features include lake / river / water view and vaulted / high ceilings.
| Price | $350,000 |
|---|
| Baths | 1 |
|---|
| Sqft | 632 |
|---|
| Architectural style | Condo / High-rise (100% match) |
|---|
| Address | 253 NE 2nd Unit 3007, Miami, FL 33132 |
|---|
Why buy this home
- Confirmed Condo / High-rise architecture, matched from the listing photos by Enzo's vision model.
- Features: lake / river / water view, vaulted / high ceilings.
- Links directly to the original source listing on Estately.
Is this a good buy?
Priced below comparable homes.
- At $350K, this home is 39% below the $575K median for 8320 similar Condo / High-rise homes in Miami, FL.
- That works out to $554 per square foot, 1% above the $546 comparable rate.
- On the market 10 days.
| This home | $350,000 |
|---|
| Condo / High-rise median in Miami, FL | $575,000 (8320 homes) |
|---|
| Price per sq ft | $554 vs. $546 comps median |
|---|
It is well below comparable homes, which can mean condition issues, a smaller lot or living area, a leasehold, or a data quirk. Check the source listing before getting excited. Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $2,312/month with 20% down at a 7.28% 30-year fixed rate. You would need about $99,105 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $1,916/mo |
|---|
| Property tax (new-buyer reassessed rate) | $265/mo |
|---|
| Homeowners insurance | $131/mo |
|---|
| Total monthly | $2,312/mo |
|---|
| Down payment (20%) | $70,000 |
|---|
| Income needed | $99,105/yr |
|---|
A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home C- (52 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | C- (52/100) |
|---|
| Beats renting in | 7% of modeled paths |
|---|
| Modeled 5-yr equity (median) | $138,512 |
|---|
| Range (10th to 90th pct) | $74,585 to $213,356 |
|---|
A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward Miami, FL where local data is thin.
Local home values
Typical home values in Miami, FL have risen about 30% over the past 5 years (0% in the last year), per the Zillow Home Value Index. This reflects the metro market, not this specific home.
View this home on Estately