Rare Opportunity: FHA Assumable Mortgage at 3% – Save Potentially $223K!
Welcome to one of the largest lots in the neighborhood! This home sits on a spacious 7,795 sq ft lot—providing ample room for outdoor entertaining, gardening, or future expansion. Best of all, it's not in a flood zone, offering peace of mind and potential insurance savings.
One of the best features of this property is the current FHA assumable mortgage with an incredible 3.0% interest rate. With interest rates currently around 6.2%, this could mean huge savings for qualified buyers. Here's an ESTIMATE when comparing financing $325K (current mortgage):
Monthly Payment (P&I): $1,370 vs. $1,988 ? Save $617/month
Total Interest Paid: $169K vs. $392K ? Save $223K
More yard space and a smarter financial move
Listed by Joao Pires
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License #3479211
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Real Broker LLC
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954-793-6413
Last updated August 24, 2025
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Source: MIAMIRE #A11845994
Listing Facts
TypeSingle-family
NeighborhoodPlayland
Bedrooms3
Bathrooms2
Days on Prevu46
Taxes$5,977/year
Size1,100 sqft
Price per sqft$423
Amenities
Washer/Dryer
Pets Allowed
Air Conditioning
Parking
Location
Mortgage Calculator
Listing History
08/24/2025
Price Decreased
$465,000
07/23/2025
Listed by Real Broker LLC
$500,000
Property Details for 5730 Charleston St
Association
Amenities
Community Features: Public Road
Pets Allowed: More Than 20 Lbs
Exterior
Construction
Roof: Shingle
Structure Type: R30-No Pool/No Water, House
Year Built: 1955
Year Built Details: Effective Year Built
Architectural Style: Attached, One Story
Building Name: PLAYLAND ESTATES SEC 2
Construction Materials: Concrete Block Construction
Features
Direction Faces: North
Fencing: Fenced
Measurements
Building Area Total: 1,210
Building Area Units: Square Feet
Lot Features: Less Than 1/4 Acre Lot
Lot Size Square Feet: 7,795
Lot Size Units: Square Feet
Financial
Taxes
Parcel Number: 514101031550
Tax Annual Amount: $5,977.00
Tax Year: 2025
Interior
Features
Appliances: Dryer, Refrigerator, Washer
Flooring: Wood
Interior Features: First Floor Entry, Garage Converted
Measurements
Living Area: 1,100
Living Area Units: Square Feet
Rooms
Bathrooms Full: 2
Bathrooms Total Integer: 2
Bedrooms Total: 3
Other
Location
Subdivision Name: PLAYLAND ESTATES SEC 2
Parking
Parking
Open Parking: Yes
Parking Features: Circular Driveway, Driveway
Schools
Elementary School
Elementary School: Stirling
High School
High School: Hollywood Hl High
Middle or Junior School
Middle Or Junior School: Attucks
Utilities
Equipment
Cooling: Ceiling Fan(s), Central Air
Has Cooling: Yes
Heating: Central
Has Heating: Yes
Sewer: Septic Tank
Water Source: Municipal Water
Based on information from Miami Association of REALTORS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.