Seller's Closing Statement
Buyer's and Seller's Combined Closing Statement
JOEL N. MINSKER, ESQ.
BLOOM & MINSKER, P.L.
NOTE: This form is furnished to give you a statement of actual settlement costs. Amounts paid to and by the settlement agent are shown.
Items marked "(p.o.c.)" were paid outside the closing; they are shown here for informational purposes and are not included in the totals.
NAME..OF..&UYER: City of Miami Elli'ach, a Florida municipal corporation
ADDRESS OF BUYER: 1700 Convention Center Driye, Miami Beach, FL 33139
NAME OF SELLER: Gloria Rosenthal, Trustee of the Gloria Rosenthal Revocable Trust u/a/dtd
5/14/99
ADDRESS OF SELLER: 1310 Royal Palm Way, Boca Raton, FL 33432
NA.MEOFLENDER:
ADDRESS OF LENDER:
PROPERTY 1833 Bay Road
LOCATION: Miami Beach, FL 33139
SETTLEMENTA.GENT: JOEL N.MINSKER, ESQ., BLOOM &MINSKER, P.L.
PLAClil OFSETI'LEI\fENT: UIOBRICl<ELL AVENUE, 7thFLOQR, MIAMI, FL 33131-3107
1110 BRICKELL AVENUE, 7th FLOOR,.MIAMI, FL33131-3107
SETTLEMENT DATE: 1 /~ 1 /?oo~
SUMMARY OF BUYER'S TRANSACTION SUMMARY OF SELLER'S TRANSACTION
100.GROSS AMOUNT DUE FROM BUYER 400. GROSS AMOUNT DUE TO SELLER
1 o I. Contract sales nrice I 080 000.00 401. Contract sales nrice I 080000.00
1 02.Personal nropertv 402. Personal nronertv
I 03. Buver's Exnenses from n". 2 line 1400 36 796.00 403.
104. 404.
105. 405.
Adiustments for iterns naid bv seller in advance Adjustments for items naid bv seller in advance
106. Citv/town taxes to 406. City/town taxes to
107. County taxes to 407. County taxes to
108.Assessments to 408. Assessments to
109. to 409. to
110. to 410. to
III. to 411. to
112. to 412. to
120.GROSS AMOUNT DUE FROM BUYER ~ 1,116,796.00 420. GROSS AMOUNT DUE TO SELLER ~ 1,080,000.00
200.AMOUNTS PAID BY OR IN BEHALF OF BUYER 500. REDUCTIONS IN AMOUNT DUE TO SELLER
20l.Denosit or earnest monev 2~ 1111111111 501. Excess denosit (see instructions)
202.Princinal amount of new loan(s) 502. Settlement chames to seller(line 1400) 4477<;00
203.Existin17loan(s) taken subiect to 503.Existin17loan(s) taken subiect to
204. 504. Payoff of first mort"age loan
205. 505.Pavoff of second mort"ae:e loan
206.Princinal amount of seller financine: 506.Princinal amount of seller financin"
207. 507.
208. 508.
209. 509.
209a 509a
209b 509b D""o<it Directlv to Seller 25000.00
Adjustments for items unpaid by seller Adjustments for items unpaid by seller
21O.Citv/town taxes 1/1/2005 to 1/31/2005 452.09 510. City/town taxes 1/1/2005 to 1/31/2005 452.09
211. County taxes 1/1/2005 to 1/31/2005 916.72 511. Countv taxes 1/1/2005 to 1/31/2005 916.72
2l2.Assessments to 512. Assessments to
213. to 513. to
214. to 514. to
215. to 515. to
216. to 516. to
217. to 517. to
218. to 518. to
219. to 519. to
220. TOTAL AMOUNTS PAID ~ 26,368.81 520. TOTAL REDUCTIONS IN ~
BY OR IN BEHALF OF BUYER AMOUNT DUE SELLER 70,643.81
300.CASH AT SETTLEMENT FROM/TO BUYER 600. CASH AT SETTLEMENT TO/FROM SELLER
301.Gross amount due from buver (line 120) I 116796.00 60l.Gross amount due to seller (line 420) I 080 000.00
302.Less amounts naid bv/for buver (line 220) 26 368.81 602. Less reductions in amount due seller nine 520) 70643.81
303.CASH IXI From 0 To BUYER ~ 1,090,427.19 603.CASH IXI To o From SELLER ~ 1,009,356.19
PAGEl
1110 BRICKELL AVENUE
7th FLOOR
MIAMI, FL 33131-3107
iClZ004 Display Systems. Inc. (863) 763-~55S - Laser Generated
700. TOTAL SALES/BROKER'S COM. based on nrice I 080 000.00 (a) % - 60 000.00 BUYER'S SELLER'S
Division of Commission (line 700) as follows:
701. 10.000.00 to Roval Palm Realtv EXPENSES EXPENSES
702. 30 000.00 to The KeYS Comnanv
703. Commission naid at Settlement 30.000.00 10 000.00
704. to
800. Items Pavable In Connection With Loan
801. Loan Origination Fee % to
802. Loan Discount % to
803. Aomaisal Fee to
804. Credit Reoort to
805. 1 ,,1. , In ,p~";nn Fe" to
806. Mortl!al!e Insurance Annlication Fee to
807. to
808. to
809. to
810. to
81 I. to
812. to
813. to
R14 to
815. to
900. Items Required Bv Lender To Be Paid In Advance
901. Interest from 1/11/2005 to 2/1/2005 (a) /dav
902. Mortl!al!e Insurance Premium for months to
903. Hazard Insurance Premium for vears to
904. years to
905. years to
1000. Reserves Deoosited With Lender
100 I. Hazard insurance month<rO ner month
1002. Mortl!al!einsurance monthsrO ner month
1003. City nTOnertv taxes month<rO ner month
1004. County monertv taxes month.olii ner month
1005. Annual assessments months iii n"r month
1006. montholli oer month
1007. monthsliil oer month
1008. monthslW oer rnonth
1009.
1\ 00. Title Chare;es
1101. Settlement or closin" fee to Bloom & Minsker P.L. 500.00
1102. Abstract or title search to Attornevs' Title Inonrance Fund Inc. 210.00
1103. Title examination to Bloom & Minsker P.L. 250.00
1104. Title insurance binder to
1105. Document nreoaration to
1106. Notarv fees to
1107. Attornev's fees to
(includes above items numbers:
1108. Title insurance to Bloom & Min<kpr F.~row 2
(includes above items numbers:
1109. Lender's covera"e: Risk Premium INS AMT:
1110. Owner's covera"e: Risk Premium 5 275.00 INS AMT: I ORO.OOO.OO
II lOa Endorsements: FF9.2-527.50' 527.50
1111. Final Title r Tndate/R,,-Cert Fee to Bloom & Minsk"r P.L. 125,00
1112. to
1113. to
1200. Government Recordinl! and Transfer Charl!es
1201. Recorclin" Fees' Deed $1 R.50, L-M : S- Mortl!al!e( s) . R"l".o,.. lR <;0
1202. Citv/countv tax/stamns: Deed $4 860.00' L-Mortl!al!e(s) . S-Mortl!al!e( s) 4 860.00
1203. Stat" tax/stamns: Deecl $6 480.00' L-Mort"al!e(s) . S-Mortl!a"e(s) 6 480.00
1204. Non-Identitv Affidavit Clerk of Court 10.00
1205.~' 'I , Final Order rlprle 10.00
1300. Additional Settlement Charges
1301. Recordinl! Order of Dismissal to CI"rk of Court 10.00
1302. Recordinl! Affitl.vit re Trust to rJerk of Court 27.00
1303. Lien Search to A-I Title Sunnort S"rvices Inc. 168.00
1304. Costs re doc rpnro faY"., etc. to Bloom & Min<kpr P,T 75.00
1305. Courier/Deliverv Service to Bloom & Minsker P.L. 25.00
1306. Attornev's Fees to Crail! M. Dorne P A. 2 500.00
1307. to
1308. to
1309. to
1400. Total Settlement Charges (enter on Buyer line 103, and on Seller line 502, Page I) ~ 36,796.00 44,275.00
Buyer's and Seller's Combined Closing Statement
PAGE 2
CERTIFICATION DATE: 1/3J/2005
I have carefully reviewed this Settlement Statement and to the best of my knowledge and belief, it is a true and accurate statement of all receipts ano
disbursements made on my account or by me in this transaction. 1 further certify that I have received a copy of this Settlement Statement.
City 'a' Bea a rida(mUniCiP.a.1 COlPoration.. Gloria Rose 1, Trustee of the G10' Rosenthal
, - L /) A "\ Revocable aldtd 5/14/99
, hcsf AS51'~1 ifif'By}er Seller
Buyer
Seller
DATE: 1/31/2005
97052.12
SELLER'S CLOSING STATEMENT
JOEL N. MINSKER, ESQ.
BLOOM & MINSKER, P.L.
BUYER:
City of Miami Beach, a Florida municipal corporation
SELLER:
Gloria Rosenthal, Trustee of the Gloria Rosenthal Revocable
Trust u/a/dtd 5/14/99
PROPERTY LOCATION:
1833 Bay Road Miami Beach, FL 33139
FILE NO: 97052.12
SETTLEMENT DATE: 1/31/2005
CREDITS
EXPENSES
SALES DATA:
Purchase Price
$ 1,080,000.00
PRORATIONS:
City/town taxes from 01/01/05 to 01/31/05 @$5500.41/365 = 30 days@ 15.069600
County taxes from 01/01/05 to 01/31/05 @ $11153.39/365 = 30 days @ 30.557200
TOTAL CREDITS and EXPENSES:
AMOUNT DUE SELLER:
$ 452.09
$ 916.72
$ 25,000.00
$ 210.00
$ 10.00
$ 10.00
$ 10.00
$ 27.00
$ 168.00
$ 2,500.00
$ 30,000.00
$ 4,860.00
$ 6,480.00
$ 1 080 000.00 $ 70 643.81
$ 1 009 56.19
COSTS:
Deposit Directly to Seller
Abstract or title search
Non-Identity Affidavit
Certificate Cancelling Final Order
Recording Order of Dismissal
Recording Affidavit re Trust
Lien Search
Attorney's Fees
Commission paid at Settlement
Deed Surtax
Deed Documentary Stamps
ADJUSTMENT FOR LINES 403, 404 & 405
TOTAL AMOUNT DUE SELLER ON CLOSING:
The undersigned hereby acknowledges and agrees to the following:
$ 1,009,356.19
Having examined the above statement and found it to be correct, authorization is hereby given to
disburse funds in accordance with same.
Taxes are, of necessity, an estimate and proration will be entirely between the Purchaser and Seller. The
below signed parties agree, that in the event the current real estate or personal taxes vary in amount
from the figures used in making the above prorations, then a new proration and a correct and proper
adjustment will be made upon demand, said adjustment shall be entirely between the parties.
1110 BRICKELL AVENUE
7th FLOOR
MIAMI, FL 33131-3107