NOT LISTED FOR SALE

1520 NW 116th Terrace Miami, FL 33167

Pinewood Park Neighborhood

Estimated Value: $410,000 - $462,722

2 Beds
1 Bath
1,333 Sq Ft
$332/Sq Ft Est. Value

Last Sold July 24, 2024

Last sale price $40,000 $30 Per Sq Ft

Est. 1,007% increase in value since last sale

Current estimated payment $2,833/month

200 Days on Market

Highlights

  • No HOA
  • Views
  • 1-Story Property
  • 1 Car Attached Garage
  • Ceramic Tile Flooring
  • Central Air

About This Home

As of July 2024

GREAT CORNER 2 BEDROOM HOME. THE PROPERTY IS READY FOR THE NEXT FAMILY TO ADD THEIR LOVING TOUCHES. PLENTY OF PARKING FRONT AND BACK IN THIS FULLY FENCED PROPERTY. LOTS OF POTENTIAL IN THE SPACIOUS BACK YARD RIGHT NEXT TO THE REAR TERRACE. GREAT FOR OUTDOOR EVENTS AND OUTDOOR FLORIDA FUN. COME OVER AND VISIT!!

Last Agent to Sell the Property

Armando Palma

Palma Realty Group License #3165997 Listed on: 11/15/2023

Last Buyer's Agent

Rosalyn Montenegro

EXP Realty LLC License #3495549

EXP Realty LLC

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1958

Lot Details

  • 5,300 Sq Ft Lot
  • North Facing Home
  • Fenced
  • Property is zoned 0100

Parking

  • 1 Car Attached Garage
  • Driveway
  • On-Street Parking
  • Open Parking

Home Design

  • Flat Roof with Façade front
  • Tile Roof

Interior Spaces

  • 1,333 Sq Ft Home
  • 1-Story Property
  • Ceramic Tile Flooring
  • Property Views

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Central Air
  • Heating Available

Community Details

  • No Home Owners Association
  • Sherna Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 30-21-35-030-0580

Home Details

Home Type

Single Family

Year Built

Built in 1958

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1958
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, One Story
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Structure Type: R30-No Pool/No Water, House
  • Subdivision Name: SHERNA PARK
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Other Equipment/Appliances
  • Interior Amenities: First Floor Entry, Other
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Ceramic Floor, Other
  • Furnished: Unfurnished
  • Living Area: 1333
  • Possible Use: Unknown/Withheld
  • Bedroom Features: Entry Level, Primary Bedroom Ground Level
  • Living Room Features: Other

Exterior Features

  • Roof: Flat Roof With Facade Front, Curved/S-Tile Roof
  • View: Other
  • Exterior Features: Other
  • Direction Faces: North
  • Fencing: Fenced
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: SHERNA PARK
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Open Parking: Yes
  • Parking Features: Driveway, Other, On Street

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Other
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Other

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 30-21-35-030-0580
  • Lot Size Sq Ft: 5300
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 4396

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2023
Closed on
Jul 25, 2024
Sold by
Torres Yonny Camilo and Rivera Ricardo
Bought by
Eliezer Tabares Sr Living Trust and Tabares
Seller's Agent
Armando Palma
Palma Realty Group
Buyer's Agent
Rosalyn Montenegro
EXP Realty LLC
List Price
$419,000
Sold Price
$40,000
Premium/Discount to List
-$379,000
-90.45%
Views
129
Current Estimated Value
$442,681

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$402,681
Avg. Annual Appreciation
920.78%
Original Mortgage
$320,000
Outstanding Balance
$316,954
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$131,120
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Eliezer Tabares Sr Living Trust $400,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Eliezer Tabares Sr Living Trust $320,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2024 07/24/24 Sold $40,000 -90.5% $30 / Sq Ft
06/04/2024 06/04/24 Pending -- -- --
05/07/2024 05/07/24 For Sale $419,000 0.0% $314 / Sq Ft
04/04/2024 04/04/24 Pending -- -- --
12/22/2023 12/22/23 Price Changed $419,000 -6.9% $314 / Sq Ft
11/17/2023 11/17/23 For Sale $449,997 -- $338 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,052 $306,855 $164,300 $142,555
2024 $4,396 $224,672 -- --
2023 $4,396 $204,248 $0 $0
2022 $1,088 $73,266 $0 $0
2021 $1,072 $71,133 $0 $0
2020 $1,069 $70,151 $0 $0
2019 $1,059 $68,574 $0 $0
2018 $1,012 $67,296 $0 $0
2017 $1,013 $65,912 $0 $0
2016 $993 $64,557 $0 $0
2015 $1,003 $64,109 $0 $0
2014 -- $63,601 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Armando Palma

    Seller's Agent in 2024

    Armando Palma

    RE/MAX

    (305) 510-0002

    43 Total Sales

    Section Image

  • R

    Buyer's Agent in 2024

    Rosalyn Montenegro

    EXP Realty LLC

    (305) 244-1328

    4 Total Sales

    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11487988

MIAMI REALTORS® MLS

APN: 30-2135-030-0580

Florida Miami/Dade County Miami 33167 Pinewood Park

1520 NW 116th Terrace, Miami, FL

This home is located at 1520 NW 116th Terrace, Miami, FL 33167 since 15 November 2023 and is currently estimated at $442,681, approximately $332 per square foot. This property was built in 1958. 1520 NW 116th Terrace is a home located in Miami-Dade County with nearby schools including Henry E.S. Reeves Elementary School, North Dade Middle School, and Miami Central Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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