NOT LISTED FOR SALE

1733 NW 16th St #Front Miami, FL 33125

Allapattah Neighborhood

Estimated Value: $499,000 - $750,000

4 Beds
2 Baths
2,457 Sq Ft
$255/Sq Ft Est. Value

Last Sold September 05, 2023

Last sale price $500,000 $204 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $4,110/month

94 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Shed
  • Old Spanish Architecture
  • Patio
  • Central Heating and Cooling System

About This Home

As of September 2023

Amazing opportunity for Investors or Owner Occupant to own a multi family unit in the heart of Miami. Great Airbnb/Rental Income Potential. The property is located blocks over from the Miami River, River Landing Shops. Minutes from Wynwood, Calle Ocho, Brickell, Coconut Grove, Coral Gables and Miami Beach, Miami International Airport, and the new Soccer Stadium coming in 2026, Kaseya Center, Doral, Miami Hard rock Stadium and more! Home is tenant occupied. Appointment required to show property, DO NOT DISTURB TENANTS.

Last Agent to Sell the Property

John Thomas

One Stop Realty License #3349915 Listed on: 04/24/2023

One Stop Realty

Last Buyer's Agent

John Thomas

One Stop Realty License #3349915 Listed on: 04/24/2023

One Stop Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,677

Year Built

  • Built in 1924

Lot Details

  • 7,144

Parking

  • 2 Parking Spaces

Home Design

  • Duplex
  • Old Spanish Architecture
  • Composition Roof
  • Concrete Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,457 Sq Ft Home
  • 1-Story Property
  • Blinds

Flooring

  • Wood
  • Ceramic Tile

Outdoor Features

  • Patio
  • Shed

Additional Features

  • Lot Dimensions are 50.000x143
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • 2 Units
  • Kenwood Sub Condos
  • Kenwood Sub,Kenwood Subdivision, 4/2 +2/1 Floorplan

Listing and Financial Details

  • Rent includes trash collection
  • Assessor Parcel Number 01-31-34-015-0030

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,677

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1924
  • Property Sub Type: Duplex
  • Architectural Style: Attached, Old Spanish
  • Directions: GPS
  • Horses: No
  • Inclusions: None
  • Lot Size: 50.000x143
  • Master Model: 4/2 +2/1
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • Subdivision Name: KENWOOD SUB,Kenwood
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Spa Yn: No
  • Flooring: Ceramic Floor, Wood
  • Furnished: Unfurnished
  • Living Area: 2457
  • Possible Use: Primary
  • Stories: 1
  • Window Features: Blinds

Exterior Features

  • Roof: Composition Roll, Concrete
  • Construction Type: CBS Construction
  • Lot Features: Less Than 1/4 Acre Lot
  • Other Structures: Extra Building/Shed
  • Patio And Porch Features: Patio
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: KENWOOD SUB
  • Total Parking Spaces: 2

Utilities

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

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 01-31-34-015-0030
  • Zoning: 5700
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Trash Collection

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 4677

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 15, 2024
Sold by
Jmp Green Ventures Llc
Bought by
Allapatah Real Estate Holdings Llc
Current Estimated Value
$625,597

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$780,000
Outstanding Balance
$771,388
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
-$145,791

Purchase Details

Listed on
Apr 24, 2023
Closed on
Sep 6, 2023
Sold by
Montes Acacia Jeanett
Bought by
Jmp Green Ventures Llc
Seller's Agent
John Thomas
One Stop Realty
Buyer's Agent
John Thomas
One Stop Realty
List Price
$627,000
Sold Price
$500,000
Premium/Discount to List
-$127,000
-20.26%
Views
8

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.99%
Original Mortgage
$634,035
Interest Rate
6.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 21, 2007
Sold by
Cuadra Jose E
Bought by
Montes Acacia Jeanett

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,217
Interest Rate
6.17%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 24, 2004
Sold by
Montes Acacia
Bought by
Cuadra Jose E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,000
Interest Rate
8.2%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 29, 1993
Sold by
Montes Jose A and Montes Maria Victoria
Bought by
Montes Acacia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
6.85%
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
Allapatah Real Estate Holdings Llc -- None Listed On Document
Allapatah Real Estate Holdings Llc -- None Listed On Document
Jmp Green Ventures Llc $510,000 None Listed On Document
Montes Acacia Jeanett $355,000 Great Country Title Services
Cuadra Jose E $280,000 --
Montes Acacia $37,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Allapatah Real Estate Holdings Llc $780,000
Closed Allapatah Real Estate Holdings Llc $780,000
Previous Owner Jmp Green Ventures Llc $634,035
Previous Owner Montes Acacia Jeanett $352,217
Previous Owner Cuadra Jose E $238,000
Previous Owner Montes Acacia $30,000
Closed Cuadra Jose E $42,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/05/2023 09/05/23 Sold $500,000 -20.3% $204 / Sq Ft
07/28/2023 07/28/23 Pending -- -- --
04/24/2023 04/24/23 For Sale $627,000 -- $255 / 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 $9,949 $514,941 $286,000 $228,941
2024 $5,043 $458,697 $235,950 $222,747
2023 $5,043 $254,031 $0 $0
2022 $4,677 $236,042 $0 $0
2021 $4,391 $219,540 $0 $0
2020 $3,670 $227,764 $0 $0
2019 $3,429 $219,072 $0 $0
2018 $3,115 $209,148 $0 $0
2017 $2,802 $164,762 $0 $0
2016 $2,658 $154,690 $0 $0
2015 $2,511 $146,363 $0 $0
2014 $2,281 $138,686 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    John Thomas

    One Stop Realty

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11376723

MIAMI REALTORS® MLS

APN: 01-3134-015-0030

Florida Miami/Dade County Miami 33125 Allapattah

1733 NW 16th St #Front, Miami, FL

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