NOT LISTED FOR SALE

1886 SW 16th Terrace Miami, FL 33145

Coral Way Neighborhood

Estimated Value: $844,000 - $951,000

3 Beds
2 Baths
1,429 Sq Ft
$630/Sq Ft Est. Value

Last Sold March 18, 2024

Last sale price $845,000 $591 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $5,773/month

10 Days on Market

Highlights

  • Wood Flooring
  • 1-Story Property
  • Family Room
  • No HOA
  • Central Heating and Cooling System
  • 5-minute walk to Shenandoah Park

About This Home

As of March 2024

A rare opportunity to own prime real estate in one of the hottest and up and going areas of Miami Shenandoah! Extremely desirable location located only few minutes away from Coral gables ,Coconut Grove , Brickell , Downtown Miami and famous historic Calle Ocho.
The property is well maintained and move in ready. This home has 3 large bedrooms with 2 full bathrooms. Spacious living room and dining room with separate upgraded kitchen with quartz and new stainless steel appliances.
This property becomes an optimal choice for personal use, Air bnb, short term and long term rentals ensuring top dollars returns on your investment.
There is plenty of room to build your dream pool.
Come and explore this great opportunity for first time home buyer or investors of making your Dream home.

Last Agent to Sell the Property

Farzaneh Safaie

LoKation Brokerage Phone: 917-288-6410 License #3475098 Listed on: 02/08/2024

LoKation

Last Buyer's Agent

Andres Campodonico

Coldwell Banker Realty License #3450634

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,172

Year Built

  • Built in 1936

Lot Details

  • 5,450 Sq Ft Lot
  • North Facing Home
  • Property is zoned 0100

Home Design

  • Flat Roof with Façade front
  • Shingle Roof

Interior Spaces

  • 1,429 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Wood Flooring
  • Fire and Smoke Detector
  • Dryer

Kitchen

  • Self-Cleaning Oven
  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • 3 Carport Spaces
  • Driveway
  • Open Parking

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Durniers Sub Sec 2 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 01-41-10-031-0350

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,172

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1936
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, One Story
  • Directions: Please use GPS
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Structure Type: R30-No Pool/No Water, House
  • Subdivision Name: DURNIERS SUB SEC 2
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Attribution Contact: 917-288-6410
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Range, Refrigerator, Self Cleaning Oven
  • Interior Amenities: First Floor Entry, Family Room
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Wood
  • Furnished: Unfurnished
  • Living Area: 1429
  • Possible Use: Unknown/Withheld
  • Bedroom Features: Entry Level
  • Living Room Features: Family Room

Exterior Features

  • Roof: Flat Roof With Facade Front, Shingle
  • View: None
  • Exterior Features: None
  • Direction Faces: North
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: DURNIERS SUB SEC 2
  • Carport Spaces: 3
  • Covered Parking Spaces: 3
  • Open Parking: Yes
  • Parking Features: Driveway

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 01-41-10-031-0350
  • Lot Size Sq Ft: 5450
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 1172

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2024
Closed on
Mar 16, 2024
Sold by
1886 Sw 16 Llc
Bought by
Chui Matthew Sung and Murillo Alejandra Emelina
Seller's Agent
Farzaneh Safaie
LoKation
Buyer's Agent
Andres Campodonico
Coldwell Banker Realty
List Price
$845,000
Sold Price
$845,000
Views
74
Current Estimated Value
$900,950

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,950
Avg. Annual Appreciation
4.43%
Original Mortgage
$676,000
Outstanding Balance
$665,430
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$235,520

Purchase Details

Listed on
Jul 13, 2023
Closed on
Sep 11, 2023
Sold by
Lopez Marta B and Parodi Arsenio
Bought by
1886 Sw 16 Llc and Rodriguez
Seller's Agent
Suresh;K Khemlani
RE/MAX Advance Realty II
Buyer's Agent
Emily Byrd
Compass Florida, LLC
List Price
$549,000
Sold Price
$550,000
Premium/Discount to List
$1,000
0.18%
Views
576

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
132.10%
Original Mortgage
$590,000
Interest Rate
7.09%
Mortgage Type
Construction

Purchase Details

Listed on
Jul 13, 2023
Closed on
Sep 9, 2023
Sold by
Perez Mir Eusebio Eloy
Bought by
1886 Sw 16 Llc
Seller's Agent
Suresh;K Khemlani
RE/MAX Advance Realty II
Buyer's Agent
Emily Byrd
Compass Florida, LLC
List Price
$549,000
Sold Price
$550,000
Premium/Discount to List
$1,000
0.18%
Views
576

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$590,000
Interest Rate
7.09%
Mortgage Type
Construction

Purchase Details

Listed on
Jul 13, 2023
Closed on
Sep 8, 2023
Sold by
Perez Humberto J
Bought by
1886 Sw 16 Llc
Seller's Agent
Suresh;K Khemlani
RE/MAX Advance Realty II
Buyer's Agent
Emily Byrd
Compass Florida, LLC
List Price
$549,000
Sold Price
$550,000
Premium/Discount to List
$1,000
0.18%
Views
576

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$590,000
Interest Rate
7.09%
Mortgage Type
Construction

Purchase Details

Listed on
Jul 13, 2023
Closed on
Sep 7, 2023
Sold by
Perez Mir Juan Carlos
Bought by
1886 Sw 16 Llc
Seller's Agent
Suresh;K Khemlani
RE/MAX Advance Realty II
Buyer's Agent
Emily Byrd
Compass Florida, LLC
List Price
$549,000
Sold Price
$550,000
Premium/Discount to List
$1,000
0.18%
Views
576

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$590,000
Interest Rate
7.09%
Mortgage Type
Construction

Purchase Details

Listed on
Jul 13, 2023
Closed on
Sep 6, 2023
Sold by
Velasco Grisel
Bought by
1886 Sw 16 Llc
Seller's Agent
Suresh;K Khemlani
RE/MAX Advance Realty II
Buyer's Agent
Emily Byrd
Compass Florida, LLC
List Price
$549,000
Sold Price
$550,000
Premium/Discount to List
$1,000
0.18%
Views
576

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$590,000
Interest Rate
7.09%
Mortgage Type
Construction

Purchase Details

Listed on
Jul 13, 2023
Closed on
Sep 1, 2023
Sold by
Villareal Gonzalo
Bought by
1886 Sw 16 Llc
Seller's Agent
Suresh;K Khemlani
RE/MAX Advance Realty II
Buyer's Agent
Emily Byrd
Compass Florida, LLC
List Price
$549,000
Sold Price
$550,000
Premium/Discount to List
$1,000
0.18%
Views
576

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$590,000
Interest Rate
7.09%
Mortgage Type
Construction

Purchase Details

Listed on
Jul 13, 2023
Closed on
Aug 31, 2023
Sold by
Banos Ciro
Bought by
1886 Sw 16 Llc
Seller's Agent
Suresh;K Khemlani
RE/MAX Advance Realty II
Buyer's Agent
Emily Byrd
Compass Florida, LLC
List Price
$549,000
Sold Price
$550,000
Premium/Discount to List
$1,000
0.18%
Views
576

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$590,000
Interest Rate
7.09%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Chui Matthew Sung $845,000 Clear Title Group
1886 Sw 16 Llc $550,000 Grove Title
1886 Sw 16 Llc -- Grove Title
1886 Sw 16 Llc -- Grove Title
1886 Sw 16 Llc -- Grove Title
1886 Sw 16 Llc -- Grove Title
1886 Sw 16 Llc -- Grove Title
1886 Sw 16 Llc -- Grove Title
1886 Sw 16 Llc -- Grove Title
1886 Sw 16 Llc -- Grove Title
1886 Sw 16 Llc -- Grove Title
1886 Sw 16 Llc -- Grove Title
1886 Sw 16 Llc -- Grove Title
1886 Sw 16 Llc -- Grove Title
1886 Sw 16 Llc -- Grove Title
1886 Sw 16 Llc -- Grove Title
1886 Sw 16 Llc -- Grove Title
1886 Sw 16 Llc -- Grove Title
1886 Sw 16 Llc -- Grove Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chui Matthew Sung $676,000
Previous Owner 1886 Sw 16 Llc $590,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2024 03/18/24 Sold $845,000 0.0% $591 / Sq Ft
02/19/2024 02/19/24 Pending -- -- --
02/08/2024 02/08/24 For Sale $845,000 +53.6% $591 / Sq Ft
09/15/2023 09/15/23 Sold $550,000 +0.2% $385 / Sq Ft
07/15/2023 07/15/23 Pending -- -- --
07/13/2023 07/13/23 For Sale $549,000 -- $384 / 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 $10,827 $578,219 $436,000 $142,219
2024 $9,984 $521,509 $408,604 $112,905
2023 $9,984 $467,196 $354,184 $113,012
2022 $1,172 $135,342 $0 $0
2021 $1,190 $131,400 $0 $0
2020 $1,185 $129,586 $0 $0
2019 $1,167 $126,673 $0 $0
2018 $1,106 $124,312 $0 $0
2017 $1,115 $121,756 $0 $0
2016 $1,130 $119,252 $0 $0
2015 $1,152 $118,424 $0 $0
2014 $1,179 $117,485 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2024

    Farzaneh Safaie

    LoKation Real Estate

    (917) 288-6410

    1 in this area

    11 Total Sales

    Farzaneh Safaie
    Section Image
  • Andres Campodonico

    Buyer's Agent in 2024

    Andres Campodonico

    Coldwell Banker Realty

    (786) 237-5344

    3 in this area

    42 Total Sales

    Andres Campodonico
    Section Image
  • Suresh;K Khemlani

    Seller's Agent in 2023

    Suresh;K Khemlani

    RE/MAX

    (305) 562-1576

    2 in this area

    62 Total Sales

    Suresh;K Khemlani
    Section Image
  • Emily Byrd

    Buyer's Agent in 2023

    Emily Byrd

    Compass Florida, LLC

    (615) 653-8594

    1 in this area

    21 Total Sales

    Emily Byrd
    Section Image
See All Agents

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11529742

MIAMI REALTORS® MLS

APN: 01-4110-031-0350

Florida Miami/Dade County Miami 33145 Coral Way

1886 SW 16th Terrace, Miami, FL

This home is located at 1886 SW 16th Terrace, Miami, FL 33145 since 08 February 2024 and is currently estimated at $900,950, approximately $630 per square foot. This property was built in 1936. 1886 SW 16th Terrace is a home located in Miami-Dade County with nearby schools including Shenandoah Elementary School, Shenandoah Middle School, and Miami 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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