NOT LISTED FOR SALE

2040 SW 16th St Miami, FL 33145

Coral Way Neighborhood

Estimated Value: $654,000 - $772,407

2 Beds
1 Bath
1,133 Sq Ft
$647/Sq Ft Est. Value

Last Sold November 28, 2023

Last sale price $615,000 $543 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $4,625/month

6 Days on Market

Highlights

  • Newly Remodeled
  • Den
  • Utility Room in Garage
  • No HOA
  • Efficiency Studio
  • 3-minute walk to Swannanoa Mini Park

About This Home

As of November 2023

Charming probate estate gem for sale. A great opportunity for anyone looking for a place to call home that could simultaneously be income producing, in a VERY sought after neighborhood in Miami. No seller's disclosure will be forthcoming. The information referenced herein is deemed reliable but independent verification is highly encouraged. Property is being sold with all contents left in the interior and exterior of the property at time of closing and funding. Property is rented until October 31, 2023. Please do not disturb the tenants. All offers are subject to probate court approval. This property will not last!!

Last Agent to Sell the Property

Norma Suarez

Florida Realty of Miami Corp License #3435477 Listed on: 09/21/2023

Florida Realty of Miami Corp

Last Buyer's Agent

Norma Suarez

Florida Realty of Miami Corp License #3435477 Listed on: 09/21/2023

Florida Realty of Miami Corp

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,250

Year Built

  • Built in 1940 | Newly Remodeled

Lot Details

  • 5,610 Sq Ft Lot
  • Northeast Facing Home
  • Fenced
  • Property is zoned 0100

Home Design

  • Barrel Roof Shape

Interior Spaces

  • 1,133 Sq Ft Home
  • 1-Story Property
  • Partially Furnished
  • Den
  • Utility Room in Garage
  • Efficiency Studio
  • Tile Flooring
  • Property Views

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry in Garage
  • Washer and Dryer Hookup

Parking

  • 2 Detached Carport Spaces
  • Driveway
  • Open Parking

Outdoor Features

  • Patio
  • Shed
  • Outdoor Grill

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Saints Peter & Paul Subdivision

Listing and Financial Details

  • Assessor Parcel Number 01-41-10-045-0010

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,250

Year Built

Built in 1940 | Newly Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1940
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, One Story
  • Carport Y N: Yes
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Structure Type: R30-No Pool/No Water, House
  • Subdivision Name: SAINTS PETER & PAUL
  • Year Built Details: New Construction
  • MIAMIRE_PoolYN: No
  • MIAMIRE_GuestHouseDescription: Carport, Efficiency
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: First Floor Entry, Den/Library/Office, Other, Utility/Laundry In Garage, Utility Room/Laundry
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Tile
  • Furnished: Partially Furnished
  • Living Area: 1133
  • Possible Use: Primary
  • Bedroom Features: Entry Level
  • Living Room Features: Den/Library/Office, Other, Utility/Laundry In Garage, Utility Room/Laundry

Exterior Features

  • Roof: Barrel Roof
  • View: Other
  • Exterior Features: Barbeque, Built-In Grill
  • Direction Faces: Northeast
  • Fencing: Fenced
  • Lot Features: Less Than 1/4 Acre Lot
  • Other Structures: Shed(s)
  • Patio And Porch Features: Patio
  • Pool Private: No
  • Property Condition: New Construction
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: SAINTS PETER & PAUL
  • Carport Spaces: 2
  • Covered Parking Spaces: 2
  • Open Parking: Yes
  • Parking Features: Detached Carport, Covered, Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: In Garage, Utility Room/Laundry, Washer/Dryer Hook-Up

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 01-41-10-045-0010
  • Lot Size Sq Ft: 5610
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 4250

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2023
Closed on
Nov 28, 2023
Sold by
Haddy John A and Pena Wilson G
Bought by
Caula Alejandro and Morgado Rebeca Valdes
Seller's Agent
Norma Suarez
Florida Realty of Miami Corp
Buyer's Agent
Norma Suarez
Florida Realty of Miami Corp
List Price
$615,000
Sold Price
$615,000
Views
52
Current Estimated Value
$733,352

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,352
Avg. Annual Appreciation
9.92%
Original Mortgage
$492,000
Outstanding Balance
$484,277
Interest Rate
7.79%
Mortgage Type
New Conventional
Estimated Equity
$249,075

Purchase Details

Closed on
Dec 10, 1996
Sold by
Guerra Pedro F and Guerra Margarita
Bought by
Pena Wilson G

Purchase Details

Closed on
Apr 12, 1996
Sold by
Guerra Margarita
Bought by
Guerra Pedro F and Guerra Margarita

Purchase Details

Closed on
Mar 5, 1996
Sold by
Guerra Pedro F and Guerra Margarita
Bought by
Guerra Margarita
Source: Public Records

Range of Values:

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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
Caula Alejandro $615,000 Blue Marlin Title
Caula Alejandro $615,000 Blue Marlin Title
Pena Wilson G $131,000 --
Guerra Pedro F $100 --
Guerra Margarita $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Caula Alejandro $492,000
Closed Caula Alejandro $492,000
Previous Owner Guerra Margarita $123,500
Previous Owner Guerra Margarita $40,000
Previous Owner Guerra Margarita $5,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/28/2023 11/28/23 Sold $615,000 0.0% $543 / Sq Ft
09/28/2023 09/28/23 Pending -- -- --
09/21/2023 09/21/23 For Sale $615,000 -- $543 / 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 $8,655 $487,204 -- --
2024 $4,332 $454,838 -- --
2023 $4,332 $140,649 $0 $0
2022 $4,250 $136,553 $0 $0
2021 $2,310 $132,576 $0 $0
2020 $2,278 $130,746 $0 $0
2019 $2,220 $127,807 $0 $0
2018 $2,128 $125,424 $0 $0
2017 $2,098 $122,845 $0 $0
2016 $2,098 $120,319 $0 $0
2015 $2,115 $119,483 $0 $0
2014 $2,134 $118,535 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2023

    Norma Suarez

    Florida Realty of Miami

    (305) 477-9748

    4 in this area

    52 Total Sales

    Norma Suarez
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11445976

MIAMI REALTORS® MLS

APN: 01-4110-045-0010

Florida Miami/Dade County Miami 33145 Coral Way

2040 SW 16th St, Miami, FL

This home is located at 2040 SW 16th St, Miami, FL 33145 since 21 September 2023 and is currently estimated at $733,352, approximately $647 per square foot. This property was built in 1940. 2040 SW 16th St 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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