$65,000
SOLD JAN 23, 2015

2971 SW 16th Terrace Unit 6 Miami, FL 33145

Coral Way Neighborhood
2 Beds
1 Bath
945 Sq Ft
1,870 Sq Ft Lot

Recently Sold

$69 Per Sq Ft

48% Below List Price

201 Days on Market

Highlights

  • Newly Remodeled
  • No HOA
  • Central Heating and Cooling System
  • Coral Gables Preparatory Academy Rated A-
  • Tile Flooring
  • Northwest Facing Home

About This Home

As of June 2015

Price Reduced! Centrally located, close to Downtown Miami and Downtown Coral Gables. Perfect for the new family or investor. Add your finishing touches. This is a Fannie Mae HomePath property.

Last Agent to Sell the Property

Michelle Gonzalez

MMLS Assoc.-Inactive Member License #3311137 Listed on: 06/04/2014

Last Buyer's Agent

Robert Tammaro

MMLS Assoc.-Inactive Member License #3124066

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,075

Year Built

  • Built in 1925 | Newly Remodeled

Lot Details

  • 1,870 Sq Ft Lot
  • Northwest Facing Home
  • Property is zoned 57/GENER

Home Design

  • Patio Lot
  • Frame Construction
  • Concrete Block And Stucco Construction

Interior Spaces

  • 945 Sq Ft Home
  • Tile Flooring

Kitchen

  • Electric Range
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • On-Street Parking
  • Open Parking

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • 9 10 54 41 Grapeland Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 01-41-10-002-2057

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,075

Year Built

Built in 1925 | Newly Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1925
  • Property Sub Type: Single Family Residence
  • Architectural Style: Attached, Patio/Zero Lot
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Structure Type: R30-No Pool/No Water, House
  • Subdivision Name: 9-10 54 41 GRAPELAND SUB
  • Year Built Details: New Construction
  • MIAMIRE_PoolYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: 5120

Interior Features

  • Appliances: Microwave, Electric Range
  • Interior Amenities: Other
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Tile
  • Furnished: Unfurnished
  • Living Area: 945
  • Possible Use: Unknown/Withheld
  • Bedroom Features: Other
  • Living Room Features: Other

Exterior Features

  • Roof: Other
  • View: None
  • Exterior Features: Other
  • Construction Type: CBS Construction, Frame
  • Direction Faces: Northwest
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • Property Condition: New Construction
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: 9-10 54 41 GRAPELAND SUB
  • Open Parking: Yes
  • Parking Features: On Street

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
  • Community Features: Other

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 01-41-10-002-2057
  • Lot Size Sq Ft: 1870
  • Zoning: 57/GENER
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 1075

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2015
Closed on
Jun 22, 2015
Sold by
Guillermo J Patino Pa
Bought by
Campos Luisa I
Seller's Agent
Guillermo Patino
Euflorida Realty, Inc.
Buyer's Agent
Luis Garcia
Coldwell Banker Realty
List Price
$149,950
Sold Price
$150,000
Premium/Discount to List
$50
0.03%
Current Estimated Value
$500,120

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$350,120
Avg. Annual Appreciation
12.60%
Original Mortgage
$147,283
Outstanding Balance
$116,696
Interest Rate
4.25%
Mortgage Type
FHA
Estimated Equity
$383,424

Purchase Details

Listed on
Aug 18, 2014
Closed on
Jan 23, 2015
Sold by
Wythe Capital Trust Llc
Bought by
Guillermo J Patino Pa
Seller's Agent
Michelle Gonzalez
MMLS Assoc.-Inactive Member
Buyer's Agent
Robert Tammaro
MMLS Assoc.-Inactive Member
List Price
$114,900
Sold Price
$65,000
Premium/Discount to List
-$49,900
-43.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
668.78%
Original Mortgage
$60,000
Interest Rate
3.9%
Mortgage Type
Unknown

Purchase Details

Listed on
Aug 18, 2014
Closed on
Dec 17, 2014
Sold by
Fannie Mae
Bought by
Wythe Capital Trust Llc
Seller's Agent
Michelle Gonzalez
MMLS Assoc.-Inactive Member
Buyer's Agent
Robert Tammaro
MMLS Assoc.-Inactive Member
List Price
$114,900
Sold Price
$65,000
Premium/Discount to List
-$49,900
-43.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
3.9%
Mortgage Type
Unknown

Purchase Details

Closed on
May 20, 2014
Sold by
Tamayo William Cedeno
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jan 9, 2008
Sold by
Lopez Marta C
Bought by
Cedeno Tamayo William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
5.94%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 15, 2003
Sold by
Hernandez Yolanda
Bought by
Rivera Hernaldo and Rivera Sonia L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,500
Interest Rate
6.45%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 23, 2001
Sold by
Richard Rodriguez
Bought by
Hernandez Yolanda

Purchase Details

Closed on
Aug 2, 1999
Sold by
Rodriguez Richard
Bought by
Rodriguez Reina I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,500
Interest Rate
7.66%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Warranty Deed $150,000 Attorney
Warranty Deed $66,200 Attorney
Special Warranty Deed $65,000 Multiple
Trustee Deed $32,600 None Available
Warranty Deed $330,000 None Available
Warranty Deed $86,500 Executive Title Of S Fl Inc
Deed $70,000 --
Warranty Deed $70,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $147,283 FHA
Previous Owner $60,000 Unknown
Previous Owner $330,000 Unknown
Previous Owner $255,000 Unknown
Previous Owner $34,000 Stand Alone Second
Previous Owner $33,000 Credit Line Revolving
Previous Owner $86,500 Unknown
Previous Owner $66,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/23/2022 02/23/22 Rented -- -- --
02/16/2022 02/16/22 Under Contract -- -- --
01/10/2022 01/10/22 For Rent $3,200 0.0% --
06/22/2015 06/22/15 Sold $150,000 0.0% $115 / Sq Ft
03/06/2015 03/06/15 Pending -- -- --
02/27/2015 02/27/15 For Sale $149,950 +130.7% $115 / Sq Ft
01/23/2015 01/23/15 Sold $65,000 0.0% $69 / Sq Ft
01/23/2015 01/23/15 Sold $65,000 -34.9% $69 / Sq Ft
12/23/2014 12/23/14 Pending -- -- --
12/23/2014 12/23/14 Pending -- -- --
10/08/2014 10/08/14 Price Changed $99,900 0.0% $106 / Sq Ft
10/08/2014 10/08/14 Price Changed $99,900 -9.1% $106 / Sq Ft
10/07/2014 10/07/14 Price Changed $109,900 0.0% $116 / Sq Ft
09/03/2014 09/03/14 Price Changed $109,900 -4.4% $116 / Sq Ft
08/18/2014 08/18/14 For Sale $114,900 0.0% $122 / Sq Ft
08/11/2014 08/11/14 Price Changed $114,900 -4.2% $122 / Sq Ft
07/07/2014 07/07/14 Price Changed $119,900 -4.0% $127 / Sq Ft
06/04/2014 06/04/14 For Sale $124,900 -- $132 / 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 $1,721 $111,861 -- --
2024 $1,689 $108,709 -- --
2023 $1,689 $105,543 $0 $0
2022 $1,626 $102,469 $0 $0
2021 $1,607 $99,485 $0 $0
2020 $1,583 $98,112 $0 $0
2019 $1,539 $95,907 $0 $0
2018 $1,472 $94,119 $0 $0
2017 $1,448 $92,184 $0 $0
2016 $1,442 $90,288 $0 $0
2015 $1,993 $72,527 $0 $0
2014 -- $33,030 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A1959206

MIAMI REALTORS® MLS

APN: 01-4110-002-2057