$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
1,742 Sq Ft Lot

Recently Sold

$69 Per Sq Ft

43% Below List Price

126 Days on Market

Highlights

  • Patio
  • Tile Flooring
  • Central Heating and Cooling System
  • Coral Gables Preparatory Academy Rated A-

About This Home

As of June 2015

This property is now under auction terms. This property is subject to a 5% buyer's premium pursuant to the Auction Terms & Conditions (minimums may apply). Please note that the commission percentages may change between the pre-sale and auction periods so please contact listing agent to verify exact commission terms. All auction assets will be sold subject to seller approval. Please contact listing agent for details.

Last Agent to Sell the Property

Michelle Gonzalez

MMLS Assoc.-Inactive Member License #3311137 Listed on: 08/18/2014

Last Buyer's Agent

Robert Tammaro

MMLS Assoc.-Inactive Member License #3124066

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,075

Year Built

  • Built in 1925

Parking

  • 1 Car Parking Space

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 945 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Kitchen

  • Electric Range
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Additional Features

  • Patio
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 01-41-10-002-2050

Community Details

Overview

  • Property has a Home Owners Association
  • Grapeland Condos

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,075

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1925
  • Property Sub Type: Condominium
  • Entry Level: 1
  • Garage Yn: No
  • Horses: No
  • Unit Levels: 0
  • New Construction: No
  • Structure Type: Condo 1-4 Stories, Condo
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: 4116

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
  • Stories: 1
  • Bedroom Features: Other

Exterior Features

  • View: None
  • Exterior Features: None
  • Construction Type: CBS Construction
  • Patio And Porch Features: Patio
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: GRAPELAND
  • Parking Features: 1 Space

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: No Security

Condo/Co-op/Association

  • Amenities: None
  • Association: Yes

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 01-41-10-002-2050
  • Lot Size Sq Ft: 1870
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Maximum 20 Lbs

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

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Range of Values:

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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: A1992595

MIAMI REALTORS® MLS

APN: 01-4110-002-2057