NOT LISTED FOR SALE

2975 SW 16th Terrace Miami, FL 33145

Coral Way Neighborhood

Estimated Value: $210,000 - $305,000

1 Bed
1 Bath
640 Sq Ft
$393/Sq Ft Est. Value

Last Sold June 05, 2023

Last sale price $195,000 $305 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $1,591/month

227 Days on Market

Highlights

  • Main Floor Primary Bedroom
  • No HOA
  • 1-Story Property
  • Coral Gables Preparatory Academy Rated A-
  • Patio
  • Central Heating and Cooling System

About This Home

As of June 2023

Call now to make this property your own! This property features one bedroom and one bathroom. The cozy and familiar environment will make you feel right at home. Located in one of Miami’s most desired neighborhood. This property will not last! There are two units being sold, this listing is for unit #3. Seller is very motivated so call the listing agent to make your appointment!

Last Agent to Sell the Property

Rafael Perez

Perez Realty Team LLC License #3277675 Listed on: 09/13/2022

Last Buyer's Agent

Elsie Bencon

Conde Realty License #3484136

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,475

Year Built

  • Built in 1925

Lot Details

  • 880 Sq Ft Lot
  • South Facing Home
  • Property is zoned 5700

Parking

  • 2 Car Garage
  • Driveway
  • On-Street Parking
  • Open Parking

Interior Spaces

  • 640 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • 1 Full Bathroom

Additional Features

  • Patio
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Grapeland Subdivision

Listing and Financial Details

  • Assessor Parcel Number 01-41-10-002-2055

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,475

Year Built

Built in 1925

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1925
  • Property Sub Type: Single Family Residence
  • Architectural Style: Attached, One Story, Other
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Structure Type: R30-No Pool/No Water, House
  • Subdivision Name: GRAPELAND
  • Year Built Details: Effective Year Built
  • MIAMIRE_PoolYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Appliances: Other Equipment/Appliances
  • Interior Amenities: First Floor Entry, Other, No Additional Rooms
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Other
  • Furnished: Unfurnished
  • Living Area: 640
  • Possible Use: Primary
  • Bedroom Features: At Least 1 Bedroom Ground Level, Entry Level, Primary Bedroom Ground Level, Other
  • Living Room Features: No Additional Rooms, Other

Exterior Features

  • Roof: Other
  • View: None, Other
  • Exterior Features: Other
  • Construction Type: Other
  • Direction Faces: South
  • Lot Features: Less Than 1/4 Acre Lot
  • Patio And Porch Features: Patio
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: GRAPELAND
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: Driveway, Other, On Street

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Ceiling Fan(s), Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 01-41-10-002-2055
  • Lot Size Sq Ft: 880
  • Zoning: 5700
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 1475

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2022
Closed on
Feb 16, 2023
Sold by
Mandri Maria Elena and Mandri Jose N
Bought by
Gilbert Steven Jeffery and Gilbert Irina
Seller's Agent
Rafael Perez
Perez Realty Team LLC
Buyer's Agent
Steven Gilbert Jr
Florida Realty of Miami Corp
List Price
$300,000
Sold Price
$185,000
Premium/Discount to List
-$115,000
-38.33%
Current Estimated Value
$251,665

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,665
Avg. Annual Appreciation
15.45%
Original Mortgage
$175,750
Outstanding Balance
$170,619
Interest Rate
6.33%
Mortgage Type
New Conventional
Estimated Equity
$95,096

Purchase Details

Closed on
Jan 15, 2000
Sold by
Rodriguez Richard
Bought by
Kadre Jose N

Purchase Details

Closed on
Aug 10, 1999
Sold by
Dade County Circuit Court
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Dec 22, 1998
Sold by
Dade County Circuit Court
Bought by
Federal National Mortgage Association
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
Gilbert Steven Jeffery $185,000 Title Company Of Florida
Kadre Jose N $171,300 --
Federal Home Loan Mortgage Corporation -- --
Federal National Mortgage Association -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gilbert Steven Jeffery $175,750
Previous Owner Mandri Maria Elena $53,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/05/2023 06/05/23 Sold $195,000 -2.5% $305 / Sq Ft
04/28/2023 04/28/23 Pending -- -- --
12/07/2022 12/07/22 Price Changed $200,000 -13.0% $313 / Sq Ft
10/03/2022 10/03/22 Price Changed $230,000 -23.3% $359 / Sq Ft
09/13/2022 09/13/22 For Sale $300,000 -- $469 / 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 $2,637 $123,932 -- --
2024 $1,991 $112,666 $59,396 $53,270
2023 $1,991 $70,791 $0 $0
2022 $1,821 $64,356 $0 $0
2021 $1,583 $54,368 $0 $0
2020 $1,517 $61,295 $35,446 $25,849
2019 $1,415 $55,588 $29,698 $25,890
2018 $1,299 $50,255 $23,471 $26,784
2017 $1,212 $37,136 $0 $0
2016 $1,161 $33,760 $0 $0
2015 $1,062 $30,691 $0 $0
2014 $1,063 $30,068 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Rafael Perez

    Seller's Agent in 2023

    Rafael Perez

    Perez Realty Team LLC

    (786) 953-5870

    2 in this area

    26 Total Sales

    Rafael Perez
    Section Image
  • Elsie Bencon

    Buyer's Agent in 2023

    Elsie Bencon

    Conde Realty

    (305) 321-3205

    1 in this area

    5 Total Sales

    Elsie Bencon
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11268701

MIAMI REALTORS® MLS

APN: 01-4110-002-2053

Florida Miami/Dade County Miami 33145 Coral Way

2975 SW 16th Terrace, Miami, FL

This home is located at 2975 SW 16th Terrace, Miami, FL 33145 since 13 September 2022 and is currently estimated at $251,665, approximately $393 per square foot. This property was built in 1925. 2975 SW 16th Terrace is a home located in Miami-Dade County with nearby schools including Coral Gables Preparatory Academy, Ponce de Leon Middle School, and Coral Gables 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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