NOT LISTED FOR SALE

3541 SW 16th Terrace Miami, FL 33145

Coral Way Neighborhood

Estimated Value: $782,000 - $967,000

4 Beds
2 Baths
2,016 Sq Ft
$438/Sq Ft Est. Value

Last Sold November 03, 2022

Last sale price $700,000 $347 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $5,874/month

173 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Central Heating and Cooling System
  • Coral Gables Preparatory Academy Rated A-
  • Cooling System Mounted To A Wall/Window
  • Ceiling Fan

About This Home

As of November 2022

Incredible Opportunity!! Rare find of this duplex just a few blocks from Coral Gables!! Attractively located near Miracle Miles, Ponce De Leon, and 8th Street. Don't miss the opportunity to own this duplex where each unit consists of 2/1 with den as a potential use as 3rd room. Ready to be rented and start making money. Gated and with accordion shutters throughout. Close to many restaurants and shops. Must see!!

Last Agent to Sell the Property

Oreibis Geralde

Delphi Investment Realty License #3209092 Listed on: 05/07/2022

Delphi Investment Realty

Last Buyer's Agent

Enzo Malatesta

Miami Partner Realty, LLC License #3297232

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,808

Year Built

  • Built in 1948

Lot Details

  • 5,881

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • Barrel Roof Shape

Interior Spaces

  • 2,016 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Flooring

  • Wood
  • Tile

Utilities

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

Community Details

  • No Home Owners Association
  • 2 Units
  • Davis Citrus Farms Condos
  • Davis Citrus Farms Subdivision

Listing and Financial Details

  • Rent includes cable TV
  • Assessor Parcel Number 01-41-09-029-0160

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,808

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1948
  • Property Sub Type: Duplex
  • Architectural Style: Detached
  • Directions: See GPS
  • Horses: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Duplex
  • Subdivision Name: DAVIS CITRUS FARMS
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Interior Amenities: Stairs
  • Flooring: Tile, Wood
  • Living Area: 2016
  • Possible Use: Unknown/Withheld
  • Stories: 2

Exterior Features

  • Roof: Barrel Roof
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: DAVIS CITRUS FARMS
  • Total Parking Spaces: 4

Utilities

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

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 01-41-09-029-0160
  • Zoning: 5700
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Cable TV, None

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 3808

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2022
Closed on
Nov 2, 2022
Sold by
Cabrera Nancy
Bought by
Oltremare Investments Llc
Seller's Agent
Oreibis Geralde
Delphi Investment Realty
Buyer's Agent
Enzo Malatesta
Miami Partner Realty, LLC
List Price
$975,000
Sold Price
$700,000
Premium/Discount to List
-$275,000
-28.21%
Views
5
Current Estimated Value
$882,065

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$182,065
Avg. Annual Appreciation
10.10%

Purchase Details

Closed on
Oct 13, 2021
Sold by
Araujo Estela and Perez Estela
Bought by
Araujo Estela and Cabrera Nancy

Purchase Details

Closed on
Jan 18, 2002
Sold by
Hector Perez M and Hector Estela Perez
Bought by
Perez Estela
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
Oltremare Investments Llc $700,000 Law Title
Araujo Estela -- Accommodation
Perez Estela -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Araujo Estela $50,000
Previous Owner Perez Estela $59,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/03/2022 11/03/22 Sold $700,000 -9.7% $347 / Sq Ft
10/27/2022 10/27/22 Pending -- -- --
08/18/2022 08/18/22 Price Changed $775,000 -7.2% $384 / Sq Ft
07/13/2022 07/13/22 Price Changed $835,000 -4.6% $414 / Sq Ft
06/15/2022 06/15/22 Price Changed $875,000 -4.4% $434 / Sq Ft
06/01/2022 06/01/22 Price Changed $915,000 -6.2% $454 / Sq Ft
05/07/2022 05/07/22 For Sale $975,000 -- $484 / 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 $12,816 $637,680 $423,936 $213,744
2024 $11,795 $594,994 -- --
2023 $11,795 $536,831 $353,280 $183,551
2022 $760 $237,912 $0 $0
2021 $760 $200,818 $0 $0
2020 $1,419 $225,519 $0 $0
2019 $1,404 $222,181 $0 $0
2018 $1,320 $209,326 $0 $0
2017 $1,254 $151,856 $0 $0
2016 $1,193 $142,332 $0 $0
2015 $1,163 $134,397 $0 $0
2014 $1,080 $127,091 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11200003

MIAMI REALTORS® MLS

APN: 01-4109-029-0160