NOT LISTED FOR SALE

7031 SW 16th St Miami, FL 33155

Coral Terrace Neighborhood

Estimated Value: $594,000 - $658,000

2 Beds
1 Bath
897 Sq Ft
$711/Sq Ft Est. Value

Last Sold October 31, 2018

Last sale price $315,000 $351 Per Sq Ft

Est. 103% increase in value since last sale

Current estimated payment $4,056/month

151 Days on Market

Highlights

  • Garden View
  • No HOA
  • Central Heating and Cooling System
  • Flagami Elementary School Rated A-
  • 1-Story Property
  • South Facing Home

About This Home

As of October 2018

PRICE TO SELL!!!!!!!!!!!!! 2 BEDROOMS 2 BATHROOMS WITH ADDITIONAL STUDIO KITCHEN AND BATHROOM. GREAT INCOME PROPERTY ON LARGE LOT. CLOSE TO SHOPPING, SCHOOLS AND PUBLIC TRANSPORTATIONS AND HIGHWAYS, NO HO, EASY TO SHOW.

Last Agent to Sell the Property

Rosamer Crescente Boada

MMLS Assoc.-Inactive Member License #3367263 Listed on: 05/04/2018

Last Buyer's Agent

Idania Miranda

Premium Estates Realty Corp License #3137564

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,096

Year Built

  • Built in 1955

Lot Details

  • 8,025 Sq Ft Lot
  • South Facing Home
  • Property is zoned 5100

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 897 Sq Ft Home
  • 1-Story Property
  • Garden Views
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • Driveway
  • Open Parking

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Tamiami City Revised Subdivision

Listing and Financial Details

  • Assessor Parcel Number 30-40-11-009-0893

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,096

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1955
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, One Story
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Structure Type: R30-No Pool/No Water, House
  • Subdivision Name: TAMIAMI CITY REVISED
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Microwave
  • Interior Amenities: First Floor Entry, Other
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Other
  • Furnished: Unfurnished
  • Living Area: 897
  • Possible Use: Primary
  • Bedroom Features: Other
  • Living Room Features: Other

Exterior Features

  • Roof: Other
  • View: Garden
  • Exterior Features: None
  • Construction Type: CBS Construction
  • Direction Faces: South
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: TAMIAMI CITY REVISED
  • Open Parking: Yes
  • Parking Features: Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Other

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 30-40-11-009-0893
  • Lot Size Sq Ft: 8025
  • Zoning: 5100
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 4096

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 19, 2020
Sold by
Tan Hansy and Rodriguez David Tan
Bought by
Tan Hansy and Rodriguez David Tan
Current Estimated Value
$637,915

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$306,000
Outstanding Balance
$272,441
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$369,052

Purchase Details

Listed on
May 4, 2018
Closed on
Oct 31, 2018
Sold by
Murillo Margarita
Bought by
Rodriguez David Tan and Tan Hansy
Seller's Agent
Rosamer Crescente Boada
MMLS Assoc.-Inactive Member
Buyer's Agent
Idania Miranda
Premium Estates Realty Corp
List Price
$400,000
Sold Price
$315,000
Premium/Discount to List
-$85,000
-21.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.89%
Original Mortgage
$299,250
Interest Rate
4.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 29, 2016
Sold by
Cabrera Julio C
Bought by
Murillo Margarita

Purchase Details

Closed on
Apr 23, 2010
Sold by
Perez Severina A
Bought by
Perez Severina A and Fleck Alicia E

Purchase Details

Closed on
Dec 12, 2008
Sold by
Perez Severina A and Fleck Alicia E
Bought by
Garcia Francisco
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
Tan Hansy -- Franklin Title Group Llc
Rodriguez David Tan $315,000 Unlimited Title Group Corp
Murillo Margarita $155,000 Attorney
Perez Severina A -- Attorney
Garcia Francisco $139,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tan Hansy $306,000
Closed Rodriguez David Tan $299,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2018 10/31/18 Sold $315,000 -1.6% $351 / Sq Ft
10/02/2018 10/02/18 Pending -- -- --
08/15/2018 08/15/18 Price Changed $320,000 -17.7% $357 / Sq Ft
06/26/2018 06/26/18 Price Changed $389,000 -2.8% $434 / Sq Ft
05/04/2018 05/04/18 For Sale $400,000 -- $446 / 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 $7,897 $476,751 -- --
2024 $7,613 $463,315 $312,975 $150,340
2023 $7,613 $402,292 $0 $0
2022 $6,787 $365,720 $232,886 $132,834
2021 $4,908 $289,259 $0 $0
2020 $4,853 $285,266 $184,575 $100,691
2019 $5,037 $255,360 $154,481 $100,879
2018 $4,347 $223,089 $134,419 $88,670
2017 $4,096 $205,536 $0 $0
2016 $3,994 $196,811 $0 $0
2015 $3,974 $192,152 $0 $0
2014 -- $175,171 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2018

    Rosamer Crescente Boada

    MMLS Assoc.-Inactive Member

  • Idania Miranda

    Buyer's Agent in 2018

    Idania Miranda

    Premium Estates Realty Corp

    (786) 326-8843

    91 Total Sales

    Idania Miranda
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10463779

MIAMI REALTORS® MLS

APN: 30-4011-009-0893

Florida Miami/Dade County Miami 33144 Coral Terrace

7031 SW 16th St, Miami, FL

This home is located at 7031 SW 16th St, Miami, FL 33155 since 04 May 2018 and is currently estimated at $637,915, approximately $711 per square foot. This property was built in 1955. 7031 SW 16th St is a home located in Miami-Dade County with nearby schools including Flagami Elementary School, West Miami Middle School, and South 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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