NOT LISTED FOR SALE

7040 SW 16th St Miami, FL 33155

Coral Terrace Neighborhood

Estimated Value: $633,687 - $660,000

5 Beds
3.5 Baths
2,474 Sq Ft
$260/Sq Ft Est. Value

Last Sold June 27, 2014

Last sale price $270,000 $109 Per Sq Ft

Est. 138% increase in value since last sale

Current estimated payment $4,124/month

48 Days on Market

Highlights

  • Room in yard for a pool
  • Main Floor Primary Bedroom
  • No HOA
  • Wood Flooring
  • Garden View
  • Balcony

About This Home

As of June 2014

Spacious home 3/3 with 1/1 in-law quarters plus upstairs 1/1 studio. A total of 5 bedrooms 5 baths. Tenant occupied, no lease. show by appointment only.

Last Agent to Sell the Property

Alfa Cubas

MMLS Assoc.-Inactive Member License #0125343 Listed on: 03/06/2014

Last Buyer's Agent

Daisy Menendez

Century 21 Dorar Realty License #3090313

Century 21 Dorar Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,765

Year Built

  • Built in 1957

Lot Details

  • 7,500 Sq Ft Lot
  • North Facing Home
  • Property is zoned 51/BUNGA

Home Design

  • Studio
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,474 Sq Ft Home
  • 2-Story Property
  • Awning
  • Family or Dining Combination
  • Garden Views
  • Electric Range

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • In-Law or Guest Suite
  • Bathtub and Shower Combination in Primary Bathroom

Parking

  • 1 Attached Carport Space
  • Driveway
  • Open Parking

Outdoor Features

  • Room in yard for a pool
  • Balcony

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Air
  • Heating Available
  • Septic Tank

Community Details

  • No Home Owners Association
  • 11 54 40 Harwood Village Subdivision

Listing and Financial Details

  • Assessor Parcel Number 30-40-11-024-0460

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,765

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1957
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, One Story, Two Story
  • Carport Y N: Yes
  • Directions: 72 AVE TO 16 STREET TURN SOUTH UNTIL 16 TERR. WEST TO 7040 ON SOUTH SIDE OF STREET
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Structure Type: R30-No Pool/No Water, House
  • Subdivision Name: 11 54 40 HARWOOD VILLAGE
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Appliances: Electric Range, Refrigerator
  • Interior Amenities: First Floor Entry, Separate Guest/In-Law Quarters, Studio Apartment
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Flooring: Tile, Wood
  • Furnished: Unfurnished
  • Living Area: 2474
  • Possible Use: Primary
  • Window Features: Awning
  • Bedroom Features: Primary Bedroom Ground Level
  • Dining Room Features: Family/Dining Combination
  • Living Room Features: Separate Guest/In-Law Quarters, Studio Apartment
  • Master Bathroom Features: Combination Tub & Shower

Exterior Features

  • Roof: Other
  • View: Garden
  • Exterior Features: Open Balcony, Room For Pool
  • Construction Type: CBS Construction
  • Direction Faces: North
  • Lot Features: Less Than 1/4 Acre Lot
  • Patio And Porch Features: Awning(s), Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: 11 54 40 HARWOOD VILLAGE
  • Carport Spaces: 1
  • Covered Parking Spaces: 1
  • Open Parking: Yes
  • Parking Features: Attached Carport, Driveway, Limited # Of Vehicle

Utilities

  • Sewer: Septic Tank
  • Water Source: Municipal Water
  • Cooling: Central Air, Electric, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Paved Road

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 30-40-11-024-0460
  • Lot Size Sq Ft: 7500
  • Zoning: 51/BUNGA
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 3765

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 7, 2021
Sold by
Tambara Hipolito and Tambara Mirta
Bought by
Almeida Ruben
Current Estimated Value
$643,330

Purchase Details

Closed on
Feb 22, 2016
Sold by
Tambara Mirta
Bought by
Tambara Hipolito and Tambara Mirta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,500
Interest Rate
4.37%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Mar 20, 2014
Sold by
Leon Clara Maria
Bought by
Leon Clara Maria and Tambara Mirta
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
Almeida Ruben -- None Available
Tambara Hipolito $127,300 Elite Land Title Inc
Leon Clara Maria -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tambara Hipolito $427,500
Previous Owner Leon Clara $409,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2014 06/27/14 Sold $270,000 -5.3% $109 / Sq Ft
04/24/2014 04/24/14 Pending -- -- --
03/06/2014 03/06/14 For Sale $285,000 -- $115 / 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 $7,218 $435,502 -- --
2024 $7,144 $423,229 -- --
2023 $7,144 $410,902 $256,500 $154,402
2022 $6,792 $366,063 $225,000 $141,063
2021 $3,828 $227,870 $0 $0
2020 $3,784 $224,724 $0 $0
2019 $3,699 $219,672 $0 $0
2018 $3,512 $214,962 $0 $0
2017 $3,482 $210,541 $0 $0
2016 $3,450 $206,211 $0 $0
2015 $3,920 $180,890 $0 $0
2014 -- $164,446 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2014

    Alfa Cubas

    MMLS Assoc.-Inactive Member

    Section Image

  • D

    Buyer's Agent in 2014

    Daisy Menendez

    Century 21 Dorar Realty

    8 Total Sales

    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A1917236

MIAMI REALTORS® MLS

APN: 30-4011-024-0330

Florida Miami/Dade County Miami 33144 Coral Terrace

7040 SW 16th St, Miami, FL

This home is located at 7040 SW 16th St, Miami, FL 33155 since 06 March 2014 and is currently estimated at $643,922, approximately $260 per square foot. This property was built in 1957. 7040 SW 16th St is a home located in Miami-Dade County with nearby schools including Coral Terrace 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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