NOT LISTED FOR SALE

7111 SW 16th St Miami, FL 33155

Coral Terrace Neighborhood

Estimated Value: $1,039,000 - $1,207,000

5 Beds
4 Baths
3,854 Sq Ft
$288/Sq Ft Est. Value

Last Sold November 22, 2021

Last sale price $760,000 $197 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $7,257/month

63 Days on Market

Highlights

  • No HOA
  • Ceramic Tile Flooring
  • Ceiling Fan
  • Flagami Elementary School Rated A-
  • Central Heating and Cooling System
  • Fenced

About This Home

As of November 2021

Great opportunity to own a multi-family income property in an excellent location! This property has 3 spacious units, all rented to long term tenants with an excellent rental record. All units are completely independent with private entrances and up to 10 cars front parking spaces. The front unit is a 4 bedroom/3 baths, the second floor unit is a 3/2 and the back apartment is a 2/1. All the renovation work in this property has been done with permits, all units have independent electrical meters, all with living, dining and complete kitchens, A/C, ceiling fans and more. The patio area is roomy and has a storage unit. The house is located in the heart of Miami, only minutes from Coral Gables, Downtown Miami, Nicklaus Children Hospital and much more. This unique opportunity is priced to sell!

Last Agent to Sell the Property

Rosemarie Marin

Urban Team Realty LLC License #3197429 Listed on: 09/20/2021

Last Buyer's Agent

Adriana Martinez

Onebest International Realty License #3235285

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,857

Year Built

  • Built in 1980

Lot Details

  • 10,280

Parking

  • 10 Parking Spaces

Home Design

  • Duplex
  • Shingle Roof

Interior Spaces

  • 3,854 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Ceramic Tile Flooring

Additional Features

  • Fenced
  • Central Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $57,600
  • Assessor Parcel Number 30-40-11-032-0010

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Ronca Sub Condos
  • Ronca Sub Subdivision

Building Details

  • Operating Expense $14,000
  • Net Operating Income $43,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,857

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1980
  • Property Sub Type: Duplex
  • Architectural Style: Attached, Other
  • Horses: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Triplex, Duplex
  • Subdivision Name: RONCA SUB
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Flooring: Ceramic Floor
  • Living Area: 3854
  • Possible Use: Primary
  • Stories: 2

Exterior Features

  • Roof: Shingle
  • Exterior Features: Fruit Trees
  • Fencing: Fenced
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: RONCA SUB
  • Total Parking Spaces: 10

Utilities

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

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 30-40-11-032-0010
  • Zoning: 5700
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: None

Multi Family

  • Net Operating Income: 43600
  • Number Of Units In Community: 3
  • Annual Operating Expense: 14000
  • Total Actual Rent: 57600

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 8857

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2021
Closed on
Nov 19, 2021
Sold by
Miralles Guillermo and Miralles Niria
Bought by
Martinez Adriana Gonzalez and Martinez David A
Seller's Agent
Rosemarie Marin
Urban Team Realty LLC
Buyer's Agent
Adriana Martinez
Onebest International Realty
List Price
$799,000
Sold Price
$760,000
Premium/Discount to List
-$39,000
-4.88%
Current Estimated Value
$1,110,208

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$350,208
Avg. Annual Appreciation
11.46%
Original Mortgage
$181,000
Outstanding Balance
$123,815
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$1,027,633

Purchase Details

Closed on
Aug 7, 1997
Sold by
Jaime Camilo M and Jaime Vivian G
Bought by
Miralles Guillermo and Miralles Niria

Purchase Details

Closed on
Jul 8, 1996
Sold by
Minervino and Camacho Orfelina
Bought by
Jaime Camilo M and Jaime Vivian G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.99%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Martinez Adriana Gonzalez $685,000 Citation Title Company Inc
Miralles Guillermo $97,900 --
Jaime Camilo M $180,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martinez Adriana Gonzalez $181,000
Open Martinez Adriana Gonzalez $582,250
Previous Owner Jaime Camilo M $36,200
Previous Owner Jaime Camilo M $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2021 11/22/21 Sold $760,000 -4.9% $197 / Sq Ft
09/20/2021 09/20/21 For Sale $799,000 -- $207 / 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 $16,723 $844,784 $480,303 $364,481
2024 $11,767 $771,654 $355,780 $415,874
2023 $11,767 $694,792 $0 $0
2022 $11,374 $674,556 $280,177 $394,379
2021 $9,449 $506,596 $220,139 $286,457
2020 $8,857 $478,019 $189,318 $288,701
2019 $8,264 $455,569 $164,624 $290,945
2018 $7,104 $410,496 $141,988 $268,508
2017 $6,707 $331,114 $0 $0
2016 $6,351 $301,013 $0 $0
2015 $5,790 $273,649 $0 $0
2014 $5,537 $248,772 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Rosemarie Marin

    Seller's Agent in 2021

    Rosemarie Marin

    Urban Team Realty LLC

    1 in this area

    9 Total Sales

    Rosemarie Marin
    Section Image

  • A

    Buyer's Agent in 2021

    Adriana Martinez

    Onebest International Realty

    (305) 753-8312

    1 in this area

    6 Total Sales

    Adriana Martinez
    Section Image
See All Agents

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11100730

MIAMI REALTORS® MLS

APN: 30-4011-032-0010

Florida Miami/Dade County Miami 33144 Coral Terrace

7111 SW 16th St, Miami, FL

This home is located at 7111 SW 16th St, Miami, FL 33155 since 20 September 2021 and is currently estimated at $1,110,208, approximately $288 per square foot. This property was built in 1980. 7111 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.

Nearby Homes