16553 Southwest 50th Terrace

Local assessors in Miami, FL have categorized 16553 Southwest 50th Terrace as a residential type of property. The home was built in 2003 and is 21 years old. The property's lot size has been calculated to be 5,000 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 16553 Southwest 50th Terrace has a total of 1,949 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 280 sqft. Do you like to entertain? The home has a unknown so you'll have a great option in the front of the home. The building has a rigid frame bar style roof that was made of materials that we aren't sure of. Lots of concrete block were used in the construction of the exterior walls of the home. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 16553 Southwest 50th Terrace sold most recently in Jun 1, 2004 for a total of $255,000. If you work out the math, that's approximately a cost of $102.37 per sqft. Before that, the property was also sold for $233,500 in Feb 27, 2003. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $3,980 in taxes each year. 16553 Southwest 50th Terrace was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $230,044. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.