1866 Southwest 25th Terrace

1866 Southwest 25th Terrace has been categorized by the local assessors in Miami, FL as a residential type of property. The building on the property was first built in 1937 and is 87 years old. However, we must point out that the home was most recently renovated and altered in 1992. The home has a total of 3 bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 1866 Southwest 25th Terrace has 1,561 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,040 ft and across the front of the lot is 500 ft. The area measurement of the land has been determined as 5,200 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with concrete block control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of D by the local assessor. The exterior walls of the building are made of concrete block. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1866 Southwest 25th Terrace was last sold in May 2, 2023 for $550,000. According to our calculations, that's $251.95 per sqft. Prior to that sales transaction, the property was sold for $175,000 in Mar 3, 2022. Current property owners are expected to pay $10,037 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2022. The property on 1866 Southwest 25th Terrace was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $469,797. To break that down further, the land itself was valued at $312,000. While improvements to the property were assessed at a total of $157,797. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.