by RH Advisors

See Home Value
$625,000
House - Off Market

1892 SW 16th St

Miami, FL 33145
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1900 Sqft
$3,840
Estimated Monthly
$0
HOA / Fees
5.91%
Cap Rate

About This Property

This 3 bedroom, 2 bathroom home with a legal additional 1/1 unit in the rear of the property is on a corner lot and is a diamond in the rough, situated in one of the most desirable neighborhoods in town. While the property need a complete rehab, it has amazing bones and has tons of potential. This fixer upper needs imagination, vision, and elbow grease, this could easily be your dream home. Plus, the location simply can't be beat - just steps from the best schools, parks, dining and entertainment Miami has to offer. Recent sales of updated homes in the surrounding blocks have closed for over $1.2 million, allowing you to maximize your investment as you restore this house to its glory.
Unit Size
1,900Ft²
Days on Market
49 days
Land Size
0.13 acres
Price per sqft
$368
Property Type
House
Property Taxes
$408
HOA Dues
-
Year Built
1938
Last updated: 5 months ago (Miami MLS #A11478730)

Price History

Date / Event Date Event Price
Jan 2, 2024 Sold $625,000
Sold
Dec 1, 2023 In contract -
In contract
Oct 31, 2023 Listed by Miami Properties Investors, LLC $699,000
Listed by Miami Properties Investors, LLC

Property Highlights

Building Info

Overview

    General

  • Year Built: 1938
  • Effective Year Built: 1968
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Construction Type: Concrete block
  • Building Style: Duplex
  • Exterior Walls Type: Concrete block
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Tile
  • Floor Count: 1
  • Living Units: 2
  • Floor Cover: Covered
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,467
  • Lot Size Depth Feet: 1,090
  • Lot Size Frontage Feet: 502
  • Total Building Area: 2,250
  • Gross Building Area: 2,250
  • Building Area: 1,900
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,900
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: DURNIERS SUB
  • Land Acres: 0.126
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: 10 54 41 DURNIERS SUB SEC 2 PB 15-59 LOT 14 BLK 4 LOT SIZE 50.160 X 109 OR 17793-4689 0997 1

Ownership

  • Current Owner : 1892 SW 16TH ST LLC
  • Previous Owner : JAX MIAMI LLC
  • Owner Before Previous Owner: MORKASA INVESTMENT INC
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: MIAMI
  • Census Tract: 006503

Zoning

  • Zoning: 0100

Geography

  • Assessors Map Reference: 246
  • District: 01
  • Parcel: 01-4110-031-0140
  • Block: 4
  • Lot: 14
  • Meridian: SEC 10 TWN 54S RNG 41E
  • Municipality: MIAMI
  • Latitude: 25.7579
  • Longitude: -80.2262

    Address

  • Full Address: 1892 Sw 16th St
  • Address - House Number: 1892
  • Street Direction: SW
  • Address - Street Name: 16th
  • Address - Suffix Type: St
  • State: FL
  • City Name: Miami
  • Carrier Code: C025
  • 4-Digit Zip Code: 1429
  • Zip Code: 33145

Valuation

    Tax

  • Total Area: 1,853
  • Tax Year: 2023
  • Tax Amount: $11,071
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: 100

    Appraisal Valuation

  • Standard Deviation: 0.1834
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 76
  • Final Value: 736,096
  • High Value: 871,155
  • Low Value: 601,037

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $870,950
  • First Open Lien Mortgage Lender: ICE LENDER HOLDINGS LLC
  • First Open Lien Mortgage Recording Date: Jan 02, 2024
  • First Open Lien Mortgage Loan Amount: $870,950
  • First Open Lien Mortgage Term: 12
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Balloon
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2025

    Market Valuation

  • Market Total Value: $501,602
  • Market Land Value: $355,317
  • Market Improvement Value: $146,285

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $501,602
  • Assessed Land Value: $355,317
  • Assessed Improvements Value: $146,285

    Sales

  • Current Sale Contract Date: Dec 18, 2023
  • Current Sale Recording Date: Jan 02, 2024
  • Current Sale Transaction ID: 11918824034
  • Current Sale Price: $625,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1027
  • Previous Sale Recording Date: Sep 17, 1997
  • Previous Sale Amount: $123,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ICE LENDER HOLDINGS LLC
  • First Mortgage Transaction Date: Jan 02, 2024
  • First Mortgage Loan Amount: $870,950
  • First Mortgage Terms: 12
  • First Mortgage Loan Type: Balloon
  • First Mortgage Loan Due Date: Jan 01, 2025

    Previous Mortgages

  • Previous Mortgage Lender: ANTUNEZ, EMILIANO
  • Previous Mortgage Transaction Date: Sep 17, 1997
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $85,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Balloon



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
3 Baths
1,931 ft²
$365/ft²
$705,000 Nov 11, 2023
$705,000 Dec 28, 2023
$320/mo
House
3 Beds
2 Baths
1,612 ft²
$357/ft²
$575,000 Jul 14, 2023
$575,000 Oct 27, 2023
$175/mo
House
3 Beds
1 Bath
1,458 ft²
$453/ft²
$660,000 Feb 23, 2023
$660,000 Dec 4, 2023
$155/mo
House
3 Beds
1 Bath
1,288 ft²
$497/ft²
$640,000 Oct 24, 2023
$640,000 Dec 28, 2023
$510/mo
House
3 Beds
2 Baths
1,228 ft²
$566/ft²
$695,000 Aug 13, 2023
$695,000 Sep 18, 2023
$178/mo
House
3 Beds
2 Baths
1,401 ft²
$425/ft²
$596,000 Aug 14, 2023
$596,000 Dec 14, 2023
$113/mo
House
3 Beds
2 Baths
1,822 ft²
$390/ft²
$710,000 Sep 2, 2023
-
$310/mo
House
3 Beds
3 Baths
1,724 ft²
$423/ft²
$730,000 Sep 11, 2023
-
$622/mo
House
3 Beds
2 Baths
2,043 ft²
$391/ft²
$799,000 Sep 30, 2023
-
$457/mo
House
3 Beds
2 Baths
2,054 ft²
$389/ft²
$800,000 Dec 7, 2023
-
$207/mo
House
3 Beds
2 Baths
1,672 ft²
$449/ft²
$749,999 Mar 16, 2022
-
$543/mo
House
3 Beds
2 Baths
1,625 ft²
$461/ft²
$749,900 Oct 31, 2023
-
$651/mo

About Coral Way


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Frequently Asked Questions

When was property at 1892 Southwest 16th Street built and last sold?
The property at 1892 Southwest 16th Street was built in 1938 and last sold on Dec 18, 2023 for $625,000.
How much is this home worth?
The estimated value of the home located at 1892 Southwest 16th Street is $734,166.
What are some comparable homes to 1892 Southwest 16th Street?
Homes that are comparable to 1892 Southwest 16th Street include a house property at 1934 Southwest 21st Avenue, 1703 Southwest 10th Street, 1570 Southwest 3rd Street.

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