1944 Southwest 16th Terrace

Local assessors in Miami, FL have categorized 1944 Southwest 16th Terrace as a residential type of property. The home was built in 1936 and is 88 years old. The property's lot size has been calculated to be 12,041 square feet. The linear feet between the front and back of the lot was measured at 1,160 ft and the front of the lot was measured at 1,038 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a multifamily style. 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, 5 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 4 full bathrooms. There are also 4 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1944 Southwest 16th Terrace has a total of 2,335 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 carport for those who need a place to park their vehicle. The garage on the property is 618 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has a unknown so you'll have a great option in the back of the home. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - D. The building has a gable or hip style roof that was made of tile. Lots of asbestos shingle were used in the construction of the exterior walls of the home. As for flooring, was the material of choice during construction. 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, 1944 Southwest 16th Terrace sold most recently in Mar 16, 2022 for a total of $1,362,000. If you work out the math, that's approximately a cost of $583.30 per sqft. Before that, the property was also sold for $812,000 in Jun 1, 2021. 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 $19,184 in taxes each year. The initial year of tax delinquency occurred in 2022. 1944 Southwest 16th Terrace was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $877,761. If we break it down further, the land itself was valued at $782,665. Improvements to the property, however, were assessed at a total of $95,096. The property's total market value has been marked the same as the total assessed value which is pretty typical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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.