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2425 Southwest 16th Street

2425 Southwest 16th Street, Miami, FL 33145
Multifamily in Coral Way
Sold Oct 02, 2020
$470,000
$376,000 by Broker Solutions Inc
Mortgage Due Oct 01, 2050
Sold Apr 17, 1997
$112,500
$90,000 by Bank Of America
Mortgage
2425 Southwest 16th Street 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 1952 and is 72 years old. However, we must point out that the home was most recently renovated and altered in 1982. The home has a total of 4 bedrooms. Residents will have access to 2 full bathrooms. There are 3 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, 2425 Southwest 16th Street has 2,374 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 1,430 ft and across the front of the lot is 500 ft. The area measurement of the land has been determined as 7,150 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. Residents will have the luxury of enjoying both a unknown and a unknown. Love to swim? You'll be excited to find out that there is a pool on the property. 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. The exterior walls of the building are made of concrete block. The property was last sold in Sep 2, 2020 for $470,000. That's $165.67 per sqft. Prior to that sales transaction, the property was also sold in Jan 1, 1970 for $112,500. 2425 Southwest 16th Street was last assessed in 2023. The total value of the property was assessed at $512,052. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $11,427. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Condition

New Construction
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1982
  • Building Count: 2
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Construction Type: Concrete block
  • Exterior Walls Type: Concrete block
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 7,150
  • Lot Size Depth Feet: 1,430
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,837
  • Gross Building Area: 2,837
  • Building Area: 2,374
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,374
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: GRAPELAND SUB REV
  • Land Acres: 0.164
  • Standard Land Use Code: Single family residential
  • Legal Description 1: GRAPELAND SUB REV PB 3-196 LOT 23 LESS S10FT BLK 4 OR 17604-4791 0497 5

Ownership

  • Current Owner : SHUSTERMAN DAVID
  • Previous Owner : SANTANA JORGE I
  • Previous Owner 2: SANTANA DONNA M
  • Owner Before Previous Owner: SANTANA DALIA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: MIAMI
  • Census Tract: 006401

Zoning

  • Zoning: 5700

Geography

  • Assessors Map Reference: 246
  • District: 01
  • Parcel: 01-4110-002-0770
  • Block: 4
  • Lot: 23
  • Meridian: SEC 10 TWN 54S RNG 41E
  • Municipality: MIAMI
  • Latitude: 25.7582
  • Longitude: -80.235

    Address

  • Full Address: 2425 Sw 16th St
  • Address - House Number: 2425
  • Street Direction: SW
  • Address - Street Name: 16th
  • Address - Suffix Type: St
  • State: FL
  • City Name: Miami
  • Carrier Code: C041
  • 4-Digit Zip Code: 2026
  • Zip Code: 33145

Valuation

    Tax

  • Total Area: 2,546
  • Tax Year: 2023
  • Tax Amount: $11,427
  • Tax Rate Code Area: 100

    Appraisal Valuation

  • Standard Deviation: 0.1795
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 76
  • Final Value: 809,436
  • High Value: 954,801
  • Low Value: 664,071

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $376,000
  • First Open Lien Mortgage Lender: BROKER SOLUTIONS INC
  • First Open Lien Mortgage Recording Date: Oct 02, 2020
  • First Open Lien Mortgage Loan Amount: $376,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2050

    Market Valuation

  • Market Total Value: $589,820
  • Market Land Value: $393,204
  • Market Improvement Value: $196,616

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $512,052

    Sales

  • Current Sale Contract Date: Sep 02, 2020
  • Current Sale Recording Date: Oct 02, 2020
  • Current Sale Transaction ID: 11790605804
  • Current Sale Price: $470,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020R0560120
  • Previous Sale Recording Date: Apr 17, 1997
  • Previous Sale Amount: $112,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BROKER SOLUTIONS INC
  • First Mortgage Transaction Date: Oct 02, 2020
  • First Mortgage Loan Amount: $376,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF AMERICA
  • Previous Mortgage Transaction Date: Apr 17, 1997
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $90,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

About Coral Way



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Nearby Rentals

Unit for rent at

$6,800 /mo

  • 2 Beds
  • 2.5 Baths
  • 2,350 ft²
Listing by Carl Bentulan

Frequently Asked Questions

What neighborhood is 2425 Southwest 16th Street located in?
The 2425 Southwest 16th Street is a multifamily located in the neighborhood of Coral Way in Coral Way, Miami.
What is the average sales price for listings in 2425 Southwest 16th Street?
The average sales price for units in 2425 Southwest 16th Street is $525,000 , or $194/sqft. currently.

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