701 Southeast 16th Street

701 Southeast 16th Street in Fort Lauderdale, FL was first built in 1971 and is 53 years old. Although, the building on the property was most recently renovated and altered in 1972. This has been categorized as a unknown property type. For those interested in architecture, the building on the property was built in a unknown. There are a total of 2 floors. 701 Southeast 16th Street has 8,622 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 13,500 square feet.

Learn more about the property and building on this page. There is a unknown. The home has a unknown style roof made of unknown. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with unknown control joints. The quality of the control joints have been graded by the local assessor with a letter grade of unknown. The condition of the building has been evaluated as unknown. The exterior walls of the home are made of unknown. While the interior walls are made of unknown. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with unknown. 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, 701 Southeast 16th Street sold most recently in Nov 18, 2020 for a total of $2,395,000. If you work out the math, that's approximately a cost of $277.78 per sqft. Before that, the property was also sold for $1,640,000 in Jan 4, 2018. 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 $37,375 in taxes each year. 701 Southeast 16th Street was most recently assessed in 2024. During this assessment, the property's total value was estimated to be about $1,713,490. If we break it down further, the land itself was valued at $135,000. Improvements to the property, however, were assessed at a total of $1,578,490. The property's total market value has been marked the same as the total assessed value which is pretty typical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.