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7351 Southwest 16th Street

7351 Southwest 16th Street, Miami, FL 33155
Sold Aug 10, 2021
$330,000
$262,000 by Guaranteed Rate Inc
Mortgage Due Sep 01, 2051
7351 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 1950 and is 74 years old. The home has a total of 2 bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 7351 Southwest 16th Street has 929 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 650 ft. The area measurement of the land has been determined as 6,760 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 a unknown. 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 a combination of material. The property was last sold in Aug 2, 2021 for $330,000. That's $341.97 per sqft. 7351 Southwest 16th Street was last assessed in 2023. The total value of the property was assessed at $264,379. 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 $5,563. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Construction Type: Concrete block
  • Exterior Walls Type: Combination
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,760
  • Lot Size Depth Feet: 1,040
  • Lot Size Frontage Feet: 650
  • Total Building Area: 965
  • Gross Building Area: 965
  • Building Area: 929
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 929
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SUNSET HGTS SOUTH
  • Land Acres: 0.155
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SUNSET HGTS SOUTH PB 49-12 LOT 15 BLK 3 LOT SIZE 65.000 X 104 OR 9683 1900

Ownership

  • Current Owner : RUIZ VANESSA
  • Current Owner 2: LOMAX RYAN
  • Previous Owner : RUIZ SILVA
  • Previous Owner 2: RUIZ RAMON ANTONIO

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: UNINCORPORATED
  • Census Tract: 005902

Zoning

  • Zoning: 0100

Geography

  • Assessors Map Reference: 211
  • District: 30
  • Parcel: 30-4011-005-0400
  • Block: 3
  • Lot: 15
  • Meridian: SEC 11 TWN 54S RNG 40E
  • Municipality: UNINCORPORATED COUNTY
  • Latitude: 25.7557
  • Longitude: -80.3149

    Address

  • Full Address: 7351 Sw 16th St
  • Address - House Number: 7351
  • Street Direction: SW
  • Address - Street Name: 16th
  • Address - Suffix Type: St
  • State: FL
  • City Name: Miami
  • Carrier Code: C027
  • 4-Digit Zip Code: 1503
  • Zip Code: 33155

Valuation

    Tax

  • Total Area: 940
  • Tax Year: 2023
  • Tax Amount: $5,563
  • Tax Rate Code Area: 3000

    Appraisal Valuation

  • Standard Deviation: 0.1354
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 84
  • Final Value: 512,558
  • High Value: 582,002
  • Low Value: 443,115

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $262,000
  • First Open Lien Mortgage Lender: GUARANTEED RATE INC
  • First Open Lien Mortgage Recording Date: Aug 10, 2021
  • First Open Lien Mortgage Loan Amount: $262,000
  • 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: Sep 01, 2051

    Market Valuation

  • Market Total Value: $340,157
  • Market Land Value: $243,360
  • Market Improvement Value: $96,797

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $264,379

    Sales

  • Current Sale Contract Date: Aug 02, 2021
  • Current Sale Recording Date: Aug 10, 2021
  • Current Sale Transaction ID: 11850822056
  • Current Sale Price: $330,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021R0582905

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: Aug 10, 2021
  • First Mortgage Loan Amount: $262,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2051

About Coral Terrace



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Frequently Asked Questions

What neighborhood is 7351 Southwest 16th Street located in?
The 7351 Southwest 16th Street is a located in the neighborhood of Sunset Heights South in Coral Terrace, Miami.
What is the average sales price for listings in 7351 Southwest 16th Street?
The average sales price for units in 7351 Southwest 16th Street is $0 currently.

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