2 months on rocket

221 NW 16th Ave, Miami, FL, 33125

$1,200,000

Home List Price

$10,000*

Closing Credit

0 Baths
1,890 SqFt
$635/SqFt
Multi

Location

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221 NW 16th Ave, Miami$1,200,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1952
HeatingOther
CoolingCentral Air
MLS #A11662224
StatusActive

About 221 NW 16th Ave

Exceptional property in Little Havana with immediate access to the 836 HWY, I-95 and Brickell. 1950s, four unit apartment building on a 5,000 SF lot zoned T5-L which allows short-term rentals. Apartments are 4: 1 Bedroom, 1 bath with identical floor plans. Within 5 minutes of Brickell and Downtown, and immediately across the Loan Depot Marlins Park. This is an exceptional covered land play for savvy investors and future developers who are looking at getting their foot into this dynamic submarket. Given its small size it has the great benefit of being exempt from 40 yr certification requirements - a no hassle easy building to operate for owners. Central to key employment centers of Miami. Walkable to Calle echo and the arts and entertainment hub of the neighborhood.

Property Details

Property Features

Property Information:

  • Architectural Style: Fourplex
  • Year Built: 1952
  • Stories: 1
  • Living Area: 1,890 SqFt

Listing Office:

  • Office Name: Fausto Commercial Realty Consultants Inc
  • Office Phone: (305) 431-2258
  • Listing Agent: Mauricio Villasuso

Interior Features

Interior Information:

  • Flooring Type: Other

Virtual/3D Tour

  • Virtual Tour: 221 NW 16th Ave
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Utilities

Utilities Information:

  • Heating: Other
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,200,000
  • Price Per SqFt: $635/SqFt

Tax Information:

  • Annual Amount: $7,774
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Miami, FL.

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Miami, FL

City

Med. Sold Price

$565.6K

Med. Price/SqFt

$391

Avg. Days On Market

60

# of Sold Homes

595

221 NW 16th Ave vs Miami

86 DAYS ON ROCKET

+26 Days

$1,200,000

+$634.3K More

$635/SqFt

+$243 More

KEY TAKEAWAY

This property is $634.3K more than the Median Sold Price and $243/SqFt more than other homes in Miami, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11662224

Listing Office:

  • Office Name: Fausto Commercial Realty Consultants Inc
  • Office Phone: (305) 431-2258
  • Listing Agent: Mauricio Villasuso

IDX © 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 7:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$7,774$340,218
2018$6,936$233,732
2017$6,361$261,117

History based on county public records data.

Payment Calculator

$6,057

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,664

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-769020
3
/10

  • Riverside Elementary School

  • 1190 SW 2nd St

  • 0.56 miles

  • Public District Grades PK-5

school-card-donut-769021
3
/10

  • Alpha Charter of Excellence

  • 1217 SW 4th St

  • 0.56 miles

  • Public Charter Grades KG-5

school-card-donut-769022
4
/10

  • Citrus Grove Elementary School

  • 2121 NW 5th St

  • 0.58 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $16,345. Typical income of Miami, FL residents is less than $35k annually. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Miami-Dade County›Miami›33125›221 NW 16th Ave

This home is located at 221 NW 16th Ave in Miami, FL and zip code 33125 in the Little Havana neighborhood. This 1,890 square foot home was built in 1952. It has been listed on Rocket Homes since September 26, 2024 and is currently priced at $1,200,000.

In November 2024 more than 38 listings in Miami, FL were sold above the asking price. During the same period more than 112 listings were sold at asking price, while more than 445 were sold below. The inventory of homes for sale in Miami, FL between October 2024 and November 2024 increased by 6.7%. While the average time on the market in November 2024 was 60 days, the median list price was $565,671.

From Rocket Homes Real Estate and based on county public records data.

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