3 months on rocket

8631 SW 16th Ter, Miami, FL, 33155

$995,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
3 Full Baths
2,218 SqFt
$449/SqFt
House

Location

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8631 SW 16th Ter, Miami$995,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingCircular Driveway, Driveway, Paver Block
Year Built1958
HeatingCentral, Electric
CoolingCentral Air, Electric
ViewNone
MLS #A11631007
StatusActive

About 8631 SW 16th Ter

Welcome to this beautifully remodeled, spacious home in the highly sought-after Westchester area of Miami, Florida. Featuring 4 large bedrooms, 3 full bath, this corner lot gem boasts a legal in-laws quarters—a 1-bedroom, 1-bath apartment with its own living room and full kitchen. The prime location offers proximity to top schools, shopping, major malls, and the airport. With room to park over 10 cars and side yards large enough for a boat or RV, convenience is key. Enjoy the modern pool, pool deck, and expansive terrace with an outdoor kitchen. Potential for commercial office conversion on popular 87 Ave, subject to local zoning approval. more details to come...

Property Details

Property Features

Property Information:

  • Architectural Style: Detached, One Story
  • Year Built: 1958
  • Stories: 1
  • Living Area: 2,218 SqFt

Listing Office:

  • Office Name: BRKRS
  • Office Phone: (786) 353-0001
  • Listing Agent: Carlos Ramos

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Electric Water Heater, Disposal, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Flooring Type: Tile, Wood
  • Interior: Bedroom on Main Level, First Floor Entry, Pantry

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • View: None
  • Exterior: Other

Parking Information:

  • Parking: Circular Driveway, Driveway, Paver Block

Virtual/3D Tour

  • Virtual Tour: 8631 SW 16th Ter
Virtual Tour

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air, Electric

Price Information

Listing Price Info

Price Summary:

  • List Price: $995,000
  • Price Per SqFt: $449/SqFt

Tax Information:

  • Annual Amount: $5,505
  • 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

$560.4K

Med. Price/SqFt

$389

Avg. Days On Market

60

# of Sold Homes

698

8631 SW 16th Ter vs Miami

109 DAYS ON ROCKET

+49 Days

$995,000

+$434.5K More

$449/SqFt

+$59 More

KEY TAKEAWAY

This property is $434.5K more than the Median Sold Price and $59/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: #A11631007

Listing Office:

  • Office Name: BRKRS
  • Office Phone: (786) 353-0001
  • Listing Agent: Carlos Ramos

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: 11/15/2024, 4:20:47 AM 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$5,505$321,097
2018$5,784$299,017
2017$5,377$286,239

History based on county public records data.

Payment Calculator

$5,034

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,050

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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-362563
6
/10

  • Everglades K-8 Center

  • 8375 SW 16th St

  • 0.28 miles

  • Public District Grades PK-5

school-card-donut-362564
8
/10

  • Banyan Elementary School

  • 3060 SW 85th Ave

  • 0.92 miles

  • Public District Grades PK-5

school-card-donut-362565
9
/10

  • Rockway Elementary School

  • 2790 SW 93rd Ct

  • 0.96 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 $55,398. Residents of Miami, FL typically earn between $35k-100k each year. Residents typically live in married, no kids family. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 8631 SW 16th Ter

What is the listing price of this property?

The listing price of 8631 SW 16th Ter property is $995,000.

What type of property is this?

The property 8631 SW 16th Ter is a house located in Miami, Florida, 33155.

Is this property for sale now?

Active Listing: 8631 SW 16th Ter is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $5,505 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 8631 SW 16th Ter has 4 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 8631 SW 16th Ter is 2,218 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 8631 SW 16th Ter is 1958.

Rocket Homes›Florida›Miami-Dade County›Miami›33155›8631 SW 16th Ter

This home is located at 8631 SW 16th Ter in Miami, FL and zip code 33155 in the Westchester neighborhood. This 2,218 square foot home was built in 1958. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since July 28, 2024 and is currently priced at $995,000.

In October 2024, from all listings sold in Miami, FL there were more than 62 sold above asking price, over 507 sold below and more than 129 were sold right at the asked price. The number of homes for sale in Miami, FL increased by 8.3% between September 2024 and October 2024. In October 2024 median list price was $560,436 and the average listing age was 60 days.

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

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