9 months on rocket

1510 NW 16th Ter, Miami, FL, 33125

$2,500,000

0.50 Acres
Land
Schools Nearby

Location

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Property Highlights

Home TypeBusiness
MLS #A11426561
Lot Size0.50 Acres
StatusActive

About 1510 NW 16th Ter

Development Opportunity! This land has been prepared to build an impressive 8-story building comprising 38 units and featuring a ground-floor commercial space. The architectural plans are fully prepared and have already undergone the initial round of revisions. The architect firm is committed to collaborating closely with the new owner to facilitate a seamless process. Should you wish to review the building plans, they are readily available upon request. Prime location is just moments away from the health district and the University of Miami medical campus. It offers convenient access to all major Miami highways, a short distance to the Marlins Stadium, close proximity to the new proposed Freedom Park, and a quick drive to the beaches, fine dining, and vibrant nightlife.

Property Details

Property Features

Listing Office:

  • Office Name: Redland Realty and Auction
  • Office Phone: (305) 387-7777
  • Listing Agent: Alex Rodriguez

Lot Features

Lot Information:

  • Lot Size: 0.50 Acres

School Info

Assigned Schools Information:

  • Miami Jackson Senior High School, Public Magnet Grades 9-12
  • Citrus Grove Middle School, Public District Grades 6-8
  • Paul Laurence Dunbar K-8 Center, Public District Grades PK-5

Other

Directions Information:

  • Directions: NW 14th St turn North on 16 Ave to property.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,500,000
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Housing Market Comparison

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

Med. Sold Price

$546.1K

Med. Price/SqFt

$382

Avg. Days On Market

56

# of Sold Homes

885

1510 NW 16th Ter vs Miami

270 DAYS ON ROCKET

+214 Days

$2,500,000

+$1.9M More

KEY TAKEAWAY

This property is $1.9M more than the Median Sold Price in Miami, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11426561

Listing Office:

  • Office Name: Redland Realty and Auction
  • Office Phone: (305) 387-7777
  • Listing Agent: Alex Rodriguez

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: 5/4/2024, 5:20:31 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$12.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,562

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NMLS#3030

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.

Elementary School

school-card-donut-6073668
5
/10
  • Paul Laurence Dunbar K-8 Center

  • 505 NW 20th St

  • 1.22 miles

  • Public District Grades PK-5

Middle School

school-card-donut-6073669
3
/10
  • Citrus Grove Middle School

  • 2153 NW 3rd St

  • 0.97 miles

  • Public District Grades 6-8

High School

school-card-donut-6073670
2
/10
  • Miami Jackson Senior High School

  • 1751 NW 36th St

  • 1.47 miles

  • Public Magnet Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $15,939. Typical income of Miami, FL residents is less than $35k annually. Residents typically live in single, 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 1510 NW 16th Ter

What is the listing price of this property?

The listing price of 1510 NW 16th Ter property is $2,500,000.

What type of property is this?

The property 1510 NW 16th Ter is land located in Miami, Florida, 33125.

Is this property for sale now?

Active Listing: 1510 NW 16th Ter is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1510 NW 16th Ter are:
Paul Laurence Dunbar K-8 Center: GreatSchools Rating 5/10
Citrus Grove Middle School: GreatSchools Rating 3/10
Miami Jackson Senior High School: GreatSchools Rating 2/10

How much acreage is this property?

The property 1510 NW 16th Ter is 0.50 acres.
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Rocket HomesFloridaMiami-Dade CountyMiami331251510 NW 16th Ter

This home is located at 1510 NW 16th Ter in Miami, FL and zip code 33125 in the Civic Center neighborhood. This home sits on a 0.50 acre lot. It has been listed on Rocket Homes since August 08, 2023 and is currently priced at $2,500,000.

In April 2024 more than 120 listings in Miami, FL were sold above the asking price. During the same period more than 157 listings were sold at asking price, while more than 608 were sold below. Between March 2024 and April 2024, Miami, FL real estate market has seen increase in the number of listings by 7.2%. In April 2024 median list price was $546,178 and the average listing age was 56 days.

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

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