tomo logo

$799,000

Beds
2
Baths
1.0
sq ft
2,202

3240 NW 16th Ter, Miami, FL 33125

3240 NW 16th Ter

Miami, FL 33125

  • 100 days on market
    • Price drop $50,000↓
In the heart of Miami having 2,200 sqft of interior space, 3240 boasts incredible potential to make your very own masterpiece. An oversized pool fills the backyard with the ability to host and have fun in this South Florida weather year round. Just minutes from Miami International Airport and all major highways, consider yourself central to everything!

Details

Property type

Single Family Residence

Est. home value

$712,888

Lot size

5,400 sq ft

Price per sq ft

$363

Year built

1948

Annual property taxes

$8,481

Price History

12/02/2024
Beaches

Beaches #F10471769

Price change
$799,000
-5.89%
11/15/2024
Beaches

Beaches #F10471769

Listed
$849,000
+1.68%
12/04/2023
SEF

SEF #A11486541

Removed
$835,000

Schools & Community

Neighborhood: 

Flagami

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$106,661
Asking price
$799,000
Closing costs (~8% of asking)
-$63,920
Est. remaining loan balance
-$628,419
Cash to seller
$106,661

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Norwich Commercial Group Inc

Loan start date

December 2023

Original loan amount

$634,950

Est. remaining balance

$628,419

Interest rate

7.76%

Loan type

New Conventional, 30 year

Seller

Yosef S Friedman

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 02/22/2025 at 11:15 PM

Listing updated: 12/10/2024 at 12:59 PM

Listed by: Rebecca Levovitz, Lifestyle International Realty Phone #: (305) 809-8085

MLS: Beaches #F10471769

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