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$225,000

Beds
1
Baths
1.0
sq ft
458

700 16th St Unit 106, Miami Beach, FL 33139

700 16th St Unit 106

Miami Beach, FL 33139

  • 25 days on market
    • Price drop $20,000↓
Investors, seize this opportunity! Just steps to Lincoln Rd Mall Perfectly located and turnkey with all furnishings included, plus internet and cable covered by HOA. Building budget for 2025 approved and reserves. Building in process for the 40 years re-certification , special assessment will be paid by seller, new roof, new restoration and new plumbing. Motivated Seller.

Details

Property type

Condominium

Est. home value

$269,091

Lot size

Unknown

Price per sq ft

$492

Year built

1941

Annual property taxes

$3,946

Monthly HOA fee

$647

Price History

03/31/2025
SEF

SEF #A11757545

Price change
$225,000
-8.16%
03/19/2025
SEF

SEF #A11757545

Price change
$245,000
-5.77%
03/10/2025
SEF

SEF #A11757545

Removed
$260,000

Schools & Community

Neighborhood: 

Flamingo Lummus

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

$58,970
Asking price
$225,000
Closing costs (~8% of asking)
-$18,000
Est. remaining loan balance
-$148,030
Cash to seller
$58,970

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

Seller’s Loan History

Lender

A&D Mortgage Llc

Loan start date

March 2022

Original loan amount

$157,500

Est. remaining balance

$148,030

Interest rate

3.45%

Loan type

New Conventional, 30 year

Seller

Minerva Delplanche

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?

Status: Active

Tomo last checked: 03/31/2025 at 1:10 PM

Listing updated: 03/31/2025 at 11:11 AM

Listed by: Joanna Gutierrez, Cervera Real Estate Inc. Phone #: (305) 374-3434

MLS: SEF #A11757545

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