2971 SW 16 TER, Miami, FL 33145

2971 SW 16 TER, Miami, FL 33145 is a 1-bedroom, 1-bathroom residential - single family : 1 unit built in 1925 with 1,044 square feet of living space on a 2,300 square foot lot. The property is currently owned by REINA I RODRIGUEZ YUNIER LUGO, recorded as of 2026-04-19. The owner appears to be owner-occupied based on the mailing address matching the property address.

The most recent sale was on 2010-02-16 for $32,000, when REINA I RODRIGUEZ sold to REINA I RODRIGUEZ. The property sold for $38,000 less than the prior sale of $70,000 on 1999-07-01. There are 3 recorded sales for this property.

The 2025 assessed value is $68,736 with a market value of $254,045. This breaks down to $188,600 for the land and $65,445 for the building. The assessed value increased 3% from $66,799 in 2024.

The property has the following tax exemptions: homestead. This property is located in FEMA Flood Zone X, which indicates minimal flood risk. Flood insurance is typically not required for properties in Zone X.

The median household income in this area is $77,772, and the median home value is $545,400. The population density is 10,553 people per square mile. 2971 SW 16 TER, Miami, FL 33145 is located in Miami, Florida.

Property records, tax assessments, sales history, and ownership information for this Miami property are sourced from miami_dade County public records. The complete ownership history of this property spans from 1985 to 2010, with 3 recorded transactions in the public record. The current assessed value represents 215% of the most recent sale price.

This high ratio could indicate the property was purchased below market value — a potential sign of a distressed sale or off-market deal. Based on the most recent sale, this property traded at $31 per square foot — a key metric for comparing value across Miami's real estate market..