1703 SW 16 TER, Miami, FL 33145

1703 SW 16 TER, Miami, FL 33145 is a 3-bedroom, 3-bathroom multifamily 2-9 units : 2 living units built in 1935 with 2,874 square feet of living space on a 5,668 square foot lot. The property is currently owned by SOFIANDRES LLC TRS LAND TRUST 1703, recorded as of 2026-04-19. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2024-09-06 for $600,000. There are 4 recorded sales for this property. The 2025 assessed value is $727,421 with a market value of $727,421.

This breaks down to $453,440 for the land and $273,981 for the building. The assessed value increased 21% from $599,593 in 2024. 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 $93,233, and the median home value is $627,000. The population density is 8,262 people per square mile.

1703 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 2004 to 2024, with 4 recorded transactions in the public record.

The current assessed value represents 121% 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 $209 per square foot — a key metric for comparing value across Miami's real estate market..