16521 SW 98 TER, The Hammocks, FL 33196

Parcel: 3059050140140 · Residential - Single Family · 1 Unit · Zoning: 0101

Assessed Value (2025)
$163,682

Property Details

Beds
3
Baths
2
Living Sqft
1,520
Year Built
1997
Lot Sqft
5,000
Stories
1
RESIDENTIAL - SINGLE FAMILY : 1 UNIT

Sales History

1
$2,300,000
1994-10-01
2
$109,900-95%
1997-10-01

Tax Assessment History

$163,682
Assessed (2025)
$417,193
Market Value
$112,960
Taxable Value
$2,300
Annual Tax
2024
$159,069
$419,524
2025
$163,682
$417,193
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $163,682 $417,193 $112,960 $2,300
2024 $159,069 $419,524 $109,069 $2,221

About 16521 SW 98 TER, The Hammocks, FL 33196

16521 SW 98 TER, The Hammocks, FL 33196 is a 3-bedroom, 2-bathroom residential - single family : 1 unit built in 1997 with 1,520 square feet of living space on a 5,000 square foot lot. The property is currently owned by MIGUEL A CAJINA &W NORMA L, recorded as of 2026-03-29. The owner appears to be owner-occupied based on the mailing address matching the property address.

The most recent sale was on 1997-10-01 for $109,900. The property sold for $2,190,100 less than the prior sale of $2,300,000 on 1994-10-01. The 2025 assessed value is $163,682 with a market value of $417,193.

This breaks down to $247,000 for the land and $170,193 for the building. The assessed value increased 3% from $159,069 in 2024. The property has the following tax exemptions: homestead.

The median household income in this area is $84,722, and the median home value is $456,300. The population density is 11,540 people per square mile. 16521 SW 98 TER, The Hammocks, FL 33196 is located in The Hammocks, Florida.

Property records, tax assessments, sales history, and ownership information for this The Hammocks property are sourced from miami_dade County public records. The complete ownership history of this property spans from 1994 to 1997, with 2 recorded transactions in the public record. The current assessed value represents 149% 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 $72 per square foot — a key metric for comparing value across The Hammocks's real estate market..

Building Permits (2)

Permit #TypeStatusCost
C2025081783 building F $24,650
C2025025679 building F $23,100

Current Owner

MIGUEL A CAJINA &W NORMA L
16521 SW 98 TERR, MIAMI, FL, 33196-5804
Since: 2026-03-29
View owner profile →

Est. Annual Insurance

$1,900 — $3,800
Flood $400 — $800
Property/Wind $1,500 — $3,000

Estimate based on FEMA flood zone, property value, and year built. Actual premiums vary based on elevation, mitigation features, roof condition, and insurer. Not a quote.

Neighborhood

Median Income$84,722
Median Home Value$456,300
Pop. Density11,540/sq mi

Neighborhood 16521

100%
Owner-Occ
0%
Investor
1
Flips (4yr)
0
New Biz (3yr)
Distress Risk
MODERATE
29
View full risk analysis →
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