Welcome to 2916 Southwest 27th Terrace, a building located in South Bay Estates, Coral Way, Miami in Miami, FL.
As a quick overview, these are the most up-to-date information we've collected about the property.
The building itself was built in 1939.
This is a single story building.
Finally, 2916 Southwest 27th Terrace was most recently sold on Aug 1, 2019 for $510,000.
The market value for the land that the building sits on has been listed at $402,633.
In addition, improvements upon the building have an added value of $130,150.
In total, the total market value of the property as a whole is $532,783.
According to local assessors, the total value of the building is currently valued at $434,579.
The building was last assessed in 2023.
There is another building on the same land that 2916 Southwest 27th Terrace was built on.
Here's what we know about the features and amenities in this building.
While there is no garage access for residents, you will probably be able to find a local garage to park your car at instead.
We are not sure what system the building uses for cooling.
Sadly, informaton related to the heating system was not disclosed.
There is no porch or patio on the premise of the property.
For those who love to swim, you'll want to check out community pools nearby as this particular property does not have a swimming pool.
The local assessor's office has not provided us with information related to the roof cover material and the type of roof the building has.
More About The Building
In total, the building area is listed as 1,870 square feet.
The depth of the property lot was measured at 1,100 square feet and the front at 600 square feet.
The building itself has 2,206 square footage of total floor area.
Fun fact, were you aware that buildings can shift depending on temperatures outdoors? This might remind you of middle school science classes, but heat will cause most materials to expand while the cold will cause them to contract. As a result, many architects and engineers often have to make sure that control joints are made up of the right materials and in good condition.
The building class code for 2916 Southwest 27th Terrace is unknown but given the importance of this information, we will work to update this data as soon as possible.
Interested in learning more about the neighborhood that the property is located in?
Buildings in the Coral Way area have a median price of $3,275.
Those in the 25th percentile, have a price around $2,500.
While those in the 75th percentile, have a price around $4,999.
Typically, the buildings in this area have a median sqft of 1,242.
That means that the median price per sqft is around $3.
In other words, the price per sqft for buildings in the 25th percentile is $3.
While the price per sqft for buildings in the 75th percentile is $4.
As a breakdown, we've included the following stats:
- There are currently a total of 6 studio listings.
The median price for these types of listings is $1,960.
That's $5.20 price per sqft.
- There are currently a total of 56 one bedroom listings.
The median price for these types of listings is $2,300.
That's $3.36 price per sqft.
- There are currently a total of 66 two bedroom listings.
The median price for these types of listings is $3,000.
That's $3.09 price per sqft.
- There are currently a total of 52 three bedroom listings.
The median price for these types of listings is $4,900.
That's $3.23 price per sqft.
- There are currently a total of 32 four bedroom listings.
The median price for these types of listings is $8,000.
That's $3.21 price per sqft.
About The Area
2916 Southwest 27th Terrace is located in Miami-Dade County, Florida.
There are 2,664,418 people living here.
There are 853,624 households.
Most of these households have an average family size of 3.75 people.
According to the census, 47% are currently renting while 53% own their homes.
The median age of this population is around 39.3 years old.
On average, most folks in the county are unmarried.
About 73% of folks speak a language other than English in this area.
The area's employment rate is currently around 56.7%.
Speaking of employment, the median income is $44,224.
Most folks will commute by car for around 30.6 minutes.
Finally, we know that 28% of residents in the area have graduated with their high school degree.
Additionally, 17% and 10% have their Bachelor's and Master's degree, respectfully.
Moving on to the urban area level.
Miami, FL Urban Area has a population of 5,859,349 people.
Based on census records, there are 2,045,951 registered households.
Families in this area are on average made up of 3.52 people per household.
Most folks are unmarried.
They are also typically around 40.6 years old.
Does diversity matter to you? Right now, 53% of folks speak a language other than English here.
About 40% rent while 60% purchased their homes.
Right now, the community is made up of 27% of residents who have graduated with at least a high school degree.
On top of that, 19% have a Bachelor's degree and 11% have a Master's degree.
The employment rate is currently around 57.5%.
Those employed, have a median income of $50,097.
If you move here, you can expect to commute mostly by car for around 28.5 minutes.
$1,960
Studio Median Rent
PUBLIC TRANSIT
COCONUT GROVE METRORAIL STATION
(560 ft - 3 min walk)
Miami-Dade Transit
COCONUT GROVE STAT. RAIL SOUTHBOUND
(680 ft - 3 min walk)
Miami-Dade Transit
COCONUT GROVE STAT. RAIL NORTHBOUND
(710 ft - 3 min walk)
Miami-Dade Transit
SW 27 AV & US 1
(1040 ft - 4 min walk)
Miami-Dade Transit
SW 27 AV & 27 ST
(1040 ft - 4 min walk)
Miami-Dade Transit
