16500 Collins Ave Apt 1853 Sunny Isles Beach, FL 33160

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2 beds · 2 baths · 1,786 sq ft · Residential Condominium · Sunny Isles Beach
Est. Property Value: $1,187,645

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16500 Collins Ave Apt 1853 is in the Sunny Isles Beach neighborhood of Sunny Isles Beach, FL. It is located in Miami-Dade County and ZIP code 33160. This Residential Condominium was built in 2002 and is approximately 23 years old. The residential condominium spans 1786 sq ft with 2 bedrooms and 2 bathrooms. According to public records, it was last sold in 2020 for $700,000 and has a tax-assessed value of $914,650, which is $665 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 16500 Collins Ave Apt 1853 Sunny Isles Beach, FL 33160 with Property Intel by Whitepages.

16500 Collins Ave Apt 1853

Sunny Isles Beach, FL 33160

Owner Info

Owners & Occupancy for 16500 Collins Ave Apt 1853

This property is owned by Richard A Dawson. Owner contact information includes 3 phone numbers and 3 email addresses.

Property Owners

Residence*********************
Landline(212) 406-7499
Distance from Property**********
Email Address***********@gmail.comView Email

Occupancy

Current Occupancy*****View Occupancy
Resident 1**************** age 57
Resident 2**************
Resident 3***********
Resident 4**************************** age 56
Resident 5*********

Property Financials for 16500 Collins Ave Apt 1853

16500 Collins Ave Apt 1853, Sunny Isles Beach, FL has no known mortgage. The Miami-Dade county assessment for 2024 values it at $914,650, with annual taxes of $9,523.

Property Tax

Purchase DateOctober 09, 2020
Property Tax Amount$9,523 in 2024
Purchase Price$700,000
Assessed Value$914,650 on 2024

Investment Potential for 16500 Collins Ave Apt 1853

The property has a current estimated value of $1,187,645, which is 88% above the city median, based on public records. It last sold on October 09, 2020 for $700K. Projected long-term
is $29,400 annually ($2,450 per month) with a 53% occupancy rate.

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Long-Term

Gross Rental
$29,400 per year($2,450 per month)
Net Operating Income
Cap Rate
Occupancy Rate
53%in 33160 zip code
 
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Property Details for 16500 Collins Ave Apt 1853

Property Details

Property Sq Ft

Living Area

1,786 sq ft

20% above market

Price Per Sq Ft

Living Area

$665 / sq ft

27% above market

Property condition, age, exterior, etc. for 16500 Coll…
Longitude: -80.124633 Latitude: 25.928303 Parcel Number (APN): 31-2214-030-0650…

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Market Benchmarks

Compare data for 16500 Collins Ave Apt 1853 in Miami-Dade County to the median in the city area and surrounding markets, where available.
View city benchmarks
Property
State
Difference
$1,187,645
$243,826
$943,819 (387%)
YoY Price Change
Year Built
2002
1983
19 years
Living Space
1,786 sq ft
1,120 sq ft
666 (59%)
$ Per Living Sq Ft
$665
$222
$443 (200%)
Lot Size
$ Per Lot Sq Ft

Net Operating Income
$19,671
-$12,290 (-62%)
Annual Revenue
$29,400
$28,200
$1,200 (4%)
$8,584
$13,435 (157%)
Net Operating Income
$19,671
-$12,290 (-62%)
Cap Rate
8.29%
Home Value Comparison: Property vs. Local and Regional 2-Bed Residential Condominium Medians

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