Score
0Miami Gardens, FL
16810 NW 7th Rd
480K
3 beds
2 baths
1,705 sqft
3 bd • 2 ba • 1,705 sf
This analysis was generated on 1/28/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$479,900
Price/Sq.Ft
$281
Year Built
1954
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Location: The property is located close to I-95, offering convenient access to major transportation routes. This is a significant advantage for commuters and those who need to travel frequently.
• Size: The property has 1,705 square feet, which is a reasonable size for a single-family home. This offers ample living space for families or individuals.
• Number of bedrooms and bathrooms: The property has 3 bedrooms and 2 full bathrooms, which is a desirable feature for many buyers.
• The property has minimal flood risk and fire risk: The property scores 1/10 on both flood and fire risk scales, which means lower insurance costs related to those hazards.
• Potential for value addition: The property's 'AS-IS' condition and recent foreclosure present an opportunity for buyers to add value through renovations. A well-executed remodel could increase the property's market value significantly.
The Bad
• The property is being sold 'AS-IS' with no contingencies: This means the buyer accepts all risks and potential issues with the property, including any hidden defects or structural problems. This significantly increases the risk for the buyer.
• The property is in need of extensive renovations: The property is described as being "after foreclosure," which often implies deferred maintenance and potential structural issues. This will require a substantial investment of time and money.
• The property is priced at $281.47 per sqft: While this might seem reasonable, the need for extensive renovations means that the total cost of ownership will be significantly higher.
• The property has been on the market for 74 days: This is higher than the average in the area, which could indicate that the property is overpriced or has significant issues that deter buyers. This also means the seller might be more willing to negotiate.
• The school ratings are average: The local schools have ratings of 4/10 to 5/10, which may be a concern for buyers with children.
The Ugly
• Extreme heat risk: The property is located in an area with an extreme heat risk (10/10), with a 98th percentile temperature of 104°F and 7 hot days per year. This means high energy bills for cooling and potential discomfort for residents.
• Extreme wind risk: The property is in an area with an extreme wind risk (10/10), which could lead to higher insurance costs and potential damage from severe weather.
• Post-foreclosure status: The property's recent foreclosure suggests potential underlying issues, including deferred maintenance, structural problems, or legal complications.
• 'AS-IS' sale with no contingencies: This means the buyer must accept the property in its current condition, with no recourse for hidden defects or issues. This significantly increases the risk for the buyer.
• Lack of detailed information: The listing lacks detailed room information, meaning a thorough inspection is essential to assess the property's true condition. The lack of room descriptions makes it difficult to assess the layout and functionality of the property without a physical visit.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
• Investors seeking a value-add opportunity: The property's post-foreclosure status and 'AS-IS' condition present a chance to purchase below market value, renovate, and resell or rent for profit. The recent price reductions and history of sale price fluctuations suggest a motivated seller, potentially allowing for further negotiation.
• Buyers comfortable with significant renovation projects: The property's condition requires extensive work, making it suitable for buyers with construction experience or those willing to hire contractors for a full remodel.
• Buyers seeking a single-family home near major transportation: The property's proximity to I-95 makes it suitable for those who need easy access to major roadways for work or leisure. The location is convenient for commuting to downtown Miami or other areas in Miami-Dade County.
• Buyers with a high risk tolerance: Given the 'AS-IS' sale, potential structural issues, and the need for immediate repairs, this property is best for buyers who can handle unexpected problems and costs.
Not For
• First-time homebuyers seeking a move-in ready property: Given the extensive renovations needed and the 'AS-IS' condition, this property is not suitable for buyers looking for a turnkey home.
• Buyers with limited financial resources: The cost of renovations, potential structural repairs, and increased insurance premiums make this property financially challenging for those with limited funds.
• Buyers with low risk tolerance: The property's post-foreclosure status, 'AS-IS' condition, and the potential for unexpected issues make it unsuitable for risk-averse buyers.
• Buyers needing a quick move-in: The extensive renovation required means this property will not be habitable for a significant period, making it unsuitable for those with immediate housing needs.
• Buyers with children: The low school ratings (4-5/10) and the need for extensive repairs make this property less attractive for families with children.
Demographics
Area Median Income
$50,611
Property History
Price History
Ownership Timeline
$415,100Cash Purchase
Oct 31, 2024United States Of America, Compu Link Corporation Of MiCybersec Inc
Trustees Deed
Foreclosure
Property Taxes
$8,677
2023 Tax Assessment
1272.2%from previous year
Assessed Value$353,651
Tax Rate2.45%
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
5.7/10
AverageMiddle
4.0/10
AverageHigh
3.0/10
Below AverageFinancials
Monthly Costs
Market Rent (3 bed)
Get a detailed estimate on Zillow$1,362
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$479,900
Price/sqft
$281
Layout
3 bd•2 ba
Days on market
77 daysat time of analysis
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$596,983
19.6%
Your price is 19.6% below average
Median Price
$524,000
8.4%
Based on 6 recent sales
Price per Sq.Ft
$346
18.7%
Your price is 18.7% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 335 NE 173rd St, North Miami Beach, FL 33162 | $520,000 | 1,670 | 4 | 2 | $31110.6% | 10/10/2024 |
| 1301 NW 175th Ter, Miami Gardens, FL 33169 | $524,000 | 1,678 | 4 | 2 | $31210.9% | 8/21/2024 |
| 960 NW 175th St, Miami Gardens, FL 33169 | $519,900 | 1,434 | 3 | 2 | $36328.8% | 9/27/2024 |
| 85 NE 164th St, Miami, FL 33162 | $1,025,000 | 2,035 | 3 | 2 | $50479.0% | 9/24/2024 |
| 1310 NW 172nd St, Miami Gardens, FL 33169 | $595,000 | 1,848 | 4 | 2 | $32214.4% | 8/10/2024 |
| 741 NW 175th Dr, Miami Gardens, FL 33169 | $398,000 | 1,490 | 3 | 2 | $2675.1% | 8/19/2024 |
335 NE 173rd St, North Miami Beach, FL 33162
Price: $520,000
Sq.Ft: 1,670
Beds/Baths: 4/2
$/Sq.Ft:
$31110.6%
Sale Date: 10/10/2024
1301 NW 175th Ter, Miami Gardens, FL 33169
Price: $524,000
Sq.Ft: 1,678
Beds/Baths: 4/2
$/Sq.Ft:
$31210.9%
Sale Date: 8/21/2024
960 NW 175th St, Miami Gardens, FL 33169
Price: $519,900
Sq.Ft: 1,434
Beds/Baths: 3/2
$/Sq.Ft:
$36328.8%
Sale Date: 9/27/2024
85 NE 164th St, Miami, FL 33162
Price: $1,025,000
Sq.Ft: 2,035
Beds/Baths: 3/2
$/Sq.Ft:
$50479.0%
Sale Date: 9/24/2024
1310 NW 172nd St, Miami Gardens, FL 33169
Price: $595,000
Sq.Ft: 1,848
Beds/Baths: 4/2
$/Sq.Ft:
$32214.4%
Sale Date: 8/10/2024
741 NW 175th Dr, Miami Gardens, FL 33169
Price: $398,000
Sq.Ft: 1,490
Beds/Baths: 3/2
$/Sq.Ft:
$2675.1%
Sale Date: 8/19/2024
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