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912 SE 16th Ct
Deerfield Beach, FL

912 SE 16th Ct

$799,997
3 bd • 3 ba • 1,938 sf

This analysis was generated by artificial intelligence on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$799,997

Price/Sq.Ft

$413

Year Built

1963

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

This property stands out with its recent full renovation, offering a turnkey solution in a highly desirable location. At $412.80/sqft, it's priced competitively compared to the Deerfield Beach median of $430/sqft. The home has appreciated significantly, showing a 97.5% increase from its 2019 sale price of $405,000 to the current listing of $799,997. Key upgrades include a remodeled kitchen with granite countertops and new stainless steel appliances, hurricane windows and doors, new attic insulation, ductwork, and PVC plumbing. The property's size (1,938 sqft) is above average for the area, offering ample space with 3 bedrooms and 3 bathrooms. Its proximity to the beach, Intracoastal Waterway (ICW), The Cove, and restaurants adds significant value. The large fenced-in private yard provides potential for further improvements like adding a pool.

The Bad

While the property has many positive attributes, there are some concerns. The flood risk is rated as MAJOR (6/10), which could lead to higher insurance costs and potential damage. The heat risk is EXTREME (10/10), with 7 hot days per year reaching 106°F, which may result in higher cooling costs. The local public schools have below-average ratings (3-4/10), which could impact long-term value appreciation. The median income in the area ($48,132) is relatively low compared to the property's price point, potentially limiting the pool of local buyers.

The Ugly

The most significant concern is the EXTREME wind risk (10/10), which is critical for insurance. This could lead to substantially higher insurance premiums and potential difficulty in obtaining coverage. The estimated insurance cost of $2,879.99/year is likely to increase due to this risk factor. The property's age (built in 1963) may lead to hidden issues despite the recent renovations. The rapid appreciation in value (97.5% increase since 2019) might indicate a potential market bubble, risking future price stability. The extreme heat risk could necessitate costly upgrades to the HVAC system to maintain comfort.

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

This property is best suited for affluent buyers with household incomes above $200,000, given the purchase price and potential high ownership costs. It's ideal for those seeking a move-in ready, spacious family home near beach amenities. The property would appeal to buyers who prioritize modern finishes and recent upgrades. It's also suitable for those looking for a vacation home or planning to rent out occasionally, given the attractive location and potential for short-term rentals. Investors looking for long-term appreciation in a desirable coastal market might also find this property attractive, especially if they can mitigate the climate risks.

Not For

This property is not suitable for first-time homebuyers or those with limited budgets, given the high purchase price and potential for increased insurance and maintenance costs. It's not ideal for those seeking new construction, as the home is nearly 60 years old despite renovations. Buyers extremely concerned about climate change and rising sea levels should be cautious, given the high flood and wind risks. Families prioritizing top-rated public schools may find the local educational options lacking. Those looking for a quiet, non-tourist area might be put off by the proximity to popular beach destinations.
Demographics
Area Median Income

$48,132

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Risk Assessment

Climate Risks

heatEXTREME

7 extreme heat days per year

98th percentile: 106°F

windEXTREME

Insurance: Required

floodMAJOR

FEMA Zone: X_UNSHADED

Insurance: Required

airMINOR

1 bad air quality days per year

fireMINIMAL

Insurance: Optional

Risk Analysis

The extreme wind risk (10/10) poses a significant threat to the property and will likely result in very high insurance premiums. The major flood risk (6/10) could lead to water damage and additional insurance requirements. Long-term climate change impacts, including sea-level rise, could affect property value and insurability. The rapid appreciation in value might not be sustainable, risking a potential market correction. Despite renovations, the property's age could lead to unexpected maintenance issues. The extreme heat risk may necessitate costly HVAC upgrades or result in high energy bills. The area's relatively low median income could impact future appreciation if local economic conditions don't improve.
Insurance
Annual Cost

$2,880

$240 per month

Financials

Monthly Costs

Price History

Property Taxes

$6,948
2023 Tax Assessment
5.0%from previous year
Assessed Value$361,260
Tax Rate1.92%

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$881,667

10.2% above list price

Median Price

$845,000

Based on 6 recent sales

Price per Sq.Ft

$460

Comparable Properties

4110 NE 24th Ave, Lighthouse Point, FL 33064
Price: $1,450,000
Sq.Ft: 2,036
Beds/Baths: 4/3
$/Sq.Ft:
$71272.5%
Sale Date: 9/11/2024
1228 Hillsboro Mile #102, Hillsboro Beach, FL 33062
Price: $910,000
Sq.Ft: 2,120
Beds/Baths: 2/3
$/Sq.Ft:
$4294.0%
Sale Date: 9/18/2024
920 SE 17th Street, Deerfield Beach, FL 33441
Price: $800,000
Sq.Ft: 2,218
Beds/Baths: 4/3
$/Sq.Ft:
$36112.6%
Sale Date: 8/8/2024
1101 SE 10th Street, Deerfield Beach, FL 33441
Price: $845,000
Sq.Ft: 1,852
Beds/Baths: 3/2
$/Sq.Ft:
$45610.5%
Sale Date: 11/9/2024
917 SE 16 Court, Deerfield Beach, FL 33441
Price: $540,000
Sq.Ft: 1,620
Beds/Baths: 2/2
$/Sq.Ft:
$33319.2%
Sale Date: 11/21/2024
743 SE 9th Ter, Deerfield Beach, FL 33441
Price: $745,000
Sq.Ft: 1,600
Beds/Baths: 2/2
$/Sq.Ft:
$46612.8%
Sale Date: 11/15/2024

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