Spanish Revival home in 1216 NE 16th Ter Fort Lauderdale, FL
Set in Fort Lauderdale, FL, this Spanish Revival home provides 3 bedrooms and 2 bathrooms across 1,232 square feet. Its Spanish Revival character defines the property's look.
| Price | $649,000 |
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| Beds | 3 |
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| Baths | 2 |
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| Sqft | 1232 |
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| Architectural style | Spanish Revival (37% match) |
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| Address | 1216 NE 16th Ter Fort Lauderdale, FL 33304 |
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Why buy this home
- Confirmed Spanish Revival architecture, matched from the listing photos by Enzo's vision model.
- Links directly to the original source listing on Movoto.
Is this a good buy?
Priced below comparable homes.
- At $649K, this home is 41% below the $1.1M median for 13 similar Spanish Revival homes in Fort Lauderdale, FL.
- That works out to $527 per square foot, right at the $527 comparable rate.
- New to market (3 days), so expect competition.
| This home | $649,000 |
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| Spanish Revival median in Fort Lauderdale, FL | $1,100,000 (13 homes) |
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| Price per sq ft | $527 vs. $527 comps median |
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It is well below comparable homes, which can mean condition issues, a smaller lot or living area, a leasehold, or a data quirk. Check the source listing before getting excited. Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $4,288/month with 20% down at a 7.28% 30-year fixed rate. You would need about $183,770 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $3,552/mo |
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| Property tax (new-buyer reassessed rate) | $492/mo |
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| Homeowners insurance | $243/mo |
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| Total monthly | $4,288/mo |
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| Down payment (20%) | $129,800 |
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| Income needed | $183,770/yr |
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A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home B- (69 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | B- (69/100) |
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| Beats renting in | 23% of modeled paths |
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| Modeled 5-yr equity (median) | $346,441 |
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| Range (10th to 90th pct) | $212,020 to $505,852 |
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A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward US where local data is thin.
Local home values
Typical home values in United States have risen about 20% over the past 5 years (+1% in the last year), per the Zillow Home Value Index. This reflects the national market, not this specific home.
View this home on Movoto