12772 Southwest 229th Terrace

Local assessors in Miami, FL have categorized 12772 Southwest 229th Terrace as a residential type of property. The home was built in 2020 and is 4 years old. The property's lot size has been calculated to be 1,943 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a townhouse style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 12772 Southwest 229th Terrace has a total of 1,804 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 12772 Southwest 229th Terrace was last sold in Aug 25, 2023 for $463,000. According to our calculations, that's $221.53 per sqft. Prior to that sales transaction, the property was sold for $303,000 in Oct 19, 2020. Current property owners are expected to pay $5,911 in taxes per year. The property on 12772 Southwest 229th Terrace was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $262,650. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.