by RH Advisors

Check Availability
$2,050,000
House - For Sale

485 NE 55th Ter

Miami, FL 33137
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1673 Sqft
$11,824
Estimated Monthly
$0
HOA / Fees
2.37%
Cap Rate

About This Property

Remodeled & ready pool home in the heart of guard-gated Morningside! This chic 3BD/3BA residence offers an open floor-plan w/ sun drenched interiors, impact windows & doors, updated appliances, and gleaming hardwood & porcelain floors. Attention Swimmers! Enjoy the gorgeous, fully fenced backyard with a huge pool, jacuzzi, & patio. Perfect for entertaining! Live in magical Morningside, a serene waterfront community with beautiful tree-lined streets. NO FLOOD INSURANCE REQUIRED! This neighborhood offers a 40+ acre park w/tennis & basketball courts, football field, walking trails, picnic & bbq areas, pool, boat ramps & kayak rentals. Close to top schools: Cushman & Miami Country Day. Mins to beaches, medical centers, dining & art, downtown, Wynwood, Design District & 15 mins to MIA Airport!
Unit Size
1,673Ft²
Days on Market
78 days
Land Size
0.16 acres
Price per sqft
$1,225
Property Type
House
Property Taxes
$1,757
HOA Dues
-
Year Built
1949
Listed By
Last updated: 6 days ago (Miami MLS #A11529444)

Price History

Date / Event Date Event Price
Feb 10, 2024 Listed by Compass Florida, LLC. $2,050,000
Listed by Compass Florida, LLC.

Property Highlights

Parking Available
Air Conditioning
Fireplace
Parking Details
Has Open Parking
Parking Features: Driveway, On Street
Interior Details

Bathroom Information

Full Bathrooms: 3
Master Bathroom Features: Shower Only

Bedroom Information

Bedrooms: 3
Bedroom Features: At Least 1 Bedroom Ground Level, Entry Level, Primary Bedroom Ground Level

Interior Information

Interior Features: First Floor Entry, Closet Cabinetry, Family Room, Garage Converted, Great Room, Utility Room/Laundry
Appliances: Dishwasher, Dryer
Flooring Type: Tile, Wood
Door Features: High Impact Doors
Laundry Features: Utility Room/Laundry

Room Information

Dining Room Features: Eat-In Kitchen
Living Room Features: Family Room, Garage Converted, Great Room, Utility Room/Laundry

Fireplace Information

Has Fireplace
Fireplace Features: Decorative

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 2004
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Construction Type: Concrete block
  • Exterior Walls Type: Combination
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 150
  • Parking Space Count: 0
  • Pool Type: Pool & spa (both)

    Dimensions

  • Lot Size Square Feet: 6,884
  • Lot Size Depth Feet: 1,040
  • Lot Size Frontage Feet: 662
  • Total Building Area: 2,068
  • Gross Building Area: 2,068
  • Building Area: 1,673
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,673
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BAYSHORE UNIT NO 3
  • Land Acres: 0.158
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BAYSHORE UNIT NO 3 PB 12-50 LOT 13 BLK 24 LOT SIZE 66.190 X 104 OR 14228-3164 0889 1

Ownership

  • Current Owner : SEMPER FI REAL ESTATE HOLDINGS LLC
  • Previous Owner : MORNINGSIDEZ LLC
  • Owner Before Previous Owner: GLAZIER ROBERT S
  • Owner Before Previous Owner 2: MASON ALAN
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: MIAMI
  • Census Tract: 002100

Zoning

  • Zoning: 0100

Geography

  • Assessors Map Reference: 174
  • District: 01
  • Parcel: 01-3218-037-0570
  • Block: 24
  • Lot: 13
  • Meridian: SEC 18 TWN 53S RNG 42E
  • Municipality: MIAMI
  • Latitude: 25.8272
  • Longitude: -80.1851

    Address

  • Full Address: 485 Ne 55th Ter
  • Legal Unit: 3
  • Address - House Number: 485
  • Street Direction: NE
  • Address - Street Name: 55th
  • Address - Suffix Type: Ter
  • State: FL
  • City Name: Miami
  • Carrier Code: C065
  • 4-Digit Zip Code: 2616
  • Zip Code: 33137

Valuation

    Tax

  • Total Area: 1,871
  • Tax Year: 2023
  • Tax Amount: $21,089
  • Tax Rate Code Area: 100

    Appraisal Valuation

  • Standard Deviation: 0.0939
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 91
  • Final Value: 1,955,302
  • High Value: 2,138,974
  • Low Value: 1,771,630

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,006,500
  • First Open Lien Mortgage Lender: CITY NATIONAL BANK
  • First Open Lien Mortgage Recording Date: May 18, 2022
  • First Open Lien Mortgage Loan Amount: $1,006,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2052

    Market Valuation

  • Market Total Value: $1,119,326
  • Market Land Value: $791,603
  • Market Improvement Value: $327,723

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $825,812

    Sales

  • Current Sale Contract Date: Feb 21, 2017
  • Current Sale Recording Date: Feb 23, 2017
  • Current Sale Transaction ID: 1397904400
  • Current Sale Price: $857,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2017R0105625
  • Previous Sale Recording Date: May 01, 2015
  • Previous Sale Contract Date: Apr 17, 2015
  • Previous Sale Amount: $555,000
  • Previous Sale Document Type: Warranty Deed

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
3 Baths
1,820 ft²
$852/ft²
$1,550,000 Oct 13, 2023
$1,550,000 Jan 17, 2024
$1,264/mo
House
3 Beds
2 Baths
1,792 ft²
$977/ft²
$1,750,000 Oct 17, 2023
$1,750,000 Jan 16, 2024
$1,527/mo
House
4 Beds
2 Baths
2,517 ft²
$795/ft²
$2,000,000 Oct 17, 2023
$2,000,000 Dec 12, 2023
$354/mo
Condo
3 Beds
3 Baths
2,129 ft²
$808/ft²
$1,720,000 Dec 7, 2023
$1,720,000 Feb 2, 2024
$1,744/mo
House
5 Beds
3 Baths
3,072 ft²
$742/ft²
$2,280,000 Oct 16, 2023
$2,280,000 Dec 29, 2023
$393/mo
House
4 Beds
4 Baths
-
$1,948,000 Sep 26, 2023
$1,948,000 Feb 1, 2024
$1,540/mo
House
3 Beds
2 Baths
2,065 ft²
$1,063/ft²
$2,195,000 Dec 12, 2023
-
$1,322/mo
House
3 Beds
2 Baths
1,518 ft²
$1,087/ft²
$1,650,000 Jan 18, 2024
-
$1,863/mo
House
3 Beds
2 Baths
1,476 ft²
$1,204/ft²
$1,777,000 Feb 15, 2024
-
$173/mo
House
2 Beds
2 Baths
1,859 ft²
$1,195/ft²
$2,222,000 Oct 27, 2023
-
$742/mo
House
3 Beds
2 Baths
2,760 ft²
$888/ft²
$2,450,000 Dec 28, 2023
-
$807/mo
House
4 Beds
4 Baths
2,226 ft²
$1,078/ft²
$2,400,000 Jan 9, 2024
-
$1,765/mo

About Northern Miami


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Frequently Asked Questions

When was property at 485 Northeast 55th Terrace built and last sold?
The property at 485 Northeast 55th Terrace was built in 1949 and last sold on Feb 21, 2017 for $857,500.
How much is this home worth?
The estimated value of the home located at 485 Northeast 55th Terrace is $2,034,288.
What are some comparable homes to 485 Northeast 55th Terrace?
Homes that are comparable to 485 Northeast 55th Terrace include a house property at 5050 Northeast 5th Avenue, 655 Northeast 61st Street, 231 Northeast 48th Terrace.

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