492 Northeast 5th Street

Local assessors in Homestead, FL have categorized 492 Northeast 5th Street as a residential type of property. The home was built in 2021 and is 3 years old. The property's lot size has been calculated to be 867 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, 2 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. If we look only at the heated or air conditioned part of the building, then 492 Northeast 5th Street has a total of 1,208 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. The property was last sold in Jan 31, 2022 for $315,990. That's $261.58 per sqft. 492 Northeast 5th Street was last assessed in 2023. The total value of the property was assessed at $285,000. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $8,301. 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.