5150 Northwest 2nd Terrace

5150 Northwest 2nd Terrace has been categorized by the local assessors in Miami, FL as a residential type of property. The building on the property was first built in 1949 and is 75 years old. However, we must point out that the home was most recently renovated and altered in 1954. The home has a total of 3 bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 5150 Northwest 2nd Terrace has 2,075 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,390 ft and across the front of the lot is 500 ft. The area measurement of the land has been determined as 6,950 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Residents will have the luxury of enjoying a unknown. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with concrete block control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of E by the local assessor. The building has a gable or hip style roof made of tile. The exterior walls of the building are made of a material which is produced from two or more constituent materials. As for the floors, you'll see that the home has flooring throughout. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 5150 Northwest 2nd Terrace sold most recently in Jul 31, 2023 for a total of $775,000. If you work out the math, that's approximately a cost of $367.82 per sqft. Before that, the property was also sold for $625,000 in Aug 6, 2021. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $11,542 in taxes each year. 5150 Northwest 2nd Terrace was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $542,975. If we break it down further, the land itself was valued at $257,117. Improvements to the property, however, were assessed at a total of $285,858. The property's total market value has been marked the same as the total assessed value which is pretty typical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.