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5241 Northwest 2nd Terrace

5241 Northwest 2nd Terrace, Miami, FL 33126
Sold Feb 23, 2019
$267,000
$295,000 by United Wholesale Mortgage
Mortgage Due Jun 01, 2036
Sold Jun 21, 2017
$115,000
Buyer
Seller
Local assessors in Miami, FL have categorized 5241 Northwest 2nd Terrace as a residential type of property. The home was built in 1954 and is 70 years old. The property's lot size has been calculated to be 6,950 square feet. The linear feet between the front and back of the lot was measured at 1,390 ft and the front of the lot was measured at 500 ft. 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 is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 5241 Northwest 2nd Terrace has a total of 1,120 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. Do you like to entertain? The home has a unknown so you'll have a great option in the back of the home. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with concrete block control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - E. Lots of a combination of material were used in the construction of the exterior walls of the home. 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, 5241 Northwest 2nd Terrace was last sold in Jan 24, 2019 for $267,000. According to our calculations, that's $132.44 per sqft. Prior to that sales transaction, the property was sold for $115,000 in Jun 3, 2014. Current property owners are expected to pay $7,031 in taxes per year. The property on 5241 Northwest 2nd Terrace was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $365,401. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 2
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Quality: E
  • Construction Type: Concrete block
  • Exterior Walls Type: Combination
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,950
  • Lot Size Depth Feet: 1,390
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,016
  • Gross Building Area: 2,016
  • Building Area: 1,120
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,120
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FLAGLER GROVE ESTATES EXTEN
  • Land Acres: 0.16
  • Standard Land Use Code: Single family residential
  • Legal Description 1: FLAGLER GROVE ESTATES EXTEN PB 8-98 LOT 168 LOT SIZE 50.000 X 139 OR 16770-0444 0495 1

Ownership

  • Current Owner : VALDEZ YAMLEY PERLA
  • Previous Owner : DALY RICARDO
  • Owner Before Previous Owner: ORTIZ BETTY
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: MIAMI
  • Census Tract: 005708

Zoning

  • Zoning: 5700

Geography

  • Assessors Map Reference: 242
  • District: 01
  • Parcel: 01-4106-018-1400
  • Lot: 168
  • Meridian: SEC 06 TWN 54S RNG 41E
  • Municipality: MIAMI
  • Latitude: 25.7744
  • Longitude: -80.281

    Address

  • Full Address: 5241 Nw 2nd Ter
  • Address - House Number: 5241
  • Street Direction: NW
  • Address - Street Name: 2nd
  • Address - Suffix Type: Ter
  • State: FL
  • City Name: Miami
  • Carrier Code: C050
  • 4-Digit Zip Code: 5027
  • Zip Code: 33126

Valuation

    Tax

  • Total Area: 1,538
  • Tax Year: 2023
  • Tax Amount: $7,031
  • Tax Rate Code Area: 100

    Appraisal Valuation

  • Standard Deviation: 0.1848
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 75
  • Final Value: 607,079
  • High Value: 719,302
  • Low Value: 494,856

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $295,000
  • First Open Lien Mortgage Lender: UNITED WHOLESALE MORTGAGE
  • First Open Lien Mortgage Recording Date: Jun 01, 2021
  • First Open Lien Mortgage Loan Amount: $295,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2036

    Market Valuation

  • Market Total Value: $407,077
  • Market Land Value: $257,117
  • Market Improvement Value: $149,960

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $365,401

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 24, 2019
  • Current Sale Recording Date: Feb 23, 2019
  • Current Sale Transaction ID: 11574484637
  • Current Sale Price: $267,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2019R0114690
  • Previous Sale Recording Date: Jun 21, 2017
  • Previous Sale Contract Date: Jun 03, 2014
  • Previous Sale Amount: $115,000
  • Previous Sale Document Type: Quit Claim Deed

    Last Sale Mortgage

  • First Mortgage Lender: AMERICAN BANCSHARES MORTGAGE L
  • First Mortgage Transaction Date: Feb 23, 2019
  • First Mortgage Loan Amount: $262,163
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Feb 01, 2049

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Frequently Asked Questions

What neighborhood is 5241 Northwest 2nd Terrace located in?
The 5241 Northwest 2nd Terrace is a house located in the neighborhood of Flagler Grove Estates in Western Miami, Miami.
What is the average sales price for listings in 5241 Northwest 2nd Terrace?
The average sales price for units in 5241 Northwest 2nd Terrace is $0 currently.

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