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540 Northeast 50th Terrace

540 Northeast 50th Terrace, Miami, FL 33137
Property in Park Plaza
Sold Aug 22, 2003
$426,000
$390,000 by Td Bank Na
Mortgage Due Apr 21, 2048
Sold Dec 22, 1998
$133,000
$97,500 by Miami Beach Federal Credit Uni
Mortgage
Local assessors in Miami, FL have categorized 540 Northeast 50th Terrace as a residential type of property. The home was built in 1954 and is 70 years old. It was most recently renovated and altered in 2009. The property's lot size has been calculated to be 9,000 square feet. The linear feet between the front and back of the lot was measured at 1,200 ft and the front of the lot was measured at 750 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, 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 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 540 Northeast 50th Terrace has a total of 2,177 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. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 126 sqft. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. 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. 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, 540 Northeast 50th Terrace was last sold in Aug 13, 2003 for $426,000. According to our calculations, that's $155.64 per sqft. Prior to that sales transaction, the property was sold for $133,000 in Jan 1, 1970. Current property owners are expected to pay $9,437 in taxes per year. The property on 540 Northeast 50th Terrace was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $396,472. 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: 2009
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Construction Type: Concrete block
  • Exterior Walls Type: Combination
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 126
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 9,000
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 750
  • Total Building Area: 2,737
  • Gross Building Area: 2,737
  • Building Area: 2,177
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,177
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PARK PLAZA
  • Land Acres: 0.207
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PARK PLAZA PB 44-61 LOT 4 & THAT PART OF TR A S & ADJ BLK 6 LOT SIZE 75.000 X 120 OR 18402-1488 1098 1 COC 21563-2883 08 2003 1

Ownership

  • Current Owner : SCHEPIS CORRADO
  • Current Owner 2: SCHEPIS ELIZABETH
  • Previous Owner : BUCKLES NORMAN C
  • Owner Before Previous Owner: AAMES CAPITAL CORP
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Zoning

  • Zoning: 0100

Geography

  • Assessors Map Reference: 175
  • District: 01
  • Subdivision Tract Number: A
  • Parcel: 01-3219-004-1020
  • Block: 6
  • Lot: 4
  • Meridian: SEC 19 TWN 53S RNG 42E
  • Municipality: MIAMI
  • Latitude: 25.822
  • Longitude: -80.1836

    Address

  • Full Address: 540 Ne 50th Ter
  • Address - House Number: 540
  • Street Direction: NE
  • Address - Street Name: 50th
  • Address - Suffix Type: Ter
  • State: FL
  • City Name: Miami
  • Carrier Code: C066
  • 4-Digit Zip Code: 3021
  • Zip Code: 33137

Valuation

    Tax

  • Total Area: 2,370
  • Tax Year: 2023
  • Tax Amount: $9,437
  • Tax Rate Code Area: 100

    Appraisal Valuation

  • Standard Deviation: 0.1828
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 76
  • Final Value: 1,744,603
  • High Value: 2,063,644
  • Low Value: 1,425,563

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $390,000
  • First Open Lien Mortgage Lender: TD BANK NA
  • First Open Lien Mortgage Recording Date: May 03, 2018
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $390,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • First Open Lien Mortgage Loan Due Date: Apr 21, 2048

    Market Valuation

  • Market Total Value: $1,308,567
  • Market Land Value: $989,982
  • Market Improvement Value: $318,585

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $396,472

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 13, 2003
  • Current Sale Recording Date: Aug 22, 2003
  • Current Sale Transaction ID: 1058763451
  • Current Sale Price: $426,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2003R0608394
  • Previous Sale Recording Date: Dec 22, 1998
  • Previous Sale Amount: $133,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: AMBASSADOR FUNDING INC
  • First Mortgage Transaction Date: Aug 22, 2003
  • First Mortgage Loan Amount: $268,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Unknown (DEFAULT)
  • First Mortgage Loan Due Date: Sep 01, 2033

    Previous Mortgages

  • Previous Mortgage Lender: MIAMI BEACH FEDERAL CREDIT UNI
  • Previous Mortgage Transaction Date: Dec 22, 1998
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $97,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

About Northern Miami



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Frequently Asked Questions

What neighborhood is 540 Northeast 50th Terrace located in?
The 540 Northeast 50th Terrace is a located in the neighborhood of Park Plaza in Northern Miami, Miami.
What is the average sales price for listings in 540 Northeast 50th Terrace?
The average sales price for units in 540 Northeast 50th Terrace is $0 currently.

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