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7940 Northwest 196th Terrace

7940 Northwest 196th Terrace, Hialeah, FL 33015
Property in Spanish Lakes
Sold Dec 11, 2020
$455,000
$432,250 by Primary Residential Mortgage I
Mortgage Due Jan 01, 2051
Sold Aug 29, 1997
$144,000
$115,150 by Imperial Home Loans Inc
Mortgage
7940 Northwest 196th Terrace in Hialeah, FL was first built in 1997 and is 27 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a cluster style. There are a total of 2 floors. There are a total of 0 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 7940 Northwest 196th Terrace has 2,168 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 4,223 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. The home has a rigid frame bar style roof made of materials that we aren't sure of. For those who need parking, there is a garage. The garage is 290 sqft. The exterior walls of the home are made of concrete block. 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, 7940 Northwest 196th Terrace sold most recently in Dec 1, 2020 for a total of $455,000. If you work out the math, that's approximately a cost of $171.25 per sqft. Before that, the property was also sold for $144,000 in Jan 1, 1970. 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 $5,495 in taxes each year. 7940 Northwest 196th Terrace was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $329,829. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Style: Cluster
  • Exterior Walls Type: Concrete block
  • Roof Shape Type: Rigid frame bar
  • Roof Cover Type: Other
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 290
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,223
  • Total Building Area: 2,657
  • Gross Building Area: 2,657
  • Building Area: 2,168
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,168
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SPANISH LAKES 1ST ADDN
  • Land Acres: 0.097
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SPANISH LAKES 1ST ADDN PB 149-66 T-19066 LOT 41 BLK 4 LOT SIZE 4223 SQ FT & INT IN COMMON AREAS FAU 30-2003-001-0020-0021-0031 OR 17771-2051 0897 1

Ownership

  • Current Owner : RODRIGUEZ ROXANA
  • Current Owner 2: GARCIA HENRY
  • Previous Owner : ARMAS JUSTO P
  • Previous Owner 2: ARMAS MIRIAM C
  • Owner Before Previous Owner: LENNAR HOMES INC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Married Woman as her sole & separate property

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: UNINCORPORATED
  • Census Tract: 012302

Zoning

  • Zoning: 0101

Geography

  • Assessors Map Reference: 21
  • District: 30
  • Parcel: 30-2003-038-0580
  • Block: 4
  • Lot: 41
  • Meridian: SEC 03 TWN 52S RNG 40E
  • Municipality: UNINCORPORATED COUNTY
  • Latitude: 25.9516
  • Longitude: -80.3318

    Address

  • Full Address: 7940 Nw 196th Ter
  • Address - House Number: 7940
  • Street Direction: NW
  • Address - Street Name: 196th
  • Address - Suffix Type: Ter
  • State: FL
  • City Name: Hialeah
  • Carrier Code: C032
  • 4-Digit Zip Code: 6363
  • Zip Code: 33015

Valuation

    Tax

  • Total Area: 2,255
  • Tax Year: 2023
  • Tax Amount: $5,495
  • Tax Rate Code Area: 3000

    Appraisal Valuation

  • Standard Deviation: 0.1684
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 78
  • Final Value: 689,219
  • High Value: 805,343
  • Low Value: 573,096

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $432,250
  • First Open Lien Mortgage Lender: PRIMARY RESIDENTIAL MORTGAGE I
  • First Open Lien Mortgage Recording Date: Dec 11, 2020
  • First Open Lien Mortgage Loan Amount: $432,250
  • 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: Jan 01, 2051

    Market Valuation

  • Market Total Value: $441,714
  • Market Land Value: $154,140
  • Market Improvement Value: $287,574

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $329,829

    Sales

  • Current Sale Contract Date: Dec 01, 2020
  • Current Sale Recording Date: Dec 11, 2020
  • Current Sale Transaction ID: 11809698695
  • Current Sale Price: $455,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020R0712503
  • Previous Sale Recording Date: Aug 29, 1997
  • Previous Sale Amount: $144,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PRIMARY RESIDENTIAL MORTGAGE I
  • First Mortgage Transaction Date: Dec 11, 2020
  • First Mortgage Loan Amount: $432,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: IMPERIAL HOME LOANS INC
  • Previous Mortgage Transaction Date: Aug 29, 1997
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $115,150
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

About Spanish Lakes



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Frequently Asked Questions

What neighborhood is 7940 Northwest 196th Terrace located in?
The 7940 Northwest 196th Terrace is a located in the neighborhood of Spanish Lakes in Spanish Lakes, Hialeah.
What is the average sales price for listings in 7940 Northwest 196th Terrace?
The average sales price for units in 7940 Northwest 196th Terrace is $0 currently.

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