8925 Southwest 5th Terrace

Local assessors in Miami, FL have categorized 8925 Southwest 5th Terrace as a residential type of property. The home was built in 1987 and is 37 years old. The property's lot size has been calculated to be 3,528 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a cluster 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, 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 2 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 8925 Southwest 5th Terrace has a total of 1,372 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 172 sqft. Do you like to entertain? The home has a unknown so you'll have a great option in the front of the home. The building has a rigid frame bar style roof that was made of materials that we aren't sure of. Lots of concrete block 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, 8925 Southwest 5th Terrace was last sold in May 25, 2017 for $300,000. According to our calculations, that's $177.20 per sqft. Prior to that sales transaction, the property was sold for $125,000 in Jan 1, 1970. Current property owners are expected to pay $6,575 in taxes per year. The property on 8925 Southwest 5th Terrace was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $328,867. 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. 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.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.