1 month on rocket

242 NE 55th Ter, Miami, FL, 33137

$1,250,000

Home List Price

$10,000*

Closing Credit

0 Baths
1,620 SqFt
$772/SqFt
Multi

Location

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242 NE 55th Ter, Miami$1,250,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
Year Built1953
HeatingElectric
CoolingOther
MLS #A11674866
StatusActive

About 242 NE 55th Ter

Discover a fantastic investment in this well-maintained multifamily property situated in a thriving neighborhood in an opportunity zone. This property boasts multiple spacious units, each featuring modern finishes, ample natural light, ensuring convenience for both tenants and owners. With a strong rental history and low vacancy rates, it’s an ideal addition to any portfolio. Enjoy the benefits of being in a desirable area with close proximity to local amenities, parks, public transport, restaurant, schools and much more!!!

Property Details

Property Features

Property Information:

  • Year Built: 1953
  • Stories: 1
  • Living Area: 1,620 SqFt

Listing Office:

  • Office Name: Green Lands Realty
  • Office Phone: (305) 503-4121
  • Listing Agent: Silvia Garaza

Interior Features

Interior Information:

  • Flooring Type: Tile

Exterior Features

Exterior Information:

  • Exterior: Fence, Lighting

Virtual/3D Tour

  • Virtual Tour: 242 NE 55th Ter
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Utilities

Utilities Information:

  • Heating: Electric
  • Cooling: Other

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,250,000
  • Price Per SqFt: $772/SqFt

Tax Information:

  • Annual Amount: $4,407
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Miami, FL.

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Miami, FL

City

Med. Sold Price

$565.6K

Med. Price/SqFt

$391

Avg. Days On Market

60

# of Sold Homes

595

242 NE 55th Ter vs Miami

57 DAYS ON ROCKET

-3 Days

$1,250,000

+$684.3K More

$772/SqFt

+$380 More

KEY TAKEAWAY

This property is $684.3K more than the Median Sold Price and $380/SqFt more than other homes in Miami, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11674866

Listing Office:

  • Office Name: Green Lands Realty
  • Office Phone: (305) 503-4121
  • Listing Agent: Silvia Garaza

IDX © 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 1:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$4,407$171,214
2018$2,529$66,785
2017$2,392$110,155

History based on county public records data.

Payment Calculator

$6,306

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,814

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-841069
7
/10

  • Toussaint L'Ouverture Elementary School

  • 120 NE 59th St

  • 0.27 miles

  • Public District Grades PK-5

school-card-donut-841070
7
/10

  • Shadowlawn Elementary School

  • 149 NW 49th St

  • 0.61 miles

  • Public District Grades PK-5

school-card-donut-841071
6
/10

  • Morningside K-8 Academy

  • 6620 NE 5th Ave

  • 0.76 miles

  • Public Magnet Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $30,048. Typical income of Miami, FL residents is less than $35k annually. Typical family type is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Miami-Dade County›Miami›33137›242 NE 55th Ter

This home is located at 242 NE 55th Ter in Miami, FL and zip code 33137 in the Buena Vista neighborhood. This 1,620 square foot home was built in 1953. It has been listed on Rocket Homes since October 25, 2024 and is currently priced at $1,250,000.

Over 38 listings were sold over their listed price in November 2024 in Miami, FL. In the same period over 445 listings were sold below the listed price and 112 listings were sold for the listed price. In November 2024 in Miami, FL there were 6.7% more homes for sale than in October 2024. In November 2024 median list price was $565,671 and the average listing age was 60 days.

From Rocket Homes Real Estate and based on county public records data.

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