26 days 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

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

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

Buyer Closing Credits

$10,000*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

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
Virtual Tour

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
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

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

Map thumbnail provided by MapBox

Miami, FL

City

Med. Sold Price

$560.4K

Med. Price/SqFt

$389

Avg. Days On Market

60

# of Sold Homes

698

242 NE 55th Ter vs Miami

26 DAYS ON ROCKET

-34 Days

$1,250,000

+$689.5K More

$772/SqFt

+$382 More

KEY TAKEAWAY

This property is $689.5K more than the Median Sold Price and $382/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: 11/21/2024, 7:20:47 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

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

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-218698
7
/10

  • Toussaint L'Ouverture Elementary School

  • 120 NE 59th St

  • 0.27 miles

  • Public District Grades PK-5

school-card-donut-218699
7
/10

  • Shadowlawn Elementary School

  • 149 NW 49th St

  • 0.61 miles

  • Public District Grades PK-5

school-card-donut-218700
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. The majority of Miami, FL residents have income less than $35k annually. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.

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.

In October 2024, from all listings sold in Miami, FL there were more than 62 sold above asking price, over 507 sold below and more than 129 were sold right at the asked price. Between September 2024 and October 2024, Miami, FL real estate market has seen increase in the number of listings by 8.3%. Listings spent 60 days on the market in October 2024, and had a median list price of $560,436 during the same period.

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

More Resources