1 month on rocket

531 NE 55th Ter, Miami, FL, 33137

$1,675,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
2 Full Baths
1,896 SqFt
$883/SqFt
House

Location

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531 NE 55th Ter, Miami$1,675,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingCovered, Driveway
Garage1 space
Year Built1938
HeatingOther
CoolingOther
ViewNone
MLS #A11650850
StatusActive

About 531 NE 55th Ter

Welcome to an exceptional investment opportunity on the most desirable street in Morningside.Investor Special!Prime Opportunity in Miami's Prestigious Morningside Gated Community. Tear down and build a new or completelyrenovate (complete gut). Strong comps and high return potential make this a golden chance to invest in a premierMiami location. Renovation plans available upon request. Property Highlights: Impact Sliding Glass Doors andWindows:Included with the property. Comprehensive New Plans:Includes MEP, architectural, and pool plans.Pending Approvals:Expected within the next month or two. Excellent Roof Condition:Only 6-7 years old. SolidFoundation:Ready for interior renovation. Community Features: Gated Security Park with Walking Paths TennisCourts

Property Details

Property Features

Property Information:

  • Architectural Style: Detached, One Story
  • Year Built: 1938
  • Stories: 1
  • Living Area: 1,896 SqFt

Listing Office:

  • Office Name: Compass Florida, LLC.
  • Office Phone: (305) 851-2820
  • Listing Agent: Elena Evstigneeva

Interior Features

Interior Information:

  • Appliances: None
  • Flooring Type: Wood
  • Interior: Bedroom on Main Level, First Floor Entry

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • View: None
  • Exterior: Other

Parking Information:

  • Garage Space: 1 space
  • Parking: Covered, Driveway

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: Other

School Info

Assigned Schools Information:

  • Miami Edison Senior High School, Public Magnet Grades 9-12
  • Horace Mann Middle School, Public Magnet Grades 6-8
  • Morningside K-8 Academy, Public Magnet Grades PK-5

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,675,000
  • Price Per SqFt: $883/SqFt

Tax Information:

  • Annual Amount: $13,798
  • 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

$560.4K

Med. Price/SqFt

$389

Avg. Days On Market

60

# of Sold Homes

698

531 NE 55th Ter vs Miami

46 DAYS ON ROCKET

-14 Days

$1,675,000

+$1.1M More

$883/SqFt

+$493 More

KEY TAKEAWAY

This property is $1.1M more than the Median Sold Price and $493/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: #A11650850

Listing Office:

  • Office Name: Compass Florida, LLC.
  • Office Phone: (305) 851-2820
  • Listing Agent: Elena Evstigneeva

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: 11/5/2024, 9:20:48 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$13,798$565,922
2018$7,561$319,686
2017$7,509$313,111

History based on county public records data.

Payment Calculator

$8,427

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,088

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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.

Elementary School

school-card-donut-2063171
6
/10

  • Morningside K-8 Academy

  • 6620 NE 5th Ave

  • 0.68 miles

  • Public Magnet Grades PK-5

Middle School

school-card-donut-2063172
3
/10

  • Horace Mann Middle School

  • 8950 NW 2nd Ave

  • 2.32 miles

  • Public Magnet Grades 6-8

High School

school-card-donut-2063173
3
/10

  • Miami Edison Senior High School

  • 6161 NW 5th Ct

  • 1.32 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $76,500. The most common annual income of people living in Miami, FL is between $100k-200k. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 531 NE 55th Ter

What is the listing price of this property?

The listing price of 531 NE 55th Ter property is $1,675,000.

What type of property is this?

The property 531 NE 55th Ter is a house located in Miami, Florida, 33137.

Is this property for sale now?

Active Listing: 531 NE 55th Ter is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 531 NE 55th Ter are:
Morningside K-8 Academy: GreatSchools Rating 6/10
Horace Mann Middle School: GreatSchools Rating 3/10
Miami Edison Senior High School: GreatSchools Rating 3/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $13,798 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 531 NE 55th Ter has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 531 NE 55th Ter is 1,896 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 531 NE 55th Ter is 1938.

Rocket Homes›Florida›Miami-Dade County›Miami›33137›531 NE 55th Ter

This home is located at 531 NE 55th Ter in Miami, FL and zip code 33137 in the Morningside / Bay Shore neighborhood. This 1,896 square foot home was built in 1938. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 20, 2024 and is currently priced at $1,675,000.

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%. In October 2024, listings were on the market for 60 days. During the same period, the median list price in this real estate market was $560,436.

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

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