16 days on rocket

5840 SW 62nd Ter, Miami, FL, 33143

$1,200,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
2 Full Baths
2,626 SqFt
$457/SqFt
House

Location

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5840 SW 62nd Ter, Miami$1,200,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway
Year Built1950
HeatingCentral, Electric
CoolingCentral Air, Ceiling Fan(s), Electric
ViewGarden
MLS #A11678252
StatusActive

About 5840 SW 62nd Ter

Welcome to this spacious home set on an impressive 11,136 Sq.Ft. lot, offering endless possibilities with ample space to add a pool and designated RV and boat parking—plus, no HOA! Enjoy an expansive layout featuring generous living and dining areas, a large kitchen, 4 well-sized bedrooms, a primary suite with dual closets, multiple family rooms, and a bonus workshop that can be converted to a garage. Step outside to a fully fenced backyard with a patio and fruit trees, perfect for relaxation and enjoyment. Conveniently located near top-rated schools, parks, and shopping, the University of Miami, CocoWalk, Sunset Place, Matheson Hammock, Dadeland Mall, and Miracle Mile. Explore the home in detail through an immersive 3D virtual tour. May the Force be with you!

Property Details

Property Features

Property Information:

  • Architectural Style: Detached, One Story
  • Year Built: 1950
  • Stories: 1
  • Living Area: 2,626 SqFt

Listing Office:

  • Office Name: The Keyes Company
  • Office Phone: (305) 376-7202
  • Listing Agent: Saud Rai

Interior Features

Interior Information:

  • Appliances: Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Flooring Type: Tile
  • Interior: Built-in Features, Bedroom on Main Level, Closet Cabinetry, Entrance Foyer, First Floor Entry, Other, Pantry, Attic

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • View: Garden
  • Exterior: Balcony, Fence, Patio, Storm/Security Shutters

Parking Information:

  • Parking: Driveway

Virtual/3D Tour

  • 3D Tour: 5840 SW 62nd Ter
3D Tour

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air, Ceiling Fan(s), Electric

Other

Directions Information:

  • Directions: Use GPS

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,200,000
  • Price Per SqFt: $457/SqFt

Tax Information:

  • Annual Amount: $1,918
  • 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

5840 SW 62nd Ter vs Miami

16 DAYS ON ROCKET

-44 Days

$1,200,000

+$639.5K More

$457/SqFt

+$67 More

KEY TAKEAWAY

This property is $639.5K more than the Median Sold Price and $67/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: #A11678252

Listing Office:

  • Office Name: The Keyes Company
  • Office Phone: (305) 376-7202
  • Listing Agent: Saud Rai

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: 11/15/2024, 5:20:48 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$1,918$144,377
2018$1,728$138,033
2017$1,715$135,194

History based on county public records data.

Payment Calculator

$6,057

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,664

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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-390602
10
/10

  • Somerset Academy Elementary School South Miami Campus

  • 5876 SW 68th St

  • 0.35 miles

  • Public Charter Grades KG-5

school-card-donut-390603
10
/10

  • Sunset Elementary School

  • 5120 Sunset Dr

  • 0.97 miles

  • Public Magnet Grades PK-5

school-card-donut-390604
8
/10

  • Ludlam Elementary School

  • 6639 SW 74th St

  • 1.04 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $49,368. The most common annual income of people living in Miami, FL is between $35k-100k. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5840 SW 62nd Ter

What is the listing price of this property?

The listing price of 5840 SW 62nd Ter property is $1,200,000.

What type of property is this?

The property 5840 SW 62nd Ter is a house located in Miami, Florida, 33143.

Is this property for sale now?

Active Listing: 5840 SW 62nd Ter is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,918 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 5840 SW 62nd Ter has 4 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 5840 SW 62nd Ter is 2,626 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5840 SW 62nd Ter is 1950.

Rocket Homes›Florida›Miami-Dade County›Miami›33143›5840 SW 62nd Ter

This home is located at 5840 SW 62nd Ter in Miami, FL and zip code 33143 in the East South Miami neighborhood. This 2,626 square foot home was built in 1950. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 29, 2024 and is currently priced at $1,200,000.

In October 2024 more than 62 listings in Miami, FL were sold above the asking price. During the same period more than 129 listings were sold at asking price, while more than 507 were sold below. In October 2024 in Miami, FL there were 8.3% more homes for sale than in September 2024. The median list price of listings available in October 2024 was $560,436, while the average time on the real estate market was 60 days.

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

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