1850 NW 55 TER, Miami, FL 33142

1850 NW 55 TER, Miami, FL 33142 is a 3-bedroom, 1-bathroom residential - single family : 1 unit built in 1950 with 896 square feet of living space on a 5,250 square foot lot. The property is currently owned by RAFAEL FORNES SR, recorded as of 2026-03-29. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2019-11-26 for $150,000, when NEW LEAF HOMES LLC sold to RAFAEL FORNES SR. The property has appreciated $149,900 (149900%) since the prior sale of $100 on 2015-05-08. There are 3 recorded sales for this property.

The 2025 assessed value is $201,796 with a market value of $280,535. This breaks down to $199,500 for the land and $81,035 for the building. The assessed value increased 10% from $183,451 in 2024.

The median household income in this area is $45,135, and the median home value is $272,300. The population density is 8,949 people per square mile. 1850 NW 55 TER, Miami, FL 33142 is located in Miami, Florida.

Property records, tax assessments, sales history, and ownership information for this Miami property are sourced from miami_dade County public records. The complete ownership history of this property spans from 2013 to 2019, with 3 recorded transactions in the public record. The current assessed value represents 135% of the most recent sale price.

This high ratio could indicate the property was purchased below market value — a potential sign of a distressed sale or off-market deal. Based on the most recent sale, this property traded at $167 per square foot — a key metric for comparing value across Miami's real estate market..