1581 NW 55 TER, Miami, FL 33142

1581 NW 55 TER, Miami, FL 33142 is a 2-bedroom, 1-bathroom residential - single family : 1 unit built in 1953 with 1,039 square feet of living space on a 10,500 square foot lot. The property is currently owned by GEORGE D PRATT III, recorded as of 2026-03-29. The owner appears to be owner-occupied based on the mailing address matching the property address.

The most recent sale was on 2019-06-24 for $150,000, when SECRETARY OF HUD sold to GEORGE D PRATT III. The property has appreciated $53,700 (56%) since the prior sale of $96,300 on 2018-10-23. There are 3 recorded sales for this property.

The 2025 assessed value is $239,852 with a market value of $482,960. This breaks down to $378,000 for the land and $104,960 for the building. The assessed value increased 3% from $233,093 in 2024.

The property has the following tax exemptions: homestead. The median household income in this area is $40,441, and the median home value is $358,900. The population density is 13,671 people per square mile.

1581 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 2015 to 2019, with 3 recorded transactions in the public record.

The current assessed value represents 160% 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 $144 per square foot — a key metric for comparing value across Miami's real estate market..