1241 NW 51 TER, Miami, FL 33142

1241 NW 51 TER, Miami, FL 33142 is a 2-bedroom, 1-bathroom residential - single family : 1 unit built in 1941 with 982 square feet of living space on a 5,000 square foot lot. The property is currently owned by OSMANY SERRANO DAYRI PENA, recorded as of 2026-04-19. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2018-05-23 for $129,900, when WILLIE G BAIN sold to OSMANY SERRANO. The property has appreciated $129,800 (129800%) since the prior sale of $100 on 2018-04-13. There are 3 recorded sales for this property.

The 2025 assessed value is $197,461 with a market value of $228,547. This breaks down to $135,000 for the land and $93,547 for the building. The assessed value increased 10% from $179,510 in 2024.

The median household income in this area is $37,550, and the median home value is $320,700. The population density is 9,415 people per square mile. 1241 NW 51 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 2014 to 2018, with 3 recorded transactions in the public record. The current assessed value represents 152% 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 $132 per square foot — a key metric for comparing value across Miami's real estate market..