37 NW 47 TER, Miami, FL 33127

37 NW 47 TER, Miami, FL 33127 is a 3-bedroom, 2-bathroom multifamily 2-9 units : 2 living units built in 1930 with 2,346 square feet of living space on a 6,000 square foot lot. The property is currently owned by 37 NW 47 LLC, recorded as of 2026-06-21. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2026-05-14 for $930,000, when 37 NW 47TH TERRACE LLC sold to 37 NW 47 LLC. The property has appreciated $929,900 (929900%) since the prior sale of $100 on 2018-08-28. There are 3 recorded sales for this property.

The 2025 assessed value is $483,367 with a market value of $624,697. This breaks down to $450,000 for the land and $174,697 for the building. The assessed value increased 10% from $439,425 in 2024.

This property is located in FEMA Flood Zone X, which indicates minimal flood risk. Flood insurance is typically not required for properties in Zone X. The median household income in this area is $49,685, and the median home value is $657,900.

The population density is 8,510 people per square mile. There are active mortgage liens totaling $773,435 recorded against this property. 37 NW 47 TER, Miami, FL 33127 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 2011 to 2026, with 3 recorded transactions in the public record. The current assessed value represents 52% of the most recent sale price.

This low ratio may suggest the property is under-assessed relative to market value, common after recent improvements or a competitive purchase. Based on the most recent sale, this property traded at $396 per square foot — a key metric for comparing value across Miami's real estate market..