38 NW 47 TER, Miami, FL 33127

38 NW 47 TER, Miami, FL 33127 is a 2-bedroom, 1-bathroom residential - single family : 1 unit built in 1926 with 1,304 square feet of living space on a 5,000 square foot lot. The property is currently owned by ALVARO JOSE VILLAFANE JOHN UDBARDY, recorded as of 2026-04-19. The owner appears to be owner-occupied based on the mailing address matching the property address.

The most recent sale was on 2025-07-11 for $715,000. There are 4 recorded sales for this property. The 2025 assessed value is $74,286 with a market value of $493,903.

This breaks down to $375,000 for the land and $118,903 for the building. The assessed value increased 3% from $72,193 in 2024. The property has the following tax exemptions: homestead.

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 $672,943 recorded against this property. 38 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 2002 to 2025, with 4 recorded transactions in the public record. The current assessed value represents 10% 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 $548 per square foot — a key metric for comparing value across Miami's real estate market..