161 NW 40 ST, Miami, FL 33127
Parcel: 0131240210150 · Residential - Single Family · 1 Unit · Zoning: 0104
Assessed Value (2025)
$535,010
Property Details
Beds
2
Baths
1
Living Sqft
1,800
Year Built
1949
Lot Sqft
5,000
Stories
1
RESIDENTIAL - SINGLE FAMILY : 1 UNIT
Sales History
1
N/Anon-market transfer
2017-11-07
MERLE V FRANCIS → JOHN FRANCIS
2
$570,000
2022-04-21
JOHN FRANCIS → YUREG JOSE PRADO VARGAS
3
$570,000
2022-04-29
4
$100non-market transfer
2023-12-02
YUREG JOSE PRADO VARGAS → YUREG JOSE PRADO VARGAS
5
N/A
2024-01-18
Tax Assessment History
$535,010
Assessed (2025)
$535,010
Market Value
$479,288
Taxable Value
$9,758
Annual Tax
2024
$510,725
2025
$535,010
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $535,010 | $535,010 | $479,288 | $9,758 | $375,000 | $160,010 |
| 2024 | $510,725 | $510,725 | $510,725 | $10,398 | $367,638 | $143,087 |
About 161 NW 40 ST, Miami, FL 33127
161 NW 40 ST, Miami, FL 33127 is a 2-bedroom, 1-bathroom residential - single family : 1 unit built in 1949 with 1,800 square feet of living space on a 5,000 square foot lot. The property is currently owned by YUREG JOSE PRADO VARGAS FRANCISCA CELIA BROWN, recorded as of 2026-04-19. The owner appears to be owner-occupied based on the mailing address matching the property address.
There are 5 recorded sales for this property. The 2025 assessed value is $535,010 with a market value of $535,010. This breaks down to $375,000 for the land and $160,010 for the building.
The assessed value increased 5% from $510,725 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 $434,515 recorded against this property. 161 NW 40 ST, 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 2017 to 2024, with 5 recorded transactions in the public record..
Current Owner
YUREG JOSE PRADO VARGAS FRANCISCA CELIA BROWN
161 NW 40 ST, MIAMI, FL, 33127
Since: 2026-04-19
View owner profile →
Flood Zone
Zone X
Minimal risk
Est. Annual Insurance
$6,820 — $12,570
Flood $400 — $800
Property/Wind $6,420 — $11,770
Estimate based on FEMA flood zone, property value, and year built. Actual premiums vary based on elevation, mitigation features, roof condition, and insurer. Not a quote.
Neighborhood
Median Income$49,685
Median Home Value$657,900
Pop. Density8,510/sq mi
Neighborhood 33127
32.7%
Owner-Occ
67.3%
Investor
303
Flips (4yr)
5,843
New Biz (3yr)
Distress Risk
ELEVATED
44
Mortgages
ACTIVE
$456,000
A&D MORTGAGE LLC · 2022-04-29
Est. Total Balance $434,515
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
Zoom in to see property sales