5055 NW 7 ST 508, Miami, FL 33126

Parcel: 0131310200560 · Residential · Condominium - Residential · Zoning: 6106

Assessed Value (2025)
$167,492

Property Details

Beds
2
Baths
2
Living Sqft
1,037
Year Built
1973
RESIDENTIAL - TOTAL VALUE : CONDOMINIUM - RESIDENTIAL

Sales History

1
$49,500
1989-10-01
2
$100non-market transfer
2015-12-21
MARIA A HORSTMANN MARIA A HORSTMANN LE
3
$150,000
2019-10-09
MARIA A HORSTMANN LENILO SOMOANO

Tax Assessment History

$167,492
Assessed (2025)
$227,563
Market Value
$167,492
Taxable Value
$3,410
Annual Tax
2024
$152,266
$206,875
2025
$167,492
$227,563
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $167,492 $227,563 $167,492 $3,410
2024 $152,266 $206,875 $152,266 $3,100

About 5055 NW 7 ST 508, Miami, FL 33126

5055 NW 7 ST 508, Miami, FL 33126 is a 2-bedroom, 2-bathroom residential - total value : condominium - residential built in 1973 with 1,037 square feet of living space. The property is currently owned by NILO SOMOANO, recorded as of 2026-03-29. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2019-10-09 for $150,000, when MARIA A HORSTMANN LE sold to NILO SOMOANO. The property has appreciated $149,900 (149900%) since the prior sale of $100 on 2015-12-21. There are 3 recorded sales for this property.

The 2025 assessed value is $167,492 with a market value of $227,563. The assessed value increased 10% from $152,266 in 2024. The median household income in this area is $59,779, and the median home value is $263,200.

The population density is 54,361 people per square mile. 5055 NW 7 ST 508, Miami, FL 33126 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 1989 to 2019, with 3 recorded transactions in the public record. The current assessed value represents 112% of the most recent sale price. Based on the most recent sale, this property traded at $145 per square foot — a key metric for comparing value across Miami's real estate market..

Current Owner

NILO SOMOANO
5055 NW 7 ST 710, MIAMI, FL, 33126
Since: 2026-03-29
View owner profile →

Est. Annual Insurance

$2,074 — $3,814
Flood $400 — $800
Property/Wind $1,674 — $3,014

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$59,779
Median Home Value$263,200
Pop. Density54,361/sq mi

Neighborhood 33126

29.9%
Owner-Occ
70.1%
Investor
237
Flips (4yr)
13,798
New Biz (3yr)
Distress Risk
ELEVATED
41
View full risk analysis →
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