5501 NW 7 ST E406, Miami, FL 33126

Parcel: 0131310240480 · Residential · Condominium - Residential · Zoning: 6106

Assessed Value (2025)
$65,401

Property Details

Beds
2
Baths
2
Living Sqft
888
Year Built
1972
RESIDENTIAL - TOTAL VALUE : CONDOMINIUM - RESIDENTIAL

Sales History

1
$36,000
1988-12-01
2
$51,000+42%
1995-12-01
3
$192,000+276%
2006-10-01

Tax Assessment History

$65,401
Assessed (2025)
$198,000
Market Value
$25,000
Taxable Value
$509
Annual Tax
2024
$63,558
$204,800
2025
$65,401
$198,000
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $65,401 $198,000 $25,000 $509
2024 $63,558 $204,800 $25,000 $509

About 5501 NW 7 ST E406, Miami, FL 33126

5501 NW 7 ST E406, Miami, FL 33126 is a 2-bedroom, 2-bathroom residential - total value : condominium - residential built in 1972 with 888 square feet of living space. The property is currently owned by RAUL V ROJAS &W ILEANA GUERRA, 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 2006-10-01 for $192,000. The property has appreciated $141,000 (276%) since the prior sale of $51,000 on 1995-12-01. There are 3 recorded sales for this property.

The 2025 assessed value is $65,401 with a market value of $198,000. The assessed value increased 3% from $63,558 in 2024. The property has the following tax exemptions: homestead.

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. 5501 NW 7 ST E406, 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 1988 to 2006, with 3 recorded transactions in the public record. The current assessed value represents 34% 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 $216 per square foot — a key metric for comparing value across Miami's real estate market..

Current Owner

RAUL V ROJAS &W ILEANA GUERRA
5501 NW 7 ST #E406, MIAMI, FL, 33126-3204
Since: 2026-04-19
View owner profile →

Est. Annual Insurance

$1,900 — $3,800
Flood $400 — $800
Property/Wind $1,500 — $3,000

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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