231 NE 48 TER, Miami, FL 33137

231 NE 48 TER, Miami, FL 33137 is a 3-bedroom, 2-bathroom residential - single family : 1 unit built in 1945 with 1,476 square feet of living space on a 6,500 square foot lot. The property is currently owned by PHILIP CELLUCCI CHI TRUONG, 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 2010-09-14 for $100,000, when ANNETTE RYCHEL sold to PHILIP CELLUCCI. The 2025 assessed value is $132,068 with a market value of $692,334. This breaks down to $539,500 for the land and $152,834 for the building.

The assessed value increased 3% from $128,346 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 $67,271, and the median home value is $618,500. The population density is 8,215 people per square mile.

231 NE 48 TER, Miami, FL 33137 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 current assessed value represents 132% of the most recent sale price.

This high ratio could indicate the property was purchased below market value — a potential sign of a distressed sale or off-market deal. Based on the most recent sale, this property traded at $68 per square foot — a key metric for comparing value across Miami's real estate market..