261 NE 48 TER, Miami, FL 33137
Parcel: 0132190090560 · Residential - Single Family · 1 Unit · Zoning: 0104
Assessed Value (2025)
$652,771
Property Details
Beds
3
Baths
2
Living Sqft
1,432
Year Built
1946
Lot Sqft
6,500
Stories
1
RESIDENTIAL - SINGLE FAMILY : 1 UNIT
Sales History
1
$100non-market transfer
2020-10-22
MARIO A SANCHEZ → MARIO SANCHEZ TRS
2
$100non-market transfer
2021-12-07
MARIO SANCHEZ TRS → FABIOLA SANTANDER TRS
3
$100non-market transfer
2025-05-25
FABIOLA SANTANDER TRS → MAURICIO VARGAS
4
N/A
2025-06-03
Tax Assessment History
$652,771
Assessed (2025)
$693,857
Market Value
$652,771
Taxable Value
$13,290
Annual Tax
2024
$593,429
$645,690
2025
$652,771
$693,857
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $652,771 | $693,857 | $652,771 | $13,290 | $539,500 | $154,357 |
| 2024 | $593,429 | $645,690 | $593,429 | $12,082 | $539,401 | $106,289 |
About 261 NE 48 TER, Miami, FL 33137
261 NE 48 TER, Miami, FL 33137 is a 3-bedroom, 2-bathroom residential - single family : 1 unit built in 1946 with 1,432 square feet of living space on a 6,500 square foot lot. The property is currently owned by MAURICIO VARGAS, recorded as of 2026-03-29. The owner appears to be owner-occupied based on the mailing address matching the property address.
There are 4 recorded sales for this property. The 2025 assessed value is $652,771 with a market value of $693,857. This breaks down to $539,500 for the land and $154,357 for the building.
The assessed value increased 10% from $593,429 in 2024. 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. 261 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 complete ownership history of this property spans from 2020 to 2025, with 4 recorded transactions in the public record..
Current Owner
MAURICIO VARGAS
261 NE 48 TER, MIAMI, FL, 33137
Since: 2026-03-29
View owner profile →
Flood Zone
Zone X
Minimal risk
Est. Annual Insurance
$8,233 — $15,160
Flood $400 — $800
Property/Wind $7,833 — $14,360
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$67,271
Median Home Value$618,500
Pop. Density8,215/sq mi
Neighborhood 33137
28.8%
Owner-Occ
71.2%
Investor
365
Flips (4yr)
11,928
New Biz (3yr)
Distress Risk
MODERATE
32
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