3131 NE 7 AVE 501, Miami, FL 33137

Parcel: 0132300950030 · Residential · Condominium - Residential · Zoning: 5000

Assessed Value (2025)
$1,052,910

Property Details

Beds
3
Baths
3.5
Living Sqft
1,634
Year Built
2018
RESIDENTIAL - TOTAL VALUE : CONDOMINIUM - RESIDENTIAL

Sales History

1
$1,181,900
2018-08-31
THIRTY FIRST ST PROPERTYONE PARAISO 501 LLC
2
$100non-market transfer
2021-08-30
ONE PARAISO 501 LLCT & W SUNSHINE LLC
3
$1,575,000
2023-04-12
T & W SUNSHINE LLCPATRICK W SCHMITT
4
$1,575,000
2023-04-20

Tax Assessment History

$1,052,910
Assessed (2025)
$1,052,910
Market Value
$1,052,910
Taxable Value
$21,436
Annual Tax
2024
$1,169,900
2025
$1,052,910
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $1,052,910 $1,052,910 $1,052,910 $21,436
2024 $1,169,900 $1,169,900 $1,169,900 $23,818

About 3131 NE 7 AVE 501, Miami, FL 33137

3131 NE 7 AVE 501, Miami, FL 33137 is a 3-bedroom, 3.5-bathroom residential - total value : condominium - residential built in 2018 with 1,634 square feet of living space. The property is currently owned by PATRICK W SCHMITT, recorded as of 2026-03-29. The owner appears to be owner-occupied based on the mailing address matching the property address.

The most recent sale was on 2023-04-20 for $1,575,000. There are 4 recorded sales for this property. The 2025 assessed value is $1,052,910 with a market value of $1,052,910.

The assessed value decreased 10% from $1,169,900 in 2024. The median household income in this area is $118,772, and the median home value is $664,400. The population density is 36,695 people per square mile.

There are active mortgage liens totaling $1,122,351 recorded against this property. 3131 NE 7 AVE 501, 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 2018 to 2023, with 4 recorded transactions in the public record. The current assessed value represents 67% 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 $964 per square foot — a key metric for comparing value across Miami's real estate market..

Current Owner

PATRICK W SCHMITT
3131 NE 7 AVE 501, MIAMI, FL, 33137
Since: 2026-03-29
View owner profile →

Est. Annual Insurance

$6,717 — $11,329
Flood $400 — $800
Property/Wind $6,317 — $10,529

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$118,772
Median Home Value$664,400
Pop. Density36,695/sq mi

Neighborhood 33137

28.8%
Owner-Occ
71.2%
Investor
365
Flips (4yr)
11,928
New Biz (3yr)
Distress Risk
MODERATE
32
View full risk analysis →

Mortgages

ACTIVE 5% rate
$1,173,750
~$1,122,351 bal.
FIRST CITIZENS BANK & TRUST CO · 2023-08-25
Est. Total Balance $1,122,351
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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