1563 NE 131 LN, North Miami, FL 33161

1563 NE 131 LN, North Miami, FL 33161 is a 4-bedroom, 2-bathroom multifamily 2-9 units : 2 living units built in 1948 with 2,306 square feet of living space on a 9,000 square foot lot. The property is currently owned by CIRO ABEL LIMACHI, 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 2011-03-25 for $85,000, when MAXIMILIANA MUNIZ sold to CIRO ABEL LIMACHI. The property sold for $145,000 less than the prior sale of $230,000 on 2005-10-01. There are 3 recorded sales for this property.

The 2025 assessed value is $416,029 with a market value of $459,798. This breaks down to $270,000 for the land and $189,798 for the building. The assessed value increased 10% from $378,209 in 2024.

The median household income in this area is $43,719, and the median home value is $291,700. The population density is 11,178 people per square mile. 1563 NE 131 LN, North Miami, FL 33161 is located in North Miami, Florida.

Property records, tax assessments, sales history, and ownership information for this North Miami property are sourced from miami_dade County public records. The complete ownership history of this property spans from 2004 to 2011, with 3 recorded transactions in the public record. The current assessed value represents 489% 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 $37 per square foot — a key metric for comparing value across North Miami's real estate market..