1583 NE 131 LN, North Miami, FL 33161

1583 NE 131 LN, North Miami, FL 33161 is a 4-bedroom, 2-bathroom multifamily 2-9 units : 2 living units built in 1948 with 1,766 square feet of living space on a 8,925 square foot lot. The property is currently owned by KAREN M HERRERA, 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 2008-08-12 for $89,000, when PHILLIP W HALDERMAN sold to KAREN M HERRERA. The property has appreciated $31,500 (55%) since the prior sale of $57,500 on 1995-11-01. The 2025 assessed value is $346,908 with a market value of $419,473.

This breaks down to $267,750 for the land and $151,723 for the building. The assessed value increased 10% from $315,371 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. 1583 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 1995 to 2008, with 2 recorded transactions in the public record. The current assessed value represents 390% 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 $50 per square foot — a key metric for comparing value across North Miami's real estate market..