12440 NE 7 AVE, North Miami, FL 33161
Parcel: 0622300320160 · Store · Retail Outlet · Zoning: 6000
Assessed Value (2025)
$265,023
Property Details
Living Sqft
1,240
Year Built
1952
Lot Sqft
10,000
Stories
1
STORE : RETAIL OUTLET
Sales History
1
$177,000
1975-09-01
2
N/Anon-market transfer
1995-05-01
3
$100non-market transfer
2024-11-20
RICHARD BABEY → WILLIAM BABEY LE
Tax Assessment History
$265,023
Assessed (2025)
$710,000
Market Value
$265,023
Taxable Value
$5,396
Annual Tax
2024
$240,930
$529,283
2025
$265,023
$710,000
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $265,023 | $710,000 | $265,023 | $5,396 | $700,000 | $10,000 |
| 2024 | $240,930 | $529,283 | $240,930 | $4,905 | $460,000 | $69,283 |
About 12440 NE 7 AVE, North Miami, FL 33161
12440 NE 7 AVE, North Miami, FL 33161 is a store : retail outlet built in 1952 with 1,240 square feet of living space on a 10,000 square foot lot. The property is currently owned by WILLIAM BABEY LE REM LISA A FOTE, recorded as of 2026-04-19. The mailing address differs from the property address, suggesting this may be an investment property or rental.
The most recent sale was on 2024-11-20 for $100, when RICHARD BABEY sold to WILLIAM BABEY LE. There are 3 recorded sales for this property. The 2025 assessed value is $265,023 with a market value of $710,000.
This breaks down to $700,000 for the land and $10,000 for the building. The assessed value increased 10% from $240,930 in 2024. The median household income in this area is $47,409, and the median home value is $392,000.
The population density is 9,517 people per square mile. 12440 NE 7 AVE, 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 1975 to 2024, with 3 recorded transactions in the public record..
Current Owner
WILLIAM BABEY LE REM LISA A FOTE
2824 OAKBROOK DR, WESTON, FL, 33323
Since: 2026-04-19
View owner profile →
Est. Annual Insurance
$3,580 — $6,630
Flood $400 — $800
Property/Wind $3,180 — $5,830
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$47,409
Median Home Value$392,000
Pop. Density9,517/sq mi
Neighborhood 12440
100%
Owner-Occ
0%
Investor
2
Flips (4yr)
0
New Biz (3yr)
Distress Risk
MODERATE
30
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