2003 NE 40 AVE, Homestead, FL 33033

2003 NE 40 AVE, Homestead, FL 33033 is a 4-bedroom, 2-bathroom residential - single family : cluster home built in 2003 with 1,967 square feet of living space on a 6,000 square foot lot. The property is currently owned by KENNETH TORREZ FRECIA CASTILLO, recorded as of 2026-04-19. The owner appears to be owner-occupied based on the mailing address matching the property address.

The most recent sale was on 2020-09-15 for $330,000, when MONICA ARIAS sold to KENNETH TORREZ. The property has appreciated $122,010 (59%) since the prior sale of $207,990 on 2003-11-01. The 2025 assessed value is $405,389 with a market value of $426,368.

This breaks down to $132,000 for the land and $294,368 for the building. The assessed value increased 3% from $393,965 in 2024. The property has the following tax exemptions: homestead.

The median household income in this area is $76,762, and the median home value is $354,100. The population density is 10,162 people per square mile. There are active mortgage liens totaling $25,511 recorded against this property.

2003 NE 40 AVE, Homestead, FL 33033 is located in Homestead, Florida. Property records, tax assessments, sales history, and ownership information for this Homestead property are sourced from miami_dade County public records. The complete ownership history of this property spans from 2003 to 2020, with 2 recorded transactions in the public record.

The current assessed value represents 123% 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 $168 per square foot — a key metric for comparing value across Homestead's real estate market..