488 NE 5 LN, Florida City, FL 33034

Parcel: 1679190302970 · Residential · Townhouse · Zoning: 5700

Assessed Value (2025)
$265,000

Property Details

Beds
2
Baths
2.5
Living Sqft
1,208
Year Built
2021
Lot Sqft
867
Stories
2
RESIDENTIAL - TOTAL VALUE : TOWNHOUSE

Sales History

1
$1,363,800
2020-06-30
FORESTAR USA REAL ESTATE D R HORTON INC
2
$242,400-82%
2021-03-29
D R HORTON INCERIC BENITEZ
3
$325,000+34%
2022-09-27
ERIC BENITEZMERCEDES CARBALLO
4
$325,000
2022-10-03

Tax Assessment History

$265,000
Assessed (2025)
$265,000
Market Value
$214,278
Taxable Value
$4,363
Annual Tax
2024
$285,000
2025
$265,000
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $265,000 $265,000 $214,278 $4,363
2024 $285,000 $285,000 $235,000 $4,784

About 488 NE 5 LN, Florida City, FL 33034

488 NE 5 LN, Florida City, FL 33034 is a 2-bedroom, 2.5-bathroom residential - total value : townhouse built in 2021 with 1,208 square feet of living space on a 867 square foot lot. The property is currently owned by MERCEDES CARBALLO JENNIFER CARABALLO, 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 2022-10-03 for $325,000. There are 4 recorded sales for this property. The 2025 assessed value is $265,000 with a market value of $265,000.

The assessed value decreased 7% from $285,000 in 2024. The property has the following tax exemptions: homestead. This property is located in FEMA Flood Zone AH, indicating shallow flooding areas with ponding potential.

Flood insurance is typically required. The median household income in this area is $52,152, and the median home value is $319,200. The population density is 3,563 people per square mile.

There are active mortgage liens totaling $93,857 recorded against this property. 488 NE 5 LN, Florida City, FL 33034 is located in Florida City, Florida. Property records, tax assessments, sales history, and ownership information for this Florida City property are sourced from miami_dade County public records.

The complete ownership history of this property spans from 2020 to 2022, with 4 recorded transactions in the public record. The current assessed value represents 82% of the most recent sale price. Based on the most recent sale, this property traded at $269 per square foot — a key metric for comparing value across Florida City's real estate market..

Current Owner

MERCEDES CARBALLO JENNIFER CARABALLO
488 NE 5 LN, FLORIDA CITY, FL, 33034
Since: 2026-04-19
View owner profile →

Flood Zone

Zone AH
Special Flood Hazard Area

Est. Annual Insurance

$1,990 — $3,800
Flood $400 — $800
Property/Wind $1,590 — $3,000

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$52,152
Median Home Value$319,200
Pop. Density3,563/sq mi

Neighborhood 33034

41.9%
Owner-Occ
58.1%
Investor
197
Flips (4yr)
1,770
New Biz (3yr)
Distress Risk
MODERATE
35
View full risk analysis →

Mortgages

ACTIVE
$95,217
~$93,857 bal.
SECRETARY HOUSING URBAN DEVELOPMENT · 2023-08-30
2 satisfied mortgages
SATISFIED 2022-10-03
$319,113
COLUMBUS CAPITAL LENDING LLC
SATISFIED 2021-04-06
$226,237
DHI MORTGAGE COMPANY LTD
Est. Total Balance $93,857
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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