5045 NW 196 TER, Opa-locka, FL 33055

5045 NW 196 TER, Opa-locka, FL 33055 is a 4-bedroom, 2-bathroom residential - single family : 1 unit built in 1973 with 1,814 square feet of living space on a 9,521 square foot lot. The property is currently owned by FRANKLIN MARTINEZ, 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 2013-02-06 for $57,500, when OMAR FIGUEROA sold to FRANKLIN MARTINEZ. The property sold for $17,500 less than the prior sale of $75,000 on 2010-11-08. There are 3 recorded sales for this property.

The 2025 assessed value is $211,521 with a market value of $495,728. This breaks down to $228,504 for the land and $267,224 for the building. The assessed value increased 3% from $205,560 in 2024.

The property has the following tax exemptions: homestead. This property is located in FEMA Flood Zone AE, a Special Flood Hazard Area with a 1% annual chance of flooding (100-year floodplain). Flood insurance is typically required by lenders for properties in this zone.

The median household income in this area is $72,471, and the median home value is $331,500. The population density is 9,588 people per square mile. The complete ownership history of this property spans from 2009 to 2013, with 3 recorded transactions in the public record.

The current assessed value represents 368% 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 $32 per square foot — a key metric for comparing value across the area's real estate market..