5336 NW 198 TER, Opa-locka, FL 33055

5336 NW 198 TER, Opa-locka, FL 33055 is a 3-bedroom, 2-bathroom residential - single family : cluster home built in 1984 with 1,197 square feet of living space on a 4,361 square foot lot. The property is currently owned by ELIO ALVAREZ FRANCIS ALVAREZ, 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 2013-02-19 for $95,000, when WELLS FARGO BANK NATIONAL ASSN sold to ELIO ALVAREZ. The property has appreciated $14,900 (19%) since the prior sale of $80,100 on 2012-11-26. There are 3 recorded sales for this property.

The 2025 assessed value is $282,343 with a market value of $282,343. This breaks down to $139,698 for the land and $142,645 for the building. The assessed value increased 8% from $260,555 in 2024.

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 1991 to 2013, with 3 recorded transactions in the public record. The current assessed value represents 297% 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 $79 per square foot — a key metric for comparing value across the area's real estate market..