5423 NW 197 LN, Opa-locka, FL 33055

5423 NW 197 LN, Opa-locka, FL 33055 is a 3-bedroom, 2-bathroom residential - single family : cluster home built in 1985 with 1,097 square feet of living space on a 4,370 square foot lot. The property is currently owned by WORLD RENT LLC, recorded as of 2026-03-29. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2013-08-02 for $67,900, when WILLIAM CRUZ sold to WORLD RENT LLC. The property has appreciated $5,000 (8%) since the prior sale of $62,900 on 1985-11-01. The 2025 assessed value is $266,596 with a market value of $266,596.

This breaks down to $139,860 for the land and $126,736 for the building. The assessed value increased 9% from $245,104 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 1985 to 2013, with 2 recorded transactions in the public record. The current assessed value represents 393% 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 $62 per square foot — a key metric for comparing value across the area's real estate market..