1240 NW 116 TER, North Miami, FL 33167

1240 NW 116 TER, North Miami, FL 33167 is a 2-bedroom, 1-bathroom residential - single family : 1 unit built in 1949 with 1,213 square feet of living space on a 8,068 square foot lot. The property is currently owned by JUSTO B MORALES MAYELIN MARTINEZ, 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 2018-07-11 for $250,000, when FAM INVESTORS GROUP LLC sold to JUSTO B MORALES. The property has appreciated $138,000 (123%) since the prior sale of $112,000 on 2017-10-04. There are 3 recorded sales for this property.

The 2025 assessed value is $211,468 with a market value of $376,994. This breaks down to $209,791 for the land and $167,203 for the building. The assessed value increased 3% from $205,509 in 2024.

The property has the following tax exemptions: homestead. The median household income in this area is $59,426, and the median home value is $282,700. The population density is 11,031 people per square mile.

There are active mortgage liens totaling $50,320 recorded against this property. 1240 NW 116 TER, North Miami, FL 33167 is located in North Miami, Florida. Property records, tax assessments, sales history, and ownership information for this North Miami property are sourced from miami_dade County public records.

The complete ownership history of this property spans from 2017 to 2018, with 3 recorded transactions in the public record. The current assessed value represents 85% of the most recent sale price. There is 1 active building permit on this property, indicating ongoing construction or renovation work.

Based on the most recent sale, this property traded at $206 per square foot — a key metric for comparing value across North Miami's real estate market..