715 NW 116 TER, North Miami, FL 33168

715 NW 116 TER, North Miami, FL 33168 is a 2-bedroom, 2-bathroom residential - single family : 1 unit built in 1945 with 1,465 square feet of living space on a 5,700 square foot lot. The property is currently owned by ER MANAGEMENT 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 2014-09-17 for $60,000, when FRANCISCO TORRES & sold to ER MANAGEMENT LLC. The property sold for $170,000 less than the prior sale of $230,000 on 2007-05-01. There are 3 recorded sales for this property.

The 2025 assessed value is $208,291 with a market value of $313,579. This breaks down to $171,000 for the land and $142,579 for the building. The assessed value increased 10% from $189,356 in 2024.

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 1 total code violations on record for this property, including 1 that have been resolved.

715 NW 116 TER, North Miami, FL 33168 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 2005 to 2014, with 3 recorded transactions in the public record.

The current assessed value represents 347% 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 $41 per square foot — a key metric for comparing value across North Miami's real estate market..