515 NW 116 ST, North Miami, FL 33168
Parcel: 3021360290790 · Residential - Single Family · 1 Unit · Zoning: 0100
Assessed Value (2025)
$137,978
Property Details
Beds
2
Baths
1
Living Sqft
1,308
Year Built
1948
Lot Sqft
6,420
Stories
1
RESIDENTIAL - SINGLE FAMILY : 1 UNIT
Sales History
1
$70,800
2014-10-23
WASHINGTON MUTUAL BANK → OLD WILLOW LLC
2
$165,000+133%
2015-12-11
OLD WILLOW LLC → GESINE MARGENBURG
3
$525,000+218%
2025-08-15
GESINE MARGENBURG → DANIEL TORNA
4
$525,000
2025-08-19
Tax Assessment History
$137,978
Assessed (2025)
$369,114
Market Value
$87,256
Taxable Value
$1,776
Annual Tax
2024
$134,090
$364,771
2025
$137,978
$369,114
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $137,978 | $369,114 | $87,256 | $1,776 | $269,640 | $99,474 |
| 2024 | $134,090 | $364,771 | $84,090 | $1,712 | $269,574 | $95,197 |
About 515 NW 116 ST, North Miami, FL 33168
515 NW 116 ST, North Miami, FL 33168 is a 2-bedroom, 1-bathroom residential - single family : 1 unit built in 1948 with 1,308 square feet of living space on a 6,420 square foot lot. The property is currently owned by DANIEL TORNA, 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 2025-08-19 for $525,000. There are 4 recorded sales for this property. The 2025 assessed value is $137,978 with a market value of $369,114.
This breaks down to $269,640 for the land and $99,474 for the building. The assessed value increased 3% from $134,090 in 2024. The property has the following tax exemptions: homestead.
The median household income in this area is $78,125, and the median home value is $428,900. The population density is 8,590 people per square mile. There are active mortgage liens totaling $468,549 recorded against this property.
515 NW 116 ST, 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 2014 to 2025, with 4 recorded transactions in the public record.
The current assessed value represents 26% of the most recent sale price. This low ratio may suggest the property is under-assessed relative to market value, common after recent improvements or a competitive purchase. Based on the most recent sale, this property traded at $401 per square foot — a key metric for comparing value across North Miami's real estate market..
Building Permits (2)
| Permit # | Type | Description | Status | Date | Cost |
|---|---|---|---|---|---|
| C2025171166 | building | F | $5,000 | ||
| W2025138719 | building | F | — |
Est. Annual Insurance
$2,055 — $3,835
Flood $400 — $800
Property/Wind $1,655 — $3,035
Estimate based on FEMA flood zone, property value, and year built. Actual premiums vary based on elevation, mitigation features, roof condition, and insurer. Not a quote.
Neighborhood
Median Income$78,125
Median Home Value$428,900
Pop. Density8,590/sq mi
Neighborhood 33168
71.3%
Owner-Occ
28.7%
Investor
192
Flips (4yr)
2,193
New Biz (3yr)
Distress Risk
ELEVATED
43
Mortgages
ACTIVE
$472,500
UNITED WHOLESALE MORTGAGE LLC · 2025-08-19
Est. Total Balance $468,549
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
Zoom in to see property sales