2040 NE 197 TER, Ives Estates, FL 33179
Parcel: 3022040250010 · Residential - Single Family · 1 Unit · Zoning: 0100
Assessed Value (2025)
$644,279
Property Details
Beds
3
Baths
2
Living Sqft
2,350
Year Built
1960
Lot Sqft
11,250
Stories
1
RESIDENTIAL - SINGLE FAMILY : 1 UNIT
Sales History
1
$55,000
1973-04-01
2
$125,000+127%
1989-10-01
3
N/Anon-market transfer
2008-12-10
JAIME A VELASQUEZ → JAIME A VELASQUEZ &W
Tax Assessment History
$644,279
Assessed (2025)
$969,114
Market Value
$644,279
Taxable Value
$13,117
Annual Tax
2024
$585,709
$893,670
2025
$644,279
$969,114
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $644,279 | $969,114 | $644,279 | $13,117 | $731,250 | $237,864 |
| 2024 | $585,709 | $893,670 | $585,709 | $11,925 | $675,000 | $218,670 |
About 2040 NE 197 TER, Ives Estates, FL 33179
2040 NE 197 TER, Ives Estates, FL 33179 is a 3-bedroom, 2-bathroom residential - single family : 1 unit built in 1960 with 2,350 square feet of living space on a 11,250 square foot lot. The property is currently owned by JAIME A VELASQUEZ &W SANDRA VELASQUEZ, recorded as of 2026-04-19. The mailing address differs from the property address, suggesting this may be an investment property or rental.
There are 3 recorded sales for this property. The 2025 assessed value is $644,279 with a market value of $969,114. This breaks down to $731,250 for the land and $237,864 for the building.
The assessed value increased 10% from $585,709 in 2024. The median household income in this area is $95,283, and the median home value is $837,700. The population density is 4,387 people per square mile.
This property currently has 1 open code violation on record with miami_dade code enforcement. Open violations can affect property value and may need to be resolved before a sale can close. 2040 NE 197 TER, Ives Estates, FL 33179 is located in Ives Estates, Florida.
Property records, tax assessments, sales history, and ownership information for this Ives Estates property are sourced from miami_dade County public records. The complete ownership history of this property spans from 1973 to 2008, with 3 recorded transactions in the public record..
Building Permits (1)
| Permit # | Type | Description | Status | Date | Cost |
|---|---|---|---|---|---|
| C2026013086 | building | F | $1,200 |
Code Violations 1 open
20200203704 open
2020-03-19
Distress Signals
- 1 open code violation
Current Owner
JAIME A VELASQUEZ &W SANDRA VELASQUEZ
4990 SW 148 AVE, SOUTHWEST RANCHES, FL, 33330
Since: 2026-04-19
View owner profile →
Est. Annual Insurance
$8,131 — $14,974
Flood $400 — $800
Property/Wind $7,731 — $14,174
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$95,283
Median Home Value$837,700
Pop. Density4,387/sq mi
Neighborhood 33179
36.8%
Owner-Occ
63.2%
Investor
249
Flips (4yr)
5,543
New Biz (3yr)
Distress Risk
ELEVATED
40
Zoom in to see property sales