284 NE 118 TER, North Miami Beach, FL 33161

Parcel: 3022310370230 · Residential - Single Family · 1 Unit · Zoning: 5700

Assessed Value (2025)
$642,941

Property Details

Beds
4
Baths
2
Living Sqft
1,746
Year Built
1953
Lot Sqft
7,812
Stories
1
RESIDENTIAL - SINGLE FAMILY : 1 UNIT

Sales History

1
$490,000
2023-09-25
JEAN M ORMEFCHB FLIPS LLC TRS
2
$765,000+56%
2024-08-20
FCHB FLIPS LLC TRSKARL MICHAEL BERRIOS
3
$765,000
2024-08-23

Tax Assessment History

$642,941
Assessed (2025)
$642,941
Market Value
$592,219
Taxable Value
$12,057
Annual Tax
2024
$540,163
2025
$642,941
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $642,941 $642,941 $592,219 $12,057
2024 $540,163 $540,163 $540,163 $10,997

About 284 NE 118 TER, North Miami Beach, FL 33161

284 NE 118 TER, North Miami Beach, FL 33161 is a 4-bedroom, 2-bathroom residential - single family : 1 unit built in 1953 with 1,746 square feet of living space on a 7,812 square foot lot. The property is currently owned by KARL MICHAEL BERRIOS, 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 2024-08-23 for $765,000. There are 3 recorded sales for this property. The 2025 assessed value is $642,941 with a market value of $642,941.

This breaks down to $468,750 for the land and $174,191 for the building. The assessed value increased 19% from $540,163 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 $593,471 recorded against this property.

284 NE 118 TER, North Miami Beach, FL 33161 is located in North Miami Beach, Florida. Property records, tax assessments, sales history, and ownership information for this North Miami Beach property are sourced from miami_dade County public records. The complete ownership history of this property spans from 2023 to 2024, with 3 recorded transactions in the public record.

The current assessed value represents 84% of the most recent sale price. Based on the most recent sale, this property traded at $438 per square foot — a key metric for comparing value across North Miami Beach's real estate market..

Current Owner

KARL MICHAEL BERRIOS
284 NE 118 TER, MIAMI, FL, 33161
Since: 2026-03-29
View owner profile →

Est. Annual Insurance

$8,115 — $14,944
Flood $400 — $800
Property/Wind $7,715 — $14,144

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 33161

55.2%
Owner-Occ
44.8%
Investor
251
Flips (4yr)
4,232
New Biz (3yr)
Distress Risk
MODERATE
38
View full risk analysis →

Mortgages

ACTIVE
$605,000
~$593,471 bal.
CORNERSTONE FIRST MORTGAGE LLC · 2024-08-23
2 satisfied mortgages
SATISFIED 2024-02-26
$350,000
KIAVI FUNDING INC
SATISFIED 2023-10-06
$350,000
KIAVI FUNDING INC
Est. Total Balance $593,471
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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