1490 NE 118 TER, North Miami Beach, FL 33161
Parcel: 3022320200360 · Multifamily 2-9 Units · 2 Living Units · Zoning: 5700
Assessed Value (2025)
$221,241
Property Details
Beds
3
Baths
2
Living Sqft
1,426
Year Built
1953
Lot Sqft
8,400
Stories
1
MULTIFAMILY 2-9 UNITS : 2 LIVING UNITS
Sales History
1
$65,500
2012-01-09
ARTURO PEREZ &W LARISSA → S & M FLA INVESTMENT INC TRS
2
N/Anon-market transfer
2012-01-09
ARTURO PEREZ &W LARISSA → AGM GROUP INC TRS
3
$100non-market transfer
2013-02-26
AGM GROUP INC TRS → AGM DEVELOPMENT III LLC
Tax Assessment History
$221,241
Assessed (2025)
$393,024
Market Value
$221,241
Taxable Value
$4,504
Annual Tax
2024
$201,129
$463,161
2025
$221,241
$393,024
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $221,241 | $393,024 | $221,241 | $4,504 | $344,400 | $48,624 |
| 2024 | $201,129 | $463,161 | $201,129 | $4,095 | $344,655 | $118,506 |
About 1490 NE 118 TER, North Miami Beach, FL 33161
1490 NE 118 TER, North Miami Beach, FL 33161 is a 3-bedroom, 2-bathroom multifamily 2-9 units : 2 living units built in 1953 with 1,426 square feet of living space on a 8,400 square foot lot. The property is currently owned by AGM DEVELOPMENT III 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 2013-02-26 for $100, when AGM GROUP INC TRS sold to AGM DEVELOPMENT III LLC. The property sold for $65,400 less than the prior sale of $65,500 on 2012-01-09. There are 3 recorded sales for this property.
The 2025 assessed value is $221,241 with a market value of $393,024. This breaks down to $344,400 for the land and $48,624 for the building. The assessed value increased 10% from $201,129 in 2024.
The median household income in this area is $75,434, and the median home value is $-666,666,666. The population density is 15,606 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. 1490 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 2012 to 2013, with 3 recorded transactions in the public record..
Building Permits (1)
| Permit # | Type | Description | Status | Date | Cost |
|---|---|---|---|---|---|
| C2006048335 | building | expired | $14,760 |
Code Violations 1 open
A2008002387 open
2008-03-12
Distress Signals
- 1 open code violation
Current Owner
AGM DEVELOPMENT III LLC
135 POST AVENUE #1J, WESTBURY, NY, 11590
Since: 2026-03-29
View owner profile →
People Behind This Entity
Est. Annual Insurance
$3,054 — $5,667
Flood $400 — $800
Property/Wind $2,654 — $4,867
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$75,434
Median Home Value$-666,666,666
Pop. Density15,606/sq mi
Neighborhood 33161
55.2%
Owner-Occ
44.8%
Investor
251
Flips (4yr)
4,232
New Biz (3yr)
Distress Risk
MODERATE
38
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