1446 NE 118 TER, North Miami Beach, FL 33161
Parcel: 3022320200420 · Multifamily 2-9 Units · 2 Living Units · Zoning: 5700
Assessed Value (2025)
$445,870
Property Details
Beds
4
Baths
2
Living Sqft
1,548
Year Built
1958
Lot Sqft
8,400
Stories
1
MULTIFAMILY 2-9 UNITS : 2 LIVING UNITS
Sales History
1
$100non-market transfer
2011-11-18
FRANCK ISSAC &W EDITH M → FRANCK ISAAC
2
$459,900
2022-06-24
FRANCK ISAAC → ANA OROZCO
3
$459,900
2022-06-30
4
$575,000+25%
2024-04-10
ANA OROZCO → FAJELO INVESTMENTS LLC
5
$575,000
2024-05-09
Tax Assessment History
$445,870
Assessed (2025)
$445,870
Market Value
$445,870
Taxable Value
$9,078
Annual Tax
2024
$446,125
2025
$445,870
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $445,870 | $445,870 | $445,870 | $9,078 | $344,400 | $101,470 |
| 2024 | $446,125 | $446,125 | $446,125 | $9,083 | $344,655 | $101,470 |
About 1446 NE 118 TER, North Miami Beach, FL 33161
1446 NE 118 TER, North Miami Beach, FL 33161 is a 4-bedroom, 2-bathroom multifamily 2-9 units : 2 living units built in 1958 with 1,548 square feet of living space on a 8,400 square foot lot. The property is currently owned by FAJELO INVESTMENTS 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 2024-05-09 for $575,000. There are 5 recorded sales for this property. The 2025 assessed value is $445,870 with a market value of $445,870.
This breaks down to $344,400 for the land and $101,470 for the building. The assessed value decreased 0% from $446,125 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. There are active mortgage liens totaling $376,339 recorded against this property. 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. 1446 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 2011 to 2024, with 5 recorded transactions in the public record. The current assessed value represents 78% of the most recent sale price. Based on the most recent sale, this property traded at $371 per square foot — a key metric for comparing value across North Miami Beach's real estate market..
Building Permits (2)
| Permit # | Type | Description | Status | Date | Cost |
|---|---|---|---|---|---|
| W2026015730 | building | F | — | ||
| W2026000180 | building | F | — |
Code Violations 1 open
20260248493 open
2026-06-11
Distress Signals
- 1 open code violation
Current Owner
FAJELO INVESTMENTS LLC
102 NE 86 ST, EL PORTAL, FL, 33138
Since: 2026-03-29
View owner profile →
Est. Annual Insurance
$5,750 — $10,609
Flood $400 — $800
Property/Wind $5,350 — $9,809
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
Mortgages
ACTIVE
$382,415
UNITED WHOLESALE MORTGAGE LLC · 2025-03-13
2 satisfied mortgages
SATISFIED 2024-05-09
$444,187
AMERICAN HERITAGE LENDING LLC
SATISFIED 2022-06-30
$382,415
UNITED WHOLESALE MORTGAGE LLC
Est. Total Balance $376,339
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
Zoom in to see property sales