1501 NE 118 TER, North Miami Beach, FL 33161
Parcel: 3022320200730 · Multifamily 2-9 Units · 2 Living Units · Zoning: 5700
Assessed Value (2025)
$383,813
Property Details
Beds
3
Baths
2
Living Sqft
1,435
Year Built
1955
Lot Sqft
8,400
Stories
1
MULTIFAMILY 2-9 UNITS : 2 LIVING UNITS
Sales History
1
$89,000
1999-04-01
2
$135,200+52%
2015-08-20
SAINT PAUL LOUIS → JOSEF BARNES
3
$100non-market transfer
2019-11-07
JOSEF BARNES → FARGO 17 LLC
Tax Assessment History
$383,813
Assessed (2025)
$467,275
Market Value
$383,813
Taxable Value
$7,814
Annual Tax
2024
$348,921
$467,577
2025
$383,813
$467,275
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $383,813 | $467,275 | $383,813 | $7,814 | $344,400 | $122,875 |
| 2024 | $348,921 | $467,577 | $348,921 | $7,104 | $344,655 | $122,922 |
About 1501 NE 118 TER, North Miami Beach, FL 33161
1501 NE 118 TER, North Miami Beach, FL 33161 is a 3-bedroom, 2-bathroom multifamily 2-9 units : 2 living units built in 1955 with 1,435 square feet of living space on a 8,400 square foot lot. The property is currently owned by FARGO 17 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 2019-11-07 for $100, when JOSEF BARNES sold to FARGO 17 LLC. The property sold for $135,100 less than the prior sale of $135,200 on 2015-08-20. There are 3 recorded sales for this property.
The 2025 assessed value is $383,813 with a market value of $467,275. This breaks down to $344,400 for the land and $122,875 for the building. The assessed value increased 10% from $348,921 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. 1501 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 1999 to 2019, with 3 recorded transactions in the public record..
Current Owner
FARGO 17 LLC
4230 POST AVE, MIAMI BEACH, FL, 33140
Since: 2026-03-29
View owner profile →
Est. Annual Insurance
$5,005 — $9,243
Flood $400 — $800
Property/Wind $4,605 — $8,443
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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