1415 NE 118 TER, North Miami Beach, FL 33161
Parcel: 3022320200820 · Multifamily 2-9 Units · Multifamily 3 Or More Units · Zoning: 3100
Assessed Value (2025)
$590,000
Property Details
Beds
6
Baths
4
Living Sqft
3,905
Year Built
1984
Lot Sqft
7,700
Stories
1
MULTIFAMILY 2-9 UNITS : MULTIFAMILY 3 OR MORE UNITS
Sales History
1
$212,100
2013-12-19
LAURISE SAUNDERS → VICTOR BARANES
2
$100non-market transfer
2014-02-13
MICHAEL CARIGILO → VICTOR BARANES
3
$100non-market transfer
2016-12-05
VICTOR BARANES → VB 770 LLC
Tax Assessment History
$590,000
Assessed (2025)
$590,000
Market Value
$590,000
Taxable Value
$12,012
Annual Tax
2024
$545,254
$687,866
2025
$590,000
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $590,000 | $590,000 | $590,000 | $12,012 | $385,000 | $205,000 |
| 2024 | $545,254 | $687,866 | $545,254 | $11,101 | $327,250 | $360,616 |
About 1415 NE 118 TER, North Miami Beach, FL 33161
1415 NE 118 TER, North Miami Beach, FL 33161 is a 6-bedroom, 4-bathroom multifamily 2-9 units : multifamily 3 or more units built in 1984 with 3,905 square feet of living space on a 7,700 square foot lot. The property is currently owned by VB 770 LLC FARGO 613 LLC, recorded as of 2026-04-19. The mailing address differs from the property address, suggesting this may be an investment property or rental.
The most recent sale was on 2016-12-05 for $100, when VICTOR BARANES sold to VB 770 LLC. There are 3 recorded sales for this property. The 2025 assessed value is $590,000 with a market value of $590,000.
This breaks down to $385,000 for the land and $205,000 for the building. The assessed value increased 8% from $545,254 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. 1415 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 2013 to 2016, with 3 recorded transactions in the public record..
Current Owner
VB 770 LLC FARGO 613 LLC
4230 POST AVE, MIAMI BEACH, FL, 33140
Since: 2026-04-19
View owner profile →
People Behind This Entity
Est. Annual Insurance
$6,300 — $11,420
Flood $400 — $800
Property/Wind $5,900 — $10,620
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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