1240 NE 117 TER, North Miami Beach, FL 33161
Parcel: 3022320410040 · Multifamily 2-9 Units · 2 Living Units · Zoning: 5700
Assessed Value (2025)
$160,154
Property Details
Beds
4
Baths
2
Living Sqft
1,430
Year Built
1959
Lot Sqft
7,760
Stories
1
MULTIFAMILY 2-9 UNITS : 2 LIVING UNITS
Sales History
1
$99,000
2001-12-01
2
$108,600+10%
2013-11-15
IRMA HERNANDEZ → MEYER AZOULAY
3
$150,000+38%
2014-02-03
MEYER AZOULAY → NORAIDA CARBALLO
4
N/A
2023-04-11
Tax Assessment History
$160,154
Assessed (2025)
$454,510
Market Value
$109,432
Taxable Value
$2,228
Annual Tax
2024
$155,641
$455,064
2025
$160,154
$454,510
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $160,154 | $454,510 | $109,432 | $2,228 | $318,160 | $136,350 |
| 2024 | $155,641 | $455,064 | $105,641 | $2,151 | $318,463 | $136,601 |
About 1240 NE 117 TER, North Miami Beach, FL 33161
1240 NE 117 TER, North Miami Beach, FL 33161 is a 4-bedroom, 2-bathroom multifamily 2-9 units : 2 living units built in 1959 with 1,430 square feet of living space on a 7,760 square foot lot. The property is currently owned by NORAIDA CARBALLO, recorded as of 2026-03-29. The owner appears to be owner-occupied based on the mailing address matching the property address.
There are 4 recorded sales for this property. The 2025 assessed value is $160,154 with a market value of $454,510. This breaks down to $318,160 for the land and $136,350 for the building.
The assessed value increased 3% from $155,641 in 2024. The property has the following tax exemptions: homestead. The median household income in this area is $61,860, and the median home value is $401,200.
The population density is 11,605 people per square mile. 1240 NE 117 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 2001 to 2023, with 4 recorded transactions in the public record..
Building Permits (1)
| Permit # | Type | Description | Status | Date | Cost |
|---|---|---|---|---|---|
| C2025147297 | building | F | $15,000 |
Current Owner
NORAIDA CARBALLO
1240 NE 117 TER, MIAMI, FL, 33161
Since: 2026-03-29
View owner profile →
Est. Annual Insurance
$2,321 — $4,323
Flood $400 — $800
Property/Wind $1,921 — $3,523
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$61,860
Median Home Value$401,200
Pop. Density11,605/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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