15562 SW 111 TER, The Hammocks, FL 33196

15562 SW 111 TER, The Hammocks, FL 33196 is a 4-bedroom, 2-bathroom residential - single family : cluster home built in 1987 with 2,000 square feet of living space on a 2,417 square foot lot. The property is currently owned by PATRICIA A RICHTER, recorded as of 2026-03-29. The owner appears to be owner-occupied based on the mailing address matching the property address.

The most recent sale was on 2001-11-01 for $136,000. The property has appreciated $34,000 (33%) since the prior sale of $102,000 on 1988-01-01. The 2025 assessed value is $172,665 with a market value of $412,901.

This breaks down to $181,276 for the land and $231,625 for the building. The assessed value increased 3% from $167,799 in 2024. The property has the following tax exemptions: homestead.

The median household income in this area is $62,500, and the median home value is $339,100. The population density is 18,765 people per square mile. 15562 SW 111 TER, The Hammocks, FL 33196 is located in The Hammocks, Florida.

Property records, tax assessments, sales history, and ownership information for this The Hammocks property are sourced from miami_dade County public records. The complete ownership history of this property spans from 1988 to 2001, with 2 recorded transactions in the public record. The current assessed value represents 127% of the most recent sale price.

This high ratio could indicate the property was purchased below market value — a potential sign of a distressed sale or off-market deal. Based on the most recent sale, this property traded at $68 per square foot — a key metric for comparing value across The Hammocks's real estate market..