24962 SW 118 CT, Homestead, FL 33032
Parcel: 3069250161860 · Residential - Single Family · Cluster Home · Zoning: 0102
Assessed Value (2025)
$435,128
Property Details
Beds
4
Baths
3
Living Sqft
1,861
Year Built
2015
Lot Sqft
5,000
Stories
1
RESIDENTIAL - SINGLE FAMILY : CLUSTER HOME
Sales History
1
$296,000
2015-12-15
D R HORTON INC → DAVID W CASE
2
$435,000+47%
2021-08-26
DAVID W CASE → RAHAT NAWAZ SUDDLE
3
$590,000+36%
2025-04-23
RAHAT NAWAZ SUDDLE → SERGIO T PANES ALVAREZ
4
$590,000
2025-05-07
Tax Assessment History
$435,128
Assessed (2025)
$436,342
Market Value
$384,406
Taxable Value
$7,826
Annual Tax
2024
$422,865
$436,934
2025
$435,128
$436,342
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $435,128 | $436,342 | $384,406 | $7,826 | $155,000 | $281,342 |
| 2024 | $422,865 | $436,934 | $372,865 | $7,591 | $152,500 | $284,434 |
About 24962 SW 118 CT, Homestead, FL 33032
24962 SW 118 CT, Homestead, FL 33032 is a 4-bedroom, 3-bathroom residential - single family : cluster home built in 2015 with 1,861 square feet of living space on a 5,000 square foot lot. The property is currently owned by SERGIO T PANES ALVAREZ, 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 2025-05-07 for $590,000. There are 4 recorded sales for this property. The 2025 assessed value is $435,128 with a market value of $436,342.
This breaks down to $155,000 for the land and $281,342 for the building. The assessed value increased 3% from $422,865 in 2024. The property has the following tax exemptions: homestead.
The median household income in this area is $84,352, and the median home value is $415,800. The population density is 11,082 people per square mile. There are active mortgage liens totaling $519,304 recorded against this property.
24962 SW 118 CT, Homestead, FL 33032 is located in Homestead, Florida. Property records, tax assessments, sales history, and ownership information for this Homestead property are sourced from miami_dade County public records. The complete ownership history of this property spans from 2015 to 2025, with 4 recorded transactions in the public record.
The current assessed value represents 74% of the most recent sale price. Based on the most recent sale, this property traded at $317 per square foot — a key metric for comparing value across Homestead's real estate market..
Building Permits (1)
| Permit # | Type | Description | Status | Date | Cost |
|---|---|---|---|---|---|
| C2023135549 | electrical | F | — |
Current Owner
SERGIO T PANES ALVAREZ
24962 SW 118 CT, HOMESTEAD, FL, 33032
Since: 2026-03-29
View owner profile →
Est. Annual Insurance
$3,010 — $5,151
Flood $400 — $800
Property/Wind $2,610 — $4,351
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$84,352
Median Home Value$415,800
Pop. Density11,082/sq mi
Neighborhood 24962
100%
Owner-Occ
0%
Investor
0
Flips (4yr)
0
New Biz (3yr)
Distress Risk
LOW
10
Mortgages
ACTIVE
$525,100
UNITED WHOLESALE MORTGAGE · 2025-05-07
1 satisfied mortgage
SATISFIED 2021-09-03
$399,000
LOANDEPOT.COM LLC
Est. Total Balance $519,304
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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