18701 SW 316 TER, Miami-Dade County, FL 33030

18701 SW 316 TER, Miami-Dade County, FL 33030 is a 2-bedroom, 1-bathroom residential - single family : 1 unit built in 1957 with 980 square feet of living space on a 7,926 square foot lot. The property is currently owned by MIGUEL J LUGO &W ELBA M SERRANO, recorded as of 2026-04-19. The owner appears to be owner-occupied based on the mailing address matching the property address.

The most recent sale was on 2002-12-01 for $70,000. The property has appreciated $7,900 (13%) since the prior sale of $62,100 on 2002-10-01. There are 3 recorded sales for this property.

The 2025 assessed value is $48,649 with a market value of $266,676. This breaks down to $177,399 for the land and $89,277 for the building. The assessed value increased 3% from $47,278 in 2024.

The property has the following tax exemptions: homestead. This property is located in FEMA Flood Zone AH, indicating shallow flooding areas with ponding potential. Flood insurance is typically required.

The median household income in this area is $55,588, and the median home value is $292,500. The population density is 5,322 people per square mile. The complete ownership history of this property spans from 1999 to 2002, with 3 recorded transactions in the public record.

The current assessed value represents 69% of the most recent sale price. This low ratio may suggest the property is under-assessed relative to market value, common after recent improvements or a competitive purchase. Based on the most recent sale, this property traded at $71 per square foot — a key metric for comparing value across the area's real estate market..