7524 SW 188 TER, Cutler Bay, FL 33157

Parcel: 3660030343820 · Residential - Single Family · Residential · Zoning: 0100

Assessed Value (2025)
$354,112

Property Details

Beds
5
Baths
4
Living Sqft
3,982
Year Built
2005
Lot Sqft
9,650
Stories
2
RESIDENTIAL - SINGLE FAMILY : RESIDENTIAL - TOTAL VALUE

Sales History

1
$629,925
2005-10-01
2
$100non-market transfer
2022-01-11
RAFAEL R VALECILLO &W VANNA CRAFAEL R VALECILLO TRS

Tax Assessment History

$354,112
Assessed (2025)
$780,026
Market Value
$303,390
Taxable Value
$6,177
Annual Tax
2024
$344,133
$816,105
2025
$354,112
$780,026
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $354,112 $780,026 $303,390 $6,177
2024 $344,133 $816,105 $294,133 $5,988

About 7524 SW 188 TER, Cutler Bay, FL 33157

7524 SW 188 TER, Cutler Bay, FL 33157 is a 5-bedroom, 4-bathroom residential - single family : residential - total value built in 2005 with 3,982 square feet of living space on a 9,650 square foot lot. The property is currently owned by RAFAEL R VALECILLO TRS THE VALECILLO FAMILY TRUST, 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 2022-01-11 for $100, when RAFAEL R VALECILLO &W VANNA C sold to RAFAEL R VALECILLO TRS. The property sold for $629,825 less than the prior sale of $629,925 on 2005-10-01. The 2025 assessed value is $354,112 with a market value of $780,026.

This breaks down to $300,125 for the land and $479,901 for the building. The assessed value increased 3% from $344,133 in 2024. The property has the following tax exemptions: homestead.

This property is located in FEMA Flood Zone AE, a Special Flood Hazard Area with a 1% annual chance of flooding (100-year floodplain). Flood insurance is typically required by lenders for properties in this zone. The median household income in this area is $59,248, and the median home value is $344,300.

The population density is 1,820 people per square mile. There are active mortgage liens totaling $360,707 recorded against this property. 7524 SW 188 TER, Cutler Bay, FL 33157 is located in Cutler Bay, Florida.

Property records, tax assessments, sales history, and ownership information for this Cutler Bay property are sourced from miami_dade County public records. The complete ownership history of this property spans from 2005 to 2022, with 2 recorded transactions in the public record..

Current Owner

RAFAEL R VALECILLO TRS THE VALECILLO FAMILY TRUST
7524 SW 188 TER, MIAMI, FL, 33157
Since: 2026-04-19
View owner profile →

People Behind This Entity

Flood Zone

Zone AE
Special Flood Hazard Area

Est. Annual Insurance

$2,524 — $4,341
Flood $400 — $800
Property/Wind $2,124 — $3,541

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$59,248
Median Home Value$344,300
Pop. Density1,820/sq mi

Neighborhood 33157

46.3%
Owner-Occ
53.7%
Investor
161
Flips (4yr)
2,488
New Biz (3yr)
Distress Risk
MODERATE
36
View full risk analysis →

Mortgages

ACTIVE
$403,000
~$360,707 bal.
FREEDOM MORTGAGE CORP · 2021-06-09
Est. Total Balance $360,707
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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