8948 SW 224 TER, Cutler Bay, FL 33190

Parcel: 3660160162210 · Residential · Townhouse · Zoning: 3002

Assessed Value (2025)
$179,621

Property Details

Beds
3
Baths
2.5
Living Sqft
1,526
Year Built
2007
Lot Sqft
1,859
Stories
2
RESIDENTIAL - TOTAL VALUE : TOWNHOUSE

Sales History

1
$287,490
2007-08-01
2
$77,800-73%
2012-02-24
JORGE L OLIVEROFEDERAL NATL MORTGAGE ASSN
3
$155,000+99%
2012-08-30
FEDERAL NATL MORTGAGE ASSNPATRICK AUGUSTINE NELLIS

Tax Assessment History

$179,621
Assessed (2025)
$353,290
Market Value
$128,899
Taxable Value
$2,624
Annual Tax
2024
$174,559
$343,000
2025
$179,621
$353,290
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $179,621 $353,290 $128,899 $2,624
2024 $174,559 $343,000 $124,559 $2,536

About 8948 SW 224 TER, Cutler Bay, FL 33190

8948 SW 224 TER, Cutler Bay, FL 33190 is a 3-bedroom, 2.5-bathroom residential - total value : townhouse built in 2007 with 1,526 square feet of living space on a 1,859 square foot lot. The property is currently owned by PATRICK AUGUSTINE NELLIS, 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 2012-08-30 for $155,000, when FEDERAL NATL MORTGAGE ASSN sold to PATRICK AUGUSTINE NELLIS. The property has appreciated $77,200 (99%) since the prior sale of $77,800 on 2012-02-24. There are 3 recorded sales for this property.

The 2025 assessed value is $179,621 with a market value of $353,290. The assessed value increased 3% from $174,559 in 2024. The property has the following tax exemptions: homestead.

The median household income in this area is $93,170, and the median home value is $340,700. The population density is 6,192 people per square mile. There are active mortgage liens totaling $141,000 recorded against this property.

8948 SW 224 TER, Cutler Bay, FL 33190 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 2007 to 2012, with 3 recorded transactions in the public record.

The current assessed value represents 116% of the most recent sale price. Based on the most recent sale, this property traded at $102 per square foot — a key metric for comparing value across Cutler Bay's real estate market..

Current Owner

PATRICK AUGUSTINE NELLIS
8948 SW 224 TERRACE, CUTLER BAY, FL, 33190
Since: 2026-04-19
View owner profile →

Est. Annual Insurance

$1,900 — $3,800
Flood $400 — $800
Property/Wind $1,500 — $3,000

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$93,170
Median Home Value$340,700
Pop. Density6,192/sq mi

Neighborhood 33190

38.5%
Owner-Occ
61.5%
Investor
29
Flips (4yr)
636
New Biz (3yr)
Distress Risk
MODERATE
37
View full risk analysis →

Mortgages

ACTIVE
$145,000
~$141,000 bal.
SPRING EQ LLC · 2023-11-17
Est. Total Balance $141,000
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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