2 months on rocket

485 NE 55th Ter, Miami, FL, 33137

$2,050,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
3 Full Baths
1,673 SqFt
$1,225/SqFt
House
Schools Nearby

Location

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485 NE 55th Ter, Miami$2,050,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway, On Street
Year Built1949
HeatingCentral, Electric
CoolingCentral Air, Electric
FireplaceDecorative
ViewGarden, Pool
MLS #A11529444
StatusActive

About 485 NE 55th Ter

Remodeled & ready pool home in the heart of guard-gated Morningside! This chic 3BD/3BA residence offers an open floor-plan w/ sun drenched interiors, impact windows & doors, updated appliances, and gleaming hardwood & porcelain floors. Attention Swimmers! Enjoy the gorgeous, fully fenced backyard with a huge pool, jacuzzi, & patio. Perfect for entertaining! Live in magical Morningside, a serene waterfront community with beautiful tree-lined streets. NO FLOOD INSURANCE REQUIRED! This neighborhood offers a 40+ acre park w/tennis & basketball courts, football field, walking trails, picnic & bbq areas, pool, boat ramps & kayak rentals. Close to top schools: Cushman & Miami Country Day. Mins to beaches, medical centers, dining & art, downtown, Wynwood, Design District & 15 mins to MIA Airport!

Property Details

Property Features

Property Information:

  • Architectural Style: Detached, One Story
  • Year Built: 1949
  • Stories: 1
  • Living Area: 1,673 SqFt

Listing Office:

  • Office Name: Compass Florida, LLC.
  • Office Phone: (305) 851-2820
  • Listing Agent: Nancy Batchelor PA

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher
  • Flooring Type: Tile, Wood
  • Interior: Bedroom on Main Level, Closet Cabinetry, Eat-in Kitchen, First Floor Entry, Fireplace, Main Level Primary
  • Fireplace: Decorative

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • View: Garden, Pool
  • Exterior: Security/High Impact Doors, Porch, Patio

Parking Information:

  • Parking: Driveway, On Street

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air, Electric

School Info

Assigned Schools Information:

  • Miami Edison Senior High School, Public Magnet Grades 9-12
  • Horace Mann Middle School, Public Magnet Grades 6-8
  • Morningside K-8 Academy, Public Magnet Grades PK-5

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,050,000
  • Price Per SqFt: $1,225/SqFt

Tax Information:

  • Annual Amount: $16,504
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Miami, FL.

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Miami, FL

City

Med. Sold Price

$540K

Med. Price/SqFt

$380

Avg. Days On Market

59

# of Sold Homes

883

485 NE 55th Ter vs Miami

78 DAYS ON ROCKET

+19 Days

$2,050,000

+$1.5M More

$1,225/SqFt

+$845 More

KEY TAKEAWAY

This property is $1.5M more than the Median Sold Price and $845/SqFt more than other homes in Miami, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11529444

Listing Office:

  • Office Name: Compass Florida, LLC.
  • Office Phone: (305) 851-2820
  • Listing Agent: Nancy Batchelor PA

IDX © 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/28/2024, 1:25:14 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$16,504$692,996
2018$16,285$694,242
2017$13,677$562,535

History based on county public records data.

Payment Calculator

$10.2K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,213

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2287000
6
/10

  • Morningside K-8 Academy

  • 6620 NE 5th Ave

  • 0.67 miles

  • Public Magnet Grades PK-5

Middle School

school-card-donut-2287001
2
/10

  • Horace Mann Middle School

  • 8950 NW 2nd Ave

  • 2.29 miles

  • Public Magnet Grades 6-8

High School

school-card-donut-2287002
2
/10

  • Miami Edison Senior High School

  • 6161 NW 5th Ct

  • 1.26 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $76,500. Most Miami, FL residents have annual incomes between $100k-200k. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 485 NE 55th Ter

What is the listing price of this property?

The listing price of 485 NE 55th Ter property is $2,050,000.

What type of property is this?

The property 485 NE 55th Ter is a house located in Miami, Florida, 33137.

Is this property for sale now?

Active Listing: 485 NE 55th Ter is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 485 NE 55th Ter are:
Morningside K-8 Academy: GreatSchools Rating 6/10
Horace Mann Middle School: GreatSchools Rating 2/10
Miami Edison Senior High School: GreatSchools Rating 2/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $16,504 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 485 NE 55th Ter has 3 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 485 NE 55th Ter is 1,673 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 485 NE 55th Ter is 1949.

Rocket Homes›Florida›Miami-Dade County›Miami›33137›485 NE 55th Ter

This home is located at 485 NE 55th Ter in Miami, FL and zip code 33137 in the Morningside / Bay Shore neighborhood. This 1,673 square foot home was built in 1949. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since February 10, 2024 and is currently priced at $2,050,000.

While more than 115 listings in Miami, FL in March 2024 were sold above asking price, there were more than 149 listings sold at asking price, and more than 619 were sold below. The number of listings in Miami, FL increased by 9.1% between February 2024 and March 2024. In March 2024 median list price was $540,091 and the average listing age was 59 days.

From Rocket Homes Real Estate and based on county public records data.

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