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5240 Sw 116th Ave; Miami, FL Property Details

5240 Sw 116th Ave, Miami, FL is a Single Family that was built in 1956. This property is currently a cash purchase and is not for sale. Our records show that 5240 Sw 116th Ave has 2 bedrooms, and 1 bathroom, and a total of 726 square feet. The lot size of 5240 Sw 116th Ave is 7,500 square feet.

Off market
5240 SW 116th Ave Miami, FL 33165
$172,000 Listing Price
2 Beds
1 Baths
726 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 2 / Related
  • Owner Status: Related
  • Year Built: 1956
  • Purchase Price: $172,000
  • Est. Equity / %: $526,000 / 100%
  • Gross Yield: 7.469%
  • APN: 30-4019-005-3020
  • Situs County: Miami-Dade
  • Length Of Ownership: 12 years, 8 months

Rooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full Bathrooms: 1

Structure

  • Building Style: Concrete Block
  • Stories: 1
  • Building Quality: D

Measurements

  • Total: 726/SqFt
  • Lot: 7,500/SqFt
  • Gross: 786/SqFt
  • Living: 726/SqFt
  • Building: 786/SqFt
  • Ground: 726/SqFt
  • Price Per Square Foot: $236.91

Legal Description

  • Description: WESTWOOD LAKE 4TH ADD PB 65-16 LOT 7 BLK 66 LOT SIZE 75.000 X 100 OR 14734-1917 0990 1
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Dade County School District
  • Lat / Lon: 25.718012 / -80.38198
  • Subdivision: Westwood Lake 4th Add
  • Property Class: Residential
  • Zoning: 0100
  • County Use Code: 0101

Amenities

  • Plus Four: 6826

HOA

  • H O A One Type: Planned Unit Development

Ownership Info

5240 SW 116th Ave has no associated ownership info
5240 SW 116th Ave has no associated ownership info.

Taxes

5240 SW 116th Ave has 9 associated Taxes items

5240 Sw 116th Ave, Miami, FL pays taxes in Miami-Dade County, FL. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $347,758. The APN we've located for 5240 Sw 116th Ave is 30-4019-005-3020.

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Taxes
  • Assessed Value:  $347,758
  • Assessed Year:  2025
  • Assessed County:  Miami-Dade
  • APN:  30-4019-005-3020
  • Market Land Value:  315000
  • Tax Amount:  6613.06
  • Tax Year:  2024
  • Market Value:  408368
  • Market Year:  2025

Tax History

5240 SW 116th Ave has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $347,758 Land Value Improvement Value Tax Amount $7,031.72 Change Rate +0.063308% Assessed CR Tax Rate +0.02022%
Year 2024 Assessed Value $316,144 Land Value Improvement Value Tax Amount $6,613.06 Change Rate +0.137633% Assessed CR Tax Rate +0.020918%
Year 2023 Assessed Value $287,404 Land Value Improvement Value Tax Amount $5,813 Change Rate +0.136153% Assessed CR Tax Rate +0.020226%
Year 2022 Assessed Value $261,277 Land Value Improvement Value Tax Amount $5,116.39 Change Rate +0.089495% Assessed CR Tax Rate +0.019582%
Year 2021 Assessed Value $237,525 Land Value $172,500 Improvement Value $65,025 Tax Amount $4,696.11 Change Rate +0.009332% Assessed CR Tax Rate +0.019771%
Year 2020 Assessed Value $234,373 Land Value $180,000 Improvement Value $54,373 Tax Amount $4,652.69 Change Rate +0.04174% Assessed CR Tax Rate +0.019852%
Year 2019 Assessed Value $235,060 Land Value $180,000 Improvement Value $55,060 Tax Amount $4,466.27 Change Rate +0.102184% Assessed CR Tax Rate +0.019001%
Year 2018 Assessed Value $220,748 Land Value $165,000 Improvement Value $55,748 Tax Amount $4,052.2 Change Rate +0.079645% Assessed CR Tax Rate +0.018357%
Year 2017 Assessed Value $177,834 Land Value Improvement Value Tax Amount $3,753.27 Change Rate +0.07918% Assessed CR Tax Rate +0.021105%
Year 2016 Assessed Value $161,668 Land Value Improvement Value Tax Amount $3,477.89 Change Rate +0.082966% Assessed CR Tax Rate +0.021513%
Year 2015 Assessed Value $146,971 Land Value Improvement Value Tax Amount $3,211.45 Change Rate Assessed CR Tax Rate +0.021851%
Year 2014 Assessed Value $133,610 Land Value Improvement Value Tax Amount Change Rate Assessed CR Tax Rate