Price Check
How this price compares
- Asking price
- $505,000
- Price per sq ft
- $383
- Original price
- $550,000
- Days on market
- 94
This 3-bedroom single-family home in ZIP 33142 went under contract with an asking price of $505,000, or $383 per square foot. The asking price has come down 8.2% from its original $550,000. It spent 94 days on the market before going under contract.
Estimated monthly payment
$2,654 /mo
Principal and interest only, based on $101,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $505,000
- Days on Site
- 94 Days
- Bedrooms
- 3
- Total Baths
- 2
- Full Baths
- 2
- Partial Baths
- 0
- Living Area
- 1,320 sqft
- Total Sq Ft
- 1,608 sqft
- Lot Size
- 0.15 Acres
- Year Built
- 1948
- Property Type
- Single Family
- MLS #
- A12038030
- Property Tax
- $1,268 (2025)
- Subdivision
- WHEELER PLACE
- County
- Miami Dade
- Status
- Under Contract
- Special Conditions
- Listed As Is
About This Property
Renovations happening now! This corner-lot featuring a 2-bedroom, 1-bath single-family home with a detached 1-bedroom, 1-bath in-law quarters. This move-in-ready home offers tile flooring throughout, new appliances, washer and dryer, central A/C, and a brand-new roof. The detached in-law quarters features impact windows, providing comfort and peace of mind. Situated on a desirable corner lot, this property offers versatility for extended family, guests, or potential rental income. Don't miss this incredible opportunity to own a beautifully updated property. Come make this your dream home!
Virtual TourGeneral Features
- Property Type
- Single Family
- Status
- Under Contract
- Year Built
- 1948
- Number of Stories
- 1
- Levels
- One
- Garage Spaces
- 0
- Parking
- Driveway / On Street
- Direction Faces
- South
- Lot Size (Acres)
- 0.15
- Living Sq Ft
- 1,320
- Total Sq Ft
- 1,608
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- 0100
Interior Features
- Appliances
- Dryer / Electric Range / Refrigerator / Washer
- Cooling
- Central Air
- Heating
- Central
- Flooring
- Tile
- Interior Features
- Bedroom On Main Level
Exterior Features
- Construction
- Block
- Roof
- Shingle
Community & HOA
- Association Amenities
- None
- Pets Allowed
- Yes
- Financing Terms
- Cash / Conventional / FHA / Va Loan
- Restrictions
- Ok To Lease
- MLS Area
- 2310
Schools
- Elementary School
- Earlington Heights
- Middle School
- Brownsville
- High School
- Miami Northwestern
About the Community
- Homes for Sale
- 0
Frequently Asked Questions
- How do I schedule a tour of 2501 NW 55th Terrace, Miami, FL 33142?
- Use the Tour button on this listing to request a showing of 2501 NW 55th Terrace, Miami, FL 33142. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 2501 NW 55th Terrace, Miami, FL 33142 still available?
- 2501 NW 55th Terrace, Miami, FL 33142 is currently listed as Under Contract, and has been on the market 94 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 2501 NW 55th Terrace, Miami, FL 33142?
- With 20% down ($101,000) on the $505,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 2501 NW 55th Terrace, Miami, FL 33142 is about $2,654/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 2501 NW 55th Terrace, Miami, FL 33142?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 2501 NW 55th Terrace, Miami, FL 33142. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- What schools serve 2501 NW 55th Terrace, Miami, FL 33142?
- 2501 NW 55th Terrace, Miami, FL 33142 is zoned for Earlington Heights (elementary), Brownsville (middle), Miami Northwestern (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of 2501 NW 55th Terrace, Miami, FL 33142?
- Often, yes. The right offer on 2501 NW 55th Terrace, Miami, FL 33142 depends on how it's priced against comparable single family sales in Miami, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of Align Right Realty K1 Group
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated June 23, 2026.
$505,000
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Listed by Durshan Burke, Align Right Realty K1 Group
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Recent Sales
Recently sold homes in ZIP 33142
These are the last 6 recorded closings in ZIP 33142, with the price each home actually sold for rather than what it was listed at. They closed at a median of $374 per square foot. The most recent closed on October 1, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$542,700
Sold · October 1, 2026
1613-1615 NW 45th Street
0 bed · 0 bath · 1,452 sqft · $374/sqft
$6,300 under the asking price
Sold$370,000
Sold · September 29, 2026
2335 NW 55th Street
3 bed · 1 bath · 904 sqft · $409/sqft
$24,900 under the asking price
Sold$780,000
Sold · September 25, 2026
1895 NW 47th Terrace
0 bed · 0 bath · 2,300 sqft · $339/sqft
$15,000 under the asking price
Sold$540,000
Sold · September 25, 2026
2944 NW 61st Street
4 bed · 2 bath · 1,284 sqft · $421/sqft
$20,000 under the asking price
Sold$850,000
Sold · September 22, 2026
2100 NW 24th Street
0 bed · 0 bath · 2,508 sqft · $339/sqft
$45,000 under the asking price
Sold$850,000
Sold · September 22, 2026
2110 NW 24th Street
0 bed · 0 bath · 2,508 sqft · $339/sqft
$45,000 under the asking price
See every recorded sale in ZIP 33142 or find out what your ZIP 33142 home is worth.
