Paper Rich in Miami-Dade County, FL
Long held, worth twice what was paid, owner lives elsewhere. A lot of paper equity and no one living there: the cost of holding is easier to see than the gain. Equity is a rough comparison of county value to the last sale, not an appraisal and not a mortgage balance.
Every layer has to be true
- Owned for 15 years or more
- County value is at least 2x the last sale price
- The owner's mailing address is not the property
A property is counted only when all 3 are true at once.
The Miami-Dade County stack in numbers
- Median county value
- $370,000
- Median years owned
- 24
- Owner lives elsewhere
- 100%
- Score 9 or 10
- 1%
Top ZIP codes: 33160 SUNNY ISLES BEACH (1,018), 33139 MIAMI BEACH (994), 33015 HIALEAH (883), 33186 MIAMI (868), 33140 MIAMI BEACH (798), 33012 HIALEAH (764).
Three Miami-Dade County properties in the stack
| Street and city | Score (1 to 10) | Why it may sell |
|---|---|---|
| NW 59 StMiami | 10of 10 | Owned for 15 years or moreCounty value is at least 2x the last sale priceThe owner's mailing address is not the property |
| NW 44 StMiami | 10of 10 | Owned for 15 years or moreCounty value is at least 2x the last sale priceThe owner's mailing address is not the property |
| NW 93 StMiami | 10of 10 | Owned for 15 years or moreCounty value is at least 2x the last sale priceThe owner's mailing address is not the property |
Street name and city only: house numbers, owner names and mailing addresses are in the app.
Reading this number
Owned 15 years or more, value at least 2x the last sale price, owner does not live there.
Equity is a rough comparison of county value to the last sale, not an appraisal and not a mortgage balance. Government, bank, builder and church owners are left out. Owner names, mailing addresses and house numbers are inside the app.
Other stacks
- Long Hold Estate1,475
Held 30 years or more, now in a trust or estate.
- 2 signals stacked
- Far Away Drift2
Out of state for 10 years or more and behind on tax.
- 3 signals stacked
- Empty and Owing27
Looks empty, owner lives elsewhere, tax unpaid.
- 3 signals stacked
- Equity Under Fire144
Lots of equity, with a lien, a foreclosure or 2+ years of tax owed.
- 2 signals stacked
Questions
What is the Paper Rich stack?
Owned 15 years or more, value at least 2x the last sale price, owner does not live there. It is a fixed recipe of 3 signals taken from county records; a property is in the stack only when every one is true.
How many Paper Rich properties are in Miami-Dade County, FL?
27,487 properties today. The count is refreshed every week, and government, bank, builder and church owners are left out.
Does Paper Rich mean the owner wants to sell?
No. Equity is a rough comparison of county value to the last sale, not an appraisal and not a mortgage balance. It is a way to find properties where several records point the same way: a strong reason to reach out first.
Every Miami-Dade County Paper Rich property, with the reasons.
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