by RH Advisors

See Home Value
$550,000
House - Off Market

308 S 56th Terrace

Hollywood, FL 33023
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1576 Sqft
$3,284
Estimated Monthly
$0
HOA / Fees
6.36%
Cap Rate

About This Property

Welcome to the PEACEFUL COMMUNITY of Lawn Acres where homes are nestled among mature tree-lined streets! This PRISTINE 3bed 2bath home is FRESHLY PAINTED throughout, NEW TILE ROOF (2021) NEWER WATER HEATER and W/D. NEWLY landscaped. Just under 1600 sqft of open living space- features UPDATED KITCHEN, SS Appliances, a sizable den/Florida room leads out through an IMPACT GLASS DOOR to a covered patio. Property sits on a sizable lot with a HUGE separate shed, fully fenced yard and ample space for a pool. A BIG laundry utility room, laundry sink, TONS of cabinets, can also serve as a workshop even an art studio! Home is a great layout. You'll love all the storage! Enjoy the convenience of being close to FTL airport, hospitals, HARD ROCK Casino, shopping, dining & beaches!
Unit Size
1,576Ft²
Days on Market
98 days
Land Size
0.17 acres
Price per sqft
$352
Property Type
House
Property Taxes
$559
HOA Dues
-
Year Built
1956
Last updated: 5 months ago (Miami MLS #A11430765)

Price History

Date / Event Date Event Price
Dec 19, 2023 Sold to Johany Adelso Vargas, Orlan... $550,000
Sold to Johany Adelso Vargas, Orlan...
Nov 19, 2023 In contract -
In contract
Nov 11, 2023 Price Decreased $555,000
↓ $14K (2.5%)
Price Decreased
Oct 6, 2023 Relisted $569,500
Relisted
Oct 6, 2023 Price Decreased $569,000
↓ $500 (0.1%)
Price Decreased
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1957
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Exterior Walls Type: Concrete block
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Tile
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Concrete
  • Basement Area: 0
  • Parking Type: Built-in
  • Garage Type: Carport
  • Garage Square Area: 312
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 7,502
  • Lot Size Frontage Feet: 750
  • Total Building Area: 2,349
  • Gross Building Area: 2,349
  • Building Area: 1,576
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 1,576
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LAWN ACRES 36-3 B
  • Land Acres: 0.172
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LAWN ACRES 36-3 B LOT 9 BLK 3

Ownership

  • Current Owner : VARGAS JOHANY ADELSO
  • Current Owner 2: AVEROFF ORLANDO FRANCISCO
  • Previous Owner : CAPONE NANCY
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Broward County School District
  • Census Tract: 091701

Zoning

  • Zoning: RS-5

Geography

  • Assessors Map Reference: 260
  • District: 0513
  • Parcel: 51-41-13-23-0710
  • Block: 3
  • Lot: 9
  • Meridian: SEC 13 TWN 51S RNG 41E
  • Municipality: HOLLYWOOD
  • Latitude: 26.0079
  • Longitude: -80.2004

    Address

  • Full Address: 308 S 56th Ter
  • Address - House Number: 308
  • Street Direction: S
  • Address - Street Name: 56th
  • Address - Suffix Type: Ter
  • State: FL
  • City Name: Hollywood
  • Carrier Code: C015
  • 4-Digit Zip Code: 1413
  • Zip Code: 33023

Valuation

    Tax

  • Total Area: 1,824
  • Tax Year: 2023
  • Tax Amount: $7,782
  • Tax Rate Code Area: 0513

    Appraisal Valuation

  • Standard Deviation: 0.0835
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 93
  • Final Value: 535,478
  • High Value: 580,197
  • Low Value: 490,759

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $555,450
  • First Open Lien Mortgage Lender: UNITED WHOLESALE MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Dec 19, 2023
  • First Open Lien Mortgage Loan Amount: $529,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2054
  • Second Open Lien Mortgage Recording Date: Dec 19, 2023
  • Second Open Lien Mortgage Loan Amount: $26,450
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Due Date: Jan 01, 2054

    Market Valuation

  • Market Total Value: $383,560
  • Market Land Value: $45,010
  • Market Improvement Value: $338,550

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $383,560
  • Assessed Land Value: $45,010
  • Assessed Improvements Value: $338,550

    Sales

  • Current Sale Contract Date: Dec 07, 2023
  • Current Sale Recording Date: Dec 19, 2023
  • Current Sale Transaction ID: 11918249433
  • Current Sale Price: $550,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 119293099

    Last Sale Mortgage

  • First Mortgage Lender: UNITED WHOLESALE MORTGAGE LLC
  • First Mortgage Transaction Date: Dec 19, 2023
  • First Mortgage Loan Amount: $529,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2054
  • Second Mortgage Transaction Date: Dec 19, 2023
  • Second Mortgage Loan Amount: $26,450
  • Second Mortgage Terms: 360



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
2 Baths
1,362 ft²
$441/ft²
$600,000 Sep 19, 2023
$600,000 Dec 1, 2023
$232/mo
House
3 Beds
2 Baths
1,317 ft²
$429/ft²
$565,000 Sep 13, 2023
$565,000 Oct 30, 2023
$241/mo
House
3 Beds
2 Baths
1,825 ft²
$266/ft²
$485,000 Sep 7, 2023
$485,000 Oct 11, 2023
$224/mo
House
3 Beds
2 Baths
1,378 ft²
$450/ft²
$620,000 Aug 10, 2023
$620,000 Oct 2, 2023
$190/mo
House
3 Beds
2 Baths
1,854 ft²
$313/ft²
$580,000 Nov 1, 2023
$580,000 Dec 21, 2023
-
House
3 Beds
2 Baths
1,352 ft²
$362/ft²
$490,000 Oct 26, 2023
$490,000 Dec 15, 2023
$274/mo
House
3 Beds
2 Baths
1,651 ft²
$318/ft²
$525,000 Nov 9, 2023
-
$192/mo
House
3 Beds
2 Baths
1,795 ft²
$334/ft²
$600,000 Oct 26, 2023
-
$692/mo
House
3 Beds
2 Baths
1,703 ft²
$346/ft²
$590,000 Aug 28, 2023
-
$466/mo
House
3 Beds
2 Baths
1,364 ft²
$399/ft²
$544,000 Oct 19, 2023
-
$677/mo
House
3 Beds
2 Baths
1,430 ft²
$332/ft²
$475,000 Nov 15, 2023
-
$26/mo
House
3 Beds
2 Baths
1,082 ft²
$443/ft²
$479,000 Dec 4, 2023
-
$453/mo

About Lawn Acres


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Frequently Asked Questions

When was property at 308 South 56th Terrace built and last sold?
The property at 308 South 56th Terrace was built in 1956 and last sold on Dec 7, 2023 for $550,000.
How much is this home worth?
The estimated value of the home located at 308 South 56th Terrace is $576,298.
What are some comparable homes to 308 South 56th Terrace?
There are currently no comparable homes to 308 South 56th Terrace.

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