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Tamarac 33319
5007 Banyan Lane
$324,000
● House - Off Market

5007 Banyan Lane

Tamarac, FL 33319
bedrooms
2 Beds
bathrooms
2 Baths
square feet
2,347 Ft²
$569,220
RealtyHop Estimate
67.91%
Since Feb 1, 2017
National-US
Primary Model

About This Property

This is golf course living at an affordable price with a large open floor plan. Enjoy the spectacular golf course views from the living room, family room, kitchen and covered patio. The large converted atrium could be a third bedroom by just adding a closet. The master suite has 2 walk-in closets. The beautifully remodeled kitchen has plenty of storage, solid surface counter tops, SS refrigerator, microwave and dishwasher.  There is a large room off the laundry room that could be a gym, craft room, etc.
Unit Size
2,347 Ft²
Days on Market
84 days
Land Size
-
Price per sqft
$144
Property Type
House
Property Taxes
$373
HOA Dues
$115
Year Built
1970

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 months ago (Beaches MLS #F10038589)

Price History

Date / Event Date Event Price
Jan 30, 2017 Sold
Premium
Sold
Nov 4, 2016 Listed by First Class Realty Group, Inc $339,000
Listed by First Class Realty Group, Inc
Oct 7, 2008 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1971
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 3
  • Roof Shape Type: 6
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 2
  • Garage Type: 7
  • Garage Square Area: 325
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 36
  • Pool Type: 9

    Dimensions

  • Lot Size Square Feet: 8,715
  • Total Building Area: 3,098
  • Gross Building Area: 3,098
  • Building Area: 2,347
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 2,347
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WOODLANDS SEC SIX 67-40 B
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 01-01
  • State Land Use Code: 01
  • Legal Description 1: WOODLANDS SEC SIX 67-40 B LOT 3 BLK 42

Neighborhood

  • School District Name: Broward County School District
  • Census Tract: 060109

Zoning

  • Zoning: RE

Geography

  • Assessors Map Reference: 110
  • District: 3112
  • Parcel: 49-41-14-08-0800
  • Block: 42
  • Lot: 3
  • Meridian: SEC 14 TWN 49S RNG 41E
  • Municipality: TAMARAC
  • Latitude: 26.1871
  • Longitude: -80.2338

    Address

  • Full Address: 5007 Banyan Ln
  • Address - House Number: 5007
  • Address - Street Name: Banyan
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Tamarac
  • Carrier Code: C008
  • 4-Digit Zip Code: 3507
  • Zip Code: 33319

Valuation

    Tax

  • Total Area: 2,601
  • Tax Year: 2023
  • Tax Amount: $229,841
  • Tax Rate Code Area: 3112

    Appraisal Valuation

  • Standard Deviation: 0.2249
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 68
  • Final Value: 620,442
  • High Value: 759,999
  • Low Value: 480,885

    Market Valuation

  • Market Total Value: $421,310
  • Market Land Value: $47,930
  • Market Improvement Value: $373,380

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $112,730

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 19, 2017
  • Current Sale Recording Date: Jan 30, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 114176001
  • Previous Sale Recording Date: Oct 07, 2008
  • Previous Sale Contract Date: Sep 25, 2008
  • Previous Sale Amount: $300,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Tamarac

Stats & Trends

Median Asking:

$300,000

Sale Price/ft²

$221

Below Asking

0.03%

Average Days on Market

81

Average Home Size

1271 ft²

Average Home Age

44.1 years

Currently For Sale

695 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 5570 Nw 44th Street, Lauderhill, FL, 33319

$1,850 /mo

  • 2 Beds
  • 2 Baths
  • 1,085 ft²
5570 Nw 44th Street #509A, Lauderhill, FL, 33319 Listing by William M Donnelly
Unit for rent at 6911 Environ Boulevard, Lauderhill, FL, 33319

$1,895 /mo

  • 2 Beds
  • 2 Baths
  • 1,150 ft²
6911 Environ Boulevard #8G, Lauderhill, FL, 33319 Listing by Henrik Hesselman
Unit for rent at 3360 Spanish Moss Terrace, Lauderhill, FL, 33319

$2,200 /mo

  • 2 Beds
  • 2 Baths
  • 1,200 ft²
3360 Spanish Moss Terrace #211, Lauderhill, FL, 33319 Listing by Bianca A. Barnes

Rentals Near You

Click here to view more rentals in the neighborhood.
BEACHES

Listed by: Sara Jane Rose
First Class Realty Group, Inc
Last Updated: 3 months ago
Data Source: Beaches MLS, MLS# F10038589
All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information 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. The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.

Frequently Asked Questions

When was property at 5007 Banyan Lane built and last sold?
The property at 5007 Banyan Lane was built in 1970 and last sold on Jan 19, 2017 for $324,000.
How much is this home worth?
The estimated value of the home located at 5007 Banyan Lane is $346,784.
What are some comparable homes to 5007 Banyan Lane?
There are currently no comparable homes to 5007 Banyan Lane.
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