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505 Spinnaker

505 Spinnaker, Fort Lauderdale, FL 33326
Property in Weston
Sold Aug 06, 2012
$340,000
$310,000 by United Wholesale Mortgage Llc
Mortgage Due Jun 01, 2052
Sold Sep 07, 2005
$432,500
$316,000 by Suntrust Mortgage Inc
Mortgage Due Aug 01, 2035
505 Spinnaker in Fort Lauderdale, FL was first built in 1990 and is 34 years old. Although, the building on the property was most recently renovated and altered in 1991. This has been categorized as a residential property type. It is a single story home. There are a total of 0 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 505 Spinnaker has 1,778 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 8,979 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. The home has a gable or hip style roof made of tile. For those who need parking, there is a garage. The garage is 484 sqft. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with masonry control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of concrete block. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 505 Spinnaker sold most recently in Jul 24, 2012 for a total of $340,000. If you work out the math, that's approximately a cost of $136.66 per sqft. Before that, the property was also sold for $432,500 in Jul 21, 2005. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $7,877 in taxes each year. 505 Spinnaker was most recently assessed in 2024. During this assessment, the property's total value was estimated to be about $362,990. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1991
  • 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: Garage
  • Garage Square Area: 484
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 8,979
  • Total Building Area: 2,488
  • Gross Building Area: 2,488
  • Building Area: 1,778
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 1,778
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SECTOR 5 PARCEL 23 138-23 B
  • Land Acres: 0.206
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SECTOR 5 PARCEL 23 138-23 B LOT 5 BLK 1

Ownership

  • Current Owner : LEE JU IK
  • Current Owner 2: HAN SEO YOUNG
  • Previous Owner : SAMSON MICHEL C
  • Previous Owner 2: SAMSON RACHEL M
  • Owner Before Previous Owner: WEBSTER ROBERT L
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Broward County School District
  • Census Tract: 070311

Zoning

  • Zoning: R-2

Geography

  • Assessors Map Reference: 247I
  • District: 3312
  • Parcel: 50-40-07-10-0050
  • Block: 1
  • Lot: 5
  • Meridian: SEC 07 TWN 50S RNG 40E
  • Municipality: WESTON
  • Latitude: 26.1131
  • Longitude: -80.389

    Address

  • Full Address: 505 Spinnaker
  • Address - House Number: 505
  • Address - Street Name: Spinnaker
  • State: FL
  • City Name: Weston
  • Carrier Code: C008
  • 4-Digit Zip Code: 2944
  • Zip Code: 33326

Valuation

    Tax

  • Total Area: 2,251
  • Tax Year: 2023
  • Tax Amount: $7,877
  • Tax Rate Code Area: 3312

    Appraisal Valuation

  • Standard Deviation: 0.18
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 76
  • Final Value: 830,536
  • High Value: 980,067
  • Low Value: 681,005

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $310,000
  • First Open Lien Mortgage Lender: UNITED WHOLESALE MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: May 03, 2022
  • First Open Lien Mortgage Loan Amount: $310,000
  • 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: Jun 01, 2052

    Market Valuation

  • Market Total Value: $604,390
  • Market Land Value: $107,750
  • Market Improvement Value: $496,640

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $362,990

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 24, 2012
  • Current Sale Recording Date: Aug 06, 2012
  • Current Sale Transaction ID: 1052736249
  • Current Sale Price: $340,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 110923701
  • Previous Sale Recording Date: Sep 07, 2005
  • Previous Sale Contract Date: Jul 21, 2005
  • Previous Sale Amount: $432,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: SUNBELT LENDING SERVICES INC
  • First Mortgage Transaction Date: Aug 06, 2012
  • First Mortgage Loan Amount: $272,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2042

    Previous Mortgages

  • Previous Mortgage Lender: SUNTRUST MORTGAGE INC
  • Previous Mortgage Transaction Date: Sep 07, 2005
  • Previous Mortgage Loan Amount: $316,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Aug 01, 2035

About Weston



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Frequently Asked Questions

What neighborhood is 505 Spinnaker located in?
The 505 Spinnaker is a located in the neighborhood of Weston in Weston, Fort Lauderdale.
What is the average sales price for listings in 505 Spinnaker?
The average sales price for units in 505 Spinnaker is $0 currently.

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