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517 Isle of Palms Drive

517 Isle of Palms Drive, Fort Lauderdale, FL 33301
Property in Las Olas Isles
Sold Jun 04, 2018
$2,932,000
$2,199,000 by Wells Fargo Bank Na
Mortgage Due Jun 01, 2048
Sold Apr 18, 2005
$2,550,000
$2,400,000 by Bank Of America Na
Mortgage Due Apr 01, 2035
Local assessors in Fort Lauderdale, FL have categorized 517 Isle of Palms Drive as a residential type of property. The home was built in 2005 and is 19 years old. It was most recently renovated and altered in 2006. The property's lot size has been calculated to be 12,999 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 5 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 4 full bathrooms. There are also 5 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 517 Isle of Palms Drive has a total of 6,485 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 322 sqft. There are 3 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. In addition, there is a unknown on the property. Perfect for those who want to host pool parties over the summer. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with masonry control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a gable or hip style roof that was made of tile. Lots of concrete block were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for flooring, was the material of choice during construction. Residents rely on central air conditioning for their cooling system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 517 Isle of Palms Drive was last sold in May 31, 2018 for $2,932,000. According to our calculations, that's $344.66 per sqft. Prior to that sales transaction, the property was sold for $2,550,000 in Mar 29, 2005. Current property owners are expected to pay $64,711 in taxes per year. The property on 517 Isle of Palms Drive was last assessed in 2024. As a result of that assessment, the total value of the property was placed at $3,314,940. To break that down further, the land itself was valued at $1,169,910. While improvements to the property were assessed at a total of $2,145,030. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2006
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • 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: 2
  • Living Units: 1
  • Floor Cover: Concrete
  • Basement Area: 0
  • Parking Type: Garage
  • Garage Type: Garage
  • Garage Square Area: 322
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 12,999
  • Lot Size Frontage Feet: 1,105
  • Total Building Area: 8,507
  • Gross Building Area: 8,507
  • Building Area: 6,485
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 6,485
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: STILWELL ISLES ISLE OF PALMS
  • Land Acres: 0.298
  • Standard Land Use Code: Single family residential
  • Legal Description 1: STILWELL ISLES ISLE OF PALMS 15-34 B LOT 38 BLK 1

Ownership

  • Current Owner : DAVIS CHARLES N
  • Previous Owner : HOFFMAN RICHARD HENRY
  • Previous Owner 2: HOFFMAN JILLIANE PELLMAN
  • Owner Before Previous Owner: ISLE OF PALMS/BENCHMARK II LLC

Neighborhood

  • School District Name: Broward County School District
  • Census Tract: 042000

Zoning

  • Zoning: RS-4.4

Geography

  • District: 0312
  • Parcel: 50-42-12-15-0360
  • Block: 1
  • Lot: 38
  • Meridian: SEC 12 TWN 50S RNG 42E
  • Municipality: FORT LAUDERDALE
  • Latitude: 26.1162
  • Longitude: -80.1164

    Address

  • Full Address: 517 Isle Of Palms Dr
  • Address - House Number: 517
  • Address - Street Name: Isle Of Palms
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Fort Lauderdale
  • Carrier Code: C021
  • 4-Digit Zip Code: 2507
  • Zip Code: 33301

Valuation

    Tax

  • Total Area: 6,916
  • Tax Year: 2023
  • Tax Amount: $64,711
  • Tax Rate Code Area: 0312

    Appraisal Valuation

  • Standard Deviation: 0.3747
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 25
  • Final Value: 3,646,405
  • High Value: 5,012,901
  • Low Value: 2,279,908

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,199,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Jun 04, 2018
  • First Open Lien Mortgage Loan Amount: $2,199,000
  • 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, 2048

    Market Valuation

  • Market Total Value: $3,314,940
  • Market Land Value: $1,169,910
  • Market Improvement Value: $2,145,030

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $3,314,940
  • Assessed Land Value: $1,169,910
  • Assessed Improvements Value: $2,145,030

    Sales

  • Current Sale Contract Date: May 31, 2018
  • Current Sale Recording Date: Jun 04, 2018
  • Current Sale Transaction ID: 11467698371
  • Current Sale Price: $2,932,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 115116008
  • Previous Sale Recording Date: Apr 18, 2005
  • Previous Sale Contract Date: Mar 29, 2005
  • Previous Sale Amount: $2,550,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Jun 04, 2018
  • First Mortgage Loan Amount: $2,199,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2048

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF AMERICA NA
  • Previous Mortgage Transaction Date: Apr 18, 2005
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $2,400,000
  • 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: Apr 01, 2035

About East Fort Lauderdale



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Frequently Asked Questions

What neighborhood is 517 Isle of Palms Drive located in?
The 517 Isle of Palms Drive is a located in the neighborhood of Las Olas Isles in East Fort Lauderdale, Fort Lauderdale.
What is the average sales price for listings in 517 Isle of Palms Drive?
The average sales price for units in 517 Isle of Palms Drive is $0 currently.

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