See Home Value
Southwest Ranches 33332 Terrace
5501 Southwest 198 Terrace
$1,878,247*
House - Off Market

5501 Southwest 198 Terrace

Southwest Ranches, FL 33332
bedrooms
4 Beds
bathrooms
3.5 Baths
square feet
7700 Sqft
$1,058,000 - $1,292,000
Reference Base Price*
59.85%
Since Aug 1, 2017
National-US
Primary Model
Sold Dec 24, 2020
$1,495,000
$1,020,000 by First Savings Mortgage Corp
Mortgage Due Jan 01, 2051
Sold Sep 29, 2017
$959,000
$767,200 by Bank Of America Na
Mortgage Due Oct 01, 2047

About This Property

Owner builder Southwest Ranches tropical paradise on private road nestled within 2.19 acres of lush landscape.  Features wrap around porch & screened lanai. 1st flr-2 Bdrms & 1.5 Bths. 2nd Flr-10' ceiling, Master Suite features its own sitting area & mini bar, his and hers seperate bathrooms w/Jacuzzi tub & 500sf covered balcony over looking tropical landscape & beautiful sunsets.  Kitchen over looks pond has marble counter tops w/the latest appliances.  See attachment for added details.

The manager has listed the unit size as 7700 square feet.
Unit Size
7,700Ft²
Days on Market
-
Land Size
-
Price per sqft
$153
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2001

Price History

Date / Event Date Event Price
Dec 24, 2020 Sold to Denise Webb, Robert Webb $1,495,000
Sold to Denise Webb, Robert Webb
Jul 30, 2017 Listed $1,175,000
Listed

Property Highlights

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2002
  • Building Count: 2
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • 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: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Concrete
  • Basement Area: 0
  • Parking Type: Attached
  • Garage Type: Garage
  • Garage Square Area: 750
  • Parking Space Count: 4
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 95,464
  • Total Building Area: 9,296
  • Gross Building Area: 9,296
  • Building Area: 6,105
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 6,105
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 198 TERRACE PLAT 128-26 B
  • Land Acres: 2.192
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 198 TERRACE PLAT 128-26 B LOT 24

Ownership

  • Current Owner : WEBB ROBERT
  • Current Owner 2: WEBB DENISE
  • Previous Owner : EPSTEIN DAVID
  • Previous Owner 2: ELAM GERALYN
  • Owner Before Previous Owner: RODRIGUEZ JULES
  • Owner Before Previous Owner 2: RODRIGUEZ BEVERLY
  • Ownership Rights Codes: Life Tenant
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Broward County School District
  • Census Tract: 070314

Zoning

  • Zoning: A-1

Geography

  • Assessors Map Reference: 247AA
  • District: 3413
  • Parcel: 50-39-35-08-0240
  • Lot: 24
  • Meridian: SEC 35 TWN 50S RNG 39E
  • Municipality: SOUTHWEST RANCHES
  • Latitude: 26.0499
  • Longitude: -80.4133

    Address

  • Full Address: 5501 Sw 198th Ter
  • Address - House Number: 5501
  • Street Direction: SW
  • Address - Street Name: 198th
  • Address - Suffix Type: Ter
  • State: FL
  • City Name: Southwest Ranches
  • Carrier Code: C001
  • 4-Digit Zip Code: 1539
  • Zip Code: 33332

Valuation

    Tax

  • Total Area: 5,359
  • Tax Year: 2023
  • Tax Amount: $34,779
  • Tax Rate Code Area: 3413

    Appraisal Valuation

  • Standard Deviation: 0.2138
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 70
  • Final Value: 2,275,231
  • High Value: 2,761,687
  • Low Value: 1,788,776

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,020,000
  • First Open Lien Mortgage Lender: FIRST SAVINGS MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Dec 24, 2020
  • First Open Lien Mortgage Loan Amount: $1,020,000
  • 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, 2051

    Market Valuation

  • Market Total Value: $2,393,470
  • Market Land Value: $381,860
  • Market Improvement Value: $2,011,610

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,790,850

    Sales

  • Current Sale Contract Date: Dec 15, 2020
  • Current Sale Recording Date: Dec 24, 2020
  • Current Sale Transaction ID: 11809362068
  • Current Sale Price: $1,495,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 116950417
  • Previous Sale Recording Date: Sep 29, 2017
  • Previous Sale Contract Date: Sep 29, 2017
  • Previous Sale Amount: $959,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST SAVINGS MORTGAGE CORP
  • First Mortgage Transaction Date: Dec 24, 2020
  • First Mortgage Loan Amount: $1,020,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF AMERICA NA
  • Previous Mortgage Transaction Date: Sep 29, 2017
  • Previous Mortgage Loan Amount: $767,200
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Oct 01, 2047



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
3 Baths
2,460 ft²
$528/ft²
$1,300,000 Mar 13, 2023
-
$937/mo
House
3 Beds
3 Baths
2,890 ft²
$415/ft²
$1,199,000 Jul 1, 2022
-
$1,089/mo
House
8 Beds
6 Baths
6,965 ft²
$192/ft²
$1,335,000 Jun 10, 2018
-
-
House
3 Beds
2 Baths
2,044 ft²
$503/ft²
$1,029,000 Nov 13, 2022
-
$786/mo
Land
Loft
-
-
$1,299,000 Dec 26, 2022
-
$598/mo

About Terrace


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Frequently Asked Questions

When was property at 5501 Southwest 198th Terrace built and last sold?
The property at 5501 Southwest 198th Terrace was built in 2001 and last sold on Dec 15, 2020 for $1,495,000.
How much is this home worth?
The estimated value of the home located at 5501 Southwest 198th Terrace is $1,377,624.
What are some comparable homes to 5501 Southwest 198th Terrace?
There are currently no comparable homes to 5501 Southwest 198th Terrace.

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