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5578 Southwest 112th Terrace

5578 Southwest 112th Terrace, Fort Lauderdale, FL 33330
House in Forest Lake
Sold Oct 31, 2019
$405,000
$324,000 by Wells Fargo Bank Na
Mortgage Due Nov 01, 2049
Sold Jun 01, 1988
$85,171
5578 Southwest 112th Terrace has been categorized by the local assessors in Fort Lauderdale, FL as a residential type of property. The building on the property was first built in 1988 and is 36 years old. However, we must point out that the home was most recently renovated and altered in 1989. The home has a total of 3 bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 5578 Southwest 112th Terrace has 1,740 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 9,600 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 288 sqft. According to our sources, there is one available parking space. Residents will have the luxury of enjoying a unknown. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with masonry control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The building has a gable or hip style roof made of tile. The exterior walls of the building are made of concrete block. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with central air conditioning at the moment. 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, 5578 Southwest 112th Terrace sold most recently in Oct 31, 2019 for a total of $405,000. If you work out the math, that's approximately a cost of $185.95 per sqft. Before that, the property was also sold for $85,171 in Jun 1, 1988. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $6,352 in taxes each year. 5578 Southwest 112th Terrace was most recently assessed in 2024. During this assessment, the property's total value was estimated to be about $368,280. 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. 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.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.

Building Features

Exterior

Stucco Exterior

Parking

Covered Parking

Driveway

Driveway
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1989
  • 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: 288
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 9,600
  • Total Building Area: 2,178
  • Gross Building Area: 2,178
  • Building Area: 1,740
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 1,740
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RESUBDIVISION OF TRACT E AND
  • Land Acres: 0.22
  • Standard Land Use Code: Single family residential
  • Legal Description 1: RESUBDIVISION OF TRACT E AND BLOCKS 44 THRU 58 OF FOREST LAKE 132-11 B LOT 17 BLK 6

Ownership

  • Current Owner : ARRUDA MARK E
  • Current Owner 2: ARRUDA SHARI D
  • Previous Owner : MACEDO JULIO CESAR
  • Previous Owner 2: MACEDO NELIDA S
  • Owner Before Previous Owner: AVAILABLE NOT
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Broward County School District
  • Census Tract: 070401

Zoning

  • Zoning: R-1-B

Geography

  • Assessors Map Reference: 246H
  • District: 1013H
  • Subdivision Tract Number: E
  • Parcel: 50-40-36-16-0110
  • Block: 44-58
  • Lot: 17
  • Meridian: SEC 36 TWN 50S RNG 40E
  • Municipality: COOPER CITY
  • Latitude: 26.0518
  • Longitude: -80.2979

    Address

  • Full Address: 5578 Sw 112th Ter
  • Address - House Number: 5578
  • Street Direction: SW
  • Address - Street Name: 112th
  • Address - Suffix Type: Ter
  • State: FL
  • City Name: Cooper City
  • Carrier Code: C004
  • 4-Digit Zip Code: 4538
  • Zip Code: 33330

Valuation

    Tax

  • Total Area: 1,939
  • Tax Year: 2023
  • Tax Amount: $6,352
  • Tax Rate Code Area: 1013H

    Appraisal Valuation

  • Standard Deviation: 0.1834
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 76
  • Final Value: 665,939
  • High Value: 788,103
  • Low Value: 543,775

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $324,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Oct 31, 2019
  • First Open Lien Mortgage Loan Amount: $324,000
  • 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: Nov 01, 2049

    Market Valuation

  • Market Total Value: $523,260
  • Market Land Value: $79,200
  • Market Improvement Value: $444,060

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $368,280

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 31, 2019
  • Current Sale Recording Date: Oct 31, 2019
  • Current Sale Transaction ID: 11672215152
  • Current Sale Price: $405,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 116148763
  • Previous Sale Recording Date: Jun 01, 1988
  • Previous Sale Contract Date: Jun 01, 1988
  • Previous Sale Amount: $85,171
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Oct 31, 2019
  • First Mortgage Loan Amount: $324,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2049

About Forest Lake



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at

$3,175 /mo

  • 3 Beds
  • 2.5 Baths
  • 1,519 ft²
Listing by Javier Kawas
Unit for rent at

$3,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,511 ft²
Listing by Pedro E. Lopez P.A.

Frequently Asked Questions

What neighborhood is 5578 Southwest 112th Terrace located in?
The 5578 Southwest 112th Terrace is a house located in the neighborhood of Forest Lake in Forest Lake, Fort Lauderdale.
What is the average sales price for listings in 5578 Southwest 112th Terrace?
The average sales price for units in 5578 Southwest 112th Terrace is $0 currently.

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