NOT LISTED FOR SALE

5501 SW 198th Terrace Southwest Ranches, FL 33332

Estimated Value: $2,371,000 - $2,473,523

4 Beds
3.5 Baths
5,355 Sq Ft
$452/Sq Ft Est. Value

Last Sold December 15, 2020

Last sale price $1,495,000 $279 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $16,129/month

28 Days on Market

Highlights

  • 20 Feet of Waterfront
  • Horses Allowed On Property
  • Private Pool
  • Manatee Bay Elementary School Rated A
  • Newly Remodeled
  • 95,464 Sq Ft lot

About This Home

As of December 2020

***TWO STORY TROPICAL PARADISE ON PRIVATE ROAD IN SOUTHWEST RANCHES!!!***NESTLED ON 2.19 ACRES, GATED&FENCED PROPERTY,DEFINED W/A BLEND OF LUSH TROPICAL LANDSCAPING &NATURAL EXOTIC POND.HUGE PAVERED DRIVEWAY LEADS YOU TO A DOUBLE WIDE PORTE CACHERE W/FINISHED WOOD CEILINGS. MARBLE FLRS & WOOD FLRS THROUGH OUT,AS HIGH CEILINGS CERTAIN IMPRESS.TREMENDOUS 2ND FLOOR MASTER SUITE W/SITTING AREA,LOFT & MINI BAR.HIS AND HERS SEPARATE BATHRMS W/JACUZZI TUB PLUS A 500 SQFT COVR'D BALCONY. WRAP AROUND PORCHES & HUGE SCREENED LANAI'S. PLENTY OF ADDITIONAL OUTDOOR SITTING AREAS W/FULL COVERED SUMMER KITCHEN OVERLOOKING A GORGEOUS POOL W/TANNING SHELVE. GOURMET KITCHEN W/MARBLE COUNTERTOPS &STAINLESS-STEEL APPLIANCES OVERLOOKING THE BEAUTIFUL POND. SECONDARY BEDRMS ON THE 1ST FLOOR PLENTY OF YARD SPACE

Last Agent to Sell the Property

Joe Caprio

Joe Caprio & Co. Real Estate License #566559 Listed on: 10/17/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,333

Year Built

  • Built in 2001 | Newly Remodeled

Lot Details

  • 2.19 Acre Lot
  • 20 Feet of Waterfront
  • East Facing Home
  • Fenced
  • Interior Lot
  • Sprinkler System
  • Property is zoned A-1

Parking

  • 3 Car Attached Garage
  • 2 Attached Carport Spaces
  • Garage Door Opener
  • Driveway

Property Views

  • Water
  • Garden

Home Design

  • Mediterranean Architecture
  • Barrel Roof Shape

Interior Spaces

  • 5,355 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Vaulted Ceiling
  • Ceiling Fan
  • Great Room
  • Family Room
  • Sitting Room
  • Formal Dining Room
  • Sun or Florida Room

Kitchen

  • Breakfast Area or Nook
  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Roman Tub

Laundry

  • Laundry in Garage
  • Dryer
  • Washer

Home Security

  • Hurricane or Storm Shutters
  • Impact Glass
  • Fire and Smoke Detector

Pool

  • Private Pool
  • Room in yard for a pool

Outdoor Features

  • Shed
  • Wrap Around Porch

Schools

  • Manatee Bay Elementary School
  • Silver Trail Middle School
  • West Broward High School

Horse Facilities and Amenities

  • Horses Allowed On Property

Utilities

  • Cooling Available
  • Central Heating
  • Gas Water Heater
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 503935080240

Community Details

Overview

  • Southwest Ranches Subdivision

Recreation

  • Horses Allowed in Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,333

Year Built

Built in 2001 | Newly Remodeled

Lot Details

0

Parking

3

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: GRIFFIN ROAD WEST OF I-75 TO SW 198 TER. HEAD SOUTH ON SW 198 TER TO PROPERTY ON THE WEST SIDE OF STREET.
  • Year Built: 2001
  • Horses: Yes
  • Architectural Style: Mediterranean, Two Story
  • Carport Y N: Yes
  • Unit Levels: Two
  • New Construction: Yes
  • Building Stories: 2
  • Year Built Details: New Construction
  • Special Features: 4098
  • Stories: 2

Interior Features

  • Interior Amenities: Wet Bar, Bedroom on Main Level, Breakfast Area, Dining Area, Separate/Formal Dining Room, First Floor Entry, Garden Tub/Roman Tub, Kitchen/Dining Combo, Pantry, Sitting Area in Master, Upper Level Master, Vaulted Ceiling(s), Walk-In Closet(s)
  • Private Spa: No
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Gas Water Heater, Microwave, Refrigerator, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Flooring: Tile, Wood
  • Living Area: 5355.0
  • Dining Room Type: Family Room, Florida Room, Great Room, Master Bedroom, Sitting Room
  • Window Features: Impact Glass

Exterior Features

  • Exterior Features: Fence, Security/High Impact Doors, Lighting, Porch, Room For Pool, Shed, Storm/Security Shutters
  • View: Garden, Water
  • Road Frontage Type: Waterfront
  • Lot Features: 2-3 Acres, Interior Lot, Sprinklers Automatic
  • Pool Features: Pool
  • Pool Private: Yes
  • Road Frontage Type: Private Road
  • View: Yes
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block, Stucco
  • Direction Faces: East
  • Other Structures: Shed(s)
  • Patio And Porch Features: Wrap Around
  • Property Condition: New Construction
  • Roof: Barrel

Garage/Parking

  • Covered Parking Spaces: 5.0
  • Attached Garage: Yes
  • Carport Spaces: 2.0
  • Garage Spaces: 3.0
  • Garage Yn: Yes
  • Parking Features: Attached Carport, Attached, Covered, Driveway, Garage, Paver Block, Garage Door Opener

Utilities

  • Laundry Features: In Garage
  • Security: Smoke Detector(s)
  • Cooling: Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Cable Available
  • Water Source: Other

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Pets Allowed: Yes

Schools

  • Elementary School: Manatee Bay
  • High School: West Broward
  • Middle Or Junior School: Silver Trail

Lot Info

  • Parcel #: 503935080240
  • Horse Amenities: Horses Allowed
  • Lot Size Sq Ft: 95464.0
  • Zoning Description: A-1
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 17333.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 24, 2022
Sold by
Webb and Denise
Bought by
Denise Webb Living Trust
Current Estimated Value
$2,422,262

Purchase Details

Listed on
Oct 17, 2020
Closed on
Dec 15, 2020
Sold by
Epstein David and Elam Geralyn
Bought by
Webb Robert and Webb Denise
Seller's Agent
Joe Caprio
Joe Caprio & Co. Real Estate
List Price
$1,495,000
Sold Price
$1,495,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.20%
Original Mortgage
$1,020,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 17, 2017
Closed on
Sep 29, 2017
Sold by
Rodriguez Jules and Rodriguez Beverly
Bought by
Epstein David and Elam Geralyn
Seller's Agent
Elizabeth Wheeler Rodriguez
Hutchinson Island Real Estate
Buyer's Agent
Elizabeth Wheeler Rodriguez
Hutchinson Island Real Estate
List Price
$1,175,000
Sold Price
$959,000
Premium/Discount to List
-$216,000
-18.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.83%
Original Mortgage
$767,200
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 1, 1991
Sold by
Available Not
Bought by
Available Not
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Denise Webb Living Trust -- Rarick & Beskin Pa
Webb Robert $1,495,000 Attorney
Epstein David $959,000 Attorney
Available Not $7,857 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Webb Robert $1,020,000
Previous Owner Epstein David $767,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/15/2020 12/15/20 Sold $1,495,000 0.0% $279 / Sq Ft
11/15/2020 11/15/20 Pending -- -- --
10/17/2020 10/17/20 For Sale $1,495,000 +55.9% $279 / Sq Ft
09/29/2017 09/29/17 Sold $959,000 -0.6% $179 / Sq Ft View Prior Sale
09/05/2017 09/05/17 Pending -- -- --
07/28/2017 07/28/17 Price Changed $965,000 -17.9% $180 / Sq Ft
02/17/2017 02/17/17 For Sale $1,175,000 -- $219 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $40,498 $2,244,060 $381,860 $1,862,200
2024 $34,779 $2,244,060 $381,860 $1,862,200
2023 $34,779 $1,628,050 $0 $0
2022 $28,238 $1,480,050 $0 $0
2021 $24,707 $1,345,500 $286,390 $1,059,110
2020 $17,224 $951,890 $0 $0
2019 $17,333 $930,490 $0 $0
2018 $16,369 $880,000 $286,390 $593,610
2017 $13,430 $736,300 $0 $0
2016 $13,243 $721,160 $0 $0
2015 $13,373 $716,150 $0 $0
2014 $13,401 $710,470 $0 $0
2013 -- $717,310 $286,400 $430,910
Source: Public Records

Agents Affiliated with this Home

  • Joe Caprio

    Seller's Agent in 2020

    Joe Caprio

    Joe Caprio & Co. Real Estate

    (954) 434-1776

    24 in this area

    131 Total Sales

    Joe Caprio
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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10254354

BeachesMLS (Greater Fort Lauderdale)

APN: 50-39-35-08-0240

Florida Broward County Southwest Ranches 33332

5501 SW 198th Terrace, Southwest Ranches, FL

Not Listed for Sale

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