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$1,850,000

Beds
3
Baths
2.5
sq ft
2,380

5631 SW 198th Ter, Southwest Ranches, FL 33332

5631 SW 198th Ter

Southwest Ranches, FL 33332

  • 364 days on market
    • Price drop $100,000↓
Discover this beautiful two-story home located in the sought-after town of Southwest Ranches. Its 2.37 acres feature lush landscapes, fruit trees, and a large detached multi-purpose storage unit. At the heart of this beautiful South Florida paradise sits a cabin-like home that offers a combination of coziness and luxury. With three bedrooms, two and a half bathrooms, an inviting kitchen, and three spacious living spaces this home can be a captivating residence or an incredible investment opportunity. The back of the home features a back patio with a stunning view of the enormous lot and abundant greenery.

Details

Property type

Single Family Residence

Est. home value

$1,109,522

Lot size

2.38 acres

Price per sq ft

$778

Year built

1987

Annual property taxes

$6,299

Price History

05/20/2024
SEF

SEF #A11481238

Price change
$1,850,000
-5.13%
03/29/2024
SEF

SEF #A11481238

Price change
$1,950,000
-7.14%
02/29/2024
SEF

SEF #A11481238

Price change
$2,100,000
-8.7%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Suntrust Bank

Loan start date

April 2008

Original loan amount

$200,000

Est. remaining balance

Not provided

Interest rate

5.34%

Loan type

Credit Line (Revolving), 30 year

Seller

Roberto Patino and Gladys Patino

Lender

Bankunited Fsb

Loan start date

February 2008

Original loan amount

$731,250

Est. remaining balance

$486,081

Interest rate

6.17%

Loan type

Not Provided, 30 year

Seller

Gladys Patino and Roberto Patino

Lender

Imperial Home Loans Inc

Loan start date

January 1997

Original loan amount

$192,000

Est. remaining balance

Not provided

Interest rate

7.52%

Loan type

New Conventional

Seller

Roberto Patino and Gladys Patino

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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5400 SW 196th Ln, Southwest Ranches, FL 33332

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SEF
$1,600,000
4 bd
|
3 ba
|
2,342 sq ft
|
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6780 SW 185th Way, Southwest Ranches, FL 33332

Status: Active

Tomo last checked: 11/08/2024 at 6:50 AM

Listing updated: 09/30/2024 at 5:39 PM

Listed by: Elizabeth Patino, Lifestyle International Realty Phone #: (305) 809-8085

MLS: SEF #A11481238

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