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5971 Northeast 5th Terrace

5971 Northeast 5th Terrace, Fort Lauderdale, FL 33334
Property in Oakland Park
Sold Oct 17, 2016
$200,000
$295,000 by Bridgelock Capital
Mortgage Due Dec 01, 2053
Sold May 31, 2011
$80,000
$77,200 by North American Savings Bank Fs
Mortgage Due Jun 01, 2041
5971 Northeast 5th 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 1962 and is 62 years old. However, we must point out that the home was most recently renovated and altered in 1984. The home has a total of 2 bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 5971 Northeast 5th Terrace has 964 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 6,000 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. Residents will have the luxury of enjoying both a unknown and 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 composition shingle. 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. The property was last sold in Oct 17, 2016 for $200,000. That's $187.27 per sqft. Prior to that sales transaction, the property was also sold in May 18, 2011 for $80,000. 5971 Northeast 5th Terrace was last assessed in 2024. The total value of the property was assessed at $348,320. Specifically, the land the property is located on was valued at $42,000. While improvements on the property were assessed at a total of $306,320. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $7,099. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1984
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 1
  • Living Units: 1
  • Floor Cover: Concrete
  • Basement Area: 0
  • Parking Type: Built-in
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,000
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,068
  • Gross Building Area: 1,068
  • Building Area: 964
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 964
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: COLLIER ESTATES 1ST ADD 43-1 B
  • Land Acres: 0.138
  • Standard Land Use Code: Single family residential
  • Legal Description 1: COLLIER ESTATES 1ST ADD 43-1 B LOT 12 BLK 7

Ownership

  • Current Owner : QUIROZ RAUL IGNACIO
  • Previous Owner : BUCK WAYNE
  • Previous Owner 2: BUCK DEBORAH D
  • Owner Before Previous Owner: GRADY DENNIS P
  • Owner Before Previous Owner 2: GRADY JAMES F
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Broward County School District
  • Census Tract: 050100

Zoning

  • Zoning: R-1B

Geography

  • District: 1712
  • Parcel: 49-42-10-03-0590
  • Block: 7
  • Lot: 12
  • Meridian: SEC 10 TWN 49S RNG 42E
  • Municipality: OAKLAND PARK
  • Latitude: 26.2015
  • Longitude: -80.1401

    Address

  • Full Address: 5971 Ne 5th Ter
  • Address - House Number: 5971
  • Street Direction: NE
  • Address - Street Name: 5th
  • Address - Suffix Type: Ter
  • State: FL
  • City Name: Fort Lauderdale
  • Carrier Code: C033
  • 4-Digit Zip Code: 1919
  • Zip Code: 33334

Valuation

    Tax

  • Total Area: 963
  • Tax Year: 2023
  • Tax Amount: $7,099
  • Tax Rate Code Area: 1712

    Appraisal Valuation

  • Standard Deviation: 0.196
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 73
  • Final Value: 427,093
  • High Value: 510,844
  • Low Value: 343,343

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $295,000
  • First Open Lien Mortgage Lender: BRIDGELOCK CAPITAL
  • First Open Lien Mortgage Recording Date: Nov 20, 2023
  • First Open Lien Mortgage Loan Amount: $295,000
  • 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: Dec 01, 2053

    Market Valuation

  • Market Total Value: $348,320
  • Market Land Value: $42,000
  • Market Improvement Value: $306,320

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $348,320
  • Assessed Land Value: $42,000
  • Assessed Improvements Value: $306,320

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 17, 2016
  • Current Sale Recording Date: Oct 17, 2016
  • Current Sale Transaction ID: 1805248161
  • Current Sale Price: $200,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 113988011
  • Previous Sale Recording Date: May 31, 2011
  • Previous Sale Contract Date: May 18, 2011
  • Previous Sale Amount: $80,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PARAMOUNT RESIDENTIAL MORTGAGE
  • First Mortgage Transaction Date: Oct 17, 2016
  • First Mortgage Loan Amount: $160,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2031

    Previous Mortgages

  • Previous Mortgage Lender: NORTH AMERICAN SAVINGS BANK FS
  • Previous Mortgage Transaction Date: May 31, 2011
  • Previous Mortgage Loan Amount: $77,200
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Jun 01, 2041

About Oakland Park



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Frequently Asked Questions

What neighborhood is 5971 Northeast 5th Terrace located in?
The 5971 Northeast 5th Terrace is a located in the neighborhood of Oakland Park in Oakland Park, Fort Lauderdale.
What is the average sales price for listings in 5971 Northeast 5th Terrace?
The average sales price for units in 5971 Northeast 5th Terrace is $0 currently.

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