198 TER, SW, FL 33332

Parcel: 503935080360 · 01 · Zoning:

Assessed Value (2026)
$1,638,330

Property Details

Year Built
1993
Lot Sqft
119,386

Sales History

1
$240,000
2023-12-12
2
$1,260,000+425%
2023-12-15
3
$240,000-81%
2024-01-10
4
$2,395,000+898%
2024-07-10
5
$2,395,000
2024-07-19

Tax Assessment History

$1,638,330
Assessed (2026)
$1,638,330
Market Value
$1,638,330
Taxable Value
$33,355
Annual Tax
2025
$1,221,475
$0
2026
$1,638,330
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2026 $1,638,330 $1,638,330 $1,638,330 $33,355
2025 $1,221,475 $ $568,610 $11,576

About 198 TER, SW, FL 33332

198 TER, SW, FL 33332 is a property built in 1993 on a 119,386 square foot lot. The property is currently owned by BORGES,ARACELY, recorded as of 2026-03-30. The owner appears to be owner-occupied based on the mailing address matching the property address.

The most recent sale was on 2024-07-19 for $2,395,000. There are 5 recorded sales for this property. The 2026 assessed value is $1,638,330 with a market value of $1,638,330.

This breaks down to $477,540 for the land and $1,160,790 for the building. The assessed value increased 34% from $1,221,475 in 2025. The property has the following tax exemptions: homestead.

There are active mortgage liens totaling $1,960,038 recorded against this property. 198 TER, SW, FL 33332 is located in SW, Florida. Property records, tax assessments, sales history, and ownership information for this SW property are sourced from broward County public records.

The complete ownership history of this property spans from 2023 to 2024, with 5 recorded transactions in the public record. The current assessed value represents 68% of the most recent sale price. This low ratio may suggest the property is under-assessed relative to market value, common after recent improvements or a competitive purchase..

Current Owner

BORGES,ARACELY
5941 SW 198 TER, SOUTHWEST RANCHES, FL, 33332
Since: 2026-03-30
View owner profile →

Est. Annual Insurance

$15,964 — $28,815
Flood $400 — $800
Property/Wind $15,564 — $28,015

Estimate based on FEMA flood zone, property value, and year built. Actual premiums vary based on elevation, mitigation features, roof condition, and insurer. Not a quote.

Neighborhood 33332

87.2%
Owner-Occ
12.8%
Investor
45
Flips (4yr)
1,200
New Biz (3yr)
Distress Risk
ELEVATED
51
View full risk analysis →

Mortgages

ACTIVE
$2,000,000
~$1,960,038 bal.
CITADEL SERVICING CORP · 2024-07-19
Est. Total Balance $1,960,038
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.