NOT LISTED FOR SALE

1040 NW 80th Ave Unit 1048 Margate, FL 33063

Estimated Value: $153,000 - $169,000

1 Bed
2 Baths
850 Sq Ft
$241/mo HOA Fee

Last Sold June 25, 2021

Last sale price $110,000 $129 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $1,276/month

29 Days on Market

Highlights

  • Garden View
  • Community Pool
  • Billiard Room
  • Sun or Florida Room
  • Shuffleboard Court
  • Central Heating and Cooling System

About This Home

As of June 2021

ALL AGES COMMUNITY...tile flooring throughout, freshly painted, eat in Kitchen, washer & dryer, Spacious Living/Dining Area. Florida Room gives room for additional bedroom- so allow your buyer's creative instincts to build this space according to their personal taste-can easily be a 2/2. Unit appears bigger in person, so bring your qualified buyers looking to live a quiet and comfortable lifestyle. Very Easy Approval with Low Maintenance Fees making this a Great Buy. Unit cannot be rented until after 2 years of ownership.

Last Listed By

Janelle Benjamin

Inactive member License #3468810 Listed on: 04/26/2021

Inactive member

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $122

Year Built

  • Built in 1978 | Under Construction

Lot Details

  • 1,133

HOA Fees

  • $241 Monthly HOA Fees

Parking

  • Assigned Parking

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Combination Dining and Living Room
  • Sun or Florida Room
  • Garden Views
  • Washer and Dryer

Kitchen

  • Electric Range
  • Microwave

Flooring

  • Laminate
  • Concrete

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 2 Full Bathrooms

Home Security

Schools

  • Atlantic West Elementary School
  • Margate Middle School
  • Coconut Crk High School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 484126AC0160

Community Details

Overview

  • Association fees include common areas, ground maintenance, trash
  • Palm Springs 1 Subdivision

Recreation

  • Shuffleboard Court
  • Community Pool

Additional Features

  • Billiard Room
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$122

Year Built

Built in 1978 | Under Construction

Lot Details

0

HOA Fees

$241 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: ROCK ISLAND TO MARGATE BLVD W AFTER ORIOLE GOLF, RIGHT ON PALM SPRINGS LOOK FOR BUILDING 8 ON WEST SIDE UNIT 104
  • Year Built: 1978
  • Carport Y N: No
  • Property Attached Yn: Yes
  • Year Built Details: Under Construction
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: First Floor Entry, Living/Dining Room, Main Level Master
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Appliances: Dryer, Electric Range, Microwave, Refrigerator, Washer/Dryer
  • Full Bathrooms: 2
  • Total Bedrooms: 1
  • Flooring: Concrete, Laminate
  • Dining Room Type: Florida Room
  • Stories: 2

Exterior Features

  • View: Garden
  • Pool Features: Association
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Under Construction

Garage/Parking

  • Garage Yn: No
  • Parking Features: Assigned

Utilities

  • Security: Smoke Detector(s)
  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 724.0
  • Community Features: Non-Gated
  • Senior Community: No
  • Amenities: Billiard Room, Pool, Shuffleboard Court
  • Association Fee Frequency: Quarterly
  • Pets Allowed: No

Fee Information

  • Association Fee Includes: Common Areas, Maintenance Grounds, Trash

Schools

  • Elementary School: Atlantic West
  • High School: Coconut Crk High
  • Middle Or Junior School: Margate Middle

Lot Info

  • Parcel #: 484126AC0160

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 122.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2021
Closed on
Jun 16, 2021
Sold by
Coopersmith Jaime
Bought by
Montalvo Mahla
Seller's Agent
Janelle Benjamin
Inactive member
List Price
$119,900
Sold Price
$110,000
Premium/Discount to List
-$9,900
-8.26%
Total Days on Market
29
Current Estimated Value
$160,252

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,252
Avg. Annual Appreciation
10.27%
Original Mortgage
$50,000
Outstanding Balance
$45,856
Interest Rate
2.9%
Mortgage Type
Credit Line Revolving
Estimated Equity
$114,396

Purchase Details

Listed on
May 19, 2014
Closed on
Oct 16, 2014
Sold by
The Bank Of New York Mellon
Bought by
Coopersmith Jaime
Seller's Agent
DORIN FRAI
American Destiny Realty of S.F
Buyer's Agent
Monique Tellado
RE/MAX Park Creek Realty Inc
List Price
$36,900
Sold Price
$30,020
Premium/Discount to List
-$6,880
-18.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.39%

Purchase Details

Closed on
Jul 3, 2014
Sold by
Presley Lacinda and Mortgage Elctrncs Reg Sys Inc
Bought by
The Bank Of Newyork Mellon

Purchase Details

Closed on
May 13, 2014
Sold by
Presley Lacinda and Mortgage Elctrncs Reg Sys Inc
Bought by
The Bank Of New York Mellon

Purchase Details

Closed on
Oct 11, 2012
Sold by
Presley Lacinda
Bought by
Palm Springs I Condominium Association I

Purchase Details

Closed on
May 5, 2006
Sold by
Carpiniello Dana
Bought by
Presley Lacinda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,400
Interest Rate
7.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 26, 2003
Sold by
Harris Florence
Bought by
Carpiniello Dana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,600
Interest Rate
6.07%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 1, 1989
Sold by
Available Not
Bought by
Available Not

Range of Values:

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Average Value
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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
Montalvo Mahla $110,000 Cornerstone Fl Ttl & Abstrac
Coopersmith Jaime $30,100 Attorney
The Bank Of Newyork Mellon $15,100 None Available
The Bank Of New York Mellon $15,100 None Available
Palm Springs I Condominium Association I -- None Available
Presley Lacinda $128,000 Capital Abstract & Title
Carpiniello Dana $78,000 --
Available Not $27,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Montalvo Mahla $50,000
Closed Montalvo Mahla $48,900
Previous Owner Presley Lacinda $102,400
Previous Owner Presley Lacinda $25,600
Previous Owner Carpiniello Dana $96,000
Previous Owner Carpiniello Dana $75,600
Previous Owner Feliciano John $24,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2021 06/25/21 Sold $110,000 -8.3% $129 / Sq Ft
05/26/2021 05/26/21 Pending -- -- --
04/26/2021 04/26/21 For Sale $119,900 +299.4% $141 / Sq Ft
10/16/2014 10/16/14 Sold $30,020 -18.6% $27 / Sq Ft
09/16/2014 09/16/14 Pending -- -- --
05/19/2014 05/19/14 For Sale $36,900 -- $34 / 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 $1,708 $107,360 $10,740 $96,620
2024 $2,535 $107,360 $10,740 $96,620
2023 $2,535 $98,540 $0 $0
2022 $2,251 $89,590 $8,960 $80,630
2021 $432 $31,020 $0 $0
2020 $422 $30,600 $0 $0
2019 $408 $29,920 $0 $0
2018 $392 $29,370 $0 $0
2017 $380 $28,770 $0 $0
2016 $294 $28,180 $0 $0
2015 $293 $27,990 $0 $0
2014 $983 $31,640 $0 $0
2013 -- $28,770 $2,880 $25,890
Source: Public Records

Agents Affiliated with this Home

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Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10281807

BeachesMLS (Greater Fort Lauderdale)

APN: 48-41-26-AC-0160