NOT LISTED FOR SALE

1040 SW 61st Ave Margate, FL 33068

Fair Gate Neighborhood

Estimated Value: $427,249 - $504,000

3 Beds
2 Baths
1,025 Sq Ft
$463/Sq Ft Est. Value

Last Sold February 01, 2017

Last sale price $136,149 $133 Per Sq Ft

Est. 228% increase in value since last sale

Current estimated payment $3,050/month

7 Days on Market

Highlights

  • No HOA
  • Views
  • Central Heating and Cooling System
  • Walk-In Closet
  • 1-Story Property
  • 2-minute walk to Cypress Creek Greenway Bicycle Path

About This Home

As of February 2017

Three bedroom home in need of some TLC. Come see how your ideas fit here, see what you can accomplish. There are two full bathrooms, single level, tiled floors in most of the home and built ins. Take a look today.

Last Agent to Sell the Property

Stephen Sibiga

MMLS Assoc.-Inactive Member License #3217607 Listed on: 10/24/2016

MMLS Assoc.-Inactive Member

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,734

Year Built

  • Built in 1961

Lot Details

  • 6,502 Sq Ft Lot
  • Southwest Facing Home

Home Design

  • Shingle Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,025 Sq Ft Home
  • 1-Story Property
  • Property Views

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Southgate Fourth Add 52 4 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 494101020280

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,734

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1961
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, One Story
  • Directions: Head south on US-441 toward SW 2nd Ct/Southgate Blvd, Turn right at the 1st cross street onto Southgate Blvd, Turn left onto SW 61st Ave, Destination will be on the left.
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Structure Type: R30-No Pool/No Water, House
  • Subdivision Name: Southgate Fourth Add 52-4
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: 4116

Interior Features

  • Interior Amenities: Split Bedroom, Walk-In Closet(s), No Additional Rooms
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Other
  • Furnished: Unfurnished
  • Living Area: 1025
  • Other Equipment: No Equipment
  • Possible Use: Unknown/Withheld
  • Bedroom Features: Other
  • Living Room Features: No Additional Rooms

Exterior Features

  • Roof: Shingle
  • View: Other
  • Exterior Features: Other
  • Construction Type: CBS Construction
  • Direction Faces: Southwest
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: Southgate Fourth Add 52-4
  • Parking Features: None

Utilities

  • Sewer: Other
  • Water Source: Other
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Paved Road

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 494101020280
  • Lot Size Sq Ft: 6502
  • Zoning: R-1
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 2734

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 1, 2017
Bought by
Frais Johncy
Current Estimated Value
$447,168

Purchase Details

Listed on
Oct 24, 2016
Closed on
Jan 31, 2017
Sold by
Meridian Trust Llc
Bought by
Desiguair Plus Maintenance Llc
Seller's Agent
Stephen Sibiga
MMLS Assoc.-Inactive Member
List Price
$137,800
Sold Price
$136,149
Premium/Discount to List
-$1,651
-1.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.33%

Purchase Details

Listed on
Oct 24, 2016
Closed on
Jan 25, 2017
Sold by
The Bank Of New York Mellon
Bought by
Meridian Trust Llc
Seller's Agent
Stephen Sibiga
MMLS Assoc.-Inactive Member
List Price
$137,800
Sold Price
$136,149
Premium/Discount to List
-$1,651
-1.2%

Purchase Details

Closed on
Feb 17, 2015
Sold by
Lucas Yves
Bought by
The Bank Of New York

Purchase Details

Closed on
May 5, 2014
Sold by
Lucas Yves
Bought by
Federal National Mortgage Inc

Purchase Details

Closed on
Sep 13, 2005
Sold by
Demma Mark and Demma Cleomar
Bought by
Lucas Yves

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,980
Interest Rate
5.37%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Aug 7, 2001
Sold by
Winston Ricketts M and Florence Ricketts M
Bought by
Demma Mark

Purchase Details

Closed on
Jul 8, 1993
Sold by
Jones David A and Hitchcock Debra L
Bought by
Ricketts Winston and Ricketts Florence

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,499
Interest Rate
7.48%
Mortgage Type
FHA
Source: Public Records

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
Frais Johncy $185,500 --
Desiguair Plus Maintenance Llc $149,000 Ghiannell Title Llc
Meridian Trust Llc $136,200 Giannell Title Llc
The Bank Of New York $110,100 None Available
Federal National Mortgage Inc -- None Available
Lucas Yves $239,900 Priority Title Inc
Demma Mark $117,000 --
Ricketts Winston $75,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Frais Johncy $40,256
Previous Owner Lucas Yves $47,980
Previous Owner Lucas Yves $191,920
Previous Owner Demma Mark $5,760
Previous Owner Demma Mark $132,600
Previous Owner Ricketts Florence $88,200
Previous Owner Ricketts Winston $75,499
Closed Desiguair Plus Maintenance Llc $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2017 02/01/17 Sold $136,149 -1.2% $133 / Sq Ft
11/01/2016 11/01/16 Pending -- -- --
10/24/2016 10/24/16 For Sale $137,800 -- $134 / Sq Ft
Source: MIAMI REALTORS® MLS

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 $7,209 $315,620 -- --
2024 $6,632 $315,620 -- --
2023 $6,632 $260,120 $0 $0
2022 $5,619 $236,480 $0 $0
2021 $5,021 $214,990 $0 $0
2020 $4,570 $195,450 $26,010 $169,440
2019 $4,471 $193,690 $26,010 $167,680
2018 $3,889 $170,660 $26,010 $144,650
2017 $3,660 $147,440 $0 $0
2016 $3,151 $134,040 $0 $0
2015 $2,734 $110,900 $0 $0
2014 $2,553 $100,240 $0 $0
2013 -- $104,340 $19,510 $84,830
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2017

    Stephen Sibiga

    MMLS Assoc.-Inactive Member

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10167654

MIAMI REALTORS® MLS

APN: 49-41-01-02-0280

Florida Broward County Margate 33068 Fair Gate

1040 SW 61st Ave, Margate, FL

This home is located at 1040 SW 61st Ave, Margate, FL 33068 since 24 October 2016 and is currently estimated at $474,812, approximately $463 per square foot. This property was built in 1961. 1040 SW 61st Ave is a home located in Broward County with nearby schools including Atlantic West Elementary School, Margate Middle School, and Coconut Creek High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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