NOT LISTED FOR SALE

1490 N State Road 7 Margate, FL 33063

Buttonwood Hammocks Neighborhood

Estimated Value: $2,806,441

0.92 Acre
$3,057,458 Price per Acre
39,984 Sq Ft Lot

Last Sold March 08, 2017

Last sale price $5,250

Est. 53,356% increase in value since last sale

Current estimated payment $19,301/month

66 Days on Market

Highlights

  • 0.92 Acre Lot
  • Corner Lot
  • No HOA

About This Lot

As of March 2017

For Lease.....Freestanding Retail Strip sited on a 39,982-square foot lot centrally located in the heart of Margate's Commerce Center. 2 storefronts units available. Unit E $3,000 1,490 square feet and corner Unit F $3,500 1490 square feet. 50 Parking spaces. Totally redone building. Call for more information.

Last Agent to Sell the Property

Adela Carvajal

RE/MAX Advance Realty II License #0583891 Listed on: 02/07/2017

RE/MAX Advance Realty II

Property Details

Property Type

  • Land

Lot Details

  • 0.92 Acre Lot
  • Corner Lot
  • Property is zoned B-2

Location

  • City Lot

Community Details

  • No Home Owners Association
  • Rainbow Village 85 16 B Condos
  • Rainbow Village 85 16 B Subdivision

Listing and Financial Details

  • Assessor Parcel Number 484230040010

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Commercial Land
  • Directions: please use google maps
  • Horses: No
  • Lot Size Acres: 0.9179
  • New Construction: No
  • Road Frontage Type: Public Road
  • Subdivision Name: Rainbow Village 85-16 B
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Primary, Other Plan Use

Exterior Features

  • Lot Features: City Location, Corner Location, Corner Lot, Shopping Center, Other Lot Description
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: Rainbow Village 85-16 B

Utilities

  • Sewer: Public Sanitation
  • Water Source: Municipal Water
  • Utilities: Electricity Connected, Sewer Connected, Water Connected, Electricity Available, Sewer Available, Trash Removal, Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 484230040010
  • Current Use: Other Usage, Other Style
  • Lot Size Sq Ft: 39982
  • Zoning: B-2
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 26387

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 26, 2021
Sold by
1606 Pennsylvania Avenue Inc
Bought by
Luong Property Group Llc
Current Estimated Value
$2,806,441

Purchase Details

Closed on
Oct 21, 2013
Sold by
Ms Realty Inc
Bought by
1606 Pennsylvania Avenue Inc

Purchase Details

Closed on
May 8, 2013
Sold by
Mandel Robert
Bought by
Ms Realty Inc

Purchase Details

Closed on
Mar 5, 2008
Sold by
Mandel Rona C and Mandel Robert
Bought by
Mandel Robert and Mandel Rona C

Purchase Details

Closed on
May 29, 2002
Sold by
R & M Videos Inc
Bought by
Mandel Rona C

Purchase Details

Closed on
Oct 21, 1997
Sold by
Sumon Ray
Bought by
Video Avenue Entertainment Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,975,000
Interest Rate
7.55%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 22, 1995
Sold by
Barrasso Jean E
Bought by
Sumon Ray

Purchase Details

Closed on
Jul 1, 1984
Sold by
Available Not
Bought by
Available Not
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Luong Property Group Llc $2,050,000 None Listed On Document
1606 Pennsylvania Avenue Inc $1,150,000 Attorney
Ms Realty Inc $875,000 Attorney
Mandel Robert -- Attorney
Mandel Robert -- Attorney
Mandel Rona C $1,280,000 --
Video Avenue Entertainment Inc -- --
Sumon Ray $280,000 --
Available Not $610,714 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 1606 Pennsylvania Avenue Inc $250,000
Previous Owner Sumon Ray $3,975,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/08/2017 03/08/17 Sold $5,250 +75.0% --
03/08/2017 03/08/17 Pending -- -- --
01/01/2017 01/01/17 For Sale $3,000 -- --
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 $48,116 $2,102,600 $609,730 $1,492,870
2024 $43,509 $2,102,600 $609,730 $1,492,870
2023 $43,509 $1,843,180 $609,730 $1,233,450
2022 $42,794 $1,843,180 $609,730 $1,233,450
2021 $36,323 $1,410,500 $0 $0
2020 $30,677 $1,282,280 $609,730 $672,550
2019 $29,493 $1,219,180 $609,730 $609,450
2018 $28,302 $1,219,180 $609,730 $609,450
2017 $28,165 $1,194,690 $0 $0
2016 $26,387 $1,102,990 $0 $0
2015 $24,461 $1,002,720 $0 $0
2014 $24,111 $972,370 $0 $0
2013 -- $1,230,980 $609,730 $621,250
Source: Public Records

Agents Affiliated with this Home

  • Adela Carvajal

    Seller's Agent in 2017

    Adela Carvajal

    RE/MAX

    (305) 904-7777

    28 Total Sales

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10220890

MIAMI REALTORS® MLS

APN: 48-42-30-04-0010

Florida Broward County Margate 33063 Buttonwood Hammocks

1490 N State Road 7, Margate, FL

This home is located at 1490 N State Road 7, Margate, FL 33063 since 07 February 2017 and is currently estimated at $2,806,441. 1490 N State Road 7 is a home located in Broward County with nearby schools including Liberty 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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