NOT LISTED FOR SALE

1501 NW 62nd Terrace Margate, FL 33063

Margate Gardens Neighborhood

Estimated Value: $413,168 - $495,000

3 Beds
2 Baths
1,504 Sq Ft
$307/Sq Ft Est. Value

Last Sold January 22, 2016

Last sale price $250,000 $166 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $2,950/month

34 Days on Market

Highlights

  • Deck
  • Sun or Florida Room
  • Circular Driveway
  • Wood Flooring
  • Den
  • 3-minute walk to Legacy Park

About This Home

As of January 2016

This beautiful 3/2 corner home is truly one of a kind! The kitchen is gorgeous and like with any home, it is the focal point of family style living. It has plenty of open living space throughout for enjoying family and friends. From the floors to the win dows, the colors are warm and inviting. Centrally located within minutes to all major roadways and beach. It is worth putting this one on the top of your list to show to your clients!

Last Agent to Sell the Property

Lorraine Meister

Todays Properties, LLC License #3237307 Listed on: 11/18/2015

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,771

Year Built

  • Built in 1964

Lot Details

  • Southeast Facing Home
  • Fenced

Parking

  • Circular Driveway

Home Design

  • Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,504 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Family Room
  • Florida or Dining Combination
  • Den
  • Sun or Florida Room

Kitchen

  • Breakfast Bar
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Open Patio
  • Porch

Schools

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

Utilities

  • Central Heating and Cooling System

Community Details

  • Margate 4Th Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 484125050930

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,771

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: 441 TO MARGATE BLVD - GO WEST TO WEST RIVER DRIVE - GO NORTH TO NW 15 ST - GO LEFT HOUSE IS ON CORNER OF NW 15TH ST AND NW 62 TERR
  • Year Built: 1964
  • Architectural Style: One Story
  • Carport Y N: No
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: None
  • Stories: 1

Interior Features

  • Interior Amenities: Breakfast Bar, Bedroom on Main Level, Convertible Bedroom, Family/Dining Room, First Floor Entry
  • Appliances: Dryer, Dishwasher, Disposal, Other, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Tile, Wood
  • Living Area: 1504.0
  • Dining Room Type: Den, Family Room, Florida Room

Exterior Features

  • Exterior Features: Deck, Fence, Porch
  • View: Other
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Pool Private: No
  • Waterfront: No
  • Construction Type: Block, Frame, Stucco
  • Direction Faces: Southeast
  • Patio And Porch Features: Deck, Open, Porch
  • Property Condition: Resale, Updated/Remodeled
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Yn: No
  • Parking Features: Circular Driveway

Utilities

  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Schools

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

Lot Info

  • Parcel #: 484125050930

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 3771.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 31, 2019
Sold by
Gelin Raymond and Nelson Gelin Alberta
Bought by
Ryan Michael and Ryan Nelsy
Current Estimated Value
$462,042

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$299,250
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 18, 2015
Closed on
Jan 22, 2016
Sold by
Pinzon Hector and Pinzon Grace
Bought by
Gelin Raymond and Nelson Gelin Alberta
Seller's Agent
Lorraine Meister
Todays Properties, LLC
List Price
$270,000
Sold Price
$250,000
Premium/Discount to List
-$20,000
-7.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.68%
Original Mortgage
$245,471
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Listed on
Nov 7, 2014
Closed on
Jul 13, 2015
Sold by
Fannie Mae
Bought by
Pinzon Hector and Pinzon Grace
Seller's Agent
Christine Hansen Vargas
South Florida Home Sales
Buyer's Agent
Erik Hansen
South Florida Home Sales
List Price
$124,900
Sold Price
$125,000
Premium/Discount to List
$100
0.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
269.81%

Purchase Details

Closed on
Nov 4, 2014
Sold by
Kammerdiener Ray and Kammerdiener Francis R
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Sep 11, 2000
Sold by
Farina Paul
Bought by
Kammerdiener Ray and Kammerdiener Margot

Purchase Details

Closed on
Dec 1, 1999
Sold by
Keyes Louisa N and Mcclurd Samuel R
Bought by
Farina Paul

Purchase Details

Closed on
Mar 1, 1990
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
Ryan Michael $315,000 Tlc National Title Company
Gelin Raymond $250,000 Attorney
Pinzon Hector $125,000 Attorney
Federal National Mortgage Association $131,300 None Available
Kammerdiener Ray $110,000 --
Farina Paul $97,500 --
Available Not $7,857 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ryan Michael $303,650
Previous Owner Ryan Michael $299,250
Previous Owner Gelin Raymond $245,471
Previous Owner Kammerdiener Ray $110,000
Previous Owner Kammerdiener Ray $86,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/22/2016 01/22/16 Sold $250,000 -7.4% $166 / Sq Ft
12/23/2015 12/23/15 Pending -- -- --
11/18/2015 11/18/15 For Sale $270,000 +116.0% $180 / Sq Ft
07/14/2015 07/14/15 Sold $125,000 +0.1% $72 / Sq Ft
06/14/2015 06/14/15 Pending -- -- --
11/07/2014 11/07/14 For Sale $124,900 -- $72 / 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 $5,249 $278,100 -- --
2024 $5,143 $270,270 -- --
2023 $5,143 $262,400 $0 $0
2022 $4,912 $254,760 $0 $0
2021 $4,780 $247,340 $0 $0
2020 $4,400 $230,220 $0 $0
2019 $4,321 $225,050 $0 $0
2018 $4,053 $220,860 $0 $0
2017 $4,014 $216,320 $0 $0
2016 $3,961 $171,110 $0 $0
2015 $3,772 $156,770 $0 $0
2014 $2,860 $110,360 $0 $0
2013 -- $100,330 $35,060 $65,270
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2016

    Lorraine Meister

    Todays Properties, LLC

    2 in this area

    11 Total Sales

    Lorraine Meister
    Section Image

  • C

    Seller's Agent in 2015

    Christine Hansen Vargas

    South Florida Home Sales

    (954) 609-4242

    39 Total Sales

    Christine Hansen Vargas
    Section Image

  • E

    Buyer's Agent in 2015

    Erik Hansen

    South Florida Home Sales

    (754) 273-0984

    7 Total Sales

    Erik Hansen
    Section Image
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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F1367443

BeachesMLS (Greater Fort Lauderdale)

APN: 48-41-25-05-0930

Florida Broward County Margate 33063 Margate Gardens

1501 NW 62nd Terrace, Margate, FL

This home is located at 1501 NW 62nd Terrace, Margate, FL 33063 since 18 November 2015 and is currently estimated at $462,042, approximately $307 per square foot. This property was built in 1964. 1501 NW 62nd Terrace is a home located in Broward County with nearby schools including Margate 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.

BeachesMLS (Greater Fort Lauderdale) All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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