NOT LISTED FOR SALE

1612 E River Dr Margate, FL 33063

Margate Gardens Neighborhood

Estimated Value: $321,000 - $369,000

2 Beds
1 Bath
1,015 Sq Ft
$342/Sq Ft Est. Value

Last Sold April 18, 2023

Last sale price $250,000 $246 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $2,344/month

Highlights

  • Room in yard for a pool
  • No HOA
  • Fireplace
  • Garden View
  • Balcony
  • Porch

About This Home

As of April 2023

INVESTORS DREAM. FABULOUS NEIGHBORHOOD. As stated in the appraisal Report, this is a single family home with 1015 square feet under air per BCPA but had 3 additional areas that have been enclosed to bring it to a total of 1575 square feet under air on a 7496 square foot lot. It needs repairs and renovations to bring it back to at least the 3/2 home with a bonus room it once was. Get maximum return by the product you use to turn this property into your next airbnb, rental or sale.

Last Agent to Sell the Property

Debra Rochlin

The Agency Florida LLC License #3221557 Listed on: 03/23/2023

The Agency Florida LLC

Last Buyer's Agent

Debra Rochlin

The Agency Florida LLC License #3221557 Listed on: 03/23/2023

The Agency Florida LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,321

Year Built

  • Built in 1958

Lot Details

  • 7,498 Sq Ft Lot
  • West Facing Home

Parking

  • 9 Car Garage
  • Driveway
  • On-Street Parking

Home Design

  • Entry on the 1st floor
  • Tar and Gravel Roof

Interior Spaces

  • 1,015 Sq Ft Home
  • 1-Story Property
  • Fireplace
  • Garden Views
  • Gas Range

Flooring

  • Tile
  • Terrazzo

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Split Bedroom Floorplan
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Room in yard for a pool
  • Balcony
  • Porch

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • Water Purifier

Community Details

  • No Home Owners Association
  • Margate 3Rd Add 44 48 B Subdivision

Listing and Financial Details

  • Assessor Parcel Number 484125032050

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,321

Year Built

Built in 1958

Lot Details

0

Parking

9

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: GPS
  • Year Built: 1958
  • Architectural Style: Ranch
  • Entry Level: 1
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • DelayedMarketingYN: No
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Interior Amenities: Bedroom on Main Level, Main Level Primary, Other, Split Bedrooms
  • Main Level Bedrooms: 2
  • Appliances: Dryer, Gas Range, Oven, Water Softener, Water Heater, Water Purifier, Washer
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Entry Location: First Floor Entry,Other Interior Features,Split Be
  • Fireplace: Yes
  • Flooring: Terrazzo, Tile
  • Living Area: 1015.0
  • Stories: 1

Exterior Features

  • Exterior Features: Balcony, Room For Pool
  • View: Garden
  • Fencing: Fenced
  • Lot Features: Fruit Trees, < 1/4 Acre
  • Pool Private: No
  • View: Yes
  • Waterfront: No
  • Construction Type: Block
  • Direction Faces: West
  • Patio And Porch Features: Porch, Balcony
  • Property Condition: Resale
  • Roof: Tar/Gravel

Garage/Parking

  • Covered Parking Spaces: 9.0
  • Garage Spaces: 9.0
  • Garage Yn: Yes
  • Parking Features: Driveway, On Street

Utilities

  • Other Equipment: Other
  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Other
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Amenities: None
  • Association: No

Lot Info

  • Parcel #: 484125032050
  • Lot Size Acres: 0.17
  • Lot Size Sq Ft: 7405.2
  • Mobile Dim Units: Feet
  • Zoning: R-1

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 1321.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 30, 2024
Sold by
Uniqorn Llc
Bought by
Growth Partner Capital Llc
Current Estimated Value
$347,586

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$321,300
Outstanding Balance
$316,192
Interest Rate
7.17%
Mortgage Type
New Conventional
Estimated Equity
$31,394

Purchase Details

Listed on
Mar 23, 2023
Closed on
Apr 18, 2023
Sold by
Ardito Kelly
Bought by
Uniqorn Llc
Seller's Agent
Debra Rochlin
The Agency Florida LLC
Buyer's Agent
Debra Rochlin
The Agency Florida LLC
List Price
$250,000
Sold Price
$250,000
Views
11

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.54%
Original Mortgage
$273,600
Interest Rate
6.73%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Growth Partner Capital Llc $285,000 Supreme Title
Uniqorn Llc $254,000 Gold Coast Settlement Services
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Growth Partner Capital Llc $321,300
Previous Owner Uniqorn Llc $273,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/18/2023 04/18/23 Sold $250,000 0.0% $246 / Sq Ft
03/24/2023 03/24/23 For Sale $250,000 -- $246 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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
2026 $6,466 $284,940 $33,740 $251,200
2025 $6,012 $262,810 $33,740 $229,070
2024 $5,894 $262,810 $33,740 $229,070
2023 $5,894 $254,000 $33,740 $220,260
2022 $1,321 $89,860 $0 $0
2021 $1,277 $87,250 $0 $0
2020 $1,250 $86,050 $0 $0
2019 $1,219 $84,120 $0 $0
2018 $1,145 $82,560 $0 $0
2017 $1,122 $80,870 $0 $0
2016 -- $79,210 $0 $0
2015 -- $78,660 $0 $0
2014 $1,055 $78,040 $0 $0
2013 -- $86,860 $29,990 $56,870
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2023

    Debra Rochlin

    The Agency Florida LLC

    (305) 203-5085

    1 in this area

    17 Total Sales

    Debra Rochlin
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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10373334

BeachesMLS (Greater Fort Lauderdale)

APN: 48-41-25-03-2050

Florida Broward County Margate 33063 Margate Gardens

1612 E River Dr, Margate, FL

Not Listed for Sale

Detached

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