$210,000
SOLD AUG 22, 2018

2559 NW 62nd Terrace Margate, FL 33063

North Margate Neighborhood
3 Beds
2 Baths
1,185 Sq Ft
6,004 Sq Ft Lot

Recently Sold

$177 Per Sq Ft

14% Below List Price

24 Days on Market

Highlights

  • Newly Remodeled
  • Garden View
  • Patio
  • Private Pool
  • Hurricane or Storm Shutters
  • 4-minute walk to Winfield Park

About This Home

As of August 2018

Freshly painted exterior and new landscaping. This single family home is close to schools, hospital and shopping. A/C is under 2 years new, newer sewer line into home. Plenty of room to park cars in oversized driveway. Accordion shutters on all windows. New pool pump and timer. Fully fenced yard and back patio is covered for entertaining.

Last Agent to Sell the Property

Lisa Guinta

BlueChip Properties License #0651783 Listed on: 07/28/2018

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,950

Year Built

  • Built in 1960 | Newly Remodeled

Lot Details

  • 6,004 Sq Ft Lot
  • East Facing Home
  • Fenced
  • Paved or Partially Paved Lot

Parking

  • Driveway

Home Design

  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,185 Sq Ft Home
  • 1-Story Property
  • Awning
  • Utility Room
  • Garden Views
  • Hurricane or Storm Shutters

Kitchen

  • Electric Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Private Pool
  • Patio

Schools

  • Margate Elementary School
  • Margate Middle School
  • Coral Springs High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • North Margate 1St Add 50 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 484124021820

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,950

Year Built

Built in 1960 | Newly Remodeled

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Use Map Quest
  • Year Built: 1960
  • Architectural Style: Detached, One Story
  • Carport Y N: No
  • New Construction: Yes
  • Building Stories: 1
  • Year Built Details: New Construction
  • Special Features: 4098
  • Stories: 1

Interior Features

  • Interior Amenities: Bedroom on Main Level, First Floor Entry, Main Level Master
  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Carpet, Ceramic Tile
  • Living Area: 1185.0
  • Dining Room Type: Laundry, Utility Room

Exterior Features

  • Exterior Features: Awning(s), Fence, Patio, Storm/Security Shutters
  • View: Garden
  • Lot Features: < 1/4 Acre
  • Pool Features: In Ground, Pool
  • Pool Private: Yes
  • Road Surface Type: Paved
  • Waterfront: No
  • Construction Type: Block
  • Direction Faces: East
  • Patio And Porch Features: Patio
  • Property Condition: New Construction
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Yn: No
  • Parking Features: Driveway

Utilities

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

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Elementary School: Margate Elem
  • High School: Coral Springs
  • Middle Or Junior School: Margate Middle

Lot Info

  • Parcel #: 484124021820
  • Lot Size Sq Ft: 6004.0
  • Zoning Description: R-1
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 2950.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 15, 2021
Sold by
Cerberus Sfr Holdings Ii Lp
Bought by
Fkh Sfr Cl Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,069,055,000
Outstanding Balance
$1,893,548,956
Interest Rate
2.9%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$1,893,121,590

Purchase Details

Listed on
Jul 28, 2018
Closed on
Aug 22, 2018
Sold by
Watt Joseph N and Watt Dawn A
Bought by
Cerberus Sfr Holdings Ii L P
Seller's Agent
Lisa Guinta
BlueChip Properties
List Price
$245,000
Sold Price
$210,000
Premium/Discount to List
-$35,000
-14.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.80%

Purchase Details

Closed on
Sep 22, 1993
Sold by
Sarakinis Andrew and Sarakinis Hilde
Bought by
Watt Joseph N and Watt Dawn A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,507
Interest Rate
7.19%
Mortgage Type
FHA
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed -- None Listed On Document
Warranty Deed $210,000 Esquire Title& Escrow P A
Warranty Deed $77,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,069,055,000 Credit Line Revolving
Previous Owner $130,000 Fannie Mae Freddie Mac
Previous Owner $77,507 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2025 07/25/25 Price Changed $416,000 -1.9% $365 / Sq Ft
07/10/2025 07/10/25 Price Changed $424,000 -0.9% $372 / Sq Ft
06/27/2025 06/27/25 Price Changed $428,000 -0.9% $375 / Sq Ft
06/12/2025 06/12/25 Price Changed $432,000 -4.0% $379 / Sq Ft
05/29/2025 05/29/25 For Sale $450,000 0.0% $395 / Sq Ft
11/05/2019 11/05/19 Rented $1,915 0.0% --
11/01/2019 11/01/19 Under Contract -- -- --
10/28/2019 10/28/19 For Rent $1,915 +6.7% --
10/31/2018 10/31/18 Rented $1,795 0.0% --
10/25/2018 10/25/18 Under Contract -- -- --
10/21/2018 10/21/18 For Rent $1,795 0.0% --
08/22/2018 08/22/18 Sold $210,000 -14.3% $177 / Sq Ft
07/28/2018 07/28/18 For Sale $245,000 -- $207 / 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 $7,378 $341,420 $30,020 $311,400
2024 $6,821 $341,420 $30,020 $311,400
2023 $6,821 $289,970 $0 $0
2022 $6,040 $263,610 $30,020 $233,590
2021 $5,327 $227,480 $0 $0
2020 $4,818 $206,800 $30,020 $176,780
2019 $4,459 $201,330 $30,020 $171,310
2018 $3,303 $175,610 $30,020 $145,590
2017 $2,950 $116,780 $0 $0
2016 $2,671 $106,170 $0 $0
2015 $2,571 $96,520 $0 $0
2014 $2,331 $87,750 $0 $0
2013 -- $79,880 $24,020 $55,860
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2025

    Robert Salmons

    Entera Realty LLC

  • B

    Seller's Agent in 2019

    Beth Gluvna

    Firstkey Homes LLC

  • P

    Buyer's Agent in 2019

    Pablo Ajon

    Lapeyre Realty Inc

  • L

    Seller's Agent in 2018

    Lisa Guinta

    BlueChip Properties

  • P

    Buyer's Agent in 2018

    Phaedra Almstead

    MMLS Assoc.-Inactive Member

See All Agents

Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10134072

BeachesMLS (Greater Fort Lauderdale)

APN: 48-41-24-02-1820

Florida Broward County Margate 33063 North Margate

2559 NW 62nd Terrace, Margate, FL

This home is located at 2559 NW 62nd Terrace, Margate, FL 33063 and is currently priced at $210,000, approximately $177 per square foot. This property was built in 1960. 2559 NW 62nd Terrace is a home located in Broward County with nearby schools including Margate Elementary School, Margate Middle School, and Coral Springs 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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