NOT LISTED FOR SALE

406 Lakeside Dr Unit 110 Margate, FL 33063

Estimated Value: $141,239 - $176,000

3 Beds
1 Bath
630 Sq Ft
$256/Sq Ft Est. Value

Last Sold March 23, 2012

Last sale price $240,000 $381 Per Sq Ft

Est. 33% decrease in value since last sale

Current estimated payment $1,260/month

32 Days on Market

Highlights

  • Lake Front
  • Tile Flooring
  • 1-minute walk to Lemon Tree Park
  • Newly Remodeled
  • Central Heating and Cooling System

About This Home

As of March 2012

****OWNER FINANCING****This is a 5 unit condominium package at Village on the Lake, Margate. There are 3-2 bedroom 1 baths, and 2- 1 bedroom 1 bath. All units fully rented and have a total of $3,950 monthly rental income, with long term tenants. This is an excellent cash flow property. Please do NOT disturb tenants. Owner will finance with 50% down. Incredible opportunity.

Last Agent to Sell the Property

Thomas Kiss

United Realty Group Inc License #3032411 Listed on: 01/20/2012

United Realty Group Inc

Last Buyer's Agent

Rick Demato

Re/Max 1st Choice License #3150308

Re/Max 1st Choice

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $894

Year Built

  • Built in 1984 | Newly Remodeled

Lot Details

  • Lake Front

HOA Fees

  • $190 Monthly HOA Fees

Parking

  • 10 Parking Spaces

Home Design

  • Quadruplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Tile Flooring

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • 4 Units
  • Village On The Lake Condo Subdivision

Listing and Financial Details

  • Rent includes water
  • Assessor Parcel Number 484231AD0170

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$894

Year Built

Built in 1984 | Newly Remodeled

Lot Details

0

HOA Fees

$190 per month

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Quadruplex
  • Property Sub Type Additional: Quadruplex
  • Directions: ATLANTIC BLVD JUST EAST OF 441 TO LAKESIDE DRIVE, GO NORTH TO COMPLEX ON THE RIGHT
  • Year Built: 1984
  • Architectural Style: Fourplex
  • Unit Levels: One
  • New Construction: Yes
  • Building Stories: 1
  • Year Built Details: New Construction
  • Special Features: NewHome
  • Stories: 1

Interior Features

  • Flooring: Tile

Exterior Features

  • Lot Features: < 1/4 Acre
  • Pool Features: In Ground, Pool
  • Waterfront Features: Lake Front, Other
  • Waterfront: Yes
  • Disclosures: Owner Is Listing Agent
  • Construction Type: Block
  • Property Condition: New Construction
  • Roof: Composition, Shingle

Garage/Parking

  • Total Parking Spaces: 10.0

Utilities

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

Condo/Co-op/Association

  • Association Fee: 190.0
  • HOA Rent Includes: Water
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 484231AD0170
  • Zoning Description: RES

Tax Info

  • Tax Year: 2011
  • Tax Annual Amount: 894.0

Multi Family

  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 20, 2012
Closed on
Mar 23, 2012
Sold by
Kiss Thomas J
Bought by
Wayark Properties Llc
Seller's Agent
Thomas Kiss
United Realty Group Inc
Buyer's Agent
Rick Demato
Re/Max 1st Choice
List Price
$249,900
Sold Price
$240,000
Premium/Discount to List
-$9,900
-3.96%
Current Estimated Value
$161,310

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$78,690
Avg. Annual Appreciation
-2.89%
Original Mortgage
$120,000
Interest Rate
7.25%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 30, 2001
Sold by
Leone John J
Bought by
Kiss Thomas

Purchase Details

Closed on
Feb 13, 1998
Sold by
Leone John J and Leone Barbra M
Bought by
Leone Barbra M and Leone John J

Purchase Details

Closed on
Aug 12, 1996
Sold by
Kant Howard M and Kant Lena
Bought by
Leone John and Leone Barbra

Purchase Details

Closed on
Apr 1, 1983
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
Wayark Properties Llc $240,000 None Available
Kiss Thomas -- The Title Co Of South Florid
Kiss Thomas $40,000 The Title Co Of South Florid
Leone Barbra M $100 --
Leone John $33,000 --
Available Not $21,214 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wayark Properties Llc $120,000
Previous Owner Leone John $22,545
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/23/2012 03/23/12 Sold $240,000 -4.0% $381 / Sq Ft
02/22/2012 02/22/12 Pending -- -- --
01/20/2012 01/20/12 For Sale $249,900 -- $397 / 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 $2,579 $102,300 -- --
2024 $2,486 $102,300 -- --
2023 $2,486 $84,550 $0 $0
2022 $2,137 $76,870 $0 $0
2021 $1,942 $69,890 $0 $0
2020 $1,728 $69,610 $6,960 $62,650
2019 $1,663 $71,300 $7,130 $64,170
2018 $1,478 $64,040 $6,400 $57,640
2017 $1,368 $47,750 $0 $0
2016 $1,221 $43,410 $0 $0
2015 $1,191 $39,470 $0 $0
2014 $1,128 $35,890 $0 $0
2013 -- $32,630 $3,260 $29,370
Source: Public Records

Agents Affiliated with this Home

  • Thomas Kiss

    Seller's Agent in 2012

    Thomas Kiss

    United Realty Group Inc

    (954) 629-6888

    7 Total Sales

    Thomas Kiss
    Section Image
  • Rick Demato

    Buyer's Agent in 2012

    Rick Demato

    RE/MAX

    17 Total Sales

    Rick Demato
    Section Image
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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F1170492

BeachesMLS (Greater Fort Lauderdale)

APN: 48-42-31-AD-0170

Florida Broward County Margate 33063

406 Lakeside Dr Unit 110, Margate, FL

This home is located at 406 Lakeside Dr Unit 110, Margate, FL 33063 since 20 January 2012 and is currently estimated at $161,310, approximately $256 per square foot. This property was built in 1984. 406 Lakeside Dr Unit 110 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.

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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