NOT LISTED FOR SALE

505 N State Road 7 Margate, FL 33063

Hammon Heights Neighborhood

Estimated Value: $3,529,688

0.6 Acre
$5,882,813 Price per Acre
26,136 Sq Ft Lot

Last Sold February 11, 2015

Last sale price $1,500,000

Est. 135% increase in value since last sale

Current estimated payment $21,734/month

1,774 Days on Market

Highlights

  • 0.6 Acre Lot
  • Corner Lot
  • No HOA
  • Home fronts a canal

About This Lot

As of February 2015

THE PROPERTY IS LOCATED ON THE N WEST CORNER OF STATE ROAD 7 (441) AND ATLANTIC BLVD. GREAT LOCATION PERFECT FOR BANK FAST FOOD COFFEE CHAIN GREAT ACCESS FROM BOTH ROADS STATE OF FL. HAS ISSUED IT'S SITE REHABILITATION COMPLETION ORDER FORMERLY USED AS A GAS STATION

Last Agent to Sell the Property

Laura Rodriguez

MMLS Assoc.-Inactive Member License #0354275 Listed on: 03/25/2010

Last Buyer's Agent

Laura Rodriguez

MMLS Assoc.-Inactive Member License #0354275 Listed on: 03/25/2010

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $24,353

Lot Details

  • 0.6 Acre Lot
  • Home fronts a canal
  • Corner Lot
  • Property is zoned TOC

Location

  • City Lot

Community Details

  • No Home Owners Association
  • Margate Condos
  • Margate Subdivision

Listing and Financial Details

  • Tax Lot 21-22
  • Assessor Parcel Number 484136020330

Property Details

Property Type

Land

Est. Annual Taxes

$24,353

Lot Details

0

Listing Details

  • Property Type: Commercial Land
  • Ownership: Corporation
  • Property Sub Type: Commercial
  • Horses: No
  • Inclusions: Other
  • Lot Size Acres: 0.6
  • New Construction: No
  • Road Frontage Type: Public Road
  • Road Surface Type: Paved
  • Structure Type: Commercial
  • Subdivision Name: MARGATE
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Unknown/Withheld, Open Land

Exterior Features

  • Lot Features: Central Business District, City Location, Corner Location, Less Than 1 Acre
  • Pool Private: No
  • View: No
  • Waterfront Features: Canal Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: MARGATE

Utilities

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

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 484136020330
  • Additional Parcels: No
  • Current Use: Unimproved Business/Commercial
  • Zoning: TOC
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2008
  • Tax Annual Amount: 24353
  • Tax Lot: 21-22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2010
Closed on
Feb 9, 2015
Sold by
Semet Barry N and Semet Gardner B
Bought by
Orion Margate Llc
Seller's Agent
Laura Rodriguez
MMLS Assoc.-Inactive Member
Buyer's Agent
Laura Rodriguez
MMLS Assoc.-Inactive Member
List Price
$2,100,000
Sold Price
$1,500,000
Premium/Discount to List
-$600,000
-28.57%
Current Estimated Value
$3,529,688

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,029,688
Avg. Annual Appreciation
8.59%

Purchase Details

Closed on
May 1, 1989
Sold by
Available Not
Bought by
Available Not
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Orion Margate Llc $1,500,000 Commonwealth Land Title Ins
Available Not $7,857 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Orion East Miller Llc $5,775,000
Closed Orion Margate Llc $1,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/11/2015 02/11/15 Sold $1,500,000 -28.6% --
02/01/2015 02/01/15 Pending -- -- --
03/25/2010 03/25/10 For Sale $2,100,000 -- --
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 $30,027 $1,364,140 $664,280 $699,860
2024 $30,351 $1,364,140 $664,280 $699,860
2023 $30,351 $1,364,420 $664,280 $700,140
2022 $32,907 $1,497,590 $664,280 $833,310
2021 $33,070 $1,497,590 $664,280 $833,310
2020 $33,018 $1,497,590 $664,280 $833,310
2019 $33,889 $1,497,600 $664,280 $833,320
2018 $31,797 $1,497,600 $664,280 $833,320
2017 $30,304 $1,322,310 $0 $0
2016 $26,958 $1,202,100 $0 $0
2015 $24,335 $1,038,250 $0 $0
2014 $23,693 $943,870 $0 $0
2013 -- $1,130,860 $664,280 $466,580
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2015

    Laura Rodriguez

    MMLS Assoc.-Inactive Member

See All Agents

Map

Source: MIAMI REALTORS® MLS

MLS Number: M1379559

MIAMI REALTORS® MLS

APN: 48-41-36-02-0330

Florida Broward County Margate 33063 Hammon Heights

505 N State Road 7, Margate, FL

This home is located at 505 N State Road 7, Margate, FL 33063 since 25 March 2010 and is currently estimated at $3,529,688. 505 N State Road 7 is a home located in Broward County with nearby schools including Atlantic West 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.

Nearby Homes