NOT LISTED FOR SALE

511 SW 50th Ave Margate, FL 33068

Margate Estates Neighborhood

Estimated Value: $307,000 - $398,000

3 Beds
2 Baths
943 Sq Ft
$385/Sq Ft Est. Value

Last Sold March 28, 2019

Last sale price $224,000 $238 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $2,248/month

40 Days on Market

Highlights

  • Home fronts a canal
  • No HOA
  • Eat-In Kitchen
  • Room in yard for a pool
  • Cooking Island
  • 3-minute walk to Southeast Park

About This Home

As of March 2019

HOME LOCATED ON A QUIET DEAD END STREET. It HAS A NICE UPDATED KITCHEN, A/C 1 YEAR NEW, TILE THRU OUT, RECENTLY UPDATED MASTER BATHROOM, RECENTLY PAINTED INSIDE AND OUT, CROWN MOLDING, NICE SIZE BEDROOMS, LAUNDRY ROOM OFF KITCHEN, VERY LARGE FENCED IN BACKYARD WITH PATIO, A PEACEFUL SETTING ON A CANAL. GREAT FAMILY HOME CLOSE TO PARK AND IS GREAT FOR KIDS. CLOSE TO SHOPPING, BUSES AND MEDICAL. GREAT FOR OWNER OCCUPANT OR INVESTOR. CURRENTLY OCCUPIED BY A LONG TIME TENANT WHO IS AWESOME. HER LEASE EXPIRES 4/30/2019. SHE IS WILLING TO LEAVE EARLY OR STAY.

Last Agent to Sell the Property

MaryLou Leboff

MMLS Assoc.-Inactive Member License #0626986 Listed on: 01/16/2019

MMLS Assoc.-Inactive Member

Last Buyer's Agent

Robert Rodriguez

Florida New Dream Corp. License #3330825

Florida New Dream Corp.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,295

Year Built

  • Built in 1961

Lot Details

  • 6,900 Sq Ft Lot
  • 60 Ft Wide Lot
  • Home fronts a canal
  • East Facing Home
  • Fenced

Property Views

  • Canal
  • Garden

Home Design

  • Shingle Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 943 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Storage Room
  • Ceramic Tile Flooring
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Cooking Island

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Closet Cabinetry
  • 2 Full Bathrooms

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer

Parking

  • Driveway
  • Open Parking

Outdoor Features

  • Room in yard for a pool
  • Canal Width 1-80 Feet
  • Patio
  • Exterior Lighting

Schools

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

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Margate Estates Sec 3,Margate Estates Sec Subdivision

Listing and Financial Details

  • Assessor Parcel Number 494206041020

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,295

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1961
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, One Story
  • Directions: ATLANTIC BLVD TO 441 GO SOUTH TO SW 6TH ST. GO EAST TO SW 50TH AVE TURN LEFT HOME IS ON THE LEFT
  • Garage Yn: No
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: MARGATE ESTATES SEC 3,MARGATE ESTATES SEC
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dryer, Electric Range, Refrigerator, Washer
  • Interior Amenities: First Floor Entry, Closet Cabinetry, Cooking Island, Split Bedroom, Family Room, Storage, Utility Room/Laundry
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Ceramic Floor
  • Furnished: Unfurnished
  • Living Area: 943
  • Possible Use: Primary
  • Bedroom Features: Entry Level, Primary Bedroom Ground Level
  • Dining Room Features: Eat-In Kitchen
  • Living Room Features: Family Room, Storage Room, Utility Room/Laundry

Exterior Features

  • Roof: Shingle
  • View: Canal, Garden
  • Exterior Features: Lighting, Room For Pool
  • Construction Type: CBS Construction
  • Direction Faces: East
  • Fencing: Fenced
  • Lot Features: Less Than 1/4 Acre Lot
  • Patio And Porch Features: Patio
  • Pool Private: No
  • View: Yes
  • Waterfront Features: WF/No Ocean Access, Canal Front, Canal Width 1-80 Feet
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: MARGATE ESTATES SEC 3
  • Open Parking: Yes
  • Parking Features: Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Laundry Features: Utility Room/Laundry
  • Security: Smoke Detector

Condo/Co-op/Association

  • Association: No
  • Community Features: Public Road

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Schools

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

Lot Info

  • Parcel Number: 494206041020
  • Lot Size Sq Ft: 6900
  • Zoning: RES
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: More Than 20 Lbs

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 3295

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2019
Closed on
Mar 29, 2019
Sold by
Monaco Ellen and Monaco Tim
Bought by
Lilzausaba Christian and Gorbachova Luliia
Seller's Agent
MaryLou Leboff
MMLS Assoc.-Inactive Member
Buyer's Agent
Robert Rodriguez
Florida New Dream Corp.
List Price
$224,900
Sold Price
$224,000
Premium/Discount to List
-$900
-0.4%
Current Estimated Value
$373,730

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,730
Avg. Annual Appreciation
7.32%
Original Mortgage
$219,942
Outstanding Balance
$189,978
Interest Rate
3.87%
Mortgage Type
FHA
Estimated Equity
$173,158

Purchase Details

Listed on
Nov 20, 2015
Closed on
Feb 16, 2016
Sold by
Ritenour Ernest Richard and Ritenour Deborah L
Bought by
Monaco Ellen and Monaco Tim
Seller's Agent
Wallace Lewis
RE/MAX Direct
Buyer's Agent
Wallace Lewis
RE/MAX Direct
List Price
$155,000
Sold Price
$138,000
Premium/Discount to List
-$17,000
-10.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.09%
Original Mortgage
$110,400
Interest Rate
3.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 23, 2005
Sold by
Bailie Ross A and Bailie Constance C
Bought by
Ritenour Ernest Richard and Ritenour Deborah L

Purchase Details

Closed on
Feb 1, 1992
Sold by
Available Not
Bought by
Available Not
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
Lilzausaba Christian $224,000 Builders Title Company
Monaco Ellen $138,000 Nationwide Land Title
Ritenour Ernest Richard -- None Available
Available Not $8,571 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lilzausaba Christian $219,942
Previous Owner Monaco Ellen $110,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/28/2019 03/28/19 Sold $224,000 0.0% $238 / Sq Ft
02/25/2019 02/25/19 Pending -- -- --
02/08/2019 02/08/19 Price Changed $224,000 -0.2% $238 / Sq Ft
01/31/2019 01/31/19 Price Changed $224,500 -0.1% $238 / Sq Ft
01/19/2019 01/19/19 Price Changed $224,800 0.0% $238 / Sq Ft
01/16/2019 01/16/19 For Sale $224,900 +63.0% $238 / Sq Ft
03/01/2016 03/01/16 Sold $138,000 -11.0% $134 / Sq Ft View Prior Sale
01/31/2016 01/31/16 Pending -- -- --
11/20/2015 11/20/15 For Sale $155,000 -- $150 / Sq Ft
Source: MIAMI REALTORS® MLS

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 $3,689 $199,670 -- --
2025 $3,593 $199,670 -- --
2024 $3,514 $194,050 -- --
2023 $3,514 $188,400 $0 $0
2022 $3,348 $182,920 $0 $0
2021 $3,254 $177,600 $0 $0
2020 $3,197 $175,150 $34,500 $140,650
2019 $3,772 $170,980 $34,500 $136,480
2018 $3,295 $152,260 $34,500 $117,760
2017 $2,981 $125,580 $0 $0
2016 $2,641 $109,090 $0 $0
2015 $2,470 $99,180 $0 $0
2014 $2,296 $90,170 $0 $0
2013 -- $89,470 $27,600 $61,870
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2019

    MaryLou Leboff

    MMLS Assoc.-Inactive Member

    Section Image

  • R

    Buyer's Agent in 2019

    Robert Rodriguez

    Florida New Dream Corp.

    (954) 636-2338

    2 Total Sales

    Robert Rodriguez
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10601674

MIAMI REALTORS® MLS

APN: 49-42-06-04-1020

Florida Broward County Margate 33068 Margate Estates

511 SW 50th Ave, Margate, FL

Not Listed for Sale

Detached

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