NOT LISTED FOR SALE

531 SW 62nd Way Margate, FL 33068

Fair Gate Neighborhood

Estimated Value: $444,000 - $476,000

3 Beds
2 Baths
1,464 Sq Ft
$312/Sq Ft Est. Value

Last Sold December 10, 2019

Last sale price $245,000 $167 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $2,864/month

184 Days on Market

Highlights

  • Private Pool
  • 1 Car Attached Garage
  • Central Heating and Cooling System
  • Pool View
  • Tile Flooring
  • 4-minute walk to Shoster Nature Preserve

About This Home

As of December 2019

Great opportunity to own this 3br/2ba home located in Kimberly Forest community. No Age Restrictions. Close to Shopping, Major roads and public transportation. Bring your offers. This is a HomeSteps Property. Please see attached.

Last Agent to Sell the Property

Danny Lewis

Lewis Real Estate Group Inc License #3039511 Listed on: 05/09/2019

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,233

Year Built

  • Built in 1972

Lot Details

  • 8,840 Sq Ft Lot
  • East Facing Home
  • Fenced

Parking

  • 1 Car Attached Garage
  • Driveway

Home Design

  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,464 Sq Ft Home
  • 1-Story Property
  • Pool Views
  • Electric Range

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

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

Additional Features

  • Private Pool
  • Central Heating and Cooling System

Community Details

  • Kimberly Forest Sec 2 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 494101161470

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,233

Year Built

Built in 1972

Lot Details

0

Parking

1

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: W Atlantic Blvd-turn left onto N Rock Island Rd-Road name changes to S Rock Island Rd-turn left onto Southgate Blvd-turn right onto SW 64 Ave-Road name changes to SW 6 Pl-turn left onto SW 63rd Terr-Road name changes to SW 5 St-turn right onto SW 62 Wy
  • Year Built: 1972
  • Architectural Style: Ranch, One Story
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: 5120
  • Stories: 1

Interior Features

  • Interior Amenities: Other
  • Furnished: Unfurnished
  • Appliances: Electric Range
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Laminate, Tile
  • Living Area: 1464.0
  • Dining Room Type: Other

Exterior Features

  • Exterior Features: Fence
  • View: Pool
  • Lot Features: < 1/4 Acre
  • Pool Features: In Ground, Pool
  • Pool Private: Yes
  • Waterfront: No
  • Construction Type: Block
  • Direction Faces: East
  • Property Condition: Resale
  • Roof: Composition, Shingle

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Garage Yn: Yes
  • Parking Features: Attached, Driveway, Garage

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
  • Pets Allowed: Conditional, Yes

Schools

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

Lot Info

  • Parcel #: 494101161470
  • Lot Size Sq Ft: 8840.0
  • Zoning Description: resident
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 1233.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2019
Closed on
Dec 9, 2019
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Gavidia Angel and Gavidia Haydee
Seller's Agent
Danny Lewis
Lewis Real Estate Group Inc
List Price
$319,900
Sold Price
$245,000
Premium/Discount to List
-$74,900
-23.41%
Current Estimated Value
$456,696

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$211,696
Avg. Annual Appreciation
11.25%
Original Mortgage
$262,421
Outstanding Balance
$238,237
Interest Rate
5.25%
Mortgage Type
FHA
Estimated Equity
$218,459

Purchase Details

Closed on
Jan 15, 2019
Sold by
Brien Michael T O and Brien Elizabeth M O
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Apr 21, 2004
Sold by
Hernandez Jose E
Bought by
Obrien Michael J and Obrien Elizabeth M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,100
Interest Rate
5.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 9, 1998
Sold by
Schand Vain and Schand Lilia
Bought by
Hernandez Jose E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,400
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 30, 1993
Sold by
Home Sav Amer F S B
Bought by
Schand Vain and Schand Lilia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
7.25%
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
Gavidia Angel $245,000 Radian Settlement Svcs Inc
Federal Home Loan Mortgage Corporation $174,200 None Available
Obrien Michael J $198,000 --
Hernandez Jose E $96,000 --
Schand Vain $80,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gavidia Angel $262,421
Previous Owner Obrien Michael J $188,100
Previous Owner Hernandez Jose E $86,400
Previous Owner Schand Vain $72,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/10/2019 12/10/19 Sold $245,000 -23.4% $167 / Sq Ft
11/10/2019 11/10/19 Pending -- -- --
05/09/2019 05/09/19 For Sale $319,900 -- $219 / 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 $5,191 $275,350 -- --
2024 $5,086 $267,590 -- --
2023 $5,086 $259,800 $0 $0
2022 $4,857 $252,240 $0 $0
2021 $4,726 $244,900 $35,360 $209,540
2020 $4,723 $245,000 $35,360 $209,640
2019 $1,634 $102,950 $0 $0
2018 $1,533 $101,040 $0 $0
2017 $1,509 $98,970 $0 $0
2016 $1,422 $96,940 $0 $0
2015 $1,454 $96,270 $0 $0
2014 $1,456 $95,510 $0 $0
2013 -- $130,200 $26,520 $103,680
Source: Public Records

Agents Affiliated with this Home

  • Danny Lewis

    Seller's Agent in 2019

    Danny Lewis

    Lewis Real Estate Group Inc

    (954) 629-7905

    27 Total Sales

    Danny Lewis
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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10175300

BeachesMLS (Greater Fort Lauderdale)

APN: 49-41-01-16-1470

Florida Broward County Margate 33068 Fair Gate

531 SW 62nd Way, Margate, FL

This home is located at 531 SW 62nd Way, Margate, FL 33068 since 09 May 2019 and is currently estimated at $456,696, approximately $311 per square foot. This property was built in 1972. 531 SW 62nd Way 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.

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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