$131,999
SOLD SEP 30, 2024

550 NW 78th Terrace Unit 103 Margate, FL 33063

2 Beds
2 Baths
990 Sq Ft
$495/mo HOA Fee

Recently Sold

$133 Per Sq Ft

6% Below List Price

135 Days on Market

Highlights

  • Fitness Center
  • Senior Community
  • Marble Flooring
  • Heated Pool
  • Clubhouse
  • Garden View

About This Home

As of September 2024

YOU MUST SEE THIS !!! MUCH SOUGHT AFTER FIRST FLOOR UNIT IN DESIRABLE ORIOLE GARDENS TWO. THIS TWO BEDROOM TWO BATH CONDO HAS GORGEOUS MARBLE FLOORS. UPDATED BATHROOMS, SPACIOUS ROOMS, SOME UPDATED KITCHEN CABINETS, UPDATED DOORS, FOUR PADDLE FANS, ENCLOSED PATIO. ON A CUL DE SAC, VERY LITTLE TRAFFIC, SHORT WALK TO THE CLUBHOUSE WHICH HAS BILLIARDS, LIBRARY, CARD ROOM, EXERCISE ROOM, FULL KITCHEN, TWO SPARKLING POOLS. ASSOCIATION STATES 55+, 700+ CREDIT SCORE, $25000-$30000 INCOME. SECURITY DEPOSIT, IN PERSON INTERVIEW. COMPLEX IS CLOSE TO SHOPPING, MALL, RESTAURANTS, BANKS, WALGREENS, AND MUCH MORE. SHORT DRIVE TO THE BEACH.

Last Agent to Sell the Property

Tom Salomone

Real Estate II Inc License #0351536 Listed on: 04/05/2024

Last Buyer's Agent

Courtney Maxwell

All Broward Realty, Inc License #3315114

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,229

Year Built

  • Built in 1974

HOA Fees

  • $495 Monthly HOA Fees

Interior Spaces

  • 990 Sq Ft Home
  • 2-Story Property
  • Furnished or left unfurnished upon request
  • Ceiling Fan
  • Blinds
  • Entrance Foyer
  • Combination Dining and Living Room
  • Screened Porch
  • Garden Views

Kitchen

  • Breakfast Area or Nook
  • Electric Range
  • Dishwasher
  • Disposal

Flooring

  • Marble
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • Guest Parking
  • Assigned Parking

Pool

  • Heated Pool

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Security Deposit $2,968
  • Assessor Parcel Number 484135KA0030

Community Details

Overview

  • Senior Community
  • Association fees include management, common areas, cable TV, laundry, ground maintenance, maintenance structure, parking, pest control, pool(s), recreation facilities, sewer, trash, water
  • 560 Units
  • Oriole Gardens Two Subdivision

Amenities

  • Picnic Area
  • Clubhouse
  • Billiard Room
  • Community Library
  • Laundry Facilities
  • Community Storage Space

Recreation

  • Fitness Center
  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,229

Year Built

Built in 1974

Lot Details

0

HOA Fees

$495 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Year Built: 1974
  • Carport Y N: No
  • Entry Level: 1
  • Property Attached Yn: Yes
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Bedroom on Main Level, Breakfast Area, Entrance Foyer, First Floor Entry, Living/Dining Room, Main Level Primary, Main Living Area Entry Level, Pantry
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Furnished: Negotiable
  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Disposal, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Marble, Tile
  • Living Area: 990.0
  • Dining Room Type: Porch
  • Stories: 2
  • Window Features: Blinds

Exterior Features

  • Exterior Features: Enclosed Porch
  • View: Garden
  • Pool Features: Association, Heated
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Glass Enclosed, Porch, Screened
  • Property Condition: Resale

Garage/Parking

  • Garage Yn: No
  • Parking Features: Assigned, Guest, One Space

Utilities

  • Laundry Features: Common Area
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Utilities: Cable Available

Condo/Co-op/Association

  • Association Fee: 1484.0
  • Community Features: Non-Gated
  • Senior Community: Yes
  • Amenities: Billiard Room, Clubhouse, Community Kitchen, Fitness Center, Laundry, Library, Barbecue, Picnic Area, Pool, Storage
  • Association #2 Fee: 1484.0
  • Association Fee Frequency: Quarterly
  • Pets Allowed: No

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Cable TV, Laundry, Maintenance Grounds, Maintenance Structure, Parking, Pest Control, Pool(s), Recreation Facilities, Sewer, Trash, Water

Lot Info

  • Parcel #: 484135KA0030

Rental Info

  • Security Deposit: 2968.0

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 2229.0

Multi Family

  • Number Of Units In Community: 560

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2024
Closed on
Sep 30, 2024
Sold by
Williams Donald H and Williams Isabel Elvira
Bought by
Ward Karen Deborah
Seller's Agent
Tom Salomone
Real Estate II Inc
Buyer's Agent
Courtney Maxwell
All Broward Realty, Inc
List Price
$139,900
Sold Price
$131,999
Premium/Discount to List
-$7,901
-5.65%
Views
40
Current Estimated Value
$127,756

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,243
Avg. Annual Appreciation
-2.52%
Original Mortgage
$10,000
Outstanding Balance
$9,953
Interest Rate
6.35%
Estimated Equity
$119,382

Purchase Details

Listed on
Jun 1, 2018
Closed on
Jul 31, 2018
Sold by
Flore Ken
Bought by
Willams Donald H and Elvira Isabel
Seller's Agent
Tom Salomone
Real Estate II Inc
Buyer's Agent
Thomas Salomone
Real Estate II Inc
List Price
$49,900
Sold Price
$48,000
Premium/Discount to List
-$1,900
-3.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.82%

Purchase Details

Closed on
May 31, 2018
Sold by
Hunter Robert
Bought by
Flore Ken

Purchase Details

Closed on
Aug 6, 2010
Sold by
Bankunited
Bought by
Hunter Robert

Purchase Details

Closed on
Dec 8, 2009
Sold by
Nasso Luciano A
Bought by
Bankunited Fsb

Purchase Details

Closed on
May 21, 2009
Sold by
Federal Deposit Insurance Corporation
Bought by
Whole Bank

Purchase Details

Closed on
Jun 16, 2006
Sold by
Carnivale Alexandra D and Carnivale Richard
Bought by
Nasso Luciano A and Deoliveira Mercia M

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
7.12%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jan 31, 2004
Sold by
Grossman Florence and Eidelkind Judith
Bought by
Nasso Luciano A and Deoliveira Mercia M G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$33,600
Interest Rate
3.69%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 19, 1998
Sold by
Grossman Florence
Bought by
Rosenberger Barbara
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
Warranty Deed $131,000 Title Network Services
Warranty Deed $48,000 Title Network Services Inc
Warranty Deed $35,000 Title Network Services Inc
Special Warranty Deed $17,000 Attorney
Trustee Deed -- Attorney
Receivers Deed -- None Available
Quit Claim Deed $86,400 None Available
Warranty Deed $43,000 Springs Title Ins Agency
Warranty Deed $100 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $10,000 No Value Available
Open $104,799 New Conventional
Previous Owner $86,400 Negative Amortization
Previous Owner $33,600 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2024 09/30/24 Sold $131,999 -0.8% $133 / Sq Ft
08/19/2024 08/19/24 Pending -- -- --
07/25/2024 07/25/24 Price Changed $132,999 -4.9% $134 / Sq Ft
04/05/2024 04/05/24 For Sale $139,900 +191.5% $141 / Sq Ft
07/31/2018 07/31/18 Sold $48,000 -3.8% $48 / Sq Ft
07/01/2018 07/01/18 Pending -- -- --
06/01/2018 06/01/18 For Sale $49,900 -- $50 / 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 $2,376 $124,980 $12,500 $112,480
2024 $2,229 $124,980 $12,500 $112,480
2023 $2,229 $75,460 $0 $0
2022 $1,874 $68,600 $0 $0
2021 $1,665 $62,370 $6,240 $56,130
2020 $1,669 $64,260 $6,430 $57,830
2019 $1,541 $56,370 $5,640 $50,730
2018 $356 $27,650 $0 $0
2017 $345 $27,090 $0 $0
2016 $259 $26,540 $0 $0
2015 $256 $26,360 $0 $0
2014 $252 $26,160 $0 $0
2013 -- $25,780 $2,580 $23,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10432890

BeachesMLS (Greater Fort Lauderdale)

APN: 48-41-35-KA-0030