NOT LISTED FOR SALE

5500 SW 7th Ct Margate, FL 33068

Margate Estates Neighborhood

Estimated Value: $437,000 - $503,000

4 Beds
2 Baths
1,654 Sq Ft
$290/Sq Ft Est. Value

Last Sold September 05, 2024

Last sale price $500,000 $302 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $2,738/month

96 Days on Market

Highlights

  • Fruit Trees
  • Circular Driveway
  • Tile Flooring
  • Maid or Guest Quarters
  • Park
  • 1 Attached Carport Space

About This Home

As of September 2024

LOOK NO FURTHER - THIS 4/2 HAS FINALLY ARRIVED - DON'T LET THIS OPPORTUNITY GO BY - DO YOU ALWAYS DREAM OF AN HOUSE WITH EXTRA INCOME POTENTIAL? - HERE IT IS! COME TAKE A LOOK AT THIS "STAND ALONE AND INDEPENDENT" BACKYARD EFFICIENCY THAT'S READY FOR YOUR NEXT TENANT - NO JOKES! BE PRAGMATIC IN THIS MARKET - GRANITE COUNTERTOP - SELLERS WOULD PREFER A LONG CLOSING WITH AT LEAST 30 DAYS POST-CLOSING OCCUPANCY

Last Agent to Sell the Property

Jackson Delva

U Satisfied Realty, LLC License #3092562 Listed on: 05/31/2024

Last Buyer's Agent

Marie Michelle Andre

Good News Real Estate License #3175211

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,341

Year Built

  • Built in 1966

Lot Details

  • 9,828 Sq Ft Lot
  • North Facing Home
  • Fenced
  • Fruit Trees
  • Property is zoned R-1C

Home Design

  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,654 Sq Ft Home
  • 1-Story Property
  • Awning
  • Tile Flooring

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • Maid or Guest Quarters
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 1 Attached Carport Space
  • Circular Driveway

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 494206060300

Community Details

Overview

  • Serino Park Sec 2 55 16 B Subdivision

Recreation

  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,341

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: EXIT I95 ON ATLANTIC BLVD - HEADING WEST - PASS RAILROAD TRACK AND KEEP GOING STRAIGHT - TURN LEFT ON STATE ROAD 7 - HEAD SOUTH AND TURN LEFT ON SW 7TH STREET - RIGHT ON SW 56TH AVE - FOLLOW CURVE - HOUSE WILL BE ON YOUR RIGHT -
  • Year Built: 1966
  • Architectural Style: One Story
  • Carport Y N: Yes
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Interior Amenities: Bedroom on Main Level, First Floor Entry
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Appliances: Dryer, Dishwasher, Electric Range, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Flooring: Tile
  • Living Area: 1654.0
  • Dining Room Type: Guest Quarters

Exterior Features

  • Exterior Features: Fence, Fruit Trees, Awning(s)
  • View: Other
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Pool Private: No
  • Waterfront: No
  • Construction Type: Block
  • Direction Faces: North
  • Other Structures: Guest House
  • Property Condition: Resale
  • Roof: Composition, Shingle

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Carport Spaces: 1.0
  • Garage Yn: No
  • Parking Features: Attached Carport, Circular Driveway, Driveway

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated, Park
  • Senior Community: No
  • Pets Allowed: No Pet Restrictions, Yes

Lot Info

  • Parcel #: 494206060300
  • Lot Size Sq Ft: 9828.0
  • Zoning Description: R-1C
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 3341.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2024
Closed on
Sep 5, 2024
Sold by
Medelus Josue and Francois Indilia M
Bought by
Frantz Paul and Berline Paul Berline
Seller's Agent
Jackson Delva
U Satisfied Realty, LLC
Buyer's Agent
Marie Michelle Andre
Good News Real Estate
List Price
$510,000
Sold Price
$500,000
Premium/Discount to List
-$10,000
-1.96%
Views
22
Current Estimated Value
$480,364

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$19,636
Avg. Annual Appreciation
-3.55%
Original Mortgage
$468,050
Outstanding Balance
$463,090
Interest Rate
6.78%
Mortgage Type
FHA
Estimated Equity
$17,274

Purchase Details

Closed on
Dec 29, 2008
Sold by
Medelus Josue
Bought by
Medelus Josue and Francois Indilia M

Purchase Details

Closed on
Sep 16, 2008
Sold by
Honaker William and Honaker Therese
Bought by
Medelus Josue

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
10%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Dec 27, 2002
Sold by
Swann Alberta
Bought by
Honaker William M and Honaker Therese M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,300
Interest Rate
6.1%
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
Frantz Paul $500,000 Southern Capital Title
Medelus Josue -- None Available
Medelus Josue $162,000 Beacon Title Services Inc
Honaker William M $154,000 Guaranty Trust & Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Frantz Paul $468,050
Previous Owner Medelus Josue $40,000
Previous Owner Medelus Josue $123,000
Previous Owner Honaker William M $146,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/05/2024 09/05/24 Sold $500,000 -1.0% $302 / Sq Ft
06/26/2024 06/26/24 Price Changed $505,000 -1.0% $305 / Sq Ft
05/31/2024 05/31/24 For Sale $510,000 -- $308 / 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 $2,289 $401,870 $39,310 $362,560
2024 $3,341 $401,870 $39,310 $362,560
2023 $3,341 $130,190 $0 $0
2022 $3,216 $126,400 $0 $0
2021 $3,152 $122,720 $0 $0
2020 $3,113 $121,030 $0 $0
2019 $1,972 $118,310 $0 $0
2018 $1,850 $116,110 $0 $0
2017 $1,824 $113,730 $0 $0
2016 $1,738 $111,400 $0 $0
2015 $1,779 $110,630 $0 $0
2014 $1,784 $109,760 $0 $0
2013 -- $135,000 $29,480 $105,520
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    Jackson Delva

    U Satisfied Realty, LLC

    (954) 913-3535

    1 in this area

    22 Total Sales

    Jackson Delva
    Section Image

  • M

    Buyer's Agent in 2024

    Marie Michelle Andre

    Good News Real Estate

    (954) 854-7997

    2 in this area

    25 Total Sales

    Marie Michelle Andre
    Section Image
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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10435615

BeachesMLS (Greater Fort Lauderdale)

APN: 49-42-06-06-0300

Florida Broward County Margate 33068 Margate Estates

5500 SW 7th Ct, Margate, FL

This home is located at 5500 SW 7th Ct, Margate, FL 33068 since 31 May 2024 and is currently estimated at $480,364, approximately $290 per square foot. This property was built in 1966. 5500 SW 7th Ct 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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