NOT LISTED FOR SALE

551 Kathy Ln Margate, FL 33068

Fair Gate Neighborhood

Estimated Value: $732,927 - $841,000

8 Beds
4 Baths
3,360 Sq Ft
$231/Sq Ft Est. Value

Sale Details

Date Sold: October 18, 2022

Last sale price $660,000 $196 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $5,533 / mo

10 Days on Market

Highlights

  • No HOA
  • Porch
  • Central Heating and Cooling System
  • Balcony
  • Ceramic Tile Flooring
  • 1-Story Property

About This Home

As of October 2022

Excellent investment opportunity to own this income producing Fourplex in the beautiful residential neighborhood of Margate. This Fourplex features a very attractive layout with all units being 2/1, coin washer and dryer with additional W/D hookup. All units are on M-T-M leases. Minor interior cosmetic renovations needed. Exterior freshly painted. Don’t miss out on this incredible opportunity! Please do not bother tenants. Excellent investment opportunity to own this income producing Fourplex in the beautiful residential neighborhood of Margate. This Fourplex features a very attractive layout with all units being 2/1, coin washer and dryer with additional W/D hookup. All units are on M-T-M leases. Minor interior cosmetic renovations needed. Exterior freshly painted. Don’t miss out on this incredible opportunity! Please do not bother tenants.

Last Agent to Sell the Property

Claudine Taylor

Red Pin Realty License #3432013 Listed on: 08/26/2022

Last Buyer's Agent

Rodrigo Fortuna

Fortuna Properties Group Inc License #3273321

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,772

Year Built

  • Built in 1972

Home Design

  • Quadruplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 3,360 Sq Ft Home
  • 1-Story Property
  • Ceramic Tile Flooring

Outdoor Features

  • Balcony
  • Porch

Utilities

  • Central Heating and Cooling System
  • Separate Meters
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Association fees include ground maintenance, sewer, trash, water
  • 44 Units
  • Kimberly Forest 68 31 B Subdivision

Listing and Financial Details

  • Assessor Parcel Number 494101091850

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,772

Year Built

Built in 1972

Lot Details

0 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Quadruplex
  • Property Sub Type Additional: Quadruplex
  • Directions: Head east on Rock Island and Southgate Blvd, turn South on Kathy Lane.
  • Year Built: 1972
  • New Construction: No
  • DelayedMarketingYN: No
  • Special Features: VirtualTour

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 3360.0
  • Stories: 1

Exterior Features

  • Exterior Features: Balcony
  • Lot Features: < 1/4 Acre
  • Pool Private: No
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Porch, Balcony
  • Property Condition: Resale
  • Roof: Composition, Shingle

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Separate Meters
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Fee Information

  • Association Fee Includes: Maintenance Grounds, Sewer, Trash, Water

Lot Info

  • Parcel #: 494101091850
  • Lot Size: 9073
  • Mobile Dim Units: Feet
  • Zoning: R-3

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 6772.0

Multi Family

  • Number Of Units In Community: 44

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2022
Closed on
Oct 17, 2022
Sold by
Bought by
Seller's Agent
Claudine Taylor
Red Pin Realty
Buyer's Agent
Rodrigo Fortuna
Fortuna Properties Group Inc
List Price
$655,999
Sold Price
$660,000
Premium/Discount to List
$4,001
0.61%
Current Estimated Value
$776,732

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$116,732
Avg. Annual Appreciation
4.40%
Original Mortgage
$495,000
Interest Rate
0.067%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 24, 1999
Sold by
Bought by

Purchase Details

Closed on
Sep 26, 1994
Sold by
Bought by

Purchase Details

Closed on
Nov 1, 1992
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$660,000 Sharp Title Solutions
$149,000 --
-- --
$10,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $495,000
Closed $495,000
Previous Owner $148,000
Previous Owner $148,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/18/2022 10/18/22 Sold $660,000 +0.6% $196 / Sq Ft
09/06/2022 09/06/22 Pending -- -- --
08/26/2022 08/26/22 For Sale $655,999 -- $195 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $15,613 $697,590 $36,290 $661,300
2025 $15,035 $666,220 $36,290 $629,930
2024 $15,219 $636,500 $36,290 $600,210
2023 $15,219 $636,500 $36,290 $600,210
2022 $8,701 $299,260 $0 $0
2021 $7,972 $272,060 $0 $0
2020 $7,316 $356,890 $27,220 $329,670
2019 $6,971 $346,990 $27,220 $319,770
2018 $5,873 $262,780 $27,220 $235,560
2017 $5,453 $185,830 $0 $0
2016 $4,861 $168,940 $0 $0
2015 $4,521 $153,590 $0 $0
2014 $4,219 $139,630 $0 $0
2013 -- $143,730 $27,180 $116,550
Source: Public Records

Agents Affiliated with this Home

  • Claudine Taylor

    Seller's Agent in 2022

    Claudine Taylor

    Red Pin Realty

    (954) 630-7020

    1 in this area

    4 Total Sales

    Claudine Taylor
    Section Image
  • Rodrigo Fortuna

    Buyer's Agent in 2022

    Rodrigo Fortuna

    Fortuna Properties Group Inc

    (786) 303-3287

    1 in this area

    27 Total Sales

    Rodrigo Fortuna
    Section Image
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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10346090

BeachesMLS (Greater Fort Lauderdale)

APN: 49-41-01-09-1850

Florida Broward County Margate 33068 Fair Gate

551 Kathy Ln, Margate, FL

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 2026 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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