NOT LISTED FOR SALE

551 St Michelle Way Unit 551 Margate, FL 33068

Margate Estates Neighborhood

Estimated Value: $390,482 - $401,000

2 Beds
2.5 Baths
1,328 Sq Ft
$300/Sq Ft Est. Value

Last Sold August 25, 2016

Last sale price $175,000 $132 Per Sq Ft

Est. 127% increase in value since last sale

Current estimated payment $2,892/month

80 Days on Market

Highlights

  • Clubhouse
  • Attic
  • Community Pool
  • Recreation Room
  • Pool View
  • Den

About This Home

As of August 2016

POOL & PLAYGROUND BACK DOOR. NOT A FORECLOSURE OR SHORT SALE. NO LEASE FOR FIRST 2 YEARS. THE DEN HAS A DOOR AND CLOSET AND COULD BEL USED AS A BEDROOM. GATED COMMUNITY, SECURITY PATROL. NEW CARPET,, WELL CARED FOR COMPLEX. FHA AND VA OK BUT YOU MUST HAVE YOUR OWN CLOSING COST. PROPERTY IS VACANT AND READY OWNER AGENT NICK BERARDINO LIC 0535110. 2 BEDROOMS HAVE BATH PLUS ACCESS FROM DEN TO BATH, NICE DESIGN. DEN COULD BE 3RD BEDROOM. GATE CODE 063 IF NO ANSWER USE 323 AND TELL THEM YOU ARE A REALTOR.

Last Agent to Sell the Property

Nick Berardino

Star Realty of S. FL Inc License #0535110 Listed on: 05/06/2016

Last Buyer's Agent

Ivon Serrano

Inactive Member License #3169270

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,558

Year Built

  • Built in 2005

Lot Details

  • East Facing Home
  • Fenced

HOA Fees

  • $150 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Garage Door Opener

Interior Spaces

  • 1,328 Sq Ft Home
  • 2-Story Property
  • Bar
  • Single Hung Metal Windows
  • Blinds
  • Family Room
  • Open Floorplan
  • Den
  • Recreation Room
  • Pool Views
  • Washer and Dryer Hookup
  • Attic

Kitchen

  • Breakfast Bar
  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms

Home Security

Outdoor Features

  • Patio

Utilities

  • Central Air
  • Heating Available
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 494206291080

Community Details

Overview

  • Association fees include common areas, maintenance structure, parking, security
  • Monte Carlo Subdivision

Amenities

  • Clubhouse

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed

Security

  • Security Guard
  • Card or Code Access
  • Hurricane or Storm Shutters
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,558

Year Built

Built in 2005

Lot Details

0

HOA Fees

$150 per month

Parking

1

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Townhouse
  • Property Sub Type Additional: Townhouse
  • Directions: 441 NORTH OF COMMERCIAL AND SOUTH OF ATLANTIC BLVD ON THE EAST SIDE.
  • Year Built: 2005
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Interior Amenities: Breakfast Bar, Family/Dining Room, First Floor Entry, Living/Dining Room, Main Living Area Entry Level, Pantry, Upper Level Master, Bar, Attic
  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Carpet, Ceramic Tile, Tile
  • Living Area: 1328.0
  • Dining Room Type: Attic, Den, Family Room, Recreation
  • Stories: 2
  • Window Features: Blinds, Metal, Single Hung

Exterior Features

  • Exterior Features: Fence, Patio, Storm/Security Shutters
  • View: Other, Pool
  • Pool Features: Association
  • Waterfront: No
  • Disclosures: Owner Is Listing Agent
  • Construction Type: Block
  • Direction Faces: East
  • Patio And Porch Features: Patio
  • Property Condition: Resale

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Garage Yn: Yes
  • Parking Features: Attached, Garage, Two or More Spaces, Garage Door Opener

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Security: Key Card Entry, Security Guard, Smoke Detector(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 150.0
  • Senior Community: No
  • Amenities: Clubhouse, Pool
  • Association #2 Fee: 150.0
  • Association Fee Frequency: Monthly
  • Pets Allowed: Conditional, Yes

Fee Information

  • Association Fee Includes: Common Areas, Maintenance Structure, Parking, Security

Lot Info

  • Parcel #: 494206291080

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 2558.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 31, 2025
Sold by
Muriel Jaime Andres and Castrillon Karen Marcela
Bought by
Richardson Kevin Dillon and Mitchell Nekelsha Natasha
Current Estimated Value
$397,871

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$387,845
Outstanding Balance
$386,501
Interest Rate
6.76%
Mortgage Type
FHA
Estimated Equity
$11,370

Purchase Details

Closed on
Jun 1, 2020
Sold by
Muriel Jaime and Muriel Leddy R
Bought by
Muriel Jaime Andres and Castrillon Karen Marcela

Purchase Details

Closed on
May 10, 2019
Sold by
Scalise Maria and Scalise Caterina
Bought by
Muriel Leddy R and Muriel Jaime

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,662
Interest Rate
4%
Mortgage Type
FHA

Purchase Details

Listed on
May 6, 2016
Closed on
Aug 25, 2016
Sold by
Berardino Nicholas
Bought by
Scalise Maria and Scalise Caterina
Seller's Agent
Nick Berardino
Star Realty of S. FL Inc
Buyer's Agent
Ivon Serrano
Inactive Member
List Price
$189,998
Sold Price
$175,000
Premium/Discount to List
-$14,998
-7.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.51%
Original Mortgage
$171,830
Interest Rate
3.48%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 30, 2005
Sold by
Monte Carlo Townhomes Of Margate Inc
Bought by
Berardino Nicholas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,500
Interest Rate
1.37%
Mortgage Type
Negative Amortization
Source: Public Records

Range of Values:

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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
Richardson Kevin Dillon $395,000 Assure America Title
Muriel Jaime Andres -- None Available
Muriel Leddy R $245,000 Attorney
Scalise Maria $175,000 Appletower Title & Escrow Ll
Berardino Nicholas $184,900 Reliable Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Richardson Kevin Dillon $387,845
Previous Owner Muriel Jaime Andres $52,959
Previous Owner Muriel Leddy R $240,662
Previous Owner Scalise Maria $171,830
Previous Owner Berardino Nicholas $136,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2016 08/25/16 Sold $175,000 -7.9% $132 / Sq Ft
07/26/2016 07/26/16 Pending -- -- --
05/06/2016 05/06/16 For Sale $189,998 -- $143 / 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 $7,092 $338,670 $20,330 $302,960
2024 $6,620 $323,290 $20,330 $302,960
2023 $6,620 $279,900 $0 $0
2022 $5,865 $254,460 $0 $0
2021 $5,362 $231,330 $20,330 $211,000
2020 $4,949 $212,790 $20,330 $192,460
2019 $3,261 $184,590 $0 $0
2018 $2,907 $172,750 $0 $0
2017 $2,688 $154,200 $0 $0
2016 $2,964 $114,020 $0 $0
2015 $2,781 $103,660 $0 $0
2014 $2,483 $94,240 $0 $0
2013 -- $85,680 $20,330 $65,350
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2016

    Nick Berardino

    Star Realty of S. FL Inc

  • I

    Buyer's Agent in 2016

    Ivon Serrano

    Inactive Member

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10010555

BeachesMLS (Greater Fort Lauderdale)

APN: 49-42-06-29-1080

Florida Broward County Margate 33068 Margate Estates

551 St Michelle Way Unit 551, Margate, FL

This home is located at 551 St Michelle Way Unit 551, Margate, FL 33068 since 06 May 2016 and is currently estimated at $397,871, approximately $299 per square foot. This property was built in 2005. 551 St Michelle Way Unit 551 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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