NOT LISTED FOR SALE

551 SW 50th Ave Margate, FL 33068

Margate Estates Neighborhood

Estimated Value: $378,000 - $467,000

3 Beds
1.5 Baths
1,210 Sq Ft
$352/Sq Ft Est. Value

Last Sold March 29, 2021

Last sale price $333,000 $275 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $2,959/month

32 Days on Market

Highlights

  • 70 Feet of Waterfront
  • Deck
  • Pool View
  • Private Pool
  • Sun or Florida Room
  • 4-minute walk to Southeast Park

About This Home

As of March 2021

*******Open House Saturday February 27th 2021 11AM-1PM*******
Waterfront, Pool Home on Huge Corner Lot! Turnkey and Completely Remodeled with NEW Roof in 2021,
NEW Kitchen (Quartz Countertops and Stainless Steel Appliances); NEW Flooring; NEW Bathrooms; Impact Glass & Shutters; Screened Patio; Large Tropical Resort-Style Backyard Great for Entertaining & Pets. Storage Shed/Pool-pump Room. Close to Shopping, Restaurants, Soccer Field & the Fern Forest Nature Center, Great for Walking, Hiking and Jogging
This Waterfront Pool Home is Move-in Ready! Must Be Seen! Won’t Last!

Last Agent to Sell the Property

John Desalvio

Charles Rutenberg Realty FTL License #3272657 Listed on: 01/25/2021

Charles Rutenberg Realty FTL

Last Buyer's Agent

Stephanie Martinez

Redfin Corporation License #3315755

Redfin Corporation

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,514

Year Built

  • Built in 1961

Lot Details

  • 8,336 Sq Ft Lot
  • 70 Feet of Waterfront
  • Home fronts a canal
  • East Facing Home
  • Fenced
  • Sprinkler System
  • Property is zoned R-1C

Parking

  • Driveway

Home Design

  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,210 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Florida or Dining Combination
  • Sun or Florida Room
  • Screened Porch
  • Utility Room
  • Vinyl Flooring
  • Pool Views

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Electric Range
  • Microwave
  • Ice Maker

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Home Security

  • Hurricane or Storm Shutters
  • Impact Glass

Pool

  • Private Pool
  • Pool Equipment or Cover

Outdoor Features

  • Deck
  • Patio
  • Shed

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • Margate Estates Sec Three Subdivision, Remodeled Floorplan

Listing and Financial Details

  • Assessor Parcel Number 494206040980

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,514

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Use Google Maps
  • Year Built: 1961
  • Architectural Style: One Story
  • Carport Y N: No
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Interior Amenities: Bedroom on Main Level, Eat-in Kitchen, Family/Dining Room, First Floor Entry, Main Level Primary, Pantry
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Appliances: Electric Range, Ice Maker, Microwave, Refrigerator, Self Cleaning Oven
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Vinyl
  • Living Area: 1210.0
  • Dining Room Type: Florida Room, Laundry, Storage Room, Utility Room
  • Window Features: Impact Glass, Other

Exterior Features

  • Exterior Features: Deck, Enclosed Porch, Fence, Patio, Shed, Storm/Security Shutters
  • View: Pool
  • Road Frontage Type: Waterfront
  • Lot Features: Sprinklers Automatic, < 1/4 Acre
  • Pool Features: In Ground, Pool Equipment, Pool, Private
  • Pool Private: Yes
  • Waterfront Features: Canal Front, Other
  • Waterfront: Yes
  • Construction Type: Block, Stucco
  • Direction Faces: East
  • Other Structures: Shed(s)
  • Patio And Porch Features: Deck, Patio, Porch, Screened
  • Property Condition: Resale, Updated/Remodeled
  • Roof: Composition, Shingle
  • FrontageLengthRemarks: 70

Garage/Parking

  • Garage Yn: No
  • Parking Features: Driveway

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Cooling: Central Air, Ceiling Fan(s), Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 494206040980
  • Lot Size Sq Ft: 8336.0
  • Zoning Description: R-1C
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 4514.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2021
Closed on
Mar 26, 2021
Sold by
Cm & J Boynton Properties Llc
Bought by
Gonzalez James and Gonzalez Savitri
Seller's Agent
John Desalvio
Charles Rutenberg Realty FTL
Buyer's Agent
Stephanie Martinez
Redfin Corporation
List Price
$384,900
Sold Price
$333,000
Premium/Discount to List
-$51,900
-13.48%
Current Estimated Value
$425,488

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$92,488
Avg. Annual Appreciation
6.28%
Original Mortgage
$266,400
Outstanding Balance
$242,762
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$193,825

Purchase Details

Closed on
Jun 22, 2020
Sold by
Irani Firdaush and Firdaush Irani Revocable Trust
Bought by
Cm & J Boynton Properties Llc

Purchase Details

Closed on
May 21, 2020
Sold by
Irani Firdaush
Bought by
Irani Firdaush

Purchase Details

Closed on
Nov 12, 2015
Sold by
Irani Firdaush K
Bought by
Irani Firdaush

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,000
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 9, 2015
Closed on
Jul 28, 2015
Sold by
Holmquist Georgette and Holmquist George
Bought by
Vandyke James
Seller's Agent
Jeffrey J. Levine
RE/MAX Services
Buyer's Agent
Jeffrey J. Levine
RE/MAX Services
List Price
$125,000
Sold Price
$113,000
Premium/Discount to List
-$12,000
-9.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.29%

Purchase Details

Closed on
Oct 24, 2006
Sold by
Sherman Robert T
Bought by
Holmquist George and Holmquist Clifford

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,100
Interest Rate
6.01%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jan 1, 2002
Sold by
Sherman Robert T and Reszel Hans D
Bought by
Sherman Robert T

Purchase Details

Closed on
Apr 1, 1997
Sold by
Sobolewski Daniel J and Sobolewski Karen J
Bought by
Sherman Robert T and Reszel Hans D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,850
Interest Rate
7.69%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 1, 1982
Sold by
Available Not
Bought by
Available Not
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
Gonzalez James $333,000 None Available
Cm & J Boynton Properties Llc $187,000 Attorney
Irani Firdaush -- Attorney
Irani Firdaush -- Independence Title Inc
Vandyke James $113,000 Attorney
Holmquist George $277,000 Hillsboro Beach Title & Escr
Sherman Robert T -- --
Sherman Robert T $82,000 --
Available Not $24,545 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gonzalez James $266,400
Previous Owner Irani Firdaush $93,000
Previous Owner Holmquist George $83,100
Previous Owner Holmquist George $193,900
Previous Owner Sherman Robert T $118,400
Previous Owner Sherman Robert T $82,850
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2021 03/29/21 Sold $333,000 -13.5% $275 / Sq Ft
02/27/2021 02/27/21 Pending -- -- --
01/25/2021 01/25/21 For Sale $384,900 +240.6% $318 / Sq Ft
07/30/2015 07/30/15 Sold $113,000 -9.6% $120 / Sq Ft
06/30/2015 06/30/15 Pending -- -- --
03/09/2015 03/09/15 For Sale $125,000 -- $133 / 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 $7,912 $353,340 $41,680 $311,660
2024 $7,570 $353,340 $41,680 $311,660
2023 $7,570 $330,100 $41,680 $288,420
2022 $7,859 $347,160 $41,680 $305,480
2021 $5,425 $234,210 $41,680 $192,530
2020 $4,815 $226,680 $41,680 $185,000
2019 $4,569 $225,270 $41,680 $183,590
2018 $3,977 $200,070 $41,680 $158,390
2017 $3,586 $148,900 $0 $0
2016 $3,180 $135,370 $0 $0
2015 $2,890 $117,760 $0 $0
2014 $2,684 $107,060 $0 $0
2013 -- $107,550 $33,340 $74,210
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    John Desalvio

    Charles Rutenberg Realty FTL

    (954) 396-3001

    1 in this area

    11 Total Sales

    John Desalvio
    Section Image
  • Jeffrey J. Levine

    Seller's Agent in 2015

    Jeffrey J. Levine

    RE/MAX

    (561) 537-0383

    45 Total Sales

    Jeffrey J. Levine
    Section Image
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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10268067

BeachesMLS (Greater Fort Lauderdale)

APN: 49-42-06-04-0980

Florida Broward County Margate 33068 Margate Estates

551 SW 50th Ave, Margate, FL

This home is located at 551 SW 50th Ave, Margate, FL 33068 since 25 January 2021 and is currently estimated at $425,488, approximately $351 per square foot. This property was built in 1961. 551 SW 50th Ave 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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