NOT LISTED FOR SALE

551 SW 62nd Way Margate, FL 33068

Fair Gate Neighborhood

Estimated Value: $498,000 - $539,000

4 Beds
2 Baths
1,835 Sq Ft
$283/Sq Ft Est. Value

Last Sold June 28, 2015

Last sale price $205,000 $112 Per Sq Ft

Est. 153% increase in value since last sale

Current estimated payment $3,177/month

261 Days on Market

Highlights

  • Newly Remodeled
  • Fruit Trees
  • Tile Flooring
  • Private Pool
  • Converted Garage
  • 3-minute walk to Shoster Nature Preserve

About This Home

As of June 2015

No offer bellow the listing price will be entertained by the lender....

Last Agent to Sell the Property

Cesar Perez

CAP Realty License #3126442 Listed on: 09/09/2014

Last Buyer's Agent

Alejandra Perez

United Realty Group Inc License #3211164

United Realty Group Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,668

Year Built

  • Built in 1972 | Newly Remodeled

Lot Details

  • East Facing Home
  • Fenced
  • Fruit Trees

Home Design

  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,835 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Tile Flooring

Kitchen

  • Electric Range
  • Microwave

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • Converted Garage
  • Driveway

Additional Features

  • Private Pool
  • Central Heating and Cooling System

Community Details

  • Kimberly Forest Sec 2 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 494101161450

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,668

Year Built

Built in 1972 | Newly Remodeled

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Year Built: 1972
  • Architectural Style: Detached, One Story
  • Carport Y N: No
  • New Construction: Yes
  • Building Stories: 1
  • Year Built Details: New Construction
  • Special Features: 14
  • Stories: 1

Interior Features

  • Interior Amenities: First Floor Entry, Main Level Master
  • Appliances: Electric Range, Microwave, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Flooring: Tile
  • Living Area: 1835.0
  • Dining Room Type: Converted Garage, Family Room

Exterior Features

  • Exterior Features: Barbecue, Fence, Fruit Trees
  • View: Other
  • Lot Features: < 1/4 Acre
  • Pool Features: In Ground, Pool
  • Pool Private: Yes
  • Waterfront: No
  • Construction Type: Block
  • Direction Faces: East
  • Property Condition: New Construction
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Yn: No
  • Parking Features: 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

  • Senior Community: No

Lot Info

  • Parcel #: 494101161450

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 1668.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2014
Closed on
Jun 25, 2015
Sold by
Defran Mary Y and Defran Edward
Bought by
Castro Santiago Pedro Manuel and Castro Santiago Frances Y
Seller's Agent
Cesar Perez
CAP Realty
Buyer's Agent
Alejandra Perez
United Realty Group Inc
List Price
$200,000
Sold Price
$205,000
Premium/Discount to List
$5,000
2.5%
Current Estimated Value
$518,940

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$313,940
Avg. Annual Appreciation
9.59%
Original Mortgage
$201,286
Interest Rate
4.62%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 9, 2006
Sold by
Defran Mary Y and Defran Edward
Bought by
Defran Edward and Defran Mary Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,750
Interest Rate
7.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 27, 2000
Sold by
N & M Properties Inc
Bought by
Bautista Mercedes

Purchase Details

Closed on
Aug 20, 1999
Sold by
Imc Mortgage Co
Bought by
N & M Properties Inc

Purchase Details

Closed on
May 31, 1999
Sold by
Clerk Of The Court
Bought by
Imc Mortgage Co

Purchase Details

Closed on
Feb 25, 1998
Sold by
Rogers Eileen
Bought by
Rogers Eileen and Taylor Kay F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,500
Interest Rate
6.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 11, 1997
Sold by
Sec Of Hud
Bought by
Rogers Eileen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,500
Interest Rate
7.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 14, 1997
Sold by
Countrywide Home Loans Inc
Bought by
Sec Of Hud

Purchase Details

Closed on
May 8, 1997
Sold by
Clerk Of The Court
Bought by
Countrywide Home Loans Inc
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
Castro Santiago Pedro Manuel $205,000 Attorney
Defran Edward -- Consolidated Title Company
Bautista Mercedes $122,400 --
N & M Properties Inc $80,000 --
Imc Mortgage Co $100 --
Rogers Eileen -- --
Rogers Eileen $105,000 --
Sec Of Hud -- --
Countrywide Home Loans Inc $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Castro Pedro M $231,500
Closed Castro Santiago Pedro Manuel $201,286
Previous Owner Defran Edward $263,000
Previous Owner Defran Edward $204,750
Previous Owner Defran Mary Y $142,000
Previous Owner Countrywide Home Loans Inc $94,500
Previous Owner Countrywide Home Loans Inc $94,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2015 06/28/15 Sold $205,000 +2.5% $112 / Sq Ft
05/29/2015 05/29/15 Pending -- -- --
09/09/2014 09/09/14 For Sale $200,000 -- $109 / 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 $4,256 $231,080 -- --
2024 $4,166 $224,570 -- --
2023 $4,166 $218,030 $0 $0
2022 $3,974 $211,680 $0 $0
2021 $3,865 $205,520 $0 $0
2020 $3,798 $202,690 $0 $0
2019 $3,729 $198,140 $0 $0
2018 $3,498 $194,450 $0 $0
2017 $3,462 $190,460 $0 $0
2016 $3,379 $186,550 $0 $0
2015 $5,210 $220,320 $0 $0
2014 $1,901 $114,850 $0 $0
2013 -- $155,120 $33,960 $121,160
Source: Public Records

Agents Affiliated with this Home

  • Cesar Perez

    Seller's Agent in 2015

    Cesar Perez

    CAP Realty

    (954) 501-7515

    21 Total Sales

    Cesar Perez
    Section Image

  • A

    Buyer's Agent in 2015

    Alejandra Perez

    United Realty Group Inc

    (786) 486-8401

    1 Total Sale

    Alejandra Perez
    Section Image
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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F1306929

BeachesMLS (Greater Fort Lauderdale)

APN: 49-41-01-16-1450

Florida Broward County Margate 33068 Fair Gate

551 SW 62nd Way, Margate, FL

This home is located at 551 SW 62nd Way, Margate, FL 33068 since 09 September 2014 and is currently estimated at $518,940, approximately $282 per square foot. This property was built in 1972. 551 SW 62nd Way is a home located in Broward County with nearby schools including Atlantic West 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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