NOT LISTED FOR SALE

5531 SW 8th Ct Margate, FL 33068

Margate Estates Neighborhood

Estimated Value: $520,052 - $604,000

5 Beds
3 Baths
2,226 Sq Ft
$254/Sq Ft Est. Value

Last Sold December 29, 2021

Last sale price $420,000 $189 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $3,790/month

147 Days on Market

Highlights

  • Sun or Florida Room
  • Views
  • 1-Story Property
  • No HOA
  • Ceramic Tile Flooring
  • Central Heating and Cooling System

About This Home

As of December 2021

Open house: Saturday, 10-16-21 from 11am to 3 PM

Seller motivated to sell, Beautiful home located in residential neighborhood, Ideal for a big Family, split floor plan, 3 bed rooms on left side of the home and 2 bedrooms on the right rear of the home. Great location-must see to appreciate the layout of the home. All additions to the home were permitted with the City of Margate. The home is 2,525 Square Feet living area. The property has multiple fruit trees and big back yard-must see!

Last Agent to Sell the Property

Juan Urbina

United Realty Group Inc License #3262548 Listed on: 08/04/2021

United Realty Group Inc

Last Buyer's Agent

Gaetgens Chery

HomeSnatch Realty, LLC. License #3369256

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,975

Year Built

  • Built in 1977

Lot Details

  • 7,503 Sq Ft Lot
  • North Facing Home
  • Fenced

Parking

  • 1 Car Garage
  • Driveway
  • Open Parking

Home Design

  • Shingle Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,226 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Sun or Florida Room
  • Ceramic Tile Flooring
  • Electric Range
  • Property Views

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Additional Features

  • Exterior Lighting
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Serino Park Sec 3,Serino Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 494206180610

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,975

Year Built

Built in 1977

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1977
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, One Story
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Structure Type: R30-No Pool/No Water, House
  • Subdivision Name: SERINO PARK SEC 3,Serino Park
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Electric Range, Refrigerator
  • Interior Amenities: First Floor Entry, Family Room, Florida Room
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Flooring: Ceramic Floor
  • Furnished: Unfurnished
  • Living Area: 2226
  • Possible Use: Primary
  • Bedroom Features: Entry Level
  • Living Room Features: Family Room, Florida Room

Exterior Features

  • Roof: Shingle
  • View: Other
  • Exterior Features: Lighting
  • Construction Type: CBS Construction
  • Direction Faces: North
  • Fencing: Fenced
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: SERINO PARK SEC 3
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Open Parking: Yes
  • Parking Features: Driveway

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 494206180610
  • Lot Size Sq Ft: 7503
  • Zoning: RES
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 1975

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 13, 2024
Sold by
Lespinasse Jean Philippe Gerard
Bought by
Lespinasse Jean Philippe Ger
Current Estimated Value
$566,263

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Outstanding Balance
$79,777
Interest Rate
6.35%
Mortgage Type
Credit Line Revolving
Estimated Equity
$477,477

Purchase Details

Listed on
Aug 4, 2021
Closed on
Dec 20, 2021
Sold by
Thompson and Judith
Bought by
Lespinasse Jean Philippe Ger and Lespinasse Marie Mercedes
Seller's Agent
Juan Urbina
United Realty Group Inc
Buyer's Agent
Gaetgens Chery
HomeSnatch Realty, LLC.
List Price
$480,000
Sold Price
$420,000
Premium/Discount to List
-$60,000
-12.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.85%
Original Mortgage
$399,000
Interest Rate
3.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 14, 1997
Sold by
Newell Mark P
Bought by
Thompson Hugh and Thompson Judith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,500
Interest Rate
7.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 15, 1995
Sold by
Tutalo Janet and Newell Clarlene J
Bought by
Newell Mark P and Newell Bradley J

Purchase Details

Closed on
Apr 15, 1993
Sold by
Newell Mark P and Newell Charlene J
Bought by
Newell Charlene J
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
Lespinasse Jean Philippe Ger -- None Listed On Document
Lespinasse Jean Philippe Ger $420,000 Market Title
Thompson Hugh $90,000 --
Newell Mark P -- --
Newell Charlene J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lespinasse Jean Philippe Ger $399,000
Previous Owner Thompson Hugh $93,000
Previous Owner Thompson Hugh $85,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/29/2021 12/29/21 Sold $420,000 -6.7% $189 / Sq Ft
09/08/2021 09/08/21 Price Changed $450,000 -2.2% $202 / Sq Ft
08/27/2021 08/27/21 Price Changed $460,000 -4.2% $207 / Sq Ft
08/17/2021 08/17/21 Price Changed $480,000 0.0% $216 / Sq Ft
08/17/2021 08/17/21 For Sale $480,000 +14.3% $216 / Sq Ft
08/16/2021 08/16/21 Off Market $420,000 -- --
08/04/2021 08/04/21 For Sale $500,000 -- $225 / Sq Ft
Source: MIAMI REALTORS® MLS

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 $9,602 $440,910 $30,010 $410,900
2024 $7,822 $440,910 $30,010 $410,900
2023 $7,822 $384,030 $0 $0
2022 $7,483 $372,850 $30,010 $342,840
2021 $2,013 $120,880 $0 $0
2020 $1,975 $119,220 $0 $0
2019 $1,933 $116,540 $0 $0
2018 $1,814 $114,370 $0 $0
2017 $1,787 $112,020 $0 $0
2016 $1,701 $109,720 $0 $0
2015 $1,741 $108,960 $0 $0
2014 $1,746 $108,100 $0 $0
2013 -- $129,660 $22,510 $107,150
Source: Public Records

Agents Affiliated with this Home

  • Juan Urbina

    Seller's Agent in 2021

    Juan Urbina

    United Realty Group Inc

    (305) 753-7393

    1 in this area

    56 Total Sales

    Juan Urbina
    Section Image
  • Gaetgens Chery

    Buyer's Agent in 2021

    Gaetgens Chery

    HomeSnatch Realty, LLC.

    (954) 461-3630

    1 in this area

    4 Total Sales

    Gaetgens Chery
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11079947

MIAMI REALTORS® MLS

APN: 49-42-06-18-0610

Florida Broward County Margate 33068 Margate Estates

5531 SW 8th Ct, Margate, FL

This home is located at 5531 SW 8th Ct, Margate, FL 33068 since 04 August 2021 and is currently estimated at $566,263, approximately $254 per square foot. This property was built in 1977. 5531 SW 8th 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.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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