NOT LISTED FOR SALE

5540 SW 7th Place Margate, FL 33068

Margate Estates Neighborhood

Estimated Value: $451,517 - $543,000

5 Beds
2 Baths
1,726 Sq Ft
$292/Sq Ft Est. Value

Last Sold June 05, 2019

Last sale price $259,000 $150 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $3,069/month

9 Days on Market

Highlights

  • Sun or Florida Room
  • Circular Driveway
  • Walk-In Closet
  • No HOA
  • Porch
  • Tile Flooring

About This Home

As of June 2019

Beautiful home located in Margate. Priced to sell well below current recent sales. Property is in excellent condition and features updated kitchen, new floors, newer applicanes and much more. House is well situated on a large private lot. Property is currently leased for $2299.00 per month, tenant is month to month buyer is responsible for giving tenant a notice. Perfect home for investors or owner occupants. No FHA.

Last Agent to Sell the Property

John DeMarco

RE/MAX 5 Star Realty License #3134747 Listed on: 03/06/2019

RE/MAX 5 Star Realty

Last Buyer's Agent

Rachelle Perotte

Real Estate Runway Inc License #3301614

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,454

Year Built

  • Built in 1980

Lot Details

  • 7,505 Sq Ft Lot
  • North Facing Home

Parking

  • 2 Car Garage
  • Circular Driveway
  • Open Parking

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,726 Sq Ft Home
  • 1-Story Property
  • Sun or Florida Room
  • Tile Flooring

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • Porch
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Serino Park Sec 3 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 494206180250

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,454

Year Built

Built in 1980

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1980
  • 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
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Washer
  • Interior Amenities: First Floor Entry, Walk-In Closet(s), Florida Room
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Flooring: Tile
  • Furnished: Unfurnished
  • Living Area: 1726
  • Possible Use: Primary
  • Bedroom Features: Entry Level
  • Living Room Features: Florida Room

Exterior Features

  • Roof: Other
  • View: None
  • Construction Type: CBS Construction
  • Direction Faces: North
  • Lot Features: Less Than 1/4 Acre Lot
  • Patio And Porch Features: Open Porch
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: SERINO PARK SEC 3
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: Circular 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: 494206180250
  • Lot Size Sq Ft: 7505
  • Zoning: R-1
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 4454

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2019
Closed on
Jun 3, 2019
Sold by
A & K Properties 9 Llc
Bought by
Dady Florvilus Jasmin and Dady Adam
Seller's Agent
John DeMarco
RE/MAX 5 Star Realty
Buyer's Agent
Rachelle Perotte
Real Estate Runway Inc
List Price
$259,000
Sold Price
$259,000
Current Estimated Value
$503,629

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$244,629
Avg. Annual Appreciation
10.02%
Original Mortgage
$251,230
Outstanding Balance
$223,165
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$249,900

Purchase Details

Closed on
Dec 14, 2010
Sold by
Chotailal Rookesh and Vargas Sandra
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Nov 3, 2006
Sold by
Chotailal Ramchand
Bought by
Chotailal Rookesh and Vargas Sandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
6.25%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 25, 2005
Sold by
Sosh Terry A and Schwartz Susan
Bought by
Chotailal Ramchand

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,600
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 1, 1986
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
Dady Florvilus Jasmin $259,000 Attorney
Aurora Loan Services Llc -- None Available
Chotailal Rookesh $335,000 Intercoastal Title Svcs Inc
Chotailal Ramchand $247,000 Suncoast First Title
Available Not $7,142 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dady Florvilus Jasmin $251,230
Previous Owner Chotailal Rookesh $35,000
Previous Owner Chotailal Rookesh $251,250
Previous Owner Chotailal Ramchand $197,600
Closed Chotailal Ramchand $49,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/05/2019 06/05/19 Sold $259,000 0.0% $150 / Sq Ft
03/15/2019 03/15/19 Pending -- -- --
03/06/2019 03/06/19 For Sale $259,000 -- $150 / 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 $4,925 $262,750 -- --
2024 $7,839 $255,350 $30,020 $340,300
2023 $7,839 $342,320 $30,020 $312,300
2022 $4,606 $240,700 $0 $0
2021 $4,481 $233,690 $0 $0
2020 $4,405 $230,470 $30,020 $200,450
2019 $4,959 $262,060 $30,020 $232,040
2018 $4,454 $255,220 $30,020 $225,200
2017 $3,954 $156,610 $0 $0
2016 $3,511 $142,380 $0 $0
2015 $3,376 $129,440 $0 $0
2014 $2,928 $117,680 $0 $0
2013 -- $121,180 $22,520 $98,660
Source: Public Records

Agents Affiliated with this Home

  • John DeMarco

    Seller's Agent in 2019

    John DeMarco

    RE/MAX

    (954) 453-1004

    1 in this area

    215 Total Sales

    John DeMarco
    Section Image
  • Rachelle Perotte

    Buyer's Agent in 2019

    Rachelle Perotte

    Real Estate Runway Inc

    (305) 778-5128

    9 Total Sales

    Rachelle Perotte
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10634549

MIAMI REALTORS® MLS

APN: 49-42-06-18-0250

Florida Broward County Margate 33068 Margate Estates

5540 SW 7th Place, Margate, FL

This home is located at 5540 SW 7th Place, Margate, FL 33068 since 06 March 2019 and is currently estimated at $503,629, approximately $291 per square foot. This property was built in 1980. 5540 SW 7th Place 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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