NOT LISTED FOR SALE

5561 SW 7th Place Margate, FL 33068

Margate Estates Neighborhood

Estimated Value: $502,000 - $531,000

4 Beds
2 Baths
1,662 Sq Ft
$309/Sq Ft Est. Value

Last Sold February 05, 2021

Last sale price $350,000 $211 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $3,395/month

20 Days on Market

Highlights

  • Private Pool
  • Den
  • Central Heating and Cooling System
  • Pool View
  • Ceramic Tile Flooring
  • 2 Car Garage

About This Home

As of February 2021

Charming 4 bedroom, 2 bath Margate home with a spacious 2 car garage and an extra room for a den or an office. This home has a private fenced in yard with a pool and is located on a low traffic street in a great neighborhood.

Last Agent to Sell the Property

Sean Kavanaugh

Prime Realty Services License #3514982 Listed on: 12/16/2020

Last Buyer's Agent

Ruthie Brooks

Balistreri Realty Inc 1

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,607

Year Built

  • Built in 1978

Lot Details

  • 7,504 Sq Ft Lot
  • North Facing Home
  • Fenced
  • Property is zoned R-1B

Parking

  • 2 Car Garage
  • Driveway

Home Design

  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,662 Sq Ft Home
  • 1-Story Property
  • Den
  • Ceramic Tile Flooring
  • Pool Views

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Pool

  • Private Pool

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • Serino Park Sec 3 81 46 B Subdivision

Listing and Financial Details

  • Assessor Parcel Number 494206180070

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,607

Year Built

Built in 1978

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Google
  • Year Built: 1978
  • Architectural Style: One Story
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Interior Amenities: Bedroom on Main Level, First Floor Entry, Main Level Master
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 4
  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Flooring: Ceramic Tile
  • Living Area: 1662.0
  • Dining Room Type: Den

Exterior Features

  • Exterior Features: Fence
  • View: Pool
  • Lot Features: < 1/4 Acre
  • Pool Features: In Ground, Pool
  • Pool Private: Yes
  • Waterfront: No
  • Disclosures: Pet on Property
  • Construction Type: Block
  • Direction Faces: North
  • Property Condition: Resale
  • Roof: Composition, Shingle

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Garage Yn: Yes
  • Parking Features: Driveway

Utilities

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

Condo/Co-op/Association

  • Community Features: Non-Gated, Other
  • Senior Community: No

Lot Info

  • Parcel #: 494206180070
  • Lot Size Sq Ft: 7504.0
  • Zoning Description: R-1B
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 7607.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 16, 2020
Closed on
Feb 5, 2021
Sold by
Nieves Priscilla and Waite Kevin H
Bought by
Wolfe Romame and Wolfe Cynthia
Seller's Agent
Sean Kavanaugh
Prime Realty Services
Buyer's Agent
Ruthie Brooks
Balistreri Realty Inc 1
List Price
$349,000
Sold Price
$350,000
Premium/Discount to List
$1,000
0.29%
Current Estimated Value
$500,471

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$150,471
Avg. Annual Appreciation
7.94%
Original Mortgage
$323,500
Outstanding Balance
$292,158
Interest Rate
2.6%
Mortgage Type
New Conventional
Estimated Equity
$203,041

Purchase Details

Closed on
Jul 5, 2007
Sold by
Nieves Priscilla
Bought by
Nieves Priscilla and Marrero Christie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,000
Interest Rate
8.95%
Mortgage Type
Balloon

Purchase Details

Closed on
Dec 5, 2003
Sold by
Siegel Leslie and Siegel Mariane
Bought by
Nieves Priscilla

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,919
Interest Rate
7.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 1, 1992
Sold by
Available Not
Bought by
Available Not
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Wolfe Romame $350,000 Integrity Title Inc
Nieves Priscilla $184,000 Your Title Choice Inc
Nieves Priscilla $219,900 The Closing Connection Title
Available Not $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wolfe Romame $323,500
Previous Owner Nieves Priscilla $276,000
Previous Owner Nieves Priscilla $237,500
Previous Owner Nieves Priscilla $175,919
Closed Nieves Priscilla $32,984
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/05/2021 02/05/21 Sold $350,000 +0.3% $211 / Sq Ft
01/06/2021 01/06/21 Pending -- -- --
12/16/2020 12/16/20 For Sale $349,000 -- $210 / 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 $8,018 $409,180 -- --
2024 $7,867 $397,650 -- --
2023 $7,867 $386,070 $0 $0
2022 $7,526 $374,830 $30,020 $344,810
2021 $4,544 $204,850 $0 $0
2020 $7,858 $236,160 $0 $0
2019 $7,607 $226,120 $0 $0
2018 $6,581 $220,620 $0 $0
2017 $6,211 $149,900 $0 $0
2016 $2,833 $138,940 $0 $0
2015 $2,748 $129,430 $0 $0
2014 $2,424 $120,730 $0 $0
2013 -- $131,660 $22,510 $109,150
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Sean Kavanaugh

    Prime Realty Services

    (954) 410-6229

    1 in this area

    57 Total Sales

    Section Image

  • R

    Buyer's Agent in 2021

    Ruthie Brooks

    Balistreri Realty Inc 1

  • Ruthie Brooks

    Buyer's Agent in 2021

    Ruthie Brooks

    Balistreri Real Estate Inc

    (954) 803-4174

    1 in this area

    71 Total Sales

    Section Image
See All Agents

Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10262507

BeachesMLS (Greater Fort Lauderdale)

APN: 49-42-06-18-0070

Florida Broward County Margate 33068 Margate Estates

5561 SW 7th Place, Margate, FL

This home is located at 5561 SW 7th Place, Margate, FL 33068 since 16 December 2020 and is currently estimated at $513,482, approximately $308 per square foot. This property was built in 1978. 5561 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.

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.

Nearby Homes