NOT LISTED FOR SALE

5606 Coral Lake Dr Unit 106 Margate, FL 33063

Coral Lake Neighborhood

Estimated Value: $165,093 - $190,000

2 Beds
2 Baths
990 Sq Ft
$222/mo HOA Fee

Last Sold January 03, 2022

Last sale price $130,000 $131 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $1,253/month

54 Days on Market

Highlights

  • Lake Front
  • Main Floor Primary Bedroom
  • Tile Flooring
  • Senior Community
  • Community Pool
  • 5-minute walk to Coral Gate Park

About This Home

As of January 2022

GREAT 2 BEDROOM UNIT ON THE 1ST FLOOR. THIS IS A WELL MAINTAINED UNIT WITH A GREAT LAYOUT. THE MASTER BEDROOM IS SPACIOUS AND HAS 3 CLOSETS WITH PLENTY OF SPACE. THE MASTER ALSO HAS A GREAT VIEW OF THE LAKE AND THE GREEN AREA. ALSO RELAX AND UNWIND IN YOUR PRIVATE ENCLOSED TERRACE WITH WONDERFUL WATER VIEWS AS WELL. THE KITCHEN IS SPACIOUS AND THE LIVING AREA IS COZY. COME OVER AND VISIT!!

Last Agent to Sell the Property

Armando Palma

Palma Realty Group License #3165997 Listed on: 09/16/2021

Last Buyer's Agent

Armando Palma

Palma Realty Group License #3165997 Listed on: 09/16/2021

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $774

Year Built

  • Built in 1979

Lot Details

  • Lake Front
  • North Facing Home

HOA Fees

  • $222 Monthly HOA Fees

Interior Spaces

  • 990 Sq Ft Home
  • 3-Story Property
  • Tile Flooring
  • Lake Views

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Parking

  • Guest Parking
  • Assigned Parking

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 484219AA0060

Community Details

Overview

  • Senior Community
  • Low-Rise Condominium
  • Coral Gate 1 Condos
  • Coral Gate 1 Condo Subdivision

Recreation

  • Community Pool

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$774

Year Built

Built in 1979

Lot Details

0

HOA Fees

$222 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1979
  • Property Sub Type: Condominium
  • Entry Level: 1
  • Garage Yn: No
  • Horses: No
  • Inclusions: None
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 1-4 Stories, Condo
  • Subdivision Name: CORAL GATE 1 CONDO
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Other Equipment/Appliances
  • Interior Amenities: First Floor Entry
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Tile
  • Furnished: Unfurnished
  • Living Area: 990
  • Possible Use: Unknown/Withheld
  • Stories: 3
  • Bedroom Features: At Least 1 Bedroom Ground Level, Master Bedroom Ground Level

Exterior Features

  • View: Lake
  • Exterior Features: Other
  • Direction Faces: North
  • Patio And Porch Features: Screened Porch
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Lake
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: CORAL GATE 1
  • Parking Features: Assigned, Guest, Other

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Security: No Security

Condo/Co-op/Association

  • Association Fee: 222
  • Amenities: Other, Pool
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Senior Community: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 484219AA0060
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: No

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 774

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2021
Closed on
Jan 3, 2022
Sold by
Ismael Flores
Bought by
Delgado Isaura and Delgado Roberto
Seller's Agent
Armando Palma
Palma Realty Group
Buyer's Agent
Armando Palma
Palma Realty Group
List Price
$149,997
Sold Price
$130,000
Premium/Discount to List
-$19,997
-13.33%
Current Estimated Value
$177,773

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,773
Avg. Annual Appreciation
9.05%

Purchase Details

Closed on
Sep 24, 2003
Sold by
Flores Marianne and Flores Ismael
Bought by
Flores Ismael and Flores Marianne

Purchase Details

Closed on
Oct 9, 1995
Sold by
Pondell Barry and Pondell Angela
Bought by
Flores Marianne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,150
Interest Rate
7.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 8, 1994
Sold by
Papaleo Lisa A
Bought by
Pondell Barry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,600
Interest Rate
9.01%

Purchase Details

Closed on
Apr 21, 1994
Sold by
Roode William and Roode Carol
Bought by
Papaleo Lisa A
Source: Public Records

Range of Values:

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Average Value
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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
Delgado Isaura $130,000 Mery Lopez Pa
Flores Ismael -- --
Flores Marianne $53,500 --
Pondell Barry $54,000 --
Papaleo Lisa A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Flores Ismael $83,000
Previous Owner Flores Marianne $48,150
Previous Owner Pondell Barry $48,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/03/2022 01/03/22 Sold $130,000 -13.3% $131 / Sq Ft
11/09/2021 11/09/21 Pending -- -- --
09/16/2021 09/16/21 For Sale $149,997 -- $152 / 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 $591 $64,010 -- --
2024 $923 $62,210 -- --
2023 $923 $60,400 $0 $0
2022 $3,154 $130,720 $13,070 $117,650
2021 $789 $47,690 $0 $0
2020 $774 $47,040 $0 $0
2019 $754 $45,990 $0 $0
2018 $716 $45,140 $0 $0
2017 $702 $44,220 $0 $0
2016 $617 $43,320 $0 $0
2015 $624 $43,020 $0 $0
2014 $622 $42,680 $0 $0
2013 -- $48,040 $4,800 $43,240
Source: Public Records

Agents Affiliated with this Home

  • Armando Palma

    Seller's Agent in 2022

    Armando Palma

    RE/MAX

    (305) 510-0002

    1 in this area

    44 Total Sales

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11099697

MIAMI REALTORS® MLS

APN: 48-42-19-AA-0060

Florida Broward County Margate 33063 Coral Lake

5606 Coral Lake Dr Unit 106, Margate, FL

This home is located at 5606 Coral Lake Dr Unit 106, Margate, FL 33063 since 16 September 2021 and is currently estimated at $177,773, approximately $179 per square foot. This property was built in 1979. 5606 Coral Lake Dr Unit 106 is a home located in Broward County with nearby schools including Liberty Elementary School, Margate Middle School, and Monarch 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.

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