$262,500
SOLD DEC 28, 2021

571 Banks Rd Margate, FL 33063

2 Beds
2 Baths
986 Sq Ft
2,614 Sq Ft Lot

Recently Sold

$266 Per Sq Ft

91% Below List Price

95 Days on Market

Highlights

  • Lake Front
  • Screened Porch
  • Arched Windows
  • Clubhouse
  • Breakfast Area or Nook
  • 4-minute walk to Lakewood Park

About This Home

As of December 2021

Corner unit villa with wide great lake vies, washer and dryer in unit, 2 parking spots in front of unit. Upgraded bathrooms Easy to show on combo lock box, Vacant. ALL AGES OK

Last Agent to Sell the Property

April Sick

Coral Shores Realty License #3159122 Listed on: 08/24/2021

Coral Shores Realty

Last Buyer's Agent

April Sick

Coral Shores Realty Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,106

Year Built

  • Built in 1981

Lot Details

  • Lake Front
  • East Facing Home

HOA Fees

  • $168 Monthly HOA Fees

Parking

  • Over 1 Space Per Unit

Home Design

  • Villa
  • Property Attached

Interior Spaces

  • 986 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Arched Windows
  • Sliding Windows
  • Combination Dining and Living Room
  • Screened Porch
  • Utility Room
  • Lake Views

Kitchen

  • Breakfast Area or Nook
  • Electric Range
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Washer and Dryer

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 484231140060

Community Details

Overview

  • Association fees include amenities, common areas, legal/accounting, ground maintenance, maintenance structure, pool(s), recreation facilities
  • Woodland Isles Subdivision

Amenities

  • Clubhouse

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,106

Year Built

Built in 1981

Lot Details

0

HOA Fees

$168 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Villa
  • Property Sub Type Additional: Villa
  • Directions: W Atlantic to Banks rd, go north about a mile to Woodland Estates, make left, west into complex, make the first left inside complex,Woodland Isles, unit is on west side facing the lake, can park on unit in front of unit 571
  • Year Built: 1981
  • Carport Y N: No
  • Entry Level: 1
  • Property Attached Yn: Yes
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Bedroom on Main Level, Breakfast Area, First Floor Entry, Living/Dining Room, Main Level Master
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Furnished: Unfurnished
  • Appliances: Dryer, Electric Range, Electric Water Heater, Disposal, Refrigerator, Washer/Dryer, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Carpet, Ceramic Tile
  • Living Area: 986.0
  • Dining Room Type: Laundry, Utility Room
  • Stories: 1
  • Window Features: Arched, Sliding

Exterior Features

  • Exterior Features: Enclosed Porch
  • View: Lake
  • View: Yes
  • Waterfront Features: Lake Front
  • Waterfront: Yes
  • Construction Type: Block
  • Direction Faces: East
  • Patio And Porch Features: Porch, Screened
  • Property Condition: Resale

Garage/Parking

  • Garage Yn: No
  • Parking Features: Two or More Spaces

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 503.0
  • Community Features: Non-Gated
  • Senior Community: No
  • Amenities: Clubhouse
  • Association #2 Fee: 503.0
  • Association Fee Frequency: Quarterly
  • Pets Allowed: Size Limit, Yes

Fee Information

  • Association Fee Includes: Amenities, Common Areas, Legal/Accounting, Maintenance Grounds, Maintenance Structure, Pool(s), Recreation Facilities

Lot Info

  • Parcel #: 484231140060

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 1106.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2021
Closed on
Dec 20, 2021
Sold by
Forgea Dolly and Wade Lisa
Bought by
Allick Fields Latanya
Seller's Agent
April Sick
Coral Shores Realty
Buyer's Agent
April Sick
Coral Shores Realty Inc
List Price
$2,889,900
Sold Price
$262,500
Premium/Discount to List
-$2,627,400
-90.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.59%
Original Mortgage
$259,708
Outstanding Balance
$241,813
Interest Rate
3.12%
Mortgage Type
FHA
Estimated Equity
$98,726

Purchase Details

Closed on
Apr 17, 2001
Sold by
Available Not
Bought by
Available Not

Purchase Details

Closed on
Jun 3, 1998
Sold by
Available Not
Bought by
Available Not

Purchase Details

Closed on
Mar 8, 1996
Sold by
Meneses Pacencia
Bought by
Artman Lisa and Lauritzen Dolly

Purchase Details

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

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $264,500 Homepartners Title Svcs Llc
Quit Claim Deed $10,000 --
Quit Claim Deed $10,000 --
Quit Claim Deed $100 --
Special Warranty Deed $47,143 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $259,708 FHA
Previous Owner $219,000 Reverse Mortgage Home Equity Conversion Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2025 07/21/25 For Sale $350,000 0.0% $355 / Sq Ft
05/13/2025 05/13/25 Off Market $350,000 -- --
01/09/2025 01/09/25 For Sale $350,000 +33.3% $355 / Sq Ft
12/28/2021 12/28/21 Sold $262,500 -90.9% $266 / Sq Ft
11/28/2021 11/28/21 Pending -- -- --
08/24/2021 08/24/21 For Sale $2,889,900 -- $2,931 / 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 $5,180 $271,240 $22,270 $248,970
2024 $5,075 $267,080 $22,270 $237,040
2023 $5,075 $259,310 $22,270 $237,040
2022 $5,345 $231,700 $22,270 $209,430
2021 $1,131 $80,580 $0 $0
2020 $1,106 $79,470 $0 $0
2019 $1,078 $77,690 $0 $0
2018 $1,012 $76,250 $0 $0
2017 $995 $74,690 $0 $0
2016 $931 $73,160 $0 $0
2015 $630 $72,660 $0 $0
2014 $638 $72,090 $0 $0
2013 -- $83,120 $19,470 $63,650
Source: Public Records

Agents Affiliated with this Home

  • Tericka Greenwood

    Seller's Agent in 2025

    Tericka Greenwood

    First World Realty Group,LLC

    (954) 899-3309

    15 Total Sales

    Tericka Greenwood
    Section Image

  • A

    Seller's Agent in 2021

    April Sick

    Coral Shores Realty

    (954) 568-9698

    4 Total Sales

    April Sick
    Section Image

  • A

    Buyer's Agent in 2021

    April Sick

    Coral Shores Realty Inc

See All Agents

Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10298042

BeachesMLS (Greater Fort Lauderdale)

APN: 48-42-31-14-0060

Florida Broward County Margate 33063

571 Banks Rd, Margate, FL

This home is located at 571 Banks Rd, Margate, FL 33063 and is currently priced at $262,500, approximately $266 per square foot. This property was built in 1981. 571 Banks Rd 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.

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