NOT LISTED FOR SALE

Estimated Value: $369,000 - $457,000

2 Beds
1 Bath
875 Sq Ft
$452/Sq Ft Est. Value

Last Sold August 31, 2021

Last sale price $316,999 $362 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $2,689/month

27 Days on Market

Highlights

  • Built in 2011 | Newly Remodeled
  • High Impact Door
  • 1-Story Property
  • No HOA
  • Tile Flooring
  • 1 Attached Carport Space

About This Home

As of August 2021

Charming 2 bedroom 1 bathroom Single Family Home in Margate. Quiet neighborhood with no HOA sitting on an 7500 square ft lot. Home is close to SR 7 and Atlantic Blvd. Very close to supermarkets, shops and restaurants. Plenty of space for a pool and to expand the home. Make us an offer!

Last Agent to Sell the Property

Armando Delgado

LPT Realty, LLC License #3320544 Listed on: 06/27/2021

LPT Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,437

Year Built

  • Built in 2011 | Newly Remodeled

Lot Details

  • 7,500 Sq Ft Lot
  • Northwest Facing Home
  • Fenced

Parking

  • 1 Attached Carport Space

Home Design

  • Shingle Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 875 Sq Ft Home
  • 1-Story Property
  • Tile Flooring
  • High Impact Door

Kitchen

  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Margate 1St Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 484125010150

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,437

Year Built

Built in 2011 | Newly Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 2011
  • Property Sub Type: Single Family Residence
  • Architectural Style: Attached, One Story
  • Carport Y N: Yes
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Structure Type: R30-No Pool/No Water, House
  • Subdivision Name: MARGATE 1ST ADD
  • Year Built Details: New Construction
  • MIAMIRE_PoolYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Ice Maker, Microwave, Electric Range, Refrigerator, Washer
  • Interior Amenities: First Floor Entry, Other
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: High Impact Doors
  • Flooring: Tile
  • Furnished: Unfurnished
  • Living Area: 875
  • Possible Use: Primary
  • Bedroom Features: Entry Level
  • Living Room Features: Other

Exterior Features

  • Roof: Shingle
  • View: None, Other
  • Construction Type: CBS Construction
  • Direction Faces: Northwest
  • Fencing: Fenced
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • Property Condition: New Construction
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: MARGATE 1ST ADD
  • Carport Spaces: 1
  • Covered Parking Spaces: 1
  • Parking Features: Attached Carport, Other

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 484125010150
  • Lot Size Sq Ft: 7500
  • Zoning: Residential
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 1437

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2021
Closed on
Aug 23, 2021
Sold by
Peacock Terry L and Francis Samantha
Bought by
Olusola Akintunde Oluwafemi and Ojesanmi Martha
Seller's Agent
Armando Delgado
LPT Realty, LLC
List Price
$295,999
Sold Price
$316,999
Premium/Discount to List
$21,000
7.09%
Current Estimated Value
$395,570

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,571
Avg. Annual Appreciation
5.16%
Original Mortgage
$311,257
Outstanding Balance
$280,285
Interest Rate
2.7%
Mortgage Type
FHA
Estimated Equity
$115,285

Purchase Details

Closed on
Oct 25, 2011
Sold by
City Of Margate
Bought by
Peacock Terry L and Francis Samantha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,769
Interest Rate
5.5%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 31, 2010
Sold by
Fannie Mae
Bought by
City Of Margate

Purchase Details

Closed on
Dec 14, 2009
Sold by
Newman Philip J
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Mar 14, 2007
Sold by
Lyons Robert Thomas
Bought by
Newman Philip J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$21,500
Interest Rate
6.01%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 1, 1987
Sold by
Available Not
Bought by
Available Not
Source: Public Records
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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
Olusola Akintunde Oluwafemi $317,000 Alliance T&E Group Llc
Peacock Terry L $88,000 Town & Country Title Guarant
City Of Margate $59,900 Attorney
Federal National Mortgage Association -- Attorney
Newman Philip J $215,000 Allstate Title Agency Inc
Available Not $51,071 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Olusola Akintunde Oluwafemi $311,257
Previous Owner Peacock Terry L $85,769
Previous Owner Newman Philip J $21,500
Previous Owner Newman Philip J $172,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2021 08/31/21 Sold $316,999 +7.1% $362 / Sq Ft
07/14/2021 07/14/21 Pending -- -- --
06/17/2021 06/17/21 For Sale $295,999 -- $338 / 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
2026 $7,617 $338,530 $33,750 $304,780
2025 $5,632 $326,580 $33,750 $292,830
2024 $5,519 $287,850 $33,750 $245,720
2023 $5,519 $279,470 $33,750 $245,720
2022 $6,882 $302,280 $33,750 $268,530
2021 $1,467 $95,940 $0 $0
2020 $1,437 $94,620 $0 $0
2019 $1,404 $92,500 $0 $0
2018 $1,318 $90,780 $0 $0
2017 $1,294 $88,920 $0 $0
2016 $1,208 $87,100 $0 $0
2015 $1,233 $86,500 $0 $0
2014 $1,234 $85,820 $0 $0
2013 -- $84,560 $30,000 $54,560
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11060151

MIAMI REALTORS® MLS

APN: 48-41-25-01-0150