NOT LISTED FOR SALE

581 SW 50th Terrace Margate, FL 33068

Margate Estates Neighborhood

Estimated Value: $363,000 - $408,000

3 Beds
1 Bath
1,056 Sq Ft
$370/Sq Ft Est. Value

Sale Details

Date Sold: October 1, 2021

Last sale price $305,000 $289 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $2,547 / mo

47 Days on Market

Highlights

  • Fruit Trees
  • No HOA
  • Central Heating and Cooling System
  • Room in yard for a pool
  • Cooling System Mounted To A Wall/Window
  • 4-minute walk to Southeast Park

About This Home

As of October 2021

Welcome to this charming home in the Margate Estates! This home features 3 bedrooms/ 1 bathroom with a LARGE Backyard perfect for entertaining! Home features all accordian hurricane shutters, new floors that were put in recently, newer appliances in the kitchen. Beautiful landscaping around the home! Showings start 7/9. Come book a tour today!

Last Agent to Sell the Property

Michael Hollin

The Keyes Company License #3346759 Listed on: 07/07/2021

Co-Listed By

Amanda Zachman

MV Realty PBC LLC License #3244459

Last Buyer's Agent

Carlos Mendoza

Paragon Real Estate Solutions LLC License #3486288

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,878

Year Built

  • Built in 1971

Lot Details

  • 6,825 Sq Ft Lot
  • East Facing Home
  • Fenced
  • Fruit Trees

Interior Spaces

  • 1,056 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Room in yard for a pool
  • Outbuilding

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Wall Furnace
  • Well

Community Details

  • No Home Owners Association
  • Margate Estates Sec 2 Resub Amd Subdivision

Listing and Financial Details

  • Assessor Parcel Number 494206080150

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,878

Year Built

Built in 1971

Lot Details

6,825 Sq Ft Lot

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Head North on 441/ St Rd 7, Turn Right onto SW 9th Dr, Turn Left onto SW 51st Ave, Turn Right onto SW 6th St, Turn left onto SW 50th Ter.
  • Year Built: 1971
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • DelayedMarketingYN: No
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Interior Amenities: None
  • Main Level Bedrooms: 3
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Washer
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Entry Location: Entry Level Living Area Y
  • Living Area: 1056.0
  • Stories: 1

Exterior Features

  • Exterior Features: Room For Pool
  • Fencing: Fenced
  • Lot Features: Fruit Trees, < 1/4 Acre
  • Pool Private: No
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block
  • Direction Faces: East
  • Other Structures: Outbuilding
  • Property Condition: Resale

Garage/Parking

  • Garage Yn: No

Utilities

  • Cooling: Central Air, Ceiling Fan(s), Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Central, Wall Furnace
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Well

Condo/Co-op/Association

  • Senior Community: No
  • Amenities: None
  • Association: No
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 494206080150
  • Lot Size Acres: 0.16
  • Lot Size Sq Ft: 6969.6
  • Mobile Dim Units: Feet
  • Zoning: RES

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 3877.54

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2021
Closed on
Oct 1, 2021
Sold by
Terrero Jimmy
Bought by
Garcia Omar
Seller's Agent
Michael Hollin
The Keyes Company
Buyer's Agent
Carlos Mendoza
Paragon Real Estate Solutions LLC
List Price
$334,900
Sold Price
$305,000
Premium/Discount to List
-$29,900
-8.93%
Current Estimated Value
$390,250

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,250
Avg. Annual Appreciation
5.57%
Original Mortgage
$299,475
Outstanding Balance
$270,113
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$120,137

Purchase Details

Listed on
Feb 13, 2018
Closed on
Mar 29, 2018
Sold by
Brown Sophia and Murphy Matthew
Bought by
Terrero Jimmy
Seller's Agent
Rae Marotto
LoKation
List Price
$220,000
Sold Price
$222,500
Premium/Discount to List
$2,500
1.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.40%
Original Mortgage
$227,283
Interest Rate
4.43%
Mortgage Type
VA

Purchase Details

Listed on
Sep 8, 2014
Closed on
Oct 27, 2014
Sold by
Chiarizio Martin and Chiarizio Alevtyna Mihaylovna
Bought by
Brown Sopiifhoyn and Carlson Laurene
Seller's Agent
Carlos Caicedo
RE/MAX Direct
Buyer's Agent
Regina Butler
MMLS Assoc.-Inactive Member
List Price
$145,000
Sold Price
$145,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.34%
Original Mortgage
$142,373
Interest Rate
4.37%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 29, 2012
Sold by
Chiarizio Martin and Chiarizio Alevtyna Mihaylovna
Bought by
Chiarizio Martin and Chiarizio Alevtyna Mihaylovna

Purchase Details

Closed on
Mar 5, 2002
Sold by
Chiarizio Martin and Chiarizio Maria
Bought by
Chiarizio Martin

Purchase Details

Closed on
Sep 1, 1988
Sold by
Available Not
Bought by
Available Not
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Garcia Omar $305,000 American Title Solutions
Terrero Jimmy $222,500 Supreme Title & Escrow Inc
Brown Sopiifhoyn $145,000 Attorney
Chiarizio Martin $36,000 Attorney
Chiarizio Martin -- --
Available Not $49,893 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garcia Omar $299,475
Previous Owner Terrero Jimmy $227,283
Previous Owner Brown Sopiifhoyn $142,373
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/01/2021 10/01/21 Sold $305,000 -8.9% $289 / Sq Ft
09/01/2021 09/01/21 Pending -- -- --
07/07/2021 07/07/21 For Sale $334,900 +50.5% $317 / Sq Ft
03/29/2018 03/29/18 Sold $222,500 +1.1% $211 / Sq Ft View Prior Sale
01/25/2018 01/25/18 For Sale $220,000 +51.7% $208 / Sq Ft
10/27/2014 10/27/14 Sold $145,000 0.0% $137 / Sq Ft View Prior Sale
09/27/2014 09/27/14 Pending -- -- --
09/08/2014 09/08/14 For Sale $145,000 -- $137 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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 $5,713 $293,160 $68,250 $224,910
2025 $6,474 $282,890 $27,300 $255,590
2024 $6,088 $282,890 $27,300 $255,590
2023 $6,088 $262,800 $27,300 $235,500
2022 $6,095 $266,140 $27,300 $238,840
2021 $3,945 $209,190 $0 $0
2020 $4,807 $206,310 $27,300 $179,010
2019 $4,653 $197,810 $27,300 $170,510
2018 $3,037 $173,680 $0 $0
2017 $2,859 $162,200 $0 $0
2016 $2,711 $154,880 $0 $0
2015 $3,340 $137,670 $0 $0
2014 $1,137 $81,620 $0 $0
2013 -- $116,570 $20,480 $96,090
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Michael Hollin

    The Keyes Company

    (561) 354-2114

    1 in this area

    3 Total Sales

    Michael Hollin
    Section Image

  • A

    Seller Co-Listing Agent in 2021

    Amanda Zachman

    MV Realty PBC LLC

    (561) 270-6816

    1 in this area

    217 Total Sales

    Amanda Zachman
    Section Image

  • C

    Buyer's Agent in 2021

    Carlos Mendoza

    Paragon Real Estate Solutions LLC

    (954) 558-8552

    1 in this area

    26 Total Sales

    Carlos Mendoza
    Section Image

  • R

    Seller's Agent in 2018

    Rae Marotto

    LoKation Real Estate

    (954) 688-5400

    10 Total Sales

    Rae Marotto
    Section Image
  • Carlos Caicedo

    Seller's Agent in 2014

    Carlos Caicedo

    RE/MAX

    (754) 368-0783

    87 Total Sales

    Carlos Caicedo
    Section Image

  • R

    Buyer's Agent in 2014

    Regina Butler

    MMLS Assoc.-Inactive Member

    Section Image
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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10729332

BeachesMLS (Greater Fort Lauderdale)

APN: 49-42-06-08-0150

Florida Broward County Margate 33068 Margate Estates

581 SW 50th Terrace, Margate, FL

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 2026 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.

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