$97,484
SOLD OCT 27, 2016

601 SW 56th Ave Margate, FL 33068

Margate Estates Neighborhood
3 Beds
2 Baths
960 Sq Ft
8,371 Sq Ft Lot

Recently Sold

$102 Per Sq Ft

10% Above List Price

57 Days on Market

Highlights

  • No HOA
  • Cooling Available
  • Tile Flooring
  • Walk-In Closet
  • Patio
  • 1-Story Property

About This Home

As of December 2020

This property is bank owned. It is sold in “as-is” condition without repairs or warranty. Buyer is responsible for verifying all information contained in this listing.

Last Agent to Sell the Property

Stephen Sibiga

MMLS Assoc.-Inactive Member License #3217607 Listed on: 06/23/2016

Last Buyer's Agent

Joshua Bloom

Meridian Trust Investments Inc License #3268682

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,361

Year Built

  • Built in 1960

Lot Details

  • 8,371 Sq Ft Lot
  • North Facing Home
  • Property is zoned R-1C

Home Design

  • Shingle Roof
  • Composition Shingle

Interior Spaces

  • 960 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Parking

  • Driveway
  • Open Parking

Outdoor Features

  • Patio

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • No Home Owners Association
  • Margate Estates Sec 1 50 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 494206020060

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,361

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1960
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, One Story
  • Directions: Head north on US-441 N ,Turn right toward SW 6th St ,Turn right onto SW 6th St .Destination will be on the right .
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Structure Type: R30-No Pool/No Water, House
  • Subdivision Name: Margate Estates Sec 1 50-
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: 4116

Interior Features

  • Interior Amenities: First Floor Entry, Split Bedroom, Walk-In Closet(s), Other
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Tile
  • Furnished: Unfurnished
  • Living Area: 960
  • Other Equipment: No Equipment
  • Possible Use: Unknown/Withheld
  • Bedroom Features: At Least 1 Bedroom Ground Level
  • Living Room Features: Other

Exterior Features

  • Roof: Shingle
  • View: None
  • Exterior Features: Other
  • Construction Type: Composition Shingle
  • Direction Faces: North
  • Lot Features: Less Than 1/4 Acre Lot
  • Patio And Porch Features: Patio
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: Margate Estates Sec 1 50-
  • Open Parking: Yes
  • Parking Features: Driveway

Utilities

  • Sewer: Other
  • Water Source: Other
  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Other
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Paved Road

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 494206020060
  • Lot Size Sq Ft: 8371
  • Zoning: R-1C
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 2361

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2020
Closed on
Dec 7, 2020
Sold by
Molina Orestes and Molina Rolando L
Bought by
Arroliga Hector Jose and Medina Tanya
Seller's Agent
Ana G. Benitez
Keller Williams Realty SW
Buyer's Agent
Eugene Dison
Florida Best Realty, Inc.
List Price
$279,900
Sold Price
$263,000
Premium/Discount to List
-$16,900
-6.04%
Current Estimated Value
$414,175

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$151,175
Avg. Annual Appreciation
10.03%
Original Mortgage
$255,183
Outstanding Balance
$227,189
Interest Rate
2.7%
Mortgage Type
FHA
Estimated Equity
$186,986

Purchase Details

Listed on
Mar 22, 2017
Closed on
Sep 1, 2017
Sold by
House Way Investment Holding Corp
Bought by
Molina Orestes J and Molina Rolando L
Seller's Agent
Carla Martinez
Jade International Realty LLC
Buyer's Agent
Nazario Monzon
Florida One Realty
List Price
$225,000
Sold Price
$215,000
Premium/Discount to List
-$10,000
-4.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.32%
Original Mortgage
$211,105
Interest Rate
3.93%
Mortgage Type
FHA

Purchase Details

Listed on
Jun 23, 2016
Closed on
Nov 2, 2016
Sold by
Wilmington Savings Fund Society Fsb
Bought by
Wythe Capital Trust Llc
Seller's Agent
Stephen Sibiga
MMLS Assoc.-Inactive Member
Buyer's Agent
Joshua Bloom
Meridian Trust Investments Inc
List Price
$89,000
Sold Price
$97,484
Premium/Discount to List
$8,484
9.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
153.59%

Purchase Details

Listed on
Jun 23, 2016
Closed on
Oct 27, 2016
Sold by
Wythe Capital Trust Llc
Bought by
House Way Investment Holding Corp
Seller's Agent
Stephen Sibiga
MMLS Assoc.-Inactive Member
Buyer's Agent
Joshua Bloom
Meridian Trust Investments Inc
List Price
$89,000
Sold Price
$97,484
Premium/Discount to List
$8,484
9.53%

Purchase Details

Listed on
Jun 23, 2016
Closed on
Oct 6, 2016
Sold by
Bank Of America Na
Bought by
Christiana Trusts
Seller's Agent
Stephen Sibiga
MMLS Assoc.-Inactive Member
Buyer's Agent
Joshua Bloom
Meridian Trust Investments Inc
List Price
$89,000
Sold Price
$97,484
Premium/Discount to List
$8,484
9.53%

Purchase Details

Listed on
Jun 23, 2016
Closed on
Oct 1, 2016
Bought by
Molina Orestes J
Seller's Agent
Stephen Sibiga
MMLS Assoc.-Inactive Member
Buyer's Agent
Joshua Bloom
Meridian Trust Investments Inc
List Price
$89,000
Sold Price
$97,484
Premium/Discount to List
$8,484
9.53%

Purchase Details

Closed on
Dec 1, 2015
Sold by
Mortgage Electronic and Eriksson Eliza B
Bought by
Bank Of America Na

Purchase Details

Closed on
Sep 27, 2006
Sold by
Eriksson Karl and Eriksson Eliza B
Bought by
Eriksson Karl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,500
Interest Rate
6.36%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 2, 2004
Sold by
Eriksson Karl and Eriksson Eliza B
Bought by
Eriksson Karl and Eriksson Eliza B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,700
Interest Rate
5.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 5, 1999
Sold by
Butler Kenneth R and Butler Beth
Bought by
Eriksson Karl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,640
Interest Rate
6.9%
Mortgage Type
VA

Purchase Details

Closed on
Oct 1, 1991
Sold by
Available Not
Bought by
Available Not
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $263,000 Preferred Title
Warranty Deed $215,000 Epic Title Group
Special Warranty Deed $77,500 None Available
Warranty Deed $110,000 None Available
Quit Claim Deed -- Premium Title Agency Inc
Deed $100 --
Trustee Deed $132,000 None Available
Interfamily Deed Transfer -- Attorney
Interfamily Deed Transfer -- --
Warranty Deed $88,000 --
Warranty Deed $62,571 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $255,183 FHA
Previous Owner $12,646 FHA
Previous Owner $211,105 FHA
Previous Owner $28,500 Credit Line Revolving
Previous Owner $228,000 Negative Amortization
Previous Owner $85,500 Credit Line Revolving
Previous Owner $137,700 New Conventional
Previous Owner $22,000 Unknown
Previous Owner $90,640 VA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2020 12/16/20 Sold $263,000 -4.4% $184 / Sq Ft
10/25/2020 10/25/20 Pending -- -- --
10/20/2020 10/20/20 Price Changed $275,000 +2.2% $192 / Sq Ft
07/20/2020 07/20/20 Price Changed $269,000 -3.9% $188 / Sq Ft
06/10/2020 06/10/20 For Sale $279,900 +6.4% $196 / Sq Ft
06/04/2020 06/04/20 Off Market $263,000 -- --
05/22/2020 05/22/20 For Sale $279,900 +6.4% $196 / Sq Ft
05/22/2020 05/22/20 Off Market $263,000 -- --
05/06/2020 05/06/20 For Sale $279,900 +6.4% $196 / Sq Ft
04/20/2020 04/20/20 Off Market $263,000 -- --
02/23/2020 02/23/20 For Sale $279,900 +30.2% $196 / Sq Ft
09/01/2017 09/01/17 Sold $215,000 0.0% $150 / Sq Ft
06/02/2017 06/02/17 Pending -- -- --
05/02/2017 05/02/17 Price Changed $215,000 -4.4% $150 / Sq Ft
05/01/2017 05/01/17 For Sale $225,000 +4.7% $157 / Sq Ft
03/29/2017 03/29/17 Off Market $215,000 -- --
03/22/2017 03/22/17 For Sale $225,000 +130.8% $157 / Sq Ft
10/27/2016 10/27/16 Sold $97,484 +9.5% $102 / Sq Ft
08/20/2016 08/20/16 Pending -- -- --
08/15/2016 08/15/16 Price Changed $89,000 0.0% $93 / Sq Ft
08/15/2016 08/15/16 For Sale $89,000 -6.3% $93 / Sq Ft
08/04/2016 08/04/16 Pending -- -- --
07/29/2016 07/29/16 For Sale $95,000 0.0% $99 / Sq Ft
07/20/2016 07/20/16 Pending -- -- --
07/13/2016 07/13/16 For Sale $95,000 0.0% $99 / Sq Ft
07/01/2016 07/01/16 Pending -- -- --
06/23/2016 06/23/16 For Sale $95,000 -- $99 / 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 $4,984 $265,520 -- --
2024 $4,882 $258,040 -- --
2023 $4,882 $250,530 $0 $0
2022 $4,661 $243,240 $0 $0
2021 $4,535 $236,160 $33,480 $202,680
2020 $3,397 $184,300 $0 $0
2019 $3,333 $180,160 $0 $0
2018 $3,342 $187,050 $33,480 $153,570
2017 $2,507 $103,400 $0 $0
2016 $3,115 $132,380 $0 $0
2015 $2,361 $84,550 $0 $0
2014 $1,991 $76,870 $0 $0
2013 -- $91,860 $25,110 $66,750
Source: Public Records

Agents Affiliated with this Home

  • Ana G. Benitez

    Seller's Agent in 2020

    Ana G. Benitez

    Keller Williams Realty SW

    (954) 874-2147

    1 in this area

    52 Total Sales

    Ana G. Benitez
    Section Image
  • Eugene Dison

    Buyer's Agent in 2020

    Eugene Dison

    Florida Best Realty, Inc.

    (718) 314-3282

    1 in this area

    25 Total Sales

    Eugene Dison
    Section Image
  • Carla Martinez

    Seller's Agent in 2017

    Carla Martinez

    Jade International Realty LLC

    (786) 999-9692

    57 Total Sales

    Carla Martinez
    Section Image

  • C

    Seller Co-Listing Agent in 2017

    Christian Silvestre

    MMLS Assoc.-Inactive Member

    Section Image
  • Nazario Monzon

    Buyer's Agent in 2017

    Nazario Monzon

    Florida One Realty

    (305) 469-0714

    9 Total Sales

    Nazario Monzon
    Section Image

  • S

    Seller's Agent in 2016

    Stephen Sibiga

    MMLS Assoc.-Inactive Member

    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10105001

MIAMI REALTORS® MLS

APN: 49-42-06-02-0060

Florida Broward County Margate 33068 Margate Estates

601 SW 56th Ave, Margate, FL

This home is located at 601 SW 56th Ave, Margate, FL 33068 and is currently priced at $97,484, approximately $101 per square foot. This property was built in 1960. 601 SW 56th Ave 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.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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