NOT LISTED FOR SALE

Estimated Value: $511,000 - $661,000

-- Bed
4 Baths
2,150 Sq Ft
$276/Sq Ft Est. Value

Last Sold October 24, 2018

Last sale price $340,200 $158 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $4,033/month

11 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • 1-Story Property
  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • 3-minute walk to George Mudd Playground

About This Home

As of October 2018

Time to see your money grow. This multi-unit property offers 5 bedrooms and 4 full bathrooms in 4 separate units. Tile throughout and lots of parking space. Once you have made some updates and enhancements to the property you may be able to earn rental income

Last Agent to Sell the Property

Tiara Shareef

MMLS Assoc.-Inactive Member License #3398448 Listed on: 09/13/2018

Last Buyer's Agent

Non-Member Mls Agent

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,589

Year Built

  • Built in 1958

Lot Details

  • 7,841

Parking

  • 4 Parking Spaces

Home Design

  • Quadruplex
  • Shingle Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,150 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available

Community Details

  • No Home Owners Association
  • 4 Units
  • Margate 3Rd Add Condos
  • Margate 3Rd Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 484125030770

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,589

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1958
  • Property Sub Type: Quadruplex
  • Architectural Style: Ranch
  • Directions: From south-west on US-441 S towards Park Dr ,Turn right onto Park Dr ,Turn left onto NW 10th St .Destination will be on the left.
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Quadruplex, Fourplex
  • Subdivision Name: MARGATE 3RD ADD
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: 5184
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 2150
  • Possible Use: Unknown/Withheld
  • Stories: 1

Exterior Features

  • Roof: Shingle
  • Construction Type: CBS Construction
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: MARGATE 3RD ADD
  • Total Parking Spaces: 4

Utilities

  • Sewer: Other
  • Water Source: Other
  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Other
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 484125030770
  • Zoning: RES
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 4589

Multi Family

  • Number Of Units In Community: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2018
Closed on
Oct 25, 2018
Sold by
Cruise Robin and Chow How Nicole S
Bought by
2 Mk Margate Inc
Seller's Agent
Tiara Shareef
MMLS Assoc.-Inactive Member
Buyer's Agent
Non-Member Mls Agent
List Price
$344,500
Sold Price
$340,200
Premium/Discount to List
-$4,300
-1.25%
Current Estimated Value
$593,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$253,133
Avg. Annual Appreciation
8.26%

Purchase Details

Listed on
Sep 13, 2018
Closed on
Oct 17, 2018
Sold by
The Bank Of New York Mellon
Bought by
Cruise Robin and Chow How Nicole S
Seller's Agent
Tiara Shareef
MMLS Assoc.-Inactive Member
Buyer's Agent
Non-Member Mls Agent
List Price
$344,500
Sold Price
$340,200
Premium/Discount to List
-$4,300
-1.25%

Purchase Details

Closed on
Mar 13, 2018
Sold by
Singh Danny
Bought by
The Bank Of New York Mellon and The Holders Of The Bear Stearns Alt A Tr

Purchase Details

Closed on
Aug 5, 2002
Sold by
Veltri Joseph and Veltri Angela
Bought by
Singh Danny

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
6.53%
Mortgage Type
Commercial
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 Buyer Sale Price Title Company
2 Mk Margate Inc -- None Available
Cruise Robin $324,000 Premium Title Services Fl In
The Bank Of New York Mellon $295,100 None Available
Singh Danny $195,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Singh Danny $156,000
Closed Singh Danny $19,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/24/2018 10/24/18 Sold $340,200 -1.2% $158 / Sq Ft
09/24/2018 09/24/18 Pending -- -- --
09/13/2018 09/13/18 For Sale $344,500 -- $160 / 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 $11,054 $495,730 $35,330 $460,400
2024 $10,787 $453,350 $35,330 $418,020
2023 $10,787 $435,300 $35,330 $399,970
2022 $10,016 $403,090 $0 $0
2021 $9,357 $366,450 $0 $0
2020 $8,492 $335,270 $54,960 $280,310
2019 $7,865 $302,860 $54,960 $247,900
2018 $5,162 $219,760 $54,960 $164,800
2017 $4,589 $158,760 $0 $0
2016 $4,840 $174,730 $0 $0
2015 $4,529 $158,850 $0 $0
2014 $4,247 $144,410 $0 $0
2013 -- $139,350 $54,960 $84,390
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10537321

MIAMI REALTORS® MLS

APN: 48-41-25-03-0770