Alan Alcala
STX Realty LLC
(954) 807-3193
112 Total Sales
1 in Fair Gate
$435,000 Price
681 Kathy Ln Margate, FL 33068
Fair Gate NeighborhoodEstimated Value: $716,000 - $862,000
8
Beds
4
Baths
3,609
Sq Ft
$220/Sq Ft
Est. Value
Highlights
- No HOA
- Central Heating and Cooling System
- 1-Story Property
- Tile Flooring
About This Home
As of August 2022Amazing Find! Updated 4 Plex In The Heart Margate. All Units Are 2 Bedroom 1 Bath With Tile Flooring, Central A/C, Separate Electric & Parking. Large Storage Room Is Currently Rented At $40 A Month & Has Washer /Dryer Hookups For Potential Additional Income With Coin Operated Laundry. Rents Are Below Market And Can Be Increased. Current Gross Income Is $70,680 With Cap Rate 7%+/-. Potential Income Is Around $87,000 Plus Potential Cap Rate Of 9%+/-. Annual Expenses Are $15,489. Expenses Include Taxes: $8,018 Landscaping: $480 Insurance: $2,743 Water: $2760 Trash: $1,488. Projected Net Income: $71,871. Property Is Perfect For Owner Occupant Or Investor. This Is A Must See!
Last Agent to Sell the Property
Fidelity Real Estate Group LLC License #0623048 Listed on: 07/06/2022
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,352
Year Built
- Built in 1972
Home Design
- Quadruplex
- Shingle Roof
- Composition Roof
Interior Spaces
- 3,609 Sq Ft Home
- 1-Story Property
- Blinds
- Tile Flooring
Utilities
- Central Heating and Cooling System
- Separate Meters
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 494101091734
Community Details
Overview
- No Home Owners Association
- Association fees include hot water, ground maintenance, sewer, trash, water
- 4 Units
- Kimberly Forest 68 31 B Subdivision
Building Details
- Operating Expense $15,489
- Net Operating Income $55,191
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 6, 2022
Closed on
Aug 12, 2022
Sold by
Demetriou Alec Neophytos and Demetriou Victor
Bought by
Seller's Agent
Carlos Montoya
Fidelity Real Estate Group LLC
Buyer's Agent
Federico Martin
Coldwell Banker Realty
List Price
$789,000
Sold Price
$725,000
Premium/Discount to List
-$64,000
-8.11%
Views
30
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,175
Avg. Annual Appreciation
2.28%
Purchase Details
Closed on
Jan 30, 2022
Sold by
Ansari Rustam
Bought by
Demetriou Alec and Demetriou Victor
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
3.45%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 28, 2022
Sold by
Deen Safiya and Rustam Munaf
Bought by
Demetriou Alec Neophytos and Demetriou Victor
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
3.45%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 29, 2007
Sold by
Rustam Rehana and Rustam Bibi R
Bought by
Rustam Rehana
Purchase Details
Closed on
Oct 14, 1997
Sold by
Slew Daywhotee
Bought by
Rustam Mohamed H and Rustam Rehana
Purchase Details
Closed on
Jun 1, 1989
Sold by
Available Not
Bought by
Available Not
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Fair Gate, FL
-
Alan Alcala
-
Rose Pierre Toussaint
Rose Pierre Toussaint
Preferred Properties Int'l Rea
(561) 782-0164
28 Total Sales
2 in Fair Gate
$314,000 Price Range
-
Gonzalo Riesgo
Gonzalo Riesgo
LoKation
(866) 839-1722
35 Total Sales
1 in Fair Gate
$349,000 Price
-
Catherine Barbre
Catherine Barbre
The Keyes Company
(772) 879-5308
21 Total Sales
1 in Fair Gate
$315,000 Price
-
Albert Lee
Albert Lee
Broward Realty Partners
(754) 354-4655
45 Total Sales
2 in Fair Gate
$501,000 Price Range
-
Diane Umbarila
Diane Umbarila
EXP Realty
(561) 375-5499
26 Total Sales
2 in Fair Gate
$501,100 Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $725,000 | Express Title Services | ||
| Demetriou Alec | $556,000 | Express Title Services | |
| Demetriou Alec Neophytos | -- | Express Title Services | |
| Rustam Rehana | -- | Attorney | |
| Rustam Mohamed H | $137,000 | -- | |
| Available Not | $7,857 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | -- | $417,000 | |
| Previous Owner | Rustam Bibi Rehana | $40,000 | |
| Previous Owner | Rustam Mohamed H | $123,420 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/16/2022 08/16/22 | Sold | $725,000 | -8.1% | $201 / Sq Ft |
| 07/26/2022 07/26/22 | Pending | -- | -- | -- |
| 07/06/2022 07/06/22 | For Sale | $789,000 | -- | $219 / Sq Ft |
Source: BeachesMLS (Greater Fort Lauderdale)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $15,631 | $698,770 | $36,300 | $662,470 |
| 2025 | $15,045 | $667,030 | $36,300 | $630,730 |
| 2024 | $15,229 | $636,970 | $36,300 | $600,670 |
| 2023 | $15,229 | $636,970 | $36,300 | $600,670 |
| 2022 | $9,132 | $335,940 | $0 | $0 |
| 2021 | $8,352 | $305,400 | $0 | $0 |
| 2020 | $7,784 | $357,300 | $27,230 | $330,070 |
| 2019 | $7,394 | $347,280 | $27,230 | $320,050 |
| 2018 | $6,502 | $303,850 | $27,230 | $276,620 |
| 2017 | $6,019 | $208,600 | $0 | $0 |
| 2016 | $5,391 | $189,640 | $0 | $0 |
| 2015 | $4,994 | $172,400 | $0 | $0 |
| 2014 | $4,646 | $156,730 | $0 | $0 |
| 2013 | -- | $163,360 | $27,230 | $136,130 |
Source: Public Records
Agents Affiliated with this Home
-
Carlos Montoya
Seller's Agent in 2022
Carlos Montoya
Fidelity Real Estate Group LLC
(954) 345-9144
1 in this area
126 Total Sales
-
Natasha Q Realtor
NQ
Seller Co-Listing Agent in 2022
Natasha Q Realtor
Fidelity Real Estate Group LLC
(954) 345-9144
1 in this area
57 Total Sales
-
Federico Martin
Buyer's Agent in 2022
Federico Martin
Coldwell Banker Realty
(954) 274-0928
1 in this area
11 Total Sales
Map
Source: BeachesMLS (Greater Fort Lauderdale)
MLS Number: F10338268
APN: 49-41-01-09-1734
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.
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.
Nearby Homes
- 6800 SW 7th Place
- 7103 SW 3rd Ct
- 6520 SW 7th Ct
- 6990 SW 1st Ct
- 7508 SW 6th Ct
- 6981 SW 1st Ct
- 7513 SW 7th St
- 6990 SW 1st St
- 6711 S Parkway Dr Unit 210
- 906 SW 74th Ave
- 7501 Kimberly Blvd Unit 116
- 7501 Kimberly Blvd Unit 104
- 7520 SW 6th Ct
- 7430 Kimberly Blvd Unit 102D
- 7481 SW 10th Ct Unit 202C
- 7471 SW 10th Ct Unit 102D
- 7523 SW 7th Place
- 521 SW 63rd Terrace
- 511 SW 63rd Terrace
- 671 Kathy Ln Unit B
- 671 Kathy Ln Unit D
- 671 Kathy Ln
- 661 Kathy Ln
- 651 Kathy Ln
- 691 Kathy Ln
- 641 Kathy Ln Unit A
- 641 Kathy Ln Unit B
- 641 Kathy Ln
- 6945 SW 7th St
- 677 Kathy Ct
- 6951-6957 SW 7th St
- 6943 SW 7th St Unit 1-4
- 6947 SW 7th St
- 6951 SW 7th St
- 661 Kathy Ct
- 651 Kathy Ct
- 653 Kathy Ct
- 631 Kathy Ln Unit D
- 631 Kathy Ln
Your Personal Tour Guide
Ask me questions while you tour the home.