NOT LISTED FOR SALE

7201 SW 1st St Margate, FL 33068

Fair Gate Neighborhood

Estimated Value: $476,000 - $534,000

4 Beds
2 Baths
1,699 Sq Ft
$300/Sq Ft Est. Value

Last Sold March 27, 2020

Last sale price $291,000 $171 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $3,265/month

144 Days on Market

Highlights

  • 24,694 Sq Ft lot
  • Room in yard for a pool
  • No HOA
  • Home fronts a canal
  • Great Room
  • 3-minute walk to Veterans Memorial Park

About This Home

As of March 2020

REMODELED FRUIT PARADISE. Single-family home in quiet Margate neighborhood. RARE FIND with over 1/2 acre lot and many fruit trees. This one-level residence features 4 bedrooms, 2 bathrooms, 1-car garage and easy-care tile flooring throughout. NEW AC system in 2017. MODERN TECHNOLOGY includes remote security cameras, Ring Doorbell and Nest Thermostat. Hurricane impact windows (hurricane panels available if needed).

It has been seller's vacation home for the last few years. All furniture can stay with the right offer.

Information herein is deemed reliable and subject to errors, omissions, and changes without notice. All measurements are approximate and should be independently verified.

Last Agent to Sell the Property

Phong Luu

First World Realty Group,LLC License #3362115 Listed on: 08/25/2019

Last Buyer's Agent

Ernesto Viera

Modern World Realty License #3404776

Modern World Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,308

Year Built

  • Built in 1977

Lot Details

  • 0.57 Acre Lot
  • Home fronts a canal
  • South Facing Home

Parking

  • 1 Car Attached Garage
  • Driveway
  • Open Parking

Home Design

  • Concrete Block With Brick
  • Shingle Roof
  • Composition Shingle

Interior Spaces

  • 1,699 Sq Ft Home
  • 1-Story Property
  • Partially Furnished
  • Ceiling Fan
  • Great Room
  • Ceramic Tile Flooring
  • Canal Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Security System Leased
  • High Impact Door

Pool

  • Room in yard for a pool

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Oriole Margate Sec 5 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 484135060770

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,308

Year Built

Built in 1977

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1977
  • Property Sub Type: Single Family Residence
  • Architectural Style: Attached, One Story
  • Directions: From ATLANTIC BLVD and ROCK ISLAND ROAD: - Head SOUTH on ROCK ISLAND to SOUTHGATE BLVD - Make a RIGHT to SW 73RD TER - Make a RIGHT to SW 1st ST MAKE A RIGHT to the END - PROPERTY is on your LEFT
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Structure Type: R30-No Pool/No Water, House
  • Subdivision Name: ORIOLE MARGATE SEC 5
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dryer, Electric Water Heater, Refrigerator, Washer
  • Interior Amenities: First Floor Entry, Great Room
  • Spa Yn: No
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Door Features: High Impact Doors
  • Flooring: Ceramic Floor
  • Furnished: Partially Furnished
  • Living Area: 1699
  • Possible Use: Primary
  • Bedroom Features: At Least 1 Bedroom Ground Level, Entry Level, Master Bedroom Ground Level
  • Living Room Features: Great Room

Exterior Features

  • Roof: Shingle
  • View: Canal
  • Exterior Features: Fruit Trees, Room For Pool
  • Construction Type: Concrete Block With Brick, Composition Shingle
  • Direction Faces: South
  • Lot Features: 1/2 To Less Than 3/4 Acre Lot
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Canal Front
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: ORIOLE MARGATE SEC 5
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Open Parking: Yes
  • Parking Features: Covered, Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Ceiling Fan(s), Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Security: Security System Leased

Condo/Co-op/Association

  • Association: No
  • Community Features: Public Road

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 484135060770
  • Lot Size Sq Ft: 24694
  • Zoning: RES
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 3308

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2019
Closed on
Mar 2, 2020
Sold by
Cao Hai and Huynh Minh
Bought by
Clarke Garth and Mahbub Majeda
Seller's Agent
Phong Luu
First World Realty Group,LLC
Buyer's Agent
Ernesto Viera
Modern World Realty
List Price
$315,000
Sold Price
$291,000
Premium/Discount to List
-$24,000
-7.62%
Current Estimated Value
$503,672

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$212,672
Avg. Annual Appreciation
11.00%
Original Mortgage
$276,450
Outstanding Balance
$247,015
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$262,063

Purchase Details

Closed on
Jan 29, 2016
Sold by
Nguyen Minh Tho
Bought by
Cao Hai and Huynh Minh

Purchase Details

Closed on
Mar 15, 1994
Sold by
Berkheimer Randy L and Berkheimer Karen J
Bought by
Nguyen Minh Tho

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
6.97%

Purchase Details

Closed on
Sep 22, 1993
Sold by
Berkheimer Karen J and Berkheimer Randy L
Bought by
Berkheimer Randy L
Source: Public Records

Range of Values:

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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
Clarke Garth $291,000 Attorney S Ttl Partners Inc
Cao Hai $170,000 Title Partners Of S Fl Inc
Nguyen Minh Tho $81,500 --
Berkheimer Randy L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Clarke Garth $276,450
Previous Owner Nguyen Tho $100,000
Previous Owner Nguyen Minh Tho T $43,000
Previous Owner Nguyen Minh Tho $55,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/27/2020 03/27/20 Sold $291,000 -7.6% $171 / Sq Ft
01/15/2020 01/15/20 Pending -- -- --
08/24/2019 08/24/19 For Sale $315,000 -- $185 / 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 $5,802 $304,280 -- --
2024 $5,687 $295,710 -- --
2023 $5,687 $287,100 $0 $0
2022 $5,434 $278,740 $0 $0
2021 $5,289 $270,630 $62,960 $207,670
2020 $3,593 $193,280 $0 $0
2019 $3,526 $188,940 $0 $0
2018 $3,308 $185,420 $62,960 $122,460
2017 $3,711 $159,800 $0 $0
2016 $2,153 $130,390 $0 $0
2015 $2,205 $129,490 $0 $0
2014 $1,888 $128,470 $0 $0
2013 -- $130,810 $53,430 $77,380
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2020

    Phong Luu

    First World Realty Group,LLC

    Section Image

  • E

    Buyer's Agent in 2020

    Ernesto Viera

    Modern World Realty

    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10728777

MIAMI REALTORS® MLS

APN: 48-41-35-06-0770

Florida Broward County Margate 33068 Fair Gate

7201 SW 1st St, Margate, FL

This home is located at 7201 SW 1st St, Margate, FL 33068 since 25 August 2019 and is currently estimated at $509,078, approximately $299 per square foot. This property was built in 1977. 7201 SW 1st St is a home located in Broward County with nearby schools including Morrow Elementary School, Silver Lakes 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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