NOT LISTED FOR SALE

985 SW 50th Way Margate, FL 33068

Margate Estates Neighborhood

Estimated Value: $434,764 - $490,000

2 Beds
2 Baths
1,534 Sq Ft
$302/Sq Ft Est. Value

Last Sold September 17, 2021

Last sale price $345,000 $225 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $3,036/month

5 Days on Market

Highlights

  • Home fronts a canal
  • Formal Dining Room
  • Patio
  • Community Pool
  • Circular Driveway
  • Laundry Room

About This Home

As of September 2021

Don't miss out on this "Move-In Ready" water view home with an oversized lot. This home is located in a private cul-de-sac street, perfect for the kids to play and has a large circular driveway with garage. The home features beautiful front bay window, spacious living room, separate dining room, kitchen eating area, separate laundry room, spacious bedrooms with new wood-like flooring, updated bathrooms, covered patio. The spacious back yard has plenty of room for a pool. Hurricane accordion shutters and panels. A/C and Roof in excellent condition.

Last Agent to Sell the Property

Andrew Velez

RE/MAX Select Group License #3360502 Listed on: 08/12/2021

RE/MAX Select Group

Last Buyer's Agent

Gary Golob

United Realty Group Inc License #3058012

United Realty Group Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $970

Year Built

  • Built in 1973

Lot Details

  • 8,450 Sq Ft Lot
  • Home fronts a canal
  • East Facing Home
  • Property is zoned R-1C

HOA Fees

  • $21 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Garage Door Opener
  • Circular Driveway
  • On-Street Parking

Home Design

  • Flat Roof Shape
  • Shingle Roof
  • Tile Roof
  • Composition Roof

Interior Spaces

  • 1,534 Sq Ft Home
  • 1-Story Property
  • Formal Dining Room
  • Utility Room
  • Canal Views

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Patio

Schools

  • Liberty Elementary School
  • Margate Middle School
  • Coconut Crk High School

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 494206090260

Community Details

Overview

  • Oakland Hills 1St Sec 74 Subdivision

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$970

Year Built

Built in 1973

Lot Details

0

HOA Fees

$21 per month

Parking

1

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: 441 to SW 11th Street to SW 51st Ave to SW 10th CT to SW 50th Ter to SW 50th Way. Home is on the right.
  • Year Built: 1973
  • Architectural Style: One Story
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Interior Amenities: Bedroom on Main Level, Dining Area, Separate/Formal Dining Room, First Floor Entry, Kitchen/Dining Combo
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Appliances: Dryer, Dishwasher, Electric Range, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Laminate, Tile
  • Living Area: 1534.0
  • Dining Room Type: Laundry, Utility Room

Exterior Features

  • Exterior Features: Lighting, Patio
  • View: Canal
  • Road Frontage Type: Waterfront
  • Lot Features: < 1/4 Acre
  • Pool Features: None, Community
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Canal Front, Other
  • Waterfront: Yes
  • Construction Type: Block
  • Direction Faces: East
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Composition, Flat, Shingle, Tile

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Garage Yn: Yes
  • Parking Features: Circular Driveway, Driveway, On Street, Garage Door Opener

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 250.0
  • Community Features: Non-Gated, Pool
  • Senior Community: No
  • Association Fee Frequency: Annually
  • Pets Allowed: No Pet Restrictions, Yes

Schools

  • Elementary School: Liberty
  • High School: Coconut Crk High
  • Middle Or Junior School: Margate Middle

Lot Info

  • Parcel #: 494206090260
  • Lot Size Sq Ft: 8450.0
  • Zoning Description: R-1C
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 970.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2021
Closed on
Sep 22, 2021
Sold by
Phillips William L
Bought by
Phillips Todd M
Seller's Agent
Andrew Velez
RE/MAX Select Group
Buyer's Agent
Gary Golob
United Realty Group Inc
List Price
$345,000
Sold Price
$345,000
Current Estimated Value
$460,949

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$115,949
Avg. Annual Appreciation
7.84%
Original Mortgage
$338,751
Outstanding Balance
$312,242
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$150,449

Purchase Details

Listed on
Aug 12, 2021
Closed on
Sep 17, 2021
Sold by
Phillips Todd M and Estate Of William L Phillips
Bought by
Vazquez Antonio
Seller's Agent
Andrew Velez
RE/MAX Select Group
Buyer's Agent
Gary Golob
United Realty Group Inc
List Price
$345,000
Sold Price
$345,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$338,751
Outstanding Balance
$312,242
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$150,449

Purchase Details

Closed on
May 21, 2008
Sold by
Phillips William L and Phillips Dianna J
Bought by
Phillips William L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Interest Rate
3.82%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Apr 1, 1989
Sold by
Available Not
Bought by
Available Not
Source: Public Records

Range of Values:

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Average Value
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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
Phillips Todd M -- --
Vazquez Antonio $345,000 South Florida Title Assc Llc
Phillips William L -- S & S Title Partners
Available Not $65,607 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vazquez Antonio $338,751
Previous Owner Phillips William L $345,000
Previous Owner Phillips Larry $98,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/17/2021 09/17/21 Sold $345,000 0.0% $225 / Sq Ft
08/18/2021 08/18/21 Pending -- -- --
08/12/2021 08/12/21 For Sale $345,000 -- $225 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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 $5,636 $296,380 -- --
2024 $5,523 $288,030 -- --
2023 $5,523 $279,650 $0 $0
2022 $5,276 $271,510 $42,250 $229,260
2021 $986 $112,160 $0 $0
2020 $970 $110,620 $0 $0
2019 $1,006 $108,140 $0 $0
2018 $1,170 $106,130 $0 $0
2017 $1,145 $103,950 $0 $0
2016 $1,200 $101,820 $0 $0
2015 $1,226 $101,120 $0 $0
2014 $1,230 $100,320 $0 $0
2013 -- $99,110 $33,800 $65,310
Source: Public Records

Agents Affiliated with this Home

  • Andrew Velez

    Seller's Agent in 2021

    Andrew Velez

    RE/MAX

    (954) 729-3568

    2 in this area

    92 Total Sales

    Section Image
  • Gary Golob

    Buyer's Agent in 2021

    Gary Golob

    United Realty Group Inc

    (954) 729-8884

    1 in this area

    89 Total Sales

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10296834

BeachesMLS (Greater Fort Lauderdale)

APN: 49-42-06-09-0260

Florida Broward County Margate 33068 Margate Estates

985 SW 50th Way, Margate, FL

This home is located at 985 SW 50th Way, Margate, FL 33068 since 12 August 2021 and is currently estimated at $462,691, approximately $301 per square foot. This property was built in 1973. 985 SW 50th Way 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.

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 2025 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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