NOT LISTED FOR SALE

Margate, FL 33063

North Margate Neighborhood

Estimated Value: $489,286 - $619,000

4 Beds
4 Baths
2,186 Sq Ft
$250/Sq Ft Est. Value

Last Sold April 09, 2021

Last sale price $410,000 $188 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $3,616/month

3 Days on Market

Highlights

  • No HOA
  • Porch
  • Tile Flooring
  • Oversized Lot
  • Shed
  • 3-minute walk to Winfield Park

About This Home

As of April 2021

Great investment/Rare opportunity to live in 1 unit & collect rent from the other currently rented unit with great tenants for more affordability. Each side features 2 good size bedrooms, 2 bathrooms, large roofed patio, separate laundry room, new central AC units, freshly painted exterior, insulated attics, open floor plan, tiles floors through out, privacy fence. Property is located on a large comer lot on a dead end cul-de-sac in a quite neighborhood. Vacant unit sits on the north side of the property which has more land usage, privacy gate & shed. Occupied unit also shows well. Property in great condition, clean, light & tribe. NO HOA! Walk to community play ground down the street from city park. Convenient to shops, bus routes & thoroughfares and much more. See brokers remarks

Last Agent to Sell the Property

Rodolfo Miret

Suncoast Realty & Rental Mgmt License #0615665 Listed on: 03/05/2021

Last Buyer's Agent

Carlos Montoya

Fidelity Real Estate Group LLC License #0623048

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,097

Year Built

  • Built in 1971

Lot Details

  • Fenced
  • Oversized Lot

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • Shingle Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,186 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Tile Flooring

Outdoor Features

  • Shed
  • Porch

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Rent includes gardener
  • Assessor Parcel Number 484124023820

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • North Margate 1St Add Condos
  • North Margate 1St Add Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,097

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1971
  • Property Sub Type: Duplex
  • Architectural Style: Detached, Ranch
  • Directions: West in Winfield Blvd from 441 (state road 7 ) to 65th Ave and turn right to property at the end of the block on the left hand side.
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • Subdivision Name: NORTH MARGATE 1ST ADD
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 2186
  • Possible Use: Primary
  • Stories: 1

Exterior Features

  • Roof: Shingle
  • Construction Type: CBS Construction
  • Fencing: Fenced
  • Lot Features: Less Than 1/4 Acre Lot, Oversized Lot
  • Other Structures: Extra Building/Shed
  • Patio And Porch Features: Open Porch
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: NORTH MARGATE 1ST ADD
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Green Building Features: Laundry Facility
  • Cooling: Ceiling Fan(s), Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 484124023820
  • Zoning: res
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Gardener

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 5097

Multi Family

  • Number Of Units In Community: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2021
Closed on
Apr 5, 2021
Sold by
Alzate Carlos A and Herrera Carmen B
Bought by
Palavidis Panteleimon and Mallas Evangelia George
Seller's Agent
Rodolfo Miret
Suncoast Realty & Rental Mgmt
Buyer's Agent
Carlos Montoya
Fidelity Real Estate Group LLC
List Price
$400,000
Sold Price
$410,000
Premium/Discount to List
$10,000
2.5%
Current Estimated Value
$547,572

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$137,572
Avg. Annual Appreciation
6.60%
Original Mortgage
$402,573
Outstanding Balance
$367,388
Interest Rate
3%
Mortgage Type
FHA
Estimated Equity
$175,026

Purchase Details

Closed on
May 16, 2005
Sold by
Martin Robert and Martin Kathleen
Bought by
Alzate Carlos A and Herrera Carmen B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
4.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 10, 2003
Sold by
Okeefe Patrick
Bought by
Martin Robert and Martin Kathleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
5.82%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 12, 1998
Sold by
Shuemake Roberta A
Bought by
Okeefe Patrick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,816
Interest Rate
6.95%
Mortgage Type
Commercial
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
Palavidis Panteleimon $410,000 Main Street T&E Inc
Alzate Carlos A $280,000 Consolidated Title Company
Martin Robert $170,000 Equitrust Title Company
Okeefe Patrick $105,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Palavidis Panteleimon $402,573
Previous Owner Alzate Carlos A $224,000
Previous Owner Martin Robert $136,000
Previous Owner Okeefe Patrick $86,816
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/09/2021 04/09/21 Sold $410,000 +2.5% $188 / Sq Ft
03/05/2021 03/05/21 For Sale $400,000 0.0% $183 / Sq Ft
04/28/2017 04/28/17 Rented $1,300 0.0% --
04/17/2017 04/17/17 For Rent $1,300 +30.0% --
02/16/2013 02/16/13 Rented $1,000 -16.7% --
01/17/2013 01/17/13 Under Contract -- -- --
08/26/2012 08/26/12 For Rent $1,200 -- --
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 $7,584 $379,850 -- --
2024 $6,924 $375,500 -- --
2023 $6,924 $329,620 $0 $0
2022 $6,633 $320,020 $36,860 $283,160
2021 $5,563 $226,410 $0 $0
2020 $5,097 $205,830 $51,600 $154,230
2019 $4,810 $191,310 $51,600 $139,710
2018 $4,711 $216,430 $51,600 $164,830
2017 $4,371 $169,350 $0 $0
2016 $3,959 $153,960 $0 $0
2015 $3,637 $139,970 $0 $0
2014 $3,395 $127,250 $0 $0
2013 -- $122,170 $51,600 $70,570
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2021

    Rodolfo Miret

    Suncoast Realty & Rental Mgmt

    (772) 480-0977

    1 in this area

    21 Total Sales

    Rodolfo Miret
    Section Image

  • C

    Buyer's Agent in 2021

    Carlos Montoya

    Fidelity Real Estate Group LLC

See All Agents

Source: MIAMI REALTORS® MLS

MLS Number: A11008642

MIAMI REALTORS® MLS

APN: 48-41-24-02-3820

Florida Broward County Margate 33063

North Margate

This home since 05 March 2021 and is currently estimated at $547,572, approximately $250 per square foot. This property was built in 1971. This home is a home located in Broward County with nearby schools including Margate Elementary School, Margate Middle School, and Coral Springs 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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