tomo logo

$450,000

Beds
2
Baths
2.0
sq ft
805

1521 NW 62nd Ter, Margate, FL 33063

1521 NW 62nd Ter

Margate, FL 33063

  • 56 days on market
Great starter home in a beautifully maintained Margate neighborhood. This is a perfect place to relax and enjoy the Floridian lifestyle. This property is situated on a large corner lot with mature trees, fruit trees and plenty of shade. You'll love spending time in the backyard, and there's plenty of room to bring your boat, RV, other toys and more. NO HOA!!!

Details

Property type

Single Family Residence

Est. home value

$323,517

Lot size

8,275 sq ft

Price per sq ft

$560

Year built

1959

Annual property taxes

$4,930

Price History

10/28/2024
Beaches

Beaches #F10468320

Listed
$450,000
+50%
10/26/2022
Beaches

Beaches #F10348782

Sold
$300,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$165,878
Asking price
$450,000
Closing costs (~8% of asking)
-$36,000
Est. remaining loan balance
-$248,122
Cash to seller
$165,878

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

October 2022

Original loan amount

$255,000

Est. remaining balance

$248,122

Interest rate

5.89%

Loan type

New Conventional, 30 year

Seller

Kurt Knabbe and Liya Yuan

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 12/22/2024 at 7:55 PM

Listing updated: 12/10/2024 at 12:56 PM

Listed by: Kimberly Noah, Noah Realty Phone #: (954) 789-9659

MLS: Beaches #F10468320

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