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$475,000

Beds
3
Baths
2.0
sq ft
1,165

5561 SW 6th St, Margate, FL 33068

5561 SW 6th St

Margate, FL 33068

  • Coming soon
    • Open house Mar 01
Discover the perfect blend of comfort, style & convenience in this updated 3-bed, 2-bath home in sunny Margate. Whether for family living or investment, this property has it all—w/out HOA restrictions. The open floor plan features a chef-inspired kitchen w/ stainless steel appliances, granite countertops & a spacious island. The backyard is a private oasis w/ a state-of-the-art pool, sun ledge, hot tub & custom putting green—perfect for relaxation & entertainment. The home also boasts a newer roof (2022) and an updated AC for peace of mind. A double driveway with a carport provides ample parking. Located near Pompano Beach, Fern Forest Nature Center & DRV PNK Stadium, enjoy easy access to outdoor activities, shopping & dining. Don’t miss this opportunity—schedule your showing today!

Details

Property type

Single Family Residence

Est. home value

$415,782

Lot size

6,572 sq ft

Price per sq ft

$408

Year built

1960

Annual property taxes

$6,742

Price History

05/31/2018
Beaches

Beaches #F10120892

Sold
$275,000

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

$48,396
Asking price
$475,000
Closing costs (~8% of asking)
-$38,000
Est. remaining loan balance
-$388,604
Cash to seller
$48,396

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

February 2023

Original loan amount

$397,664

Est. remaining balance

$388,604

Interest rate

6.33%

Loan type

FHA, 30 year

Seller

Lionel Latour and Tarrica Latour

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?

Status: Coming Soon

Tomo last checked: 02/22/2025 at 5:25 PM

Listing updated: 02/19/2025 at 11:15 AM

Listed by: Brenae Robinson, LPT Realty Phone #: (877) 366-2213

MLS: Beaches #F10487291

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