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$425,000

Beds
3
Baths
2.0
sq ft
1,311

621 SW 50th Ter, Margate, FL 33068

621 SW 50th Ter

Margate, FL 33068

  • 5 days on market
One of the lowest price for this single family Home. No HOA. Property has new roof!. Florida Room in the back was enclosed and is rented as an studio. It has 1 bathroom and a kitchenet. The studio can be opened back to connect with the rest of the house ,as original floor plan . Cover patio to enjoy outdoor living. Main house has 3 bedrooms and 1 bathroom . House features new paint, new washer and dryer and some updates in the kitchen. Room on the side to have a boat and/or an RV. High impact windows. room for a pool .

Details

Property type

Single Family Residence

Est. home value

$370,023

Lot size

6,500 sq ft

Price per sq ft

$325

Year built

1972

Annual property taxes

$4,097

Price History

01/28/2025
Beaches

Beaches #F10483668

Listed
$425,000
+28.83%
10/14/2022
SEF

SEF #A11257343

Sold
$329,900

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

$77,152
Asking price
$425,000
Closing costs (~8% of asking)
-$34,000
Est. remaining loan balance
-$313,848
Cash to seller
$77,152

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

Seller’s Loan History

Lender

Mega Capital Funding Inc

Loan start date

October 2022

Original loan amount

$323,924

Est. remaining balance

$313,848

Interest rate

5.55%

Loan type

FHA, 30 year

Seller

Rene Enriquez

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: 02/02/2025 at 9:30 AM

Listing updated: 02/01/2025 at 6:10 PM

Listed by: Maria Duval, RE/MAX FIRST Phone #: (954) 900-2120

MLS: Beaches #F10483668

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