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$198,000

Beds
2
Baths
2.0
sq ft
1,110

7340 Lake Circle Dr Unit 201, Margate, FL 33063

7340 Lake Circle Dr Unit 201

Margate, FL 33063

  • 3 days on market
WELCOME HOME TO THIS VIBRANT AND ACTIVE 55+ COMMUNITY. MOVE IN READY, UPGRADED 2 BEDROOM 2 BATH CORNER UNIT ON 2ND FLOOR. BEAUTIFUL SERENE VIEWS FROM YOUR VERY LARGE TILED BALCONY WITH ROLL-UP SHUTTERS. ALL WINDOWS ARE HURRICANE IMPACT WITH HURRICANE SHUTTERS AS WELL. KITCHEN HAS STAINLESS STEEL APPLIANCES AND TONS OF CABINET SPACE. UNIT FEATURES OVERSIZED WASHER AND DRYER. WALK TO THE GROCERY STORE, RESTAURANTS, AND BANK. PET FRIENDLY COMMUNITY ALLOWS 2 PETS UNDER 20 LBS. COMMUNITY FEATURES 2 POOLS, TENNIS COURT, SAUNA, EXCERCISE ROOM, AND SHUFFLE BOARD.

Details

Property type

Condominium

Est. home value

$193,993

Lot size

Unknown

Price per sq ft

$179

Year built

1979

Annual property taxes

$2,053

Monthly HOA fee

$772

Price History

01/29/2025
Beaches

Beaches #F10481717

Listed
$198,000
+39.44%
06/01/2021
Beaches

Beaches #F10281967

Sold
$142,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Senior community center: 

Yes

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

$55,100
Asking price
$198,000
Closing costs (~8% of asking)
-$15,840
Est. remaining loan balance
-$127,060
Cash to seller
$55,100

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

Seller’s Loan History

Lender

Quicken Loans Llc

Loan start date

May 2021

Original loan amount

$137,740

Est. remaining balance

$127,060

Interest rate

3.18%

Loan type

New Conventional, 30 year

Seller

Tyrone Thomas Sr and Connie Thomas

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: Active

Tomo last checked: 01/31/2025 at 10:50 PM

Listing updated: 01/30/2025 at 6:35 PM

Listed by: Laura V Brudzinski, VantaSure Realty LLC Phone #: (954) 461-5734

MLS: Beaches #F10481717

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