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$205,000

Beds
2
Baths
2.0
sq ft
1,110

7431 NW 1st St Unit 308, Margate, FL 33063

7431 NW 1st St Unit 308

Margate, FL 33063

  • 103 days on market
    • Price drop $10,000↓
Amazing, Remodeled Corner 2/2 unit offers: Split Floor Plan, Huge Screened Balcony, Additional Storage, Private Washer/dryer, Designer Kitchen, Brand New Stainless Steel Appliances, Granite Counters with Full Backsplash, Large Walk-in Closet in the master bedroom, and so much more... Conveniently located next to shops, restaurants and public transportation, this condo has everything you need to enjoy a year-round living or seasonal vacationing. Relax on the balcony with a lovely view of the lake, enjoy the community amenities: swimming pool (by the building), tennis court, billiards etc., or take a short ride to the popular and booming Pompano Beach. Palm Lakes is a pet friendly community where ONLY ONE (1) owner has to be 55+.

Details

Property type

Condominium

Est. home value

$161,634

Lot size

Unknown

Price per sq ft

$185

Year built

1980

Annual property taxes

$3,579

Monthly HOA fee

$678

Price History

10/17/2024
Beaches

Beaches #F10460438

Price change
$205,000
-4.65%
09/10/2024
Beaches

Beaches #F10460438

Listed
$215,000
-4.44%
04/04/2024
Beaches

Beaches #F10416677

Removed
$225,000

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

$81,723
Asking price
$205,000
Closing costs (~8% of asking)
-$16,400
Est. remaining loan balance
-$106,877
Cash to seller
$81,723

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

Seller’s Loan History

Lender

C & R Mortgage

Loan start date

May 2022

Original loan amount

$112,000

Est. remaining balance

$106,877

Interest rate

4.16%

Loan type

New Conventional, 30 year

Seller

Grigory Grosfiler and Nataliya Dranishcheva

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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7340 NW 18th St Unit 205, Margate, FL 33063

Status: Active

Tomo last checked: 12/22/2024 at 10:40 AM

Listing updated: 12/10/2024 at 12:53 PM

Listed by: Marsha Umansky, Prag Realtors Phone #: (954) 580-0447

MLS: Beaches #F10460438

Beaches logo

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