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$575,000

Beds
4
Baths
3.0
sq ft
2,887

802 NW 69th Ter, Margate, FL 33063

802 NW 69th Ter

Margate, FL 33063

  • 55 days on market
    • Price drop $25,000↓
Experience waterfront canal living at its finest, watching the boats ride by on the Stranahan River. This expansive single-story home on nearly 1/4 acre boasts a spacious split floor plan, ideal for comfortable living and entertaining. With TWO luxurious primary suites, each featuring its own jacuzzi tub, it's perfect for multi-generational families. The home offers 3 generously sized bedrooms plus an extra room that can serve as an office or an additional bedroom. Enjoy the true Florida lifestyle with a lush backyard filled with fruit trees, plenty of space for a pool, and unbeatable canal views, complete with a brand-new dock. Recently upgraded with a BRAND NEW roof, gutters, exterior paint, and AC units. No HOA--bring your boats and trucks! Plus, an assumable FHA loan.

Details

Property type

Single Family Residence

Est. home value

$542,441

Property condition

Fixer

Lot size

9,402 sq ft

Price per sq ft

$200

Year built

1973

Annual property taxes

$7,409

Price History

08/22/2024
Beaches

Beaches #R11007200

Price change
$575,000
-4.17%
08/07/2024
Beaches

Beaches #R11007200

Price change
$600,000
-4%
07/25/2024
Beaches

Beaches #R11007200

Listed
$625,000
+119.3%

Schools & Community

Elementary school: 

Ashe; Bowman F.

Middle school: 

Margate Middle

High school: 

Coconut Crk High

Community features: 

Sidewalks

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

$190,472
Asking price
$575,000
Closing costs (~8% of asking)
-$46,000
Est. remaining loan balance
-$338,528
Cash to seller
$190,472

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

Seller’s Loan History

Lender

Freedom Mortgage Corp

Loan start date

March 2021

Original loan amount

$367,317

Est. remaining balance

$338,528

Interest rate

2.79%

Loan type

FHA, 30 year

Seller

Reginald E Wright and Mithleshwarie Wright

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: 09/17/2024 at 11:45 PM

Listing updated: 09/15/2024 at 8:21 AM

Listed by: Tiana Ponti Morales, Real Broker, LLC Phone #: (407) 279-0038

MLS: Beaches #R11007200

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