3 months on rocket

691 Kathy Ln, Margate, FL, 33068

$1,300,000

Home List Price

$10,000*

Closing Credit

0 Baths
3,773 SqFt
$345/SqFt
Multi
Schools Nearby

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

691 Kathy Ln, Margate$1,300,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeQuadruplex
Year Built1972
HeatingCentral
CoolingCentral Air, Ceiling Fan(s)
MLS #A11521137
StatusActive

About 691 Kathy Ln

Don't miss out on this incredible opportunity! This Fourplex in Margate offers a corner unit and is being sold as is, making it perfect for investors. With separate electric meters and a proven track record of generating income, this property is a cash cow. The current rent in the area can reach $2000, ensuring a steady stream of revenue. The roof was replaced in 2005, and each unit boasts a comfortable 2 bedrooms and 1 bathroom, complete with central AC. Owner pays for water roughly $230 monthly and trash $160. Tenants are currently on a annual lease. Don't wait, seize this chance to own a profitable income-producing property! Please do not disturb tenants, please call listing agent with any questions.

Property Details

Property Features

Property Information:

  • Architectural Style: Fourplex
  • Year Built: 1972
  • Stories: 1
  • Living Area: 3,773 SqFt

Listing Office:

  • Office Name: Realty One Group Royal Oaks
  • Office Phone: (305) 456-6540
  • Listing Agent: Durani Thakoordyal

Interior Features

Interior Information:

  • Flooring Type: Tile

Virtual/3D Tour

  • Virtual Tour: 691 Kathy Ln

Virtual Tour

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air, Ceiling Fan(s)

School Info

Assigned Schools Information:

  • Coconut Creek High School, Public District Grades 9-12
  • Silver Lakes Middle School, Public Magnet Grades 6-8
  • Morrow Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: Use GPS

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,300,000
  • Price Per SqFt: $345/SqFt
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Margate, FL.

Map thumbnail provided by MapBox

Margate, FL

City

Med. Sold Price

$344K

Med. Price/SqFt

$249

Avg. Days On Market

39

# of Sold Homes

24

691 Kathy Ln vs Margate

93 DAYS ON ROCKET

+54 Days

$1,300,000

+$956K More

$345/SqFt

+$96 More

KEY TAKEAWAY

This property is $956K more than the Median Sold Price and $96/SqFt more than other homes in Margate, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11521137

Listing Office:

  • Office Name: Realty One Group Royal Oaks
  • Office Phone: (305) 456-6540
  • Listing Agent: Durani Thakoordyal

IDX © 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/28/2024, 12:25:14 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$6,556

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,964

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2228986
6
/10

  • Morrow Elementary School

  • 408 SW 76th Ter

  • 0.53 miles

  • Public District Grades PK-5

Middle School

school-card-donut-2228987
2
/10

  • Silver Lakes Middle School

  • 7600 Tam Oshanter Blvd

  • 0.78 miles

  • Public Magnet Grades 6-8

High School

school-card-donut-2228988
2
/10

  • Coconut Creek High School

  • 1400 NW 44th Ave

  • 2.81 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $55,474. The majority of Margate, FL residents have income between $35k-100k annually. The most common type of family is married, with kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Broward County›Margate›33068›691 Kathy Ln

This home is located at 691 Kathy Ln in Margate, FL and zip code 33068 in the Kimberly Forest neighborhood. This 3,773 square foot home was built in 1972. It has been listed on Rocket Homes since January 25, 2024 and is currently priced at $1,300,000.

Margate, FL housing market in March 2024 saw over 3 listings sold above listed price, more than 4 sold at listed price and over 17 sold below. The inventory of homes for sale in Margate, FL between February 2024 and March 2024 increased by 11.8%. Listings spent 39 days on the market in March 2024, and had a median list price of $344,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

More Resources