2 months on rocket

6990 SW 1st St, Margate, FL, 33068

$499,999

Home List Price

$5,937*

Closing Credit

5 Bedrooms
2 Full Baths
1,468 SqFt
$341/SqFt
House
Schools Nearby

Location

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6990 SW 1st St, Margate$499,999

Buyer Closing Credits

$5,937*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway, Other
Garage1 space
Year Built1978
HeatingCentral, Electric
CoolingCentral Air, Electric
ViewGarden
MLS #A11531604
StatusActive

About 6990 SW 1st St

No HOA. Current ROI: 7.2% (potential ROI: 9,4%). Great investment property. The property is rented for $3,576 USD/month to a Section 8 tenant (as of February 2024, the government portion is $2,430 USD, the tenant $1,146 USD). The rent may be increased to $4,491 USD (renewal date: November 30, 2024). The current management company can be facilitated. Please do not disturb the tenant or knock on the door!

Property Details

Property Features

Property Information:

  • Architectural Style: Detached, One Story
  • Year Built: 1978
  • Stories: 1
  • Living Area: 1,468 SqFt

Listing Office:

  • Office Name: London Foster Realty
  • Office Phone: (305) 514-0100
  • Listing Agent: Denise Haeussler Leatherbee

Interior Features

Interior Information:

  • Appliances: Dryer, Electric Range, Refrigerator, Washer
  • Flooring Type: Ceramic Tile, Tile
  • Interior: Bedroom on Main Level, First Floor Entry, Main Level Primary

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • View: Garden
  • Exterior: Fence, Other

Parking Information:

  • Garage Space: 1 space
  • Parking: Driveway, Other

Virtual/3D Tour

  • Virtual Tour: 6990 SW 1st St

Virtual Tour

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air, Electric

School Info

Assigned Schools Information:

  • Coconut Creek High School, Public District Grades 9-12
  • Margate Middle School, Public Magnet Grades 6-8
  • Atlantic West Elementary School, Public District Grades KG-5

Price Information

Listing Price Info

Price Summary:

  • List Price: $499,999
  • Price Per SqFt: $341/SqFt

Tax Information:

  • Annual Amount: $1,780
  • Tax Year: 2020
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Housing Market Comparison

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

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Margate, FL

City

Med. Sold Price

$344K

Med. Price/SqFt

$249

Avg. Days On Market

39

# of Sold Homes

24

6990 SW 1st St vs Margate

74 DAYS ON ROCKET

+35 Days

$499,999

+$155.9K More

$341/SqFt

+$92 More

KEY TAKEAWAY

This property is $155.9K more than the Median Sold Price and $92/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: #A11531604

Listing Office:

  • Office Name: London Foster Realty
  • Office Phone: (305) 514-0100
  • Listing Agent: Denise Haeussler Leatherbee

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: 4/27/2024, 2:25:15 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$1,780$110,290
2019$1,173$107,820
2018$1,149$105,810
2017$1,149$103,640

History based on county public records data.

Payment Calculator

$2,563

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,566

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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-1314528
4
/10

  • Atlantic West Elementary School

  • 301 NW 69th Ter

  • 0.28 miles

  • Public District Grades KG-5

Middle School

school-card-donut-1314529
3
/10

  • Margate Middle School

  • 500 NW 65th Ave

  • 0.73 miles

  • Public Magnet Grades 6-8

High School

school-card-donut-1314530
2
/10

  • Coconut Creek High School

  • 1400 NW 44th Ave

  • 2.56 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. Typical income of Margate, FL residents is between $35k-100k annually. The majority of families are married, with kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 6990 SW 1st St

What is the listing price of this property?

The listing price of 6990 SW 1st St property is $499,999.

What type of property is this?

The property 6990 SW 1st St is a house located in Margate, Florida, 33068.

Is this property for sale now?

Active Listing: 6990 SW 1st St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 6990 SW 1st St are:
Atlantic West Elementary School: GreatSchools Rating 4/10
Margate Middle School: GreatSchools Rating 3/10
Coconut Creek High School: GreatSchools Rating 2/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,780 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 6990 SW 1st St has 5 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 6990 SW 1st St is 1,468 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 6990 SW 1st St is 1978.

Rocket Homes›Florida›Broward County›Margate›33068›6990 SW 1st St

This home is located at 6990 SW 1st St in Margate, FL and zip code 33068 in the Oriole neighborhood. This 1,468 square foot home was built in 1978. Features: 5 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since February 13, 2024 and is currently priced at $499,999.

In March 2024, from all listings sold in Margate, FL there were more than 3 sold above asking price, over 17 sold below and more than 4 were sold right at the asked price. The number of listings in Margate, FL increased by 11.8% between February 2024 and March 2024. While the average time on the market in March 2024 was 39 days, the median list price was $344,000.

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

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