743 Banks Rd, Margate, FL, 33063

Location

Get An Agent. Get A Mortgage.

Let Us Help You Buy A Home And Save BIG

Save BIG.

743 Banks Rd, Margate$345,000

Buyer Closing Credits

$4,097^*

1.25% Loan Amount

Sell Your Home And Save More

Connect With An Agent

Still Have Questions? Contact Us.

1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence

ParkingAssigned

Year Built1983

HeatingCentral

CoolingCeiling Fan(s), Central Air

WaterfrontLake Front

ViewLake

MLS #RX-10986561

StatusActive

About 743 Banks Rd

Must See Corner UNIT Villa - 2/2 split floorplans - remodeled bathrooms - on lake with private dock. Low HOA great community - sold as is with $5000 cash back at closing

View More

Property Details

Property Features

Property Information:

• Architectural Style: Villa
• Year Built: 1983
• Stories: 1
• Living Area: 1,038 SqFt

Listing Office:

• Office Name: Tailored Realty LLC
• Office Phone: (561) 714-0525
• Listing Agent: Celiana Evans

Interior Features

Interior Information:

• Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Washer, Electric Water Heater
• Flooring Type: Vinyl Floor, Wood Floor
• Interior: Volume Ceiling, Walk-in Closet

Bedroom and Bathroom Information:

• Full Bathrooms: 2
• Total Bedroom Count: 2

Exterior Features

Exterior Information:

• Private Pool: No
• Waterfront: Lake Front
• View: Lake
• Exterior: Deck, Screened Patio, Shutters

Parking Information:

• Attached Garage: No
• Parking: Assigned

Virtual/3D Tour

• Virtual Tour: 743 Banks Rd

Virtual Tour

Utilities

Utilities Information:

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

School Info

Assigned Schools Information:

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

Other

Directions Information:

• Directions: going west on cocnut creek pkway turn left on Banks Road then second left info woodlake isles - turn right after lake and corner unit will be on your right side.

Price Information

Listing Price Info

Price Summary:

• List Price: $345,000
• Price Per SqFt: $332/SqFt

HOA Fees:

• Amount: $282
• Frequency: Monthly

Tax Information:

• Annual Amount: $1,256
• Tax Year: 2020

What can I afford?

Understand what home price range makes sense for your budget.

See What I Can Afford

Housing Market Comparison

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

Margate, FL

City

Med. Sold Price

$347.6K

Med. Price/SqFt

$252

Avg. Days On Market

60

# of Sold Homes

33

743 Banks Rd vs Margate

21 DAYS ON ROCKET

-39 Days

$345,000

-$2.6K Less

$332/SqFt

+$79 More

KEY TAKEAWAY

This property is $2.6K less than the Median Sold Price and $79/SqFt more than other homes in Margate, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

• MLS Number: #RX-10986561

Listing Office:

• Office Name: Tailored Realty LLC
• Office Phone: (561) 714-0525
• Listing Agent: Celiana Evans

All listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc.

This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/1/2024, 7:20:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

View More

Property Sales & Tax

Listing History

DATE	EVENT	PRICE
Sep 08, 2020	Sep 08, 2020Home Sold	$215,000

Tax History

YEAR	PROP. TAX	ASSESSMENT
2020	$1,256	$86,300
2019	$1,149	$84,360
2018	$1,127	$82,790
2017	$1,127	$81,090

History based on county public records data.

Payment Calculator

Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.

$2,071

Per Month

Principal & Interest

$1,722

Home Price

Home PriceThe dollar amount you pay for the home.

$

Interest Rate

Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.

%

Down Payment

Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.

$Down PaymentPercent%

Loan Term

Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.

30 year25 year20 year15 year10 year

Property Taxes

$0

Annual Cost

Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.

$/ Year

Mortgage Insurance

$0

Monthly Premium

Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.

$/ Month

Homeowners Insurance

$67

Monthly Premium

Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.

$/ Month

Homeowners Association (HOA)

$282

Monthly Fees

Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.

$/ Month

Utilities

$0

Monthly Cost

Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.

$/ Month

*Disclosures

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,101

See More Options

Connect With A Banker

Powered By

Advertisement

NMLS#3030

**Disclosures

Rocket Homes›Florida›Broward County›Margate›33063›743 Banks Rd

This home is located at 743 Banks Rd in Margate, FL and zip code 33063. This 1,038 square foot home was built in 1983. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 11, 2024 and is currently priced at $345,000.

While more than 6 listings in Margate, FL in May 2024 were sold above asking price, there were more than 6 listings sold at asking price, and more than 21 were sold below. Between April 2024 and May 2024, Margate, FL real estate market has seen increase in the number of listings by 1.6%. The median list price of listings available in May 2024 was $347,625, while the average time on the real estate market was 60 days.

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