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$95,000
● Condo - Off Market

#1202

Margate, FL
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,518 Ft²
$204,733
RealtyHop Estimate
111.28%
Since May 1, 2010
National-US
Primary Model

About This Property

CORPORATE OWNED.FANTASTIC VALUE.LARGE 2 STORY UNIT WITH 2 PATIOS IN GATED COMMUNITY.AS-IS WITH NO PERSONAL PROPERTY CONVEYED.BUYER TO USE SELLER'S TITLE CO.SELLER TO PAY FOR OWNER'S TITLE POLICY.CALL LISTING AGENT FOR DETAILS
Unit Size
1,518 Ft²
Days on Market
-
Land Size
-
Price per sqft
$64
Property Type
Condo
Property Taxes
$445
HOA Dues
$250
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (Beaches MLS #F1058076)

Price History

Date / Event Date Event Price
Apr 29, 2010 Sold
Premium
Sold
Mar 1, 2010 Listed by Premier Realty Team Inc. $96,900
Listed by Premier Realty Team Inc.

Property Highlights

Parking Details
Parking Features: Assigned Parking
Interior Details
Full Bathrooms: 2
Half Bathrooms: 1
Interior Features: No Interior Features
Appliances: No Equipment
Flooring Type: Carpeted Floors
Exterior Details
Listing Terms: No Terms
Construction Type: Cbs Construction
Exterior Features: None
Financial Details
Total Taxes: $5,342
Tax Year: 2008
Possession Information: Funding
Utilities Details
Heating Type: Central Heat
Cooling Type: Central Cooling
Location Details
Subdivision Complex Building: MERRICK PRESERVE
HOA Details
HOA Fee: $250 Monthly

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

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BEACHES

Listed by: Joshua Geller
Premier Realty Team Inc.
Last Updated: 3 years ago
Data Source: Beaches MLS, MLS# F1058076
All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information 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. The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.
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