9 months on rocket

691 Kathy Ln, Margate, FL, 33068

$1,200,000

Home List Price

$10,000*

Closing Credit

0 Baths
3,773 SqFt
$318/SqFt
Multi

Location

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691 Kathy Ln, Margate$1,200,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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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
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Utilities

Utilities Information:

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

Other

Directions Information:

  • Directions: Use GPS

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,200,000
  • Price Per SqFt: $318/SqFt
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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

$349.2K

Med. Price/SqFt

$254

Avg. Days On Market

62

# of Sold Homes

28

691 Kathy Ln vs Margate

292 DAYS ON ROCKET

+230 Days

$1,200,000

+$850.7K More

$318/SqFt

+$64 More

KEY TAKEAWAY

This property is $850.7K more than the Median Sold Price and $64/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: 11/13/2024, 1:20:47 AM 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

$6,057

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,664

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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.

Nearby Schools

school-card-donut-277667
5
/10

  • Morrow Elementary School

  • 408 SW 76th Ter

  • 0.54 miles

  • Public District Grades PK-5

school-card-donut-277668
5
/10

  • North Lauderdale PK-8 School

  • 7500 Kimberly Blvd

  • 0.56 miles

  • Public District Grades PK-5

school-card-donut-277669
4
/10

  • Atlantic West Elementary School

  • 301 NW 69th Ter

  • 0.75 miles

  • Public Magnet Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $55,474. The most common annual income of people living in Margate, FL is between $35k-100k. Most families are married, with kids. The most common level of education of people living in this area is high school diploma.

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 $1,200,000.

In October 2024, from all listings sold in Margate, FL there were more than 4 sold above asking price, over 18 sold below and more than 6 were sold right at the asked price. The inventory of homes for sale in Margate, FL between September 2024 and October 2024 increased by 1.4%. Listings spent 62 days on the market in October 2024, and had a median list price of $349,283 during the same period.

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

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