7480 SW 1st St Margate, FL 33068

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3 beds · 2 baths · 1,458 sq ft · Lot Size: 8,389 sq ft · Single Family Home
Est. Property Value: $395,760

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7480 SW 1st St is in the 33068 neighborhood of Margate, FL. It is located in Broward County and ZIP code 33068. This Single Family Home was built in 1977 and is approximately 48 years old. The single family home spans 1458 sq ft with 3 bedrooms and 2 bathrooms and sits on a 8389 sq ft lot. According to public records, it was last sold in 2018 for $265,000 and has a tax-assessed value of $378,980, which is $271 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 7480 SW 1st St Margate, FL 33068 with Property Intel by Whitepages.

Owners & Occupancy for 7480 SW 1st St

This property is owned by Wayne St P Forrest. Owner contact information includes 3 phone numbers and 4 email addresses.

Property Owners

Cell Phone(754) ***-****View Cell Phone
Residence***********
Landline(954) 720-4487
Distance from Property**********
Email Address*************@gmail.comView Email

Occupancy

Current Occupancy*****View Occupancy
Resident 1**********
Resident 2****************** age 62
Resident 3****************

Property Financials for 7480 SW 1st St

7480 SW 1st St, Margate, FL has a mortgage from Mortgage Svcs (orig. October 05, 2018). The Broward county assessment for 2023 values it at $378,980, with annual taxes of $5,270.

Mortgage & Equity Information

Loan Amount$******
LenderMortgage Svcs
Origination DateOctober 05, 2018
Interest Rate****%
Term30 Years
Rate TypeFixed
Est Balance$********
Due Date*****************
Equity View Equity

Property Tax

Purchase DateOctober 05, 2018
Property Tax Amount$5,270 in 2023
Purchase Price$265,000
Assessed Value$378,980 on 2023

Investment Potential for 7480 SW 1st St

The property has a current estimated value of $395,760, which is 9% below the zip median, based on public records. It last sold on October 05, 2018 for $265K. Projected long-term
is $28,800 annually ($2,400 per month) with a 90% occupancy rate.

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Long-Term

Gross Rental
$28,800 per year($2,400 per month)
Net Operating Income
Cap Rate
Occupancy Rate
90%in 33068 zip code
 
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Property Details for 7480 SW 1st St

Property Details

Property Sq Ft

Living Area

1,458 sq ft

2% above market

Lot Size

8,389 sq ft

40% above market

Price Per Sq Ft

Living Area

$271 / sq ft

10% below market

Lot Size Area

$47 / sq ft

41% below market

Property condition, age, exterior, etc. for 7480 SW 1s…
Longitude: -80.226432 Latitude: 26.228787 Parcel Number (APN): 48-41-35-06-2010…

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Market Benchmarks

Compare data for 7480 SW 1st St in Broward County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$395,760
$349,875
$45,885 (13%)
$447,083
$74,900 (17%)
YoY Price Change
1.8%
-28%
Year Built
1977
1990
-13 years
Living Space
1,458 sq ft
1,630 sq ft
-172 (-11%)
$ Per Living Sq Ft
$271
$213
$59 (28%)
Lot Size
8,389 sq ft
9,599 sq ft
-1210 (-13%)
$ Per Lot Sq Ft
$47
$38
$10 (26%)

Net Operating Income
$19,792
-$2,992 (-15%)
Annual Revenue
$28,800
$29,400
-$600 (-2%)
$9,768
$2,232 (23%)
Net Operating Income
$19,792
-$2,992 (-15%)
Cap Rate
5.75%
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

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