6513 Coral Lake Dr # 201 Margate, FL 33063

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2 beds · 2 baths · 1,090 sq ft · Lot Size: 10,990 sq ft · Residential Condominium · Coral Gate
Est. Property Value: $181,800

High Demand Long-Term RentalValued below Market MedianGood value per sqftOwned for 5 - 10 YearsOwner Age 65 - 75

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6513 Coral Lake Dr # 201 is in the Coral Gate neighborhood of Margate, FL. It is located in Broward County and ZIP code 33063. This Residential Condominium was built in 1981 and is approximately 44 years old. The residential condominium spans 1090 sq ft with 2 bedrooms and 2 bathrooms and sits on a 10990 sq ft lot. According to public records, it was last sold in 2016 for $86,500 and has a tax-assessed value of $182,890, which is $167 per sq ft. The Coral Gate area of Margate has 2585 residential homes with an average size of 1106 sq ft. Analyze and compare real estate investment strategies for properties like this home at 6513 Coral Lake Dr # 201 Margate, FL 33063 with Property Intel by Whitepages.

Owners & Occupancy for 6513 Coral Lake Dr # 201

This property is owned by Inez D Young-Ross. Owner contact information includes 6 phone numbers and 1 email address.

Property Owners

Cell Phone(954) ***-****View Cell Phone
Residence***********
Landline(954) 786-1664
Distance from Property**********
Email Address*******@rediffmail.comView Email
View All Owner Info

Occupancy

Current Occupancy******View Occupancy

Property Financials for 6513 Coral Lake Dr # 201

6513 Coral Lake Dr # 201, Margate, FL has no known mortgage. The Broward county assessment for 2023 values it at $182,890, with annual taxes of $659.

Property Tax

Purchase DateOctober 24, 2016
Property Tax Amount$659 in 2023
Purchase Price$86,500
Assessed Value$182,890 on 2023

Investment Potential for 6513 Coral Lake Dr # 201

The property has a current estimated value of $181,800, which is 25% below the neighborhood median, based on public records. It last sold on October 24, 2016 for $86.5K. Projected long-term
is $28,200 annually ($2,350 per month) with a 85% occupancy rate.

Discover more Residential Condominiums in Coral Gate.
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Long-Term

Gross Rental
$28,200 per year($2,350 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
****%View Cap Rate
Occupancy Rate
85%in 33063 zip code
 
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Property Details for 6513 Coral Lake Dr # 201

Property Details

Property Sq Ft

Living Area

1,090 sq ft

1% below market

Lot Size

10,990 sq ft

92% below market

Price Per Sq Ft

Living Area

$167 / sq ft

27% below market

Lot Size Area

$17 / sq ft

770% above market

Property condition, age, exterior, etc. for 6513 Coral…
Longitude: -80.196908 Latitude: 26.262952 Parcel Number (APN): 48-42-19-BC-0130…

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Market Benchmarks

Compare data for 6513 Coral Lake Dr # 201 in Broward County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$181,800
$243,826
-$62,026 (-25%)
$******
$318,130
-$124,397 (-39%)
YoY Price Change
****%
3.41%
132%
Year Built
1981
1983
-2 years
Living Space
1,090 sq ft
1,120 sq ft
-30 (-3%)
$ Per Living Sq Ft
$167
$222
-$55 (-25%)
Lot Size
10,990 sq ft
36,744 sq ft
-25754 (-70%)
$ Per Lot Sq Ft
$17
$9
$8 (85%)

Net Operating Income
$*****
$19,671
$2,758 (14%)
Annual Revenue
$28,200
$28,200
$0 (0%)
$****
$8,584
-$2,813 (-33%)
Net Operating Income
$*****
$19,671
$2,758 (14%)
Cap Rate
****%
8.29%
—
View Neighborhood Data
Home Value Comparison: Property vs. Local and Regional 2-Bed Residential Condominium Medians

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Nearby Neighborhoods

  1. Coral Gate in Margate, FL
  2. Coral Gate in Coconut Creek, FL
  3. Wynmoor in Coconut Creek, FL
  4. North Margate in Margate, FL
  5. Winston Park in Coconut Creek, FL
  6. Northwest Pompano in Pompano Beach, FL
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  8. Collier City in Pompano Beach, FL
  9. Lakeview in Deerfield Beach, FL
  10. Regency Lakes at Coconut Creek in Coconut Creek, FL
  11. Holiday Springs in Margate, FL
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