363 N Rock Island Road 407, Margate, FL 33063

$42,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,200 Status: Closed
Current Price: $42,000 List Date: 2/25/2008 Last Modified: 8/20/2026

Overview

Description

BANK FORECLOSURE! TWO BEDROOM RETIREMENT CONDO WITH SCREEN BALCONY AND LAKE VIEW. NICE CERAMIC TILE FLOORING THROUGHOUT. SOLD IN "AS-IS" CONDITION...REPAIRS REQUIRED, PROOF OF FUNDS / PRE-APPROVAL LETTER REQUIRED WITH ALL OFFERS (USE FAR/BAR CONTRACT FORM ONLY WITH ALL OFFERS), BANK/SELLER TERMS ARE: 5% ESCROW DEPOSIT (DUE UPON ACCEPTANCE), 5 DAY INSPECTION PERIOD, 20 DAY LOAN COMMITMENT, CLOSE WITHIN 30 DAYS OR LESS, MUST CLOSE WITH SELLERS APPROVED CLOSING AGENT, FOR ACCESS PLEASE SEE BROKER REMARKS

Listing Details MLS# F909532

General Property Information

Unit Floor #
4
Property Sub Type
Condominium
Bedrooms Total
2
Bathrooms Total
2
Bathrooms Full
2
Building Area Main
1200
Living Area Main
1100
Year Built
1980
Senior Community YN
Yes
Land Lease YN
No
Waterfront YN
Yes
Outdoor Living Spaces YN
Yes
Stories Total
4
Furnished
Unfurnished

Property Features

Application Information: 3-4 Weeks Approval; Personal Interview Required Association Amenities: Maintenance Association Fee Includes: Common Areas; Insurance; Maintenance Structure; Sewer; Trash; Water Flooring: Ceramic Tile Leasing Permitted Details: Okay To Lease Parking Features: Assigned; Guest Property Condition: Resale Special Listing Conditions: Real Estate Owned Appliances: Other Construction Materials: CBS Cooling: Other Heating: Other Interior Features: Bedroom Layout - Stacked; Walk-In Closet(s) Listing Terms: Conventional Other Equipment: Other Pets Allowed YN: No Possession: Negotiable Restrictions: Other Restrictions; Parking - No RV; Parking - No Trailer; Parking - No Truck Security Features: Other Special Information: Sold As-Is Tax Information: Tax Reflects No Exemptions Water Access: None Water View: Lake Waterfront Features: Lake Front Outdoor Living Spaces: Balcony Balcony Details: Balcony - Screened Porch Details: Porch - Screened

Contract Information

Comp Sale YN
No
Original List Price
74900
Owner Phone
888-886-8786
Occupant Type
Vacant

Location and Legal

Country
United States
County Or Parish
Broward
County Parish Name
Broward
Street Number
363
Street Direction Prefix
N
Street Name
Rock Island
Street Suffix
Road
Unit Number
407
City Name
Margate
State Or Province
FL
Postal Code
33063
Postal Zip
33063
Subdivision Name
PALM LAKES
Development Name
PALM LAKES
Area
3633
Geographic Area
NW41 - North Broward 441 To Everglades (3611-3642)
Parcel Number
484135G31910
Directions
FROM ATLANTIC BLVD TAKE ROCK ISLAND ROAD (SOUTH) TO COMPLEX ON YOUR RIGHT. LOOK FOR BUILDING #7.
Building Name
7

Financial Information

Association YN
Yes
Association Fee
719
Association Fee Frequency
Quarterly
Application Required YN
Yes
Membership Fee Required YN
No
Tax Annual Amount
989
Tax Year
2007
Tax Legal Description
PALM LAKES CONDO UNIT 407 BLDG 7 AKA PHASE #6

Status Change Information

Major Change Timestamp
2008-08-28T19:06:11Z
Major Change Type
Status Change
Price Change Timestamp
2008-07-21T19:06:11Z
Status Change Date
2008-09-03
Under Contract Date
2008-07-30
Close Date
2008-08-28
Close Price
42000
Buyer Financing
Cash

More Information

Application Fee Details

Application Fee Required
Yes
Application Fee
100

Leasing Permitted Details

Leasing Permitted YN
Yes

Short Sale Details

Short Sale Addendum
No

Co-Ownership

Property Management YN
No

Leasing Restrictions

Leasing - Max Times Per Year
Yes

Concessions

Seller Concessions
No

Price Calculations

Current Price To SqFt
38.18
Original List Price To Close Price
0.56

Section Details

Parcel Number MLX
1910

Originating Details

Originating System Key
3230227
Originating System ID
M00000170
IDX
Listing Office: Coldwell Banker Realty
Source MLS Verified
Last Updated: August - 20 - 2026
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