7320 Lake Circle Drive 202, Margate, FL 33063

$170,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,100 Status: Closed
Current Price: $170,000 List Date: 2/02/2024 Last Modified: 8/03/2026

Overview

Description

Discover Tranquil Living at Palm Lakes - A Premier 55+ Community ! Spacious and meticulously maintained 2 Bed/2 Bath condo on the 2nd floor, accessible by elevator for ultimate convenience and mobility. Enjoy the luxury of an in-unit washer and dryer, simplifying your laundry routine. Fully renovated kitchen with granite countertops, ample walking closet. Relax on your private, enclosed balcony—the perfect spot to unwind. This unit is furnished and ready for you to infuse your personal style and enjoy your golden years to the fullest. Pets welcome (up to two). HOA Requirements: minimum credit score of 650 and annual income of $40,000+. The HOA with reserves, allowing conventional loans with just 5% down. Located just 2 mins away from Publix. Contact us today to schedule your exclusive tour

Supplements: Vacant and easy to show. Request your showing thru ShowingTime. HOA has reserves. Conventional loans with 5.0% down OK.

Listing Details MLS# F10421319

General Property Information

Number Of Units In Community
448
Total Units In Building
32
Unit Floor #
2
Property Sub Type
Condominium
Bedrooms Total
2
Bathrooms Total
2
Bathrooms Full
2
Building Area Main
1100
Living Area Main
1100
Year Built
1979
Parking Total
22
Gated Community YN
No
Senior Community YN
Yes
Land Lease YN
No
Waterfront YN
Yes
Outdoor Living Spaces YN
Yes
Stories Total
4
Stories
11
Direction Faces
Northeast
Furnished
Partially
LP/Assessed Value
1.24

Property Features

Application Information: 3-4 Weeks Approval Association Amenities: Maintenance; Security Association Fee Includes: Elevator; Maintenance Grounds; Maintenance Structure; Recreation Facility; Roof Repairs; Sewer; Trash; Water Dining Area: Dining/Living Room Flooring: Carpet; Laminate; Tile Leasing Permitted Details: Okay To Lease Parking Features: Assigned; Guest Property Condition: Resale Appliances: Dishwasher; Disposal; Dryer; Electric Range; Microwave; Refrigerator; Washer Construction Materials: CBS Cooling: Central Air Association Type: Homeowner Association Heating: Central Interior Features: Entrance Foyer; Walk-In Closet(s) Listing Terms: Cash; Conventional Main Living Area: Entry Level Pets Allowed YN: Yes Pets Allowed: Number Limit; Size Limit Possession: Close Of Escrow; Negotiable Restrictions: Limited # Vehicles; Parking - No Trailer Security Features: Security Patrol; Security System Special Information: Sold As-Is Tax Information: Homestead Exemption Unit Description: Garden Apartment; Interior Hallway Utilities: Cable Available Water Access: None Water View: Lake Waterfront Features: Lake Front Window Features: Single Hung Metal; Sliding Showing Requirements: Showing Service Outdoor Living Spaces: Balcony Balcony Details: Balcony - Screened Porch Details: Porch - Screened Contingencies: None Room Types: Bedroom 2; Living Room; Master Bedroom; Other

Contract Information

Comp Sale YN
No
Original List Price
214900
Owner Phone
N/A
Occupant Type
Vacant

Location and Legal

Country
United States
County Or Parish
Broward
County Parish Name
Broward
Street Number
7320
Street Name
Lake Circle
Street Suffix
Drive
Unit Number
202
City Name
Margate
State Or Province
FL
Postal Code
33063
Postal Code +4
4802
Postal Zip
33063
Subdivision Name
Palm Lakes Condo
Development Name
Palm Lakes
Area
3632
Geographic Area
NW41 - North Broward 441 To Everglades (3611-3642)
Elementary School
Morrow
Middle Or Junior School
Silver Lakes
High School
Coconut Creek
Parcel Number
484135G30420
Directions
Consult your GPSAtlantic Blvd. Just West of Rock Island Road. Palm Lakes Condo Building # 3
Building Name
3

Financial Information

Association YN
Yes
Association Deposit YN
No
Association Fee
2014
Association Fee Frequency
Quarterly
Application Required YN
Yes
Association Phone
954-969-1330
Association Website
https://www.exclusivepm.net
Membership Fee Required YN
No
Tax Annual Amount
1419
Tax Year
2023
Tax Assessed/SOH Value
144660
Tax Legal Description
PALM LAKES CONDO UNIT 202 BLDG 3 AKA PHASE #2 PER CDO BK/PG: 8555/223
Assessor Market Value
144660

Status Change Information

Major Change Timestamp
2024-06-14T18:02:21Z
Major Change Type
Status Change
Price Change Timestamp
2024-04-24T16:26:34Z
Status Change Date
2024-06-14
Under Contract Date
2024-05-10
Close Date
2024-06-14
Close Price
170000
Buyer Financing
Cash

More Information

Application Fee Details

Application Fee Required
Yes
Application Fee
150

Leasing Permitted Details

Leasing Permitted YN
Yes

Parking Information

Open Parking Spaces
Yes
Parking Space Number
22

Short Sale Details

Short Sale Addendum
No

Co-Ownership

Property Management YN
No

Ceiling Fan Details

Number Of Ceiling Fans
2

Main Level Rooms

Main Level Bathrooms
2
Main Level Bedrooms
2

Pet Details

Maximum Number Of Pets
2
Total Weight Limit (Pets)
20
Other Pet Restrictions
No agresive breeds

Qualifying Requirements

Minimum % Down
25
Minimum % Down Required By
Association
Minimum Credit Score YN
Yes
Minimum Credit Score
650

Leasing Restrictions

Leasing - Max Times Per Year
Yes

Storm Protection

Roll-Down Shutters
Partial

Concessions

Seller Concessions
Yes
Seller Concessions Amount
2500

Price Calculations

Current Price To SqFt
154.55
Original List Price To Close Price
0.79

Section Details

Parcel Number MLX
0420

Originating Details

Originating System Key
577631477
Originating System ID
M00000170

Room Information

Room Name Length Width Level
Living Room 23.16 14.08 Main
Master Bedroom 14.16 14.16 Main
Bedroom 2 11.16 11.16 Main
Other 21.83 8.41 Main
IDX
Listing Office: Vox Realty
Source MLS Verified
Last Updated: August - 03 - 2026
Broker Attribution: germanmyrealtor@gmail.com

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