7431 NW 1st Street 406, Margate, FL 33063

$189,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,100 Status: Closed
Current Price: $189,000 List Date: 6/01/2022 Last Modified: 8/31/2026

Overview

Description

Welcome home to this spacious Condo in a desirable 55+ community! Situated in one of the community's most desirable buildings, featuring a beautifully appointed kitchen, updated bathrooms, large master bedroom with spacious walk-in closet, tiled living areas & carpeted bedrooms & accordion shutters. Close to pool & tennis courts, enjoys north/south exposure so your unit will not get as hot as those settled on east/west. Enjoy your morning coffee on your over-sized patio with glass sliders, the largest you will find in the local 55+ communities! Rare to find a 55+ community in the area that provides such ample sqft w/ washer/dryer in unit & pet friendly up to 2 pets under 20lbs! Association requires 650 Credit score for 1 buyer. Condo can be financed UNDER 25% down, will pass full review.

Listing Details MLS# A11212535

General Property Information

Unit Floor #
4
Property Sub Type
Condominium
Bedrooms Total
2
Bathrooms Total
2
Bathrooms Full
2
Building Area Main
1100
Living Area Main
1100
Adjusted Area Main
1100
Year Built
1980
Senior Community YN
Yes
Waterfront YN
Yes
Outdoor Living Spaces YN
Yes
Stories Total
4

Property Features

Application Information: 3-4 Weeks Approval; Personal Interview Required Association Amenities: Maintenance Association Fee Includes: Cable TV; Common Areas; Elevator; Insurance; Legal/Accounting; Maintenance Grounds; Maintenance Structure; Pest Control; Reserve Funds; Roof Repairs; Sewer; Trash; Water Flooring: Carpet; Tile Parking Features: Guest Property Condition: Resale Appliances: Dishwasher; Disposal; Dryer; Electric Range; Oven; Refrigerator; Washer Water Heater Details: Electric Water Heater Architectural Style: Other Construction Materials: CBS Cooling: Ceiling Fan(s); Central Air Association Type: Condominium Heating: Central Interior Features: Elevator Listing Terms: Cash; Conventional Pets Allowed YN: Yes Possession: Negotiable Restrictions: Parking - No Motorcycle; Parking - No RV; Parking - No Trailer; Parking - No Truck Other Leasing Restrictions: Leasing Prohibited 1st 2 Years Security Features: Smoke Detector(s); None Utilities: Cable Available Water Access: Other Water View: Lake Waterfront Features: Pond Showing Requirements: Showing Service Outdoor Living Spaces: Patio Contingencies: 3rd Party Approval

Contract Information

Comp Sale YN
No
Original List Price
189000
Occupant Type
Owner

Location and Legal

Country
United States
County Or Parish
Broward
County Parish Name
Broward
Street Number
7431
Street Direction Prefix
NW
Street Name
1st
Street Suffix
Street
Unit Number
406
City Name
Margate
State Or Province
FL
Postal Code
33063
Postal Code +4
7533
Postal Zip
33063
Subdivision Name
PALM LAKES CONDO
Development Name
PALM LAKES CONDO
Area
3633
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
484135G32860
Flood Zone
X
Directions
SOUTHWEST CORNER OF ATLANTIC BLVD. & ROCK ISLAND RD.

Financial Information

Association YN
Yes
Association Fee
1146
Association Fee Frequency
Quarterly
Application Required YN
Yes
Estimated Monthly Assoc Recurring Fee
382
Membership Fee Required YN
No
Tax Annual Amount
1630
Tax Year
2021
Tax Legal Description
PALM LAKES CONDO UNIT 406 BLDG 10 AKA PHASE #9 PER CDO BK/PG: 8555/223

Status Change Information

Major Change Timestamp
2022-07-16T01:27:52Z
Major Change Type
Status Change
Price Change Timestamp
2022-05-25T22:58:52Z
Status Change Date
2022-07-16
Under Contract Date
2022-06-04
Close Date
2022-07-15
Close Price
189000
Buyer Financing
Conventional

More Information

Application Fee Details

Application Fee Required
Yes
Application Fee
100

Parking Information

Open Parking Spaces
Yes

Leasing Restrictions

Leasing - Max Times Per Year
Yes
Leasing - Minimum Number of Days
365

Buyer Details

Country of Origin
United States
Intended Use
Primary Residence
Buyer State
Florida
Zip Code
33063

Concessions

Seller Concessions
Yes
Seller Concessions Amount
3000

Price Calculations

Current Price To SqFt
171.82

Section Details

Parcel Number MLX
2860

Originating Details

Originating System Key
370074596
Originating System ID
M00000151
IDX
Listing Office: Realty 100
Source MLS Verified
Last Updated: August - 31 - 2026
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