7561 NW 1st Street 303, Margate, FL 33063

$130,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,100 Status: Closed
Current Price: $130,000 List Date: 1/29/2025 Last Modified: 8/12/2026

Overview

Description

GREAT LOCATION! 3 FLOOR! LARGE 2 BEDROOM 2 BATH CONDO WITH SERENE WATER VIEWS FROM YOUR GLASS ENCLOSED TILED PATIO. EAT IN KITCHEN, WASHER AND DRYER IN UNIT. TILED THROUGHOUT LIVING AREAS. WALK IN CLOSET IN MASTER BEDROOM. NEWER HOT WATER HEATER. A/C FIVE YEARS OLD. EXTRA STORAGE. WALKING DISTANCE TO ONE OF 2 POOLS AND TENNIS. CLOSE TO SHOPPING, BANKS, WALGREENS, RESTAURANTS, TRANSPORTATION AND A BRAND NEW PUBLIX TO BE COMPLETED MID MARCH. CLUBHOUSE FEATURES BILLIARDS, EXERCISE ROOM, 2 POOLS, SAUNA AND MORE. ASSOCIATION STATES 55+ COMMUNITY, 650+ CREDIT SCORE AND COMBINED INCOME OF $40,000. NO RENTING THE FIRST YEAR. PET FRIENDLY COMMUNITY ALLOWING 2 PETS UNDER 20 LBS. EACH.

Listing Details MLS# F10483737

General Property Information

Unit Floor #
3
Property Sub Type
Condominium
Bedrooms Total
2
Bathrooms Total
2
Bathrooms Full
2
Living Area Main
1100
Year Built
1980
Gated Community YN
No
Senior Community YN
Yes
Land Lease YN
No
Waterfront YN
Yes
Outdoor Living Spaces YN
Yes
Stories Total
4
Direction Faces
South
Furnished
Negotiable
LP/Assessed Value
0.96

Property Features

Application Information: 3-4 Weeks Approval Association Amenities: Maintenance Association Fee Includes: Elevator; Maintenance Structure; Recreation Facility; Trash; Water Dining Area: Dining/Living Room; Eat-In Kitchen Exterior Features: Other Flooring: Carpet; Tile Parking Features: Assigned; Guest Property Condition: Resale Appliances: Dishwasher; Disposal; Dryer; Electric Range; Microwave; Refrigerator; Washer; Water Heater Water Heater Details: Electric Water Heater Construction Materials: CBS Cooling: Ceiling Fan(s); Central Air; Electric Heating: Central; Electric Interior Features: Walk-In Closet(s) Listing Terms: Cash; Conventional Pets Allowed YN: Yes Pets Allowed: Breed Restrictions; Number Limit Possession: Negotiable Restrictions: Other Restrictions Security Features: None Special Information: Sold As-Is Tax Information: No Homestead Utilities: Cable Available Water Access: None Water View: Lake Waterfront Features: Lake Front Showing Requirements: Call Listing Agent Contingencies: Financing

Contract Information

Comp Sale YN
No
Original List Price
139900

Location and Legal

Country
United States
County Or Parish
Broward
County Parish Name
Broward
Street Number
7561
Street Direction Prefix
NW
Street Name
1st
Street Suffix
Street
Unit Number
303
City Name
Margate
State Or Province
FL
Postal Code
33063
Postal Code +4
7539
Postal Zip
33063
Subdivision Name
PALM LAKES
Area
3633
Geographic Area
NW41 - North Broward 441 To Everglades (3611-3642)
Parcel Number
484135G33070
Directions
ROCK ISLAND ROAD SOUTH OF ATLANTIC BLVD. TO 1ST STREET. MAKE A RIGHT. FOLLOWING TO BUILDING #11 ON RIGHT HAND SIDE.

Financial Information

Association YN
Yes
Association Fee
2294
Association Fee Frequency
Quarterly
Application Required YN
Yes
Association Phone
954-971-1719
Membership Fee Required YN
No
Tax Annual Amount
3179
Tax Year
2023
Tax Assessed/SOH Value
146020
Tax Legal Description
PALM LAKES CONDO UNIT 303 BLDG 11 AKA PHASE #10 PER CDO BK/PG: 8555/223
Assessor Market Value
146020

Status Change Information

Major Change Timestamp
2025-06-16T20:18:15Z
Major Change Type
Status Change
Status Change Date
2025-06-16
Under Contract Date
2025-05-28
Close Date
2025-06-16
Close Price
130000
Buyer Financing
Conventional

More Information

Application Fee Details

Application Fee Required
Yes
Application Fee
150

Entry Information

Entry Level
3
Entry Location
Third Floor Entry,Walk-In Closets

Co-Ownership

Property Management YN
No

Main Level Rooms

Main Level Bathrooms
Yes
Main Level Bedrooms
Yes

Pet Details

Maximum Number Of Pets
2

Qualifying Requirements

Minimum Credit Score YN
Yes
Minimum Credit Score
650

Leasing Restrictions

Leasing - Max Times Per Year
Yes

Concessions

Seller Concessions
Yes
Seller Concessions Amount
500

Price Calculations

Current Price To SqFt
118.18
Original List Price To Close Price
0.92

Section Details

Parcel Number MLX
3070

Originating Details

Originating System Key
593190469
Originating System ID
M00000170
IDX
Listing Office: Real Estate II Inc
Source MLS Verified
Last Updated: August - 12 - 2026
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