Diana & Jason Jones

Diana & Jason Jones

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$549,900

($421,143 down)
FHA

1515 NW 61st Ave, Margate, FL 33063

4
2
1,503 sqft
PITI Monthly
$1,496.19 /mo

Listing courtesy of: Fabiana Meyers, Galt Ocean Realty Inc

Assumed Rate

4.19%
7.15%

Principal & Interest

$815 /mo
$1,127 /mo

What's Special

SPACIOUS
STAINLESS STEEL APPLIANCES
NO HOA

DOCK YOUR BOAT, PARK YOUR RV & CAR, AND ENJOY YOUR HOME ON THE WATER WITH NO HOA FEES. THIS STUNNING 4-BEDROOMS / 2-BATHROOMS GEM FEATURES: UPDATED KITCHEN WITH CALACATTA QUARTZ COUNTERTOPS, PORCELAIN TILE FLOORING, STAINLESS STEEL APPLIANCES, RECESSED LIGHTING THROUGHOUT, HIGH IMPACT WINDOWS, NEWER FULL WASHER/DRYER, NEWER A/C UNIT AND TANKLESS WATER HEATER (2 YEARLS OLD), ROOF (2019), BRAND NEW CEILING FANS, SMOKE DETECTORS, UPDATED THERMOSTAT, AND LOTS OF NATURAL LIGHT. THE PROPERTY HAS A SPACIOUS BACKYARD WITH A BUILT-IN BBQ AREA. ALSO, INCLUDES A STUDIO WITH KITCHENETTE AND PRIVATE ENTRANCE, IDEAL FOR FAMILY. MUST SEE THIS CENTRALLY LOCATED HOME IN MARGATE WITH WALKING DISTANCE TO THE PARKS, SHORT DISTANCE FROM ORIOLE GOLF CLUB, RESTAURANTS AND MEDICAL FACILITIES. EASY TO SHOW.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
4.19
Remaining Loan Term
19 years, 2 months
Monthly PITI
$1,496.19/mo
Estimated Loan Balance
$168,483
Cash to close
$421,143
Interest Paid
$67,825

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 2
Cooling & Heating
  • Cooling: CentralAir
  • Heating: Central, WallFurnace
Features
  • Materials: Block
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Other

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Flat, Tile
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: Yes
  • Carport Spaces: 2
Water
  • Sewer: PublicSewer
  • Water Source: Public
Pool
  • Has Pool: Yes
  • Pool Features: AboveGround, Pool

Construction

Type & Style
  • Stories:
  • Home type: SingleFamilyResidence
  • Architectural Style: Ranch, OneStory
Materials
  • Block
  • Roof: Flat, Tile
Condition
  • Year Built: 1961
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Margate 4th Add-Resub Por
  • Features: NonGated, Other
HOA
  • Has HOA: No
Location
  • Region: Margate

Financial Details

  • Price per Sqft: $365.87
  • Tax Annual Amount: $4752
  • On Market Date: 2025-05-03T00:00:00.000Z
Inquire about this property

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

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Savings Calculator

Current cash to close is $421,143 (77%)
You can enter any amount below - secondary financing will cover the difference if needed.
77%
$

You cover the entire equity of $421,143!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage4.19% Sellers Rate
$128,757
Your Cash:$421,143
Total Purchase Price:$549,900

Assumed vs Traditional Mortgage

Assumed @ 4.19%
$815/mo
Traditional @ 7.15%
$1,169/mo
You save $354/month ($4,250/year)

*Secondary financing rates are an estimated value based on input

MLS ID: F10501705

Listing From:

Last updated: 2025-05-06T22:30:51.000Z

© , FTL. All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.

Assumed Rate

4.19%
7.15%

Principal & Interest

$815 /mo
$1,127 /mo
Inquire about this property

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $421,143 (77%)
You can enter any amount below - secondary financing will cover the difference if needed.
77%
$

You cover the entire equity of $421,143!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage4.19% Sellers Rate
$128,757
Your Cash:$421,143
Total Purchase Price:$549,900

Assumed vs Traditional Mortgage

Assumed @ 4.19%
$815/mo
Traditional @ 7.15%
$1,169/mo
You save $354/month ($4,250/year)

*Secondary financing rates are an estimated value based on input

Follow Us
Coldwell Banker Realty
Agent/Broker
Diana & Jason JonesColdwell Banker Realty(602) 790-0734diana.jones@cbrealty.comMLS SA711064000

© Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Listing Service. Real estate listings held by brokerage firms other than Coldwell Banker Realty are marked with the Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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