Tracy Strachan

Tracy Strachan

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$490,000

($239,266 down)
FHA

1379 NW 63rd Ave, Margate, FL 33063

4
2
1,227 sqft
PITI Monthly
$2,165.72 /mo

Listing courtesy of: Andy Mandel, EXP Realty LLC

Assumed Rate

3.7%
7.15%

Principal & Interest

$1,290 /mo
$1,893 /mo

What's Special

SPACIOUS
STAINLESS STEEL APPLIANCES
CUL-DE-SAC
SOLAR PANELS
NO HOA

BRING YOUR TOYS to this fully updated, cul-de-sac located, NO HOA home! True 4 bedroom home featuring an expanded driveway that can fit all your family's cars PLUS room for an RV in your fenced in backyard. IMPACT WINDOWS & DOORS & solar panels on the roof for low electric bills. Featuring an open floor plan with updated real wood cabinets, quartz counters, & stainless steel appliances w/ natural gas range. Updated electrical panels. Both bathrooms have been updated. Spacious master bedroom & bathroom w/ separate tub & shower. Entertainer's dream grilling station in the backyard w/ built in grill & smoker. This type of property doesn't come around often, make your offer today!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.7
Remaining Loan Term
24 years, 10 months
Monthly PITI
$2,165.72/mo
Estimated Loan Balance
$251,250
Cash to close
$239,266
Interest Paid
$50,940

Facts & Features

Interior

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

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Composition, Shingle
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: No
  • Carport Spaces: 0
Water
  • Sewer: PublicSewer
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories:
  • Home type: SingleFamilyResidence
  • Architectural Style: OneStory
Materials
  • Block
  • Roof: Composition, Shingle
Condition
  • Year Built: 1959
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Margate 5th Add-Amd Of Po
  • Features: NonGated
HOA
  • Has HOA: No
Location
  • Region: Margate

Financial Details

  • Price per Sqft: $399.35
  • Tax Annual Amount: $6124
  • On Market Date: 2025-04-08T00:00:00.000Z
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 $239,266 (49%)
You can enter any amount below - secondary financing will cover the difference if needed.
49%
$

You cover the entire equity of $239,266!

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

Loan Breakdown

Assumed Mortgage3.7% Sellers Rate
$250,734
Your Cash$239,266
Total Purchase Price:$490,000

Assumed vs Traditional Mortgage

Assumed @ 3.7%
$1,290/mo
Traditional @ 7.15%
$1,964/mo
You save $674/month ($8,083/year)

*Secondary financing rates are an estimated value based on input

MLS ID: F10496986

Listing From:

Last updated: 2025-04-15T16:15:14.000Z

© , 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

3.7%
7.15%

Principal & Interest

$1,290 /mo
$1,893 /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 $239,266 (49%)
You can enter any amount below - secondary financing will cover the difference if needed.
49%
$

You cover the entire equity of $239,266!

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

Loan Breakdown

Assumed Mortgage3.7% Sellers Rate
$250,734
Your Cash$239,266
Total Purchase Price:$490,000

Assumed vs Traditional Mortgage

Assumed @ 3.7%
$1,290/mo
Traditional @ 7.15%
$1,964/mo
You save $674/month ($8,083/year)

*Secondary financing rates are an estimated value based on input

Follow Us
UMe Assumptions
Agent/Broker
Tracy Strachan(602) 573-1500tstrachan05@gmail.comMLS

© 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 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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