NOT LISTED FOR SALE

100 S Franklin Ave Margate City, NJ 08402

Estimated Value: $3,720,718 - $4,276,000

5 Beds
4.5 Baths
-- Sq Ft
3,049 Sq Ft Lot

Last Sold June 28, 2024

Last sale price $4,000,000

Est. 1% increase in value since last sale

Current estimated payment $23,380/month

109 Days on Market

Highlights

  • New Construction
  • Building is beachfront but unit may not have water views
  • Fireplace
  • William H. Ross III Intermediate School Rated A-
  • Deck
  • 2 Car Attached Garage

About This Home

As of June 2024

This is your opportunity to own the only brand new construction beach block in Margate. This spectacular 5 bedroom, 4.5 bath property with a 4 stop elevator is more than just a home; it's a statement of luxury, design, and coastal living at its finest. As you step inside, you'll immediately be drawn to the spacious and open floor plan that seamlessly blends the indoors with the outdoors. The heart of this home is the gourmet kitchen, featuring state-of-the-art Sub-Zero refrigerator and a Wolf stove. It's designed for both everyday living and grand entertaining. Host gatherings in the large living area, complete with a custom bar which flows onto a generous outdoor deck perfect for entertaining guests. The main suite is a haven of luxury with an expansive walk-in closet that's close to 17 feet and its very own private deck. Wake up to breathtaking views of the ocean, and let the soothing sound of the waves lull you to sleep at night. Enjoy being steps from the beach, allowing you to embrace the sun, sand, and sea at your leisure or relaxing outside on your own veranda. A large lap jacuzzi pool can be negotiated as well. They are better than a pool! This brand new construction home is a masterpiece of design and craftsmanship, offering an unmatched lifestyle on the beach block in Margate. Don't miss your chance to own this extraordinary property - it truly is a must-see!

Last Agent to Sell the Property

Paula Hartman

BHHS FOX and ROACH-Margate License #SP-9807299 Listed on: 02/09/2024

BHHS FOX and ROACH-Margate

Last Buyer's Agent

Lori MacHenry

WEICHERT REALTORS - HADDONFIELD License #1326985

WEICHERT REALTORS - HADDONFIELD

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,623

Lot Details

  • Lot Dimensions are 50x62.5
  • Building is beachfront but unit may not have water views
  • Sprinkler System

Parking

  • 2 Car Attached Garage

Home Design

  • New Construction

Interior Spaces

  • 3-Story Property
  • Elevator
  • Fireplace
  • Tile Flooring

Kitchen

  • Stove
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Deck

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Tankless Water Heater

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,623

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 3 Story
  • Lvt Date: 02/09/2024
  • New Construction: Yes
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Stove, Gas Stove, Refrigerator, Washer
  • Fireplace: Built-In
  • Flooring: Tile
  • Interior Amenities: Elevator
  • Bedrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1

Exterior Features

  • Outside Features: Deck, Sprinkler System, Enclosed Outside Shower

Garage/Parking

  • Garage: Two Car, Attached Garage
  • Parking Exterior: Three Or More Cars

Utilities

  • Air Conditioner: Central, Multi-Zoned
  • Heating: Gas-Natural, Multi-Zoned
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Tankless-Gas

Lot Info

  • Location: Beach Block
  • Lot Dimensions: 50X62.5
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2024
Closed on
Jun 28, 2024
Sold by
Circle 3 Llc
Bought by
Mack David and Mack Elyse
Seller's Agent
Paula Hartman
BHHS FOX and ROACH-Margate
Buyer's Agent
Lori MacHenry
WEICHERT REALTORS - HADDONFIELD
List Price
$4,299,000
Sold Price
$4,000,000
Premium/Discount to List
-$299,000
-6.96%
Views
71
Current Estimated Value
$4,051,930

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,930
Avg. Annual Appreciation
1.13%
Original Mortgage
$2,500,000
Interest Rate
7.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 31, 2023
Sold by
Fahs Debra
Bought by
Circle 3 Llc

Purchase Details

Closed on
Nov 11, 2022
Sold by
Santoro Pauline
Bought by
Fahs Debra
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mack David $4,000,000 Surety Title
Circle 3 Llc -- None Listed On Document
Fahs Debra $1,375,000 The Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mack David $2,487,716
Closed Mack David $2,500,000
Previous Owner Santoro Pauline $50,000
Previous Owner Santoro Pauline $100,000
Previous Owner Santoro John H $225,000
Previous Owner Santoro John H $150,000
Previous Owner Santoro John H $100,000
Previous Owner Santoro John H $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2024 06/28/24 Sold $4,000,000 -7.0% --
05/28/2024 05/28/24 Pending -- -- --
05/06/2024 05/06/24 Price Changed $4,299,000 +7.5% --
04/19/2024 04/19/24 Price Changed $3,999,999 -7.0% --
02/12/2024 02/12/24 Price Changed $4,299,000 -6.5% --
02/12/2024 02/12/24 Price Changed $4,599,000 +7.0% --
02/09/2024 02/09/24 For Sale $4,299,000 -- --
Source: South Jersey Shore Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $15,623 $914,700 $637,900 $276,800
2023 $12,992 $823,300 $637,900 $185,400
2022 $12,992 $823,300 $637,900 $185,400
2021 $12,811 $823,300 $637,900 $185,400
2020 $12,745 $823,300 $637,900 $185,400
2019 $12,695 $823,300 $637,900 $185,400
2018 $12,868 $823,300 $637,900 $185,400
2017 $12,885 $823,300 $637,900 $185,400
2016 $12,448 $823,300 $637,900 $185,400
2015 $12,251 $823,300 $637,900 $185,400
2014 $12,020 $823,300 $637,900 $185,400
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: South Jersey Shore Regional MLS

MLS Number: 582040

South Jersey Shore Regional MLS

APN: 16-00006-02-00008