NOT LISTED FOR SALE

101 S Franklin Ave Margate City, NJ 08402

Estimated Value: $3,043,792 - $4,255,000

6 Beds
4 Baths
-- Sq Ft
3,136 Sq Ft Lot

Last Sold November 16, 2016

Last sale price $1,765,000

Est. 111% increase in value since last sale

Current estimated payment $22,529/month

44 Days on Market

Highlights

  • Newly Remodeled
  • Building is beachfront but unit may not have water views
  • Marble Flooring
  • William H. Ross III Intermediate School Rated A-
  • Deck
  • Main Floor Primary Bedroom

About This Home

As of November 2016

Beach Block New Construction! Gorgeous 6 Bedrooms,4 full baths home wit impeccable and creative design offerings direct views of the ocean. Property offers 1st floor master/den, large open floor plan, high ceilings, gourmet kitchen w/ upgraded appliances, H.W flooring throughout, 2 zone HVAC, and designer bathrooms with exquisite custom finishes. Its maintenance free exterior features include large front porch and garage. Another luxurious Piraino home only steps to the beach and boardwalk.

Last Agent to Sell the Property

ROSENZWEIG, TROY ROSENZWEIG

BHHS FOX and ROACH-Margate License #0567225 Listed on: 02/26/2016

Last Buyer's Agent

ROSENZWEIG, TROY ROSENZWEIG

BHHS FOX and ROACH-Margate License #0567225 Listed on: 02/26/2016

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $27,280

Year Built

  • Built in 2016 | Newly Remodeled

Lot Details

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

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Dining Room
  • Storage
  • Laundry Room
  • Crawl Space
  • Storage In Attic

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • 4 Full Bathrooms

Home Security

  • Home Security System
  • Storm Screens
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 1 Car Garage
  • Parking Pad
  • Stone Driveway

Outdoor Features

  • Outdoor Shower
  • Deck
  • Patio
  • Shed
  • Porch

Utilities

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$27,280

Year Built

Built in 2016 | Newly Remodeled

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 2 Story
  • Age: 0 To 1 Year
  • Lvt Date: 02/27/2016
  • New Construction: Yes
  • Year Built: 2016
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Disposal, Dishwasher, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven
  • Flooring: Hardwood, Marble
  • Interior Amenities: Carbon Monoxide Detector, Kitchen Center Island, Smoke/Fire Alarm, Security System, Storage, Walk In Closet
  • Bedrooms: 6
  • Full Bathrooms: 4
  • Basement: Crawl Space
  • Other Rooms: Dining Room, Eat In Kitchen, Laundry/Utility Room, Primary Br On 1st Floor, Pantry, Storage Attic

Exterior Features

  • Outside Features: Curbs, Deck, Fenced Yard, Outside Shower, Porch, Patio, Paved Road, Shed, Sprinkler System, Sidewalks
  • Siding Exterior: Vinyl
  • Storm Screens: Combination

Garage/Parking

  • Driveway: Stone
  • Garage: One Car
  • Parking Exterior: Parking Pad

Utilities

  • Air Conditioner: Ceiling Fan(s), Central, Electric, Multi-Zoned
  • Heating: Forced Air, Gas-Natural, Multi-Zoned
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas

Lot Info

  • Location: Beach Block, Corner
  • Lot Dimensions: 50x62.5
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2016
Closed on
Oct 25, 2016
Sold by
Piraino Builders Llc
Bought by
Falcione Aaron R and Falcione Sloane M
Seller's Agent
ROSENZWEIG, TROY ROSENZWEIG
BHHS FOX and ROACH-Margate
Buyer's Agent
ROSENZWEIG, TROY ROSENZWEIG
BHHS FOX and ROACH-Margate
List Price
$1,765,000
Sold Price
$1,765,000
Current Estimated Value
$3,717,698

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,952,698
Avg. Annual Appreciation
8.88%

Purchase Details

Listed on
Sep 28, 2015
Closed on
Feb 24, 2016
Sold by
Luria Timothy F and Luria Peter D
Bought by
Piraino Builders Llc
Seller's Agent
Kevin Corocan
KEVIN CORCORAN REAL ESTATE
Buyer's Agent
ROSENZWEIG, TROY ROSENZWEIG
BHHS FOX and ROACH-Margate
List Price
$800,000
Sold Price
$800,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
200.12%
Original Mortgage
$800,000
Interest Rate
3.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 12, 1990
Bought by
Luria L Luria,Tf and Luria Luria,Pd
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Falcione Aaron R $1,765,000 --
Piraino Builders Llc $800,000 Surety Title
Luria L Luria,Tf -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Falcione Aaron R $1,291,900
Previous Owner Piraino Builders Llc $800,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/16/2016 11/16/16 Sold $1,765,000 +120.6% --
04/10/2016 04/10/16 Pending -- -- --
02/26/2016 02/26/16 Sold $800,000 -54.7% --
02/26/2016 02/26/16 For Sale $1,765,000 +120.6% --
01/05/2016 01/05/16 Pending -- -- --
09/28/2015 09/28/15 For Sale $800,000 -- --
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 $27,280 $1,597,200 $637,900 $959,300
2023 $25,204 $1,597,200 $637,900 $959,300
2022 $25,204 $1,597,200 $637,900 $959,300
2021 $24,852 $1,597,200 $637,900 $959,300
2020 $24,725 $1,597,200 $637,900 $959,300
2019 $24,629 $1,597,200 $637,900 $959,300
2018 $24,964 $1,597,200 $637,900 $959,300
2017 $15,381 $982,800 $637,900 $344,900
2016 $9,645 $637,900 $637,900 $0
2015 $9,492 $637,900 $637,900 $0
2014 $9,313 $637,900 $637,900 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2016

    ROSENZWEIG, TROY ROSENZWEIG

    BHHS Fox & Roach

    (609) 209-4495

    138 in this area

    174 Total Sales

    Section Image

  • K

    Seller's Agent in 2016

    Kevin Corocan

    KEVIN CORCORAN REAL ESTATE

    (609) 348-0077

    1 in this area

    30 Total Sales

    Section Image

  • R

    Seller Co-Listing Agent in 2016

    ROSENZWEIG, TROY SCHERR

    BHHS Fox & Roach

    (609) 209-4495

    138 in this area

    174 Total Sales

    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 463509

South Jersey Shore Regional MLS

APN: 16-00006-01-00001

New Jersey Atlantic County Margate City 08402

101 S Franklin Ave, Margate City, NJ

This home is located at 101 S Franklin Ave, Margate City, NJ 08402 since 26 February 2016 and is currently estimated at $3,717,698. This property was built in 2016. 101 S Franklin Ave is a home located in Atlantic County with nearby schools including William H. Ross III Intermediate School, Eugene A. Tighe Middle School, and Blessed Sacrament Regional School.

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