NOT LISTED FOR SALE

102 S Lancaster Ave Margate City, NJ 08402

Estimated Value: $2,929,111 - $3,616,000

5 Beds
4.5 Baths
2,953 Sq Ft
$1,098/Sq Ft Est. Value

Last Sold October 08, 2021

Last sale price $1,840,000 $623 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $18,681/month

Highlights

  • Water Views
  • Building is beachfront but unit may not have water views
  • Great Room
  • William H. Ross III Intermediate School Rated A-
  • Deck
  • Den

About This Home

As of October 2021

Lowest priced Beach Block home on the market! Perfect 5 bedroom 4 bath Parkway Section leaves nothing more to be desired. Wide open concept on first floor with huge Living room with tile floors and recessed lighting. Brand New Chefs kitchen is complete with stainless steel Viking appliances, white cabinets, backsplash, wet bar with beverage cooler, Caesarstone Quartz countertop and breakfast island. Also on this floor is Formal dining room for any size family with Chandelier, Large at home office with 2 desks, and Den that can be used as a 1st floor bedroom with closet , powder room and additional full bath. Enjoy sunrises over the beach on your large covered front deck with vinyl railings. Second floor boasts large bedrooms including 2 master suites both of which have a private deck with amazing direct Ocean Views! Bathrooms are updated with tile and waterfall shower heads and his/hers vanities. Other features include gas heat, Central Air, vinyl siding, off street parking for 3 cars and storage shed.

Last Agent to Sell the Property

Jeff Quintin

eXp Realty - Ocean City S382K Listed on: 03/08/2021

Last Buyer's Agent

Audrey Panitch Levin

Compass Real Estate-Margate License #2078565

Compass Real Estate-Margate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,523

Lot Details

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

Parking

  • 3 Car Detached Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Bar
  • Ceiling Fan
  • Great Room
  • Dining Room
  • Den
  • Library
  • Storage
  • Water Views
  • Fire and Smoke Detector

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio

Utilities

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,523

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 2 Story
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Flooring: Tile, Laminate Flooring
  • Interior Amenities: Bar, Kitchen Center Island, Storage, Smoke/Fire Alarm
  • Bedrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Other Rooms: Breakfast Nook, Den/Tv Room, Dining Area, Dining Room, Eat In Kitchen, Great Room, Laundry/Utility Room, Library/Study, Pantry

Exterior Features

  • Outside Features: Deck, Patio
  • Siding Exterior: Vinyl

Garage/Parking

  • Driveway: Concrete
  • Garage: Detached Garage
  • Parking Exterior: Three Or More Cars

Utilities

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

Lot Info

  • Location: Beach Block, Water View
  • Lot Dimensions: 50x62
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2021
Closed on
Oct 6, 2021
Sold by
Cohen Todd S
Bought by
Panitch Irwin and Panitch Orlee
Seller's Agent
Jeff Quintin
eXp Realty - Ocean City S382K
Buyer's Agent
Audrey Panitch Levin
Compass Real Estate-Margate
List Price
$2,150,000
Sold Price
$1,840,000
Premium/Discount to List
-$310,000
-14.42%
Current Estimated Value
$3,242,370

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,402,370
Avg. Annual Appreciation
14.97%
Original Mortgage
$1,288,000
Interest Rate
2.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 22, 2010
Sold by
Jacobs Lawrence and Jacobs Hannah
Bought by
Cohen Todd S and Cohen Melissa F

Purchase Details

Closed on
Sep 12, 2005
Sold by
Brody Jeffrey
Bought by
Jacobs Lawrence and Jacobs Hannah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,500
Interest Rate
5.84%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 2, 2003
Sold by
Bresson Elayne
Bought by
Brody Jeffrey and Brody Lisa

Purchase Details

Closed on
Jul 20, 2000
Sold by
Wigrizer Debra and Bresson Elayne
Bought by
Wigrizer Debra and Bresson Elayne

Purchase Details

Closed on
Sep 20, 1996
Sold by
Wigrizer Debra and Bresson Jerome
Bought by
Wigrizer Debra and Bresson Elayne

Purchase Details

Closed on
Nov 6, 1990
Sold by
Cossoy Stanley A and Cossoy Betty J
Bought by
Bresson Jerome and Bresson Elayne
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
Panitch Irwin $1,840,000 Facenda Kristopher J
Cohen Todd S $1,370,000 First American Title Ins Co
Jacobs Lawrence $1,675,000 --
Brody Jeffrey $765,000 --
Brody Jeffrey $765,000 The Title Company Of Jersey
Wigrizer Debra -- --
Wigrizer Debra -- --
Bresson Jerome $460,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Panitch Irwin $1,288,000
Previous Owner Jacobs Lawrence $172,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/08/2021 10/08/21 Sold $1,840,000 +2.2% $623 / Sq Ft
07/15/2021 07/15/21 Pending -- -- --
07/12/2021 07/12/21 Price Changed $1,799,900 -10.0% $610 / Sq Ft
06/10/2021 06/10/21 Price Changed $1,999,900 -4.7% $677 / Sq Ft
04/03/2021 04/03/21 Price Changed $2,099,000 -2.4% $711 / Sq Ft
03/08/2021 03/08/21 For Sale $2,150,000 -- $728 / Sq Ft
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
2025 $20,523 $1,201,600 $853,200 $348,400
2024 $20,523 $1,201,600 $853,200 $348,400
2023 $18,961 $1,201,600 $853,200 $348,400
2022 $18,961 $1,201,600 $853,200 $348,400
2021 $18,697 $1,201,600 $853,200 $348,400
2020 $18,601 $1,201,600 $853,200 $348,400
2019 $18,529 $1,201,600 $853,200 $348,400
2018 $18,781 $1,201,600 $853,200 $348,400
2017 $18,805 $1,201,600 $853,200 $348,400
2016 $18,168 $1,201,600 $853,200 $348,400
2015 $17,880 $1,201,600 $853,200 $348,400
2014 $17,543 $1,201,600 $853,200 $348,400
Source: Public Records

Agents Affiliated with this Home

  • Jeff Quintin

    Seller's Agent in 2021

    Jeff Quintin

    eXp Realty - Ocean City S382K

    (609) 398-5333

    13 in this area

    490 Total Sales

    Jeff Quintin
    Section Image
  • Audrey Panitch Levin

    Buyer's Agent in 2021

    Audrey Panitch Levin

    Compass Real Estate-Margate

    (267) 250-8224

    35 in this area

    62 Total Sales

    Audrey Panitch Levin
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 548020

South Jersey Shore Regional MLS

APN: 16-00013-0000-00010

New Jersey Atlantic County Margate City 08402

102 S Lancaster Ave, Margate City, NJ

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