NOT LISTED FOR SALE

109 S Andover Ave Margate City, NJ 08402

Estimated Value: $1,927,000 - $3,618,000

4 Beds
4.5 Baths
2,860 Sq Ft
$1,028/Sq Ft Est. Value

Last Sold September 26, 2014

Last sale price $1,600,000 $559 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $18,186/month

19 Days on Market

Highlights

  • Contemporary Architecture
  • Wood Flooring
  • No HOA
  • William H. Ross III Intermediate School Rated A-
  • 1 Fireplace
  • Eat-In Kitchen

About This Home

As of September 2014

Spacious & sunny, this elegant professional decorated beach block home boasted unparalleled ocean views from almost every room in the house. The expansive open floor plan features great room w/fireplace, vaulted ceilings, hardwood floors, chef's kitchen & custom bar area. The private master BR suite includes a huge spa bath w/steam shower, walk in closet & private sitting area. Exterior highlights include multiple decks w/ocean views, covered front porch, fenced yard, outdoor shower & lush landscaping.

Last Agent to Sell the Property

Mark Arbeit

Long & Foster - Margate License #TREND:60046029 Listed on: 07/18/2014

Long & Foster - Margate

Last Buyer's Agent

Mark Arbeit

Long & Foster - Margate License #TREND:60046029 Listed on: 07/18/2014

Long & Foster - Margate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $22,351

Year Built

  • Built in 1932

Lot Details

  • 3,125 Sq Ft Lot
  • Lot Dimensions are 50x62
  • Property is zoned S-30

Parking

  • 2 Open Parking Spaces

Home Design

  • Contemporary Architecture
  • Stucco

Interior Spaces

  • 2,860 Sq Ft Home
  • Property has 3 Levels
  • 1 Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Basement Fills Entire Space Under The House
  • Eat-In Kitchen

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Laundry Room
  • Laundry on main level

Utilities

  • Central Air
  • Heating System Uses Gas
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00005
  • Assessor Parcel Number 16-00001 01-00005

Home Details

Home Type

Single Family

Est. Annual Taxes

$22,351

Year Built

Built in 1932

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1932
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring Type: Wood, Fully Carpeted, Tile/Brick
  • Interior Amenities: Kitchen - Eat-In
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 3+
  • Room Count: 12
  • Room List: Living Room, Dining Room, Master Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bedroom 1, Laundry
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Main Floor
  • Total Sq Ft: 2860
  • Living Area Sq Ft: 2860
  • Net Sq Ft: 2860.00
  • Price Per Sq Ft: 576.92
  • Above Grade Finished Sq Ft: 2860
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stucco
  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Gas
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: ATLANTIC CITY SCHOOLS
  • School District Key: 300200396906

Lot Info

  • Improvement Assessed Value: 502900.00
  • Land Assessed Value: 1023800.00
  • Lot Size Acres: 0.07
  • Lot Dimensions: 50X62
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3125.00
  • Zoning: S-30

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 3405306
  • Tax Annual Amount: 22351.00
  • Assessor Parcel Number: 16-00001 01-00005
  • Tax Lot: 00005
  • Tax Year: 2013
  • Close Date: 09/26/2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2014
Closed on
Sep 26, 2014
Sold by
Sidewater Samuel
Bought by
Gottschalk Steven and Gottschalk Lisa
Seller's Agent
Mark Arbeit
Long & Foster - Margate
Buyer's Agent
Mark Arbeit
Long & Foster - Margate
List Price
$1,650,000
Sold Price
$1,600,000
Premium/Discount to List
-$50,000
-3.03%
Current Estimated Value
$2,938,824

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,338,824
Avg. Annual Appreciation
5.72%
Original Mortgage
$1,200,000
Outstanding Balance
$922,957
Interest Rate
4.11%
Mortgage Type
New Conventional
Estimated Equity
$2,015,867
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
Gottschalk Steven $1,550,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gottschalk Steven $1,200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/26/2014 09/26/14 Sold $1,600,000 -3.0% $559 / Sq Ft
07/18/2014 07/18/14 For Sale $1,650,000 -- $577 / Sq Ft
Source: Bright 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 $26,076 $1,526,700 $1,023,800 $502,900
2024 $26,076 $1,526,700 $1,023,800 $502,900
2023 $24,091 $1,526,700 $1,023,800 $502,900
2022 $24,091 $1,526,700 $1,023,800 $502,900
2021 $23,755 $1,526,700 $1,023,800 $502,900
2020 $23,633 $1,526,700 $1,023,800 $502,900
2019 $23,542 $1,526,700 $1,023,800 $502,900
2018 $23,862 $1,526,700 $1,023,800 $502,900
2017 $23,893 $1,526,700 $1,023,800 $502,900
2016 $23,084 $1,526,700 $1,023,800 $502,900
2015 $22,717 $1,526,700 $1,023,800 $502,900
2014 $22,290 $1,526,700 $1,023,800 $502,900
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2014

    Mark Arbeit

    Long & Foster

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Map

Source: Bright MLS

MLS Number: 1003013478

Bright MLS

APN: 16-00001-01-00005

New Jersey Atlantic County Margate City 08402

109 S Andover Ave, Margate City, NJ

This home is located at 109 S Andover Ave, Margate City, NJ 08402 since 18 July 2014 and is currently estimated at $2,938,824, approximately $1,027 per square foot. This property was built in 1932. 109 S Andover 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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