NOT LISTED FOR SALE

11 N Jefferson Ave Margate City, NJ 08402

Estimated Value: $693,000

2 Beds
1 Bath
-- Sq Ft
5,750 Sq Ft Lot

Last Sold November 05, 2019

Last sale price $542,500

Est. 28% increase in value since last sale

Current estimated payment $4,462/month

110 Days on Market

Highlights

  • Deck
  • Eat-In Kitchen
  • Outdoor Shower
  • William H. Ross III Intermediate School Rated A-
  • Living Room
  • Central Air

About This Home

As of November 2019

This lovely duplex (possible triplex) is located in a great area of Margate...close to restaurants, shopping, convenience stores and a wide, lovely beach. It is on a large lot (50 x 115') with a THIRD SEPARATE UNIT in the rear of the property. It was damaged by Superstorm Sandy and never repaired. This building was a 3rd unit on the property for years. First floor is tenant occupied @ $1500 per month, plus utilities. The second floor is used by the owner. Opportunity is knocking! Have a great unit at the shore, plus income to pay the expenses!

Last Agent to Sell the Property

EILEEN CIOFFI

BHHS FOX and ROACH-Margate Listed on: 08/06/2018

BHHS FOX and ROACH-Margate

Last Buyer's Agent

Vincent Novelli

Compass Real Estate-Margate

Compass Real Estate-Margate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • Lot Dimensions are 50 x 115

Home Design

  • Duplex
  • Brick Exterior Construction

Interior Spaces

  • Insulated Windows
  • Living Room
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Laundry

  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Parking Pad

Outdoor Features

  • Outdoor Shower
  • Deck

Utilities

  • Central Air
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Separate Meters
  • Gas Water Heater

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Duplex
  • Lvt Date: 08/08/2018
  • Year Built: 1954
  • Allow Comsumer Comment: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Washer
  • Basement: Crawl Space
  • Other Rooms: Eat In Kitchen, Living Room

Exterior Features

  • Outside Features: Deck, Outside Shower
  • Siding Exterior: Brick
  • Storm Screens: Insulated Glass

Garage/Parking

  • Driveway: Concrete
  • Parking Exterior: Two Car, Parking Pad

Utilities

  • Air Conditioner: Central
  • Heating: Baseboard, Gas-Natural
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas

Lot Info

  • Lot Dimensions: 50 x 115

Rental Info

  • Rental Information: Yearly

Multi Family

  • Number Of Units: 2
  • Number Of2 Bedroom Units: 2
  • Separate Meters: Cooling, Electric, Gas, Heat, Hot Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 30, 2020
Sold by
Baglivo Steven B
Bought by
Erlichman Neil and Erlichman Andrea
Current Estimated Value
$693,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$686,250
Outstanding Balance
$610,989
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 6, 2018
Closed on
Nov 5, 2019
Sold by
Girardi Elaine Marie
Bought by
Baglivo Steven B
Seller's Agent
EILEEN CIOFFI
BHHS FOX and ROACH-Margate
Buyer's Agent
Vincent Novelli
Compass Real Estate-Margate
List Price
$650,000
Sold Price
$542,500
Premium/Discount to List
-$107,500
-16.54%

Purchase Details

Closed on
Sep 5, 1995
Sold by
Mychol Michael and Mychol Helen
Bought by
Girardi Elaine Marie
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Erlichman Neil $915,000 American Legal Abstract Llc
Baglivo Steven B $542,500 City Abstract Llc
Girardi Elaine Marie -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Erlichman Neil $686,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/05/2019 11/05/19 Sold $542,500 0.0% --
04/23/2019 04/23/19 Rented -- -- --
04/11/2019 04/11/19 Price Changed $10,500 0.0% --
11/24/2018 11/24/18 Pending -- -- --
10/18/2018 10/18/18 Price Changed $599,000 0.0% --
10/09/2018 10/09/18 Price Changed $12,000 +9.1% --
09/18/2018 09/18/18 For Rent $11,000 0.0% --
08/06/2018 08/06/18 For Sale $650,000 -- --
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
2025 -- -- -- --
2020 $1,326 $342,700 $342,700 $0
2019 -- $550,000 $342,700 $207,300
2018 -- $550,000 $342,700 $207,300
2017 -- $550,000 $342,700 $207,300
2016 -- $550,000 $342,700 $207,300
2015 -- $596,800 $342,700 $254,100
2014 -- $596,800 $342,700 $254,100
Source: Public Records

Agents Affiliated with this Home

  • EILEEN CIOFFI

    Seller's Agent in 2019

    EILEEN CIOFFI

    BHHS Fox & Roach

    (609) 226-2286

    14 in this area

    27 Total Sales

    EILEEN CIOFFI
    Section Image
  • LYDIA LEWIS

    Buyer's Agent in 2019

    LYDIA LEWIS

    MARKETPLACE REALTY

    (609) 457-6643

    6 in this area

    51 Total Sales

    LYDIA LEWIS
    Section Image
  • Vincent Novelli

    Buyer's Agent in 2019

    Vincent Novelli

    Compass Real Estate-Margate

    (609) 335-4501

    48 in this area

    73 Total Sales

    Vincent Novelli
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 509452

South Jersey Shore Regional MLS

APN: 16-00228-0000-00307

New Jersey Atlantic County Margate City 08402

11 N Jefferson Ave, Margate City, NJ

This home is located at 11 N Jefferson Ave, Margate City, NJ 08402 since 06 August 2018 and is currently priced at $693,000. This property was built in 1954. 11 N Jefferson 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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