NOT LISTED FOR SALE

11 S Adams Ave Unit 6 Margate City, NJ 08402

Estimated Value: $885,000 - $1,089,000

3 Beds
3 Baths
-- Sq Ft
0.29 Acres

Last Sold April 09, 2021

Last sale price $610,000

Est. 61% increase in value since last sale

Current estimated payment $5,692/month

5 Days on Market

Highlights

  • Wood Flooring
  • End Unit
  • Eat-In Kitchen
  • William H. Ross III Intermediate School Rated A-
  • Great Room
  • Laundry Room

About This Home

As of April 2021

Absolutely Stunning Townhouse located near the Beach and at the South End of Margate, featuring 3 Full Bedrooms & 3 Full Bathrooms, a Beautiful Brand new Kitchen, Nice Open Layout that is Perfect for Entertaining guests. The Master Suite has it's own Private Deck. New Skylights, Multiple Decks with New Trex Decking, Hardwood Floors & Tile Floors are also some of the upgrades. You have your own private covered Carport for you cars, a large locked storage shed & an outdoor shower. Fabulous South Side Location, Walk to Shops, some of the Best Restaurants, Mini Golf, Custard & More. Furniture negotiable.

Last Agent to Sell the Property

Susan and Louis Solomon

BHHS FOX and ROACH-Margate Listed on: 02/22/2021

BHHS FOX and ROACH-Margate

Last Buyer's Agent

William Nagle

LONG and FOSTER REAL ESTATE INC-Ocean City, 9th St License #1436125

Townhouse Details

Home Type

  • Townhome

Lot Details

  • End Unit

Home Design

  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Free Standing Fireplace
  • Blinds
  • Entrance Foyer
  • Great Room
  • Living Room with Fireplace

Kitchen

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

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Car Garage
  • Assigned Parking

Utilities

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

Community Details

Overview

  • Association fees include insurance, maintenance, management
  • Adams Terrace Condos

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Townhouse
  • Also Includes: Blinds
  • Number Of Levels In Unit: Three
  • Number Of Stories In Bldg: Three To Five
  • Unit Location: End Unit
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 2

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Free Standing, Living Room
  • Bedrooms: 3
  • Bedroom 1: On Level: Upper
  • Bedroom 2: On Level: Upper
  • Bedroom 3: On Level: Upper
  • Full Bathrooms: 3
  • Dining Room: On Level: Main
  • Kitchen: On Level: Main
  • Living Room: On Level: Main
  • Other Rooms: Eat In Kitchen, Great Room, Laundry/Utility Room

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

  • Garage: Two Car
  • Parking Exterior: Two Car, Assigned

Utilities

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

Condo/Co-op/Association

  • HOA Includes: Insurance, Maintenance, Management
  • Condo Name: Adams Terrace
  • Management: Association, Off-Site Professionals

Rental Info

  • Pets: Yes

Multi Family

  • Unit Features: Fireplace(s), Foyer, Hardwood Floors, Master Bath, Pets Allowed, Skylight, Wall To Wall Carpet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2021
Closed on
Apr 9, 2021
Sold by
Edoff Elaine and Edoff Benjamin
Bought by
Perri Patrick and Perri Kathleen
Seller's Agent
Susan and Louis Solomon
BHHS FOX and ROACH-Margate
Buyer's Agent
William Nagle
LONG and FOSTER REAL ESTATE INC-Ocean City, 9th St
List Price
$659,900
Sold Price
$610,000
Premium/Discount to List
-$49,900
-7.56%
Current Estimated Value
$979,746

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$369,746
Avg. Annual Appreciation
11.20%
Original Mortgage
$488,000
Outstanding Balance
$440,605
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$562,985

Purchase Details

Listed on
May 26, 2020
Closed on
Jul 14, 2020
Sold by
Cupaluolo Alice I
Bought by
Edoff Benjamin and Edoff Elaine
Seller's Agent
Meredith Exum
LPT Realty
Buyer's Agent
Susan and Louis Solomon
BHHS FOX and ROACH-Margate
List Price
$599,900
Sold Price
$520,000
Premium/Discount to List
-$79,900
-13.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.44%

Purchase Details

Closed on
Sep 22, 2017
Sold by
Kelman Craig L and Kelman Amy N
Bought by
Cupaiuolo Alice I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$326,000
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 18, 2011
Sold by
Saddic Concetta and Saddic Christopher
Bought by
Kelman Craig L and Kelman Amy N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 14, 2002
Sold by
Siegel Lawrence and Reider Siegel Judi
Bought by
Saddic Christopher and Saddic Concetta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.43%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 27, 1999
Sold by
Forman Louis and Forman Gwen
Bought by
Siegel Lawrence and Rieder Siegel Judi

Purchase Details

Closed on
Jun 27, 1996
Sold by
Marinari Peter A and Altomonte Joseph
Bought by
Forman Louis and Forman Gwen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,000
Interest Rate
7.98%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Perri Patrick $610,000 None Listed On Document
Edoff Benjamin $520,000 None Listed On Document
Cupaiuolo Alice I $407,500 City Abstract
Kelman Craig L $300,000 First American Title Ins Co
Saddic Christopher $340,000 The Title Company Of Jersey
Siegel Lawrence $224,000 --
Forman Louis $117,500 The Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Perri Patrick $488,000
Previous Owner Cupaiuolo Alice I $326,000
Previous Owner Kelman Craig L $240,000
Previous Owner Saddic Christopher $150,000
Previous Owner Forman Louis $94,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/09/2021 04/09/21 Sold $610,000 -7.6% --
02/27/2021 02/27/21 Pending -- -- --
02/22/2021 02/22/21 For Sale $659,900 +26.9% --
07/17/2020 07/17/20 Sold $520,000 -7.0% -- View Prior Sale
07/03/2020 07/03/20 Pending -- -- --
06/27/2020 06/27/20 Price Changed $559,000 -6.8% --
05/26/2020 05/26/20 For Sale $599,900 -- --
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 $6,458 $378,100 $256,000 $122,100
2024 $6,458 $378,100 $256,000 $122,100
2023 $5,966 $378,100 $256,000 $122,100
2022 $5,966 $378,100 $256,000 $122,100
2021 $5,883 $378,100 $256,000 $122,100
2020 $5,853 $378,100 $256,000 $122,100
2019 $5,830 $378,100 $256,000 $122,100
2018 $5,910 $378,100 $256,000 $122,100
2017 $5,917 $378,100 $256,000 $122,100
2016 $5,717 $378,100 $256,000 $122,100
2015 $5,626 $378,100 $256,000 $122,100
2014 $5,520 $378,100 $256,000 $122,100
Source: Public Records

Agents Affiliated with this Home

  • Susan and Louis Solomon

    Seller's Agent in 2021

    Susan and Louis Solomon

    BHHS Fox & Roach

    (609) 226-5178

    25 in this area

    47 Total Sales

    Susan and Louis Solomon
    Section Image

  • W

    Buyer's Agent in 2021

    William Nagle

    LONG and FOSTER REAL ESTATE INC-Ocean City, 9th St

    2 in this area

    10 Total Sales

    William Nagle
    Section Image
  • Meredith Exum

    Seller's Agent in 2020

    Meredith Exum

    LPT Realty

    (843) 251-8366

    11 in this area

    161 Total Sales

    Meredith Exum
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 547489

South Jersey Shore Regional MLS

APN: 16-00127-0000-00211-0000-C006

New Jersey Atlantic County Margate City 08402

11 S Adams Ave Unit 6, Margate City, NJ

Not Listed for Sale

Townhouses

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