$3,100,000
SOLD JAN 31, 2020

111 S Union Ave Margate City, NJ 08402

4 Beds
5.5 Baths
-- Sq Ft
4,008 Sq Ft Lot

Recently Sold

9% Below List Price

44 Days on Market

Highlights

  • Ocean Front
  • Building is beachfront but unit may not have water views
  • Multiple Fireplaces
  • William H. Ross III Intermediate School Rated A-
  • Deck
  • Marble Flooring

About This Home

As of January 2020

SPECTACULAR DIRECT OCEANFRONT!! Located in the highly desirable Parkway section of Margate this beautiful home features 4 bedrooms, 5 and a half baths and BREATHTAKING OCEANVIEWS! Hardwood floors throughout wonderful open living space with custom kitchen featuring huge wrap around breakfast bar. Enjoy your morning cup of coffee on the beachfront patio. Large master suite lets in gorgeous views of the beach! Each bedroom suite offers it's own private deck. One car garage, driveway for 5+ car parking, and 80 FEET OF BEACHFRONT!! Enjoy luxury living on the beach...CALL TODAY!!

Last Agent to Sell the Property

Paula Hartman

BHHS FOX and ROACH-Margate Listed on: 10/02/2019

BHHS FOX and ROACH-Margate

Co-Listed By

Brian Hiltner

BHHS FOX and ROACH-Margate II

Last Buyer's Agent

Paula Hartman

BHHS FOX and ROACH-Margate Listed on: 10/02/2019

BHHS FOX and ROACH-Margate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $66,084

Year Built

  • Built in 1948

Lot Details

  • Lot Dimensions are 50x80
  • Building is beachfront but unit may not have water views
  • Ocean Front

Parking

  • 1 Car Garage

Home Design

  • Brick Exterior Construction
  • Stone Exterior Construction
  • Stucco

Interior Spaces

  • 3-Story Property
  • Ceiling Fan
  • Multiple Fireplaces
  • Family Room with Fireplace
  • Dining Area
  • Water Views
  • Crawl Space

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Home Security

  • Burglar Security System
  • Storm Screens
  • Fire and Smoke Detector

Outdoor Features

  • Deck
  • Patio

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

$66,084

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 3 Story
  • Age: 25+ Years
  • Lvt Date: 10/02/2019
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Appliances: Burglar Alarm, Disposal, Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Built-In, Family Room, More Than 1
  • Flooring: Hardwood, Marble, Tile, W/W Carpet
  • Interior Amenities: Kitchen Center Island, Security System, Smoke/Fire Alarm, Walk In Closet
  • Bedrooms: 4
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Basement: Crawl Space
  • Other Rooms: Dining Area, Eat In Kitchen

Exterior Features

  • Outside Features: Curbs, Deck, Patio, Paved Road, Sidewalks
  • Siding Exterior: Brick, Stone, Stucco
  • Storm Screens: Combination

Garage/Parking

  • Driveway: Concrete
  • Garage: One Car
  • Parking Exterior: Three Or More Cars

Utilities

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

Lot Info

  • Location: Beach Block, Ocean Front, Water View
  • Lot Dimensions: 50x80
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2019
Closed on
Jan 27, 2020
Sold by
Bertino John J and Bertino Amy M
Bought by
Wassersug Mark and Wassersug Dara
Seller's Agent
Paula Hartman
BHHS FOX and ROACH-Margate
Buyer's Agent
Paula Hartman
BHHS FOX and ROACH-Margate
List Price
$3,399,000
Sold Price
$3,100,000
Premium/Discount to List
-$299,000
-8.8%
Current Estimated Value
$4,411,458

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,311,458
Avg. Annual Appreciation
6.51%

Purchase Details

Closed on
May 26, 2006
Sold by
Brick Philip
Bought by
Bertino John and Bertino Amy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,960,000
Interest Rate
6.55%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 11, 1991
Sold by
Brick Philip A
Bought by
Brick Philip A and Brick Margaret R
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $3,100,000 First Amer Ttl Ins Comapny
Deed $3,700,000 --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $2,435,000 Commercial
Previous Owner $1,487,500 Adjustable Rate Mortgage/ARM
Previous Owner $1,750,000 New Conventional
Previous Owner $2,960,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2020 08/01/20 Rented -- -- --
07/01/2020 07/01/20 Rented -- -- --
04/17/2020 04/17/20 Price Changed $50,000 +66.7% --
04/17/2020 04/17/20 For Rent $30,000 0.0% --
01/31/2020 01/31/20 Sold $3,100,000 0.0% --
01/10/2020 01/10/20 For Rent $75,000 0.0% --
11/15/2019 11/15/19 Pending -- -- --
10/02/2019 10/02/19 For Sale $3,399,000 -- --
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 $66,084 $3,869,100 $1,840,000 $2,029,100
2024 $66,084 $3,869,100 $1,840,000 $2,029,100
2023 $61,054 $3,869,100 $1,840,000 $2,029,100
2022 $38,315 $2,428,100 $1,840,000 $588,100
2021 $28,630 $1,840,000 $1,840,000 $0
2020 $34,042 $2,199,100 $1,840,000 $359,100
2019 $33,910 $2,199,100 $1,840,000 $359,100
2018 $34,372 $2,199,100 $1,840,000 $359,100
2017 $34,416 $2,199,100 $1,840,000 $359,100
2016 $33,250 $2,199,100 $1,840,000 $359,100
2015 $32,723 $2,199,100 $1,840,000 $359,100
2014 $32,107 $2,199,100 $1,840,000 $359,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 528799

South Jersey Shore Regional MLS

APN: 16-00021-0000-00006