NOT LISTED FOR SALE

112 N Decatur Ave Unit B Margate City, NJ 08402

Estimated Value: $1,137,242 - $1,204,000

4 Beds
2.5 Baths
-- Sq Ft
0.5 Acres

Last Sold May 18, 2023

Last sale price $997,500

Est. 18% increase in value since last sale

Current estimated payment $7,164/month

88 Days on Market

Highlights

  • Recreation Room
  • Den
  • Shades
  • William H. Ross III Intermediate School Rated A-
  • Fireplace
  • Eat-In Kitchen

About This Home

As of May 2023

Just in time for summer 2023!!! 112 N. Decatur Ave. Unit B in Margate is a beautifully appointed 4 bedroom 2 1/2 bath home located with-in walking distance to anything that you could possibly need... Park your car and walk to the beach, bars, restaurants, shops, the bay, creamery's, pizza, liquor store, mini-golf, the pharmacy, Aversa, Wawa, Water Park, and of course the Fall Fun Fest. The list goes on and on. And if you have little ones, the home is diagonally across the street from the playground and across the street from the police department so you are always safe and secure. Flood insurance is $830 per year. The taxes are $8172 with 1777 ft.² of livable air-conditioned space with a 2 car attached garage. Add one additional off-street parking spot and there's enough parking for everyone. The home has been upgraded, beautifully maintained and is a must see. Most major renovations occurred in 2022 and have rarely been enjoyed since. The home has been power washed every other year since construction and includes a newer working hot tub on the back patio. This is definitely the place to make all your memories. SOME OF THE IMPROVEMENTS INCLUDE BUT ARE NOT LIMITED TO: 2008: Fenced in back and side yards 2008: Built a new outside shower 2009: Back patio with pavers 2010: Amended deed so owners own backyard space outright (not common) 2010: Added ceiling storage in garage, including hooks for chairs and bikes and overhead storage for items like kayak and surfboard. 2013: Added separate HVAC for 2nd and 3rd floor. House is now dual zoned. 2015: Installed new mailbox with flower bed 2020: New modern siding on front of house 2020: Installed new tankless water heater. 2021: New front door with keypad and built in shades. 2022: New back slider door with built in shades. 2022: Completely renovated kitchen with farmhouse sink, high-end appliance(GE Cafe), and large peninsula. 2022: Refinished original hardwood floors throughout. Also added new hardwood (replaced carpet) in all bedrooms. 2022: Installed new shelving in pantry. 2022: All new paint throughout. 2022: Completely renovated powder room on first floor., including new toilet, flooring, and sink. 2022: Completely renovated second floor bathroom, including adding a double sink and new floor. 2022: New toilets through, all comfort height. 2022: Completely renovated Master Suite including state of the art shower, sinks, flooring, and makeup vanity. 2022: New modern Light fixtures and ceiling fans throughout. 2022: TV mounting in family room and Master bedroom. 2022: All new window treatments, including shutters downstairs and in bathrooms. 2022: New exterior light fixtures. 2022: Added storage space on third floor- access from Master Bathroom. 2022: Upgraded garage door with remote control access from phone

Last Agent to Sell the Property

Eric Millstein

Soleil Sotheby's International Realty - A License #1757387 Listed on: 02/08/2023

Soleil Sotheby's International Realty - A

Last Buyer's Agent

Michael Crovo

Compass New Jersey-Ocean City (O463E) License #0786262

Compass New Jersey-Ocean City (O463E)

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $8,846

Lot Details

  • 0.5

Parking

  • 2 Car Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Fireplace
  • Shades
  • Blinds
  • Entrance Foyer
  • Dining Area
  • Den
  • Recreation Room
  • Burglar Security System

Kitchen

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

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

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

Community Details

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$8,846

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Townhouse
  • Also Includes: Blinds, Shades
  • Lvt Date: 02/08/2023
  • Age: 16 To 20 Years
  • Number Of Levels In Unit: Three
  • Number Of Stories In Bldg: Three To Five
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 2

Interior Features

  • Appliances: Burglar Alarm, Disposal, Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Built-In
  • Bedrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Other Rooms: Den/Tv Room, Dining Area, Eat In Kitchen, Laundry/Utility Room, Pantry, Recreation/Family

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Management: Co-Owner

Rental Info

  • Pets: Yes

Multi Family

  • Unit Features: Fireplace(s), Foyer, Master Bath, Pets Allowed, Walk In/Cedar Closet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2023
Closed on
May 16, 2023
Sold by
Tomcavage Mark
Bought by
Incollingo Food Service Llc
Seller's Agent
Eric Millstein
Soleil Sotheby's International Realty - A
Buyer's Agent
Michael Crovo
Compass New Jersey-Ocean City (O463E)
List Price
$1,450,000
Sold Price
$997,500
Premium/Discount to List
-$452,500
-31.21%
Views
414
Current Estimated Value
$1,173,779

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$176,279
Avg. Annual Appreciation
7.35%

Purchase Details

Closed on
Mar 29, 2007
Sold by
Decatur Ave Group Llc
Bought by
Tomcavage Mark and Tomcavage Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage
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
Incollingo Food Service Llc $997,500 Surety Title
Tomcavage Mark $825,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tomcavage Mark R $417,000
Previous Owner Tomcavage Mark $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/18/2023 05/18/23 Sold $997,500 -9.3% --
05/07/2023 05/07/23 Pending -- -- --
04/27/2023 04/27/23 Price Changed $1,100,000 -8.3% --
03/02/2023 03/02/23 Price Changed $1,199,999 -17.2% --
02/08/2023 02/08/23 For Sale $1,450,000 -- --
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
2024 $8,846 $517,900 $265,300 $252,600
2023 $8,172 $517,900 $265,300 $252,600
2022 $8,172 $517,900 $265,300 $252,600
2021 $8,059 $517,900 $265,300 $252,600
2020 $8,017 $517,900 $265,300 $252,600
2019 $7,986 $517,900 $265,300 $252,600
2018 $8,095 $517,900 $265,300 $252,600
2017 $8,105 $517,900 $265,300 $252,600
2016 $7,831 $517,900 $265,300 $252,600
2015 $7,706 $517,900 $265,300 $252,600
2014 $7,561 $517,900 $265,300 $252,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 570937

South Jersey Shore Regional MLS

APN: 16-00326-0000-00034-03-C000B