NOT LISTED FOR SALE

116 N Decatur Ave Unit A Margate City, NJ 08402

Estimated Value: $1,266,000 - $1,385,000

3 Beds
2.5 Baths
-- Sq Ft
0.58 Acres

Last Sold October 20, 2023

Last sale price $1,175,000

Est. 10% increase in value since last sale

Current estimated payment $7,860/month

About This Home

As of October 2023

This home is located at 116 N Decatur Ave Unit A, Margate City, NJ 08402 since 21 September 2023 and is currently estimated at $1,315,258. This property was built in 2017. 116 N Decatur Ave Unit A 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.

Last Agent to Sell the Property

Jeff Silva

OCF REALTY, LLC License #0570813 Listed on: 09/21/2023

OCF REALTY, LLC

Last Buyer's Agent

Jacki Silva-Steuer

OCF REALTY, LLC License #0898764

OCF REALTY, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,534

Year Built

  • Built in 2017

Lot Details

  • 0.58

Parking

  • 1.5 Car Garage

Interior Spaces

  • 3-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,534

Year Built

Built in 2017

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Lvt Date: 10/23/2023
  • Year Built: 2017
  • Number Of Levels In Unit: Three
  • Number Of Stories In Bldg: Three To Five
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Bedrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1

Garage/Parking

  • Garage: One And Half Car

Utilities

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

Rental Info

  • Pets: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2023
Closed on
Oct 20, 2023
Sold by
Friedman Lawrence H and Friedman Allison H
Bought by
Lippe Melissa A
Seller's Agent
Jeff Silva
OCF REALTY, LLC
Buyer's Agent
Jacki Silva-Steuer
OCF REALTY, LLC
List Price
$1,175,000
Sold Price
$1,175,000
Current Estimated Value
$1,290,353

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$115,353
Avg. Annual Appreciation
6.43%
Original Mortgage
$805,000
Interest Rate
7.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 23, 2021
Sold by
Strauss Daniel and Strauss Eric
Bought by
Friedman Lawrence H and Friedman Allison H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$548,250
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 31, 2018
Closed on
Apr 17, 2019
Sold by
Decatur Ave Group Llc
Bought by
Strauss Daniel and Strauss Erica
Seller's Agent
Jeff Silva
OCF REALTY, LLC
Buyer's Agent
James Abbott
BHHS FOX and ROACH-Margate
List Price
$599,000
Sold Price
$550,000
Premium/Discount to List
-$49,000
-8.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.84%
Original Mortgage
$412,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 1, 2016
Sold by
Naddsm Development Llc
Bought by
Decatur Ave Group Llc
Source: Public Records

Range of Values:

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ICE

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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
Lippe Melissa A $1,175,000 None Listed On Document
Friedman Lawrence H $750,000 Choice One Abstract Inc
Strauss Daniel $550,000 None Available
Decatur Ave Group Llc $310,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lippe Melissa A $805,000
Previous Owner Friedman Lawrence H $548,250
Previous Owner Strauss Daniel $417,000
Previous Owner Strauss Daniel $417,000
Previous Owner Strauss Daniel A $416,000
Previous Owner Strauss Daniel $412,000
Previous Owner Decatur Ave Group Llc $550,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/20/2023 10/20/23 Sold $1,175,000 0.0% --
09/21/2023 09/21/23 Pending -- -- --
09/21/2023 09/21/23 For Sale $1,175,000 +113.6% --
04/26/2019 04/26/19 Sold $550,000 -4.3% --
04/05/2019 04/05/19 Pending -- -- --
02/20/2019 02/20/19 Price Changed $575,000 -4.0% --
05/31/2018 05/31/18 For Sale $599,000 -- --
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 $9,534 $558,200 $153,900 $404,300
2023 $8,808 $558,200 $153,900 $404,300
2022 $8,808 $558,200 $153,900 $404,300
2021 $8,686 $558,200 $153,900 $404,300
2020 $8,641 $558,200 $153,900 $404,300
2019 $8,607 $558,200 $153,900 $404,300
Source: Public Records

Agents Affiliated with this Home

  • Jeff Silva

    Seller's Agent in 2023

    Jeff Silva

    OCF REALTY, LLC

    (844) 765-3297

    23 in this area

    627 Total Sales

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  • Jacki Silva-Steuer

    Buyer's Agent in 2023

    Jacki Silva-Steuer

    OCF REALTY, LLC

    (215) 694-3003

    6 in this area

    47 Total Sales

    Section Image
  • James Abbott

    Buyer's Agent in 2019

    James Abbott

    BHHS Fox & Roach

    (609) 839-1916

    17 in this area

    63 Total Sales

    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 579011

South Jersey Shore Regional MLS

APN: 16 00326-0000-00034- 01-C000A

New Jersey Atlantic County Margate City 08402

116 N Decatur Ave Unit A, Margate City, NJ

This home is located at 116 N Decatur Ave Unit A, Margate City, NJ 08402 since 21 September 2023 and is currently estimated at $1,315,258. This property was built in 2017. 116 N Decatur Ave Unit A 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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