NOT LISTED FOR SALE

116 N Lancaster Ave Margate City, NJ 08402

Estimated Value: $1,039,000 - $2,862,000

5 Beds
5 Baths
1,164 Sq Ft
$1,632/Sq Ft Est. Value

About This Home

This home is located at 116 N Lancaster Ave, Margate City, NJ 08402 and is currently estimated at $1,900,074, approximately $1,632 per square foot. 116 N Lancaster 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.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 9, 2024
Sold by
Mcelroy Catherine M
Bought by
116 N Lancaster Ave Llc
Current Estimated Value
$1,900,074

Purchase Details

Closed on
Jan 14, 2022
Sold by
Mcelroy Catherine M and Mcelroy Andrew F
Bought by
Mcelroy Catherine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,020,000
Interest Rate
2.87%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 13, 1961
Bought by
Mcelroy Andrew F and C N
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
116 N Lancaster Ave Llc $950,000 Surety Title
Mcelroy Catherine M -- Drew Danielle
Mcelroy Andrew F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcelroy Catherine M $1,020,000
Previous Owner Mcelroy Catherine M $1,020,000
Source: Public Records

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 $6,414 $375,500 $296,900 $78,600
2024 $6,414 $375,500 $296,900 $78,600
2023 $5,925 $375,500 $296,900 $78,600
2022 $5,925 $375,500 $296,900 $78,600
2021 $5,843 $375,500 $296,900 $78,600
2020 $5,813 $375,500 $296,900 $78,600
2019 $5,790 $375,500 $296,900 $78,600
2018 $5,869 $375,500 $296,900 $78,600
2017 $5,877 $375,500 $296,900 $78,600
2016 $5,678 $375,500 $296,900 $78,600
2015 $5,587 $375,500 $296,900 $78,600
2014 $5,482 $375,500 $296,900 $78,600
Source: Public Records

Map

New Jersey Atlantic County Margate City 08402

116 N Lancaster Ave, Margate City, NJ

This home is located at 116 N Lancaster Ave, Margate City, NJ 08402 and is currently estimated at $1,900,074, approximately $1,632 per square foot. 116 N Lancaster 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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