NOT LISTED FOR SALE

118 N Jefferson Ave Unit B Margate City, NJ 08402

Estimated Value: $936,097 - $1,151,000

3 Beds
3 Baths
-- Sq Ft
3,093 Sq Ft Lot

Last Sold October 28, 2022

Last sale price $825,000

Est. 24% increase in value since last sale

Current estimated payment $5,948/month

Highlights

  • Water Views
  • Unit is on the top floor
  • Main Floor Primary Bedroom
  • William H. Ross III Intermediate School Rated A-
  • Cathedral Ceiling
  • Furnished

About This Home

As of October 2022

Great value for a buyer looking to move right into an impeccably maintained home! Fabulous and pristine three bedroom, three full bath condominium centrally located in Margate’s highly desirable Marina District. Shows better than new, only 4 years old!!! Two master suites. 1600 square feet. This beautifully furnished home is a short walk to the beach and the restaurants at the bay. With wide plank flooring throughout, the open concept main level has a dream kitchen with gorgeous cabinets, stainless-steel appliances and granite counter tops. The living room with its vaulted ceiling has a cozy gas fireplace and leads out to the lovely deck complete with the perfect outdoor couches and table. Entertain friends or just right for one or two enjoying a coffee or cocktail while reflecting on another perfect beach day in Margate. The main level has two well sized bedrooms, and two full baths. The one bedroom has the bath next to it in the hallway and the other is the main floor master bedroom with a vaulted ceiling and its own bathroom. The second level has water views and is a wonderful, generously sized flexible space that can serve as a second, private and away from it all master bedroom with its own bathroom and large closet or alternatively as another living space - loft family room or even a media room! The choices are endless. Large driveway will accommodate at least two cars, no more looking around for parking! Walk everywhere! Huge storage area, secluded rear yard, outdoor shower, pets allowed. Depending on your mood, walk to the beach, shopping, fine restaurants, mini golf or to the bay for boating, waterpark, jet skiing and the new Margate Boardwalk. Live the dream in Margate!

Last Agent to Sell the Property

Rochelle Levine

BHHS FOX and ROACH-Margate Listed on: 09/13/2022

BHHS FOX and ROACH-Margate

Last Buyer's Agent

Michelle Schoen

BHHS FOX and ROACH-Brigantine

BHHS FOX and ROACH-Brigantine

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,006

Lot Details

  • 3,093

Parking

  • 2 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Concrete Siding
  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Blinds
  • Living Room with Fireplace
  • Water Views
  • Storage In Attic

Kitchen

  • Self-Cleaning Oven
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Bathroom on Main Level
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Location

  • Unit is on the top floor

Utilities

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

Community Details

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,006

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Also Includes: Blinds, Furnished
  • Age: 2 To 5 Years
  • Number Of Levels In Unit: Two
  • Number Of Stories In Bldg: Three To Five
  • Unit Location: Top Floor, Water View
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Appliances: Dryer, Disposal, Dishwasher, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Built-In, Gas Log, Living Room
  • Bedrooms: 3
  • Full Bathrooms: 3
  • Bathroom 1 Level: Main
  • Bathroom 2 Level: Main
  • Bathroom 3 Level: Upper
  • Other Rooms: Laundry/Utility Room, Primary Br On 1st Floor, Pantry, Storage Attic

Exterior Features

  • Siding Exterior: Brick, Concrete, Vinyl

Garage/Parking

  • Parking Exterior: Two Car

Utilities

  • Air Conditioner: Ceiling Fan(s), Central
  • Heating: Forced Air, 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: Cathedral Ceiling(s), Fireplace(s), Master Bath, Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2022
Closed on
Oct 27, 2022
Sold by
Pinkerton Michael D and Pinkerton Laurie A
Bought by
Wainwright Richard C and Wainwright Kristina L
Seller's Agent
Rochelle Levine
BHHS FOX and ROACH-Margate
Buyer's Agent
Michelle Schoen
BHHS FOX and ROACH-Brigantine
List Price
$780,000
Sold Price
$825,000
Premium/Discount to List
$45,000
5.77%
Views
18
Current Estimated Value
$1,019,774

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$194,774
Avg. Annual Appreciation
7.32%
Original Mortgage
$660,000
Interest Rate
5.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 20, 2019
Sold by
Savopoulos Nicholas S
Bought by
Pinkerton Michael D and Siegrist Laurie A

Purchase Details

Closed on
May 25, 2005
Sold by
Armstrong Development Llc
Bought by
Savopoulos Nicholas S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$477,000
Interest Rate
2%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Wainwright Richard C $825,000 None Listed On Document
Pinkerton Michael D $425,000 Presidential Title Agcy Inc
Savopoulos Nicholas S $530,000 The Title Company Of Jersey
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wainwright Richard C $660,000
Previous Owner Savopoulos Nicholas S $477,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2022 10/28/22 Sold $825,000 +5.8% --
09/18/2022 09/18/22 Pending -- -- --
09/13/2022 09/13/22 For Sale $780,000 -- --
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 $7,006 $410,200 $114,000 $296,200
2024 $7,006 $410,200 $114,000 $296,200
2023 $6,473 $410,200 $114,000 $296,200
2022 $6,473 $410,200 $114,000 $296,200
2021 $6,383 $410,200 $114,000 $296,200
2020 $6,350 $410,200 $114,000 $296,200
2019 $6,325 $410,200 $114,000 $296,200
Source: Public Records

Agents Affiliated with this Home

  • Rochelle Levine

    Seller's Agent in 2022

    Rochelle Levine

    BHHS Fox & Roach

    (856) 745-4309

    15 in this area

    37 Total Sales

    Rochelle Levine
    Section Image
  • Michelle Schoen

    Buyer's Agent in 2022

    Michelle Schoen

    BHHS Fox & Roach

    (267) 251-3975

    2 in this area

    78 Total Sales

    Michelle Schoen
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 567115

South Jersey Shore Regional MLS

APN: 16 00329-0000-00414-0000-C000B

New Jersey Atlantic County Margate City 08402

118 N Jefferson Ave Unit B, Margate City, NJ

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