Seller's Agent in 2015
Mark Arbeit
RE/MAX Platinum Properties
(609) 402-5885
29 in this area
53 Total Sales
12 S Rumson Ave Margate City, NJ 08402
Estimated Value: $4,612,021 - $5,412,000
5
Beds
5
Baths
--
Sq Ft
9,409
Sq Ft Lot
Highlights
- In Ground Pool
- Sauna
- Deck
- William H. Ross III Intermediate School Rated A-
- The property is located in a historic district
- Recreation Room
About This Home
As of December 2015A rare offering! This 5 BR 5 BA Margate Parkway estate sprawls over a unique Southside double lot (80' x 117') & sparkles w/over 6500 sq. of living space. An ultimate beach oasis, this home soars w/media room, family room & a master BR suite: 2 huge walk in closets, private deck w/ocean views, BA w/hot tub, steam shower, & sauna. This serene refuge is finished w/gorgeous landscaping,multiple decks & patios, outdoor shower, in-ground pool & spa. Off-street parking & 2-car garage & only 1.5 blocks to the sand!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $31,388
Lot Details
- Lot Dimensions are 117.5 x 80
- Fenced
- Sprinkler System
Parking
- Automatic Garage Door Opener
Home Design
- Stucco
Interior Spaces
- 3-Story Property
- Central Vacuum
- Bar
- Cathedral Ceiling
- Ceiling Fan
- Skylights
- Gas Log Fireplace
- Insulated Windows
- Drapes & Rods
- Blinds
- Great Room
- Living Room with Fireplace
- Dining Room
- Den
- Library
- Recreation Room
- Storage
- Sauna
- Crawl Space
Kitchen
- Breakfast Area or Nook
- Eat-In Kitchen
- Self-Cleaning Oven
- Stove
- Microwave
- Dishwasher
- Kitchen Island
- Trash Compactor
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Primary Bedroom on Main
- Walk-In Closet
- In-Law or Guest Suite
- 5 Full Bathrooms
- Whirlpool Bathtub
Laundry
- Laundry Room
- Dryer
- Washer
Home Security
- Burglar Security System
- Intercom
- Carbon Monoxide Detectors
Pool
- In Ground Pool
- Spa
- Outdoor Shower
Outdoor Features
- Deck
- Patio
- Shed
- Porch
Location
- The property is located in a historic district
Utilities
- Forced Air Zoned Heating and Cooling System
- Gas Water Heater
Community Details
- Parkway Section Subdivision
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 16, 2015
Closed on
Dec 29, 2015
Sold by
Holber Robert H
Bought by
Murphy John L and Murphy Cheryl L
Seller's Agent
Mark Arbeit
NEW ERA REAL ESTATE-B
Buyer's Agent
Judith Wolfson
NEW ERA REAL ESTATE-B
List Price
$2,047,000
Sold Price
$2,047,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,987,007
Avg. Annual Appreciation
9.36%
Original Mortgage
$147,250
Interest Rate
3.97%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 12, 2011
Sold by
Portnoy Barry
Bought by
Portnoy Danielle
Purchase Details
Closed on
Dec 14, 2001
Sold by
Caplen Stanley and Caplen Barbara
Bought by
Portnoy Barry
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
6.6%
Mortgage Type
Stand Alone First
Purchase Details
Closed on
Oct 1, 2001
Sold by
Capler Barbara and Capler Stanley
Bought by
Capler Barbara
Purchase Details
Closed on
Jun 1, 1992
Sold by
Packel Ledia
Bought by
Caplen Barbara and Caplen Stanely
Purchase Details
Closed on
Dec 5, 1989
Sold by
Packel William and Packel Defeo,Ledia G
Bought by
Defeo Ledia G Packel
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Murphy John L | $2,047,000 | None Available | |
| Muphy John L | $2,047,000 | None Available | |
| Portnoy Danielle | -- | None Available | |
| Portnoy Barry | $700,000 | -- | |
| Capler Barbara | -- | -- | |
| Caplen Barbara | $570,000 | -- | |
| Defeo Ledia G Packel | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Murphy John L | $147,250 | |
| Previous Owner | Portnoy Barry C | $1,500,000 | |
| Previous Owner | Portnoy Barry | $1,000,000 | |
| Previous Owner | Portnoy Barry | $995,000 | |
| Previous Owner | Portnoy Barry C | $750,000 | |
| Previous Owner | Portnoy Barry | $560,000 | |
| Previous Owner | Caplen Stanley | $346,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/29/2015 12/29/15 | Sold | $2,047,000 | 0.0% | -- |
| 06/08/2015 06/08/15 | Rented | -- | -- | -- |
| 05/09/2015 05/09/15 | Under Contract | -- | -- | -- |
| 04/23/2015 04/23/15 | Pending | -- | -- | -- |
| 04/16/2015 04/16/15 | For Sale | $2,047,000 | 0.0% | -- |
| 03/20/2015 03/20/15 | For Rent | -- | -- | -- |
Source: South Jersey Shore Regional MLS
Tax History Compared to Growth
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 | $31,388 | $1,837,700 | $939,700 | $898,000 |
| 2024 | $31,388 | $1,837,700 | $939,700 | $898,000 |
| 2023 | $28,999 | $1,837,700 | $939,700 | $898,000 |
| 2022 | $28,999 | $1,837,700 | $939,700 | $898,000 |
| 2021 | $28,595 | $1,837,700 | $939,700 | $898,000 |
| 2020 | $28,448 | $1,837,700 | $939,700 | $898,000 |
| 2019 | $28,337 | $1,837,700 | $939,700 | $898,000 |
| 2018 | $28,723 | $1,837,700 | $939,700 | $898,000 |
| 2017 | $28,760 | $1,837,700 | $939,700 | $898,000 |
| 2016 | $27,786 | $1,837,700 | $939,700 | $898,000 |
| 2015 | $27,345 | $1,837,700 | $939,700 | $898,000 |
| 2014 | $26,830 | $1,837,700 | $939,700 | $898,000 |
Source: Public Records
Agents Affiliated with this Home
-
Mark Arbeit
-
Sean Tannehill
Seller Co-Listing Agent in 2015
Sean Tannehill
RE/MAX Platinum Properties
(609) 412-0307
54 in this area
111 Total Sales
-
Judith Wolfson
Buyer's Agent in 2015
Judith Wolfson
RE/MAX Platinum Properties
(800) 339-5834
1 Total Sale
Map
Source: South Jersey Shore Regional MLS
MLS Number: 446569
APN: 16-00119-0000-00013
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IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
© 2025 South Jersey Shore Regional Multiple Listing Service. All rights reserved.
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