NOT LISTED FOR SALE

120 N Madison Ave Unit B Margate City, NJ 08402

Estimated Value: $1,101,000 - $1,167,239

4 Beds
2.5 Baths
-- Sq Ft
5,358 Sq Ft Lot

Last Sold October 27, 2023

Last sale price $999,999

Est. 13% increase in value since last sale

Current estimated payment $6,582/month

6 Days on Market

Highlights

  • Water Views
  • Unit is on the top floor
  • Deck
  • William H. Ross III Intermediate School Rated A-
  • Spa
  • Cathedral Ceiling

About This Home

As of October 2023

LOCATION~LOCATION~LOCATION! 2400+ Sq FT - METICULOUS CONDITION with Recent Improvements. Top Floor Condo with Elevator, Decks with Water Views, 4 Bedrooms, 2.5 Baths, Tons of Storage, 2 Car Garage, and Walking Distance to Everything in the President Section of Fabulous Margate! Walk to The Beach, Restaurants, Water park, Mini golf, Restaurants, Night Life, Nail Salons, Wawa and more! Open Floor Plan, Very Spacious, Ground Level Storage, Foyer and More! NO Condo Fees....The Two Owners split the Hazard/Liability/Flood Insurance and Landscaping approximately $3000/year/owner. Furniture sold separately.

Last Agent to Sell the Property

Emily Marchese

MARCHESE REAL ESTATE, LLC Listed on: 09/08/2023

MARCHESE REAL ESTATE, LLC

Last Buyer's Agent

Brian Hiltner

BHHS FOX and ROACH-Margate II

BHHS FOX and ROACH-Margate II

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,893

Year Built

  • Built in 2007

Lot Details

  • 5,358

Parking

  • 2 Car Attached Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Cathedral Ceiling
  • Gas Log Fireplace
  • Entrance Foyer
  • Dining Area
  • Den
  • Workshop
  • Water Views

Kitchen

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

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Burglar Security System
  • Intercom

Outdoor Features

  • Spa
  • Deck

Utilities

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

Additional Features

  • Fenced
  • Unit is on the top floor

Community Details

Overview

  • Association fees include insurance

Amenities

  • Community Storage Space
  • Elevator

Pet Policy

  • Pets Allowed with Restrictions

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,893

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Lvt Date: 09/08/2023
  • Year Built: 2007
  • Age: 16 To 20 Years
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Three To Five
  • Unit Location: Top Floor
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Appliances: Burglar Alarm, Dryer, Disposal, Dishwasher, Gas Stove, Intercom, Microwave, Refrigerator, Self Cleaning Oven, Trash Compactor, Washer
  • Fireplace: Built-In, Gas Log
  • Bedrooms: 4
  • Bedroom 1: On Level: Main
  • Bedroom 2: On Level: Main
  • Bedroom 3: On Level: Main
  • Bedroom 4: On Level: Main
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Dining Room: On Level: Main
  • Kitchen: On Level: Main
  • Living Room: On Level: Main
  • Other Rooms: Den/Tv Room, Dining Area, Eat In Kitchen, Laundry/Utility Room, Primary Br On 1st Floor, Pantry, Workshop
  • Common Area Features: Deck/Porch, Elevator, Fenced Yard, Storage Facility

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

  • Garage: Two Car, Attached Garage
  • Parking Exterior: Three Or More Cars

Utilities

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

Condo/Co-op/Association

  • HOA Includes: Insurance
  • Management: Co-Owner

Lot Info

  • Location: Water View

Rental Info

  • Pets: Yes W/Restrictions

Multi Family

  • Unit Features: Cathedral Ceiling(s), Elevator, Fireplace(s), Foyer, Hardwood Floors, Kitchen Center Island, Master Bath, Pets Allowed, Walk In/Cedar Closet, Whirlpool/Spa, Wall To Wall Carpet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 7, 2024
Sold by
Gundrum Lawrence Lee and Mavridis Sophia
Bought by
Bordman Melissa
Current Estimated Value
$1,126,310

Purchase Details

Listed on
Sep 8, 2023
Closed on
Oct 24, 2023
Sold by
Obrien Martin M and Obrien Linda C
Bought by
Gundrum Lawrence Lee and Mavridis Sophia
Seller's Agent
Emily Marchese
MARCHESE REAL ESTATE, LLC
Buyer's Agent
Brian Hiltner
BHHS FOX and ROACH-Margate II
List Price
$999,900
Sold Price
$999,999
Premium/Discount to List
$99
0.01%
Views
48

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.10%
Original Mortgage
$749,999
Interest Rate
6.88%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Bordman Melissa $999,999 Foundation Title
Bordman Melissa $999,999 Foundation Title
Gundrum Lawrence Lee $999,999 Trident Land Transfer
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gundrum Lawrence Lee $749,999
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/27/2023 10/27/23 Sold $999,999 0.0% --
09/14/2023 09/14/23 Pending -- -- --
09/08/2023 09/08/23 For Sale $999,900 -- --
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 $7,893 $462,100 $147,000 $315,100
2024 $7,893 $462,100 $147,000 $315,100
2023 $7,292 $462,100 $147,000 $315,100
2022 $7,292 $462,100 $147,000 $315,100
2021 $7,190 $462,100 $147,000 $315,100
2020 $7,153 $462,100 $147,000 $315,100
2019 $7,126 $462,100 $147,000 $315,100
2018 $7,223 $462,100 $147,000 $315,100
Source: Public Records

Agents Affiliated with this Home

  • Emily Marchese

    Seller's Agent in 2023

    Emily Marchese

    MARCHESE REAL ESTATE, LLC

    (609) 241-5141

    12 in this area

    217 Total Sales

    Emily Marchese
    Section Image
  • Brian Hiltner

    Buyer's Agent in 2023

    Brian Hiltner

    BHHS FOX and ROACH-Margate II

    (609) 703-4789

    89 in this area

    137 Total Sales

    Brian Hiltner
    Section Image
See All Agents

Map

Source: South Jersey Shore Regional MLS

MLS Number: 577579

South Jersey Shore Regional MLS

APN: 16-00330-0000-00420-0000-C000B

New Jersey Atlantic County Margate City 08402

120 N Madison Ave Unit B, Margate City, NJ

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

South Jersey Shore Regional MLS 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.

Nearby Homes