NOT LISTED FOR SALE

122 N Thurlow Ave Margate City, NJ 08402

Estimated Value: $2,442,000 - $2,629,000

5 Beds
4.5 Baths
-- Sq Ft
3,267 Sq Ft Lot

Last Sold June 13, 2024

Last sale price $2,300,000

Est. 10% increase in value since last sale

Current estimated payment $15,268/month

66 Days on Market

Highlights

  • Cabana
  • New Construction
  • Wood Flooring
  • William H. Ross III Intermediate School Rated A-
  • Deck
  • Great Room

About This Home

As of June 2024

***SPECIAL BUYER INCENTIVE*** Seller will offer a 2% mortgage rate buy down with an acceptable offer. GORGEOUS & LUXURIOUS! LOCATED IN THE PRESTIGIOUS PARKWAY SECTION of MARGATE! 3 BLOCKS to the BEACH this NEW CONSTRUCTION SHOWPIECE offers 5 bedrooms, 4.5 baths with a grand open floor plan including high-end finishes, state of the art Chef's kitchen, beautiful center island providing counter seating, custom cabinetry, high ceilings, hardwood floors throughout and recessed lighting. Ground floor entry way will lead you to a large foyer with storage and easy access to the pool, garage and elevator. The first floor open concept layout includes dining area, living area, kitchen as well as a wet bar, utility room and half bath. This floor also boasts a spacious deck that runs the entire front of home. The second floor includes 2 junior master suites an additional 2 bedrooms with shared full bath. On the 3rd floor you will find a grand master bedroom suite boasting a private balcony, well-appointed master bath with dual sinks, over-sized walk-in shower. Outside you will find an outdoor shower along with lavish landscaping, railing and fenced yard to complete this elegant property. A full sized 2 car garage with 4 car parking provides ample parking as well as storage. Walking distance to Margate's Marina district fantastic dining and nightlife! CALL TODAY for more information, floor plans available by request. Customization available!

Last Agent to Sell the Property

Vincent Novelli

Compass Real Estate-Margate Listed on: 03/28/2024

Compass Real Estate-Margate

Co-Listed By

Linda Novelli

Compass Real Estate-Margate

Last Buyer's Agent

Alyssa Reiter

MARKETPLACE REALTY

MARKETPLACE REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,118

Lot Details

  • Lot Dimensions are 41x80
  • Fenced
  • Sprinkler System

Home Design

  • New Construction
  • Vinyl Siding
  • Stone Exterior Construction

Interior Spaces

  • 3-Story Property
  • Elevator
  • Bar
  • Ceiling Fan
  • Gas Log Fireplace
  • Great Room
  • Living Room with Fireplace
  • Dining Area
  • Den
  • Storage
  • Stone or Rock in Basement

Kitchen

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

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Attic

  • Attic Fan
  • Storage In Attic

Home Security

  • Home Security System
  • Storm Screens
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 2 Car Attached Garage
  • Automatic Garage Door Opener

Pool

  • Cabana
  • In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Deck

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Cooling System Powered By Gas
  • Heating System Uses Natural Gas
  • Tankless Water Heater
  • Gas Water Heater

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,118

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 3 Story
  • Lvt Date: 03/28/2024
  • New Construction: Yes
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Built-In, Gas Log, Living Room
  • Flooring: Hardwood, Tile
  • Interior Amenities: Bar, Carbon Monoxide Detector, Elevator, Kitchen Center Island, Security System, Storage, Smoke/Fire Alarm, Walk In Closet
  • Bedrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Basement: Masonry Floor/Wall
  • Other Rooms: Den/Tv Room, Dining Area, Eat In Kitchen, Great Room, Laundry/Utility Room, Pantry, Storage Attic

Exterior Features

  • Outside Features: Cabana, Curbs, Deck, Fenced Yard, Outside Shower, Pool-In Ground, Sidewalks, Sprinkler System, Enclosed Outside Shower
  • Siding Exterior: Stone, Vinyl
  • Storm Screens: Combination, Screens

Garage/Parking

  • Driveway: Concrete
  • Garage: Two Car, Attached Garage, Auto Door Opener
  • Parking Exterior: Three Or More Cars

Utilities

  • Air Conditioner: Attic Fan, Ceiling Fan(s), Central, Gas, Multi-Zoned
  • Heating: Gas-Natural, Multi-Zoned
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas, Tankless-Gas

Lot Info

  • Lot Dimensions: 41x80
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2024
Closed on
Jun 12, 2024
Sold by
V2 Properties Entity 7 Llc
Bought by
Bromberg Matthew and Horman Brooke
Seller's Agent
Vincent Novelli
Compass Real Estate-Margate
Buyer's Agent
Alyssa Reiter
MARKETPLACE REALTY
List Price
$2,389,000
Sold Price
$2,300,000
Premium/Discount to List
-$89,000
-3.73%
Views
70
Current Estimated Value
$2,529,412

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$229,412
Avg. Annual Appreciation
8.17%
Original Mortgage
$1,500,000
Outstanding Balance
$1,476,317
Interest Rate
5.5%
Mortgage Type
New Conventional
Estimated Equity
$1,053,095

Purchase Details

Listed on
May 9, 2022
Closed on
Aug 22, 2022
Sold by
Devita Susan M
Bought by
V2 Properties Entity 7 Llc
Seller's Agent
Nicole Presnall
BHHS FOX and ROACH-Simpson OC
Buyer's Agent
Vincent Novelli
Compass Real Estate-Margate
List Price
$975,900
Sold Price
$950,000
Premium/Discount to List
-$25,900
-2.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
62.99%
Original Mortgage
$1,521,925
Interest Rate
5.3%
Mortgage Type
Construction

Purchase Details

Closed on
Nov 30, 1991
Sold by
Devita Susan M
Bought by
Devita Susan M Et Als

Purchase Details

Closed on
Nov 15, 1991
Sold by
Venianakis Konstantinos
Bought by
Devita Susan M
Source: Public Records

Range of Values:

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Average Value
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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
Bromberg Matthew $2,300,000 None Listed On Document
V2 Properties Entity 7 Llc $950,000 Freedom Title & Abstract
Devita Susan M Et Als -- --
Devita Susan M $140,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bromberg Matthew $1,500,000
Previous Owner V2 Properties Entity 7 Llc $1,521,925
Previous Owner Brady Kathleen $251,490
Previous Owner Devita Susan M $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2024 06/13/24 Sold $2,300,000 -3.7% --
06/02/2024 06/02/24 Pending -- -- --
03/28/2024 03/28/24 For Sale $2,389,000 +151.5% --
08/22/2022 08/22/22 Sold $950,000 -2.7% --
06/08/2022 06/08/22 Pending -- -- --
05/09/2022 05/09/22 For Sale $975,900 -- --
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 $19,118 $1,300,000 $290,600 $1,009,400
2024 $19,118 $1,119,300 $290,600 $828,700
2023 $6,220 $290,600 $290,600 $0
2022 $6,220 $394,200 $290,600 $103,600
2021 $6,134 $394,200 $290,600 $103,600
2020 $6,102 $394,200 $290,600 $103,600
2019 $6,079 $394,200 $290,600 $103,600
2018 $6,161 $394,200 $290,600 $103,600
2017 $6,169 $394,200 $290,600 $103,600
2016 $5,960 $394,200 $290,600 $103,600
2015 $5,866 $394,200 $290,600 $103,600
2014 $5,755 $394,200 $290,600 $103,600
Source: Public Records

Agents Affiliated with this Home

  • Vincent Novelli

    Seller's Agent in 2024

    Vincent Novelli

    Compass Real Estate-Margate

    (609) 335-4501

    48 in this area

    73 Total Sales

    Vincent Novelli
    Section Image
  • Linda Novelli

    Seller Co-Listing Agent in 2024

    Linda Novelli

    Compass Real Estate-Margate

    (609) 839-3715

    83 in this area

    171 Total Sales

    Linda Novelli
    Section Image

  • A

    Buyer's Agent in 2024

    Alyssa Reiter

    MARKETPLACE REALTY

    (201) 341-9028

    1 in this area

    3 Total Sales

    Alyssa Reiter
    Section Image
  • Nicole Presnall

    Seller's Agent in 2022

    Nicole Presnall

    BHHS Fox & Roach

    (609) 827-3119

    2 in this area

    103 Total Sales

    Nicole Presnall
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 583586

South Jersey Shore Regional MLS

APN: 16-00321-0000-00014

New Jersey Atlantic County Margate City 08402

122 N Thurlow Ave, Margate City, NJ

This home is located at 122 N Thurlow Ave, Margate City, NJ 08402 since 28 March 2024 and is currently estimated at $2,529,412. 122 N Thurlow 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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