NOT LISTED FOR SALE

127 N Monroe Ave Unit 2 Margate City, NJ 08402

Estimated Value: $293,000 - $416,000

1 Bed
1 Bath
-- Sq Ft
610 Sq Ft Lot

Last Sold October 29, 2021

Last sale price $190,000

Est. 86% increase in value since last sale

Current estimated payment $2,047/month

Highlights

  • End Unit
  • Corner Lot
  • Great Room
  • William H. Ross III Intermediate School Rated A-
  • Ground Level Unit
  • Eat-In Kitchen

About This Home

As of October 2021

Spacious & nicely renovated one bedroom apartment, centrally located near the beach and the bay. New A/C in LR, Brand new Corning Top Oven/Stove, and all new recessed lighting in the Living Room, Hallway & Bedroom, full size side by side washer/dryer. Lot's of closets. Being sold furnished. Cute little outdoor porch. Pet friendly. Walk to shops, restaurants, the marina & soon the new boardwalk by the bay.

Last Agent to Sell the Property

Susan and Louis Solomon

BHHS FOX and ROACH-Margate Listed on: 08/28/2021

BHHS FOX and ROACH-Margate

Last Buyer's Agent

Carol Shaw

BHHS FOX and ROACH-Margate

BHHS FOX and ROACH-Margate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,316

Lot Details

  • 610

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Blinds
  • Great Room

Kitchen

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

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • Assigned Parking

Utilities

  • Heating Available
  • Electric Water Heater

Additional Features

  • End Unit
  • Ground Level Unit

Community Details

Overview

  • Association fees include insurance, maintenance, management
  • Monroe Arms Condos

Pet Policy

  • Pets Allowed with Restrictions

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,316

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Also Includes: Blinds
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Two
  • Unit Location: End Unit, First Floor
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Bedrooms: 1
  • Full Bathrooms: 1
  • Other Rooms: Eat In Kitchen, Great Room, Master Br On 1st Floor

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

  • Parking Exterior: One Car, Assigned

Utilities

  • Heating: Electric
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA Includes: Insurance, Maintenance, Management
  • Condo Name: Monroe Arms
  • Management: Association, Off-Site Professionals

Lot Info

  • Location: Corner

Rental Info

  • Pets: Yes W/Restrictions

Multi Family

  • Unit Features: Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 7, 2017
Closed on
Sep 4, 2018
Sold by
Leitzell Robert L and Leitzell Cynthia F
Bought by
Fishkin Betsy and Fishkin Alan
Seller's Agent
Joanne Ferraro
BHHS FOX and ROACH-Margate
Buyer's Agent
Susan and Louis Solomon
BHHS FOX and ROACH-Margate
List Price
$134,900
Sold Price
$115,000
Premium/Discount to List
-$19,900
-14.75%
Current Estimated Value
$352,583

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$237,583
Avg. Annual Appreciation
17.02%

Purchase Details

Closed on
Mar 15, 2004
Sold by
Splaver Ellen M
Bought by
Leitzell Robert J and Leitzell Cynthia F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,600
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 2, 1990
Sold by
Home Tech Industries
Bought by
Splaver Ellen M
Source: Public Records

Range of Values:

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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
Fishkin Betsy $115,000 None Available
Leitzell Robert J $152,000 Commonwealth Title
Splaver Ellen M $74,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Leitzell Robert J $121,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/29/2021 10/29/21 Sold $190,000 -5.0% --
09/22/2021 09/22/21 Pending -- -- --
08/28/2021 08/28/21 For Sale $199,900 +73.8% --
09/14/2018 09/14/18 Sold $115,000 -10.1% -- View Prior Sale
07/12/2018 07/12/18 Pending -- -- --
02/27/2018 02/27/18 Price Changed $127,900 -5.2% --
09/07/2017 09/07/17 For Sale $134,900 -- --
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 $2,316 $135,600 $99,400 $36,200
2024 $2,316 $135,600 $99,400 $36,200
2023 $2,140 $135,600 $99,400 $36,200
2022 $2,140 $135,600 $99,400 $36,200
2021 $1,860 $135,600 $99,400 $36,200
2020 $2,099 $135,600 $99,400 $36,200
2019 $2,435 $157,900 $99,400 $58,500
2018 $2,468 $157,900 $99,400 $58,500
2017 $2,471 $157,900 $99,400 $58,500
2016 $2,387 $157,900 $99,400 $58,500
2015 $2,350 $157,900 $99,400 $58,500
2014 $2,305 $157,900 $99,400 $58,500
Source: Public Records

Agents Affiliated with this Home

  • Susan and Louis Solomon

    Seller's Agent in 2021

    Susan and Louis Solomon

    BHHS Fox & Roach

    (609) 226-5178

    23 in this area

    47 Total Sales

    Susan and Louis Solomon
    Section Image
  • Carol Shaw

    Buyer's Agent in 2021

    Carol Shaw

    BHHS Fox & Roach

    (609) 432-1986

    18 in this area

    53 Total Sales

    Carol Shaw
    Section Image
  • Joanne Ferraro

    Seller's Agent in 2018

    Joanne Ferraro

    BHHS Fox & Roach

    (609) 226-4002

    17 in this area

    91 Total Sales

    Joanne Ferraro
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 554810

South Jersey Shore Regional MLS

APN: 16-00330-0000-00025-0000-C0002

New Jersey Atlantic County Margate City 08402

127 N Monroe Ave Unit 2, Margate City, NJ

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