NOT LISTED FOR SALE

127 N Monroe Ave Unit 5 Margate City, NJ 08402

Estimated Value: $503,000 - $545,000

2 Beds
1 Bath
-- Sq Ft
1,045 Sq Ft Lot

Last Sold May 21, 2018

Last sale price $200,000

Est. 157% increase in value since last sale

Current estimated payment $3,042/month

33 Days on Market

Highlights

  • End Unit
  • Eat-In Kitchen
  • Dining Room
  • William H. Ross III Intermediate School Rated A-
  • Laundry Room
  • Ceiling Fan

About This Home

As of May 2018

GORGEOUS corner unit located in Margate Marina district at the Monroe Arms Condominiums! Contemporary elegance when you walk through the door. Open layout with brand new kitchen, dining area, granite breakfast bar All new stainless steel appliances,-FABULOUS space for entertaining! 2 large bedrooms & 1 NEW bathroom. Unit includes 1 off-street parking spot. And best of all Pet friendly! Call today to secure your Shore oasis!

Last Agent to Sell the Property

James Abbott

BHHS FOX and ROACH-Margate Listed on: 03/31/2018

BHHS FOX and ROACH-Margate

Co-Listed By

Elizabeth Abbott-Feriozzi

BHHS FOX and ROACH-Margate

Last Buyer's Agent

Lawrence Stone

Soleil Sotheby's International Realty - A

Soleil Sotheby's International Realty - A

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,932

Lot Details

  • End Unit

Parking

  • 1 Parking Space

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Dining Room
  • Storage In Attic
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating Available
  • Electric Water Heater

Community Details

Overview

  • Monroe Arms Condos

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,932

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Lvt Date: 03/31/2018
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Two
  • Unit Location: End Unit, Second Floor
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Disposal, Dishwasher, Electric Stove, Microwave, Refrigerator
  • Bedrooms: 2
  • Full Bathrooms: 1
  • Other Rooms: Dining Room, Eat In Kitchen, Laundry/Utility Room, Storage Attic

Exterior Features

  • Siding Exterior: Brick

Garage/Parking

  • Parking Exterior: One Car

Utilities

  • Air Conditioner: Ceiling Fan(s), Wall Units
  • Heating: Electric
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater: Electric

Condo/Co-op/Association

  • Condo Name: Monroe Arms
  • Management: Association

Rental Info

  • Pets: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2018
Closed on
May 21, 2018
Sold by
Shore Investments And Development Llc
Bought by
Patterson Maryann E
Seller's Agent
James Abbott
BHHS FOX and ROACH-Margate
Buyer's Agent
Lawrence Stone
Soleil Sotheby's International Realty - A
List Price
$209,000
Sold Price
$200,000
Premium/Discount to List
-$9,000
-4.31%
Current Estimated Value
$513,930

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$313,930
Avg. Annual Appreciation
13.70%

Purchase Details

Closed on
Mar 13, 2018
Sold by
Dijohn Frank and Dijohn Francis
Bought by
Shore Investment & Development Llc

Purchase Details

Closed on
Dec 19, 2000
Sold by
Odonnell Owen J
Bought by
Dijohn Frank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,450
Interest Rate
9.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 12, 1997
Sold by
Odonnell Owen J and Heffner Anthony C
Bought by
Odonnell Owen J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
7.55%

Purchase Details

Closed on
Mar 15, 1990
Sold by
Home Tec Industries
Bought by
Odonnell Owen J and Odonnell Heffner,Anthony
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
Patterson Maryann E $200,000 Surety Title Co
Shore Investment & Development Llc $141,000 None Available
Dijohn Frank $80,450 --
Odonnell Owen J -- --
Odonnell Owen J $87,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dijohn Frank $17,669
Previous Owner Dijohn Frank $184,500
Previous Owner Dijohn Frank $26,198
Previous Owner Dijohn Frank $16,088
Previous Owner John Francis Di $92,000
Previous Owner Dijohn Frank $14,765
Previous Owner Dijohn Frank $6,366
Previous Owner Dijohn Frank $49,450
Previous Owner Odonnell Owen J $49,000
Previous Owner Odonnell Owen J $65,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2018 05/21/18 Sold $200,000 -3.8% --
05/03/2018 05/03/18 Pending -- -- --
04/02/2018 04/02/18 Price Changed $208,000 -0.5% --
03/31/2018 03/31/18 For Sale $209,000 -- --
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 $3,932 $230,200 $145,300 $84,900
2024 $3,932 $230,200 $145,300 $84,900
2023 $3,633 $230,200 $145,300 $84,900
2022 $3,633 $230,200 $145,300 $84,900
2021 $3,582 $230,200 $145,300 $84,900
2020 $3,564 $230,200 $145,300 $84,900
2019 $3,550 $230,200 $145,300 $84,900
2018 $3,598 $230,200 $145,300 $84,900
2017 $3,603 $230,200 $145,300 $84,900
2016 $3,481 $230,200 $145,300 $84,900
2015 $3,425 $230,200 $145,300 $84,900
2014 $3,361 $230,200 $145,300 $84,900
Source: Public Records

Agents Affiliated with this Home

  • James Abbott

    Seller's Agent in 2018

    James Abbott

    BHHS Fox & Roach

    (609) 839-1916

    18 in this area

    63 Total Sales

    James Abbott
    Section Image
  • Elizabeth Abbott-Feriozzi

    Seller Co-Listing Agent in 2018

    Elizabeth Abbott-Feriozzi

    BHHS Fox & Roach

    (609) 432-8190

    3 in this area

    17 Total Sales

    Elizabeth Abbott-Feriozzi
    Section Image
  • Lawrence Stone

    Buyer's Agent in 2018

    Lawrence Stone

    Solei SIR Margate

    (609) 841-8638

    25 in this area

    76 Total Sales

    Lawrence Stone
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 503156

South Jersey Shore Regional MLS

APN: 16-00330-0000-00025-0000-C0005

New Jersey Atlantic County Margate City 08402

127 N Monroe Ave Unit 5, Margate City, NJ

This home is located at 127 N Monroe Ave Unit 5, Margate City, NJ 08402 since 31 March 2018 and is currently estimated at $513,930. 127 N Monroe Ave Unit 5 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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