$509,500
$16K PRICE DROP

127 N Monroe Ave Unit 5 Margate City, NJ 08402

Estimated payment $3,142/month

Total Views 7,059
2 Beds
1 Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Unit is on the top floor
  • End Unit
  • Laundry Room
  • William H. Ross III Intermediate School Rated A-
  • Eat-In Kitchen
  • Ceiling Fan

About This Home

OPEN HOUSE SUNDAY JULY 27TH 2 TO 4 ..Spacious condo 907 square feet,,Discover the charm of this stunning corner unit in the prestigious Margate Marina district. As you step inside, you're greeted with an open layout with hardwood floors ,recessed lighting and crown molding that seamlessly connects with a modern kitchen, dining area, and a granite breakfast bar. This fabulous space features 2 spacious bedrooms and a beautifully updated bathroom, providing comfort and style. With one dedicated off-street parking spot and a pet-friendly policy, this unit is perfect for anyone looking to embrace a vibrant lifestyle by the marina. Don't miss out on this exceptional opportunity to call it home...ps tons of storage with an attic with pull-down stairs

Listing Agent

Neil Cohen

NEW ERA REAL ESTATE-B License #0998932 Listed on: 06/16/2025

NEW ERA REAL ESTATE-B

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,932

Parking

  • 1 Parking Space

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Dining Area
  • Storage In Attic

Kitchen

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

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

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

Additional Features

  • End Unit
  • Unit is on the top floor

Community Details

Overview

  • Monroe Arms Condos

Pet Policy

  • Pets Allowed
  • Pet Restriction

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,932

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Lvt Date: 06/16/2025
  • Age: 25+ Years
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Two
  • Unit Location: End Unit, Second Floor, Top Floor
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Washer
  • Bedrooms: 2
  • Full Bathrooms: 1
  • Other Rooms: Dining Area, 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, Yes W/Restrictions

Multi Family

  • Unit Features: Pets Allowed

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
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

Property History

Date Event Price Change Sq Ft Price
07/16/2025 07/16/25 Price Changed $509,500 -3.0% --
06/16/2025 06/16/25 For Sale $525,000 +162.5% --
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

Purchase History

Date Type Sale Price Title Company
Deed $200,000 Surety Title Co
Sheriffs Deed $141,000 None Available
Deed $80,450 --
Interfamily Deed Transfer -- --
Deed $87,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $17,669 Stand Alone Second
Previous Owner $184,500 New Conventional
Previous Owner $26,198 Unknown
Previous Owner $16,088 Unknown
Previous Owner $92,000 Unknown
Previous Owner $14,765 Unknown
Previous Owner $6,366 Unknown
Previous Owner $49,450 Purchase Money Mortgage
Previous Owner $49,000 Unknown
Previous Owner $65,000 No Value Available
Source: Public Records

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Source: South Jersey Shore Regional MLS

MLS Number: 597324

South Jersey Shore Regional MLS

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