NOT LISTED FOR SALE

13 S Washington Ave Margate City, NJ 08402

Estimated Value: $881,000 - $1,099,000

-- Bed
-- Bath
-- Sq Ft
3,093 Sq Ft Lot

Last Sold June 14, 2023

Last sale price $730,000

Est. 32% increase in value since last sale

Current estimated payment $5,527/month

3 Days on Market

About This Home

As of June 2023

This is an incredible chance to own a unique triplex located just a few steps away from the beach in Margate's bustling south side on a 28 x 111 lot. The property comprises three separate units, including a 3-bedroom, 1-bathroom unit, a 2-bedroom, 1-bathroom unit, and a 1-bedroom, 1-bathroom back unit. You'll enjoy the convenience of having a Wawa convenience store just around the corner, while all the attractions of downtown Margate are within easy reach. With its unbeatable location, this property is perfect for those seeking a beachside investment opportunity in the heart of Margate. Please see agent remarks for tenant information.

Last Agent to Sell the Property

Jeff Quintin

eXp Realty - Ocean City S382K Listed on: 05/03/2023

Last Buyer's Agent

Meredith Exum

LPT Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • Lot Dimensions are 28 x 111

Home Design

  • Triplex
  • Vinyl Siding

Kitchen

  • Self-Cleaning Oven
  • Stove
  • Microwave

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Electric Water Heater

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Triplex
  • Year Built: 1930
  • Allow Comsumer Comment: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Electric Stove, Microwave, Refrigerator, Self Cleaning Oven

Exterior Features

  • Siding Exterior: Vinyl

Utilities

  • Air Conditioner: Window Units
  • Heating: Baseboard
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Electric

Lot Info

  • Lot Dimensions: 28 x 111

Multi Family

  • Number Of Units: 3
  • Number Of1 Bedroom Units: 1
  • Number Of2 Bedroom Units: 1
  • Number Of3 Bedroom Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2023
Closed on
Jun 14, 2023
Sold by
Tabekman Boris and Tabekman Yevgeniy
Bought by
Ivker Robert
Seller's Agent
Jeff Quintin
eXp Realty - Ocean City S382K
Buyer's Agent
Meredith Exum
LPT Realty
List Price
$699,900
Sold Price
$730,000
Premium/Discount to List
$30,100
4.3%
Views
40
Current Estimated Value
$967,187

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$237,187
Avg. Annual Appreciation
12.01%
Original Mortgage
$547,500
Outstanding Balance
$533,335
Interest Rate
6.57%
Mortgage Type
New Conventional
Estimated Equity
$433,852

Purchase Details

Closed on
Mar 11, 2004
Sold by
Tabekman Boris
Bought by
Tabekman Boris and Tabekman Yevgeniy

Purchase Details

Closed on
Jul 30, 1999
Sold by
Lee Yon C
Bought by
Tabekman Boris

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
7.54%

Purchase Details

Closed on
Dec 26, 1995
Sold by
Morrison Cal R and Morrison Christina
Bought by
Lee Yon C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ivker Robert $730,000 Atlantic Title Agency
Tabekman Boris -- --
Tabekman Boris $130,000 Landis Title Corporation
Lee Yon C $102,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ivker Robert $547,500
Previous Owner Tabekman Boris $104,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/14/2023 06/14/23 Sold $730,000 +4.3% --
05/06/2023 05/06/23 Pending -- -- --
05/03/2023 05/03/23 For Sale $699,900 -- --
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 $5,267 $308,400 $219,000 $89,400
2024 $5,267 $308,400 $219,000 $89,400
2023 $4,867 $308,400 $219,000 $89,400
2022 $4,867 $308,400 $219,000 $89,400
2021 $4,799 $308,400 $219,000 $89,400
2020 $4,774 $308,400 $219,000 $89,400
2019 $4,756 $308,400 $219,000 $89,400
2018 $4,820 $308,400 $219,000 $89,400
2017 $4,826 $308,400 $219,000 $89,400
2016 $4,663 $308,400 $219,000 $89,400
2015 $4,589 $308,400 $219,000 $89,400
2014 $4,503 $308,400 $219,000 $89,400
Source: Public Records

Agents Affiliated with this Home

  • Jeff Quintin

    Seller's Agent in 2023

    Jeff Quintin

    eXp Realty - Ocean City S382K

    (609) 398-5333

    11 in this area

    476 Total Sales

    Jeff Quintin
    Section Image
  • Meredith Exum

    Buyer's Agent in 2023

    Meredith Exum

    LPT Realty

    (843) 251-8366

    10 in this area

    160 Total Sales

    Meredith Exum
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 573646

South Jersey Shore Regional MLS

APN: 16-00126-0000-00107

New Jersey Atlantic County Margate City 08402

13 S Washington Ave, Margate City, NJ

Not Listed for Sale

MultiFamily

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