$1,550,000
SOLD NOV 13, 2024

16 S Jefferson Ave Unit A Margate City, NJ 08402

4 Beds
3 Baths
1,872 Sq Ft
6,229 Sq Ft Lot

Recently Sold

$828 Per Sq Ft

3% Below List Price

10 Days on Market

Highlights

  • Wood Flooring
  • Furnished
  • Elevator
  • William H. Ross III Intermediate School Rated A-
  • Ground Level Unit
  • Fenced Yard

About This Home

As of November 2024

This home is located at 16 S Jefferson Ave Unit A, Margate City, NJ 08402 and is currently priced at $1,550,000, approximately $827 per square foot. This property was built in 2013. 16 S Jefferson Ave Unit A 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.

Last Agent to Sell the Property

Joseph Dempsey

RE/MAX PREFERRED SEA ISLE License #2081403 Listed on: 08/19/2024

RE/MAX PREFERRED SEA ISLE

Last Buyer's Agent

Non-Member Non-Member

Non Member

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,264

Year Built

  • Built in 2013

Interior Spaces

  • 1,872 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Entrance Foyer
  • Living Room
  • Dining Room
  • Wood Flooring

Kitchen

  • Self-Cleaning Oven
  • Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 1 Car Garage
  • Driveway

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Electric Water Heater
  • Private Sewer
  • Cable TV Available

Additional Features

  • Fenced Yard
  • Ground Level Unit

Listing and Financial Details

  • Legal Lot and Block 00210 / 00129

Community Details

Amenities

  • Community Deck or Porch
  • Elevator

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,264

Year Built

Built in 2013

Lot Details

0

Listing Details

  • Class: CONDO/TOWNHOUSE
  • Type: Condo
  • Seasonal Year Round: YEAR ROUND USAGE
  • Location: Inside Lot
  • District Township: 17-Out Of County
  • Also Includes: Furniture, Other (See Remarks)
  • Estimated Year Built: 2013
  • New Construction: No
  • Capital Contribution: No
  • Pet Friendly: Owners allowed pets
  • Second Address Number: 16
  • Price per Sq Ft: 827.99
  • Selling Agent1: 1416
  • Selling Office1: 192
  • OFFICELIST_STATE: NJ
  • Street Designation: Avenue
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0
  • Year Built: 2013

Interior Features

  • Appliances Included: Range, Oven, Self-Clean Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Disposal, 1777
  • Number Of Stories: One
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Bedrooms: 4
  • Estimated Living Sq Ft: 1872
  • Other Rooms: Living Room, Dining Room, Kitchen, Dining Area, Pantry, Laundry/Utility Room, 1st Floor Master Bedroom

Garage/Parking

  • Parking: Garage, 1 Car, Concrete Driveway

Utilities

  • Cooling: Central Air
  • Heating: Gas Natural, Forced Air
  • Hot Water: Electric
  • Sewer: Public, Private
  • Water: Public

Condo/Co-op/Association

  • Unit: A
  • Common Area Features: Elevator, Deck/Porch, Fenced Yard, Cable TV, Laundry Room
  • Unit Features: Kitchen Center Island, Hardwood Floors, Foyer
  • Unit Location: First Floor

Lot Info

  • Lot Number: 00210
  • Total Assessment: 561500
  • Zoning: RES

Tax Info

  • Taxes: 9264
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2024
Closed on
Nov 11, 2024
Sold by
Elissa Michael W and Elissa Kahn
Bought by
Katz Michael and Katz Ina
Seller's Agent
Joseph Dempsey
RE/MAX PREFERRED SEA ISLE
Buyer's Agent
Non-Member Non-Member
Non Member
List Price
$1,600,000
Sold Price
$1,550,000
Premium/Discount to List
-$50,000
-3.12%
Total Days on Market
10
Views
5
Current Estimated Value
$1,610,807

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,807
Avg. Annual Appreciation
6.62%
Original Mortgage
$1,550,000
Outstanding Balance
$1,539,215
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$71,592

Purchase Details

Closed on
Mar 10, 2021
Sold by
Petrosky Michael W and Petrosky Elissa Kahn
Bought by
Michael W Petrosky And Elissa Kahn Petrosky L and Petrosky

Purchase Details

Closed on
Mar 6, 2015
Sold by
Legacy Home Investments Llc
Bought by
Petrosky Michael W and Petrosky Elisa Kahn

Purchase Details

Closed on
Jan 15, 2013
Sold by
Kierod Margaret J
Bought by
Legacy Home Investments Llc

Purchase Details

Closed on
Jan 31, 1996
Sold by
Rapposelli Mae
Bought by
Kierod Margaret J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.1%
Source: Public Records

Similar Home in Margate City, NJ

  • 9600 Atlantic Ave Unit 1814, Margate City, NJ 08402

    $1,399,000

    • 2 Beds
    • 2.5 Baths
    • 9600 Atlantic Ave
    • Unit 1814
    • Margate City, NJ

    Welcome to your exclusive beachfront escape perched on penthouse level, high above the Jersey shore. This unique rarely offered 2BR & den, 2.5 bath unit located in Margate's prestigious 9600 bldg. delivers unmatched southern exposure w/sweeping, unobstructed views stretching over 30 miles down the coastline-even catching the glow of Avalon at night. This modified layout, approx. 1184 sq.ft.

    Gail Newman NEW ERA REAL ESTATE-B

    Section Image
See All Homes in Margate City

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $1,550,000 Trident Land Transfer
Deed -- None Listed On Document
Bargain Sale Deed $745,000 None Available
Deed $540,950 None Available
Deed $137,000 The Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,550,000 New Conventional
Previous Owner $100,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/13/2024 11/13/24 Sold $1,550,000 -3.1% $828 / Sq Ft
08/29/2024 08/29/24 Pending -- -- --
08/19/2024 08/19/24 For Sale $1,600,000 -- $855 / Sq Ft
Source: Cape May County Association of REALTORS®

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
2024 $9,590 $561,500 $176,800 $384,700
2023 $8,860 $561,500 $176,800 $384,700
2022 $8,860 $561,500 $176,800 $384,700
2021 $8,737 $561,500 $176,800 $384,700
2020 $8,692 $561,500 $176,800 $384,700
2019 $8,658 $561,500 $176,800 $384,700
2018 $8,776 $561,500 $176,800 $384,700
2017 $8,787 $561,500 $176,800 $384,700
2016 $8,490 $561,500 $176,800 $384,700
2015 $8,355 $561,500 $176,800 $384,700
2014 $3,952 $631,000 $442,000 $189,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    Joseph Dempsey

    RE/MAX PREFERRED SEA ISLE

    (610) 608-1683

    12 Total Sales

    Joseph Dempsey
    Section Image

  • N

    Buyer's Agent in 2024

    Non-Member Non-Member

    Non Member

See All Agents

Map

Source: Cape May County Association of REALTORS®

MLS Number: 242442

Cape May County Association of REALTORS®

APN: 16-00129-0000-00210-0000-C000A

New Jersey Atlantic County Margate City 08402

16 S Jefferson Ave Unit A, Margate City, NJ

This home is located at 16 S Jefferson Ave Unit A, Margate City, NJ 08402 and is currently priced at $1,550,000, approximately $827 per square foot. This property was built in 2013. 16 S Jefferson Ave Unit A 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Cape May County Association of REALTORS® Broker Reciprocity: The data relating to real estate for sale or rent on this web site comes in part from the Broker Reciprocity program of the Cape May County Multiple Listing Service. Real estate listings held by brokerage firms other than Ten-X are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. This information is deemed reliable but not guaranteed. Representations as subject to verification by inspection and subject to change without notice. Some properties which appear for sale or rent on this website may no longer be available because they are under contract, have sold, or are no longer being offered for sale or rent. Information is deemed to be accurate but not guaranteed.

Nearby Homes