NOT LISTED FOR SALE

16 S Jefferson Ave Margate City, NJ 08402

Estimated Value: $1,521,000 - $2,055,000

-- Bed
-- Bath
-- Sq Ft
6,229 Sq Ft Lot

Last Sold February 15, 2013

Last sale price $540,950

Est. 223% increase in value since last sale

Current estimated payment $10,000/month

12 Days on Market

About This Home

As of February 2013

DEVELOPERS - BUILDERS ALERT - BUILD TWO SOUTH SIDE UNITS - LOT SIZE IS 50 x 125 PRICED TO SELL QUICKLY - OIL TANK HAS BEEN REMOVED - PAPERS WILL BE ON FILE

Last Agent to Sell the Property

Virginia Sutor

BHHS FOX and ROACH-Margate Listed on: 01/17/2013

BHHS FOX and ROACH-Margate

Last Buyer's Agent

TROY ROSENZWEIG

BHHS FOX and ROACH-Margate

BHHS FOX and ROACH-Margate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • Lot Dimensions are 50 x 125

Home Design

  • Duplex

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Duplex
  • Year Built: 1948
  • Allow Comsumer Comment: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Dimensions: 50 X 125

Multi Family

  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 11, 2024
Sold by
Elissa Michael W and Elissa Kahn
Bought by
Katz Michael and Katz Ina
Current Estimated Value
$1,749,320

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,550,000
Outstanding Balance
$1,531,867
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$217,453

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

Listed on
Jan 17, 2013
Closed on
Jan 15, 2013
Sold by
Kierod Margaret J
Bought by
Legacy Home Investments Llc
Seller's Agent
Virginia Sutor
BHHS FOX and ROACH-Margate
Buyer's Agent
TROY ROSENZWEIG
BHHS FOX and ROACH-Margate
List Price
$540,950
Sold Price
$540,950

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.56%

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

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
Katz Michael $1,550,000 Trident Land Transfer
Michael W Petrosky And Elissa Kahn Petrosky L -- None Listed On Document
Petrosky Michael W $745,000 None Available
Legacy Home Investments Llc $540,950 None Available
Kierod Margaret J $137,000 The Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Katz Michael $1,550,000
Previous Owner Kierod Margaret J $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/15/2013 02/15/13 Sold $540,950 0.0% --
01/29/2013 01/29/13 Pending -- -- --
01/17/2013 01/17/13 For Sale $540,950 0.0% --
05/15/2012 05/15/12 Rented -- -- --
04/15/2012 04/15/12 Under Contract -- -- --
03/19/2012 03/19/12 For Rent -- -- --
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 $9,590 $561,500 $176,800 $384,700
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

  • Virginia Sutor

    Seller's Agent in 2013

    Virginia Sutor

    BHHS Fox & Roach

    (609) 226-0593

    4 in this area

    9 Total Sales

    Virginia Sutor
    Section Image

  • T

    Buyer's Agent in 2013

    TROY ROSENZWEIG

    BHHS Fox & Roach

    (609) 209-4495

    117 in this area

    151 Total Sales

    TROY ROSENZWEIG
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 405577

South Jersey Shore Regional MLS

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

New Jersey Atlantic County Margate City 08402

16 S Jefferson Ave, Margate City, NJ

Not Listed for Sale

MultiFamily

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