NOT LISTED FOR SALE

203 N Sumner Ave Margate City, NJ 08402

Estimated Value: $2,110,812 - $2,536,000

5 Beds
3.5 Baths
-- Sq Ft
2,875 Sq Ft Lot

Last Sold September 08, 2023

Last sale price $2,025,000

Est. 16% increase in value since last sale

Current estimated payment $14,029/month

6 Days on Market

Highlights

  • In Ground Pool
  • Deck
  • Great Room
  • William H. Ross III Intermediate School Rated A-
  • Wood Flooring
  • Eat-In Kitchen

About This Home

As of September 2023

Welcome Home to this STUNNING custom-built home located at 203 N Sumner Ave in the beautiful PARKWAY SECTION WITH A POOL! This house boasts 5 spacious bedrooms and 3.5 luxurious bathrooms, making it the perfect place to live and entertain guests in style. As you step inside, you will immediately notice the high-end finishes and elegant design that make this house so unique. The 9ft ceilings, oak hardwood floors, and crown moldings are just a few of the features that give this home character and charm. The living room is centered around a cozy gas fireplace, perfect for curling up on chilly nights. The adjacent wet bar is the perfect spot for mixing cocktails and hosting guests. The eat-in chef kitchen is a standout feature of this home, complete with stainless steel appliances, oversized island, and ample space for cooking and entertaining. Step outside to your private oasis and discover a beautiful in-ground POOL and an expansive patio, perfect for enjoying the warm summer months. The outdoor shower is convenient for rinsing off after a dip in the POOL or a day at the beach. Head upstairs and retreat to the exquisite master suite, featuring a massive shower, Walk-in-Closet and serene bay views from your private Deck. Discover the spacious bedrooms, each with its own unique style, charm and Oversized Closets. High end furniture crafted by Mitchell Gold and Jonathan Adler. This home is beautifully positioned to take advantage of everything Margate City has to offer, located in a great area that is close to the beach and Margate's upscale dining, shopping and family fun activities! Overall, this home is a perfect blend of luxury and comfort, with all the amenities you need to live a life of convenience and elegance. Don't miss the opportunity to make this house your dream home! Will sell furnished with acceptable offer.

Last Agent to Sell the Property

Linda Novelli

Compass Real Estate-Margate Listed on: 06/28/2023

Compass Real Estate-Margate

Co-Listed By

Audrey Panitch Levin

Compass Real Estate-Margate License #2078565

Compass Real Estate-Margate

Last Buyer's Agent

Audrey Panitch Levin

Compass Real Estate-Margate License #2078565

Compass Real Estate-Margate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,788

Lot Details

  • Lot Dimensions are 36x80
  • Fenced

Home Design

  • Shingle Siding
  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Elevator
  • Bar
  • Gas Log Fireplace
  • Family Room with Fireplace
  • Great Room
  • Dining Area
  • Storage

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 2 Parking Spaces
  • Stone Driveway

Pool

  • In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Deck
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,788

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 3 Story
  • Lvt Date: 06/28/2023
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Built-In, Family Room, Gas Log
  • Flooring: Hardwood, Tile
  • Interior Amenities: Bar, Carbon Monoxide Detector, Elevator, Kitchen Center Island, Security System, Storage, Smoke/Fire Alarm, Walk In Closet
  • Bedrooms: 5
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Other Rooms: Dining Area, Eat In Kitchen, Great Room, Laundry/Utility Room, Pantry

Exterior Features

  • Outside Features: Curbs, Deck, Fenced Yard, Patio, Pool-In Ground, Enclosed Outside Shower
  • Siding Exterior: Shingle, Vinyl

Garage/Parking

  • Driveway: Stone
  • Parking Exterior: Two Car

Utilities

  • Air Conditioner: Central
  • Heating: Forced Air, Gas-Natural
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas

Lot Info

  • Lot Dimensions: 36x80
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2020
Closed on
Oct 9, 2020
Sold by
Jcmc Properties Llc
Bought by
Siegal Scott
Seller's Agent
Brigid Bilotta
MARKETPLACE REALTY
Buyer's Agent
Christopher Oliva
Compass New Jersey-Ocean City (O463E)
List Price
$1,125,000
Sold Price
$995,000
Premium/Discount to List
-$130,000
-11.56%
Current Estimated Value
$2,353,203

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,358,203
Avg. Annual Appreciation
19.25%
Original Mortgage
$746,250
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 17, 2019
Closed on
Dec 16, 2019
Sold by
Kelly Marianne R
Bought by
105 N Rumson Llc
Seller's Agent
Brigid Bilotta
MARKETPLACE REALTY
Buyer's Agent
Brigid Bilotta
MARKETPLACE REALTY
List Price
$290,000
Sold Price
$300,000
Premium/Discount to List
$10,000
3.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
284.64%
Original Mortgage
$770,250
Interest Rate
3.6%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 25, 2004
Sold by
Loggi Johnna
Bought by
Kelly Marianne R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,000
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 4, 1996
Sold by
Anzalone Jerry and Anzalone Blanche
Bought by
Loggi Johnna
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
Siegal Scott $995,000 Surety Title
105 N Rumson Llc $300,000 None Available
Kelly Marianne R $269,000 The Title Company Of Jersey
Loggi Johnna -- The Title Company Of Jersey
Loggi Johnna -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Siegal Scott $746,250
Previous Owner 105 N Rumson Llc $770,250
Previous Owner Kelly Marianne R $169,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2023 09/08/23 Sold $2,025,000 -2.4% --
07/04/2023 07/04/23 Pending -- -- --
06/28/2023 06/28/23 For Sale $2,074,000 +108.4% --
10/09/2020 10/09/20 Sold $995,000 -11.6% --
06/05/2020 06/05/20 Pending -- -- --
03/10/2020 03/10/20 For Sale $1,125,000 +275.0% --
11/20/2019 11/20/19 Sold $300,000 +3.4% --
11/17/2019 11/17/19 Pending -- -- --
11/17/2019 11/17/19 For Sale $290,000 -- --
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 $14,788 $865,800 $244,300 $621,500
2024 $14,788 $865,800 $244,300 $621,500
2023 $13,662 $865,800 $244,300 $621,500
2022 $13,662 $865,800 $244,300 $621,500
2021 $7,943 $510,500 $244,300 $266,200
2020 $5,087 $328,600 $244,300 $84,300
2019 $5,067 $328,600 $244,300 $84,300
2018 $5,136 $328,600 $244,300 $84,300
2017 $5,143 $328,600 $244,300 $84,300
2016 $4,968 $328,600 $244,300 $84,300
2015 $4,890 $328,600 $244,300 $84,300
2014 $4,798 $328,600 $244,300 $84,300
Source: Public Records

Agents Affiliated with this Home

  • Linda Novelli

    Seller's Agent in 2023

    Linda Novelli

    Compass Real Estate-Margate

    (609) 839-3715

    83 in this area

    171 Total Sales

    Linda Novelli
    Section Image
  • Audrey Panitch Levin

    Seller Co-Listing Agent in 2023

    Audrey Panitch Levin

    Compass Real Estate-Margate

    (267) 250-8224

    33 in this area

    57 Total Sales

    Audrey Panitch Levin
    Section Image
  • Brigid Bilotta

    Seller's Agent in 2020

    Brigid Bilotta

    MARKETPLACE REALTY

    (609) 412-3806

    24 in this area

    81 Total Sales

    Brigid Bilotta
    Section Image
  • Christopher Oliva

    Buyer's Agent in 2020

    Christopher Oliva

    Compass New Jersey-Ocean City (O463E)

    (609) 602-0508

    2 in this area

    87 Total Sales

    Christopher Oliva
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 575371

South Jersey Shore Regional MLS

APN: 16-00419-0000-00010

New Jersey Atlantic County Margate City 08402

203 N Sumner Ave, Margate City, NJ

This home is located at 203 N Sumner Ave, Margate City, NJ 08402 since 28 June 2023 and is currently estimated at $2,353,203. 203 N Sumner Ave 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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