NOT LISTED FOR SALE

206 N Adams Ave Unit 2 Margate City, NJ 08402

Estimated Value: $1,003,000 - $1,095,978

3 Beds
2 Baths
-- Sq Ft
1,437 Sq Ft Lot

Last Sold July 09, 2018

Last sale price $480,000

Est. 121% increase in value since last sale

Current estimated payment $6,275/month

56 Days on Market

Highlights

  • Water Views
  • Property is near a marina
  • Wood Flooring
  • William H. Ross III Intermediate School Rated A-
  • Cathedral Ceiling
  • End Unit

About This Home

As of July 2018

With hardwood floors throughout and an exceptional attention to detail, this 3 Bedroom 2 Bath townhouse was built for the fussiest Buyer. Located in the heart of the Margate's Marina section, this immaculate townhome condo boasts an expansive great room with a gas log fireplace and a open state of the art custom kitchen complete with a granite counters & center island, custom backsplash, wine fridge, and custom wood cabinets. The great room is adjacent to the spacious dining room with lots of lighting and plenty of room for group dinners. There is a private master bedroom suite with a walk in closet and private spa bathroom featuring tumbled subway tile, wainscoting, spa tub, granite countertops and a large walk in shower with a granite top bench. There are two more spacious bedrooms and another beautiful full bathroom with a granite enclosed tub. Outdoor features include a large backyard, private storage, outdoor shower, and an elevator that goes from ground level to your front door for transporting those heavy bundles and bags. Two car assigned parking too!!! PET FRIENDLY (WOW) and LOW CONDO FEES!!! Walk to the BEST restaurants and shopping in Margate.

Last Agent to Sell the Property

Mark Arbeit

LPT Realty Listed on: 03/23/2018

LPT Realty

Last Buyer's Agent

Debra Magliano

KELLER WILLIAMS REALTY-WASHINGTON TWP

KELLER WILLIAMS REALTY-WASHINGTON TWP

Townhouse Details

Home Type

  • Townhome

Lot Details

  • End Unit
  • Fenced

Home Design

  • Vinyl Siding
  • Stucco

Interior Spaces

  • 2-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Blinds
  • Family Room with Fireplace
  • Great Room
  • Dining Area
  • Wood Flooring
  • Water Views

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Carport
  • Assigned Parking

Outdoor Features

  • Property is near a marina

Utilities

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

Community Details

Overview

  • Association fees include amenities, insurance, maintenance, management, trash
  • Bay Walk Condos

Amenities

  • Community Storage Space
  • Elevator

Recreation

  • Outdoor Community Showers

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Townhouse
  • Also Includes: Blinds
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Two
  • Unit Location: End Unit, Water View
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 1

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Built-In, Family Room, Gas Log
  • Bedrooms: 3
  • Full Bathrooms: 2
  • Other Rooms: Breakfast Nook, Dining Area, Eat In Kitchen, Great Room, Laundry/Utility Room, Pantry
  • Common Area Features: Elevator, Fenced Yard, Outside Shower, Storage Facility

Exterior Features

  • Siding Exterior: Stucco, Vinyl

Garage/Parking

  • Parking Exterior: Two Car, Assigned, Carport

Utilities

  • Air Conditioner: Ceiling Fan(s), Central
  • Heating: Forced Air, Gas-Natural
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater: Gas

Condo/Co-op/Association

  • HOA Includes: Amenities, Insurance, Maintenance, Management, Trash
  • Condo Name: Bay Walk
  • Management: Association, Off-Site Professionals

Lot Info

  • Location: Marina, Water View

Rental Info

  • Pets: Yes

Multi Family

  • Unit Features: Cathedral Ceiling(s), Elevator, Fireplace(s), Hardwood Floors, Kitchen Center Island, Master Bath, Pets Allowed, Walk In/Cedar Closet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 13, 2021
Sold by
Zaso Ray A and Devone Anella
Bought by
Taneja Pravin and Taneja Kajol
Current Estimated Value
$1,058,745

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Outstanding Balance
$508,798
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$549,947

Purchase Details

Listed on
Mar 23, 2018
Closed on
Jul 9, 2018
Sold by
Frustillo Vincent F and Frustillo Maryanne T
Bought by
Zaso Ray A and Devone Anella
Seller's Agent
Mark Arbeit
LPT Realty
Buyer's Agent
Debra Magliano
KELLER WILLIAMS REALTY-WASHINGTON TWP
List Price
$525,000
Sold Price
$480,000
Premium/Discount to List
-$45,000
-8.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.25%
Original Mortgage
$432,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 26, 2007
Sold by
Vacca Joseph and Czarnecki Casimir
Bought by
Frustillo Vincent F and Frustillo Maryanne T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$418,000
Interest Rate
6.47%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Taneja Pravin $700,000 Historic Abstract
Zaso Ray A $480,000 Surety Title Co Llc
Frustillo Vincent F $631,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Taneja Pravin $560,000
Previous Owner Zaso Ray A $432,000
Previous Owner Frustillo Vincent F $418,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/09/2018 07/09/18 Sold $480,000 -5.0% --
05/18/2018 05/18/18 Pending -- -- --
05/08/2018 05/08/18 Price Changed $505,000 -3.8% --
03/23/2018 03/23/18 For Sale $525,000 -- --
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 $8,455 $495,000 $133,300 $361,700
2024 $8,455 $495,000 $133,300 $361,700
2023 $7,811 $495,000 $133,300 $361,700
2022 $7,811 $495,000 $133,300 $361,700
2021 $7,702 $495,000 $133,300 $361,700
2020 $7,663 $495,000 $133,300 $361,700
2019 $8,213 $532,600 $133,300 $399,300
2018 $8,325 $532,600 $133,300 $399,300
2017 $8,335 $532,600 $133,300 $399,300
2016 $8,053 $532,600 $133,300 $399,300
2015 $7,925 $532,600 $133,300 $399,300
2014 $7,776 $532,600 $133,300 $399,300
Source: Public Records

Agents Affiliated with this Home

  • Mark Arbeit

    Seller's Agent in 2018

    Mark Arbeit

    LPT Realty

    (609) 402-5885

    19 in this area

    39 Total Sales

    Mark Arbeit
    Section Image
  • Debra Magliano

    Buyer's Agent in 2018

    Debra Magliano

    KELLER WILLIAMS REALTY-WASHINGTON TWP

    (609) 502-6510

    1 in this area

    16 Total Sales

    Debra Magliano
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 502763

South Jersey Shore Regional MLS

APN: 16-00428-0000-00502-0000-C0002

New Jersey Atlantic County Margate City 08402

206 N Adams Ave Unit 2, Margate City, NJ

Not Listed for Sale

Townhouses

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