NOT LISTED FOR SALE

208 N Lancaster Ave Margate City, NJ 08402

Estimated Value: $946,391 - $1,082,000

3 Beds
1.5 Baths
-- Sq Ft
3,093 Sq Ft Lot

Last Sold June 26, 2020

Last sale price $400,000

Est. 160% increase in value since last sale

Current estimated payment $5,929/month

90 Days on Market

Highlights

  • Main Floor Primary Bedroom
  • Eat-In Kitchen
  • Storage
  • William H. Ross III Intermediate School Rated A-
  • Laundry Room
  • 3-minute walk to Jerome Avenue Park

About This Home

As of June 2020

Situated on a huge 36’ x 86’ lot, this delightful 3 BR 2 BA home offers one of the largest yards in Margate! The first floor features a sun-filled open living room that flows into a large dining area complete with two great bay windows. Adjacent to the dining area is a spacious kitchen, small laundry room, and second entrance. Down the hall you will find a full bath and two sizable bedrooms. Off one of the bedrooms there are sliding doors out to the spacious back deck. On the 2nd floor you will find the 3rd bedroom, a half bath, and large "storage" room which can be converted into a 4th bedroom. Exterior highlights include a huge backyard with 2 storage sheds, freshly painted front and back decks, and a driveway that fits up to 3-4 cars! Located in one of the best sections of Margate, this shore house is in the perfect location to make meaningful summer memories!

Last Agent to Sell the Property

Mark Arbeit

NEW ERA REAL ESTATE-B Listed on: 02/20/2020

NEW ERA REAL ESTATE-B

Co-Listed By

Sean Tannehill

NEW ERA REAL ESTATE-B

Last Buyer's Agent

Dana Hartman

BHHS FOX and ROACH-Margate II

BHHS FOX and ROACH-Margate II

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,722

Lot Details

  • Lot Dimensions are 36' x 86'
  • Fenced

Parking

  • 1 Parking Space

Home Design

  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Insulated Windows
  • Blinds
  • Dining Area
  • Storage
  • Crawl Space
  • Storage In Attic

Kitchen

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

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Bathroom on Main Level

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Storm Screens
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Outdoor Shower
  • Shed

Utilities

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,722

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 2 Story
  • Also Includes: Blinds
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Flooring: Tile, W/W Carpet
  • Interior Amenities: Carbon Monoxide Detector, Storage, Smoke/Fire Alarm
  • Bedrooms: 3
  • Bedroom 1: On Level: Main
  • Bedroom 2: On Level: Main
  • Bedroom 3: On Level: Upper
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Bathroom 1 Level: Main
  • Basement: Crawl Space
  • Dining Room: On Level: Main
  • Kitchen: On Level: Main
  • Living Room: On Level: Main
  • Powder Room Level: Upper
  • Other Rooms: Dining Area, Eat In Kitchen, Laundry/Utility Room, Storage Attic, Primary Br On 1st Floor

Exterior Features

  • Outside Features: Fenced Yard, Outside Shower, Shed
  • Siding Exterior: Brick, Vinyl
  • Storm Screens: Insulated Glass, Screens

Garage/Parking

  • Driveway: Concrete
  • Parking Exterior: One Car

Utilities

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

Lot Info

  • Lot Dimensions: 36' X 86'
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 20, 2020
Closed on
Jun 26, 2020
Sold by
Patterson Diane Bernard and Bernard Norma E
Bought by
Magrann Patricia J and Magrann Kyle E
Seller's Agent
Mark Arbeit
NEW ERA REAL ESTATE-B
Buyer's Agent
Dana Hartman
BHHS FOX and ROACH-Margate II
List Price
$425,000
Sold Price
$400,000
Premium/Discount to List
-$25,000
-5.88%
Current Estimated Value
$1,041,598

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$641,598
Avg. Annual Appreciation
19.63%
Original Mortgage
$360,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 24, 2000
Sold by
Bernard Norma
Bought by
Bernard Norma E and Patterson Diane Bernard

Purchase Details

Closed on
May 19, 2000
Sold by
Berntheisel Melvyn K
Bought by
Bernard Norma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
7.74%
Source: Public Records

Range of Values:

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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
Magrann Patricia J $400,000 City Abstract Llc
Bernard Norma E -- --
Bernard Norma $148,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Magrann Patricia J $360,000
Previous Owner Bernard Norma $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/26/2020 06/26/20 Sold $400,000 -5.9% --
05/20/2020 05/20/20 Pending -- -- --
02/20/2020 02/20/20 For Sale $425,000 -- --
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 $5,722 $335,000 $249,600 $85,400
2024 $5,722 $335,000 $249,600 $85,400
2023 $5,286 $335,000 $249,600 $85,400
2022 $5,286 $335,000 $249,600 $85,400
2021 $5,213 $335,000 $249,600 $85,400
2020 $5,186 $335,000 $249,600 $85,400
2019 $5,166 $335,000 $249,600 $85,400
2018 $5,236 $335,000 $249,600 $85,400
2017 $5,341 $341,300 $249,600 $91,700
2016 $4,944 $327,000 $249,600 $77,400
2015 $4,866 $327,000 $249,600 $77,400
2014 $4,774 $327,000 $249,600 $77,400
Source: Public Records

Agents Affiliated with this Home

  • Mark Arbeit

    Seller's Agent in 2020

    Mark Arbeit

    RE/MAX Platinum Properties

    (609) 402-5885

    21 in this area

    43 Total Sales

    Mark Arbeit
    Section Image
  • Sean Tannehill

    Seller Co-Listing Agent in 2020

    Sean Tannehill

    RE/MAX Platinum Properties

    (609) 412-0307

    52 in this area

    108 Total Sales

    Sean Tannehill
    Section Image
  • Dana Hartman

    Buyer's Agent in 2020

    Dana Hartman

    BHHS FOX and ROACH-Margate II

    (609) 287-6201

    102 in this area

    199 Total Sales

    Dana Hartman
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 534188

South Jersey Shore Regional MLS

APN: 16-00413-01-00018

New Jersey Atlantic County Margate City 08402

208 N Lancaster Ave, Margate City, NJ

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