NOT LISTED FOR SALE

223 N Nassau Ave Margate City, NJ 08402

Estimated Value: $1,696,000 - $2,844,000

5 Beds
3.5 Baths
-- Sq Ft
3,049 Sq Ft Lot

Last Sold April 17, 2023

Last sale price $1,750,000

Est. 28% increase in value since last sale

Current estimated payment $13,350/month

73 Days on Market

Highlights

  • Zoned Heating
  • William H. Ross III Intermediate School Rated A-
  • 4-minute walk to Jerome Avenue Park

About This Home

As of April 2023

Spring 2023 Completion!! New construction Margate parkway section hosting 5 bedrooms and 3.5 baths. Offering high end finishes throughout, multiple oversized decks and space for a pool this house is the epitome of the Jersey Shore lifestyle. End your days gazing at the most spectacular sunsets from your decks. Call for plans, specifications and to schedule a walk through with the builder. This is the beach house you've been searching for don't let it slip away!! Pool is an option and not included in listing price.

Last Agent to Sell the Property

Jaime Kravitz

DILORENZO REALTY GROUP, LLC Listed on: 09/07/2022

Last Buyer's Agent

Linda Novelli

Compass Real Estate-Margate

Compass Real Estate-Margate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,874

Lot Details

  • 3,049

Parking

  • 1 Car Garage

Bedrooms and Bathrooms

  • 5 Bedrooms

Utilities

  • Zoned Heating
  • Heating System Uses Natural Gas

Additional Features

  • 3-Story Property
  • Lot Dimensions are 38x80

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,874

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 3 Story
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Bedrooms: 5
  • Full Bathrooms: 3
  • Half Bathrooms: 1

Garage/Parking

  • Garage: One Car
  • Parking Exterior: One Car

Utilities

  • Heating: Gas-Natural, Multi-Zoned
  • Sewer: Public Sewer
  • Water: Public

Lot Info

  • Lot Dimensions: 38x80
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 30, 2023
Sold by
Mondevergine Michael A and Mondevergine Lisa L
Bought by
Mondevergine Family Trust and Mondevergine
Current Estimated Value
$2,234,188

Purchase Details

Listed on
Sep 7, 2022
Closed on
Apr 17, 2023
Sold by
8602 Amherst Ave Llc
Bought by
Mondevergine Michael A and Mondevergine Lisa L
Seller's Agent
Jaime Kravitz
DILORENZO REALTY GROUP, LLC
Buyer's Agent
Linda Novelli
Compass Real Estate-Margate
List Price
$1,899,000
Sold Price
$1,750,000
Premium/Discount to List
-$149,000
-7.85%
Views
12

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.14%
Original Mortgage
$850,000
Interest Rate
6.39%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 13, 2021
Sold by
Gamburg Robert M
Bought by
8602 Amherst Ave Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
5.11%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 24, 2005
Sold by
Baughman Christopher M and Gamburg Robert
Bought by
Gamburg Robert M

Purchase Details

Closed on
Apr 29, 2002
Sold by
Hoffman Daniel D and Hoffman Daniel B
Bought by
Baughman Christopher M and Gamburg Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,750
Interest Rate
7.15%

Purchase Details

Closed on
Mar 22, 2001
Sold by
Hoffman Ephraim and Hoffman Daniel B
Bought by
Hoffman Daniel B
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
Mondevergine Family Trust -- None Listed On Document
Mondevergine Michael A $1,750,000 None Listed On Document
8602 Amherst Ave Llc $517,000 None Listed On Document
Gamburg Robert M -- --
Baughman Christopher M $205,000 --
Hoffman Daniel B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mondevergine Michael A $850,000
Previous Owner 8602 Amherst Ave Llc $800,000
Previous Owner Baughman Christopher M $194,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/17/2023 04/17/23 Sold $1,750,000 -2.7% --
11/19/2022 11/19/22 Pending -- -- --
10/15/2022 10/15/22 Price Changed $1,799,000 -5.3% --
09/07/2022 09/07/22 For Sale $1,899,000 -- --
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 $19,874 $1,177,500 $224,800 $952,700
2024 $19,874 $1,163,600 $224,800 $938,800
2023 $3,547 $374,800 $224,800 $150,000
2022 $3,547 $224,800 $224,800 $0
2021 $4,844 $311,300 $224,800 $86,500
2020 $4,819 $311,300 $224,800 $86,500
2019 $4,800 $311,300 $224,800 $86,500
2018 $4,866 $311,300 $224,800 $86,500
2017 $4,872 $311,300 $224,800 $86,500
2016 $4,707 $311,300 $224,800 $86,500
2015 $4,632 $311,300 $224,800 $86,500
2014 $4,545 $311,300 $224,800 $86,500
Source: Public Records

Agents Affiliated with this Home

  • Jaime Kravitz

    Seller's Agent in 2023

    Jaime Kravitz

    DILORENZO REALTY GROUP, LLC

    (609) 226-6464

    36 in this area

    60 Total Sales

    Jaime Kravitz
    Section Image
  • Linda Novelli

    Buyer's Agent in 2023

    Linda Novelli

    Compass Real Estate-Margate

    (609) 839-3715

    85 in this area

    170 Total Sales

    Linda Novelli
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 566834

South Jersey Shore Regional MLS

APN: 16-00414-0000-00001

New Jersey Atlantic County Margate City 08402

223 N Nassau Ave, Margate City, NJ

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