$2,400,000
SOLD DEC 2, 2024

24 N Exeter Ave Margate City, NJ 08402

5 Beds
5 Baths
-- Sq Ft
3,441 Sq Ft Lot

Recently Sold

1% Below List Price

35 Days on Market

Highlights

  • New Construction
  • In Ground Pool
  • Wood Flooring
  • William H. Ross III Intermediate School Rated A-
  • Deck
  • 4-minute walk to Ross School Playground

About This Home

As of December 2024

Luxury new construction conveniently located on the 1st block North, in Margate's desirable Down Beach Section. Featuring 5 bedrooms and 5 full baths. and allowing for a pleasant walk to Margate's best shopping district, casual and formal dining, Castles, Knit Wit, Hot Bagels and of course Margate's best beaches and the world famous boardwalk. The jumbo lot-size (Approx. 3465 ft.²) is the foundation for the creativity and architectural prowess on display at this property. Exterior features include: Enclosed garage and carport area, rear yard Oasis creating a resort style “down the shore experience”. Featuring; oversized veranda area with electric fireplace overlooking the large Gunite pool with sun shelf, full service outside kitchen and shower/dressing room neatly tucked into the structure of the property. Enter through the fully tiled foyer area and you can immediately appreciate the custom millwork package through the foyer that leads to the fun rear yard along with easy access to the elevator that travels from grade to the top floor. The main level of living space is best described as dramatic and impressive, featuring 10 foot soaring ceilings accented with a stunning millwork package, oversized windows allowing the natural light to flood the space. The splendid chefs kitchen is highlighted with custom cabinetry, upgraded trim package, illuminated uppers & quartz counters. Off to the Bayside of the property is a fully customized full bath along with a 5th bedroom guest suite/den, . The open dining room is large enough to easily accommodate a table of 10, and flows seamlessly into the grand great room which is anchored with an electric, linear, crystal, programmable fireplace and magnificent custom surround. Just off the great room you will find the entertaining deck which is perfect for dining and hanging out with the family. The second level continues the theme of soaring ceilings creating impressive and dramatic space. For optimum convenience there are 4 large exquisite en’suites with each bathroom offering custom tile, designer cabinetry, upgraded fixtures, and frameless glass, shower surround. The 2 suites in the front of the property offer access to the oversized deck. A full size laundry room complete with custom cabinetry and a service sink round out the second floor.

Last Agent to Sell the Property

ROSENZWEIG, TROY ROSENZWEIG

BHHS FOX and ROACH-Margate Listed on: 08/23/2024

Co-Listed By

STACY SCHERR

BHHS FOX and ROACH-Margate

Last Buyer's Agent

ROSENZWEIG, TROY ROSENZWEIG

BHHS FOX and ROACH-Margate Listed on: 08/23/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,155

Year Built

  • Built in 2024 | New Construction

Lot Details

  • Lot Dimensions are 35x96
  • Fenced
  • Sprinkler System

Parking

  • 1 Car Garage

Home Design

  • Slab Foundation

Interior Spaces

  • 2-Story Property
  • Elevator
  • Ceiling Fan
  • Great Room
  • Living Room with Fireplace
  • Dining Area
  • Storage

Kitchen

  • Eat-In Kitchen
  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • 5 Full Bathrooms

Laundry

  • Laundry Room
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Pool

  • In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Deck

Utilities

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,155

Year Built

Built in 2024 | New Construction

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 2 Story
  • Age: 0 To 1 Year
  • Lvt Date: 10/03/2024
  • New Construction: Yes
  • Year Built: 2024
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Disposal, Dishwasher, Gas Stove, Microwave, Refrigerator, Washer
  • Fireplace: Built-In, Living Room
  • Flooring: Hardwood, Tile
  • Interior Amenities: Carbon Monoxide Detector, Elevator, Kitchen Center Island, Storage, Smoke/Fire Alarm, Walk In Closet
  • Bedrooms: 5
  • Full Bathrooms: 5
  • Basement: Slab
  • Other Rooms: Dining Area, Eat In Kitchen, Great Room, Laundry/Utility Room, Pantry

Exterior Features

  • Outside Features: Curbs, Deck, Fenced Yard, Pool-In Ground, Sidewalks, Sprinkler System, Enclosed Outside Shower
  • Siding Exterior: Fiber Cement Board Siding

Garage/Parking

  • Driveway: Concrete
  • Garage: One Car
  • Parking Exterior: Three Or More Cars

Utilities

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

Lot Info

  • Lot Dimensions: 35x96
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 23, 2024
Closed on
Dec 2, 2024
Sold by
Davco Construction Inc
Bought by
Appel Benjamin Bluethenthal and Appel Hannah Jess
Seller's Agent
ROSENZWEIG, TROY ROSENZWEIG
BHHS FOX and ROACH-Margate
Buyer's Agent
ROSENZWEIG, TROY ROSENZWEIG
BHHS FOX and ROACH-Margate
List Price
$2,425,000
Sold Price
$2,400,000
Premium/Discount to List
-$25,000
-1.03%
Views
12
Current Estimated Value
$2,427,421

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,421
Avg. Annual Appreciation
1.55%
Original Mortgage
$1,954,340
Outstanding Balance
$1,938,884
Interest Rate
6.13%
Mortgage Type
New Conventional
Estimated Equity
$488,537

Purchase Details

Closed on
Jun 13, 1967
Bought by
Martino Marie
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $2,442,925 Surety Title
Deed $14,800 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,954,340 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/02/2024 12/02/24 Sold $2,400,000 -1.0% --
09/27/2024 09/27/24 Pending -- -- --
09/10/2024 09/10/24 For Sale $2,425,000 +1.0% --
09/09/2024 09/09/24 Off Market $2,400,000 -- --
08/23/2024 08/23/24 For Sale $2,425,000 +270.2% --
09/29/2023 09/29/23 Sold $655,000 -18.1% $635 / Sq Ft
08/17/2023 08/17/23 Pending -- -- --
08/07/2023 08/07/23 For Sale $799,900 -- $775 / Sq Ft
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 $5,155 $1,283,500 $301,800 $981,700
2024 $5,155 $301,800 $301,800 $0
2023 $5,699 $377,000 $301,800 $75,200
2022 $5,949 $377,000 $301,800 $75,200
2021 $5,616 $377,000 $301,800 $75,200
2020 $5,586 $377,000 $301,800 $75,200
2019 $5,563 $377,000 $301,800 $75,200
2018 $5,643 $377,000 $301,800 $75,200
2017 $5,650 $377,000 $301,800 $75,200
2016 $5,450 $377,000 $301,800 $75,200
2015 $5,360 $377,000 $301,800 $75,200
2014 $5,254 $377,000 $301,800 $75,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 588338

South Jersey Shore Regional MLS

APN: 16-00207-01-00041