NOT LISTED FOR SALE

318 N Rumson Ave Margate City, NJ 08402

Estimated Value: $3,582,000 - $3,976,000

6 Beds
6 Baths
-- Sq Ft
6,011 Sq Ft Lot

Last Sold October 01, 2021

Last sale price $2,499,000

Est. 51% increase in value since last sale

Current estimated payment $22,624/month

36 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • Boat Slip
  • In Ground Pool
  • William H. Ross III Intermediate School Rated A-
  • New Construction
  • Home fronts a lagoon or estuary

About This Home

As of October 2021

BAY FRONT PARKWAY NEW CONSTRUCTION! Three-story home featuring six bedrooms, six full baths, IN-GROUND POOL OPTION, ELEVATOR, & multiple decks with the most MAGNIFICENT VIEWS! Spacious open living room, dining area, and gourmet kitchen with center island! Second floor features expansive master suite, full bath with shower, jacuzzi tub, and double sinks, walk-in closet, & deck to bask in the bay breezes. Two bedroom-suites each with their own private full baths and a laundry room complete this floor. Third floor boasts a loft area perfect for entertaining the family, two more bedrooms and yet another full bath! Optional 7th bathroom can be added on 3rd floor as additional upgrade!! Attached garage and driveway for plenty of off-street parking. Dream PARKWAY location just a few blocks to the beach plus close to Margate's finest shopping and dining!

Last Agent to Sell the Property

Paula Hartman

BHHS FOX and ROACH-Margate Listed on: 06/11/2020

BHHS FOX and ROACH-Margate

Co-Listed By

Dana Hartman

BHHS FOX and ROACH-Margate II

Last Buyer's Agent

Susan and Louis Solomon

BHHS FOX and ROACH-Margate

BHHS FOX and ROACH-Margate

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2020 | New Construction

Lot Details

  • Lot Dimensions are 60x100
  • Home fronts a lagoon or estuary
  • Property Fronts a Bay or Harbor
  • Fenced
  • Sprinkler System

Home Design

  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Elevator
  • Ceiling Fan
  • Gas Log Fireplace
  • Great Room
  • Living Room with Fireplace
  • Dining Area
  • Den
  • Recreation Room
  • Loft
  • Storage
  • Water Views
  • Crawl Space
  • Storage In Attic

Kitchen

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

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet
  • Bathroom on Main Level
  • 6 Full Bathrooms
  • Whirlpool Bathtub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

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

Parking

  • 3 Car Attached Garage
  • Automatic Garage Door Opener

Pool

  • In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Boat Slip
  • Deck
  • Patio
  • Porch

Utilities

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

Home Details

Home Type

Single Family

Year Built

Built in 2020 | New Construction

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 3 Story
  • Age: 0 To 1 Year
  • New Construction: Yes
  • Year Built: 2020
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Built-In, Gas Log, Living Room
  • Flooring: Hardwood, Tile
  • Interior Amenities: Carbon Monoxide Detector, Elevator, Kitchen Center Island, Storage, Smoke/Fire Alarm, Walk In Closet, Whirlpool
  • Bedrooms: 6
  • Bedroom 1: On Level: Upper
  • Bedroom 2: On Level: Upper
  • Bedroom 3: On Level: Upper
  • Bedroom 4: On Level: Upper
  • Bedroom 5: On Level: Upper
  • Full Bathrooms: 6
  • Bathroom 1 Level: Main
  • Bathroom 2 Level: Upper
  • Bathroom 3 Level: Upper
  • Basement: Crawl Space
  • Dining Room: On Level: Main
  • Family Room: On Level: Main
  • Kitchen: On Level: Main
  • Living Room: On Level: Main
  • Powder Room Level: Main
  • Other Rooms: Den/Tv Room, Dining Area, Eat In Kitchen, Great Room, Laundry/Utility Room, Loft, Pantry, Recreation/Family, Storage Attic

Exterior Features

  • Outside Features: Boat Slip, Curbs, Deck, Fenced Yard, Outside Shower, Patio, Pool-In Ground, Porch, Sidewalks, Sprinkler System
  • Siding Exterior: Vinyl
  • Storm Screens: Combination

Garage/Parking

  • Driveway: Concrete
  • Garage: Auto Door Opener, Attached Garage
  • 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: Gas

Lot Info

  • Location: Bay Front, Bulkheaded, Docks, Lagoon Front, Water View
  • Lot Dimensions: 60X100
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2020
Closed on
Oct 1, 2021
Sold by
Ricca Amanda
Bought by
Irrevocable Trust and Pacifico
Seller's Agent
Paula Hartman
BHHS FOX and ROACH-Margate
Buyer's Agent
Susan and Louis Solomon
BHHS FOX and ROACH-Margate
List Price
$2,499,000
Sold Price
$2,499,000
Current Estimated Value
$3,762,338

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,263,338
Avg. Annual Appreciation
10.28%

Purchase Details

Listed on
Apr 30, 2018
Closed on
May 20, 2019
Sold by
Miller George K and Miller Debra T
Bought by
Ricca Amanda
Seller's Agent
Angel DiPentino
LONG and FOSTER REAL ESTATE INC-Longport
Buyer's Agent
Dana Hartman
BHHS FOX and ROACH-Margate II
List Price
$1,295,000
Sold Price
$1,065,000
Premium/Discount to List
-$230,000
-17.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
43.32%
Original Mortgage
$1,494,000
Interest Rate
3.82%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 2, 1979
Bought by
Miller George K and Miller Debra T
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Irrevocable Trust $2,499,000 New Title Company Name
Ricca Amanda $1,065,000 None Available
Miller George K $180,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ricca Amanda $1,494,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/01/2021 10/01/21 Sold $2,499,000 0.0% --
07/17/2020 07/17/20 Pending -- -- --
06/11/2020 06/11/20 For Sale $2,499,000 +134.6% --
05/20/2019 05/20/19 Sold $1,065,000 -17.8% -- View Prior Sale
11/09/2018 11/09/18 For Sale $1,295,000 0.0% --
09/06/2018 09/06/18 Pending -- -- --
04/30/2018 04/30/18 For Sale $1,295,000 -- --
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 $33,999 $1,990,600 $688,800 $1,301,800
2024 $33,999 $1,990,600 $688,800 $1,301,800
2023 $31,202 $1,977,300 $688,800 $1,288,500
2022 $31,202 $1,977,300 $688,800 $1,288,500
2021 $18,832 $1,210,300 $688,800 $521,500
2020 $10,663 $688,800 $688,800 $0
2019 $13,801 $895,000 $688,800 $206,200
2018 $13,989 $895,000 $688,800 $206,200
2017 $14,007 $895,000 $688,800 $206,200
2016 $13,532 $895,000 $688,800 $206,200
2015 $13,318 $929,700 $688,800 $240,900
2014 $13,574 $929,700 $688,800 $240,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 537849

South Jersey Shore Regional MLS

APN: 16-00619-0000-00025