NOT LISTED FOR SALE

Estimated Value: $282,000 - $439,178

1 Bed
1.5 Baths
-- Sq Ft
828 Sq Ft Lot

Last Sold December 19, 2023

Last sale price $425,000

Est. 11% decrease in value since last sale

Current estimated payment $2,511/month

104 Days on Market

Highlights

  • Ocean Front
  • Attached Garage
  • Heat Pump System
  • Building is beachfront but unit may not have water views
  • Central Air
  • 4-minute walk to O'Donnell Memorial Park

About This Home

As of December 2023

Manhattan loft living in AC! Completely remodeled in every aspect this two-story penthouse has 18’ ceilings, crown molding and sweeping 180 degree southern facing panoramic views of ocean, boardwalk and beyond. Enlarged brand new kitchen with black stainless smart appliances, leather-finish granite countertops with seating for 4 and plenty of added storage. There are 2 completely remodeled bathrooms featuring high-end designer finishes. Master bath shower is made of Carrara marble featuring 2 large rain shower heads. Floors throughout are custom polished concrete. Floor to ceiling windows feature electric shades. New stairs to 2nd level have glass railings and large storage under stairs. Laundry/utility room like no other in the building, includes new washer and dryer, HVAC and hot water heater; featuring shelving and matching granite folding table.. The building offers garage parking and bike parking. Live the resort lifestyle with both indoor and oputdoor pools, sauna, gym, clubhouse, library, and 24 hour security. This is an AMAZING location right on the boardwalk. Walk to all your favorite restaurants, casinos and more! You won't find anything else like this! CALL US TODAY..

Last Agent to Sell the Property

Paula Hartman

BHHS FOX and ROACH-Margate Listed on: 07/26/2023

BHHS FOX and ROACH-Margate

Co-Listed By

Todd Gordon

BHHS FOX and ROACH-Margate III

Last Buyer's Agent

Jim Murray

Keller Williams Realty Jersey Shore-Ocean City

Keller Williams Realty Jersey Shore-Ocean City

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,944

Lot Details

  • Building is beachfront but unit may not have water views
  • Ocean Front

Parking

  • Attached Garage

Property Views

  • Water Views

Kitchen

  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom

Laundry

  • Dryer
  • Washer

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Community Details

Overview

  • Enclave Condos
  • 11-Story Property

Recreation

  • Community Boardwalk

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,944

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Lvt Date: 07/26/2023
  • Age: 25+ Years
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Eleven Or More
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Washer
  • Bedrooms: 1
  • Full Bathrooms: 1
  • Half Bathrooms: 1

Garage/Parking

  • Garage: Attached Garage

Utilities

  • Air Conditioner: Central
  • Heating: Electric, Heat Pump
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater: Electric

Condo/Co-op/Association

  • Condo Name: Enclave

Lot Info

  • Location: Beach Block, Boardwalk Front, Ocean Front, Boardwalk Area, Water View

Rental Info

  • Pets: No Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2023
Closed on
Dec 13, 2023
Sold by
Morningside Properties Llc
Bought by
Jessup Mariell
Seller's Agent
Paula Hartman
BHHS FOX and ROACH-Margate
Buyer's Agent
Jim Murray
Keller Williams Realty Jersey Shore-Ocean City
List Price
$479,000
Sold Price
$425,000
Premium/Discount to List
-$54,000
-11.27%
Views
173
Current Estimated Value
$378,545

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$46,455
Avg. Annual Appreciation
-3.18%

Purchase Details

Listed on
Oct 4, 2021
Closed on
Mar 22, 2022
Sold by
Cereste Nicholas A
Bought by
Morningside Properties Llc
Seller's Agent
Paula Hartman
BHHS FOX and ROACH-Margate
Buyer's Agent
Todd Gordon
BHHS FOX and ROACH-Margate III
List Price
$249,000
Sold Price
$200,000
Premium/Discount to List
-$49,000
-19.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
54.22%

Purchase Details

Closed on
Apr 26, 2012
Sold by
Granieri Frank Paul
Bought by
Cereste Nicholas A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 8, 2006
Sold by
Lowenbraun Nathan
Bought by
Frank Lowenbruan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
6.62%
Source: Public Records

Range of Values:

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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
Jessup Mariell $425,000 Foundation Title
Morningside Properties Llc $200,000 New Title Company Name
Cereste Nicholas A $235,000 Stewart Title Guaranty Co
Frank Lowenbruan $450,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cereste Nicholas A $188,000
Previous Owner Granieri Frank Paul $337,500
Previous Owner Granieri Frank Paul $22,500
Previous Owner Frank Lowenbruan $360,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/19/2023 12/19/23 Sold $425,000 -5.3% --
11/07/2023 11/07/23 Pending -- -- --
09/09/2023 09/09/23 Price Changed $449,000 -2.2% --
08/30/2023 08/30/23 Price Changed $459,000 -4.2% --
07/26/2023 07/26/23 For Sale $479,000 +139.5% --
03/23/2022 03/23/22 Sold $200,000 -19.7% --
03/08/2022 03/08/22 Pending -- -- --
02/11/2022 02/11/22 For Sale $249,000 0.0% --
11/24/2021 11/24/21 Pending -- -- --
10/04/2021 10/04/21 For Sale $249,000 -- --
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 $5,944 $172,200 $100,000 $72,200
2024 $5,944 $172,200 $100,000 $72,200
2023 $6,504 $172,200 $100,000 $72,200
2022 $6,504 $172,200 $100,000 $72,200
2021 $8,769 $224,800 $100,000 $124,800
2020 $8,844 $224,800 $100,000 $124,800
2019 $7,370 $185,000 $92,500 $92,500
2018 $6,536 $185,000 $92,500 $92,500
2017 $7,697 $225,000 $112,500 $112,500
2016 $8,685 $225,000 $112,500 $112,500
2015 $7,700 $225,000 $112,500 $112,500
2014 $8,370 $250,000 $125,000 $125,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 576275

South Jersey Shore Regional MLS

APN: 02-00017-0000-00002-0000-C2706