$1,975,000
SOLD MAY 30, 2025

4 N Lancaster Ave Margate City, NJ 08402

4 Beds
2.5 Baths
-- Sq Ft
5,097 Sq Ft Lot

Recently Sold

5% Below List Price

6 Days on Market

Highlights

  • Living Room with Fireplace
  • Wood Flooring
  • Den
  • William H. Ross III Intermediate School Rated A-
  • Sun or Florida Room
  • 1 Car Detached Garage

About This Home

As of May 2025

Great opportunity to own an oversized Margate lot 1st block north, located on the cusp of the Parkway. This location is ideal, close to the beach, surrounded by some of Margate's most expensive properties, soon to be one of Margate's nicest streets, and a short walk to Margate's premier shopping district. The existing home is in fantastic condition, 4 beds, 3 baths, recently renovated, new hardwood floors, kitchen, appliances, mechanicals, and ready for immediate occupancy. The real opportunity is to build a amazing new construction home on this oversized lot. This lot can accommodate a 7 bedroom + home, with a private serene sunny rear yard, with the option of swimming pool, cabanas, expansive rear patios, amazing exterior spaces, large wrap around front porches, tons of parking and storage and the ability to have either 2 floors or 3 floors of living space. Buy now, occupy or rent, and design your one-of-a-kind dream home. Call for details and to set up a private showing.

Last Agent to Sell the Property

Lawrence Stone

Soleil Sotheby's International Realty - A Listed on: 05/01/2025

Soleil Sotheby's International Realty - A

Last Buyer's Agent

Paula Hartman

BHHS FOX and ROACH-Margate

BHHS FOX and ROACH-Margate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,828

Lot Details

  • Lot Dimensions are 59x86
  • Fenced

Parking

  • 1 Car Detached Garage

Home Design

  • Stucco

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Drapes & Rods
  • Blinds
  • Living Room with Fireplace
  • Dining Room
  • Den
  • Sun or Florida Room
  • Crawl Space

Kitchen

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

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Storm Screens
  • Fire and Smoke Detector

Pool

  • Outdoor Shower

Utilities

  • Central Air
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,828

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 2 Story
  • Age: 25+ Years
  • Also Includes: Blinds, Curtains, Drapes
  • Lvt Date: 05/01/2025
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Living Room
  • Flooring: Hardwood, Tile
  • Interior Amenities: Smoke/Fire Alarm
  • Bedrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Crawl Space
  • Other Rooms: Den/Tv Room, Dining Room, Eat In Kitchen, Florida Room

Exterior Features

  • Outside Features: Fenced Yard, Sidewalks, Enclosed Outside Shower
  • Siding Exterior: Stucco
  • Storm Screens: Screens, Storms

Garage/Parking

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

Utilities

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

Lot Info

  • Lot Dimensions: 59x86
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2025
Closed on
May 30, 2025
Sold by
Kramarski Henry E
Bought by
Cohen Richard S and Cohen Wendy
Seller's Agent
Lawrence Stone
Soleil Sotheby's International Realty - A
Buyer's Agent
Paula Hartman
BHHS FOX and ROACH-Margate
List Price
$2,075,000
Sold Price
$1,975,000
Premium/Discount to List
-$100,000
-4.82%
Views
9
Current Estimated Value
$1,682,967

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$292,033
Avg. Annual Appreciation
-47.27%
Original Mortgage
$1,475,000
Interest Rate
6.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 12, 2025
Sold by
Kramarski Henry R and Kramarski Henry E
Bought by
Kramarski Henry E

Purchase Details

Closed on
Feb 25, 2002
Sold by
Karpicki Frank and Karpicki Eileen P
Bought by
Kramarski Henry and Kramarski Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.91%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Sep 24, 1999
Sold by
Maloney Roseann
Bought by
Karpicki Frank K and Karpicki Eileen P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.81%
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 $1,975,000 City Line Abstract
Deed -- None Listed On Document
Bargain Sale Deed $352,500 Commonwealth Land Title Ins
Bargain Sale Deed $260,000 Old Republic Natl Title Ins
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,475,000 New Conventional
Previous Owner $79,530 Credit Line Revolving
Previous Owner $100,000 Stand Alone First
Previous Owner $100,000 No Value Available
Previous Owner $24,200 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2025 05/30/25 Sold $1,975,000 -4.8% --
05/07/2025 05/07/25 Pending -- -- --
05/02/2025 05/02/25 Price Changed $2,074,900 0.0% --
05/01/2025 05/01/25 For Sale $2,075,000 -- --
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 $9,828 $575,400 $393,600 $181,800
2024 $9,828 $575,400 $393,600 $181,800
2023 $8,830 $575,400 $393,600 $181,800
2022 $9,080 $575,400 $393,600 $181,800
2021 $8,703 $575,400 $393,600 $181,800
2020 $8,657 $575,400 $393,600 $181,800
2019 $8,623 $575,400 $393,600 $181,800
2018 $8,744 $575,400 $393,600 $181,800
2017 $8,755 $575,400 $393,600 $181,800
2016 $8,450 $575,400 $393,600 $181,800
2015 $8,312 $575,400 $393,600 $181,800
2014 $8,151 $575,400 $393,600 $181,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 595745

South Jersey Shore Regional MLS

APN: 16-00213-01-00023