NOT LISTED FOR SALE

407 N Rumson Ave Margate City, NJ 08402

Estimated Value: $875,000 - $1,064,000

2 Beds
2 Baths
-- Sq Ft
3,223 Sq Ft Lot

Last Sold July 31, 2015

Last sale price $385,000

Est. 153% increase in value since last sale

Current estimated payment $5,805/month

7 Days on Market

Highlights

  • Ranch Style House
  • Wood Under Carpet
  • Detached Garage
  • William H. Ross III Intermediate School Rated A-
  • Breakfast Area or Nook
  • Porch

About This Home

As of July 2015

This terrific 2 BR 2 BA ranch home is located in the prestigious Parkway section of Margate. For the best in shore living, this meticulous home w/central A/C features a sun-filled living room, a bright eat in kitchen w/breakfast nook, a master BR suite w/private full BR & a large 2nd renovated full BR plus a big laundry room w/full size washer & dryer. Enjoy bay views from the huge covered porch or party with family & friends in the big back yard. In addition outdoor shower, detached garage & 3 car parking.

Last Agent to Sell the Property

Mark Arbeit

NEW ERA REAL ESTATE-B Listed on: 06/11/2015

NEW ERA REAL ESTATE-B

Last Buyer's Agent

Mark Arbeit

NEW ERA REAL ESTATE-B Listed on: 06/11/2015

NEW ERA REAL ESTATE-B

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,369

Lot Details

  • Lot Dimensions are 40x80

Parking

  • Detached Garage

Home Design

  • Ranch Style House
  • Vinyl Siding

Interior Spaces

  • Ceiling Fan
  • Insulated Windows
  • Blinds
  • Dining Area
  • Storage
  • Crawl Space

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood Under Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Attic

  • Attic Fan
  • Storage In Attic

Home Security

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

Outdoor Features

  • Outdoor Shower
  • Porch

Utilities

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

Community Details

  • Parkway Section Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,369

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: Ranch
  • Also Includes: Blinds
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Flooring: Tile, Vinyl, W/W Over Hardwood
  • Interior Amenities: Carbon Monoxide Detector, Storage, Smoke/Fire Alarm
  • Bedrooms: 2
  • Full Bathrooms: 2
  • Basement: Crawl Space
  • Other Rooms: Breakfast Nook, Dining Area, Eat In Kitchen, Laundry/Utility Room, Storage Attic, Primary Br On 1st Floor

Exterior Features

  • Outside Features: Outside Shower, Porch
  • Siding Exterior: Vinyl
  • Storm Screens: Insulated Glass, Screens

Garage/Parking

  • Driveway: Concrete
  • Garage: Detached Garage

Utilities

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

Lot Info

  • Lot Dimensions: 40x80
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2015
Closed on
Jul 31, 2015
Sold by
Grady Kenneth M and Grady Mary Lynn
Bought by
Troilo Joseph and Troilo Amanda
Seller's Agent
Mark Arbeit
NEW ERA REAL ESTATE-B
Buyer's Agent
Mark Arbeit
NEW ERA REAL ESTATE-B
List Price
$385,000
Sold Price
$385,000
Current Estimated Value
$975,617

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$590,617
Avg. Annual Appreciation
9.63%
Original Mortgage
$285,000
Outstanding Balance
$225,064
Interest Rate
4.07%
Mortgage Type
New Conventional
Estimated Equity
$750,553

Purchase Details

Closed on
Jun 27, 2003
Sold by
Heinisch Albert
Bought by
Grady Kenneth and Grady Mary Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,000
Interest Rate
5.45%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 9, 1998
Sold by
Voronkov Mary E
Bought by
Heinisch Albert T and Heinisch Carol Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
6.49%

Purchase Details

Closed on
Oct 11, 1988
Sold by
Norris Loretta
Bought by
Norris Loretta
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Troilo Joseph $385,000 Multiple
Grady Kenneth $299,000 --
Grady Kenneth M $299,000 Mutual Title Agency
Heinisch Albert T $120,000 Fidelity National Title Ins
Norris Loretta -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Troilo Joseph $285,000
Previous Owner Grady Kenneth M $199,000
Previous Owner Heinisch Albert T $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2015 07/31/15 Sold $385,000 0.0% --
06/18/2015 06/18/15 Pending -- -- --
06/11/2015 06/11/15 For Sale $385,000 -- --
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 $6,369 $372,900 $287,000 $85,900
2024 $6,369 $372,900 $287,000 $85,900
2023 $5,884 $372,900 $287,000 $85,900
2022 $5,884 $372,900 $287,000 $85,900
2021 $5,802 $372,900 $287,000 $85,900
2020 $5,772 $372,900 $287,000 $85,900
2019 $5,750 $372,900 $287,000 $85,900
2018 $5,828 $372,900 $287,000 $85,900
2017 $5,836 $372,900 $287,000 $85,900
2016 $5,638 $372,900 $287,000 $85,900
2015 $5,549 $372,900 $287,000 $85,900
2014 $5,444 $372,900 $287,000 $85,900
Source: Public Records

Agents Affiliated with this Home

  • Mark Arbeit

    Seller's Agent in 2015

    Mark Arbeit

    RE/MAX Platinum Properties

    (609) 402-5885

    30 in this area

    54 Total Sales

    Mark Arbeit
    Section Image
See All Agents

Map

Source: South Jersey Shore Regional MLS

MLS Number: 449940

South Jersey Shore Regional MLS

APN: 16-00618-0000-00020

New Jersey Atlantic County Margate City 08402

407 N Rumson Ave, Margate City, NJ

This home is located at 407 N Rumson Ave, Margate City, NJ 08402 since 11 June 2015 and is currently estimated at $975,617. 407 N Rumson Ave is a home located in Atlantic County with nearby schools including William H. Ross III Intermediate School, Eugene A. Tighe Middle School, and Blessed Sacrament Regional School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

South Jersey Shore Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
© 2025 South Jersey Shore Regional Multiple Listing Service. All rights reserved.

Nearby Homes