NOT LISTED FOR SALE

407 N Thurlow Ave Margate City, NJ 08402

Estimated Value: $4,128,423 - $5,024,000

5 Beds
5.5 Baths
-- Sq Ft
6,490 Sq Ft Lot

Last Sold July 10, 2020

Last sale price $2,320,500

Est. 97% increase in value since last sale

Current estimated payment $27,198/month

9 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • Boat Slip
  • Deck
  • William H. Ross III Intermediate School Rated A-
  • New Construction
  • Wood Flooring

About This Home

As of July 2020

**NEW PRICE** ANOTHER GORGEOUS NEW CONSTRUCTION MASTERPIECE BROUGHT TO YOU BY REVOLUTION BUILDERS LOCATED ON THE BAY IN MARGATE'S PARKWAY! Perfectly situated with 4 protected boat slips (one of which can hold a 45-footer!) and good water in Margate's Sunset Canal, this 5 bedroom, 5.5 bath, 2 1/2 story home features high ceilings, hardwood flooring, and custom woodwork throughout, including coffered ceilings, wainscoting, crown molding, and an ELEVATOR from the ground level! The huge open floor plan features a family room, gourmet kitchen w/ Wolf & Sub Zero appliances and large center island with ample counter seating, and large dining area that flows onto the rear deck overlooking the bay! The second floor boasts two spacious bedrooms w/ private ensuites. Rounding out the 2nd floor is a generously sized Master suite w/ large walk-in closet, over-sized master bath w/ standing shower and soaking tub, and 72" double vanity! The Master also features it's own private deck from which you can take in the gorgeous sunsets! The third floor has two more bedrooms and another full bath! Additional exterior features include large bayfront deck where you can lounge in the sun or have a BBQ with friends and family! The home will have an oversized attached garage for your car and all of your toys! It will be one of the few new homes still available on the bay in Margate! You don't want to miss this BEAUTY!

Last Agent to Sell the Property

Paula Hartman

BHHS FOX and ROACH-Margate Listed on: 05/21/2020

BHHS FOX and ROACH-Margate

Co-Listed By

Brian Hiltner

BHHS FOX and ROACH-Margate II

Last Buyer's Agent

TROY ROSENZWEIG

BHHS FOX and ROACH-Margate

BHHS FOX and ROACH-Margate

Home Details

Home Type

  • Single Family

Lot Details

  • Lot Dimensions are 65x100
  • Property Fronts a Bay or Harbor
  • Fenced
  • Sprinkler System

Parking

  • 1 Car Attached Garage

Home Design

  • New Construction

Interior Spaces

  • 3-Story Property
  • Elevator
  • Ceiling Fan
  • Family Room with Fireplace
  • Great Room
  • Dining Area
  • Den
  • Storage
  • Water Views

Kitchen

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

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Outdoor Shower
  • Boat Slip
  • Deck
  • Patio
  • 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

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 3 Story
  • Age: 0 To 1 Year
  • New Construction: Yes
  • 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, Family 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
  • Half Bathrooms: 1
  • Other Rooms: Den/Tv Room, Dining Area, Eat In Kitchen, Great Room, Laundry/Utility Room, Pantry

Exterior Features

  • Outside Features: Boat Slip, Curbs, Deck, Fenced Yard, Outside Shower, Patio, Porch, Sidewalks, Sprinkler System

Garage/Parking

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

Utilities

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

Lot Info

  • Location: Bay Front, Bulkheaded, Water View
  • Lot Dimensions: 65x100
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2020
Closed on
Jul 10, 2020
Sold by
Revolution Builders
Bought by
Auerbach Seth and Auerbach Amy
Seller's Agent
Paula Hartman
BHHS FOX and ROACH-Margate
Buyer's Agent
TROY ROSENZWEIG
BHHS FOX and ROACH-Margate
List Price
$2,399,000
Sold Price
$2,320,500
Premium/Discount to List
-$78,500
-3.27%
Current Estimated Value
$4,577,474

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,256,974
Avg. Annual Appreciation
13.30%
Original Mortgage
$1,497,408
Outstanding Balance
$1,327,802
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$3,249,672

Purchase Details

Listed on
Mar 5, 2018
Closed on
Aug 31, 2018
Sold by
407 N Thurlow Avenue Llc
Bought by
Revolution Builders Incorporated
Seller's Agent
Mark Arbeit
LPT Realty
Buyer's Agent
Brian Hiltner
BHHS FOX and ROACH-Margate II
List Price
$1,100,000
Sold Price
$1,075,000
Premium/Discount to List
-$25,000
-2.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
51.24%
Original Mortgage
$1,674,000
Interest Rate
4.8%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 21, 2016
Closed on
Sep 21, 2016
Sold by
Scardigli Dennis and Scardigli Theresa
Bought by
407 N Thurlow Llc
Seller's Agent
Mark Arbeit
LPT Realty
Buyer's Agent
Mark Arbeit
LPT Realty
List Price
$885,000
Sold Price
$885,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.66%

Purchase Details

Closed on
Nov 27, 2015
Sold by
Scardigli Daniel J
Bought by
Scardigli Dennis M and Scardigli Theresa M

Purchase Details

Closed on
Apr 4, 2013
Sold by
Scardigli Theresa M
Bought by
Scardigli Daniel J

Purchase Details

Closed on
Feb 12, 2004
Sold by
Scardigli Dennis M and Scardigli Theresa M
Bought by
Scardigli Theresa M

Purchase Details

Closed on
Jun 14, 2002
Sold by
Gallagher Thomas P and Gallagher Carol L
Bought by
Scardigli Dennis M and Scardigli Theresa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$960,000
Interest Rate
6.75%

Purchase Details

Closed on
Apr 26, 2002
Sold by
Gallagher Thomas P and Gallagher Carol L
Bought by
Gallagher Thomas P and Gallagher Carol L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$960,000
Interest Rate
6.75%
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
Auerbach Seth $2,320,500 Surety Title Company
Revolution Builders Incorporated $1,075,000 None Available
407 N Thurlow Llc $885,000 --
Scardigli Dennis M -- None Available
Scardigli Daniel J -- None Available
Scardigli Theresa M -- --
Scardigli Dennis M $975,000 Congress Title Corp
Gallagher Thomas P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Auerbach Seth $1,497,408
Previous Owner Revolution Builders Incorporated $1,674,000
Previous Owner Scardigli Dennis M $960,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/10/2020 07/10/20 Sold $2,320,500 -3.3% --
05/30/2020 05/30/20 Pending -- -- --
05/21/2020 05/21/20 For Sale $2,399,000 +123.2% --
08/31/2018 08/31/18 Sold $1,075,000 -2.3% -- View Prior Sale
06/21/2018 06/21/18 Pending -- -- --
03/05/2018 03/05/18 For Sale $1,100,000 +24.3% --
09/29/2016 09/29/16 Sold $885,000 0.0% -- View Prior Sale
07/19/2016 07/19/16 Pending -- -- --
03/21/2016 03/21/16 For Sale $885,000 -- --
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 $37,434 $2,191,700 $746,200 $1,445,500
2024 $37,434 $2,191,700 $746,200 $1,445,500
2023 $34,585 $2,191,700 $746,200 $1,445,500
2022 $34,585 $2,191,700 $746,200 $1,445,500
2021 $34,103 $2,191,700 $746,200 $1,445,500
2020 $18,020 $1,164,100 $746,200 $417,900
2019 $11,506 $746,200 $746,200 $0
2018 $11,663 $746,200 $746,200 $0
2017 $11,678 $746,200 $746,200 $0
2016 $11,283 $746,200 $746,200 $0
2015 $11,103 $746,200 $746,200 $0
2014 $10,895 $746,200 $746,200 $0
Source: Public Records

Agents Affiliated with this Home

  • Paula Hartman

    Seller's Agent in 2020

    Paula Hartman

    BHHS Fox & Roach

    (609) 487-7234

    728 Total Sales

    Paula Hartman
    Section Image
  • Brian Hiltner

    Seller Co-Listing Agent in 2020

    Brian Hiltner

    BHHS FOX and ROACH-Margate II

    (609) 703-4789

    134 Total Sales

    Brian Hiltner
    Section Image

  • T

    Buyer's Agent in 2020

    TROY ROSENZWEIG

    BHHS Fox & Roach

    (609) 209-4495

    151 Total Sales

    TROY ROSENZWEIG
    Section Image
  • Mark Arbeit

    Seller's Agent in 2018

    Mark Arbeit

    LPT Realty

    (609) 402-5885

    39 Total Sales

    Mark Arbeit
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 537104

South Jersey Shore Regional MLS

APN: 16-00520-0000-00034-01

New Jersey Atlantic County Margate City 08402

407 N Thurlow Ave, Margate City, NJ

Not Listed for Sale

Detached

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