NOT LISTED FOR SALE

5 N Monroe Ave Unit B Margate City, NJ 08402

Estimated Value: $1,307,000 - $1,498,000

4 Beds
3.5 Baths
-- Sq Ft
4,661 Sq Ft Lot

Last Sold August 09, 2021

Last sale price $945,000

Est. 51% increase in value since last sale

Current estimated payment $8,436/month

Highlights

  • Newly Remodeled
  • Deck
  • End Unit
  • William H. Ross III Intermediate School Rated A-
  • Cathedral Ceiling
  • Great Room

About This Home

As of August 2021

LUXURY NEW CONSTRUCTION, ONLY 1 UNIT REMAINING (unit B). This Margate City townhome residence brings quality, style and functionality together for a gorgeous home only 2 blocks from the beach, steps away from all of the best that Margate has to offer: Restaurants, Bars, Dairy Bar and more. This is the perfect home for a family and for entertaining. 4 spacious bedrooms, 3 gorgeous bathrooms, powder room, spacious closets, elevator ready, chef’s kitchen, wet bar, outdoor shower, technology package, garage, 3 decks w/beautiful views, covered porch, large bonus room, expansive back yard and an optional pool. The home features 9’+ ceiling heights (12’+ vaulted ceilings in bedrooms #1 and #2) and 7” plank flooring throughout. Sun pours through the numerous Anderson windows of this south-facing home as well as down through the open staircase, which emanates light throughout each level. Finishes include custom trim/molding, 8’ solid core doors, Cat 5 wiring, wired for automation/sound, wifi thermostats, quiet bath exhaust fans, dual zone HVAC system, tankless water heater, block foundation, recessed LED lighting, snow white siding, Azek exterior trim, Anderson windows (black exterior, white interior). Optional elevator, in-ground pool and security system. Late winter delivery.

Last Agent to Sell the Property

Jack Yao

REALMART REALTY Listed on: 09/29/2020

Last Buyer's Agent

AGENT NON-MEMBER

NON-MEMBER OFFICE License #00000

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,871

Year Built

  • Built in 1927 | Newly Remodeled

Lot Details

  • End Unit
  • Fenced

Parking

  • 2 Car Attached Garage

Home Design

  • Wood Siding
  • Shingle Siding
  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Bar
  • Cathedral Ceiling
  • Fireplace
  • Entrance Foyer
  • Great Room
  • Dining Room
  • Den
  • Storage In Attic

Kitchen

  • Eat-In Kitchen
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Deck

Utilities

  • Forced Air Zoned Cooling and Heating System
  • Cooling System Powered By Gas
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Cable TV Available

Community Details

Amenities

  • Building Patio
  • Community Deck or Porch
  • Courtesy Bus

Recreation

  • Outdoor Community Showers

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,871

Year Built

Built in 1927 | Newly Remodeled

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Duplex
  • New Construction: Yes
  • Year Built: 1927
  • Age: 0 To 1 Year
  • Number Of Levels In Unit: Three
  • Number Of Stories In Bldg: Three To Five
  • Unit Location: End Unit
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Washer
  • Fireplace: Built-In
  • Bedrooms: 4
  • Bedroom 1: Size: 11X10
  • Bedroom 2: Size: 12X15
  • Bedroom 3: Size: 12X11
  • Bedroom 4: Size: 12X15
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Dining Room: Size: 11X15
  • Family Room: Size: 14X16
  • Kitchen: Size: 11X10
  • Living Room: Size: 17X14
  • Other Rooms: Den/Tv Room, Dining Room, Eat In Kitchen, Great Room, Laundry/Utility Room, Pantry, Storage Attic
  • Common Area Features: Bus Service, Cable Tv, Deck/Porch, Enclsd/Covered Porch, Fenced Yard, Outside Shower, Patio

Exterior Features

  • Siding Exterior: Shingle, Vinyl, Wood

Garage/Parking

  • Garage: Two Car, Attached Garage
  • Parking Exterior: Two Car

Utilities

  • Air Conditioner: Central, Gas, Multi-Zoned
  • Heating: Forced Air, Gas-Natural
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Management: Association

Rental Info

  • Pets: Yes

Multi Family

  • Unit Features: Bar, Cathedral Ceiling(s), Fireplace(s), Foyer, Master Bath, Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 29, 2013
Sold by
Jacobs Eli and Jacobs Andrea
Bought by
Berman Adam and Berman Erika
Current Estimated Value
$1,422,659

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Outstanding Balance
$291,097
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,131,562
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
Berman Adam -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Berman Adam $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/09/2021 08/09/21 Sold $945,000 -3.5% --
11/30/2020 11/30/20 Pending -- -- --
09/29/2020 09/29/20 For Sale $979,000 -- --
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 $11,871 $695,000 $189,800 $505,200
2024 $11,871 $695,000 $189,800 $505,200
2023 $10,967 $695,000 $189,800 $505,200
2022 $10,967 $695,000 $189,800 $505,200
2021 $10,814 $695,000 $189,800 $505,200
2020 $10,759 $695,000 $189,800 $505,200
2019 $10,717 $695,000 $189,800 $505,200
2018 $10,863 $695,000 $189,800 $505,200
2017 $10,877 $695,000 $189,800 $505,200
2016 $10,508 $695,000 $189,800 $505,200
2015 $10,342 $695,000 $189,800 $505,200
2014 $10,147 $695,000 $189,800 $505,200
Source: Public Records

Agents Affiliated with this Home

  • Jack Yao

    Seller's Agent in 2021

    Jack Yao

    REALMART REALTY

    (732) 698-8068

    4 in this area

    505 Total Sales

    Jack Yao
    Section Image

  • A

    Buyer's Agent in 2021

    AGENT NON-MEMBER

    NON-MEMBER OFFICE

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 542813

South Jersey Shore Regional MLS

APN: 16-00130-0000-00219-0000-C000B

New Jersey Atlantic County Margate City 08402

5 N Monroe Ave Unit B, Margate City, NJ

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