NOT LISTED FOR SALE

512 N Union Ave Margate City, NJ 08402

Estimated Value: $3,509,436 - $4,294,000

5 Beds
4.5 Baths
-- Sq Ft
6,752 Sq Ft Lot

Last Sold January 30, 2020

Last sale price $2,500,000

Est. 56% increase in value since last sale

Current estimated payment $22,785/month

158 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • Boat Slip
  • Contemporary Architecture
  • William H. Ross III Intermediate School Rated A-
  • Deck
  • Cathedral Ceiling

About This Home

As of January 2020

Situated on one of Margate’s coveted bay-front properties, this spectacular 3,723-square-foot Mediterranean-style home boasts sophisticated amenities alongside awe-inspiring water views from nearly every room. The entry of this five-bedroom, four and a half bathroom home opens onto a living area with sweeping views of Margate Bay and a sophisticated wood and marble bar with a kitchen pass-through that’s perfect for entertaining. The adjoined chef’s kitchen has the highest-end appliances including a Bertazzoni stove and a Sub-Zero refrigerator, as well as a wine refrigerator, two dishwashers, and two warming drawers. The breakfast room connects to the home’s glorious outdoor living space, where a cozy lanai and a covered outdoor dining area lead to four generous-sized boat slips where the tide never dips below 18 feet. The home’s upper floors give way to spaces for quiet retreat, like a family room with high ceilings and beautiful exposed beams, floor-to-ceiling built-in bookshelves, and a commanding gas fireplace. The master suite has soothing views onto the bay and an en suite bathroom with an oversized dual-sink vanity and large glass-enclosed shower. In addition to its high-end finishes, the home comes with practical amenities like electric awnings, solar-tinted windows, a powerful generator, an attached garage and temperature-controlled crawl space with sump pumps. This is the perfect home for anyone who values functionality yet covets a dream waterfront location.

Last Agent to Sell the Property

Rene Kane

BHHS FOX and ROACH-Margate Listed on: 06/01/2019

BHHS FOX and ROACH-Margate

Last Buyer's Agent

Catherine Burke

Soleil Sotheby's International Realty - A License #SP-9236361

Soleil Sotheby's International Realty - A

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $28,011

Lot Details

  • Lot Dimensions are 67.5 x 100
  • Property Fronts a Bay or Harbor
  • Cul-De-Sac

Home Design

  • Contemporary Architecture
  • Stone Exterior Construction
  • Stucco

Interior Spaces

  • Bar
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Insulated Windows
  • Blinds
  • Family Room with Fireplace
  • Great Room
  • Dining Area
  • Den
  • Library
  • Storage
  • Water Views
  • Crawl Space

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • Whirlpool Bathtub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Burglar Security System
  • Storm Screens

Parking

  • 1 Car Attached Garage
  • Automatic Garage Door Opener

Outdoor Features

  • Outdoor Shower
  • Boat Slip
  • Deck

Utilities

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$28,011

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: Contemporary
  • Age: 2 To 5 Years
  • Also Includes: Blinds
  • Lvt Date: 06/01/2019
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Burglar Alarm, Disposal, Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Built-In, Family Room, Gas Log
  • Flooring: Hardwood, Tile, W/W Carpet
  • Interior Amenities: Bar, Cathedral Ceiling, Kitchen Center Island, Security System, Storage, Walk In Closet, Whirlpool
  • Bedrooms: 5
  • Bedroom 1: On Level: Upper
  • Bedroom 2: On Level: Upper
  • Bedroom 3: On Level: Upper
  • Bedroom 4: On Level: Upper
  • Bedroom 5: On Level: Upper
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Bathroom 1 Level: Upper
  • Bathroom 2 Level: Upper
  • Bathroom 3 Level: Upper
  • Basement: Crawl Space
  • Dining Room: On Level: Main
  • Family Room: On Level: Upper
  • Kitchen: On Level: Main
  • Living Room: On Level: Main
  • Powder Room Level: Main
  • Other Rooms: Den/Tv Room, Dining Area, Eat In Kitchen, Great Room, Laundry/Utility Room, Library/Study

Exterior Features

  • Outside Features: Boat Slip, Deck, Outside Shower, Sidewalks
  • Siding Exterior: Stone, Stucco
  • Storm Screens: Combination, Insulated Glass

Garage/Parking

  • Garage: One Car, Attached Garage, Auto Door Opener
  • Parking Exterior: Two Car

Utilities

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

Lot Info

  • Location: Bay Front, Bulkheaded, Cul-De-Sac, Docks, Water View
  • Lot Dimensions: 67.5 X 100
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2019
Closed on
Jan 30, 2020
Sold by
Glass Carla
Bought by
Schwartz Daniel and Schwartz Paula
Seller's Agent
Rene Kane
BHHS FOX and ROACH-Margate
Buyer's Agent
Catherine Burke
Soleil Sotheby's International Realty - A
List Price
$2,698,000
Sold Price
$2,500,000
Premium/Discount to List
-$198,000
-7.34%
Current Estimated Value
$3,899,479

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,399,479
Avg. Annual Appreciation
8.04%
Original Mortgage
$950,000
Outstanding Balance
$822,554
Interest Rate
2.5%
Mortgage Type
New Conventional
Estimated Equity
$3,076,925

Purchase Details

Listed on
Sep 28, 2012
Closed on
May 13, 2013
Sold by
Buchalski Martin B and Buchalski Debra
Bought by
Glass Carla
Seller's Agent
Paula Hartman
BHHS FOX and ROACH-Margate
Buyer's Agent
Paula Hartman
BHHS FOX and ROACH-Margate
List Price
$2,300,000
Sold Price
$2,300,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.25%

Purchase Details

Closed on
Sep 7, 2012
Sold by
Buchalski Martin and Buchalski Debra
Bought by
Oliver Stanton J and Oliver Claire
Source: Public Records

Range of Values:

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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
Schwartz Daniel $2,500,000 Surety Title Company
Glass Carla $2,300,000 Old Republic National Title
Oliver Stanton J $1,360,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schwartz Daniel $950,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/30/2020 01/30/20 Sold $2,500,000 -7.3% --
11/26/2019 11/26/19 For Sale $2,698,000 +7.9% --
11/06/2019 11/06/19 Pending -- -- --
09/01/2019 09/01/19 Off Market $2,500,000 -- --
06/01/2019 06/01/19 For Sale $2,698,000 +17.3% --
05/13/2013 05/13/13 Sold $2,300,000 0.0% -- View Prior Sale
01/17/2013 01/17/13 Pending -- -- --
09/28/2012 09/28/12 For Sale $2,300,000 -- --
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 $28,011 $1,654,600 $809,200 $845,400
2024 $28,011 $1,654,600 $809,200 $845,400
2023 $26,110 $1,654,600 $809,200 $845,400
2022 $26,110 $1,654,600 $809,200 $845,400
2021 $25,746 $1,654,600 $809,200 $845,400
2020 $25,613 $1,654,600 $809,200 $845,400
2019 $25,514 $1,654,600 $809,200 $845,400
2018 $25,861 $1,654,600 $809,200 $845,400
2017 $25,894 $1,654,600 $809,200 $845,400
2016 $25,018 $1,654,600 $809,200 $845,400
2015 $24,620 $1,654,600 $809,200 $845,400
2014 $24,157 $1,654,600 $809,200 $845,400
Source: Public Records

Agents Affiliated with this Home

  • Rene Kane

    Seller's Agent in 2020

    Rene Kane

    BHHS Fox & Roach

    (609) 703-8592

    107 in this area

    227 Total Sales

    Rene Kane
    Section Image
  • Catherine Burke

    Buyer's Agent in 2020

    Catherine Burke

    Solei SIR Margate

    (609) 377-9582

    2 in this area

    9 Total Sales

    Catherine Burke
    Section Image
  • Paula Hartman

    Seller's Agent in 2013

    Paula Hartman

    BHHS Fox & Roach

    (609) 487-7234

    252 in this area

    742 Total Sales

    Paula Hartman
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 523127

South Jersey Shore Regional MLS

APN: 16-00623-0000-00009

New Jersey Atlantic County Margate City 08402

512 N Union Ave, Margate City, NJ

This home is located at 512 N Union Ave, Margate City, NJ 08402 since 01 June 2019 and is currently estimated at $3,899,479. 512 N Union 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.

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