NOT LISTED FOR SALE

6 N Adams Ave Unit 3 Margate City, NJ 08402

Estimated Value: $550,000 - $594,000

2 Beds
2 Baths
-- Sq Ft
5,271 Sq Ft Lot

Last Sold March 28, 2022

Last sale price $414,500

Est. 36% increase in value since last sale

Current estimated payment $3,271/month

Highlights

  • Unit is on the top floor
  • Cathedral Ceiling
  • Furnished
  • William H. Ross III Intermediate School Rated A-
  • Wood Flooring
  • Breakfast Area or Nook

About This Home

As of March 2022

Welcome to Margate City. This adorable 2 bedroom 2 bath condominium centrally located downtown Margate, less than two blocks from the beach and shopping district. Enjoy all the amenities of beach living. This unit has been renovated, new kitchen and new appliances. HVAC system only three yers old. Excellent track record for rentals.

Last Agent to Sell the Property

Beth Pinero

FARLEY and FERRY REALTY, INC Listed on: 01/13/2022

Last Buyer's Agent

Linda Novelli

Compass Real Estate-Margate

Compass Real Estate-Margate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,691

Lot Details

  • 5,271

Parking

  • 1 Parking Space

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Furnished
  • Cathedral Ceiling
  • Blinds
  • Wood Flooring

Kitchen

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

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Location

  • Unit is on the top floor

Utilities

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

Community Details

Overview

  • Association fees include insurance, maintenance, management, trash

Amenities

  • Courtesy Bus
  • Community Storage Space

Pet Policy

  • Pets Allowed with Restrictions

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,691

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Converted Apartments
  • Also Includes: Blinds, Furnished
  • Lvt Date: 01/13/2022
  • Age: 25+ Years
  • Number Of Levels In Unit: Three
  • Number Of Stories In Bldg: Two
  • Unit Location: Top Floor
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Bedrooms: 2
  • Full Bathrooms: 2
  • Other Rooms: Breakfast Nook, Eat In Kitchen
  • Common Area Features: Bus Service, Cable Tv, Storage Facility

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

  • Parking Exterior: One Car

Utilities

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

Condo/Co-op/Association

  • HOA Includes: Insurance, Maintenance, Management, Trash
  • Management: Association

Rental Info

  • Pets: Yes W/Restrictions

Multi Family

  • Unit Features: Cathedral Ceiling(s), Hardwood Floors, Kitchen Center Island

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2022
Closed on
Mar 12, 2022
Sold by
Fein Alan and Fein Deborah
Bought by
Uri Llc
Seller's Agent
Beth Pinero
FARLEY and FERRY REALTY, INC
Buyer's Agent
Linda Novelli
Compass Real Estate-Margate
List Price
$429,000
Sold Price
$414,500
Premium/Discount to List
-$14,500
-3.38%
Current Estimated Value
$565,006

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$150,506
Avg. Annual Appreciation
9.01%

Purchase Details

Listed on
Jun 9, 2020
Closed on
Dec 24, 2020
Sold by
Flory Christina E
Bought by
Fein Alan and Fein Deborah
Seller's Agent
Rene Kane
BHHS FOX and ROACH-Margate
Buyer's Agent
Beth Pinero
FARLEY and FERRY REALTY, INC
List Price
$324,500
Sold Price
$315,000
Premium/Discount to List
-$9,500
-2.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.34%
Original Mortgage
$236,250
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 9, 2015
Closed on
Jul 31, 2015
Sold by
Gerben Bernard and Gerben Elke Ellen
Bought by
Flory Christina E
Seller's Agent
Susan and Louis Solomon
BHHS FOX and ROACH-Margate
Buyer's Agent
Rene Kane
BHHS FOX and ROACH-Margate
List Price
$200,000
Sold Price
$200,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.76%
Original Mortgage
$190,000
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 24, 2003
Sold by
Handman Group 191 Lp
Bought by
Gerben Bernard and Gerben Elke Ellen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,000
Interest Rate
4.62%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Uri Llc $414,500 Siligato Michael J
Fein Alan $315,000 Excel Settlement Co Of Nj
Flory Christina E $200,000 Attorney
Gerben Bernard $209,900 --
Gerben Bernard $209,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fein Alan $236,250
Previous Owner Flory Christina E $190,000
Previous Owner Gerben Bernard $164,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/28/2022 03/28/22 Sold $414,500 -3.4% --
01/18/2022 01/18/22 Pending -- -- --
01/13/2022 01/13/22 For Sale $429,000 +36.2% --
12/24/2020 12/24/20 Sold $315,000 -2.9% -- View Prior Sale
11/20/2020 11/20/20 Pending -- -- --
06/09/2020 06/09/20 For Sale $324,500 +62.3% --
07/31/2015 07/31/15 Sold $200,000 0.0% -- View Prior Sale
06/18/2015 06/18/15 Pending -- -- --
06/09/2015 06/09/15 For Sale $200,000 -- --
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 $3,691 $216,100 $109,200 $106,900
2024 $3,691 $216,100 $109,200 $106,900
2023 $3,410 $216,100 $109,200 $106,900
2022 $3,410 $216,100 $109,200 $106,900
2021 $3,363 $216,100 $109,200 $106,900
2020 $3,345 $216,100 $109,200 $106,900
2019 $3,332 $216,100 $109,200 $106,900
2018 $3,378 $216,100 $109,200 $106,900
2017 $3,382 $216,100 $109,200 $106,900
2016 $3,267 $216,100 $109,200 $106,900
2015 $3,216 $216,100 $109,200 $106,900
2014 $3,155 $216,100 $109,200 $106,900
Source: Public Records

Agents Affiliated with this Home

  • Beth Pinero

    Seller's Agent in 2022

    Beth Pinero

    FARLEY and FERRY REALTY, INC

    (609) 304-1096

    9 in this area

    86 Total Sales

    Beth Pinero
    Section Image
  • Linda Novelli

    Buyer's Agent in 2022

    Linda Novelli

    Compass Real Estate-Margate

    (609) 839-3715

    86 in this area

    172 Total Sales

    Linda Novelli
    Section Image
  • Rene Kane

    Seller's Agent in 2020

    Rene Kane

    BHHS Fox & Roach

    (609) 703-8592

    107 in this area

    228 Total Sales

    Rene Kane
    Section Image
  • Susan and Louis Solomon

    Seller's Agent in 2015

    Susan and Louis Solomon

    BHHS Fox & Roach

    (609) 226-5178

    25 in this area

    50 Total Sales

    Susan and Louis Solomon
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 558703

South Jersey Shore Regional MLS

APN: 16-00228-0000-00302-0000-C0003

New Jersey Atlantic County Margate City 08402

6 N Adams Ave Unit 3, Margate City, NJ

This home is located at 6 N Adams Ave Unit 3, Margate City, NJ 08402 since 13 January 2022 and is currently estimated at $565,006. 6 N Adams Ave Unit 3 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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