NOT LISTED FOR SALE

61 Bayside Ct Margate City, NJ 08402

Estimated Value: $1,037,842 - $2,182,000

0.1 Acre
$14,049,073 Price per Acre
4,182 Sq Ft Lot

Last Sold April 23, 2021

Last sale price $372,500

Est. 262% increase in value since last sale

Current estimated payment $8,421/month

13 Days on Market

About This Lot

As of April 2021

One of the few remaining cleared & buildable lots in Margate. High elevation and located in the fashionable Interlude community. Quiet enclave of exceptional residences. Short drive to the beach. Best deal in Margate you can not even find a teardown for anywhere near this price. Private heated pool just a few steps away for Interlude home owners. Easy access to the JCC, Tennis & Basketball courts. Ready for you to build your dream home! Survey & Deed restrictions in associated documents.

Last Agent to Sell the Property

Joanne Ferraro

BHHS FOX and ROACH-Margate License #9231960 Listed on: 03/07/2021

BHHS FOX and ROACH-Margate

Last Buyer's Agent

Jeff Silva

OCF REALTY, LLC License #0570813

OCF REALTY, LLC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $12,861

Lot Details

  • Cul-De-Sac
  • Cleared Lot

Utilities

  • Gas Available

Property Details

Property Type

Land

Est. Annual Taxes

$12,861

Lot Details

0

Listing Details

  • Class: Lots/Land
  • Type: 1+ To 5 Acres
  • Lvt Date: 03/07/2021
  • Development Status: Buildable Lot
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Frontage: Town

Utilities

  • Utilities Available: Electric, Gas, Sewer, Water

Lot Info

  • Location: Cul-De-Sac
  • Lot Dimensions: 50 X 84 Irregular
  • Improvements: Curb
  • Number Of Lots: One
  • Topography: Cleared
  • Zoning: Residential

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2021
Closed on
Apr 21, 2021
Sold by
Ferraro Ronald and Ferraro Joanne
Bought by
Bermon Robert A and Bermon Anne N
Seller's Agent
Joanne Ferraro
BHHS FOX and ROACH-Margate
Buyer's Agent
Jeff Silva
OCF REALTY, LLC
List Price
$389,000
Sold Price
$372,500
Premium/Discount to List
-$16,500
-4.24%
Current Estimated Value
$1,348,711

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$976,211
Avg. Annual Appreciation
34.60%
Original Mortgage
$279,375
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 23, 1995
Sold by
Athena Protective Corp
Bought by
Ferraro Ronald and Ferraro Joanne
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
Bermon Robert A $372,500 Choice One Abstract Inc
Ferraro Ronald $38,000 Liberty Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Bermon Robert A $279,375
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/23/2021 04/23/21 Sold $372,500 -4.2% --
03/20/2021 03/20/21 Pending -- -- --
03/07/2021 03/07/21 For Sale $389,000 -- --
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
2024 $12,861 $753,000 $257,600 $495,400
2023 $4,065 $683,700 $257,600 $426,100
2022 $4,065 $257,600 $257,600 $0
2021 $4,008 $257,600 $257,600 $0
2020 $3,988 $257,600 $257,600 $0
2019 $3,972 $257,600 $257,600 $0
2018 $4,026 $257,600 $257,600 $0
2017 $4,031 $257,600 $257,600 $0
2016 $3,895 $257,600 $257,600 $0
2015 $3,833 $257,600 $257,600 $0
2014 $3,761 $257,600 $257,600 $0
Source: Public Records

Agents Affiliated with this Home

  • Joanne Ferraro

    Seller's Agent in 2021

    Joanne Ferraro

    BHHS Fox & Roach

    (609) 226-4002

    21 in this area

    101 Total Sales

    Section Image
  • Jeff Silva

    Buyer's Agent in 2021

    Jeff Silva

    OCF REALTY, LLC

    (844) 765-3297

    23 in this area

    624 Total Sales

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 548006

South Jersey Shore Regional MLS

APN: 16-00710-03-00011

New Jersey Atlantic County Margate City 08402

61 Bayside Ct, Margate City, NJ

This home is located at 61 Bayside Ct, Margate City, NJ 08402 since 07 March 2021 and is currently estimated at $1,348,711. 61 Bayside Ct 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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