Seller's Agent in 2021
Angela Desch
Coldwell Banker Argus Real Estate
(609) 457-0410
42 in this area
149 Total Sales
7 N Essex Ave Margate City, NJ 08402
Estimated Value: $1,228,941 - $1,791,000
4
Beds
2
Baths
1,600
Sq Ft
$879/Sq Ft
Est. Value
Highlights
- Water Oriented
- Cape Cod Architecture
- No HOA
- William H. Ross III Intermediate School Rated A-
- Wood Flooring
- 1 Car Detached Garage
About This Home
As of May 2021New Price reduction. A beautiful, meticulously upgraded and maintained summer or year-round four-bedroom/two-bath home. This home has two bedrooms and a full bath on each floor as well as a spacious living room/dining room layout, kitchen island and and laundry room/pantry. Only 2.5 blocks from the beach and 5 blocks to the Ventnor boardwalk. Close to the restaurants, Starbucks, Casels, boutiques and more. Walk to everything including the playground and library. This home has been extensively renovated within the past 10 years and is move-in ready for you to start enjoying and making memories. Relax on the shaded front porch and the child and pet-friendly fenced-in back yard. Hardwood and tile floors throughout. More amenities include central heat and air with 2 zones, detached garage with parking for a large family of up to 4 cars, monitored alarm system, outdoor shower, in-ground sprinklers and more. Flood insurance is only $880 a yr. Newer custom awnings not pictured. No underground oil tank documents are on file. Discolsure on file. A fantastic house.
Last Agent to Sell the Property
(609) 457-0410 adesch5@msn.com Coldwell Banker Argus Real Estate License #226655 Listed on: 03/01/2021
Last Buyer's Agent
datacorrect@brightmls.com Non Subscribing Office License #0225194075
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,604
Year Built
- Built in 1947 | Remodeled in 2013
Lot Details
- 3,360 Sq Ft Lot
- Lot Dimensions are 48.00 x 70.00
- South Facing Home
- Sprinkler System
- Back and Front Yard
- Property is in excellent condition
- Property is zoned S-25
Parking
- 1 Car Detached Garage
- 2 Driveway Spaces
- Parking Storage or Cabinetry
Home Design
- Cape Cod Architecture
- Frame Construction
- Shingle Roof
Interior Spaces
- 1,600 Sq Ft Home
- Property has 2 Levels
- Ceiling Fan
- Dining Area
- Crawl Space
Kitchen
- Built-In Microwave
- Dishwasher
- Kitchen Island
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 4 Main Level Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry on main level
- Gas Dryer
- Washer
Home Security
- Exterior Cameras
- Monitored
- Storm Doors
Outdoor Features
- Outdoor Shower
- Water Oriented
- Property is near an ocean
- Porch
Location
- Flood Risk
Schools
- William H Ross Iii Int Sc Elementary School
- Eugene A Tighe Middle School
Utilities
- Zoned Heating and Cooling
- Natural Gas Water Heater
- Phone Available
- Cable TV Available
Community Details
- No Home Owners Association
- Margate City Subdivision
Listing and Financial Details
- Tax Lot 00018
- Assessor Parcel Number 16-00205 02-00018
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 1, 2021
Closed on
May 17, 2021
Sold by
Palamara Bart and Palamara June
Bought by
Deringer Ellen J
Seller's Agent
Angela Desch
Coldwell Banker Argus Real Estate
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$849,900
Sold Price
$800,000
Premium/Discount to List
-$49,900
-5.87%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$606,235
Avg. Annual Appreciation
13.17%
Original Mortgage
$548,250
Outstanding Balance
$407,969
Interest Rate
2.2%
Mortgage Type
New Conventional
Estimated Equity
$998,266
Purchase Details
Closed on
Apr 29, 2010
Sold by
Duke Street Kings Llc
Bought by
Palamara Bart and Palamara June
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
Interest Rate
5.11%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 1, 2008
Sold by
Secured Self Storage At Hamilton Llc
Bought by
Isdaner Kenneth C and Isdaner Beth L
Purchase Details
Closed on
Nov 17, 2005
Sold by
Auerbach Allen
Bought by
Secured Self Storage At Hamilt
Purchase Details
Closed on
May 20, 2005
Sold by
Rovner Neil J and Rovner Nina
Bought by
Auerbach Allen and Masel Auerbach Theresa
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Deringer Ellen J | $800,000 | Surety Title Company | |
| Palamara Bart | $553,500 | Foundation Title Llc | |
| Duke Street Kings Llc | -- | Foundation Title Llc | |
| Isdaner Kenneth C | -- | None Available | |
| Secured Self Storage At Hamilt | $649,000 | -- | |
| Auerbach Allen | $525,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Deringer Ellen J | $548,250 | |
| Previous Owner | Palamara Bart | $417,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/17/2021 05/17/21 | Sold | $800,000 | 0.0% | $500 / Sq Ft | |
| 05/17/2021 05/17/21 | Sold | $800,000 | -3.5% | $525 / Sq Ft | View Prior Sale |
| 04/19/2021 04/19/21 | Pending | -- | -- | -- | |
| 04/16/2021 04/16/21 | Pending | -- | -- | -- | |
| 04/14/2021 04/14/21 | Price Changed | $829,000 | 0.0% | $544 / Sq Ft | |
| 04/14/2021 04/14/21 | Price Changed | $829,000 | -2.5% | $518 / Sq Ft | |
| 03/01/2021 03/01/21 | For Sale | $849,900 | 0.0% | $531 / Sq Ft | |
| 02/10/2021 02/10/21 | For Sale | $849,900 | -- | $558 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $7,286 | $426,600 | $323,600 | $103,000 |
| 2024 | $7,286 | $426,600 | $323,600 | $103,000 |
| 2023 | $6,732 | $426,600 | $323,600 | $103,000 |
| 2022 | $6,732 | $426,600 | $323,600 | $103,000 |
| 2021 | $6,638 | $426,600 | $323,600 | $103,000 |
| 2020 | $6,604 | $426,600 | $323,600 | $103,000 |
| 2019 | $6,578 | $426,600 | $323,600 | $103,000 |
| 2018 | $6,668 | $426,600 | $323,600 | $103,000 |
| 2017 | $6,676 | $426,600 | $323,600 | $103,000 |
| 2016 | $6,450 | $426,600 | $323,600 | $103,000 |
| 2015 | $6,348 | $426,600 | $323,600 | $103,000 |
| 2014 | $6,228 | $426,600 | $323,600 | $103,000 |
Source: Public Records
Agents Affiliated with this Home
-
Angela Desch
-
datacorrect BrightMLS
d
Buyer's Agent in 2021
datacorrect BrightMLS
Non Subscribing Office
-
Steven O'leary
Buyer's Agent in 2021
Steven O'leary
MARKETPLACE REALTY
(609) 412-7928
1 in this area
12 Total Sales
Map
Source: Bright MLS
MLS Number: NJAC116540
APN: 16-00205-02-00018
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