NOT LISTED FOR SALE

7 N Franklin Ave Margate City, NJ 08402

Estimated Value: $1,098,358 - $1,908,000

4 Beds
2.5 Baths
2,018 Sq Ft
$659/Sq Ft Est. Value

Last Sold December 30, 2016

Last sale price $429,000 $213 Per Sq Ft

Est. 210% increase in value since last sale

Current estimated payment $7,551/month

Highlights

  • Cape Cod Architecture
  • Wood Flooring
  • No HOA
  • William H. Ross III Intermediate School Rated A-
  • 2 Fireplaces
  • 4-minute walk to Ross School Playground

About This Home

As of December 2016

Very nice two-story home! Sunroom and Living Rooms have fireplaces. Full Dining Room. Central Air. Well maintained. Lots of rooms and lots of room. All this a short walk to one of the greatest beaches around!!

Last Agent to Sell the Property

Harry Mehlman

(609) 289-7379 HMehlmanJr@gmail.com Coldwell Banker Argus Real Estate Listed on: 10/20/2016

Coldwell Banker Argus Real Estate

Last Buyer's Agent

Harry Mehlman

(609) 289-7379 HMehlmanJr@gmail.com Coldwell Banker Argus Real Estate Listed on: 10/20/2016

Coldwell Banker Argus Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,047

Year Built

  • Built in 1930

Lot Details

  • 2,565 Sq Ft Lot
  • Lot Dimensions are 38x68
  • Property is zoned S-25

Home Design

  • Cape Cod Architecture
  • Vinyl Siding

Interior Spaces

  • 2,018 Sq Ft Home
  • Property has 2 Levels
  • 2 Fireplaces
  • Brick Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Wood Flooring
  • Laundry on main level

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom

Parking

  • 2 Open Parking Spaces
  • 3 Parking Spaces

Utilities

  • Central Air
  • Radiator
  • Heating System Uses Gas
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Margate Subdivision

Listing and Financial Details

  • Tax Lot 00006
  • Assessor Parcel Number 16-00207 01-00006

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,047

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cape Cod
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1930
  • Remarks Public: Very nice two-story home! Sunroom and Living Rooms have fireplaces. Full Dining Room. Central Air. Well maintained. Lots of rooms and lots of room. All this a short walk to one of the greatest beaches around!!
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring Type: Wood
  • Fireplace Features: Brick
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bedroom 1
  • Basement: No
  • Laundry Type: Main Floor
  • Living Area Units: Square Feet
  • Total Sq Ft: 2018
  • Living Area Sq Ft: 2018
  • Net Sq Ft: 2018.00
  • Price Per Sq Ft: 230.43
  • Above Grade Finished Sq Ft: 2018
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 7

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding
  • Access To Pool: No
  • Exterior Features: Sidewalks, Street Lights
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 2
  • Total Garage And Parking Spaces: 3

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District: ATLANTIC CITY SCHOOLS
  • School District Key: 300200396906

Lot Info

  • Improvement Assessed Value: 128800.00
  • Land Assessed Value: 277600.00
  • Lot Size Acres: 0.06
  • Lot Dimensions: 38X68
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2565.00
  • Property Attached Yn: No
  • Zoning: S-25

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 3408054
  • Tax Annual Amount: 6047.00
  • Assessor Parcel Number: 16-00207 01-00006
  • Tax Lot: 00006
  • Tax Year: 2016
  • Close Date: 12/30/2016

MLS Schools

  • School District Name: ATLANTIC CITY SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2016
Closed on
Dec 30, 2016
Sold by
Munizza Bruno J
Bought by
Mcnally Eugene J and Mcnally Janine D
Seller's Agent
Harry Mehlman
Coldwell Banker Argus Real Estate
Buyer's Agent
Harry Mehlman
Coldwell Banker Argus Real Estate
List Price
$465,000
Sold Price
$429,000
Premium/Discount to List
-$36,000
-7.74%
Current Estimated Value
$1,329,590

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$900,590
Avg. Annual Appreciation
13.77%
Original Mortgage
$343,200
Outstanding Balance
$282,099
Interest Rate
4.03%
Mortgage Type
New Conventional
Estimated Equity
$1,047,491

Purchase Details

Closed on
Sep 12, 2003
Sold by
Gurelia Rosemary
Bought by
Munizza Bruno

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.29%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Mcnally Eugene J $429,000 Fidelity National Title Ins
Munizza Bruno $253,000 --
Munizza Bruno J $253,000 The Title Company Of Jersey
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcnally Eugene J $343,200
Previous Owner Munizza Bruno J $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/30/2016 12/30/16 Sold $429,000 -7.7% $213 / Sq Ft
12/23/2016 12/23/16 Pending -- -- --
10/20/2016 10/20/16 For Sale $465,000 -- $230 / Sq Ft
Source: Bright 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 $6,941 $406,400 $277,600 $128,800
2024 $6,941 $406,400 $277,600 $128,800
2023 $6,413 $406,400 $277,600 $128,800
2022 $6,413 $406,400 $277,600 $128,800
2021 $6,324 $406,400 $277,600 $128,800
2020 $6,291 $406,400 $277,600 $128,800
2019 $6,267 $406,400 $277,600 $128,800
2018 $6,352 $406,400 $277,600 $128,800
2017 $6,360 $406,400 $277,600 $128,800
2016 $6,145 $406,400 $277,600 $128,800
2015 $6,047 $406,400 $277,600 $128,800
2014 $5,933 $406,400 $277,600 $128,800
Source: Public Records

Agents Affiliated with this Home

  • Harry Mehlman

    Seller's Agent in 2016

    Harry Mehlman

    Coldwell Banker Argus Real Estate

    (609) 289-7379

    11 Total Sales

    Harry Mehlman
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Map

Source: Bright MLS

MLS Number: 1003944501

Bright MLS

APN: 16-00207-01-00006

New Jersey Atlantic County Margate City 08402

7 N Franklin Ave, Margate City, NJ

This home is located at 7 N Franklin Ave, Margate City, NJ 08402 since 20 October 2016 and is currently estimated at $1,329,590, approximately $658 per square foot. This property was built in 1930. 7 N Franklin 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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