NOT LISTED FOR SALE

7 N Hanover Ave Margate City, NJ 08402

Estimated Value: $1,118,000 - $1,344,000

4 Beds
2.5 Baths
-- Sq Ft
2,701 Sq Ft Lot

Last Sold September 02, 2019

Last sale price $440,000

Est. 177% increase in value since last sale

Current estimated payment $6,956/month

68 Days on Market

Highlights

  • Spa
  • Deck
  • Enclosed Patio or Porch
  • William H. Ross III Intermediate School Rated A-
  • Fireplace
  • 4-minute walk to Ross School Playground

About This Home

As of September 2019

This Margate beach cottage is larger than meets the eye and brims with charm. The house is just over two blocks from the beach and is named for Neptune, the God of the Sea, who presides over the front door. Enter into a center hall with a clear view through to the rear of the house. To the right, the living room enchants with a wood-burning fireplace surrounded by built-ins. The formal dining room is to the left of the main entrance and features wainscoting alongside an attractive built-in hutch. The eat-in kitchen at the rear of the house features a lovely bay window that overlooks the pavered backyard. A windowed powder room completes the first floor. Upstairs, four cozy bedrooms share two full bathrooms. The property’s over-sized backyard and front porch extend the home’s living space beyond its four walls. The canopied front porch is a perfect place to enjoy a cup of coffee, while the low-maintenance backyard with a hot tub is an ideal place to unwind after a day at the beach. The property also comes with a driveway and a keyed shed that provides easy storage for bikes, beach chairs, and all else that enlivens summer at the shore. A beautiful residential street located just off the central business area of Margate, it’s just steps to Casel's, Starbucks, Dino's, Paper Chase, Bocca, and so much more!

Last Agent to Sell the Property

Rene Kane

BHHS FOX and ROACH-Margate Listed on: 05/17/2019

BHHS FOX and ROACH-Margate

Last Buyer's Agent

Ricardo Yumiseba

Soleil Sotheby's International Realty - A

Soleil Sotheby's International Realty - A

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,878

Lot Details

  • Lot Dimensions are 40 x 67.5
  • Fenced
  • Sprinkler System

Parking

  • 2 Parking Spaces

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Fireplace
  • Dining Room
  • Crawl Space
  • Storm Screens

Kitchen

  • Self-Cleaning Oven
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Pool

  • Spa
  • Outdoor Shower

Outdoor Features

  • Deck
  • Enclosed Patio or Porch

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Natural Gas
  • Gas Water Heater

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,878

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 2 Story
  • Age: 25+ Years
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Dryer, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Built-In
  • Flooring: Tile, W/W Carpet
  • Bedrooms: 4
  • Bedroom 1: On Level: Upper
  • Bedroom 2: On Level: Upper
  • Bedroom 3: On Level: Upper
  • Bedroom 4: On Level: Upper
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Bathroom 1 Level: Upper
  • Bathroom 2 Level: Upper
  • Basement: Crawl Space
  • Kitchen: On Level: Lower
  • Living Room: On Level: Lower
  • Powder Room Level: Main
  • Other Rooms: Dining Room

Exterior Features

  • Outside Features: Deck, Fenced Yard, Outside Shower, Porch Enclosed, Sprinkler System, Whirlpool/Spa
  • Storm Screens: Screens

Garage/Parking

  • Parking Exterior: Two Car

Utilities

  • Air Conditioner: Ceiling Fan(s), Wall Units
  • Heating: Gas-Natural
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas

Lot Info

  • Lot Dimensions: 40 x 67.5
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 17, 2019
Sold by
Ostroff Weinberg Rochelle
Bought by
Lukoff Richard and Lukoff Shelly
Current Estimated Value
$1,219,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Outstanding Balance
$255,677
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$963,823

Purchase Details

Closed on
Sep 21, 1999
Sold by
Polish Marc and Polish Barbara
Bought by
Weinberg Robert J and Ostroff Weinberg Rochelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
7.87%
Source: Public Records

Range of Values:

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Average Value
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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
Lukoff Richard $440,000 Surety Title Company Llc
Weinberg Robert J $240,000 The Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lukoff Richard $290,000
Previous Owner Weinberg Robert J $192,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/02/2019 09/02/19 Sold $440,000 -2.2% --
07/24/2019 07/24/19 Pending -- -- --
06/30/2019 06/30/19 Price Changed $450,000 -14.6% --
05/17/2019 05/17/19 For Sale $527,000 -- --
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 $6,878 $402,700 $292,200 $110,500
2024 $6,878 $402,700 $292,200 $110,500
2023 $6,355 $402,700 $292,200 $110,500
2022 $6,355 $402,700 $292,200 $110,500
2021 $6,266 $402,700 $292,200 $110,500
2020 $6,234 $402,700 $292,200 $110,500
2019 $6,210 $402,700 $292,200 $110,500
2018 $6,294 $402,700 $292,200 $110,500
2017 $6,302 $402,700 $292,200 $110,500
2016 $6,089 $402,700 $292,200 $110,500
2015 $5,992 $402,700 $292,200 $110,500
2014 $5,879 $402,700 $292,200 $110,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 522421

South Jersey Shore Regional MLS

APN: 16-00210-01-00013