$3,575,000
SOLD OCT 18, 2024

7 S Cedar Grove Ave Margate City, NJ 08402

4 Beds
4.5 Baths
-- Sq Ft
4,356 Sq Ft Lot

Recently Sold

11% Below List Price

36 Days on Market

Highlights

  • In Ground Pool
  • Deck
  • Wood Flooring
  • William H. Ross III Intermediate School Rated A-
  • Recreation Room
  • Great Room

About This Home

As of October 2024

Just one block from the beach, this home epitomizes coastal elegance and contemporary comfort. Boasting a blend of impeccable design and sought-after amenities, this residence offers a lifestyle of leisure and sophistication. The outdoor oasis is your private retreat featuring an in-ground gunite pool, perfect for refreshing swims on warm days. The outdoor kitchen, equipped with a grill, beverage drawers and ample counter space, makes summer BBQs and alfresco dining an easy task. There is plenty of room to lounge around the pool and entertain family and friends. Immerse yourself in luxury within the professionally designed interiors, where every detail reflects meticulous craftsmanship and exudes quality. From the elegantly appointed living spaces, each room has a perfect balance of style and functionality. The gourmet kitchen is a culinary masterpiece, featuring Sub Zero and Wolf appliances, sleek countertops, and custom cabinetry. Whether preparing casual meals or hosting lavish gatherings, this kitchen is designed to meet every culinary need. A separate butler's pantry holds your wine fridge, bar necessities and counter top appliances making best use of the space. Seamlessly integrated Control 4 smart home technology enhances your living experience, offering intuitive control over lighting, climate, security systems, and entertainment, all from the palm of your hand. A half bathroom, mud room and a second set of laundry units finish off the main living level. Retreat to the spacious primary bedroom, offering a spa-like sanctuary with a luxurious ensuite bathroom featuring dual sinks in the custom vanity and an oversized shower. Two generously sized junior suites, both with beautifully appointed bathrooms, allow for comfort and privacy for family and guests. A large laundry room completes the second level. The third floor includes another junior suite with a private full bathroom and large loft space. Flexibility meets convenience with this versatile loft that can serve as a cozy space, home office, or easily be converted to a fifth bedroom. Ideally situated in walking distance to our local hot spot restaurants, shopping, family activities and more this home provides effortless access to the vibrant coastal lifestyle Margtae offers while maintaining a sense of serene retreat.

Last Agent to Sell the Property

Linda Novelli

Compass Real Estate-Margate License #9701812 Listed on: 07/21/2024

Compass Real Estate-Margate

Co-Listed By

Vincent Novelli

Compass Real Estate-Margate License #1222945

Compass Real Estate-Margate

Last Buyer's Agent

Vincent Novelli

Compass Real Estate-Margate License #1222945

Compass Real Estate-Margate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $25,929

Year Built

  • Built in 2019

Lot Details

  • Lot Dimensions are 35x125
  • Fenced
  • Sprinkler System

Parking

  • 3 Parking Spaces

Interior Spaces

  • 3-Story Property
  • Bar
  • Ceiling Fan
  • Family Room with Fireplace
  • Great Room
  • Dining Area
  • Recreation Room
  • Loft
  • Storage
  • Crawl Space

Kitchen

  • Self-Cleaning Oven
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Burglar Security System
  • Storm Screens
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Pool

  • In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Deck
  • Shed
  • Porch

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Cooling System Powered By Gas
  • Heating System Uses Natural Gas
  • Tankless Water Heater

Home Details

Home Type

Single Family

Est. Annual Taxes

$25,929

Year Built

Built in 2019

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 3 Story
  • Lvt Date: 07/21/2024
  • Year Built: 2019
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Appliances: Burglar Alarm, Disposal, Dishwasher, Dryer, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Built-In, Family Room
  • Flooring: Hardwood, Tile
  • Interior Amenities: Bar, Carbon Monoxide Detector, Kitchen Center Island, Security System, Storage, Smoke/Fire Alarm, Walk In Closet
  • Bedrooms: 4
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Basement: Crawl Space
  • Other Rooms: Dining Area, Great Room, Laundry/Utility Room, Loft, Pantry, Recreation/Family

Exterior Features

  • Outside Features: Curbs, Deck, Fenced Yard, Outside Shower, Paved Road, Pool-In Ground, Porch, Shed, Sprinkler System
  • Siding Exterior: Fiber Cement Board Siding
  • Storm Screens: Combination

Garage/Parking

  • Driveway: Concrete
  • Parking Exterior: Three Or More Cars

Utilities

  • Air Conditioner: Ceiling Fan(s), Central, Gas, Multi-Zoned
  • Heating: Gas-Natural, Multi-Zoned
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Tankless-Gas

Lot Info

  • Lot Dimensions: 35X125
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2024
Closed on
Oct 9, 2024
Sold by
Evar Yuval and Evar Jamie Lynn
Bought by
Stephanie B Coe Revocable Trust and Coe
Seller's Agent
Linda Novelli
Compass Real Estate-Margate
Buyer's Agent
Vincent Novelli
Compass Real Estate-Margate
List Price
$4,000,000
Sold Price
$3,575,000
Premium/Discount to List
-$425,000
-10.62%
Views
31
Current Estimated Value
$3,457,506

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$117,494
Avg. Annual Appreciation
-5.07%
Original Mortgage
$2,320,000
Outstanding Balance
$2,302,312
Interest Rate
4.75%
Mortgage Type
New Conventional
Estimated Equity
$1,125,110

Purchase Details

Listed on
May 30, 2017
Closed on
Feb 14, 2019
Sold by
7 S Cedar Grove Llc
Bought by
Evar Yuval and Evar Jamie Lynn
Seller's Agent
Carol Shaw
BHHS FOX and ROACH-Margate
Buyer's Agent
Arianne Green
Soleil Sotheby's International Realty - A
List Price
$1,584,000
Sold Price
$1,525,000
Premium/Discount to List
-$59,000
-3.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.18%

Purchase Details

Listed on
May 12, 2017
Closed on
May 15, 2017
Sold by
Checchia Lewis and Checchia Theresa
Bought by
7S Cedar Grove Llc
Seller's Agent
Carol Shaw
BHHS FOX and ROACH-Margate
Buyer's Agent
Dana Hartman
BHHS FOX and ROACH-Margate II

Purchase Details

Closed on
Nov 25, 2005
Sold by
Green Barry
Bought by
Checchia Lewis and Checchia Theresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
6.33%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 22, 1993
Sold by
Hay Laura C and Hay Guerra,Marie E
Bought by
Green Barry and Green Marlene
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $3,275,000 American Title Abstract
Deed $3,275,000 American Title Abstract
Deed $750,000 United Land Title Agency
Deed $685,000 Old Republic Natl Title Ins
Deed $835,000 --
Deed $145,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,320,000 New Conventional
Closed $2,320,000 New Conventional
Previous Owner $800,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $562,500 No Value Available
Previous Owner $100,000 No Value Available
Previous Owner $525,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2024 10/18/24 Sold $3,575,000 -10.6% --
08/26/2024 08/26/24 Pending -- -- --
07/21/2024 07/21/24 For Sale $4,000,000 +162.3% --
02/14/2019 02/14/19 Sold $1,525,000 -12.8% --
10/04/2018 10/04/18 Pending -- -- --
04/16/2018 04/16/18 Price Changed $1,748,000 +10.4% --
05/30/2017 05/30/17 For Sale $1,584,000 0.0% --
05/12/2017 05/12/17 Rented -- -- --
05/12/2017 05/12/17 For Rent -- -- --
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 $25,929 $1,518,100 $443,500 $1,074,600
2023 $23,956 $1,518,100 $443,500 $1,074,600
2022 $23,956 $1,518,100 $443,500 $1,074,600
2021 $23,622 $1,518,100 $443,500 $1,074,600
2020 $23,500 $1,518,100 $443,500 $1,074,600
2019 $9,159 $594,000 $443,500 $150,500
2018 $6,932 $443,500 $443,500 $0
2017 $8,664 $553,600 $443,500 $110,100
2016 $8,370 $553,600 $443,500 $110,100
2015 $8,238 $553,600 $443,500 $110,100
2014 $8,083 $553,600 $443,500 $110,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 587285

South Jersey Shore Regional MLS

APN: 16-00123-0000-00245