NOT LISTED FOR SALE

7 S Franklin Ave Unit 1 Margate City, NJ 08402

Estimated Value: $493,750 - $662,000

2 Beds
1 Bath
-- Sq Ft
13.05 Acres

Last Sold May 15, 2015

Last sale price $275,000

Est. 115% increase in value since last sale

Current estimated payment $3,499/month

194 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Ground Level Unit
  • William H. Ross III Intermediate School Rated A-
  • End Unit
  • Eat-In Kitchen

About This Home

As of May 2015

Upscale 2 bedroom unit, 1.5 blocks to beach.. Chef's kitchen with granite counter-tops, stainless appliances, immaculate cabinets. This unit has to be seen, there are also hardwood floors, and beautifully tiled baths. PS....pets ok...very easy to show!

Last Agent to Sell the Property

Neil Cohen

LPT Realty Listed on: 09/16/2014

LPT Realty

Last Buyer's Agent

Toni Jacovini

MARKETPLACE REALTY

Property Details

Home Type

  • Condominium

Lot Details

  • 13.05

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

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

Additional Features

  • Deck
  • End Unit
  • Ground Level Unit

Community Details

Overview

  • Association fees include insurance, sewer, trash, water

Amenities

  • Laundry Facilities
  • Community Storage Space

Recreation

  • Community Boardwalk

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Converted Apartments
  • Age: 25+ Years
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Two
  • Unit Location: End Unit, First Floor
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Disposal, Dishwasher, Gas Stove, Microwave, Refrigerator
  • Bedrooms: 2
  • Full Bathrooms: 1
  • Other Rooms: Eat In Kitchen
  • Common Area Features: Deck/Porch, Laundromat On Site, Storage Facility

Exterior Features

  • Siding Exterior: Vinyl

Utilities

  • Air Conditioner: Central
  • Heating: Baseboard, Gas-Natural
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater: Gas

Condo/Co-op/Association

  • HOA Includes: Insurance, Sewer, Trash, Water
  • Management: Association

Lot Info

  • Location: Boardwalk Area

Rental Info

  • Pets: Yes

Multi Family

  • Unit Features: Hardwood Floors, Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2014
Closed on
May 15, 2015
Sold by
Lamarque Edward and Lamarque Jeannie
Bought by
Jacovini Gregory M and Jacovini Claire E
Seller's Agent
Neil Cohen
LPT Realty
Buyer's Agent
Toni Jacovini
MARKETPLACE REALTY
List Price
$275,000
Sold Price
$275,000
Current Estimated Value
$590,938

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$315,938
Avg. Annual Appreciation
7.51%
Original Mortgage
$247,500
Outstanding Balance
$190,527
Interest Rate
3.66%
Mortgage Type
New Conventional
Estimated Equity
$400,411
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Jacovini Gregory M $275,000 Surety Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jacovini Gregory M $247,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/15/2015 05/15/15 Sold $275,000 0.0% --
03/29/2015 03/29/15 Pending -- -- --
09/16/2014 09/16/14 For Sale $275,000 -- --
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 $4,683 $274,200 $130,000 $144,200
2024 $4,683 $274,200 $130,000 $144,200
2023 $4,327 $274,200 $130,000 $144,200
2022 $4,327 $274,200 $130,000 $144,200
2021 $4,267 $274,200 $130,000 $144,200
2020 $4,245 $274,200 $130,000 $144,200
2019 $4,228 $274,200 $130,000 $144,200
2018 $4,286 $274,200 $130,000 $144,200
2017 $4,291 $274,200 $130,000 $144,200
2016 $4,146 $274,200 $130,000 $144,200
2015 $4,080 $274,200 $130,000 $144,200
2014 $4,003 $274,200 $130,000 $144,200
Source: Public Records

Agents Affiliated with this Home

  • Neil Cohen

    Seller's Agent in 2015

    Neil Cohen

    LPT Realty

    (609) 402-1359

    15 in this area

    58 Total Sales

    Neil Cohen
    Section Image
  • Toni Jacovini

    Buyer's Agent in 2015

    Toni Jacovini

    MARKETPLACE REALTY

    (609) 823-8500

    7 in this area

    13 Total Sales

    Toni Jacovini
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 435956

South Jersey Shore Regional MLS

APN: 16-00106-0000-00031-0000-C0001

New Jersey Atlantic County Margate City 08402

7 S Franklin Ave Unit 1, Margate City, NJ

Not Listed for Sale

Condos

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