NOT LISTED FOR SALE

7 S Franklin Ave Unit 8 Margate City, NJ 08402

Estimated Value: $564,108 - $646,000

2 Beds
1 Bath
-- Sq Ft
10,237 Sq Ft Lot

Last Sold March 07, 2024

Last sale price $495,000

Est. 25% increase in value since last sale

Current estimated payment $3,612/month

17 Days on Market

Highlights

  • Deck
  • End Unit
  • Laundry Facilities
  • William H. Ross III Intermediate School Rated A-
  • Forced Air Heating and Cooling System

About This Home

As of March 2024

Discover the allure of this exquisite fully furnished 2 bed/1 bath Condo located in the charming southside of Margate, only 1.5 blocks to the sun-kissed beach and just steps to Margate's restaurants and shops. The spacious living room seamlessly connects to a well-appointed kitchen featuring a convenient breakfast bar. With ample closets and storage, organization becomes effortless. The package is complete with an assigned parking spot, a shared laundry room, and a shed to hold your bikes and beach accessories. Owners, bring your fur babies too! Tenant occupied. No showings until FEB 16th AFTER 2:00PM. OPEN HOUSE SATURDAY 2/17 3:00-5:00 PM AND SUNDAY 2/18 11:00AM-1:00PM

Last Agent to Sell the Property

Alison Snyder

GARDEN STATE PROPERTIES GROUP Listed on: 02/02/2024

Last Buyer's Agent

Ellen McGonigle

BHHS FOX and ROACH-Simpson OC

BHHS FOX and ROACH-Simpson OC

Property Details

Home Type

  • Condominium

Lot Details

  • 10,237

Parking

  • 1 Parking Space

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Blinds

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Additional Features

  • Deck
  • End Unit

Community Details

Amenities

  • Laundry Facilities

Pet Policy

  • Pets Allowed with Restrictions

Property Details

Home Type

Condominium

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Also Includes: Blinds
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Two
  • Unit Location: End Unit, Second Floor
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Bedrooms: 2
  • Full Bathrooms: 1
  • Common Area Features: Deck/Porch, Laundromat On Site

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

  • Parking Exterior: One Car

Utilities

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

Condo/Co-op/Association

  • Management: On-Site Professionals

Rental Info

  • Pets: Yes W/Restrictions

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2024
Closed on
Mar 13, 2024
Sold by
Snyder Alison
Bought by
Massaro Donna
Seller's Agent
Alison Snyder
GARDEN STATE PROPERTIES GROUP
Buyer's Agent
Ellen McGonigle
BHHS FOX and ROACH-Simpson OC
List Price
$495,000
Sold Price
$495,000
Views
68
Current Estimated Value
$616,277

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$121,277
Avg. Annual Appreciation
13.34%

Purchase Details

Closed on
Mar 11, 2022
Sold by
Jacob Daniel E
Bought by
Snyder Alison

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,000
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 22, 2017
Sold by
Lamarque Edward E and Lamarque Jennie
Bought by
Jacob Danie Le

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
4.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 28, 2003
Sold by
Mggg Llc
Bought by
Lamarque Edward and Lamarque Jeannie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,200
Interest Rate
6.35%
Mortgage Type
Purchase Money Mortgage
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
Massaro Donna $495,000 Trident Land Transfer
Snyder Alison $360,000 Surety Title
Jacob Danie Le $230,000 Surety Title
Lamarque Edward $249,000 --
Lamarque Edward E $249,000 The Title Company Of Jersey
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Snyder Alison $324,000
Previous Owner Jacob Danie Le $184,000
Previous Owner Lamarque Edward E $199,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/07/2024 03/07/24 Sold $495,000 0.0% --
02/19/2024 02/19/24 Pending -- -- --
02/02/2024 02/02/24 For Sale $495,000 -- --
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 $4,439 $259,900 $156,000 $103,900
2024 $4,439 $259,900 $156,000 $103,900
2023 $4,101 $259,900 $156,000 $103,900
2022 $4,101 $259,900 $156,000 $103,900
2021 $4,044 $259,900 $156,000 $103,900
2020 $4,023 $259,900 $156,000 $103,900
2019 $4,575 $296,700 $156,000 $140,700
2018 $4,637 $296,700 $156,000 $140,700
2017 $4,643 $296,700 $156,000 $140,700
2016 $4,486 $296,700 $156,000 $140,700
2015 $4,415 $296,700 $156,000 $140,700
2014 $4,332 $296,700 $156,000 $140,700
Source: Public Records

Agents Affiliated with this Home

  • Alison Snyder

    Seller's Agent in 2024

    Alison Snyder

    GARDEN STATE PROPERTIES GROUP

    (856) 904-1151

    1 in this area

    5 Total Sales

    Alison Snyder
    Section Image
  • Ellen McGonigle

    Buyer's Agent in 2024

    Ellen McGonigle

    BHHS Fox & Roach

    (609) 602-7507

    4 in this area

    118 Total Sales

    Ellen McGonigle
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 581799

South Jersey Shore Regional MLS

APN: 16-00106-0000-00031-0000-C0008

New Jersey Atlantic County Margate City 08402

7 S Franklin Ave Unit 8, Margate City, NJ

Not Listed for Sale

Condos

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