NOT LISTED FOR SALE

7 S Frontenac Ave Unit 1 Margate City, NJ 08402

Estimated Value: $417,000 - $522,000

2 Beds
1 Bath
-- Sq Ft
3,354 Sq Ft Lot

Last Sold November 30, 2022

Last sale price $340,000

Est. 39% increase in value since last sale

Current estimated payment $2,822/month

27 Days on Market

Highlights

  • Wood Flooring
  • Ground Level Unit
  • Building Patio
  • William H. Ross III Intermediate School Rated A-
  • Eat-In Kitchen
  • Kitchen Island

About This Home

As of November 2022

hurry!!! SELLER JUST REDUCED THIS ADORABLE 2 BEDROOM CONDO JUST STEPS FROM THE BEACH! Unbeatable location just one block from the beach in the heart of Margate's Downbeach section is this immaculate turn key 2 bedroom, 1 full bath first floor condo! Features beautiful hardwood flooring throughout and an open floor plan! Generously sized living room and kitchen with large center island, granite countertops, and stainless steel appliances. A completely renovated bathroom! Lovely PET FRIENDLY building with storage for beach chairs and bikes! Also, just steps to Starbucks, Bocca, Casels, and more. You'll never need to move your car! A must-see...CALL TODAY!

Last Agent to Sell the Property

Paula Hartman

BHHS FOX and ROACH-Margate Listed on: 09/19/2022

BHHS FOX and ROACH-Margate

Last Buyer's Agent

Paula Hartman

BHHS FOX and ROACH-Margate Listed on: 09/19/2022

BHHS FOX and ROACH-Margate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,761

Lot Details

  • 3,354

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3-Story Property
  • Ceiling Fan
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Location

  • Ground Level Unit

Utilities

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

Community Details

Pet Policy

  • Pets Allowed

Additional Features

  • Association fees include insurance, management
  • Building Patio

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,761

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Lvt Date: 09/19/2022
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Three To Five
  • Unit Location: First Floor
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Bedrooms: 2
  • Full Bathrooms: 1
  • Other Rooms: Eat In Kitchen
  • Common Area Features: Patio

Exterior Features

  • Siding Exterior: Brick

Utilities

  • Air Conditioner: Ceiling Fan(s), Central
  • Heating: Forced Air, Gas-Natural
  • Sewer: Public Sewer
  • Water: Public Water

Condo/Co-op/Association

  • HOA Includes: Insurance, Management

Rental Info

  • Pets: Yes

Multi Family

  • Unit Features: Hardwood Floors, Kitchen Center Island, Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2022
Closed on
Nov 30, 2022
Sold by
Ashmen Shawn M and Ashmen Christina L
Bought by
Brown Daniel P and Weinstein Brooke
Seller's Agent
Paula Hartman
BHHS FOX and ROACH-Margate
Buyer's Agent
Paula Hartman
BHHS FOX and ROACH-Margate
List Price
$399,000
Sold Price
$340,000
Premium/Discount to List
-$59,000
-14.79%
Views
21
Current Estimated Value
$473,141

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,141
Avg. Annual Appreciation
12.20%
Original Mortgage
$272,000
Outstanding Balance
$262,103
Interest Rate
5.88%
Mortgage Type
New Conventional
Estimated Equity
$211,038

Purchase Details

Closed on
Jun 29, 2016
Sold by
Margate Property Management Llc
Bought by
Ashmen Shawn M and Ashmen Christina L
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
Brown Daniel P $340,000 Title Company Of Jersey
Ashmen Shawn M $242,700 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brown Daniel P $272,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2022 11/30/22 Sold $340,000 -5.5% --
10/18/2022 10/18/22 Price Changed $359,900 -4.0% --
10/16/2022 10/16/22 Pending -- -- --
10/06/2022 10/06/22 Price Changed $375,000 -6.0% --
09/19/2022 09/19/22 For Sale $399,000 -- --
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 $3,761 $220,200 $66,100 $154,100
2024 $3,761 $220,200 $66,100 $154,100
2023 $3,475 $220,200 $66,100 $154,100
2022 $3,475 $220,200 $66,100 $154,100
2021 $3,426 $220,200 $66,100 $154,100
2020 $3,409 $220,200 $66,100 $154,100
2019 $3,395 $220,200 $66,100 $154,100
2018 $3,442 $220,200 $66,100 $154,100
2017 $3,446 $220,200 $66,100 $154,100
Source: Public Records

Agents Affiliated with this Home

  • Paula Hartman

    Seller's Agent in 2022

    Paula Hartman

    BHHS Fox & Roach

    (609) 487-7234

    252 in this area

    743 Total Sales

    Paula Hartman
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 567234

South Jersey Shore Regional MLS

APN: 16-00107-0000-00029-0000-C0001

New Jersey Atlantic County Margate City 08402

7 S Frontenac Ave Unit 1, Margate City, NJ

This home is located at 7 S Frontenac Ave Unit 1, Margate City, NJ 08402 since 19 September 2022 and is currently estimated at $473,141. 7 S Frontenac Ave Unit 1 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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