NOT LISTED FOR SALE

7 S Sumner Ave Margate City, NJ 08402

Estimated Value: $2,793,000 - $4,078,000

5 Beds
4.5 Baths
2,108 Sq Ft
$1,639/Sq Ft Est. Value

Last Sold June 10, 2020

Last sale price $1,812,500 $860 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $20,679/month

47 Days on Market

Highlights

  • Water Views
  • New Construction
  • Deck
  • William H. Ross III Intermediate School Rated A-
  • Spa
  • Wood Flooring

About This Home

As of June 2020

OCEAN VIEW!! Gorgeous New Construction! Located in the heart of the Parkway South, let the expansive front porch welcome your guests to this beautiful 5 bedroom, 4.5 bath gem! Boasting an open floor plan, the first floor has a large living area, a beautiful eat-in kitchen with custom cabinetry and center island, a dining area, powder room and bonus den or office. The second floor brings you to peace and tranquility with the master bedroom suite which provides an ample walk-in closet, huge bathroom and private deck. Two additional bedrooms with en-suite full baths, and laundry complete your second level. At the top of this beautiful OASIS custom home, you’ll find two additional bedrooms and bath, with room enough for everyone! A garage completes the property with optional spa available. HOUSE IS READY AND FULLY FURNISHED.

Last Agent to Sell the Property

Alfi Naim

OASIS REALTY Listed on: 03/24/2020

Co-Listed By

Jeffrey Kaliner

OASIS REALTY

Last Buyer's Agent

Angel DiPentino

LONG and FOSTER REAL ESTATE INC-Longport

LONG and FOSTER REAL ESTATE INC-Longport

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $28,320

Year Built

  • Built in 2019 | New Construction

Lot Details

  • 3,746

Parking

  • 1 Car Detached Garage

Interior Spaces

  • 3-Story Property
  • Bar
  • Gas Log Fireplace
  • Den
  • Storage
  • Water Views
  • Burglar Security System

Kitchen

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

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer

Pool

  • Spa
  • Outdoor Shower

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Additional Features

  • Deck
  • Lot Dimensions are 47x80

Home Details

Home Type

Single Family

Est. Annual Taxes

$28,320

Year Built

Built in 2019 | New Construction

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 3 Story
  • Lvt Date: 03/24/2020
  • New Construction: Yes
  • Year Built: 2019
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Appliances: Burglar Alarm, Disposal, Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven
  • Fireplace: Built-In, Gas Log
  • Flooring: Hardwood, Tile
  • Interior Amenities: Bar, Kitchen Center Island, Security System, Storage, Walk In Closet
  • Bedrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Other Rooms: Den/Tv Room, Laundry/Utility Room

Exterior Features

  • Outside Features: Deck, Outside Shower, Whirlpool/Spa

Garage/Parking

  • Garage: One Car, Detached Garage
  • Parking Exterior: Three Or More Cars

Utilities

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

Lot Info

  • Location: Water View
  • Lot Dimensions: 47x80
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2020
Closed on
Jun 8, 2020
Sold by
7 S Summer Llc
Bought by
Fridy Ross A and Fridy Risa L
Seller's Agent
Alfi Naim
OASIS REALTY
Buyer's Agent
Angel DiPentino
LONG and FOSTER REAL ESTATE INC-Longport
List Price
$1,925,000
Sold Price
$1,812,500
Premium/Discount to List
-$112,500
-5.84%
Current Estimated Value
$3,455,235

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,642,735
Avg. Annual Appreciation
12.79%
Original Mortgage
$1,450,000
Outstanding Balance
$1,285,314
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$2,169,921

Purchase Details

Closed on
Jul 19, 2017
Sold by
Olive E Albert Llc
Bought by
7 S Summer Llc

Purchase Details

Closed on
Sep 11, 2004
Sold by
Alibert Olive
Bought by
The Olive Alibert Llc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Fridy Ross A $1,812,500 Infinity Title Agency
7 S Summer Llc $730,000 None Available
The Olive Alibert Llc -- --
The Olive Alibert Llc -- --
The Olive Alibert Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fridy Ross A $1,450,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/10/2020 06/10/20 Sold $1,812,500 -5.8% $860 / Sq Ft
05/10/2020 05/10/20 Pending -- -- --
03/24/2020 03/24/20 For Sale $1,925,000 -- $913 / Sq Ft
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 $28,320 $1,658,100 $525,800 $1,132,300
2024 $28,320 $1,658,100 $525,800 $1,132,300
2023 $26,165 $1,658,100 $525,800 $1,132,300
2022 $26,165 $1,658,100 $525,800 $1,132,300
2021 $25,800 $1,658,100 $525,800 $1,132,300
2020 $11,559 $746,700 $525,800 $220,900
2019 $8,108 $525,800 $525,800 $0
2018 $11,649 $745,300 $525,800 $219,500
2017 $11,664 $745,300 $525,800 $219,500
2016 $11,269 $745,300 $525,800 $219,500
2015 $11,090 $745,300 $525,800 $219,500
2014 $10,881 $745,300 $525,800 $219,500
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2020

    Alfi Naim

    OASIS REALTY

    (914) 426-7506

    9 in this area

    14 Total Sales

    Alfi Naim
    Section Image
  • Jeffrey Kaliner

    Seller Co-Listing Agent in 2020

    Jeffrey Kaliner

    OASIS REALTY

    (484) 571-9521

    5 in this area

    6 Total Sales

    Jeffrey Kaliner
    Section Image
  • Angel DiPentino

    Buyer's Agent in 2020

    Angel DiPentino

    LONG and FOSTER REAL ESTATE INC-Longport

    (609) 457-0777

    11 in this area

    82 Total Sales

    Angel DiPentino
    Section Image
See All Agents

Map

Source: South Jersey Shore Regional MLS

MLS Number: 535625

South Jersey Shore Regional MLS

APN: 16-00119-0000-00005

New Jersey Atlantic County Margate City 08402

7 S Sumner Ave, Margate City, NJ

This home is located at 7 S Sumner Ave, Margate City, NJ 08402 since 24 March 2020 and is currently estimated at $3,455,235, approximately $1,639 per square foot. This property was built in 2019. 7 S Sumner Ave 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

South Jersey Shore Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
© 2025 South Jersey Shore Regional Multiple Listing Service. All rights reserved.

Nearby Homes