NOT LISTED FOR SALE

7405 Atlantic Ave Margate City, NJ 08402

Estimated Value: $2,037,000 - $4,663,000

6 Beds
5.5 Baths
-- Sq Ft
5,314 Sq Ft Lot

Last Sold December 13, 2013

Last sale price $1,941,000

Est. 78% increase in value since last sale

Current estimated payment $21,297/month

180 Days on Market

About This Home

As of December 2013

Have John Irons of Irons Custom Homes build your dream home on this double lot. Room for a large home, pool, 2 car garage and still have plenty of outdoor space. Spectacular ocean views from this great Atlantic Ave corner location.

Last Buyer's Agent

Ashley Franchini

Soleil Sotheby's International Realty - A

Soleil Sotheby's International Realty - A

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $29,733

Lot Details

  • Lot Dimensions are 85 x 62.5

Home Design

  • Contemporary Architecture

Bedrooms and Bathrooms

  • 6 Bedrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$29,733

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: Contemporary
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 6
  • Full Bathrooms: 5
  • Half Bathrooms: 1

Lot Info

  • Lot Dimensions: 85 X 62.5
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2012
Closed on
Dec 12, 2013
Sold by
Designers Choice Custom Homes Llc
Bought by
Berman Stuart and Berman Leslie
Buyer's Agent
Ashley Franchini
Soleil Sotheby's International Realty - A
List Price
$1,941,000
Sold Price
$1,941,000
Current Estimated Value
$3,453,846

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,512,846
Avg. Annual Appreciation
5.04%
Original Mortgage
$900,000
Interest Rate
3.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 11, 2013
Sold by
Desingners Choice Custom Homes Llc
Bought by
Desingners Choice Custom Homes Llc

Purchase Details

Closed on
Feb 1, 2012
Sold by
Braverman Bennett and Schreibman Carol
Bought by
Designers Choice Custom Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$999,999
Interest Rate
3.92%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Mar 1, 2002
Sold by
Braverman Mollie
Bought by
Braverman Bennett and Schreibman Carol
Source: Public Records

Range of Values:

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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
Berman Stuart $1,941,000 Surety Title
Desingners Choice Custom Homes Llc -- None Available
Designers Choice Custom Homes Llc $999,999 The Title Company Of Jersey
Braverman Bennett -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Berman Stuart $900,000
Previous Owner Designers Choice Custom Homes Llc $999,999
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/13/2013 12/13/13 Sold $1,941,000 0.0% --
10/23/2012 10/23/12 Pending -- -- --
04/26/2012 04/26/12 For Sale $1,941,000 -- --
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 $29,733 $1,740,800 $687,400 $1,053,400
2024 $29,733 $1,740,800 $687,400 $1,053,400
2023 $27,470 $1,740,800 $687,400 $1,053,400
2022 $27,470 $1,740,800 $687,400 $1,053,400
2021 $27,087 $1,740,800 $687,400 $1,053,400
2020 $26,948 $1,740,800 $687,400 $1,053,400
2019 $26,843 $1,740,800 $687,400 $1,053,400
2018 $27,209 $1,740,800 $687,400 $1,053,400
2017 $27,244 $1,740,800 $687,400 $1,053,400
2016 $26,321 $1,740,800 $687,400 $1,053,400
2015 $25,903 $1,740,800 $687,400 $1,053,400
2014 $25,416 $1,212,200 $687,400 $524,800
Source: Public Records

Agents Affiliated with this Home

  • Ashley Franchini

    Buyer's Agent in 2013

    Ashley Franchini

    Solei SIR Margate

    (609) 233-6116

    58 in this area

    201 Total Sales

    Ashley Franchini
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 394160

South Jersey Shore Regional MLS

APN: 16-00101-01-00012

New Jersey Atlantic County Margate City 08402

7405 Atlantic Ave, Margate City, NJ

This home is located at 7405 Atlantic Ave, Margate City, NJ 08402 since 26 April 2012 and is currently estimated at $3,453,846. 7405 Atlantic Ave is a home located in Atlantic County with nearby schools including William H. Ross III Intermediate School, Eugene A. Tighe Middle School, and St. James Elementary School.

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