NOT LISTED FOR SALE

7904 Atlantic Ave Margate City, NJ 08402

Estimated Value: $3,720,718 - $4,276,000

0.07 Acre
$56,276,806 Price per Acre
3,136 Sq Ft Lot

Last Sold November 15, 2022

Last sale price $1,375,000

Est. 195% increase in value since last sale

Current estimated payment $23,380/month

17 Days on Market

About This Lot

As of November 2022

CORNER BEACH BLOCK LOT: Begin Luxury Living on Margate Beach Block! Build your new, custom home to your liking on one of the premier beach blocks in town with all the conveniences Margate has to offer! Just 4 houses off the beach, the property offers fabulous ocean views. This is one of Margate’s finest neighborhoods with three newly constructed homes surrounding the property.

Last Agent to Sell the Property

Joseph Scarpati

J PROPERTIES, LLC License #9592834 Listed on: 07/11/2022

Last Buyer's Agent

Paula Hartman

BHHS FOX and ROACH-Margate License #SP-9807299

BHHS FOX and ROACH-Margate

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $15,623

Lot Details

  • Lot Dimensions are 50x62.5

Property Details

Property Type

Land

Est. Annual Taxes

$15,623

Lot Details

0

Listing Details

  • Class: Lots/Land
  • Type: 1 To 6,000 Sqft
  • Lvt Date: 07/11/2022
  • Special Features: None
  • Property Sub Type: LotsLands

Lot Info

  • Lot Dimensions: 50X62.5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 28, 2024
Sold by
Circle 3 Llc
Bought by
Mack David and Mack Elyse
Current Estimated Value
$4,051,930

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
7.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 31, 2023
Sold by
Fahs Debra
Bought by
Circle 3 Llc

Purchase Details

Listed on
Jul 11, 2022
Closed on
Nov 11, 2022
Sold by
Santoro Pauline
Bought by
Fahs Debra
Seller's Agent
Joseph Scarpati
J PROPERTIES, LLC
Buyer's Agent
Paula Hartman
BHHS FOX and ROACH-Margate
List Price
$1,499,900
Sold Price
$1,375,000
Premium/Discount to List
-$124,900
-8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
47.93%
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
Mack David $4,000,000 Surety Title
Circle 3 Llc -- None Listed On Document
Fahs Debra $1,375,000 The Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mack David $2,487,716
Closed Mack David $2,500,000
Previous Owner Santoro Pauline $50,000
Previous Owner Santoro Pauline $100,000
Previous Owner Santoro John H $225,000
Previous Owner Santoro John H $150,000
Previous Owner Santoro John H $100,000
Previous Owner Santoro John H $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2022 11/15/22 Sold $1,375,000 0.0% --
11/15/2022 11/15/22 Sold $1,375,000 -8.3% --
07/28/2022 07/28/22 Pending -- -- --
07/28/2022 07/28/22 Pending -- -- --
07/11/2022 07/11/22 Price Changed $1,499,900 0.0% --
07/11/2022 07/11/22 For Sale $1,499,900 -9.1% --
05/25/2022 05/25/22 Price Changed $1,649,900 -8.3% --
04/15/2022 04/15/22 For Sale $1,799,900 -- --
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
2024 $15,623 $914,700 $637,900 $276,800
2023 $12,992 $823,300 $637,900 $185,400
2022 $12,992 $823,300 $637,900 $185,400
2021 $12,811 $823,300 $637,900 $185,400
2020 $12,745 $823,300 $637,900 $185,400
2019 $12,695 $823,300 $637,900 $185,400
2018 $12,868 $823,300 $637,900 $185,400
2017 $12,885 $823,300 $637,900 $185,400
2016 $12,448 $823,300 $637,900 $185,400
2015 $12,251 $823,300 $637,900 $185,400
2014 $12,020 $823,300 $637,900 $185,400
Source: Public Records

Agents Affiliated with this Home

  • Joseph Scarpati

    Seller's Agent in 2022

    Joseph Scarpati

    J PROPERTIES, LLC

    (609) 314-0907

    8 in this area

    57 Total Sales

    Section Image
  • Paula Hartman

    Buyer's Agent in 2022

    Paula Hartman

    BHHS Fox & Roach

    (609) 487-7234

    257 in this area

    765 Total Sales

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 565001

South Jersey Shore Regional MLS

APN: 16-00006-02-00008

New Jersey Atlantic County Margate City 08402

7904 Atlantic Ave, Margate City, NJ

This home is located at 7904 Atlantic Ave, Margate City, NJ 08402 since 11 July 2022 and is currently estimated at $4,051,930. 7904 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 Blessed Sacrament Regional School.

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