$3,575,000
SOLD JAN 16, 2025

8307 Atlantic Ave Margate City, NJ 08402

5 Beds
5 Baths
-- Sq Ft
3,920 Sq Ft Lot

Recently Sold

1% Below List Price

2 Days on Market

Highlights

  • Water Views
  • Cabana
  • Recreation Room
  • William H. Ross III Intermediate School Rated A-
  • Deck
  • Corner Lot

About This Home

As of January 2025

Welcome to your dream home at 8307 Atlantic Ave . where luxury meets comfort in this stunning new construction home. Perfectly located one block off the beach with a private outdoor oasis featuring a beautiful in-ground gunite pool and plenty of room to relax. Boasting five spacious bedrooms and five elegant bathrooms, a bonus den/sixth bedroom making this home perfect for relaxing with or entertaining family and friends. The open floor plan seamlessly connects the living room, dining area and incredibly impressive kitchen. The large living room features an oversized wet bar and built-ins perfect to entertain. The fully custom kitchen features all SubZero and Wolf appliances, custom cabinetry and an oversized island. Off the main living level is an incredible wrap around porch perfect to enjoy those summer breezes. A state-of-the-art Control4 smart home system makes home automation simple with only the best technology. A den/sixth bedroom, full bathroom, large pantry and laundry room complete this level. The next level features two junior suits both with private balconies showcasing ocean views and their own bathrooms. Two nice sized bedrooms and another full bathroom complete this level. Retreat to the primary suite with the most incredible ocean views, his and hers walk-in closets a large luxurious bathroom and bonus 12X14 finished space to be used however you should need! Additional amenities include an attached garage, elevator, and a security system for peace of mind. With central AC, gas heat, and forced air, comfort is guaranteed year-round. This exceptional home is a rare find, offering a perfect blend of elegance and modern convenience. Don't miss the opportunity to make it yours!

Last Agent to Sell the Property

Linda Novelli

Compass Real Estate-Margate Listed on: 11/25/2024

Compass Real Estate-Margate

Co-Listed By

Vincent Novelli

Compass Real Estate-Margate

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

  • $8,926

Lot Details

  • Lot Dimensions are 45x80
  • Fenced
  • Corner Lot

Parking

  • 2 Car Attached Garage

Interior Spaces

  • 3-Story Property
  • Elevator
  • Bar
  • Ceiling Fan
  • Fireplace
  • Great Room
  • Dining Area
  • Den
  • Library
  • Recreation Room
  • Storage
  • Water Views
  • Attic Fan

Kitchen

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

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • 5 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Burglar Security System
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Pool

  • Cabana
  • In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Deck

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Cooling System Powered By Gas
  • Heating System Uses Natural Gas

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,926

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 3 Story
  • Lvt Date: 11/25/2024
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Appliances: Burglar Alarm, Disposal, Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Built-In
  • Flooring: Tile, Vinyl
  • Interior Amenities: Bar, Carbon Monoxide Detector, Elevator, Kitchen Center Island, Security System, Storage, Smoke/Fire Alarm, Walk In Closet
  • Bedrooms: 5
  • Full Bathrooms: 5
  • Other Rooms: Den/Tv Room, Dining Area, Great Room, Laundry/Utility Room, Library/Study, Pantry, Recreation/Family

Exterior Features

  • Outside Features: Cabana, Curbs, Deck, Fenced Yard, Outside Shower, Pool-In Ground
  • Siding Exterior: Fiber Cement Board Siding

Garage/Parking

  • Driveway: Concrete
  • Garage: Two Car, Attached Garage
  • Parking Exterior: Three Or More Cars

Utilities

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

Lot Info

  • Location: Corner, Water View
  • Lot Dimensions: 45X80
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 25, 2024
Closed on
Jan 21, 2025
Sold by
V2 Properties Entity 7 Llc
Bought by
Alderson Skip Michael and Alderson Amy Jeanne
Seller's Agent
Linda Novelli
Compass Real Estate-Margate
Buyer's Agent
Ashley Franchini
Soleil Sotheby's International Realty - A
List Price
$3,599,000
Sold Price
$3,575,000
Premium/Discount to List
-$24,000
-0.67%
Views
20
Current Estimated Value
$3,691,322

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$116,322
Avg. Annual Appreciation
5.05%
Original Mortgage
$2,375,000
Outstanding Balance
$2,357,391
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$1,333,931

Purchase Details

Listed on
Oct 3, 2022
Closed on
Mar 31, 2023
Sold by
Disandro E Douglas
Bought by
V2 Properties Entity 7 Llc
Seller's Agent
Vincent Novelli
Compass Real Estate-Margate
Buyer's Agent
Vincent Novelli
Compass Real Estate-Margate
List Price
$2,800,000
Sold Price
$2,400,000
Premium/Discount to List
-$400,000
-14.29%
Views
14

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.78%
Original Mortgage
$3,770,000
Interest Rate
6.42%
Mortgage Type
Construction
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $3,575,000 Surety Title
Deed $2,400,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,375,000 New Conventional
Previous Owner $3,770,000 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/16/2025 01/16/25 Sold $3,575,000 -0.7% --
11/27/2024 11/27/24 Pending -- -- --
11/25/2024 11/25/24 For Sale $3,599,000 +50.0% --
03/31/2023 03/31/23 Sold $2,400,000 -14.3% --
11/29/2022 11/29/22 Pending -- -- --
10/03/2022 10/03/22 For Sale $2,800,000 -- --
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 $8,926 $1,257,200 $581,300 $675,900
2024 $8,926 $522,600 $522,600 $0
2023 $15,010 $951,200 $777,000 $174,200
2022 $15,010 $951,200 $777,000 $174,200
2021 $14,801 $951,200 $777,000 $174,200
2020 $14,725 $951,200 $777,000 $174,200
2019 $14,668 $951,200 $777,000 $174,200
2018 $14,867 $951,200 $777,000 $174,200
2017 $14,886 $951,200 $777,000 $174,200
2016 $14,382 $951,200 $777,000 $174,200
2015 $14,154 $951,200 $777,000 $174,200
2014 $13,888 $951,200 $777,000 $174,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 591083

South Jersey Shore Regional MLS

APN: 16-00111-02-00001