$2,999,000
PENDING $501K PRICE DROP

8407 Wellington Ave Margate City, NJ 08402

Estimated payment $18,249/month

Total Views 189,608
5 Beds
3 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Property Fronts a Bay or Harbor
  • Boat Slip
  • Cathedral Ceiling
  • William H. Ross III Intermediate School Rated A-
  • Deck
  • Wood Flooring

About This Home

Top Of The Parkway North! AMAZING BAY FRONT OPPORTUNITY! DECORATOR FINISHED.....a PERFECT COASTAL RETREAT! Gorgeous Open Bay & Panoramic Sunset Views await you from almost EVERY ROOM! Tons of Windows with AMAZING Natural Light will elevate your vibe year round! Massive Decks to grab every angle of open waters. Take a dip and enjoy Mother Nature at its finest. This Home has it all:) The open floor plan is perfect for entertaining large family gatherings or cozy retreats. The White Shaker Kitchen will surely impress with a Cafe Series appliance package, Quartz counter tops, pendant lighting and adorable breakfast nook. The living space features a cozy sitting area complete with built in cabinetry, 5 Speaker sound system, wet bar, ice machine, dining area, and an additional sitting area perfect for happy hour or game night. The first floor is complete with one bedroom, full bath, laundry room, and garage access. The second floor features a large primary bedroom with tray ceiling, primary bath with oversized shower, double vanities, walk in closet, and a large deck with more AMAZING VIEWS! One bedroom is currently being used a home office. The generous outdoor living features an oversized deck, pier, gang plank, and two boat slips. Walking Distance to JCC and places of worship. Short distance to Margate's finest restaurants, shops and nightlife. START LIVING YOUR BEST LIFE NOW!

Listing Agent

Emily Marchese

MARCHESE REAL ESTATE, LLC License #0338026 Listed on: 02/24/2025

MARCHESE REAL ESTATE, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,226

Year Built

  • Built in 1988

Lot Details

  • Lot Dimensions are 50 x 100
  • Property Fronts a Bay or Harbor
  • Sprinkler System

Home Design

  • Concrete Siding

Interior Spaces

  • 2-Story Property
  • Elevator
  • Bar
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Blinds
  • Dining Room
  • Den
  • Library
  • Storage
  • Water Views
  • Storage In Attic

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Basement

  • Exterior Basement Entry
  • Stone or Rock in Basement
  • Crawl Space

Home Security

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

Parking

  • 2 Car Attached Garage
  • Parking Pad
  • Automatic Garage Door Opener

Outdoor Features

  • Outdoor Shower
  • Boat Slip
  • Deck
  • Patio
  • Porch

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,226

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 2 Story
  • Age: 25+ Years
  • Also Includes: Blinds
  • Lvt Date: 02/24/2025
  • Year Built: 1988
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Burglar Alarm, Disposal, Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Built-In, Gas Log
  • Flooring: Hardwood, Tile
  • Interior Amenities: Bar, Cathedral Ceiling, Carbon Monoxide Detector, Elevator, Kitchen Center Island, Security System, Storage, Smoke/Fire Alarm, Walk In Closet
  • Bedrooms: 5
  • Full Bathrooms: 3
  • Basement: Crawl Space, Masonry Floor/Wall, Outside Entrance
  • Other Rooms: Breakfast Nook, Den/Tv Room, Dining Room, Eat In Kitchen, Laundry/Utility Room, Library/Study, Storage Attic, Primary Br On 1st Floor

Exterior Features

  • Outside Features: Boat Slip, Curbs, Deck, Outside Shower, Patio, Porch, Sidewalks, Sprinkler System, Enclosed Outside Shower
  • Siding Exterior: Concrete, Fiber Cement Board Siding
  • Storm Screens: Combination

Garage/Parking

  • Driveway: Concrete
  • Garage: Two Car, Attached Garage, Auto Door Opener
  • Parking Exterior: Three Or More Cars, Parking Pad

Utilities

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

Lot Info

  • Location: Bay Front, Bulkheaded, Docks, Water View
  • Lot Dimensions: 50 x 100
  • Lot Size: Less Than One Acre

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $20,226 $1,184,200 $800,000 $384,200
2023 $18,687 $1,184,200 $800,000 $384,200
2022 $18,687 $1,184,200 $800,000 $384,200
2021 $18,426 $1,184,200 $800,000 $384,200
2020 $18,331 $1,184,200 $800,000 $384,200
2019 $17,932 $1,162,900 $800,000 $362,900
2018 $18,176 $1,162,900 $800,000 $362,900
2017 $18,199 $1,162,900 $800,000 $362,900
2016 $17,583 $1,162,900 $800,000 $362,900
2015 $17,304 $1,162,900 $800,000 $362,900
2014 $16,978 $1,162,900 $800,000 $362,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2025 07/02/25 For Rent $30,000 +500.0% --
07/02/2025 07/02/25 For Rent $5,000 0.0% --
06/11/2025 06/11/25 Pending -- -- --
04/09/2025 04/09/25 Price Changed $2,999,000 -7.7% --
03/16/2025 03/16/25 Price Changed $3,250,000 -7.1% --
02/24/2025 02/24/25 For Sale $3,500,000 +204.3% --
07/17/2020 07/17/20 Sold $1,150,000 -6.1% --
06/25/2020 06/25/20 Pending -- -- --
06/01/2020 06/01/20 Price Changed $1,224,900 -2.6% --
05/24/2020 05/24/20 Price Changed $1,257,500 -1.2% --
02/20/2020 02/20/20 For Sale $1,272,500 +67.4% --
05/31/2019 05/31/19 Sold $760,000 -13.6% --
04/10/2019 04/10/19 For Sale $879,900 -- --
Source: South Jersey Shore Regional MLS

Purchase History

Date Type Sale Price Title Company
Deed $1,240,000 Foundation Title Llc
Deed $760,000 Surety Title Company Llc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $250,000 Credit Line Revolving
Open $992,000 New Conventional
Previous Owner $729,900 Commercial
Source: Public Records

About the Listing Agent

Emily Marchese

MARCHESE REAL ESTATE, LLC

(640) 231-0584

Section Image

Emily is the Founder and CEO of Marchese Real Estate in Margate. She resides in Ventnor City with her husband, Frank Marchese, Top Rated local Painting Contractor and Owner/Operator of Marchese's Painting. They have two beautiful daughters Angelina and Francesca who hope to follow in their parents foot-steps as business owners. Emily has been a NJ Licensed Realtor since 2003 serving the Margate City and Surrounding areas. She is known for always going the extra mile and following every

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Source: South Jersey Shore Regional MLS

MLS Number: 593414

South Jersey Shore Regional MLS

APN: 16-00714-0000-00023