Seller's Agent in 2025
Kelly Morley
MARCHESE REAL ESTATE, LLC
(609) 241-5141
6 in this area
21 Total Sales
8407 Wellington Ave Margate City, NJ 08402
5
Beds
3
Baths
--
Sq Ft
5,009
Sq Ft Lot
About This Home
As of September 2025Margate Bay front living at its finest boasting dynamic & jaw-dropping views of the open bay with a Sun set of serenity. The exterior offers an attached garage & beautiful front porch with the rear oversized deck overlooking the open bay leading to an extended dock into the back providing two slips, creating a scenic & wonderful environment to enjoy life with family & friends. This diamond is being polished & fully renovated with high-end & stylish finishes & amenities sure to excite the senses. The 1st level offers an open floor plan concept complete with an in law suite. The eat in kitchen flows into the Formal dining room & huge living space is anchored with a horizontal gas fireplace with the wall of windows providing water views as far as the eye can see. The 2nd floor encompasses 4 nice size bedrooms with deck accessibility. The master suite is gorgeous with vaulted ceiling‘s, 3 nice size closets, & a fully loaded master bath which includes an oversized walk in shower complete with body sprays, handheld wand & rain head along with his & her designer vanities.
Last Agent to Sell the Property
BHHS FOX and ROACH-Margate Listed on: 02/20/2020
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $20,226
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Full Bathrooms
Additional Features
- 2-Story Property
- Lot Dimensions are 50 x 100
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 20, 2020
Closed on
Jul 12, 2020
Sold by
Zenith Investment Group Llc
Bought by
Lavin Jonathan E and Lavin Karen Patterson
Seller's Agent
ROSENZWEIG, TROY ROSENZWEIG
BHHS FOX and ROACH-Margate
Buyer's Agent
Emily Marchese
MARCHESE REAL ESTATE, LLC
List Price
$1,272,500
Sold Price
$1,150,000
Premium/Discount to List
-$122,500
-9.63%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.89%
Original Mortgage
$992,000
Outstanding Balance
$879,974
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$1,922,944
Purchase Details
Listed on
Apr 10, 2019
Closed on
May 31, 2019
Sold by
Grossman Irwin
Bought by
Zenith Investment Group Llc
Seller's Agent
Thomas Critchley
BHHS FOX and ROACH-Margate
Buyer's Agent
ROSENZWEIG, TROY ROSENZWEIG
BHHS FOX and ROACH-Margate
List Price
$879,900
Sold Price
$760,000
Premium/Discount to List
-$119,900
-13.63%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
44.27%
Original Mortgage
$729,900
Interest Rate
4.1%
Mortgage Type
Commercial
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
Average Home Value in this Area
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
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/08/2025 09/08/25 | Sold | $2,800,000 | 0.0% | -- |
| 08/07/2025 08/07/25 | For Rent | $55,000 | +57.1% | -- |
| 08/07/2025 08/07/25 | For Rent | $35,000 | 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
Tax History Compared to Growth
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 | $20,226 | $1,184,200 | $800,000 | $384,200 |
| 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
Agents Affiliated with this Home
-
Kelly Morley
-
Emily Marchese
Seller's Agent in 2025
Emily Marchese
MARCHESE REAL ESTATE, LLC
(609) 241-5141
12 in this area
233 Total Sales
-
ROSENZWEIG, TROY ROSENZWEIG
R
Seller's Agent in 2020
ROSENZWEIG, TROY ROSENZWEIG
BHHS Fox & Roach
(609) 209-4495
137 in this area
173 Total Sales
-
ROSENZWEIG, TROY SCHERR
R
Seller Co-Listing Agent in 2020
ROSENZWEIG, TROY SCHERR
BHHS Fox & Roach
(609) 209-4495
137 in this area
173 Total Sales
-
Thomas Critchley
Seller's Agent in 2019
Thomas Critchley
BHHS Fox & Roach
(609) 992-6847
2 in this area
60 Total Sales
Map
Source: South Jersey Shore Regional MLS
MLS Number: 535617
APN: 16-00714-0000-00023
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