NOT LISTED FOR SALE

8600 Atlantic Ave Margate City, NJ 08402

Estimated Value: $3,470,000 - $3,836,000

6 Beds
4 Baths
2,716 Sq Ft
$1,323/Sq Ft Est. Value

Last Sold May 10, 2012

Last sale price $1,672,500 $616 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $20,825/month

68 Days on Market

Highlights

  • New Construction
  • Building is beachfront but unit may not have water views
  • Marble Flooring
  • William H. Ross III Intermediate School Rated A-
  • Deck
  • Corner Lot

About This Home

As of May 2012

Wonderful opportunity to own a New Construction home located in the prestigious Parkway Section of Margate. The home features all of the ammentities that you could want at the Shore. Features include a huge deck off of the kitchen that faces beachblock, expansive first floor open floor plan, upgraded appliances in the kitchen, pre-wired sound system, first floor bedroom/office and first floor full bath, spacious bedrooms and beautifullly tiled baths. House is under the last phase of construction.

Last Agent to Sell the Property

Linda Novelli

Compass Real Estate-Margate Listed on: 02/07/2012

Compass Real Estate-Margate

Last Buyer's Agent

Emily Christian

FARLEY and FERRY REALTY, INC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $24,166

Lot Details

  • Lot Dimensions are 50x78.09
  • Building is beachfront but unit may not have water views
  • Corner Lot
  • Sprinkler System

Home Design

  • New Construction
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Central Vacuum
  • Ceiling Fan
  • Gas Log Fireplace
  • Great Room
  • Living Room with Fireplace
  • Dining Area
  • Storage
  • Laundry Room
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet
  • 4 Full Bathrooms

Outdoor Features

  • Outdoor Shower
  • Deck
  • Shed
  • Porch

Utilities

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$24,166

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 2 Story
  • Age: 0 To 1 Year
  • New Construction: Yes
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Central Vacuum, Disposal, Dishwasher, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Trash Compactor
  • Fireplace: Built-In, Gas Log, Living Room
  • Flooring: Hardwood, Marble, Tile
  • Interior Amenities: Kitchen Center Island, Storage, Smoke/Fire Alarm, Walk In Closet
  • Bedrooms: 6
  • Full Bathrooms: 4
  • Basement: Crawl Space
  • Other Rooms: Dining Area, Eat In Kitchen, Great Room, Laundry/Utility Room

Exterior Features

  • Outside Features: Curbs, Deck, Outside Shower, Porch, Shed, Sidewalks, Sprinkler System
  • Siding Exterior: Masonry/Block, Vinyl

Garage/Parking

  • Driveway: Concrete

Utilities

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

Lot Info

  • Location: Beach Block, Corner
  • Lot Dimensions: 50x78.09
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2012
Closed on
May 10, 2012
Sold by
8600 Atlantic Avenue Llc
Bought by
Merion Gate Partners L P
Seller's Agent
Linda Novelli
Compass Real Estate-Margate
Buyer's Agent
Emily Christian
FARLEY and FERRY REALTY, INC
List Price
$1,672,500
Sold Price
$1,672,500
Current Estimated Value
$3,593,904

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,921,404
Avg. Annual Appreciation
5.84%
Original Mortgage
$1,700,000
Outstanding Balance
$1,183,903
Interest Rate
4.01%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$2,410,001

Purchase Details

Closed on
Sep 16, 2010
Sold by
Dosch Victor F and Dosch Rosemary H
Bought by
8600 Atlantic Avenue Llc
Source: Public Records

Range of Values:

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Average Value
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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
Merion Gate Partners L P $1,672,500 None Available
8600 Atlantic Avenue Llc $950,000 North American Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Merion Gate Partners L P $1,700,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/10/2012 05/10/12 Sold $1,672,500 0.0% $616 / Sq Ft
04/15/2012 04/15/12 Pending -- -- --
02/07/2012 02/07/12 For Sale $1,672,500 -- $616 / Sq Ft
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 $24,166 $1,414,900 $855,000 $559,900
2024 $24,166 $1,414,900 $855,000 $559,900
2023 $22,327 $1,414,900 $855,000 $559,900
2022 $22,327 $1,414,900 $855,000 $559,900
2021 $22,016 $1,414,900 $855,000 $559,900
2020 $21,903 $1,414,900 $855,000 $559,900
2019 $21,818 $1,414,900 $855,000 $559,900
2018 $22,115 $1,414,900 $855,000 $559,900
2017 $22,143 $1,414,900 $855,000 $559,900
2016 $21,393 $1,414,900 $855,000 $559,900
2015 $21,054 $1,414,900 $855,000 $559,900
2014 $20,658 $1,414,900 $855,000 $559,900
Source: Public Records

Agents Affiliated with this Home

  • Linda Novelli

    Seller's Agent in 2012

    Linda Novelli

    Compass Real Estate-Margate

    (609) 839-3715

    85 in this area

    170 Total Sales

    Linda Novelli
    Section Image
  • Emily Christian

    Buyer's Agent in 2012

    Emily Christian

    FARLEY and FERRY REALTY, INC

    (609) 703-3415

    2 in this area

    27 Total Sales

    Emily Christian
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 390012

South Jersey Shore Regional MLS

APN: 16-00014-0000-00009

New Jersey Atlantic County Margate City 08402

8600 Atlantic Ave, Margate City, NJ

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