NOT LISTED FOR SALE

Margate City, NJ 08402

Estimated Value: $1,125,000 - $1,324,000

4 Beds
2 Baths
-- Sq Ft
2,701 Sq Ft Lot

Last Sold June 29, 2012

Last sale price $472,500

Est. 159% increase in value since last sale

Current estimated payment $7,044/month

7 Days on Market

Highlights

  • Deck
  • Wood Under Carpet
  • Den
  • William H. Ross III Intermediate School Rated A-
  • Sun or Florida Room
  • 3-minute walk to Ross School Playground

About This Home

As of June 2012

This charming 4 BR 2 BA home is located on a very desirable block in the heart of Margate. The stucco exterior & terracotta roof add to the old world style of this great beach getaway. The 1st floor features a large living room & adjacent sun room, dining room, eat in kitchen, full bath & a small BR & new central A/C. Upstairs there are 3 BR, a full BA, access to a large 2nd story deck & hardwood floors throughout under the existing carpeting. There is a fenced yard, a detached garage & 3 car parking.

Last Agent to Sell the Property

Mark Arbeit

NEW ERA REAL ESTATE-B Listed on: 05/13/2012

NEW ERA REAL ESTATE-B

Last Buyer's Agent

Thomas Critchley

BHHS FOX and ROACH-Margate

BHHS FOX and ROACH-Margate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,597

Lot Details

  • Lot Dimensions are 40x 67.5
  • Fenced

Home Design

  • Stucco

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Gas Log Fireplace
  • Insulated Windows
  • Drapes & Rods
  • Blinds
  • Living Room with Fireplace
  • Dining Room
  • Den
  • Sun or Florida Room
  • Crawl Space
  • Storage In Attic
  • Storm Screens

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Stove
  • Dishwasher
  • Disposal

Flooring

  • Wood Under Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Porch

Utilities

  • Zoned Heating and Cooling
  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,597

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 2 Story
  • Also Includes: Blinds, Curtains
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Electric Stove, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Built-In, Gas Log, Living Room
  • Flooring: Tile, W/W Over Hardwood
  • Bedrooms: 4
  • Full Bathrooms: 2
  • Basement: Crawl Space
  • Other Rooms: Den/Tv Room, Dining Room, Eat In Kitchen, Florida Room, Laundry/Utility Room, Pantry, Storage Attic

Exterior Features

  • Outside Features: Curbs, Deck, Fenced Yard, Porch
  • Siding Exterior: Stucco
  • Storm Screens: Insulated Glass, Screens

Garage/Parking

  • Driveway: Concrete

Utilities

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

Lot Info

  • Lot Dimensions: 40x 67.5
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2012
Closed on
Jun 29, 2012
Sold by
Jenkins Elizabeth
Bought by
Ottoson Thomas H and Ottoson Jeanne M
Seller's Agent
Mark Arbeit
NEW ERA REAL ESTATE-B
Buyer's Agent
Thomas Critchley
BHHS FOX and ROACH-Margate
List Price
$472,500
Sold Price
$472,500
Current Estimated Value
$1,222,377

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$749,877
Avg. Annual Appreciation
7.39%
Original Mortgage
$300,000
Outstanding Balance
$44,214
Interest Rate
2.97%
Mortgage Type
New Conventional
Estimated Equity
$1,178,163

Purchase Details

Closed on
Oct 31, 1997
Sold by
Kramer Sabra E
Bought by
Jenkins Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,600
Interest Rate
7.23%
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
Ottoson Thomas H $472,500 None Available
Jenkins Elizabeth $131,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ottoson Thomas H $300,000
Previous Owner Jenkins Elizabeth $78,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/29/2012 06/29/12 Sold $472,500 0.0% --
05/20/2012 05/20/12 Pending -- -- --
05/13/2012 05/13/12 For Sale $472,500 -- --
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 $7,597 $444,800 $292,200 $152,600
2024 $7,597 $444,800 $292,200 $152,600
2023 $7,019 $444,800 $292,200 $152,600
2022 $7,019 $444,800 $292,200 $152,600
2021 $6,921 $444,800 $292,200 $152,600
2020 $6,886 $444,800 $292,200 $152,600
2019 $6,859 $444,800 $292,200 $152,600
2018 $6,952 $444,800 $292,200 $152,600
2017 $6,961 $444,800 $292,200 $152,600
2016 $6,725 $444,800 $292,200 $152,600
2015 $6,619 $444,800 $292,200 $152,600
2014 $6,494 $444,800 $292,200 $152,600
Source: Public Records

Agents Affiliated with this Home

  • Mark Arbeit

    Seller's Agent in 2012

    Mark Arbeit

    RE/MAX Platinum Properties

    (609) 402-5885

    21 in this area

    43 Total Sales

    Mark Arbeit
    Section Image
  • Thomas Critchley

    Buyer's Agent in 2012

    Thomas Critchley

    BHHS Fox & Roach

    (609) 992-6847

    1 in this area

    57 Total Sales

    Thomas Critchley
    Section Image
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Source: South Jersey Shore Regional MLS

MLS Number: 394930

South Jersey Shore Regional MLS

APN: 16-00210-01-00021

New Jersey Atlantic County Margate City

08402

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