NOT LISTED FOR SALE

Margate City, NJ 08402

Estimated Value: $796,000 - $950,000

-- Bed
-- Bath
1,692 Sq Ft
$506/Sq Ft Est. Value

Last Sold August 14, 2020

Last sale price $427,500 $253 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $5,155/month

6 Days on Market

Highlights

  • Corner Lot
  • Porch
  • Ceiling Fan
  • William H. Ross III Intermediate School Rated A-
  • Central Air

About This Home

As of August 2020

Margate corner duplex, each unit has two bedrooms, one bath. Great for owner occupancy on the first floor with second floor unit tenant occupied. New hot water tanks in both units, c/a, parking for each unit. Great location in the Marina district, walk to restaurants, shopping & beach.

Last Agent to Sell the Property

ZELDA SOLOF

MARKETPLACE REALTY License #9588896 Listed on: 06/29/2020

Last Buyer's Agent

ZELDA SOLOF

MARKETPLACE REALTY License #9588896 Listed on: 06/29/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,614

Lot Details

  • Lot Dimensions are 63x48
  • Corner Lot

Parking

  • 1 Parking Space

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • Ceiling Fan
  • Crawl Space
  • Storm Screens
  • Stove

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Porch

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Separate Meters
  • Gas Water Heater

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,614

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Duplex
  • Lvt Date: 06/29/2020
  • Age: 25+ Years
  • Allow Comsumer Comment: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dryer, Gas Stove, Refrigerator, Washer
  • Basement: Crawl Space

Exterior Features

  • Outside Features: Porch
  • Siding Exterior: Vinyl
  • Storm Screens: Combination

Garage/Parking

  • Driveway: Blacktop
  • Parking Exterior: One Car

Utilities

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

Lot Info

  • Location: Corner
  • Lot Dimensions: 63x48

Rental Info

  • Rental Information: Yearly

Multi Family

  • Number Of Units: 2
  • Number Of2 Bedroom Units: 2
  • Separate Meters: Cable Tv, Electric, Gas, Heat, Hot Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2020
Closed on
Aug 12, 2020
Sold by
Raleigh John and Raleigh Eleanor Barbara
Bought by
Kisielewski Alexander Michael
Seller's Agent
ZELDA SOLOF
MARKETPLACE REALTY
Buyer's Agent
ZELDA SOLOF
MARKETPLACE REALTY
List Price
$439,000
Sold Price
$427,500
Premium/Discount to List
-$11,500
-2.62%
Current Estimated Value
$855,963

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$428,463
Avg. Annual Appreciation
14.94%
Original Mortgage
$327,500
Outstanding Balance
$293,763
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$562,502

Purchase Details

Closed on
Aug 12, 2005
Sold by
Bakaj Linda Cunningham
Bought by
Raleigh John and Raleigh Elenor Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,000
Interest Rate
5.66%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Kisielewski Alexander Michael $427,500 Security Title Company
Raleigh John $472,500 Commonwealth Land Title Insu
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kisielewski Alexander Michael $327,500
Previous Owner Raleigh John W $347,675
Previous Owner Raleigh John $378,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2020 08/14/20 Sold $427,500 -2.6% $253 / Sq Ft
07/05/2020 07/05/20 Pending -- -- --
06/29/2020 06/29/20 For Sale $439,000 0.0% $259 / Sq Ft
09/01/2019 09/01/19 Rented -- -- --
07/22/2019 07/22/19 For Rent $1,250 -- --
10/15/2014 10/15/14 Rented -- -- --
09/15/2014 09/15/14 Under Contract -- -- --
07/03/2014 07/03/14 For Rent -- -- --
08/19/2012 08/19/12 Rented -- -- --
07/20/2012 07/20/12 Under Contract -- -- --
07/05/2012 07/05/12 For Rent -- -- --
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
2024 $5,614 $328,700 $227,500 $101,200
2023 $5,187 $328,700 $227,500 $101,200
2022 $5,187 $328,700 $227,500 $101,200
2021 $5,115 $328,700 $227,500 $101,200
2020 $5,088 $328,700 $227,500 $101,200
2019 $5,069 $328,700 $227,500 $101,200
2018 $5,138 $328,700 $227,500 $101,200
2017 $5,144 $328,700 $227,500 $101,200
2016 $4,970 $328,700 $227,500 $101,200
2015 $4,891 $328,700 $227,500 $101,200
2014 $4,799 $328,700 $227,500 $101,200
Source: Public Records

Agents Affiliated with this Home

  • ZELDA SOLOF

    Seller's Agent in 2020

    ZELDA SOLOF

    MARKETPLACE REALTY

    (609) 214-0841

    3 in this area

    5 Total Sales

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  • Jeanne Jones

    Buyer's Agent in 2019

    Jeanne Jones

    MARKETPLACE REALTY

    (609) 335-7164

    7 in this area

    19 Total Sales

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  • Mark Purnell

    Buyer's Agent in 2014

    Mark Purnell

    COLDWELL BANKER ARGUS REAL ESTATE-Northfield

    (609) 214-5390

    2 in this area

    5 Total Sales

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  • Brigid Bilotta

    Buyer's Agent in 2012

    Brigid Bilotta

    MARKETPLACE REALTY

    (609) 412-3806

    24 in this area

    80 Total Sales

    Section Image
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Source: South Jersey Shore Regional MLS

MLS Number: 538604

South Jersey Shore Regional MLS

APN: 16-00324-01-00001

New Jersey Atlantic County Margate City

08402

This home since 29 June 2020 and is currently estimated at $856,265, approximately $506 per square foot. This home is a home located in Atlantic County with nearby schools including William H. Ross III Intermediate School, Eugene A. Tighe Middle School, and Blessed Sacrament Regional School.

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