NOT LISTED FOR SALE

110 S Exeter Ave Margate City, NJ 08402

Estimated Value: $2,526,000 - $5,045,918

6 Beds
4.5 Baths
-- Sq Ft
5,314 Sq Ft Lot

Last Sold April 19, 2013

Last sale price $1,900,000

Est. 122% increase in value since last sale

Current estimated payment $26,284/month

Highlights

  • Ocean Front
  • Building is beachfront but unit may not have water views
  • Cathedral Ceiling
  • William H. Ross III Intermediate School Rated A-
  • Deck
  • Wood Flooring

About This Home

As of August 2014

OCEANFRONT SUMMER RENTAL!! YOUR OWN PRIVATE BEACH! This is more than just a spectacular 3-story OCEANFRONT WONDER... It's more than just stunning water views from the generous windows throughout; more than the desirable location - setback & near the pier and boardwalk! 6 Bedrooms, 4.5 baths and THE BEST LOCATION!! Tour the home and be "wow'd" by the exquisite, spectacular views!

Last Agent to Rent the Property

Paula Hartman

BHHS FOX and ROACH-Margate Listed on: 01/07/2014

BHHS FOX and ROACH-Margate

Co-Listed By

Todd Gordon

BHHS FOX and ROACH-Margate III

Last Renter's Agent

Dana Hartman

BHHS FOX and ROACH-Margate II

BHHS FOX and ROACH-Margate II

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $50,994

Year Built

  • 1949

Lot Details

  • Building is beachfront but unit may not have water views
  • Ocean Front
  • Corner Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3-Story Property
  • Furnished
  • Bar
  • Cathedral Ceiling
  • Ceiling Fan
  • Insulated Windows
  • Great Room
  • Dining Area
  • Den
  • Storage
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Cedar Closet
  • Bathroom on Main Level

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Deck
  • Patio

Utilities

  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • Community Boardwalk

Home Details

Home Type

Single Family

Est. Annual Taxes

$50,994

Year Built

1949

Lot Details

0

Rental Info

  • Pets Allowed: Yes W/Restrictions
  • Furnished: Yes
  • Furnished Leased: Yes
  • Lease Duration Options: Full Summer
  • Lease Duration: Full Summer
  • Full Summer Price: 50000

Listing Details

  • Class: Rental Non-Commercial
  • Type: House (Rental)
  • Style: 3 Story
  • Age: 25+ Years
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3
  • Year Built: 1949

Interior Features

  • Appliances: Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Washer
  • Flooring: Hardwood, Tile
  • Interior Amenities: Bar, Cathedral Ceiling, Carbon Monoxide Detector, Cedar Closet, Kitchen Center Island, Storage, Smoke/Fire Alarm
  • Bedrooms: 6
  • Bedroom 1: On Level: Upper
  • Bedroom 2: On Level: Upper
  • Bedroom 3: On Level: Upper
  • Bedroom 4: On Level: Upper
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Bathroom 1 Level: Main
  • Bathroom 2 Level: Upper
  • Bathroom 3 Level: Upper
  • Basement: Crawl Space
  • Dining Room: On Level: Main
  • Kitchen: On Level: Main
  • Living Room: On Level: Lower
  • Other Rooms: Den/Tv Room, Dining Area, Eat In Kitchen, Great Room, Laundry/Utility Room

Exterior Features

  • Outside Features: Deck, Patio, Paved Road, Sidewalks
  • Siding Exterior: Brick
  • Storm Screens: Insulated Glass

Garage/Parking

  • Driveway: Concrete

Utilities

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

Lot Info

  • Location: Beach Block, Bulkheaded, Corner, Ocean Front, Boardwalk Area

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2013
Closed on
Apr 16, 2013
Sold by
Lutz Richard M and Debiase Lutz Susan M
Bought by
Masel 2012 Family Limited Part
Buyer's Agent
Todd Gordon
BHHS FOX and ROACH-Margate III
List Price
$1,900,000
Sold Price
$1,900,000
Current Estimated Value
$4,209,730

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,309,730
Avg. Annual Appreciation
6.56%

Purchase Details

Closed on
Nov 22, 1999
Sold by
Friedland Jack M and Friedland Annette V
Bought by
Lutz Richard M and Dibiase Lutz Susan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
8.5%
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
Masel 2012 Family Limited Part $1,900,000 Old Republic National Title
Lutz Richard M $1,150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lutz Richard M $750,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/01/2014 08/01/14 Rented -- -- --
07/02/2014 07/02/14 Under Contract -- -- --
06/30/2014 06/30/14 Rented -- -- --
05/31/2014 05/31/14 Under Contract -- -- --
04/12/2014 04/12/14 For Rent -- -- --
01/07/2014 01/07/14 For Rent -- -- --
04/19/2013 04/19/13 Sold $1,900,000 0.0% -- View Prior Sale
04/12/2013 04/12/13 Pending -- -- --
04/05/2013 04/05/13 For Sale $1,900,000 -- --
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 $50,994 $2,985,600 $2,000,000 $985,600
2024 $50,994 $2,985,600 $2,000,000 $985,600
2023 $47,113 $2,985,600 $2,000,000 $985,600
2022 $47,113 $2,985,600 $2,000,000 $985,600
2021 $46,456 $2,985,600 $2,000,000 $985,600
2020 $46,217 $2,985,600 $2,000,000 $985,600
2019 $46,038 $2,985,600 $2,000,000 $985,600
2018 $46,665 $2,985,600 $2,000,000 $985,600
2017 $46,725 $2,985,600 $2,000,000 $985,600
2016 $37,886 $2,505,700 $2,000,000 $505,700
2015 $29,760 $2,207,700 $2,207,700 $0
2014 $34,675 $2,498,800 $2,207,700 $291,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 422148

South Jersey Shore Regional MLS

APN: 16-00006-01-00013