NOT LISTED FOR SALE

Margate City, NJ 08402

Estimated Value: $1,140,104 - $1,454,000

4 Beds
2.5 Baths
1,881 Sq Ft
$690/Sq Ft Est. Value

Last Sold May 11, 2012

Last sale price $598,750 $318 Per Sq Ft

Est. 117% increase in value since last sale

Current estimated payment $7,427/month

42 Days on Market

Highlights

  • Porch
  • Eat-In Kitchen
  • Burglar Security System
  • William H. Ross III Intermediate School Rated A-
  • Patio
  • 4-minute walk to Ross School Playground

About This Home

As of May 2012

This classic 4 BR 2.5 BA beach home is just 2 blocks to the beach and offers every possible amenities to the discriminating Buyer. The homes offers extra large living room with a built in fire place, huge dining room, large eat in kitchen, huge bedrooms, front porch, fenced yard, central A/C, detach garage and a 3rd floor perfect as a media room, playroom, master BR suite or more BRs. The home's exterior curb appeal is highlighted by its architectural details making this a unique and one of a kind home.

Last Agent to Sell the Property

Mark Arbeit

NEW ERA REAL ESTATE-B Listed on: 01/07/2012

NEW ERA REAL ESTATE-B

Last Buyer's Agent

Virginia Sutor

BHHS FOX and ROACH-Margate

BHHS FOX and ROACH-Margate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,379

Lot Details

  • Lot Dimensions are 40 x 67.5
  • Fenced

Home Design

  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Ceiling Fan
  • Wood Burning Fireplace
  • Insulated Windows
  • Drapes & Rods
  • Blinds
  • Family Room with Fireplace
  • Dining Room
  • Crawl Space

Kitchen

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

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Burglar Security System
  • Storm Screens

Outdoor Features

  • Outdoor Shower
  • Patio
  • Porch

Utilities

  • Zoned Heating and Cooling
  • Heating System Uses Natural Gas
  • Gas Water Heater

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,379

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 3 Story
  • Also Includes: Blinds, Curtains
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Appliances: Burglar Alarm, Disposal, Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Built-In, Family Room, Wood Burning
  • Flooring: Tile, Vinyl, W/W Carpet
  • Interior Amenities: Security System
  • Bedrooms: 4
  • Bedroom 1: On Level: Upper
  • Bedroom 2: On Level: Upper
  • Bedroom 3: On Level: Upper
  • Bedroom 4: On Level: Upper
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Bathroom 1 Level: Upper
  • Bathroom 2 Level: Upper
  • Basement: Crawl Space
  • Dining Room: On Level: Lower
  • Kitchen: On Level: Main
  • Living Room: On Level: Main
  • Powder Room Level: Main
  • Other Rooms: Dining Room, Eat In Kitchen, Laundry/Utility Room

Exterior Features

  • Outside Features: Fenced Yard, Outside Shower, Patio, Porch
  • Siding Exterior: Vinyl
  • Storm Screens: Insulated Glass, Screens

Garage/Parking

  • Driveway: Concrete

Utilities

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

Lot Info

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 7, 2012
Closed on
May 11, 2012
Sold by
Starkman Eric and Starkman Wendy
Bought by
Strauss Edward and Strauss Debra S
Seller's Agent
Mark Arbeit
NEW ERA REAL ESTATE-B
Buyer's Agent
Virginia Sutor
BHHS FOX and ROACH-Margate
List Price
$598,750
Sold Price
$598,750
Current Estimated Value
$1,298,776

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$700,026
Avg. Annual Appreciation
5.92%
Original Mortgage
$417,000
Outstanding Balance
$56,831
Interest Rate
3.21%
Mortgage Type
New Conventional
Estimated Equity
$1,241,945

Purchase Details

Closed on
Nov 5, 2009
Sold by
Olbrich Thomas J and Olbrich Lauren A
Bought by
Starkman Wendy and Starkman Eric

Purchase Details

Closed on
Jul 31, 1997
Sold by
Bernard Nachum and Bernard Ailsa
Bought by
Iversen Kenneth H and Phillips Iversen Amy B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,200
Interest Rate
7.55%
Source: Public Records

Range of Values:

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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
Strauss Edward $598,750 None Available
Starkman Wendy $580,000 Foundation Title
Iversen Kenneth H $189,000 The Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Strauss Edward $417,000
Previous Owner Iversen Kenneth H $151,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/11/2012 05/11/12 Sold $598,750 0.0% $318 / Sq Ft
02/18/2012 02/18/12 Pending -- -- --
01/07/2012 01/07/12 For Sale $598,750 -- $318 / 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 $7,379 $432,000 $292,200 $139,800
2024 $7,379 $432,000 $292,200 $139,800
2023 $6,817 $432,000 $292,200 $139,800
2022 $6,817 $432,000 $292,200 $139,800
2021 $6,722 $432,000 $292,200 $139,800
2020 $6,687 $432,000 $292,200 $139,800
2019 $6,661 $432,000 $292,200 $139,800
2018 $6,752 $432,000 $292,200 $139,800
2017 $6,761 $432,000 $292,200 $139,800
2016 $6,532 $432,000 $292,200 $139,800
2015 $6,428 $432,000 $292,200 $139,800
2014 $6,307 $432,000 $292,200 $139,800
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
  • Virginia Sutor

    Buyer's Agent in 2012

    Virginia Sutor

    BHHS Fox & Roach

    (609) 226-0593

    4 in this area

    9 Total Sales

    Virginia Sutor
    Section Image
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Source: South Jersey Shore Regional MLS

MLS Number: 388444

South Jersey Shore Regional MLS

APN: 16-00212-01-00007

New Jersey Atlantic County Margate City

08402

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