NOT LISTED FOR SALE

Margate City, NJ 08402

Estimated Value: $3,134,000 - $3,461,923

5 Beds
3.5 Baths
-- Sq Ft
4,008 Sq Ft Lot

Last Sold June 20, 2013

Last sale price $1,706,250

Est. 95% increase in value since last sale

Current estimated payment $19,500/month

73 Days on Market

Highlights

  • Building is beachfront but unit may not have water views
  • Deck
  • Wood Flooring
  • William H. Ross III Intermediate School Rated A-
  • Recreation Room
  • Sun or Florida Room

About This Home

As of June 2013

Spacious & elegant this Parkway beach block estate is a masterpiece of architecture & interior design: totally renovated, restored & decorated to create the ultimate sanctuary. Interior highlights include a huge Florida room w/ocean views, expansive well appointed family room & exquisite chef's kitchen w/center island. Most every room is accented & distinctive by custom cabinetry & lighting. Huge exterior deck provides the perfect entertainment space w/unobstructed ocean views. Brand New Multizone HVAC too!

Last Agent to Sell the Property

Mark Arbeit

MARKETPLACE REALTY Listed on: 01/29/2013

Co-Listed By

Mitch Tannehill

MARKETPLACE REALTY

Home Details

Home Type

  • Single Family

Lot Details

  • Lot Dimensions are 50x80.25
  • Building is beachfront but unit may not have water views
  • Fenced
  • Corner Lot
  • Sprinkler System

Home Design

  • Stucco

Interior Spaces

  • 3-Story Property
  • Ceiling Fan
  • Wood Burning Fireplace
  • Insulated Windows
  • Drapes & Rods
  • Blinds
  • Living Room with Fireplace
  • Dining Room
  • Den
  • Library
  • Recreation Room
  • Sun or Florida Room
  • Storage

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Partially Finished Basement

  • Heated Basement
  • Interior and Exterior Basement Entry

Home Security

  • Burglar Security System
  • Intercom
  • Storm Screens

Outdoor Features

  • Deck
  • Porch

Utilities

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

Community Details

  • Parkway Section Subdivision

Home Details

Home Type

Single Family

Lot Details

4,008 Sq Ft Lot

Listing Details

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

Interior Features

  • Appliances: Burglar Alarm, Disposal, Dishwasher, Dryer, Gas Stove, Intercom, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Built-In, Living Room, Wood Burning
  • Flooring: Hardwood, Tile, W/W Carpet
  • Interior Amenities: Kitchen Center Island, Security System, Storage, Walk In Closet
  • Bedrooms: 5
  • Bedroom 1: On Level: Upper
  • Bedroom 2: On Level: Upper
  • Bedroom 3: On Level: Upper
  • Bedroom 4: On Level: Upper
  • Bedroom 5: On Level: Upper
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Bathroom 1 Level: Upper
  • Bathroom 2 Level: Upper
  • Bathroom 3 Level: Upper
  • Basement: 6 Ft. Or More Head Room, Heated, Inside Entrance, Outside Entrance, Plumbing, Partially Finished
  • Dining Room: On Level: Main
  • Family Room: On Level: Upper
  • Kitchen: On Level: Main
  • Living Room: On Level: Main
  • Powder Room Level: Main
  • Other Rooms: Den/Tv Room, Dining Room, Eat In Kitchen, Florida Room, Laundry/Utility Room, Library/Study, Pantry, Recreation/Family

Exterior Features

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

Garage/Parking

  • Driveway: Concrete

Utilities

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

Lot Info

  • Location: Beach Block, Corner
  • Lot Dimensions: 50x80.25
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 29, 2013
Closed on
Jun 20, 2013
Sold by
Cerniglia Salvatore and Cerniglia Rosemarie
Bought by
Frank Alan and Frank Robin
Seller's Agent
Mark Arbeit
MARKETPLACE REALTY
List Price
$1,706,250
Sold Price
$1,706,250
Current Estimated Value
$3,334,641

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,628,391
Avg. Annual Appreciation
5.38%
Original Mortgage
$750,000
Outstanding Balance
$503,624
Interest Rate
2.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$2,831,017

Purchase Details

Closed on
Jun 27, 2001
Sold by
Cerniglia Salvatore and Cerniglia Rosemarie
Bought by
Cerniglia Rosemarie

Purchase Details

Closed on
Aug 23, 1999
Sold by
Fee John J and Fee Sharon A
Bought by
Cerniglia Salvatore and Cerniglia Rosemarie

Purchase Details

Closed on
Apr 23, 1997
Sold by
Repetto Augustine A and Repetto Augustine A
Bought by
Fee John and Fee Sharon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,500
Interest Rate
8%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Frank Alan $7,106,250 Old Republic National Title
Cerniglia Rosemarie -- --
Cerniglia Salvatore $475,000 --
Fee John $405,000 The Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Frank Alan $750,000
Previous Owner Fee John $297,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/20/2013 06/20/13 Sold $1,706,250 0.0% --
04/12/2013 04/12/13 Pending -- -- --
01/29/2013 01/29/13 For Sale $1,706,250 -- --
Source: South Jersey Shore Regional MLS

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 $20,170 $1,180,900 $881,300 $299,600
2024 $20,170 $1,180,900 $881,300 $299,600
Source: Public Records

Agents Affiliated with this Home

  • Mark Arbeit

    Seller's Agent in 2013

    Mark Arbeit

    MARKETPLACE REALTY

    (609) 402-5885

    17 in this area

    35 Total Sales

    Mark Arbeit
    Section Image
  • Mitch Tannehill

    Seller Co-Listing Agent in 2013

    Mitch Tannehill

    MARKETPLACE REALTY

    (609) 402-5895

    Mitch Tannehill
    Section Image
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Source: South Jersey Shore Regional MLS

MLS Number: 405904

South Jersey Shore Regional MLS

APN: 16-00015-0000-00010

New Jersey Atlantic County Margate City

08402

Not Listed for Sale

Detached

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