NOT LISTED FOR SALE

Margate City, NJ 08402

Estimated Value: $874,000 - $2,342,000

5 Beds
4 Baths
2,583 Sq Ft
$730/Sq Ft Est. Value

Last Sold August 09, 2012

Last sale price $950,000 $368 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $11,541/month

48 Days on Market

Highlights

  • Newly Remodeled
  • Wood Flooring
  • Walk-In Closet
  • William H. Ross III Intermediate School Rated A-
  • Porch
  • Home Security System

About This Home

As of August 2012

New Construction in Magate's Parkway Section. Rare 5/6 Bedroom spacious house for under 1 million. Pick your colors, tile and kitchen before the building starts. Plans in office.

Last Agent to Sell the Property

Linda Novelli

Compass Real Estate-Margate Listed on: 01/13/2012

Compass Real Estate-Margate

Last Buyer's Agent

Linda Novelli

Compass Real Estate-Margate Listed on: 01/13/2012

Compass Real Estate-Margate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,276

Year Built

  • Built in 2012 | Newly Remodeled

Lot Details

  • Lot Dimensions are 41 x 80
  • Sprinkler System

Interior Spaces

  • 3-Story Property
  • Family Room with Fireplace
  • Storage
  • Laundry Room
  • Crawl Space

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • 4 Full Bathrooms

Home Security

  • Home Security System
  • Storm Screens
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Outdoor Shower
  • Porch

Utilities

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,276

Year Built

Built in 2012 | Newly Remodeled

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 3 Story
  • New Construction: Yes
  • Year Built: 2012
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Appliances: Disposal, Dishwasher, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven
  • Fireplace: Built-In, Family Room
  • Flooring: Hardwood, Tile, W/W Carpet
  • Interior Amenities: Carbon Monoxide Detector, Kitchen Center Island, Security System, Storage, Smoke/Fire Alarm, Walk In Closet
  • Bedrooms: 5
  • Full Bathrooms: 4
  • Basement: Crawl Space
  • Other Rooms: Laundry/Utility Room

Exterior Features

  • Outside Features: Curbs, Outside Shower, Porch, Sprinkler System
  • Storm Screens: Combination

Garage/Parking

  • Driveway: Concrete

Utilities

  • Air Conditioner: Central, Multi-Zoned
  • Heating: Forced Air, Gas-Natural, Hot Water, Multi-Zoned
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas

Lot Info

  • Lot Dimensions: 41 X 80
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2012
Closed on
Jul 31, 2012
Sold by
Romano Peter
Bought by
Rosen Robert and Rosen Barbara
Seller's Agent
Linda Novelli
Compass Real Estate-Margate
Buyer's Agent
Linda Novelli
Compass Real Estate-Margate
List Price
$950,000
Sold Price
$950,000
Current Estimated Value
$1,884,474

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$934,474
Avg. Annual Appreciation
5.38%
Original Mortgage
$760,000
Outstanding Balance
$525,641
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$1,358,834

Purchase Details

Closed on
Jan 20, 2012
Sold by
Romano Peter
Bought by
Romano Peter

Purchase Details

Closed on
Nov 7, 2011
Sold by
Estate Of Thomas J Brady and Brady Karen P
Bought by
Romano Peter

Purchase Details

Closed on
Jul 31, 2009
Sold by
Brady Thomas J and Brady Betty J
Bought by
Brady Thomas J
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
Rosen Robert $950,000 North American Title Agency
Romano Peter -- None Available
Romano Peter $630,000 First American Title Ins Co
Brady Thomas J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rosen Robert $760,000
Previous Owner Brady Thomas J $100,000
Previous Owner Brady Thomas J $23,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2012 08/09/12 Sold $950,000 0.0% $368 / Sq Ft
03/01/2012 03/01/12 Pending -- -- --
01/13/2012 01/13/12 For Sale $950,000 -- $368 / 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 $15,276 $894,400 $290,600 $603,800
2024 $15,276 $894,400 $290,600 $603,800
2023 $14,114 $894,400 $290,600 $603,800
2022 $14,114 $894,400 $290,600 $603,800
2021 $13,917 $894,400 $290,600 $603,800
2020 $13,845 $894,400 $290,600 $603,800
2019 $13,792 $894,400 $290,600 $603,800
2018 $13,979 $894,400 $290,600 $603,800
2017 $13,997 $894,400 $290,600 $603,800
2016 $13,523 $894,400 $290,600 $603,800
2015 $13,309 $894,400 $290,600 $603,800
2014 $13,058 $894,400 $290,600 $603,800
Source: Public Records

Agents Affiliated with this Home

  • Linda Novelli

    Seller's Agent in 2012

    Linda Novelli

    Compass Real Estate-Margate

    (609) 839-3715

    84 in this area

    172 Total Sales

    Linda Novelli
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Source: South Jersey Shore Regional MLS

MLS Number: 388741

South Jersey Shore Regional MLS

APN: 16-00313-01-00008-02

New Jersey Atlantic County Margate City

08402

This home since 13 January 2012 and is currently estimated at $1,884,474, approximately $729 per square foot. This property was built in 2012. 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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