NOT LISTED FOR SALE

Margate City, NJ 08402

Estimated Value: $1,622,454 - $2,329,000

5 Beds
4 Baths
866 Sq Ft
$2,209/Sq Ft Est. Value

Last Sold July 12, 2013

Last sale price $765,000 $883 Per Sq Ft

Est. 150% increase in value since last sale

Current estimated payment $10,986/month

138 Days on Market

Highlights

  • New Construction
  • Deck
  • Great Room
  • William H. Ross III Intermediate School Rated A-
  • Wood Flooring
  • 3-minute walk to Ross School Playground

About This Home

As of July 2013

In the heart of Margate, just 3.5 blocks to the beach, this BRAND new home will have it all! The home features a large covered front porch, fenced backyard, detached garage plus 2 car parking. Other highlights include H/W floors, a large living room & separate dining area, chef's kitchen w/granite counter tops & SS appliances, tank less hot water heater & 1st floor BR w/full BA. The 2nd floor has 3 BR including a master BR suite w/private balcony. This house has a 3rd floor w/BR, bonus room & 4th full BA.

Last Agent to Sell the Property

Mark Arbeit

NEW ERA REAL ESTATE-B Listed on: 10/01/2012

NEW ERA REAL ESTATE-B

Last Buyer's Agent

Mark Arbeit

NEW ERA REAL ESTATE-B Listed on: 10/01/2012

NEW ERA REAL ESTATE-B

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,437

Lot Details

  • Lot Dimensions are 46 x 67.5
  • Fenced
  • Sprinkler System

Home Design

  • New Construction
  • Vinyl Siding
  • Stone Exterior Construction

Interior Spaces

  • 3-Story Property
  • Ceiling Fan
  • Insulated Windows
  • Great Room
  • Den
  • Storage
  • Laundry Room
  • Crawl Space
  • Storage In Attic
  • Storm Screens

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
  • 4 Full Bathrooms

Outdoor Features

  • Outdoor Shower
  • Deck
  • Porch

Utilities

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,437

Lot Details

0

Listing Details

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

Interior Features

  • Appliances: Disposal, Dishwasher, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven
  • Flooring: Hardwood, Tile, W/W Carpet
  • Interior Amenities: Kitchen Center Island, Storage, Walk In Closet
  • Bedrooms: 5
  • Full Bathrooms: 4
  • Basement: Crawl Space
  • Other Rooms: Den/Tv Room, Eat In Kitchen, Great Room, Laundry/Utility Room, Storage Attic

Exterior Features

  • Outside Features: Deck, Fenced Yard, Outside Shower, Porch, Sidewalks, Sprinkler System
  • Siding Exterior: Stone, Vinyl
  • Storm Screens: Insulated Glass, Screens

Garage/Parking

  • Driveway: Concrete

Utilities

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

Lot Info

  • Lot Dimensions: 46 x 67.5
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2012
Closed on
Jul 12, 2013
Sold by
Arbeit Mark and Tannehill Terence Mitchell
Bought by
Weinraub Lester G and Weinraub Donna F
Seller's Agent
Mark Arbeit
NEW ERA REAL ESTATE-B
Buyer's Agent
Mark Arbeit
NEW ERA REAL ESTATE-B
List Price
$765,000
Sold Price
$765,000
Current Estimated Value
$1,912,864

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,147,864
Avg. Annual Appreciation
7.74%
Original Mortgage
$300,000
Outstanding Balance
$69,474
Interest Rate
3.54%
Mortgage Type
New Conventional
Estimated Equity
$1,843,390

Purchase Details

Listed on
Jun 26, 2012
Closed on
Jun 26, 2012
Sold by
Martinelli Gregory and Covello Seana P
Bought by
Arbeit Mark and Tannehill Terence Mitchell
Seller's Agent
Mark Arbeit
NEW ERA REAL ESTATE-B
Buyer's Agent
Mark Arbeit
NEW ERA REAL ESTATE-B
List Price
$335,000
Sold Price
$335,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
121.22%
Original Mortgage
$251,250
Interest Rate
3.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 4, 2007
Sold by
Mayes Gregory L and Mayes Suzanne S
Bought by
Martinelli Gregory and Covello Seana P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 16, 2004
Sold by
Brown Sharon J
Bought by
Mayes Gregory L and Mayes Suzanne S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
6.28%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 7, 2000
Sold by
Brown Bruce B
Bought by
Brown Sharon J
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
Weinraub Lester G $765,000 Old Republic National Title
Arbeit Mark $335,000 Title Resource Guaranty Comp
Martinelli Gregory $350,000 Surety Title Agency Of Atlan
Mayes Gregory L $300,000 --
Brown Sharon J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Weinraub Lester G $300,000
Previous Owner Arbeit Mark $251,250
Previous Owner Martinelli Gregory $280,000
Previous Owner Mayes Gregory L $270,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/12/2013 07/12/13 Sold $765,000 0.0% $883 / Sq Ft
02/16/2013 02/16/13 Pending -- -- --
10/01/2012 10/01/12 For Sale $765,000 +128.4% $883 / Sq Ft
06/26/2012 06/26/12 Sold $335,000 0.0% $387 / Sq Ft View Prior Sale
06/26/2012 06/26/12 Pending -- -- --
06/26/2012 06/26/12 For Sale $335,000 -- $387 / 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 $11,437 $669,600 $242,700 $426,900
2024 $11,437 $669,600 $242,700 $426,900
2023 $10,566 $669,600 $242,700 $426,900
2022 $10,566 $669,600 $242,700 $426,900
2021 $10,419 $669,600 $242,700 $426,900
2020 $10,365 $669,600 $242,700 $426,900
2019 $10,325 $669,600 $242,700 $426,900
2018 $10,466 $669,600 $242,700 $426,900
2017 $10,479 $669,600 $242,700 $426,900
2016 $10,124 $669,600 $242,700 $426,900
2015 $9,964 $669,600 $242,700 $426,900
2014 $9,776 $669,600 $242,700 $426,900
Source: Public Records

Agents Affiliated with this Home

  • Mark Arbeit

    Seller's Agent in 2013

    Mark Arbeit

    RE/MAX Platinum Properties

    (609) 402-5885

    23 in this area

    45 Total Sales

    Mark Arbeit
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Source: South Jersey Shore Regional MLS

MLS Number: 401532

South Jersey Shore Regional MLS

APN: 16-00310-01-00002

New Jersey Atlantic County Margate City

08402

This home since 01 October 2012 and is currently estimated at $1,912,864, approximately $2,208 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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