$3,349,000 Price Analysis    ♡   Margate, NJ 08402 10 bed 0 bath unknown SqFt ($0/SqFt) 0.38 acre lot. Built 1955 Listed 2023-05-11, Taxes $11,341 | Ⓧ USDA Ineligible due to price & location near Margate City |
Margate Investment and or Development Project!!
* Sale Pending *Currently an Apartment complex consisting of 11 residential units. 10 one bedroom units and one efficiency. Laundry room on site and all units include a balcony and or porch. Elect ric heat paid by tenancy. Lease information available in associate documents. The complex sits on a lot 131 X125 close to bay and popular fine dining. Margate zoning officials have confirmed from a development perspective in WSD zone the permitted property developed allows fr 7 townhomes with commercial below approximately 2000 square ft or possibly 5 single family homes @3200 square ft each.
Use variance may be required for either. We recommend buyer reviews their plan with zoning. The location welcomes new construction and is an awe-inspiring opportunity in an extremely sought after location and trending neighborhood. Manifest your design strategy in Margate!
Presented by Mary Lou at
Farley And Ferry Realty, INC.
Property MLS #573902 from AtlanticCity
Parking Features: Three or More Car Exterior Parking
Lot Size Dimensions: 131 X 125
Lot Size Square Feet: 16375
Number of 1 Bedroom Units: 10
Source Listing Status: Under Contract
County: Atlantic
Directions: Corner of Washington & Monmouth
Tax Year: 2022
Source Property Type: MULTI-FAMILY
Insurance Expense: 7912
Area: Margate City
Source Neighborhood: Margate City
New Taxes Expense: 11341
Property Subtype: 11 - 20 Units
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $111,000 + $607,700 $718,700 | $11,341 |
| 2021 | $111,000 + $607,700 $718,700 | $11,182 |
| 2020 | $111,000 + $607,700 $718,700 | $11,125 |
| 2019 | $111,000 + $607,700 $718,700 | $11,082 |
| 2018 | $111,000 + $607,700 $718,700 | $11,233 |
| 2017 | $111,000 + $607,700 $718,700 | $11,247 |
| 2016 | $111,000 + $607,700 $718,700 | $10,866 |
| 2015 | $111,000 + $607,700 $718,700 | $10,694 |
| 2014 | $111,000 + $607,700 $718,700 | $10,493 |
| 2013 | $111,000 + $726,400 $837,400 | $12,259 |
| 2012 | $111,000 + $726,400 $837,400 | $11,497 |
| 2011 | $111,000 + $726,400 $837,400 | $11,170 |
| 2009 | $111,000 + $726,400 $837,400 | $10,442 |
| 2008 | $111,000 + $726,400 $837,400 | $10,132 |
| 2007 | $111,000 + $726,400 $837,400 | $9,881 |
$3,349,000
AtlanticCity
Price Changed 2024-01-02
$3,399,000
AtlanticCity
Relisted 2023-11-06
$3,499,000
AtlanticCity
Listing removed 2023-11-05
$3,499,000
AtlanticCity
Price Changed 2023-10-16
$3,499,000
AtlanticCity
Price Changed 2023-09-22
$3,675,000
AtlanticCity
Price Changed 2023-07-08
$3,700,000
AtlanticCity
Price Changed 2023-06-28
$3,850,000
AtlanticCity
Listed 2023-05-11
$3,995,000
AtlanticCity
Listing removed 2023-02-01
$1,200
BrightMLS
Listed for rent 2022-12-13
$1,200
BrightMLS
Listing removed 2021-06-15
$925
AtlanticCity
Listed for rent 2018-05-12
$950
AtlanticCity
Listing removed 2018-05-10
$950
AtlanticCity
Price Changed for rent 2017-03-28
$950
AtlanticCity
Listed for rent 2017-03-14
$900
AtlanticCity
Sold 1982-01-01
$200,533
Public Record
Sold 1977-11-01
$150,000
Public Record
Property Age: 69
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.