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$1,799,000

Beds
3
Baths
2.5
sq ft
1,264

111 S Decatur Ave Unit A, Margate City, NJ 08402

111 S Decatur Ave Unit A

MARGATE CITY, NJ 08402

  • 247 days on market
    • Price drop $50,000↓
Breathtaking Oceanfront Living. Indulge in the epitome of coastal luxury with this stunning 3-story contemporary condo boasting 3 bedrooms, 2.5 baths, and direct beach access in the prestigious Margate area. Step into a realm of modern sophistication where chic interior design meets natural finishes, creating an ambiance that revitalizes the senses. Nestled adjacent to iconic landmarks such as "Lucy the Elephant" and Ventura's Greenhouse, this residence offers more than just a home—it's a gateway to a vibrant lifestyle. Casual dining, shopping, and pristine, protected beaches are mere moments away, promising the quintessential island vacation experience. Designed to prioritize comfort and privacy, the layout ensures ample space for both family and guests to unwind and create lasting memories. Savor breathtaking views from the expansive rooftop deck, complete with a wet bar—ideal for entertaining under the evening sky or soaking up the morning sun in blissful solitude. Enjoy a garage for parking and two additional storage areas, providing ample space for all your beach essentials. Beyond its allure as a dream home, this property presents a lucrative investment opportunity, whether as a vacation rental or a permanent residence. Don't miss your chance to experience the magic of oceanfront living in Margate—schedule your viewing today!

Details

Property type

Duplex

Est. home value

$2,224,870

Lot size

Unknown

Price per sq ft

$1,424

Year built

1987

Annual property taxes

$12,619

HOA

No

Price History

07/19/2024
Bright

Bright #NJAC2012156

Price change
$1,799,000
-2.7%
06/19/2024
Bright

Bright #NJAC2012156

Price change
$1,849,000
-2.63%
04/19/2024
Bright

Bright #NJAC2012156

Listed
$1,899,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

MARGATE CITY SCHOOLS

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$714,772
Asking price
$1,799,000
Closing costs (~8% of asking)
-$143,920
Est. remaining loan balance
-$940,308
Cash to seller
$714,772

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Republic First Bank

Loan start date

August 2021

Original loan amount

$1,012,500

Est. remaining balance

$940,308

Interest rate

2.9%

Loan type

New Conventional, 30 year

Seller

Allen Spivak and Roberta Spivak

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/22/2024 at 6:20 AM

Listing updated: 10/09/2024 at 3:46 PM

Listed by: Mary Louise Ferry, Farley & Ferry Realty Inc Phone #: (609) 822-1836

MLS: Bright #NJAC2012156

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