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103 North Belmont Avenue

103 North Belmont Avenue, Margate City, NJ 08402
Sold Aug 10, 2021
$650,000
$520,000 by Citizens Bank Na
Mortgage Due Jun 01, 2051
Sold Mar 31, 2016
$337,000
$212,000 by Branch Banking And Trust Co
Mortgage Due Apr 01, 2046
Local assessors in Margate City, NJ have categorized 103 North Belmont Avenue as a residential type of property. The home was built in 1979 and is 45 years old. The property's lot size has been calculated to be 2,500 square feet. The linear feet between the front and back of the lot was measured at 500 ft and the front of the lot was measured at 500 ft. This is a 3 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 103 North Belmont Avenue has a total of 1,440 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. There is only one available parking space, so if you need more, you may need to find some alternatives. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 103 North Belmont Avenue sold most recently in May 14, 2021 for a total of $650,000. If you work out the math, that's approximately a cost of $451.39 per sqft. Before that, the property was also sold for $337,000 in Mar 24, 2016. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $5,127 in taxes each year. 103 North Belmont Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $324,900. If we break it down further, the land itself was valued at $214,200. Improvements to the property, however, were assessed at a total of $110,700. The property's total market value has been marked the same as the total assessed value which is pretty typical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Concrete Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 3
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 2,500
  • Lot Size Depth Feet: 500
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,440
  • Building Area: 1,440
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,440
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.057
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : SALKIN LEON
  • Current Owner 2: SALKIN LORI
  • Previous Owner : SADEK BRAD
  • Previous Owner 2: SADEK ELIZABETH
  • Owner Before Previous Owner: AARON ESTHER MARSHA SZERMER
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Margate City School District
  • Census Tract: 013000

Zoning

  • Zoning: S-25

Geography

  • Assessors Map Reference: TAX MAP 8
  • District: 16
  • Parcel: 16 00302- 01-00002
  • Block: 302.01
  • Lot: 2
  • Municipality: MARGATE CITY
  • Latitude: 39.335
  • Longitude: -74.4958

    Address

  • Full Address: 103 N Belmont Ave
  • Address - House Number: 103
  • Street Direction: N
  • Address - Street Name: Belmont
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Margate City
  • Carrier Code: C085
  • 4-Digit Zip Code: 2105
  • Zip Code: 08402

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,127

    Appraisal Valuation

  • Standard Deviation: 0.275
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 60
  • Final Value: 778,929
  • High Value: 993,147
  • Low Value: 564,710

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $520,000
  • First Open Lien Mortgage Lender: CITIZENS BANK NA
  • First Open Lien Mortgage Recording Date: Aug 10, 2021
  • First Open Lien Mortgage Loan Amount: $520,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2051

    Market Valuation

  • Market Total Value: $324,900
  • Market Land Value: $214,200
  • Market Improvement Value: $110,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $324,900
  • Assessed Land Value: $214,200
  • Assessed Improvements Value: $110,700

    Sales

  • Current Sale Contract Date: May 14, 2021
  • Current Sale Recording Date: Aug 10, 2021
  • Current Sale Transaction ID: 11854995279
  • Current Sale Price: $650,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021048475
  • Previous Sale Recording Date: Mar 31, 2016
  • Previous Sale Contract Date: Mar 24, 2016
  • Previous Sale Amount: $337,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: CITIZENS BANK NA
  • First Mortgage Transaction Date: Aug 10, 2021
  • First Mortgage Loan Amount: $520,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: BRANCH BANKING AND TRUST CO
  • Previous Mortgage Transaction Date: Mar 31, 2016
  • Previous Mortgage Loan Amount: $212,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Apr 01, 2046

About Margate City



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Nearby Rentals

Unit for rent at

$16,500 /mo

  • 3 Beds
  • 1.5 Baths
  • 1,800 ft²
Listing by SUZANNE STRAUSS LAWLER
Unit for rent at

$15,000 /mo

  • 3 Beds
  • 1.5 Baths
Listing by DANA HARTMAN
Unit for rent at

$15,000 /mo

  • 2 Beds
  • 1.5 Baths
Listing by Austin Dillon
Unit for rent at

$15,000 /mo

  • 2 Beds
  • 2 Baths
Listing by MARYANNE SAVITCH
Unit for rent at

$15,000 /mo

  • 3 Beds
  • 2 Baths
Listing by PAULA HARTMAN
Unit for rent at

$15,000 /mo

  • 3 Beds
  • 2 Baths
Listing by GLENN PETSCH
Unit for rent at

$15,000 /mo

  • 3 Beds
  • 2 Baths
Listing by JUDI COHEN

Frequently Asked Questions

What neighborhood is 103 North Belmont Avenue located in?
The 103 North Belmont Avenue is a house located in the neighborhood of Margate City in Margate City, Margate City.
What is the average sales price for listings in 103 North Belmont Avenue?
The average sales price for units in 103 North Belmont Avenue is $729,000 , or $506/sqft. currently.

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