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112 North Jerome Avenue

112 North Jerome Avenue, Margate City, NJ 08402
Property in Margate City
Sold Nov 18, 2015
$365,000
$292,000 by Td Bank Na
Mortgage Due Dec 01, 2030
Sold Jan 21, 2014
$390,000
$312,000 by Santander Bank Na
Mortgage Due Feb 01, 2044
Local assessors in Margate City, NJ have categorized 112 North Jerome Avenue as a residential type of property. The home was built in 1958 and is 66 years old. The property's lot size has been calculated to be 3,751 square feet. The linear feet between the front and back of the lot was measured at 750 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 112 North Jerome Avenue has a total of 2,196 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. 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. The property was last sold in Nov 5, 2015 for $365,000. That's $166.21 per sqft. Prior to that sales transaction, the property was also sold in Jan 6, 2014 for $390,000. 112 North Jerome Avenue was last assessed in 2023. The total value of the property was assessed at $394,300. Specifically, the land the property is located on was valued at $268,500. While improvements on the property were assessed at a total of $125,800. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $6,222. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 3
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,751
  • Lot Size Depth Feet: 750
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,196
  • Building Area: 2,196
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,196
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.086
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : RATHOD CHANDRAKANT
  • Current Owner 2: RATHOD KOKILA
  • Previous Owner : KATZ RICHARD J
  • Previous Owner 2: KATZ ABBIE E
  • Owner Before Previous Owner: COYNE PHILLIP
  • Owner Before Previous Owner 2: COYNE SUSANNE
  • Ownership Rights Codes: Trustee/Conservator
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Margate City School District
  • Census Tract: 013101

Zoning

  • Zoning: S-30

Geography

  • Assessors Map Reference: TAX MAP 7
  • District: 16
  • Parcel: 16 00312- 02-00028
  • Block: 312.02
  • Lot: 28
  • Municipality: MARGATE CITY
  • Latitude: 39.3298
  • Longitude: -74.5058

    Address

  • Full Address: 112 N Jerome Ave
  • Address - House Number: 112
  • Street Direction: N
  • Address - Street Name: Jerome
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Margate City
  • Carrier Code: C091
  • 4-Digit Zip Code: 1518
  • Zip Code: 08402

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,222

    Appraisal Valuation

  • Standard Deviation: 0.2772
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 60
  • Final Value: 900,164
  • High Value: 1,149,736
  • Low Value: 650,593

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $292,000
  • First Open Lien Mortgage Lender: TD BANK NA
  • First Open Lien Mortgage Recording Date: Nov 18, 2015
  • First Open Lien Mortgage Loan Amount: $292,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2030

    Market Valuation

  • Market Total Value: $394,300
  • Market Land Value: $268,500
  • Market Improvement Value: $125,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $394,300
  • Assessed Land Value: $268,500
  • Assessed Improvements Value: $125,800

    Sales

  • Current Sale Contract Date: Nov 05, 2015
  • Current Sale Recording Date: Nov 18, 2015
  • Current Sale Transaction ID: 1481439589
  • Current Sale Price: $365,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 2015067187
  • Previous Sale Recording Date: Jan 21, 2014
  • Previous Sale Contract Date: Jan 06, 2014
  • Previous Sale Amount: $390,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: TD BANK NA
  • First Mortgage Transaction Date: Nov 18, 2015
  • First Mortgage Loan Amount: $292,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2030

    Previous Mortgages

  • Previous Mortgage Lender: SANTANDER BANK NA
  • Previous Mortgage Transaction Date: Jan 21, 2014
  • Previous Mortgage Loan Amount: $312,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Feb 01, 2044

About Margate City



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Frequently Asked Questions

What neighborhood is 112 North Jerome Avenue located in?
The 112 North Jerome Avenue is a located in the neighborhood of Margate City in Margate City, Margate City.
What is the average sales price for listings in 112 North Jerome Avenue?
The average sales price for units in 112 North Jerome Avenue is $0 currently.

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