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16 North Jasper Avenue

16 North Jasper Avenue, Margate City, NJ 08402
Property in Margate City
Sold May 16, 2012
$598,750
$417,000 by Vantage Point Bank
Mortgage Due Jun 01, 2027
Sold Nov 06, 2009
$580,000
16 North Jasper Avenue in Margate City, NJ was first built in 1925 and is 99 years old. This has been categorized as a residential property type. There are a total of 2 floors. 16 North Jasper Avenue has 1,881 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 400 ft and the linear feet between the front and back of the lot is 675. In total, the area measurement of the land is 2,701 square feet.

Learn more about the property and building on this page. For those who need parking, there is a garage. There is one available parking space. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the 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, 16 North Jasper Avenue sold most recently in May 11, 2012 for a total of $598,750. If you work out the math, that's approximately a cost of $318.31 per sqft. Before that, the property was also sold for $580,000 in Nov 5, 2009. 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 $6,817 in taxes each year. 16 North Jasper Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $432,000. If we break it down further, the land itself was valued at $292,200. Improvements to the property, however, were assessed at a total of $139,800. The property's total market value has been marked the same as the total assessed value which is pretty typical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 2,701
  • Lot Size Depth Feet: 675
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,881
  • Building Area: 1,881
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,881
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.062
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : STRAUSS EDWARD
  • Current Owner 2: STRAUSS DEBRA S
  • Previous Owner : STARKMAN ERIC
  • Previous Owner 2: STARKMAN WENDY
  • Owner Before Previous Owner: OLBRICH THOMAS J
  • Owner Before Previous Owner 2: OLBRICH LAUREN A
  • 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 7
  • District: 16
  • Parcel: 16 00212- 01-00007
  • Block: 212.01
  • Lot: 7
  • Municipality: MARGATE CITY
  • Latitude: 39.329
  • Longitude: -74.5039

    Address

  • Full Address: 16 N Jasper Ave
  • Address - House Number: 16
  • Street Direction: N
  • Address - Street Name: Jasper
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Margate City
  • Carrier Code: C088
  • 4-Digit Zip Code: 1510
  • Zip Code: 08402

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,817

    Appraisal Valuation

  • Standard Deviation: 0.275
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 60
  • Final Value: 1,006,917
  • High Value: 1,283,836
  • Low Value: 729,998

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $417,000
  • First Open Lien Mortgage Lender: VANTAGE POINT BANK
  • First Open Lien Mortgage Recording Date: May 16, 2012
  • First Open Lien Mortgage Loan Amount: $417,000
  • 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: Jun 01, 2027

    Market Valuation

  • Market Total Value: $432,000
  • Market Land Value: $292,200
  • Market Improvement Value: $139,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $432,000
  • Assessed Land Value: $292,200
  • Assessed Improvements Value: $139,800

    Sales

  • Current Sale Contract Date: May 11, 2012
  • Current Sale Recording Date: May 16, 2012
  • Current Sale Transaction ID: 1107112991
  • Current Sale Price: $598,750
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 2012030701
  • Previous Sale Recording Date: Nov 06, 2009
  • Previous Sale Contract Date: Nov 05, 2009
  • Previous Sale Amount: $580,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: VANTAGE POINT BANK
  • First Mortgage Transaction Date: May 16, 2012
  • First Mortgage Loan Amount: $417,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2027

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Frequently Asked Questions

What neighborhood is 16 North Jasper Avenue located in?
The 16 North Jasper Avenue is a located in the neighborhood of Margate City in Margate City, Margate City.
What is the average sales price for listings in 16 North Jasper Avenue?
The average sales price for units in 16 North Jasper Avenue is $0 currently.

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