See Home Value
$3,858,171*
House - Off Market

512 N Union Ave

Margate, NJ 08402
bedrooms
5 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
3723 Sqft
$2,429,000 - $2,967,000
Reference Base Price*
43.00%
Since Apr 1, 2020
National-US
Primary Model
Sold Feb 19, 2020
$2,500,000
$950,000 by Bank Of America Na
Mortgage Due Feb 01, 2050
Sold May 29, 2013
$2,300,000

About This Property

Situated on one of Margate's coveted bay-front properties, this spectacular 3, 723-square-foot Mediterranean-style home boasts sophisticated amenities alongside awe-inspiring water views from nearly every room. The entry of this five bedroom, four and half bathroom home opens onto a living room area with sweeping views of Margate Bay and a sophisticated wood and marble bar with a kitchen pass- through that's perfect for entertaining. The adjoined chef's kitchen has the highest-end appliances including a Bertazzoni stove and a Sub-Zero refrigerator, as well as a wine refrigerator, two dishwashers, and two warming drawers. The breakfast room connects to the homes glorious outdoor living space, where a cozy lanai and a covered outdoor dining area lead to four generous boat slips where the tide never dips below 18 feet. The homes upper floors give way to spaces for quiet retreat, like a family room with high ceilings and beautiful exposed beams , floor-to-ceiling built-in bookshelves, and a commanding gas fireplace. The master suite has soothing views onto the bay and an en suite bathroom with an oversized dual-vanity and large glass -enclosed shower. In addition to its high-end finishes, the home come with practical amenities like electric awnings, solar-tinted windows , a powerful generator, an attached garage and temperature-controlled crawl space with sump pumps. This is the perfect home for anyone who values functionality yet covets a dream waterfront location.

The manager has listed the unit size as 3723 square feet.
Unit Size
3,723Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$725
Property Type
House
Property Taxes
$25,861
HOA Dues
-
Year Built
1982

Price History

Date / Event Date Event Price
Mar 10, 2020 No longer available -
No longer available
Feb 19, 2020 Sold to Daniel Schwartz, Paula Schw... $2,500,000
Sold to Daniel Schwartz, Paula Schw...
Jan 29, 2020 Relisted $2,698,000
Relisted
Jan 27, 2020 No longer available -
No longer available
Jun 2, 2019 No longer available -
No longer available
Show More

Property Highlights

Fireplace
Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 1982
  • Effective Year Built: 1982
  • 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: 6,752
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 675
  • Total Building Area: 3,122
  • Building Area: 3,122
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,122
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.155
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ADDITIONAL LOTS: 9.01

Ownership

  • Current Owner : SCHWARTZ DANIEL
  • Current Owner 2: SCHWARTZ PAULA
  • Previous Owner : GLASS CARLA
  • Owner Before Previous Owner: BUCHALSKI MARTIN B
  • Owner Before Previous Owner 2: BUCHALSKI DEBRA
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Margate City School District
  • Census Tract: 013102

Zoning

  • Zoning: 40WF

Geography

  • Assessors Map Reference: TAX MAP 13
  • District: 16
  • Parcel: 16 00623-0000-00009
  • Block: 623
  • Lot: 9
  • Municipality: MARGATE CITY
  • Latitude: 39.3306
  • Longitude: -74.5165

    Address

  • Full Address: 512 N Union Ave
  • Address - House Number: 512
  • Street Direction: N
  • Address - Street Name: Union
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Margate City
  • Carrier Code: C093
  • 4-Digit Zip Code: 1236
  • Zip Code: 08402

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $26,110

    Appraisal Valuation

  • Standard Deviation: 0.2537
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 64
  • Final Value: 2,563,253
  • High Value: 3,213,577
  • Low Value: 1,912,928

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $950,000
  • First Open Lien Mortgage Lender: BANK OF AMERICA NA
  • First Open Lien Mortgage Recording Date: Feb 19, 2020
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $950,000
  • 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: Feb 01, 2050

    Market Valuation

  • Market Total Value: $1,654,600
  • Market Land Value: $809,200
  • Market Improvement Value: $845,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,654,600
  • Assessed Land Value: $809,200
  • Assessed Improvements Value: $845,400

    Sales

  • Current Sale Contract Date: Jan 30, 2020
  • Current Sale Recording Date: Feb 19, 2020
  • Current Sale Transaction ID: 11754503427
  • Current Sale Price: $2,500,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2020009962
  • Previous Sale Recording Date: May 29, 2013
  • Previous Sale Contract Date: May 13, 2013
  • Previous Sale Amount: $2,300,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF AMERICA NA
  • First Mortgage Transaction Date: Feb 19, 2020
  • First Mortgage Loan Amount: $950,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2050

    Financing

  • First Mortgage Financing Type: Adjustable Rate



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
5 Beds
6 Baths
3,808 ft²
$604/ft²
$2,300,000 Oct 1, 2015
$2,300,000 Aug 31, 2016
-
House
5 Beds
5 Baths
4,979 ft²
$442/ft²
$2,200,000 Oct 6, 2019
$2,200,000 Jan 24, 2020
-
House
4 Beds
3 Baths
2,269 ft²
$1,223/ft²
$2,775,000 Jul 3, 2023
$2,775,000 Sep 28, 2023
-
House
5 Beds
5.5 Baths
3,650 ft²
$822/ft²
$2,998,500 Aug 22, 2023
-
-
House
5 Beds
4.5 Baths
-
$2,489,000 Sep 29, 2023
-
-
House
5 Beds
4.5 Baths
-
$2,299,000 Jul 17, 2023
-
-
House
5 Beds
5.5 Baths
-
$2,799,000 Aug 23, 2023
-
-
House
5 Beds
4.5 Baths
-
$2,550,000 Feb 2, 2023
-
-
House
5 Beds
4.5 Baths
-
$2,400,000 Jul 31, 2023
-
-
House
6 Beds
6 Baths
-
$2,950,000 Oct 20, 2023
-
-

About Margate City


Similar Homes for Sale

Unit for sale at 101 North Sumner Avenue, Margate, NJ 08402

$2,950,000

  • 6 Beds
  • 6 Baths
101 North Sumner Avenue, Margate, NJ 08402 Listing by ALFI NAIM
Unit for sale at 312 North Union Avenue, Margate, NJ 08402

$2,400,000

  • 5 Beds
  • 4.5 Baths
312 North Union Avenue, Margate, NJ 08402 Listing by TROY ROSENZWEIG
Unit for sale at 222 North Sumner Avenue, Margate, NJ 08402

$2,550,000

  • 5 Beds
  • 4.5 Baths
222 North Sumner Avenue, Margate, NJ 08402 Listing by PAULA HARTMAN

Nearby Rentals

Unit for rent at 9504 Amherst Ave, Margate, NJ, 08402

$3,500 /mo

  • 2 Beds
  • 1.5 Baths
9504 Amherst Ave, Margate, NJ, 08402 Listing by Arthur Carr Jr
Unit for rent at 120 S 12th Ave Ave, Longport, NJ, 08403

$3,500 /mo

  • 4 Beds
  • 3.5 Baths
120 S 12th Ave Ave, Longport, NJ, 08403 Listing by ROBIN GORDON
Unit for rent at 7611 Ventnor Ave, MARGATE CITY, NJ, 08402

$3,500 /mo

  • 6 Beds
  • 4 Baths
  • 2,717 ft²
7611 Ventnor Ave, MARGATE CITY, NJ, 08402 Listing by RH Advisors Bright


Frequently Asked Questions

When was property at 512 North Union Avenue built and last sold?
The property at 512 North Union Avenue was built in 1982 and last sold on Jan 30, 2020 for $2,500,000.
How much is this home worth?
The estimated value of the home located at 512 North Union Avenue is $2,709,993.
What are some comparable homes to 512 North Union Avenue?
There are currently no comparable homes to 512 North Union Avenue.

Quantcast