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8 South Andover Avenue

8 South Andover Avenue, Margate City, NJ 08402
Property in Margate City
Sold Sep 21, 2020
$710,000
$450,000 by Mid Penn Bank
Mortgage Due Oct 01, 2050
Sold Jun 28, 1999
$250,000
$200,000 by Ocean City Home Bank
Mortgage Due Jul 01, 2029
8 South Andover 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. 8 South Andover Avenue has 2,154 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 625. In total, the area measurement of the land is 2,500 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 8 South Andover Avenue was last sold in Aug 25, 2020 for $710,000. According to our calculations, that's $329.62 per sqft. Prior to that sales transaction, the property was sold for $250,000 in Jun 18, 1999. Current property owners are expected to pay $9,585 in taxes per year. The property on 8 South Andover Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $607,400. To break that down further, the land itself was valued at $379,200. While improvements to the property were assessed at a total of $228,200. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. 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.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or 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: 2,500
  • Lot Size Depth Feet: 625
  • Lot Size Frontage Feet: 400
  • Total Building Area: 2,154
  • Building Area: 2,154
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,154
  • 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 : ERLBAUM SCOTT D
  • Current Owner 2: ERLBAUM LEE ANN
  • Previous Owner : TEICHHOLZ HENRY A
  • Previous Owner 2: TEICHHOLZ JULIE A
  • Owner Before Previous Owner: SINDONI FRANK W
  • Owner Before Previous Owner 2: SINDONI EDMUND
  • 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 1
  • District: 16
  • Parcel: 16 00101- 02-00021
  • Block: 101.02
  • Lot: 21
  • Municipality: MARGATE CITY
  • Latitude: 39.3323
  • Longitude: -74.4931

    Address

  • Full Address: 8 S Andover Ave
  • Address - House Number: 8
  • Street Direction: S
  • Address - Street Name: Andover
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Margate City
  • Carrier Code: C085
  • 4-Digit Zip Code: 2802
  • Zip Code: 08402

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $9,585

    Appraisal Valuation

  • Standard Deviation: 0.275
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 60
  • Final Value: 1,166,685
  • High Value: 1,487,542
  • Low Value: 845,827

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $450,000
  • First Open Lien Mortgage Lender: MID PENN BANK
  • First Open Lien Mortgage Recording Date: Sep 21, 2020
  • First Open Lien Mortgage Loan Amount: $450,000
  • 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: Oct 01, 2050

    Market Valuation

  • Market Total Value: $607,400
  • Market Land Value: $379,200
  • Market Improvement Value: $228,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $607,400
  • Assessed Land Value: $379,200
  • Assessed Improvements Value: $228,200

    Sales

  • Current Sale Contract Date: Aug 25, 2020
  • Current Sale Recording Date: Sep 21, 2020
  • Current Sale Transaction ID: 11799108006
  • Current Sale Price: $710,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2020048091
  • Previous Sale Recording Date: Jun 28, 1999
  • Previous Sale Contract Date: Jun 18, 1999
  • Previous Sale Amount: $250,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: MID PENN BANK
  • First Mortgage Transaction Date: Sep 21, 2020
  • First Mortgage Loan Amount: $450,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: OCEAN CITY HOME BANK
  • Previous Mortgage Transaction Date: Jun 28, 1999
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $200,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Jul 01, 2029

About Margate City



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Frequently Asked Questions

What neighborhood is 8 South Andover Avenue located in?
The 8 South Andover Avenue is a located in the neighborhood of Margate City in Margate City, Margate City.
What is the average sales price for listings in 8 South Andover Avenue?
The average sales price for units in 8 South Andover Avenue is $0 currently.

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