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Sold for $1,695,000
  • $1,695,000

    7 S Hanover Ave, Margate, NJ 08402

    4beds
    2,240sqft
    Single Family Residence
    Built in 1925
    2,718.75 Square Feet Lot
    $1,733,900 Zestimate®
    $757/sqft
    $5,146 Estimated rent

    Home value

    $1,733,900

    $1.54M - $1.94M

    $5,146/mo

    Zestimate® history
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    $5,146/mo

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    $12,031/mo

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    $12,031/mo

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    What's special

    Basement provides additional storageBeautiful hardwood floorsQuiet rarely traveled streetEnclosed outdoor showerSmall bonus roomGenerously sized bedroomsGreat deck for entertaining
    SOUTHSIDE SINGLE-FAMILY HOME WITH ENDLESS POTENTIAL! Located on the south side in Margate’s highly sought-after Down Beach Section, this home is tucked away on a quiet, rarely traveled street just 8 houses to the beach. Enjoy the perfect blend of convenience and coastal tranquility—only a short stroll to Casels, Starbucks, shopping, and Margate’s best restaurants, yet set on one of the area’s most peaceful streets. This spacious home offers 4 bedrooms, 3 full baths, and 2,240 sq ft of living space, plus additional flexible rooms that enhance both function and future potential. In addition to the main living room, the property features a separate den/family room, ideal for a TV room, playroom, or secondary gathering space. There is also a small bonus room that could serve as a 5th bedroom, home office, or den, depending on your needs. Beautiful hardwood floors, a bright open living area, and generously sized bedrooms create a warm and inviting interior. The primary suite includes an updated private bath and its own balcony—perfect for morning coffee or evening relaxation. Outside, enjoy a great deck for entertaining, an enclosed outdoor shower, a storage shed, and off-street parking for three cars on a parking pad. A basement provides additional storage for all your beach gear. Outstanding redevelopment opportunity: With its prime southside location and desirable lot, the property offers potential for a new three-story custom home with a private pool (buyer to confirm with local zoning). Whether you’re a builder, investor, or end-user looking to create a signature beach retreat, the possibilities are exceptional. Enjoy the home as-is, renovate to your taste, or build new—this southside Margate gem checks every box. Call today for a private showing.

    Zillow last checked:

    Listing updated:

    Listed by:

    WILLIAM GODFREY 609-780-7363,

    MARR AGENCY

    Bought with:

    WILLIAM GODFREY, 9701105

    Source: SJSRMLS,MLS#: 603015MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Forced Air, Natural Gas
    Cooling
    • Ceiling Fan(s), Central Air
    Features
    • Flooring: Hardwood, Tile, W/W Carpet
    • Basement: 6 Ft. or More Head Room,Inside Entrance,Slab,Unfinished
    • Has fireplace: No
    Interior area
    • Total structure area: 2,240
    • Total interior livable area: 2,240 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: None
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Deck, Porch
    • Exterior features: Deck, Fenced Yard, Outdoor Shower, Porch, Shed, Sprinkler System
    • Fencing: Fenced
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    Lot
    • Size: 2,718 sqft
    • Dimensions: 43.5 x 62.5
    Details
    • Additional structures: Shed
    • Parcel number: 9

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Foundation: Slab
    Condition
    • New construction: No
    • Year built: 1925

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Margate

    Other

    Other facts
    • Available date: 12/10/2025

    Price history

    DateEventPrice
    3/9/2026Sold$1,695,000-5.8%$757/sqft
    Source: SJSRMLS #603015 Report a problem
    1/6/2026Pending sale$1,799,000$803/sqft
    Source: SJSRMLS #603015 Report a problem
    12/10/2025Price change$1,799,000-5.3%$803/sqft
    Source: SJSRMLS #603015 Report a problem
    9/18/2024Listed for sale$1,899,000+899.5%$848/sqft
    Source: SJSRMLS #589196 Report a problem
    11/17/1993Sold$190,000$85/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$9,659 $565,500
    2024$9,659 +3.5%$565,500
    2023$9,331 +6%$565,500
    2022$8,799 +0.5%$565,500
    2021$8,754 +0.4%$565,500
    2020$8,720 +31.6%$565,500
    2019$6,626 $565,500
    2018$6,626 -1.3%$565,500
    2017$6,712 -20.2%$565,500
    2016$8,415 +1.9%$565,500
    2015$8,256 -0.3%$565,500
    2014$8,279 +6.6%$565,500
    2013$7,764 $565,500

    Find assessor info on the county website

    Neighborhood: 08402

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,733,900
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,733,900