7 S Hanover Ave
Margate, NJ, 08402 $ 1,799,000
Bedrooms4 Baths3.0 Sq 2,240 Monthly Estimate*
$ 11,077
for $1,799,000 with 4 bedrooms and 3 full baths. This 2,240 square foot home was built in 1925.
SOUTHSIDE SINGLE-FAMILY HOME WITH ENDLESS POTENTIAL! Located on the south side in Margateâs 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 tranquilityâonly a short stroll to Casels, Starbucks, shopping, and Margateâs best restaurants, yet set on one of the areaâs 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 balconyâperfect 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 youâre 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 newâthis southside Margate gem checks every box. Call today for a private showing.
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FeaturesGeneralWater Public
Sewer Public Sewer
Heating Forced Air Gas-Natural
Status Under Contract Under Contract
Full Baths 3
Half Baths 0
Year Built 1925
Water Heater Gas
Style 2 Story
Class RESIDENTIAL
Type Single Family
Rooms 10
Tax Year 2024
Garage None
Status Detail 0
Waterfront No
Area Margate City
Location Water View
Taxes 9659
Adult Community/55+: Y/N 0
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InteriorBasement 6 Ft. or More Head Room Inside Entrance Slab Unfinished
Flooring Hardwood Tile W/W Carpet
Beds 4
Air Conditioning Ceiling Fan(s) Central
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ExteriorDriveway Concrete
Lot 9
Lot Dimensions 43.5x62.5
Lot Size Less than One Acre
Storms/Screens Combination
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $11,077
- Monthly Property Taxes
- $805
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Margate, NJ
Average List Price $2,357,285
Percent of Sale Price 31%
About Margate, NJ 5,176 Population
-37% Since 2002
$ 66,723 Median Income
56.68 Median Age
10% Households with Children
Trends Information provided by ATTOM Data Solutions.
760537 Elementary School
760538 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 12/10/2025 | $1,799,000 | | Listed Price |