NOT LISTED FOR SALE

1 Chelsea Terrace Atlantic City, NJ 08401

Chelsea Neighborhood

Estimated Value: $130,000 - $246,000

3 Beds
1.5 Baths
1,128 Sq Ft
$170/Sq Ft Est. Value

Last Sold March 31, 2014

Last sale price $49,000 $43 Per Sq Ft

Est. 290% increase in value since last sale

Current estimated payment $1,275/month

45 Days on Market

Highlights

  • Building is beachfront but unit may not have water views
  • Laundry Room
  • Baseboard Heating
  • Wood Flooring
  • Dining Room
  • Fenced

About This Home

As of March 2014

Fantastic opportunity to acquire this beach block home, just seconds from the beach and boardwalk! Economical gas heat, hardwood floors and a stately brick exterior are just a few of the amenities you'll enjoy for years to come. This is a Fannie Mae HomePath property. Purchase this property for as little as 5% down! This property is approved for HomePath Mortgage Financing and HomePath Renovation Mortgage Financing.

Last Agent to Sell the Property

Paul Carboni

BHHS FOX and ROACH-Northfield License #8442411 Listed on: 12/02/2013

BHHS FOX and ROACH-Northfield

Co-Listed By

Rich Suthard

BALSLEY/LOSCO License #SB-8131477

Last Buyer's Agent

Paul Carboni

BHHS FOX and ROACH-Northfield License #8442411 Listed on: 12/02/2013

BHHS FOX and ROACH-Northfield

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,589

Lot Details

  • Building is beachfront but unit may not have water views
  • Fenced

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Dining Room
  • Laundry Room

Kitchen

  • Stove
  • Disposal

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Gas Water Heater

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,589

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: Semi-Det/1/2Dbl
  • Special Features: 20
  • Property Sub Type: Detached

Interior Features

  • Appliances: Disposal, Gas Stove, Refrigerator
  • Flooring: Hardwood, Tile, Vinyl
  • Bedrooms: 3
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Other Rooms: Dining Room, Laundry/Utility Room

Exterior Features

  • Outside Features: Fenced Yard
  • Siding Exterior: Brick

Utilities

  • Heating: Baseboard, Gas-Natural
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas

Lot Info

  • Location: Beach Block
  • Lot Dimensions: 21 x 61 Irr.
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 2, 2013
Closed on
Mar 31, 2014
Sold by
Fannie Mae
Bought by
Kazantzis Theordore and Kazantzis Stephanie
Seller's Agent
Paul Carboni
BHHS FOX and ROACH-Northfield
Buyer's Agent
Paul Carboni
BHHS FOX and ROACH-Northfield
List Price
$49,000
Sold Price
$49,000
Current Estimated Value
$191,265

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$142,265
Avg. Annual Appreciation
12.80%

Purchase Details

Closed on
Oct 15, 2013
Sold by
Chau Lucas K L and Ming Shuet
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jan 8, 2007
Sold by
Zheng Xiaojun
Bought by
Lucas Chau

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.18%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 6, 2005
Sold by
Ireland Charles
Bought by
Zheng Xiaojun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
5.79%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 3, 1994
Sold by
Labate Francis
Bought by
Ireland Charles
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kazantzis Theordore $49,000 None Available
Federal National Mortgage Association -- Ordm Title
Lucas Chau $225,000 --
Zheng Xiaojun $110,000 Surety Title Agency Of Atlan
Ireland Charles $5,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kazantzis Theodore $52,500
Previous Owner Lucas Chau $180,000
Previous Owner Zheng Xiaojun $132,000
Previous Owner Zheng Xiaojun $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2014 03/31/14 Sold $49,000 0.0% $43 / Sq Ft
01/16/2014 01/16/14 Pending -- -- --
12/02/2013 12/02/13 For Sale $49,000 -- $43 / Sq Ft
Source: South Jersey Shore Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,589 $75,000 $49,300 $25,700
2023 $2,833 $75,000 $49,300 $25,700
2022 $2,833 $75,000 $49,300 $25,700
2021 $2,926 $75,000 $49,300 $25,700
2020 $2,951 $75,000 $49,300 $25,700
2019 $2,868 $72,000 $20,000 $52,000
2018 $2,544 $72,000 $20,000 $52,000
2017 $2,463 $72,000 $20,000 $52,000
2016 $3,281 $85,000 $42,500 $42,500
2015 $6,358 $185,800 $151,100 $34,700
2014 $6,221 $185,800 $151,100 $34,700
Source: Public Records

Agents Affiliated with this Home

  • Paul Carboni

    Seller's Agent in 2014

    Paul Carboni

    BHHS Fox & Roach

    (609) 287-2259

    31 Total Sales

    Paul Carboni
    Section Image
  • Rich Suthard

    Seller Co-Listing Agent in 2014

    Rich Suthard

    BALSLEY/LOSCO

    (609) 226-0400

    84 Total Sales

    Rich Suthard
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 421004

South Jersey Shore Regional MLS

APN: 02-00036-0000-00044

New Jersey Atlantic County Atlantic City 08401 Chelsea

1 Chelsea Terrace, Atlantic City, NJ

This home is located at 1 Chelsea Terrace, Atlantic City, NJ 08401 since 02 December 2013 and is currently estimated at $191,265, approximately $169 per square foot. 1 Chelsea Terrace is a home located in Atlantic County with nearby schools including Texas Avenue School, Atlantic City High School, and Our Lady Star of the Sea Regional School.

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Information is deemed reliable but not guaranteed.
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