NOT LISTED FOR SALE

1005 N Michigan Ave Atlantic City, NJ 08401

Monroe Park Neighborhood

Estimated Value: $123,000 - $170,000

3 Beds
1 Bath
1,056 Sq Ft
$137/Sq Ft Est. Value

Last Sold March 29, 2024

Last sale price $127,000 $120 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $902/month

30 Days on Market

Highlights

  • Porch
  • Tile Flooring
  • Fenced

About This Home

As of March 2024

Investor ALERT - DOUBLE DIGIT RETURNS - Looking for cash deal quick close, makes great investment property, good rents, and low expenses. Super LOW Taxes just reduced to under 2K! Tenants pay gas and electric. Income and Expenses available upon request to qualified buyers only. Rented for $20,400 annually!! Just renovated and Brand NEW roof installed in April 2021! Pictures were taken last summer before the new tenant moved in. Income and Expenses available upon request. Private hard money may be available to qualified investors with 20% down at 12% interest.

Last Agent to Sell the Property

Gerard Barker

WEICHERT REALTORS ASBURY GROUP-AC Listed on: 12/13/2023

WEICHERT REALTORS ASBURY GROUP-AC

Last Buyer's Agent

Gerard Barker

WEICHERT REALTORS ASBURY GROUP-AC Listed on: 12/13/2023

WEICHERT REALTORS ASBURY GROUP-AC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,602

Year Built

  • Built in 1925

Lot Details

  • Lot Dimensions are 16x90
  • Fenced

Parking

  • 3 Parking Spaces

Home Design

  • Brick Exterior Construction

Kitchen

  • Self-Cleaning Oven
  • Stove

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Additional Features

  • 2-Story Property
  • Porch
  • Gas Water Heater

Community Details

  • Community Boardwalk

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,602

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 2 Story
  • Lvt Date: 12/13/2023
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Gas Stove, Refrigerator, Self Cleaning Oven
  • Flooring: Tile, W/W Carpet, Laminate Flooring
  • Bedrooms: 3
  • Full Bathrooms: 1

Exterior Features

  • Outside Features: Curbs, Fenced Yard, Needs Work, Paved Road, Porch, Sidewalks
  • Siding Exterior: Brick

Garage/Parking

  • Parking Exterior: Three Or More Cars

Utilities

  • Heating: Radiator
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas

Lot Info

  • Location: Boardwalk Area
  • Lot Dimensions: 16x90
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 13, 2023
Closed on
Apr 30, 2024
Sold by
Msj Real Estate Holdings Llc
Bought by
Grass Arthur
Seller's Agent
Gerard Barker
WEICHERT REALTORS ASBURY GROUP-AC
Buyer's Agent
Gerard Barker
WEICHERT REALTORS ASBURY GROUP-AC
List Price
$149,000
Sold Price
$127,000
Premium/Discount to List
-$22,000
-14.77%
Views
33
Current Estimated Value
$144,271

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,271
Avg. Annual Appreciation
9.13%
Original Mortgage
$101,600
Outstanding Balance
$100,151
Interest Rate
6.79%
Mortgage Type
Construction
Estimated Equity
$44,120

Purchase Details

Closed on
Feb 10, 2023
Sold by
1036 Ohio Avenue Llc and 1036 N Ohio Llc
Bought by
Msj Real Estate Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 3, 2018
Sold by
Scheriff Eric
Bought by
1036 Ohio Avenue Llc

Purchase Details

Closed on
Jul 31, 2003
Sold by
Grace Sheldon
Bought by
Eddy Troy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,205
Interest Rate
5.69%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
May 3, 1996
Sold by
Grace Karen
Bought by
Grace Sheldon and Grace Karen
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
Grass Arthur $127,000 Title Company Of Jersey
Msj Real Estate Holdings Llc -- Surety Title
1036 Ohio Avenue Llc $12,500 None Available
Eddy Troy $74,500 --
Eddy Troy $74,500 --
Grace Sheldon -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grass Arthur $101,600
Previous Owner Msj Real Estate Holdings Llc $250,000
Previous Owner 1036 Ohio Avenue Llc $250,000
Previous Owner Eddy Troy $28,805
Previous Owner Eddy Troy $97,253
Previous Owner Eddy Troy $95,816
Previous Owner Eddy Troy $87,750
Previous Owner Eddy Troy $4,205
Previous Owner Eddy Troy $73,348
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2024 03/29/24 Sold $127,000 -1.6% $120 / Sq Ft
01/12/2024 01/12/24 Pending -- -- --
01/02/2024 01/02/24 Price Changed $129,000 -13.4% $122 / Sq Ft
12/13/2023 12/13/23 For Sale $149,000 -- $141 / 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
2025 $1,602 $108,300 $20,800 $87,500
2024 $1,602 $46,400 $20,800 $25,600
2023 $1,753 $46,400 $20,800 $25,600
2022 $1,753 $46,400 $20,800 $25,600
2021 $1,810 $46,400 $20,800 $25,600
2020 $1,825 $46,400 $20,800 $25,600
2019 $5,777 $145,000 $105,100 $39,900
2018 $5,123 $145,000 $105,100 $39,900
2017 $4,960 $145,000 $105,100 $39,900
2016 $5,597 $145,000 $105,100 $39,900
2015 $4,962 $145,000 $105,100 $39,900
2014 $4,855 $145,000 $105,100 $39,900
Source: Public Records

Agents Affiliated with this Home

  • Gerard Barker

    Seller's Agent in 2024

    Gerard Barker

    Weichert Corporate

    (609) 481-7745

    41 in this area

    227 Total Sales

    Gerard Barker
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 580459

South Jersey Shore Regional MLS

APN: 02-00638-0000-00008

New Jersey Atlantic County Atlantic City 08401 Monroe Park

1005 N Michigan Ave, Atlantic City, NJ

This home is located at 1005 N Michigan Ave, Atlantic City, NJ 08401 since 13 December 2023 and is currently estimated at $144,271, approximately $136 per square foot. This property was built in 1925. 1005 N Michigan Ave is a home located in Atlantic County with nearby schools including Dr. Martin Luther King Jr. School Complex, Atlantic City High School, and Our Lady Star of the Sea Regional School.

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