NOT LISTED FOR SALE

103 S Frankfort Ave Ventnor City, NJ 08406

Estimated Value: $1,169,000 - $1,697,000

-- Bed
-- Bath
-- Sq Ft
3,136 Sq Ft Lot

Last Sold December 18, 2020

Last sale price $650,000

Est. 111% increase in value since last sale

Current estimated payment $9,311/month

105 Days on Market

Highlights

  • Water Views
  • Deck
  • Great Room
  • Building is beachfront but unit may not have water views
  • Sun or Florida Room
  • Den

About This Home

As of December 2020

Lowest Priced Beachblock Duplex! LOCATION - LOCATION-LOCATION!! ONLY 5 HOMES THE BEACH/OCEAN! BEACH BLOCK DIAMOND IN THE ROUGH! Solid Bones from this OLD WORLD CHARM BEAUTY! NO Need to Drive ANYWHERE with this fabulous location in the Renaissance Section of NORTH BEACH! Relax Away Only Steps from the Boardwalk/Beach and Walking Distance to Restaurants, Ventnor Movie Theater, Tennis Courts, Playground and MORE!! The Main House Features Three stories of Living Space; 6 Bedrooms and 3.5 Bathrooms! Enjoy Your Wrap Around Porch Where You Can Soak In The Sun & Breath In The Fresh Salt Water Air. Step Into The Conservatory And Curl Up With Your Favorite Book To Read. The Income Producing Ground Level Apartment has 2 Bedrooms and 1 Bathroom! So Much Room for Extended Family or Use Apartment for Rental Income! Ask for past rental History. Property would make a Spacious Home, Summer Retreat, Share House or Bed and Breakfast. Needs some upgrades but, nothing immediately. Original Hardwoods Through-Out. Call today for more info. Currently operating as a share house. Ground level tenant is very nice and clean, annual current income at approx, $60K, has potential to make more but owner uses it.

Last Agent to Sell the Property

Emily Marchese

MARCHESE REAL ESTATE, LLC License #0338026 Listed on: 05/22/2020

MARCHESE REAL ESTATE, LLC

Last Buyer's Agent

Anthony Marotta

KELLER WILLIAMS REALTY JERSEY SHORE-Margate License #0999715

KELLER WILLIAMS REALTY JERSEY SHORE-Margate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,848

Year Built

  • Built in 1923

Lot Details

  • Lot Dimensions are 50x62.5
  • Building is beachfront but unit may not have water views

Parking

  • 1 Car Attached Garage

Home Design

  • Duplex
  • Brick Exterior Construction
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • Blinds
  • Great Room
  • Living Room
  • Dining Room
  • Den
  • Library
  • Workshop
  • Sun or Florida Room
  • Water Views
  • Storm Screens

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Stove
  • Microwave
  • Dishwasher

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Heated Basement
  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Outdoor Features

  • Outdoor Shower
  • Deck
  • Enclosed Patio or Porch

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Separate Meters
  • Gas Water Heater

Community Details

Overview

  • 2 Units

Recreation

  • Community Boardwalk

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,848

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Duplex
  • Also Includes: Blinds
  • Lvt Date: 05/23/2020
  • Year Built: 1923
  • Age: 25+ Years
  • Allow Comsumer Comment: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Basement: Finished, Full, Heated, Outside Entrance, Slab
  • Other Rooms: Breakfast Nook, Den/Tv Room, Dining Area, Dining Room, Eat In Kitchen, Florida Room, Great Room, Kitchen, Laundry/Utility Rm, Library/Study, Living Room, Workshop

Exterior Features

  • Outside Features: Curbs, Deck, Outside Shower, Porch, Porch-Enclosed, Sidewalks
  • Siding Exterior: Brick, Vinyl
  • Storm Screens: Combination

Garage/Parking

  • Driveway: Concrete
  • Garage: One Car, Attached Garage
  • Parking Exterior: One Car

Utilities

  • Air Conditioner: Central
  • Heating: Gas-Natural
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas

Lot Info

  • Location: Beach Block, Boardwalk Area, Water View
  • Lot Dimensions: 50x62.5

Rental Info

  • Rental Information: Yearly

Multi Family

  • Number Of Units: 2
  • Number Of2 Bedroom Units: 1
  • Number Of4 Bedroom Units: 1
  • Separate Meters: Electric, Gas, Heat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2020
Closed on
Dec 18, 2020
Sold by
Goldstein Alan and Goldstein Shelly
Bought by
Anastos Leonidas and Anastos John
Seller's Agent
Emily Marchese
MARCHESE REAL ESTATE, LLC
Buyer's Agent
Anthony Marotta
KELLER WILLIAMS REALTY JERSEY SHORE-Margate
List Price
$725,000
Sold Price
$650,000
Premium/Discount to List
-$75,000
-10.34%
Current Estimated Value
$1,374,740

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$724,740
Avg. Annual Appreciation
17.48%
Original Mortgage
$483,750
Outstanding Balance
$436,384
Interest Rate
2.67%
Mortgage Type
New Conventional
Estimated Equity
$938,356

Purchase Details

Closed on
Jan 27, 1998
Sold by
Vogelson M Allan and Vogelson Sandra G
Bought by
Goldstein Alan and Goldstein Shelly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,600
Interest Rate
6.95%
Source: Public Records

Range of Values:

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Average Value
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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
Anastos Leonidas $645,000 Surety Title
Goldstein Alan $182,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Anastos Leonidas $483,750
Closed Anastos Leonidas $483,750
Previous Owner Goldstein Alan $145,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2020 12/18/20 Sold $650,000 -10.3% --
11/13/2020 11/13/20 For Sale $725,000 0.0% --
11/13/2020 11/13/20 Price Changed $725,000 +3.7% --
09/04/2020 09/04/20 Pending -- -- --
07/01/2020 07/01/20 Rented -- -- --
05/22/2020 05/22/20 For Sale $699,000 0.0% --
05/16/2020 05/16/20 For Rent $35,000 -- --
09/25/2013 09/25/13 Rented -- -- --
08/26/2013 08/26/13 Under Contract -- -- --
08/04/2013 08/04/13 For Rent -- -- --
11/12/2012 11/12/12 Rented -- -- --
10/13/2012 10/13/12 Under Contract -- -- --
08/21/2012 08/21/12 For Rent -- -- --
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 $21,848 $799,400 $487,000 $312,400
2023 $17,076 $799,400 $487,000 $312,400
2022 $17,076 $663,900 $487,000 $176,900
2021 $17,182 $663,900 $487,000 $176,900
2020 $17,202 $663,900 $487,000 $176,900
2019 $17,162 $663,900 $487,000 $176,900
2018 $17,487 $663,900 $487,000 $176,900
2017 $17,580 $663,900 $487,000 $176,900
2016 $15,774 $721,600 $625,000 $96,600
2015 $15,630 $721,600 $625,000 $96,600
2014 $17,390 $844,600 $637,500 $207,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 537200

South Jersey Shore Regional MLS

APN: 22-00008-0000-00004