NOT LISTED FOR SALE

108 S Montpelier Ave, Unit 414 Atlantic City, NJ 08401

Chelsea Neighborhood

Estimated Value: $111,000 - $127,000

-- Bed
1 Bath
-- Sq Ft
261 Sq Ft Lot

Last Sold February 01, 2024

Last sale price $109,000

Est. 9% increase in value since last sale

Current estimated payment $796/month

155 Days on Market

Highlights

  • Furnished
  • Air Conditioning
  • Heating Available
  • Elevator
  • Laundry Facilities

About This Home

As of February 2024

Under Contract! Nicely maintained Furnished Studio with Awesome Direct Ocean views from several vantage points. This is a Boardwalk front Condo Building situated as close as you can get to the beach. Walk out the door and you can see and smell the Ocean. This unit had been renovated a couple years ago. Great Tenant moved in Sept, 2022, so you will have immediate income on this unit. Low Condo fees which include all Utilities and W/S. Special Assessment in place to be paid off April for the walkways in the building. All Seller settlement charges to be paid by the Buyer including, commissions and all fee/taxes, certifications and inspections. Property has a CO for rental and will not have a problem on the sale. No Repairs or remedies will be made by Seller and it is being sold "AS IS WHERE AS". Tenant occupied on MTM lease. 60 day notice required for Owner occupied buyer. 24 HR Notice required for showings. Listing agent must accompany if tenant cannot be there. No showings on Sunday. Condo Assoc has Rental restrictions effective May 2023. If the unit is sold new owner must wait 2 years before renting the unit. If the unit sold was tenant occupied and that tenant leaves, the new owner must then wait 2 years to rent. (Condo states no exceptions). Listing agent manages the current rental of condo.

Last Agent to Sell the Property

Debra Lafferty

COLLINI REAL ESTATE, LLC Listed on: 06/07/2023

Last Buyer's Agent

Debra Lafferty

COLLINI REAL ESTATE, LLC Listed on: 06/07/2023

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,006

Year Built

  • Built in 1970

Lot Details

  • 261

Parking

  • 1 Parking Space

Interior Spaces

  • 1 Full Bathroom
  • 3-Story Property
  • Furnished
  • Stove

Utilities

  • Air Conditioning
  • Heating Available
  • Electric Water Heater

Community Details

Overview

  • Association fees include air conditioning, electric, gas, heat, hot water, insurance, management, sewer, trash, water
  • Island Club Condos

Amenities

  • Laundry Facilities
  • Elevator

Recreation

  • Community Boardwalk

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,006

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Converted Motel
  • Also Includes: Furnished
  • Lvt Date: 06/07/2023
  • Year Built: 1970
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Three To Five
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Appliances: Electric Stove, Refrigerator
  • Full Bathrooms: 1
  • Common Area Features: Elevator, Laundromat On Site

Garage/Parking

  • Parking Exterior: One Car

Utilities

  • Air Conditioner: Electric
  • Heating: Electric, Space/Wall/Floor
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA Includes: Air Conditioning, Electric, Gas, Heat, Hot Water, Insurance, Management, Sewer, Trash, Water
  • Condo Name: Island Club
  • Management: Association

Lot Info

  • Location: Boardwalk Front

Rental Info

  • Pets: No Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2023
Closed on
Feb 1, 2024
Sold by
Fierro James
Bought by
Radomile Stephen M
Seller's Agent
Debra Lafferty
COLLINI REAL ESTATE, LLC
Buyer's Agent
Debra Lafferty
COLLINI REAL ESTATE, LLC
List Price
$109,000
Sold Price
$109,000
Views
437
Current Estimated Value
$119,103

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,103
Avg. Annual Appreciation
5.59%
Original Mortgage
$26,800
Outstanding Balance
$26,352
Interest Rate
6.6%
Estimated Equity
$92,751

Purchase Details

Closed on
Nov 1, 2011
Sold by
Keares Harry and Keares Mary Ann
Bought by
Fierro James
Source: Public Records

Range of Values:

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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
Radomile Stephen M $109,000 Surety Title
Fierro James $100,000 Commonwealth Land Title Insu
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Radomile Stephen M $26,800
Open Radomile Stephen M $87,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2024 02/01/24 Sold $109,000 0.0% --
11/09/2023 11/09/23 Pending -- -- --
06/07/2023 06/07/23 For Sale $109,000 -- --
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 $2,006 $58,100 $15,000 $43,100
2024 $2,006 $58,100 $15,000 $43,100
2023 $2,194 $58,100 $15,000 $43,100
2022 $2,194 $58,100 $15,000 $43,100
2021 $2,266 $58,100 $15,000 $43,100
2020 $2,286 $58,100 $15,000 $43,100
2019 $1,394 $35,000 $17,500 $17,500
2018 $1,237 $35,000 $17,500 $17,500
2017 $1,505 $44,000 $22,000 $22,000
2016 $1,698 $44,000 $22,000 $22,000
2015 $3,422 $100,000 $50,000 $50,000
2014 $3,348 $100,000 $50,000 $50,000
Source: Public Records

Agents Affiliated with this Home

  • Debra Lafferty

    Seller's Agent in 2024

    Debra Lafferty

    COLLINI REAL ESTATE, LLC

    (609) 287-4874

    27 in this area

    112 Total Sales

    Debra Lafferty
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About This Building

Map

Source: South Jersey Shore Regional MLS

MLS Number: 574729

South Jersey Shore Regional MLS

APN: 02-00027-0000-00005-0000-C0414

New Jersey Atlantic County Atlantic City 08401 Chelsea

108 S Montpelier Ave Unit 414, Atlantic City, NJ

This home is located at 108 S Montpelier Ave Unit 414, Atlantic City, NJ 08401 since 07 June 2023 and is currently estimated at $119,103. This property was built in 1970. 108 S Montpelier Ave Unit 414 is a home located in Atlantic County with nearby schools including Brighton Avenue School, Atlantic City High School, and Our Lady Star of the Sea Regional School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

South Jersey Shore Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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