NOT LISTED FOR SALE

116 Oriental Ave Atlantic City, NJ 08401

Uptown Atlantic City Neighborhood

Estimated Value: $389,000 - $501,000

-- Bed
-- Bath
3,120 Sq Ft
$138/Sq Ft Est. Value

Last Sold January 23, 2023

Last sale price $250,000 $80 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $3,013/month

3 Days on Market

Highlights

  • 100 Feet of Waterfront
  • Coastal Architecture
  • Hot Water Baseboard Heater
  • Access to Tidal Water
  • More Than Two Accessible Exits

About This Home

As of January 2023

This duplex is a bank owned property and is sold as is. This is a vacant property. It is 1/2 a block from the ocean and is at the corner of Atlantic City in the re development area. It backs up to a large apartment building and is feet from the Boardwalk. Located at the far end of the city it is close to all Casinos.

Last Agent to Sell the Property

Peter Sideris

Century 21 Rauh & Johns License #0560849 Listed on: 11/15/2022

Century 21 Rauh & Johns

Last Buyer's Agent

Peter Sideris

Century 21 Rauh & Johns License #0560849 Listed on: 11/15/2022

Century 21 Rauh & Johns

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,038

Year Built

  • Built in 1920

Lot Details

  • 2,400 Sq Ft Lot
  • Lot Dimensions are 30.00 x 80.00
  • 100 Feet of Waterfront
  • Property Fronts a Bay or Harbor

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Coastal Architecture
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 3,120 Sq Ft Home
  • Basement Fills Entire Space Under The House

Accessible Home Design

  • More Than Two Accessible Exits

Outdoor Features

  • Access to Tidal Water
  • Water Oriented
  • Property is near an ocean

Utilities

  • Hot Water Baseboard Heater
  • Natural Gas Water Heater
  • Municipal Trash

Listing and Financial Details

  • Tax Lot 00005
  • Assessor Parcel Number 02-00081-00005

Community Details

Overview

  • 2 Units
  • 2-Story Building

Building Details

  • 1 Vacant Unit

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,038

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Coastal
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Year Built: 1920
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: This duplex is a bank owned property and is sold as is. This is a vacant property. It is 1/2 a block from the ocean and is at the corner of Atlantic City in the re development area. It backs up to a large apartment building and is feet from the Boardwalk. Located at the far end of the city it is close to all Casinos.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Block
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 3120
  • Living Area Sq Ft: 3120
  • Price Per Sq Ft: 91.35
  • Above Grade Finished Sq Ft: 3120
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 116

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Spa: No
  • Water Access: No
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: Yes
  • Water View: No
  • Water Frontage In Feet: 100

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Schools

  • School District: ATLANTIC CITY SCHOOLS
  • School District Key: 300200396906
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 162700.00
  • Land Assessed Value: 69000.00
  • Lot Size Acres: 0.06
  • Lot Dimensions: 30.00 x 80.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2400.00
  • Year Assessed: 2021
  • Zoning: RMC4

Rental Info

  • Ground Rent Exists: No
  • Rent Control: No
  • Vacation Rental: No

Multi Family

  • Number Of Units Vacant: 1

Tax Info

  • Assessor Parcel Number: 3298131
  • Tax Annual Amount: 9038.00
  • Assessor Parcel Number: 02-00081-00005
  • Tax Lot: 00005
  • Tax Total Finished Sq Ft: 3120
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 01/23/2023

MLS Schools

  • School District Name: ATLANTIC CITY SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2022
Closed on
Mar 2, 2023
Sold by
Komar Richard
Bought by
Coba Inc
Seller's Agent
Peter Sideris
Century 21 Rauh & Johns
Buyer's Agent
Peter Sideris
Century 21 Rauh & Johns
List Price
$2,250,000
Sold Price
$250,000
Premium/Discount to List
-$2,000,000
-88.89%
Views
19
Current Estimated Value
$430,587

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$180,587
Avg. Annual Appreciation
23.36%
Original Mortgage
$250,000
Interest Rate
6.32%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 15, 2022
Closed on
Jan 18, 2023
Sold by
Coba Inc
Bought by
Doin It Down The Shore Llc
Seller's Agent
Peter Sideris
Century 21 Rauh & Johns
Buyer's Agent
Peter Sideris
Century 21 Rauh & Johns
List Price
$2,250,000
Sold Price
$250,000
Premium/Discount to List
-$2,000,000
-88.89%
Views
19

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
6.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 17, 2001
Sold by
Goldinher Edward and Goldinher Nathan
Bought by
Nguyen Thue Dinh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,850
Interest Rate
7.39%

Purchase Details

Closed on
Jan 22, 1998
Sold by
Goldinher Edward and Goldinher Irene
Bought by
Goldinher Edward
Source: Public Records

Range of Values:

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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
Coba Inc $175,837 --
Doin It Down The Shore Llc $250,000 American Land Title
Nguyen Thue Dinh $56,700 Surety Title Agency Coastal
Goldinher Edward -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Doin It Down The Shore Llc $325,000
Closed Doin It Down The Shore Llc $250,000
Previous Owner Nguyen Thuc Dinh $125,000
Previous Owner Nguyen Thuc $130,000
Previous Owner Nguyen Thuc D $91,500
Previous Owner Nguyen Thue Dinh $53,850
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/23/2023 01/23/23 Sold $250,000 -12.3% $80 / Sq Ft
11/18/2022 11/18/22 Pending -- -- --
11/17/2022 11/17/22 Price Changed $285,000 -0.3% $91 / Sq Ft
11/17/2022 11/17/22 Price Changed $286,000 +27.1% $92 / Sq Ft
11/16/2022 11/16/22 Price Changed $225,000 -90.0% $72 / Sq Ft
11/15/2022 11/15/22 For Sale $2,250,000 -- $721 / Sq Ft
Source: Bright 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 $7,998 $231,700 $69,000 $162,700
2024 $7,998 $231,700 $69,000 $162,700
2023 $8,751 $231,700 $69,000 $162,700
2022 $8,751 $231,700 $69,000 $162,700
2021 $9,039 $231,700 $69,000 $162,700
2020 $9,115 $231,700 $69,000 $162,700
2019 $7,968 $200,000 $100,000 $100,000
2018 $7,066 $200,000 $100,000 $100,000
2017 $6,842 $200,000 $100,000 $100,000
2016 $7,720 $200,000 $100,000 $100,000
2015 $9,924 $290,000 $145,000 $145,000
2014 $9,709 $290,000 $145,000 $145,000
Source: Public Records

Agents Affiliated with this Home

  • Peter Sideris

    Seller's Agent in 2023

    Peter Sideris

    Century 21 - Rauh & Johns

    (856) 905-7458

    1 in this area

    98 Total Sales

    Peter Sideris
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Map

Source: Bright MLS

MLS Number: NJAC2006462

Bright MLS

APN: 02-00081-0000-00005

New Jersey Atlantic County Atlantic City 08401 Uptown Atlantic City

116 Oriental Ave, Atlantic City, NJ

This home is located at 116 Oriental Ave, Atlantic City, NJ 08401 since 15 November 2022 and is currently estimated at $430,587, approximately $138 per square foot. This property was built in 1920. 116 Oriental Ave is a home located in Atlantic County with nearby schools including Pennsylvania Avenue School, Atlantic City High School, and New Hope Christian Academy/Robinson Small Learning Center.

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