NOT LISTED FOR SALE

117 Seaside Ave Atlantic City, NJ 08401

Uptown Atlantic City Neighborhood

Estimated Value: $471,000 - $586,000

-- Bed
-- Bath
2,064 Sq Ft
$262/Sq Ft Est. Value

Last Sold December 23, 2022

Last sale price $462,000 $224 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $3,419/month

24 Days on Market

About This Home

As of December 2022

Cash Flow, Cash Flow, Cash Flow.....This is a rare chance to secure this high cash flow Duplex! The upstairs unit which come fully furnished has 4 bedrooms and 2 Full Bathrooms is currently used as an AIRBNB and has had $67,000 in gross operating income during the past 12 months. Downstairs is a 1 bedroom, 1 full bath which can generate $1,200 monthly rents.

House has 3 balconies with spectacular views of the inlet. One Block from the beach! 3 minute walk to Ocean Casino and right across from the new Indoor Water park at the Showboat

This property produces a cap rate in excess of 17!

Current owners have renovated this unit and is now considered turnkey for any potential buyer.

Current photos expected shortly.

Last Agent to Sell the Property

Donna Halgas

Weichert Realtors - Moorestown License #1430482 Listed on: 10/12/2022

Weichert Realtors - Moorestown

Last Buyer's Agent

datacorrect BrightMLS

Non Subscribing Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,792

Year Built

  • Built in 1915 | Remodeled in 2021

Lot Details

  • 1,311 Sq Ft Lot
  • Lot Dimensions are 18.75 x 70.00

Parking

  • On-Street Parking

Property Views

  • Ocean
  • Harbor

Home Design

  • Duplex
  • Block Foundation

Interior Spaces

  • 2,064 Sq Ft Home
  • Unfinished Basement
  • Side Exterior Basement Entry

Accessible Home Design

  • Doors are 32 inches wide or more

Utilities

  • Window Unit Cooling System
  • Hot Water Baseboard Heater
  • Natural Gas Water Heater
  • Municipal Trash
  • Cable TV Available

Community Details

  • 2 Units
  • 3-Story Building

Listing and Financial Details

  • Tax Lot 00035
  • Assessor Parcel Number 02-00077-00035

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,792

Year Built

Built in 1915 | Remodeled in 2021

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Accessibility Features: 32"+ Wide Doors
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Year Built: 1915
  • Year Renovated: 2021
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Cash Flow, Cash Flow, Cash Flow.....This is a rare chance to secure this high cash flow Duplex! The upstairs unit which come fully furnished has 4 bedrooms and 2 Full Bathrooms is currently used as an AIRBNB and has had $67,000 in gross operating income during the past 12 months. Downstairs is a 1 bedroom, 1 full bath which can generate $1,200 monthly rents. House has 3 balconies with spectacular views of the inlet. One Block from the beach! 3 minute walk to Ocean Casino and right across from the new Indoor Water park at the Showboat This property produces a cap rate in excess of 17! Current owners have renovated this unit and is now considered turnkey for any potential buyer. Current photos expected shortly.
  • Special Features: NewHome

Interior Features

  • Foundation Details: Block
  • Basement: Yes
  • Basement Type: Outside Entrance, Side Entrance, Unfinished
  • Total Sq Ft: 2064
  • Living Area Sq Ft: 2064
  • Price Per Sq Ft: 230.14
  • Above Grade Finished Sq Ft: 2064
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 117

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Block
  • View: Ocean, Harbor
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Natural Gas Available, Electric Available, Cable Tv
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Association Recreation Fee: No

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: 110200.00
  • Land Assessed Value: 38300.00
  • Lot Size Acres: 0.03
  • Lot Dimensions: 18.75 x 70.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1311.00
  • Year Assessed: 2021
  • Zoning: RS-C

Rental Info

  • Existing Lease Type: Month To Month
  • Rent Control: No
  • Units Furnished: Some
  • Units Leased Count: 2
  • Vacation Rental: No

Multi Family

  • Gross Income: 68400.00
  • Other Units: Unit 2

Tax Info

  • Assessor Parcel Number: 3298038
  • Tax Annual Amount: 5792.00
  • Assessor Parcel Number: 02-00077-00035
  • Tax Lot: 00035
  • Tax Total Finished Sq Ft: 2064
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 12/23/2022

MLS Schools

  • School District Name: ATLANTIC CITY SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2022
Closed on
Jan 11, 2023
Sold by
Cruz Crusito
Bought by
Hayden Guy
Seller's Agent
Donna Halgas
Weichert Realtors - Moorestown
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$450,000
Sold Price
$462,000
Premium/Discount to List
$12,000
2.67%
Views
31
Current Estimated Value
$521,058

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,058
Avg. Annual Appreciation
4.49%
Original Mortgage
$453,632
Outstanding Balance
$441,700
Interest Rate
6.48%
Mortgage Type
FHA
Estimated Equity
$76,828

Purchase Details

Listed on
Aug 6, 2020
Closed on
May 24, 2021
Sold by
Bedys Capital Llc
Bought by
Cruz Crusito
Seller's Agent
TOMASZ GORALCZUK
HomeSmart First Advantage Realty - Northfield
Buyer's Agent
AGENT NON-MEMBER
NON-MEMBER OFFICE
List Price
$220,000
Sold Price
$210,000
Premium/Discount to List
-$10,000
-4.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
64.71%
Original Mortgage
$206,196
Interest Rate
2.9%
Mortgage Type
FHA

Purchase Details

Listed on
Sep 29, 2018
Closed on
Apr 22, 2019
Sold by
Scott Finance Company
Bought by
Bedys Capital Llc
Seller's Agent
Walter Kim
REALTY MARK ADVANTAGE
Buyer's Agent
Michelle Green
Compass New Jersey-Ocean City (O463E)
List Price
$189,000
Sold Price
$140,000
Premium/Discount to List
-$49,000
-25.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.30%
Original Mortgage
$112,000
Interest Rate
4.2%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 12, 2017
Sold by
Scott Finance Company
Bought by
J And P Jaramillo Trust and Jamie L Jaramillo And Priscilla L Jarame

Purchase Details

Closed on
Jan 21, 2000
Sold by
Wu Ken V
Bought by
J & P Jaramillo Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
10%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 26, 1998
Sold by
Wilson John and Stewart Patrick H
Bought by
Wu Ken
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
Hayden Guy $462,000 Prestige Title
Cruz Crusito $210,000 Infinity Title Agency
Bedys Capital Llc $140,000 Fortune Title Agency Inc
J And P Jaramillo Trust $1,000 None Available
J & P Jaramillo Trust $35,000 The Title Company
Wu Ken -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hayden Guy $453,632
Previous Owner Cruz Crusito $206,196
Previous Owner Bedys Capital Llc $112,000
Previous Owner Jaramillo Charles $187,750
Previous Owner J & P Jaramillo Trust $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2022 12/23/22 Sold $462,000 -2.7% $224 / Sq Ft
11/05/2022 11/05/22 Pending -- -- --
10/17/2022 10/17/22 Price Changed $475,000 +5.6% $230 / Sq Ft
10/12/2022 10/12/22 For Sale $450,000 +114.3% $218 / Sq Ft
05/24/2021 05/24/21 Sold $210,000 -4.5% $104 / Sq Ft
08/06/2020 08/06/20 For Sale $220,000 +57.1% $108 / Sq Ft
04/18/2019 04/18/19 Sold $140,000 -25.9% $69 / Sq Ft
09/29/2018 09/29/18 For Sale $189,000 -- $93 / 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
2024 $6,800 $197,000 $38,300 $158,700
2023 $5,609 $148,500 $38,300 $110,200
2022 $5,609 $148,500 $38,300 $110,200
2021 $5,793 $148,500 $38,300 $110,200
2020 $5,842 $148,500 $38,300 $110,200
2019 $4,980 $125,000 $62,500 $62,500
2018 $9,143 $258,800 $144,500 $114,300
2017 $8,854 $258,800 $144,500 $114,300
2016 $9,990 $258,800 $144,500 $114,300
2015 $8,856 $258,800 $144,500 $114,300
2014 $8,665 $258,800 $144,500 $114,300
Source: Public Records

Agents Affiliated with this Home

  • Donna Halgas

    Seller's Agent in 2022

    Donna Halgas

    Weichert Corporate

    (215) 292-6236

    2 in this area

    71 Total Sales

    Section Image

  • d

    Buyer's Agent in 2022

    datacorrect BrightMLS

    Non Subscribing Office

    Section Image
  • TOMASZ GORALCZUK

    Seller's Agent in 2021

    TOMASZ GORALCZUK

    HomeSmart First Advantage Realty - Northfield

    (609) 369-4251

    2 in this area

    15 Total Sales

    Section Image

  • T

    Seller Co-Listing Agent in 2021

    TINA GORALCZUK

    BALSLEY/LOSCO

    (609) 442-8185

    2 in this area

    11 Total Sales

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  • A

    Buyer's Agent in 2021

    AGENT NON-MEMBER

    NON-MEMBER OFFICE

  • Walter Kim

    Seller's Agent in 2019

    Walter Kim

    REALTY MARK ADVANTAGE

    (609) 287-0444

    1 in this area

    7 Total Sales

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Map

Source: Bright MLS

MLS Number: NJAC2006062

Bright MLS

APN: 02-00077-0000-00035

New Jersey Atlantic County Atlantic City 08401 Uptown Atlantic City

117 Seaside Ave, Atlantic City, NJ

This home is located at 117 Seaside Ave, Atlantic City, NJ 08401 since 12 October 2022 and is currently estimated at $540,387, approximately $261 per square foot. This property was built in 1915. 117 Seaside 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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