NOT LISTED FOR SALE

118 Folsom Ave Atlantic City, NJ 08401

Uptown Atlantic City Neighborhood

Estimated Value: $287,000 - $374,000

3 Beds
2.5 Baths
1,452 Sq Ft
$230/Sq Ft Est. Value

Last Sold June 22, 2021

Last sale price $168,000 $116 Per Sq Ft

Est. 99% increase in value since last sale

Current estimated payment $2,229/month

389 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Heating and Cooling System
  • 3-minute walk to Oscar E. McClinton Waterfront Park
  • Porch
  • Fenced

About This Home

As of June 2021

Up and coming Gardner's Basin Area . Spacious 3 Bedroom 2 1/2 bath home with fenced in yard ,porch & garage . Semi open first floor plan , Laundry on Second floor . Master bedroom with private bath and plenty of closet space . Year round or summer/casino getaway for your enjoyment .

Last Agent to Sell the Property

Donna Palazzo-Burnside

BALSLEY/LOSCO-VENTNOR Listed on: 01/03/2020

BALSLEY/LOSCO-VENTNOR

Last Buyer's Agent

TURNER-MCDUFFIE, TURNER-MCDUFFIE

BHHS FOX and ROACH-Northfield License #0570335

BHHS FOX and ROACH-Northfield

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,916

Year Built

  • Built in 1998

Lot Details

  • Lot Dimensions are 40 x 92.5
  • Fenced

Parking

  • 1 Car Garage

Interior Spaces

  • 2-Story Property
  • Crawl Space

Kitchen

  • Stove
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,916

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 2 Story
  • Lvt Date: 01/03/2020
  • Year Built: 1998
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Dryer, Gas Stove, Refrigerator, Washer
  • Flooring: Hardwood, Tile, W/W Carpet
  • Bedrooms: 3
  • Bedroom 1: On Level: Upper
  • Bedroom 2: On Level: Upper
  • Bedroom 3: On Level: Upper
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Bathroom 1 Level: Upper
  • Bathroom 2 Level: Upper
  • Basement: Crawl Space
  • Dining Room: On Level: Main
  • Kitchen: On Level: Main
  • Living Room: On Level: Main
  • Powder Room Level: Main

Exterior Features

  • Outside Features: Fenced Yard, Porch

Garage/Parking

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

Utilities

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

Lot Info

  • Lot Dimensions: 40 x 92.5
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2020
Closed on
Jun 22, 2021
Sold by
Klupen Llc
Bought by
Straka Christopher and Roth Alissa
Seller's Agent
Donna Palazzo-Burnside
BALSLEY/LOSCO-VENTNOR
Buyer's Agent
TURNER-MCDUFFIE, TURNER-MCDUFFIE
BHHS FOX and ROACH-Northfield
List Price
$219,900
Sold Price
$168,000
Premium/Discount to List
-$51,900
-23.6%
Current Estimated Value
$334,487

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$166,487
Avg. Annual Appreciation
17.82%
Original Mortgage
$126,000
Outstanding Balance
$114,676
Interest Rate
2.96%
Mortgage Type
New Conventional
Estimated Equity
$219,811

Purchase Details

Listed on
Mar 22, 2016
Closed on
Apr 28, 2016
Sold by
Wells Fargo Bank Na
Bought by
Klupen Llc
Seller's Agent
Federico Maldonado
GRACE PROPERTIES
Buyer's Agent
Donna Palazzo-Burnside
BALSLEY/LOSCO-VENTNOR
List Price
$65,100
Sold Price
$65,100

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.34%

Purchase Details

Closed on
Sep 28, 2015
Sold by
Balles Frank X
Bought by
Wells Fargo Bank

Purchase Details

Closed on
Jun 9, 2005
Sold by
Mazzoli Raymond M
Bought by
Aldridge Michael and Aldridge Amporn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Interest Rate
5.79%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 18, 1998
Sold by
Procida Realty & Construction Corp
Bought by
Mazzoli Raymond M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,000
Interest Rate
6.98%

Purchase Details

Closed on
Dec 16, 1994
Sold by
Kimbrough Cornelia and Kimbrough Reginald
Bought by
Casino Reinvestment Dev Authority
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
Straka Christopher $168,000 Foundation Title Llc
Klupen Llc $65,100 Agents Title
Wells Fargo Bank $1,000 None Available
Aldridge Michael $190,000 Liberty Title Agency
Mazzoli Raymond M $109,000 --
Procida Realty & Construction Corp -- --
Casino Reinvestment Dev Authority $41,384 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Straka Christopher $126,000
Previous Owner Aldridge Michael $152,000
Previous Owner Mazzoli Raymond M $48,800
Previous Owner Mazzoli Raymond M $98,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/22/2021 06/22/21 Sold $168,000 -23.6% $116 / Sq Ft
01/26/2021 01/26/21 Pending -- -- --
01/03/2020 01/03/20 For Sale $219,900 0.0% $151 / Sq Ft
08/23/2016 08/23/16 Rented -- -- --
08/23/2016 08/23/16 For Rent -- -- --
05/09/2016 05/09/16 Sold $65,100 0.0% $45 / Sq Ft
04/08/2016 04/08/16 Pending -- -- --
03/22/2016 03/22/16 For Sale $65,100 -- $45 / 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 $4,916 $142,400 $54,400 $88,000
2024 $4,916 $142,400 $54,400 $88,000
2023 $5,378 $142,400 $54,400 $88,000
2022 $5,378 $142,400 $54,400 $88,000
2021 $5,555 $142,400 $54,400 $88,000
2020 $5,602 $142,400 $54,400 $88,000
2019 $5,259 $132,000 $40,000 $92,000
2018 $4,664 $132,000 $40,000 $92,000
2017 $7,868 $230,000 $150,000 $80,000
2016 $8,878 $230,000 $150,000 $80,000
2015 $7,871 $230,000 $150,000 $80,000
2014 $7,700 $230,000 $150,000 $80,000
Source: Public Records

Agents Affiliated with this Home

  • Donna Palazzo-Burnside

    Seller's Agent in 2021

    Donna Palazzo-Burnside

    BALSLEY/LOSCO-VENTNOR

    (609) 412-6917

    3 in this area

    48 Total Sales

    Donna Palazzo-Burnside
    Section Image
  • Federico Maldonado

    Seller's Agent in 2016

    Federico Maldonado

    GRACE PROPERTIES

    (609) 369-3027

    1 in this area

    186 Total Sales

    Federico Maldonado
    Section Image
  • Sheldon Grace

    Seller Co-Listing Agent in 2016

    Sheldon Grace

    GRACE PROPERTIES

    (609) 485-2262

    9 in this area

    62 Total Sales

    Sheldon Grace
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 531977

South Jersey Shore Regional MLS

APN: 02-00120-0000-00009

New Jersey Atlantic County Atlantic City 08401 Uptown Atlantic City

118 Folsom Ave, Atlantic City, NJ

This home is located at 118 Folsom Ave, Atlantic City, NJ 08401 since 03 January 2020 and is currently estimated at $334,487, approximately $230 per square foot. This property was built in 1998. 118 Folsom Ave is a home located in Atlantic County with nearby schools including Uptown Complex School, Atlantic City High School, and New Hope Christian Academy/Robinson Small Learning Center.

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