NOT LISTED FOR SALE

118 S Ocean Ave Atlantic City, NJ 08401

Downtown Atlantic City Neighborhood

Estimated Value: $117,000 - $257,000

6 Beds
2 Baths
1,989 Sq Ft
$105/Sq Ft Est. Value

Last Sold June 21, 2013

Last sale price $40,100 $20 Per Sq Ft

Est. 422% increase in value since last sale

Current estimated payment $1,362/month

170 Days on Market

Highlights

  • Building is beachfront but unit may not have water views
  • Dining Room
  • Hot Water Heating System
  • Eat-In Kitchen

About This Home

As of June 2013

GREAT PRICE FOR THIS BANK OWNED 6 BEDROOM AND 2 BATH BEACHBLOCK HOME. PREVIOUSLY SOLD FOR $230,000. MAKE OFFER!

Last Agent to Sell the Property

Michael Shamberg

BHHS DIVERSIFIED REALTY Listed on: 12/03/2012

BHHS DIVERSIFIED REALTY

Last Buyer's Agent

Todd Gordon

BHHS FOX and ROACH-Margate III

BHHS FOX and ROACH-Margate III

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,672

Lot Details

  • Lot Dimensions are 17 x 47
  • Building is beachfront but unit may not have water views

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3-Story Property
  • Blinds
  • Dining Room

Kitchen

  • Eat-In Kitchen
  • Stove

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,672

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 3 Story
  • Also Includes: Blinds
  • Special Features: 20
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Appliances: Gas Stove, Refrigerator
  • Bedrooms: 6
  • Bedroom 1: On Level: Upper
  • Bedroom 2: On Level: Upper
  • Bedroom 3: On Level: Upper
  • Bedroom 4: On Level: Upper
  • Bedroom 5: On Level: Upper
  • Full Bathrooms: 2
  • Bathroom 1 Level: Upper
  • Bathroom 2 Level: Upper
  • Dining Room: On Level: Main
  • Kitchen: On Level: Main
  • Living Room: On Level: Main
  • Other Rooms: Dining Room, Eat In Kitchen

Exterior Features

  • Siding Exterior: Brick

Utilities

  • Heating: Gas-Natural, Hot Water, Radiator
  • Sewer: Public Sewer
  • Water: Public

Lot Info

  • Location: Beach Block
  • Lot Dimensions: 17 x 47
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 3, 2012
Closed on
Jun 21, 2013
Sold by
Fulton Bank Of New Jersey
Bought by
Alam Isfaqual
Seller's Agent
Michael Shamberg
BHHS DIVERSIFIED REALTY
Buyer's Agent
Todd Gordon
BHHS FOX and ROACH-Margate III
List Price
$40,100
Sold Price
$40,100
Current Estimated Value
$209,450

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$169,350
Avg. Annual Appreciation
14.49%

Purchase Details

Closed on
May 15, 2012
Sold by
Bismarck Property Llc and Scheffey Robert A
Bought by
Fulton Bank Of New Jersey

Purchase Details

Closed on
Aug 18, 2008
Sold by
Christian Rev John
Bought by
Bismarck Property Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage
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
Alam Isfaqual $40,100 Old Republic National Title
Fulton Bank Of New Jersey -- None Available
Bismarck Property Llc $230,000 Cape Atlantic Title Agency L
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bismarck Property Llc $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2013 06/21/13 Sold $40,100 0.0% $20 / Sq Ft
05/22/2013 05/22/13 Pending -- -- --
12/03/2012 12/03/12 For Sale $40,100 -- $20 / 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 $2,672 $77,400 $53,200 $24,200
2024 $2,672 $77,400 $53,200 $24,200
2023 $2,923 $77,400 $53,200 $24,200
2022 $2,923 $77,400 $53,200 $24,200
2021 $3,019 $77,400 $53,200 $24,200
2020 $3,045 $77,400 $53,200 $24,200
2019 $2,789 $70,000 $25,000 $45,000
2018 $2,473 $70,000 $25,000 $45,000
2017 $5,474 $160,000 $110,000 $50,000
2016 $6,176 $160,000 $110,000 $50,000
2015 $5,475 $160,000 $110,000 $50,000
2014 $5,357 $160,000 $110,000 $50,000
Source: Public Records

Agents Affiliated with this Home

  • Michael Shamberg

    Seller's Agent in 2013

    Michael Shamberg

    BHHS DIVERSIFIED REALTY

    (609) 432-6650

    134 Total Sales

    Michael Shamberg
    Section Image
  • Todd Gordon

    Buyer's Agent in 2013

    Todd Gordon

    BHHS FOX and ROACH-Margate III

    (609) 553-5098

    33 in this area

    443 Total Sales

    Todd Gordon
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 403724

South Jersey Shore Regional MLS

APN: 02-00054-0000-00053

New Jersey Atlantic County Atlantic City 08401 Downtown Atlantic City

118 S Ocean Ave, Atlantic City, NJ

This home is located at 118 S Ocean Ave, Atlantic City, NJ 08401 since 03 December 2012 and is currently estimated at $209,450, approximately $105 per square foot. 118 S Ocean Ave is a home located in Atlantic County with nearby schools including New York Avenue School, Atlantic City High School, and New Hope Christian Academy/Robinson Small Learning Center.

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.

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