$601,000
SOLD SEP 4, 2024

126 N Portland Ave Ventnor City, NJ 08406

-- Bed
-- Bath
-- Sq Ft
5,271 Sq Ft Lot

Recently Sold

70 Days on Market

About This Home

As of September 2024

Perfect project for an experienced builder or developer. Being sold in Strictly "As Is/Where Is Condition". Building can be torn down for a new structure to be built on the lot, or property can be completely renovated as a duplex. We recommend any interested buyers speak with the Ventnor City Building & Zoning department. Property needs a complete & total renovation and is not habitable in current condition. Property has been vacant for a number of years. Property was raised after Hurricane Sandy but never completed. Property lacks stairs/steps for access. Property was partially gutted inside. Repairs were never finished/completed. We recommend a buyer have a survey done at buyer's expense to determine the exact property lines. Property may or may not be required to be reraised. It is recommended buyers complete their own due diligence. The property is listed on the tax records as 126 Portland Ave #B, but the mail box in front shows it as 126 N. Portland #A. Note: there is a property next door (on the bay side) with an address of 126 N. Portland Ave. That is a separately owned property, not affiliated with this listing. We recommend a buyer have a survey done at buyer's expense to determine the exact property lines. Cash Offers Only. No Financing. NOTE: Property is being sold with AS IS TITLE. There is an existing lien of approximately $150,000 which seller will not pay. BUYER will have to resume responsibility for resolving this after settlement. It is possible lien could be removed after a final C.O. is issued if Buyer choses to perform a complete & total rehab on the existing structure. Contacting listing agent for more details.

Last Agent to Sell the Property

Alan Korik

FARLEY and FERRY REALTY, INC License #SP-8934197 Listed on: 06/06/2024

Co-Listed By

Mike Christakos

FARLEY and FERRY REALTY, INC License #1648763

Last Buyer's Agent

Julie Cicali

REAL-MARGATE License #2079075

REAL-MARGATE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,191

Year Built

  • Built in 1935

Lot Details

  • Lot Dimensions are 46x115

Parking

  • 2 Car Attached Garage

Home Design

  • Duplex
  • Slab Foundation

Utilities

  • Heating System Uses Natural Gas
  • Separate Meters

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,191

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Duplex
  • Lvt Date: 06/07/2024
  • Year Built: 1935
  • Allow Comsumer Comment: No
  • Special Features: 1028
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Slab

Garage/Parking

  • Garage: Attached Garage
  • Parking Exterior: Two Car

Utilities

  • Heating: Gas-Natural
  • Sewer: Public Sewer
  • Water: Public

Lot Info

  • Lot Dimensions: 46x115

Multi Family

  • Number Of Units: 2
  • Number Of3 Bedroom Units: 2
  • Separate Meters: Electric, Gas, Heat, Hot Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 7, 2025
Sold by
Timothy Tonczyczyn Llc
Bought by
Maule Brooke and Maule Edward

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$787,100
Outstanding Balance
$784,302
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$3,618

Purchase Details

Closed on
Feb 17, 2025
Sold by
Timothy Tonczyczyn Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$787,100
Outstanding Balance
$784,302
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$3,618

Purchase Details

Closed on
Dec 23, 2024
Sold by
Timothy Tonczyczyn Llc
Bought by
126 North Portland Avenue Condominium

Purchase Details

Listed on
Jun 6, 2024
Closed on
Aug 27, 2024
Sold by
Atc2021 Owner Llc
Bought by
Timothy Tonczyczyn Llc
Seller's Agent
Alan Korik
FARLEY and FERRY REALTY, INC
Buyer's Agent
Julie Cicali
REAL-MARGATE
List Price
$599,000
Sold Price
$601,000
Premium/Discount to List
$2,000
0.33%
Views
36

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
38.04%
Original Mortgage
$810,900
Interest Rate
6.35%
Mortgage Type
Construction

Purchase Details

Closed on
May 2, 2024
Sold by
Sheriff Of The County Of Atlantic
Bought by
Atc2021owner Llc

Purchase Details

Closed on
Jan 21, 2003
Sold by
Khan Hamid
Bought by
Mostofa Khairul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,000
Interest Rate
6.11%

Purchase Details

Closed on
Jun 22, 2001
Sold by
Zarrello James C and Zarrello Jeanne M
Bought by
Kahn Hamid H and Jakeen Saira

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,750
Interest Rate
7.14%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $926,000 Surety Title
Deed -- Absecon Title
Special Master Deed -- None Listed On Document
Deed $601,000 Sjs Title
Sheriffs Deed $1,000 None Listed On Document
Deed $260,000 --
Bargain Sale Deed $185,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $787,100 New Conventional
Previous Owner $810,900 Construction
Previous Owner $247,000 No Value Available
Previous Owner $175,750 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2025 05/07/25 For Sale $865,000 +43.9% --
09/04/2024 09/04/24 Sold $601,000 +0.3% --
08/15/2024 08/15/24 Pending -- -- --
08/08/2024 08/08/24 For Sale $599,000 0.0% --
06/20/2024 06/20/24 Pending -- -- --
06/06/2024 06/06/24 For Sale $599,000 -50.4% --
06/09/2023 06/09/23 Sold $1,207,000 -13.8% --
04/27/2023 04/27/23 Pending -- -- --
04/07/2023 04/07/23 For Sale $1,399,888 +250.0% --
05/28/2021 05/28/21 Sold $400,000 -59.8% --
03/14/2021 03/14/21 Pending -- -- --
02/04/2021 02/04/21 For Sale $995,000 +696.0% --
09/16/2019 09/16/19 Sold $125,000 -16.1% --
07/25/2019 07/25/19 Pending -- -- --
02/14/2019 02/14/19 Price Changed $149,000 -11.8% --
12/07/2018 12/07/18 For Sale $169,000 -- --
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
2024 $7,191 $263,100 $153,100 $110,000
2023 $6,767 $263,100 $153,100 $110,000
2022 $6,767 $263,100 $153,100 $110,000
2021 $6,809 $263,100 $153,100 $110,000
2020 $6,817 $263,100 $153,100 $110,000
2019 $6,801 $263,100 $153,100 $110,000
2018 $6,930 $263,100 $153,100 $110,000
2017 $9,239 $348,900 $153,100 $195,800
2016 $7,905 $361,600 $350,000 $11,600
2015 $8,467 $390,900 $350,000 $40,900
2014 $8,049 $390,900 $350,000 $40,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 585940

South Jersey Shore Regional MLS

APN: 22-00169-0000-00051