NOT LISTED FOR SALE

14 S Portland Ave Ventnor City, NJ 08406

Estimated Value: $1,429,803 - $1,988,000

0.06 Acre
$27,809,694 Price per Acre
2,701 Sq Ft Lot

Last Sold April 08, 2020

Last sale price $875,290

Est. 97% increase in value since last sale

Current estimated payment $10,604/month

96 Days on Market

About This Lot

As of April 2020

HOT OPPORTUNITY! AMAZING BUILDABLE CORNER LOT WITH OCEAN VIEWS IN PRESTIGIOUS SOUTHSIDE LOCATION JUST STEPS TO THE BEACH! Perfect opportunity awaits you that can accommodate the new construction home of your dreams at the beach! Spacious deep lot has an amazing size of 37x72.5 & can accommodate a three-story new home up to 2850+ sf with decks, garage & room for an outside oasis with a yard perfect for entertaining & for family fun by adding your own spectacular in-ground pool, fire-pit and outdoor kitchen! Impossible to find any Southside lot that would have room for all of this but here it is! Design your own custom home fit to your specifications on it! Don't have a builder, luxury custom home builder, Landmark Builders, can construct it for you here! This is your chance, don't miss it! Prime location and an incredible opportunity! Just steps to the boardwalk too & a short walk to Margate & Ventnor restaurants & so much more! Possible to take advantage of the 5-year tax abatement for new construction homes. Call for more information! "SAND ISLE" - six exclusive luxury southside residences next to the beach. Five currently being offered for sale as buildable lots and then there will be a Model new construction home with all the bells and whistles breaking ground soon at 18 S. Portland for sale!

Last Agent to Sell the Property

Ashley Franchini

Soleil Sotheby's International Realty - A License #0451196 Listed on: 04/27/2019

Soleil Sotheby's International Realty - A

Last Buyer's Agent

Rene Kane

BHHS FOX and ROACH-Margate License #0234462

BHHS FOX and ROACH-Margate

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $17,316

Lot Details

  • Lot Dimensions are 37x72.5
  • Corner Lot
  • Cleared Lot

Property Views

  • Water Views

Community Details

Overview

  • Southside Subdivision

Recreation

  • Community Boardwalk

Property Details

Property Type

Land

Est. Annual Taxes

$17,316

Lot Details

0

Listing Details

  • Class: Lots/Land
  • Type: 1 To 6,000 Sqft
  • Lvt Date: 04/27/2019
  • Development Status: Buildable Lot
  • Special Features: None
  • Property Sub Type: LotsLands

Lot Info

  • Location: Corner, Boardwalk Area, Water View
  • Lot Dimensions: 37x72.5
  • Number Of Lots: One
  • Topography: Cleared
  • Zoning: Residential

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2019
Closed on
Apr 16, 2020
Sold by
Jjcc Longport Llc
Bought by
Schrader Christopher and Schrader Renny Melissa
Seller's Agent
Ashley Franchini
Soleil Sotheby's International Realty - A
Buyer's Agent
Rene Kane
BHHS FOX and ROACH-Margate
List Price
$385,000
Sold Price
$875,290
Premium/Discount to List
$490,290
127.35%
Current Estimated Value
$1,726,151

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$850,861
Avg. Annual Appreciation
13.48%
Original Mortgage
$648,750
Outstanding Balance
$582,210
Interest Rate
2.87%
Mortgage Type
New Conventional
Estimated Equity
$1,141,991

Purchase Details

Closed on
Mar 19, 2019
Sold by
Ultra Services Inc
Bought by
Jjcc Longport Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$642,000
Interest Rate
4.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 16, 2017
Sold by
Holy Trinity Parish Margate Nj
Bought by
Ultra Services Inc
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
Schrader Christopher $875,290 Trident Land Transfer Co Llc
Jjcc Longport Llc $1,392,000 Landis Title Corp
Ultra Services Inc $183,333 Title America Agency Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schrader Christopher $648,750
Previous Owner Jjcc Longport Llc $642,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2020 04/08/20 Sold $875,290 +127.3% --
08/01/2019 08/01/19 Pending -- -- --
04/27/2019 04/27/19 For Sale $385,000 -- --
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 $17,316 $633,600 $206,000 $610,800
2023 $16,296 $633,600 $0 $0
2022 $16,296 $633,600 $0 $0
2021 $16,398 $633,600 $0 $0
2020 $5,337 $206,000 $206,000 $0
2019 $5,325 $206,000 $206,000 $0
2018 $5,426 $206,000 $206,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Ashley Franchini

    Seller's Agent in 2020

    Ashley Franchini

    Solei SIR Margate

    (609) 233-6116

    41 in this area

    202 Total Sales

    Section Image
  • Rene Kane

    Buyer's Agent in 2020

    Rene Kane

    BHHS Fox & Roach

    (609) 703-8592

    59 in this area

    234 Total Sales

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 521387

South Jersey Shore Regional MLS

APN: 22 00070-0000-00019

New Jersey Atlantic County Ventnor City 08406

14 S Portland Ave, Ventnor City, NJ

This home is located at 14 S Portland Ave, Ventnor City, NJ 08406 since 27 April 2019 and is currently estimated at $1,724,201. 14 S Portland Ave is a home located in Atlantic County with nearby schools including Ventnor Elementary School, Ventnor Middle School, and St. James Elementary School.

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