NOT LISTED FOR SALE

1408 Emerson Ave Atlantic City, NJ 08401

Venice Park Neighborhood

Estimated Value: $281,172 - $367,000

-- Bed
-- Bath
876 Sq Ft
$367/Sq Ft Est. Value

Last Sold May 30, 2023

Last sale price $240,000 $274 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $2,259/month

68 Days on Market

Highlights

  • Living Room
  • Dining Room
  • Baseboard Heating

About This Home

As of May 2023

BACK ON THE MARKET! This duplex has an upstairs unit that features 2 bedrooms, 1 bath and sunporch that could be a possible third sleeping area. Large living room and dining room and renovate bathroom. The ground floor features 3 bedrooms, 1 bath, updated kitchen and tile flooring throughout. Lot next door to property is included. Newly installed electric baseboard heat upstairs and downstairs.. Call today!!

Last Agent to Sell the Property

Paula Hartman

BHHS FOX and ROACH-Margate Listed on: 02/16/2023

BHHS FOX and ROACH-Margate

Co-Listed By

Todd Gordon

BHHS FOX and ROACH-Margate III

Last Buyer's Agent

AGENT NON-MEMBER

NON-MEMBER OFFICE License #00000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,079

Lot Details

  • 4,487

Parking

  • 1 Car Garage

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • Living Room
  • Dining Room
  • Stove

Additional Features

  • Lot Dimensions are 60x75
  • Baseboard Heating

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,079

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Duplex
  • Lvt Date: 02/16/2023
  • Age: 25+ Years
  • Allow Comsumer Comment: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Electric Stove
  • Other Rooms: Dining Room, Kitchen, Living Room

Exterior Features

  • Outside Features: Curbs, Sidewalks
  • Siding Exterior: Vinyl

Garage/Parking

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

Utilities

  • Heating: Baseboard, Electric
  • Sewer: Public Sewer
  • Water: Public

Lot Info

  • Lot Dimensions: 60x75

Multi Family

  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2023
Closed on
Jun 16, 2023
Sold by
Equity Trust Co
Bought by
Leone Investments Llc
Seller's Agent
Paula Hartman
BHHS FOX and ROACH-Margate
Buyer's Agent
AGENT NON-MEMBER
NON-MEMBER OFFICE
List Price
$249,000
Sold Price
$240,000
Premium/Discount to List
-$9,000
-3.61%
Views
229
Current Estimated Value
$321,543

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,543
Avg. Annual Appreciation
13.88%
Original Mortgage
$192,000
Outstanding Balance
$187,334
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$134,209

Purchase Details

Closed on
Sep 30, 2020
Sold by
Loan Portfolio Llc
Bought by
Equity Trust Company and Sara Gindi Ira

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
12%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 23, 2020
Sold by
Loan Portfolio Llc
Bought by
Equity Trust and Sara Gindi Ira

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
12%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 21, 2018
Sold by
Calla Holdings Llc
Bought by
Loan Portfolio Llc

Purchase Details

Closed on
May 4, 2015
Sold by
Evans Kenneth Drew
Bought by
Evans Nicole
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
Leone Investments Llc $240,000 Land Title
Equity Trust Company $73,500 Dekel Abstract Llc
Equity Trust $73,500 None Listed On Document
Loan Portfolio Llc $54,559 None Listed On Document
Loan Portfolio Llc $54,559 None Available
Evans Nicole -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leone Investments Llc $192,000
Previous Owner Equity Trust Company $180,000
Previous Owner Equity Trust $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2023 05/30/23 Sold $240,000 -3.6% $274 / Sq Ft
04/25/2023 04/25/23 Pending -- -- --
02/16/2023 02/16/23 For Sale $249,000 -- $284 / 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 $6,079 $176,100 $38,000 $138,100
2024 $6,079 $176,100 $38,000 $138,100
2023 $3,649 $96,600 $38,000 $58,600
2022 $3,649 $96,600 $38,000 $58,600
2021 $3,768 $96,600 $38,000 $58,600
2020 $3,800 $96,600 $38,000 $58,600
2019 $4,940 $124,000 $46,900 $77,100
2018 $7,688 $217,600 $140,500 $77,100
2017 $7,444 $217,600 $140,500 $77,100
2016 $8,399 $217,600 $140,500 $77,100
2015 $7,446 $217,600 $140,500 $77,100
2014 $7,285 $217,600 $140,500 $77,100
Source: Public Records

Agents Affiliated with this Home

  • Paula Hartman

    Seller's Agent in 2023

    Paula Hartman

    BHHS Fox & Roach

    (609) 487-7234

    13 in this area

    764 Total Sales

    Paula Hartman
    Section Image
  • Todd Gordon

    Seller Co-Listing Agent in 2023

    Todd Gordon

    BHHS FOX and ROACH-Margate III

    (609) 553-5098

    14 in this area

    445 Total Sales

    Todd Gordon
    Section Image

  • A

    Buyer's Agent in 2023

    AGENT NON-MEMBER

    NON-MEMBER OFFICE

See All Agents

Map

Source: South Jersey Shore Regional MLS

MLS Number: 571218

South Jersey Shore Regional MLS

APN: 02-00688-0000-00010

New Jersey Atlantic County Atlantic City 08401 Venice Park

1408 Emerson Ave, Atlantic City, NJ

This home is located at 1408 Emerson Ave, Atlantic City, NJ 08401 since 16 February 2023 and is currently estimated at $321,543, approximately $367 per square foot. 1408 Emerson Ave is a home located in Atlantic County with nearby schools including Dr. Martin Luther King Jr. School Complex, 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.

South Jersey Shore Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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