NOT LISTED FOR SALE

1421 Drexel Ave Atlantic City, NJ 08401

Westside Neighborhood

Estimated Value: $143,000 - $202,000

-- Bed
-- Bath
1,352 Sq Ft
$133/Sq Ft Est. Value

Last Sold May 15, 2024

Last sale price $174,000 $129 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $1,170/month

28 Days on Market

Highlights

  • Porch
  • Air Conditioning
  • Forced Air Heating System

About This Home

As of May 2024

This is a legal duplex and a great opportunity for investment income or for someone to live in one unit and rent out the other. Each unit consists of 2 bedrooms and 1 bathroom. The 1st-floor unit is currently rented for $1,400.00 per month and has an up-to-date 1-year lease. The 2nd-floor unit will require renovation but has a potential rental income of $1,500.00 per month. The property is located in close proximity to the casinos and beaches of Atlantic City.

Last Agent to Sell the Property

Goran Cedevski

BHHS FOX and ROACH-Northfield Listed on: 03/04/2024

BHHS FOX and ROACH-Northfield

Last Buyer's Agent

Maureen Leong

Keller Williams Team Realty

Keller Williams Team Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,554

Lot Details

  • 1,002

Parking

  • Off-Site Parking

Home Design

  • Duplex
  • Brick Exterior Construction

Utilities

  • Air Conditioning
  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Gas Water Heater

Additional Features

  • Stove
  • Porch

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,554

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Duplex
  • Lvt Date: 03/04/2024
  • Age: 25+ Years
  • Allow Comsumer Comment: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Gas Stove, Refrigerator
  • Other Rooms: Kitchen

Exterior Features

  • Outside Features: Curbs, Porch, Sidewalks
  • Siding Exterior: Brick
  • Storm Screens: Combination

Garage/Parking

  • Parking Exterior: Off Site Parking

Utilities

  • Air Conditioner: Electric, Window Units
  • Heating: Forced Air, Gas-Natural
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas

Lot Info

  • Lot Dimensions: 0.0233

Rental Info

  • Rental Information: Yearly

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 27, 2024
Sold by
1421 Drexel Ac Llc
Bought by
3 Properties Snj Llc
Current Estimated Value
$179,583

Purchase Details

Listed on
Mar 4, 2024
Closed on
May 17, 2024
Sold by
1421 Drexel Ave Llc
Bought by
1421 Drexel Ac Llc
Seller's Agent
Goran Cedevski
BHHS FOX and ROACH-Northfield
Buyer's Agent
Maureen Leong
Keller Williams Team Realty
List Price
$199,000
Sold Price
$174,000
Premium/Discount to List
-$25,000
-12.56%
Views
60

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.37%

Purchase Details

Closed on
May 4, 2022
Sold by
Investher Llc
Bought by
1421 Drexel Ave Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,250
Interest Rate
5.3%
Mortgage Type
Construction

Purchase Details

Closed on
May 13, 2021
Sold by
Alpha Holdings Llc
Bought by
Investher Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 6, 2021
Sold by
Nelson Donna P
Bought by
Alpha Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,000
Interest Rate
3%
Mortgage Type
New Conventional
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
3 Properties Snj Llc -- None Listed On Document
3 Properties Snj Llc -- None Listed On Document
1421 Drexel Ac Llc $174,000 Cornerstone Title Agency
1421 Drexel Ave Llc $105,000 Fidelity National Title
Investher Llc $80,000 All Ahead Title
Alpha Holdings Llc $38,000 All Ahead Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 1421 Drexel Ave Llc $125,250
Previous Owner Investher Llc $87,000
Previous Owner Nelson Donna P $44,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2024 05/15/24 Sold $174,000 -13.0% $129 / Sq Ft
03/04/2024 03/04/24 Price Changed $199,900 +0.5% $148 / Sq Ft
03/04/2024 03/04/24 For Sale $199,000 0.0% $147 / Sq Ft
02/06/2023 02/06/23 Rented -- -- --
11/21/2022 11/21/22 For Rent $1,350 +3.8% --
08/22/2022 08/22/22 Rented -- -- --
07/18/2022 07/18/22 Price Changed $1,300 -7.1% $1 / Sq Ft
06/22/2022 06/22/22 For Rent $1,400 -- --
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 $2,554 $148,000 $19,000 $129,000
2024 $2,554 $74,000 $19,000 $55,000
2023 $2,795 $74,000 $19,000 $55,000
2022 $2,795 $74,000 $19,000 $55,000
2021 $2,887 $74,000 $19,000 $55,000
2020 $2,911 $74,000 $19,000 $55,000
2019 $2,789 $70,000 $10,000 $60,000
2018 $2,473 $70,000 $10,000 $60,000
2017 $4,105 $120,000 $50,000 $70,000
2016 $4,632 $120,000 $50,000 $70,000
2015 $4,106 $120,000 $50,000 $70,000
2014 $4,018 $120,000 $50,000 $70,000
Source: Public Records

Agents Affiliated with this Home

  • Goran Cedevski

    Seller's Agent in 2024

    Goran Cedevski

    BHHS Fox & Roach

    (609) 334-0238

    1 in this area

    99 Total Sales

    Goran Cedevski
    Section Image

  • M

    Buyer's Agent in 2024

    Maureen Leong

    Keller Williams Team Realty

    (973) 842-8326

    1 in this area

    35 Total Sales

    Maureen Leong
    Section Image
  • Shaun Crews

    Seller's Agent in 2023

    Shaun Crews

    BALSLEY/LOSCO

    (609) 513-2133

    1 in this area

    66 Total Sales

    Shaun Crews
    Section Image
  • Silvette Rivera

    Buyer's Agent in 2023

    Silvette Rivera

    Weichert Corporate

    (856) 238-2082

    5 in this area

    81 Total Sales

    Silvette Rivera
    Section Image
  • Danielle Collette

    Seller's Agent in 2022

    Danielle Collette

    BALSLEY/LOSCO-VENTNOR

    (609) 338-8072

    2 in this area

    96 Total Sales

    Danielle Collette
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 582823

South Jersey Shore Regional MLS

APN: 02-00457-0000-00009

New Jersey Atlantic County Atlantic City 08401 Westside

1421 Drexel Ave, Atlantic City, NJ

This home is located at 1421 Drexel Ave, Atlantic City, NJ 08401 since 04 March 2024 and is currently estimated at $179,583, approximately $132 per square foot. 1421 Drexel 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.

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.
Information is deemed reliable but not guaranteed.
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