NOT LISTED FOR SALE

1424 Magellan Ave Atlantic City, NJ 08401

Westside Neighborhood

Estimated Value: $136,456 - $188,000

2 Beds
1 Bath
745 Sq Ft
$211/Sq Ft Est. Value

Last Sold October 15, 2015

Last sale price $5,000 $7 Per Sq Ft

Est. 3,037% increase in value since last sale

Current estimated payment $944/month

42 Days on Market

About This Home

As of October 2015

As IS Condition. Total Rehab or tear down, Owner and listing broker assumes no responsibility for any conditions of the property and is unaware of any conditions.

Last Agent to Sell the Property

Samy Sabbagh

CENTURY 21 ATLANTIC PROFESSIONAL REALTY Listed on: 09/02/2015

CENTURY 21 ATLANTIC PROFESSIONAL REALTY

Last Buyer's Agent

Medhat Zakhary

CENTURY 21 ATLANTIC PROFESSIONAL REALTY

CENTURY 21 ATLANTIC PROFESSIONAL REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,395

Year Built

  • Built in 1940

Lot Details

  • 1,481

Home Design

  • Ranch Style House
  • Aluminum Siding

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Additional Features

  • Crawl Space
  • Lot Dimensions are 26x56.25
  • Heating System Uses Oil

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,395

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: Ranch
  • Age: 25+ Years
  • Year Built: 1940
  • Special Features: 1028
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 2
  • Full Bathrooms: 1
  • Basement: Crawl Space

Exterior Features

  • Siding Exterior: Aluminum

Utilities

  • Heating: Oil, Underground Tank
  • Sewer: Public Sewer
  • Water: Public

Lot Info

  • Lot Dimensions: 26X56.25
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 5, 2020
Sold by
Hem Gary and Hem Patricia
Bought by
Maintenance & Realty Llc
Current Estimated Value
$156,864

Purchase Details

Listed on
Sep 2, 2015
Closed on
Oct 14, 2015
Sold by
Bayview Loan Servicing Llc
Bought by
Hem Gary and Hem Patricia
Seller's Agent
Samy Sabbagh
CENTURY 21 ATLANTIC PROFESSIONAL REALTY
Buyer's Agent
Medhat Zakhary
CENTURY 21 ATLANTIC PROFESSIONAL REALTY
List Price
$5,000
Sold Price
$5,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
42.07%

Purchase Details

Listed on
Sep 2, 2015
Closed on
Aug 18, 2015
Sold by
Free Mel
Bought by
Bayview Loan Servicing Llc
Seller's Agent
Samy Sabbagh
CENTURY 21 ATLANTIC PROFESSIONAL REALTY
Buyer's Agent
Medhat Zakhary
CENTURY 21 ATLANTIC PROFESSIONAL REALTY
List Price
$5,000
Sold Price
$5,000

Purchase Details

Closed on
Dec 1, 2006
Sold by
Smith Richard
Bought by
El Mel Free

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,544
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 31, 1995
Sold by
Hamda Siraj and Mamme Abdi
Bought by
Smith Richard

Purchase Details

Closed on
Jun 29, 1994
Sold by
Housing & Urban Dev
Bought by
Hamda Siraj and Mamme Abdi
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
Maintenance & Realty Llc $26,000 Cape Atlantic Title Agcy Llc
Hem Gary $5,000 Interstate 1St Title Agency
Bayview Loan Servicing Llc -- Attorney
El Mel Free $144,000 --
Smith Richard $49,000 Congress Title Corp
Hamda Siraj $20,670 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner El Mel Free $131,544
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2015 10/15/15 Sold $5,000 0.0% $7 / Sq Ft
10/14/2015 10/14/15 Pending -- -- --
09/02/2015 09/02/15 For Sale $5,000 -- $7 / 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 $1,395 $40,400 $20,800 $19,600
2024 $1,395 $40,400 $20,800 $19,600
2023 $1,526 $40,400 $20,800 $19,600
2022 $1,526 $40,400 $20,800 $19,600
2021 $1,576 $40,400 $20,800 $19,600
2020 $1,589 $40,400 $20,800 $19,600
2019 $2,669 $67,000 $25,000 $42,000
2018 $2,367 $67,000 $25,000 $42,000
2017 $2,292 $67,000 $25,000 $42,000
2016 $4,701 $121,800 $80,100 $41,700
2015 $4,168 $121,800 $80,100 $41,700
2014 $4,078 $121,800 $80,100 $41,700
Source: Public Records

Agents Affiliated with this Home

  • Samy Sabbagh

    Seller's Agent in 2015

    Samy Sabbagh

    CENTURY 21 ATLANTIC PROFESSIONAL REALTY

    (609) 517-1398

    4 in this area

    169 Total Sales

    Samy Sabbagh
    Section Image
  • Medhat Zakhary

    Buyer's Agent in 2015

    Medhat Zakhary

    CENTURY 21 ATLANTIC PROFESSIONAL REALTY

    (609) 226-2480

    26 Total Sales

    Medhat Zakhary
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 454248

South Jersey Shore Regional MLS

APN: 02-00522-0000-00007

New Jersey Atlantic County Atlantic City 08401 Westside

1424 Magellan Ave, Atlantic City, NJ

This home is located at 1424 Magellan Ave, Atlantic City, NJ 08401 since 02 September 2015 and is currently estimated at $156,864, approximately $210 per square foot. This property was built in 1940. 1424 Magellan 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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