NOT LISTED FOR SALE

1428 Mediterranean Ave Unit A Atlantic City, NJ 08401

Westside Neighborhood

Estimated Value: $97,000 - $138,000

2 Beds
1 Bath
828 Sq Ft
$263/mo HOA Fee

Last Sold November 09, 2022

Last sale price $75,000 $91 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $969/month

145 Days on Market

About This Home

As of November 2022

Nice first-floor 2br 1ba condo! The model is a larger unit. Open floor plan, balcony, washer, dryer, and more in good condition. Currently, tenant- occupied on a month/month lease (in the process of eviction) for $910.00 (payment lower than the market rent).

Last Agent to Sell the Property

Tracey Newmones

EXP Realty, LLC Listed on: 05/04/2022

EXP Realty, LLC

Last Buyer's Agent

Tracey Newmones

EXP Realty, LLC Listed on: 05/04/2022

EXP Realty, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,462

Year Built

  • Built in 1985

Lot Details

  • 1,002

HOA Fees

  • $263 Monthly HOA Fees

Parking

  • 1 Assigned Parking Space

Home Design

  • Wood Siding

Interior Spaces

  • 828 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 00002
  • Assessor Parcel Number 02-00404-00002-C0119

Community Details

Overview

  • Association fees include trash, management, insurance
  • Jacobs Terrace Condos, Phone Number (609) 485-2005
  • Atlantic City Subdivision
  • Property Manager

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,462

Year Built

Built in 1985

Lot Details

0

HOA Fees

$263 per month

Listing Details

  • Property Type: Residential
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Year Built: 1985
  • Automatically Close On Close Date: No
  • Remarks Public: Nice first-floor 2br 1ba condo! The model is a larger unit. Open floor plan, balcony, washer, dryer, and more in good condition. Currently, tenant- occupied on a month/month lease (in the process of eviction) for $910.00 (payment lower than the market rent).
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dryer, Washer
  • Fireplace: No
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 828
  • Living Area Sq Ft: 828
  • Price Per Sq Ft: 120.65
  • Above Grade Finished Sq Ft: 828
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1428

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Wood Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 263.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Jacobs Terrace
  • Condo Co-Op Phone: 609-485-2005
  • HOA Condo Co-Op Fee Includes: Trash, Management, Insurance
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA: No
  • Senior Community: No

Schools

  • School District: ATLANTIC CITY SCHOOLS
  • School District Key: 300200396906
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 27500.00
  • Land Assessed Value: 10000.00
  • Lot Dimensions: 0.00 x 0.00
  • Year Assessed: 2021
  • Zoning: RM-2

Rental Info

  • Pets Allowed: No
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 3305478
  • Tax Annual Amount: 1462.00
  • Assessor Parcel Number: 02-00404-00002-C0119
  • Tax Lot: 00002
  • Tax Total Finished Sq Ft: 828
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 11/09/2022

MLS Schools

  • School District Name: ATLANTIC CITY SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2022
Closed on
Oct 27, 2022
Sold by
Collier Darryl
Bought by
1428 Mediterranean Ave Llc
Seller's Agent
Tracey Newmones
EXP Realty, LLC
Buyer's Agent
Tracey Newmones
EXP Realty, LLC
List Price
$99,900
Sold Price
$75,000
Premium/Discount to List
-$24,900
-24.92%
Views
48
Current Estimated Value
$112,754

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,754
Avg. Annual Appreciation
17.28%

Purchase Details

Closed on
Nov 29, 2011
Sold by
Shore Management Co Of Delaware Valley I
Bought by
Collier Darryl

Purchase Details

Closed on
Jun 9, 2009
Sold by
Shepperson Melvin J and Terrace Jacobs Family
Bought by
Shore Management Co Of Delaware Valley I
Source: Public Records

Range of Values:

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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
1428 Mediterranean Ave Llc $75,000 Surety Title
Collier Darryl $45,000 Foundation Title
Shore Management Co Of Delaware Valley I $34,800 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2022 11/09/22 Sold $75,000 -24.9% $91 / Sq Ft
09/26/2022 09/26/22 Pending -- -- --
05/04/2022 05/04/22 For Sale $99,900 -- $121 / Sq Ft
Source: Bright 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 $1,295 $37,500 $10,000 $27,500
2023 $1,416 $37,500 $10,000 $27,500
2022 $1,416 $37,500 $10,000 $27,500
2021 $1,463 $37,500 $10,000 $27,500
2020 $1,475 $37,500 $10,000 $27,500
2019 $1,992 $50,000 $25,000 $25,000
2018 $1,767 $50,000 $25,000 $25,000
2017 $1,711 $50,000 $25,000 $25,000
2016 $1,930 $50,000 $25,000 $25,000
2015 $1,711 $50,000 $25,000 $25,000
2014 $4,259 $127,200 $25,000 $102,200
Source: Public Records

Agents Affiliated with this Home

  • Tracey Newmones

    Seller's Agent in 2022

    Tracey Newmones

    EXP Realty, LLC

    (609) 944-8809

    15 in this area

    145 Total Sales

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Map

Source: Bright MLS

MLS Number: NJAC2003910

Bright MLS

APN: 02-00404-0000-00002-0000-C0119

New Jersey Atlantic County Atlantic City 08401 Westside

1428 Mediterranean Ave Unit A, Atlantic City, NJ

This home is located at 1428 Mediterranean Ave Unit A, Atlantic City, NJ 08401 since 04 May 2022 and is currently estimated at $112,243, approximately $135 per square foot. This property was built in 1985. 1428 Mediterranean Ave Unit A 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.

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