NOT LISTED FOR SALE

15 N Morris Ave Atlantic City, NJ 08401

Chelsea Neighborhood

Estimated Value: $406,358 - $443,000

-- Bed
-- Bath
2,156 Sq Ft
$196/Sq Ft Est. Value

Last Sold July 19, 2022

Last sale price $240,000 $111 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $2,826/month

About This Home

As of July 2022

INVESTMENT! This well maintained triplex with 2156 sq ft WITH 3 Bedroom on the ground Floor and 2 two bedroom Units on the 2nd & 3rd floor, Fully occupied, Centrally Located , 2 blocks from the beach and close proximity to the Tropicana casino, with access to transportation and shops. Property Has Current Occupancy Permits and Sold AS IS. CALL Today for an Appointment!

Last Agent to Sell the Property

George Stefanides

G&L Real Estate Group Listed on: 03/26/2022

Last Buyer's Agent

Fatemeh Mohseni

BALSLEY/LOSCO

BALSLEY/LOSCO

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,180

Lot Details

  • 3,746

Home Design

  • Triplex
  • Shingle Siding
  • Brick Front

Laundry

  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • Shared Driveway

Utilities

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

Additional Features

  • Stove
  • Enclosed Patio or Porch
  • Lot Dimensions are 30 x 125

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,180

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Triplex
  • Age: 25+ Years
  • Allow Comsumer Comment: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dryer, Electric Stove, Gas Stove, Refrigerator, Washer

Exterior Features

  • Outside Features: Porch-Enclosed
  • Siding Exterior: Brick, Brick Face, Shingle
  • Storm Screens: Combination

Garage/Parking

  • Driveway: Shared
  • Parking Exterior: One Car

Utilities

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

Lot Info

  • Lot Dimensions: 30 x 125

Rental Info

  • Rental Information: 100 Percent Occupancy

Multi Family

  • Number Of Units: 3
  • Number Of2 Bedroom Units: 2
  • Number Of3 Bedroom Units: 1
  • Separate Meters: Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2022
Closed on
Jul 19, 2022
Sold by
Deconcini William
Bought by
Tran Vu
Seller's Agent
George Stefanides
G&L Real Estate Group
Buyer's Agent
Fatemeh Mohseni
BALSLEY/LOSCO
List Price
$250,000
Sold Price
$240,000
Premium/Discount to List
-$10,000
-4%
Current Estimated Value
$423,590

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$183,590
Avg. Annual Appreciation
18.97%
Source: Public Records

Range of Values:

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Average Value
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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
Tran Vu $240,000 Agents Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/19/2022 07/19/22 Sold $240,000 -4.0% $111 / Sq Ft
04/27/2022 04/27/22 Pending -- -- --
03/26/2022 03/26/22 For Sale $250,000 0.0% $116 / Sq Ft
09/07/2020 09/07/20 For Rent $1,150 -- --
09/01/2020 09/01/20 Rented -- -- --
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 $7,180 $208,000 $40,000 $168,000
2024 $7,180 $208,000 $40,000 $168,000
2023 $8,612 $228,000 $40,000 $188,000
2022 $8,612 $228,000 $40,000 $188,000
2021 $8,894 $228,000 $40,000 $188,000
2020 $8,970 $228,000 $40,000 $188,000
2019 $8,366 $210,000 $105,000 $105,000
2018 $7,419 $210,000 $105,000 $105,000
2017 $7,184 $210,000 $105,000 $105,000
2016 $8,106 $210,000 $105,000 $105,000
2015 $9,924 $290,000 $152,600 $137,400
2014 $9,709 $290,000 $152,600 $137,400
Source: Public Records

Agents Affiliated with this Home

  • George Stefanides

    Seller's Agent in 2022

    George Stefanides

    G&L Real Estate Group

    (609) 225-1591

    13 in this area

    43 Total Sales

    George Stefanides
    Section Image
  • Fatemeh Mohseni

    Buyer's Agent in 2022

    Fatemeh Mohseni

    BALSLEY/LOSCO

    (609) 437-6760

    18 in this area

    50 Total Sales

    Fatemeh Mohseni
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 561088

South Jersey Shore Regional MLS

APN: 02-00268-0000-00015

New Jersey Atlantic County Atlantic City 08401 Chelsea

15 N Morris Ave, Atlantic City, NJ

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