NOT LISTED FOR SALE

1505 Madison Ave Atlantic City, NJ 08401

Venice Park Neighborhood

Estimated Value: $212,573 - $281,000

3 Beds
1.5 Baths
740 Sq Ft
$341/Sq Ft Est. Value

Last Sold August 07, 2020

Last sale price $120,000 $162 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $1,626/month

109 Days on Market

Highlights

  • Wood Flooring
  • Porch
  • Patio

About This Home

As of August 2020

Remodeled 1.5 Story Venice Park Home with a new roof, kitchen, bathroom. flooring , heat and concrete patio. Taxes $1992 gives you an 11% cap rate. Grant Money for downpayment may be available for downpayment for first time homebuyers.

Last Agent to Sell the Property

Michael Mackenzie

BHHS FOX and ROACH-Northfield Listed on: 12/06/2019

BHHS FOX and ROACH-Northfield

Last Buyer's Agent

SOPHEAP (SHAYDE) ROEUN

eXp Realty - Montclair License #1754742

eXp Realty - Montclair

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,010

Lot Details

  • Lot Dimensions are 30 x 75

Home Design

  • Vinyl Siding

Interior Spaces

  • 1.5-Story Property
  • Crawl Space

Kitchen

  • Stove
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Patio
  • Porch

Utilities

  • Heating System Uses Natural Gas
  • Gas Water Heater

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,010

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 1 1/2 Story
  • Age: 25+ Years
  • Lvt Date: 12/06/2019
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Dryer, Gas Stove, Refrigerator, Washer
  • Flooring: Laminate Flooring, W/W Carpet, Wood
  • Interior Amenities: Carbon Monoxide Detector, Smoke/Fire Alarm
  • Bedrooms: 3
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Basement: Crawl Space

Exterior Features

  • Outside Features: Patio, Porch
  • Siding Exterior: Vinyl

Utilities

  • Heating: Gas-Natural
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas

Lot Info

  • Lot Dimensions: 30 x 75
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 6, 2019
Closed on
Jul 30, 2020
Sold by
Prototype Construction Llc
Bought by
Collins Ashana L
Seller's Agent
Michael Mackenzie
BHHS FOX and ROACH-Northfield
Buyer's Agent
SOPHEAP (SHAYDE) ROEUN
eXp Realty - Montclair
List Price
$124,900,000
Sold Price
$120,000
Premium/Discount to List
-$124,780,000
-99.9%
Current Estimated Value
$252,393

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$132,393
Avg. Annual Appreciation
15.76%
Original Mortgage
$111,465
Outstanding Balance
$99,099
Interest Rate
3%
Mortgage Type
FHA
Estimated Equity
$153,294

Purchase Details

Listed on
Oct 8, 2016
Closed on
Jan 10, 2017
Sold by
Federal National Mortgage Association
Bought by
Protot Ype Construction Llc
Seller's Agent
Charles Miltenberger
Vylla Home - Northfield
Buyer's Agent
Michael Mackenzie
BHHS FOX and ROACH-Northfield
List Price
$18,100
Sold Price
$18,100

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
72.21%

Purchase Details

Closed on
Sep 20, 2016
Sold by
Balles Sheriff Frank X
Bought by
Federal National Mtg Assoc

Purchase Details

Closed on
Mar 5, 1999
Sold by
Hud
Bought by
Rosalin David L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$21,700
Interest Rate
6.35%
Mortgage Type
Balloon
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
Collins Ashana L $120,000 Surety Title Company
Protot Ype Construction Llc $18,100 None Available
Federal National Mtg Assoc $1,000 --
Rosalin David L $31,050 Surety Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Collins Ashana L $6,606
Open Collins Ashana L $111,465
Previous Owner Rosalin David L $84,000
Previous Owner Rosalin David L $64,000
Previous Owner Rosalin David L $21,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/07/2020 08/07/20 Sold $120,000 0.0% $162 / Sq Ft
07/28/2020 07/28/20 Sold $120,000 -14.2% $162 / Sq Ft
07/13/2020 07/13/20 Pending -- -- --
06/10/2020 06/10/20 For Sale $139,900 +12.0% $189 / Sq Ft
03/24/2020 03/24/20 Pending -- -- --
12/06/2019 12/06/19 Price Changed $124,900 -99.9% $169 / Sq Ft
12/06/2019 12/06/19 For Sale $124,900,000 +689955.2% $168,784 / Sq Ft
02/02/2017 02/02/17 Sold $18,100 0.0% $24 / Sq Ft
01/03/2017 01/03/17 Pending -- -- --
10/08/2016 10/08/16 For Sale $18,100 -- $24 / 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 $3,010 $87,200 $29,000 $58,200
2024 $3,010 $87,200 $29,000 $58,200
2023 $3,294 $87,200 $29,000 $58,200
2022 $3,294 $87,200 $29,000 $58,200
2021 $3,402 $87,200 $29,000 $58,200
2020 $3,430 $87,200 $29,000 $58,200
2019 $1,992 $50,000 $30,000 $20,000
2018 $1,767 $50,000 $30,000 $20,000
2017 $4,789 $140,000 $90,700 $49,300
2016 $5,404 $140,000 $90,700 $49,300
2015 $4,791 $140,000 $90,700 $49,300
2014 $4,687 $140,000 $90,700 $49,300
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    Michael Mackenzie

    BHHS Fox & Roach

    (609) 576-6711

    38 Total Sales

    Michael Mackenzie
    Section Image

  • A

    Buyer's Agent in 2020

    AGENT NON-MEMBER

    NON-MEMBER OFFICE

  • SOPHEAP (SHAYDE) ROEUN

    Buyer's Agent in 2020

    SOPHEAP (SHAYDE) ROEUN

    eXp Realty - Montclair

    (609) 271-7455

    3 Total Sales

    SOPHEAP (SHAYDE) ROEUN
    Section Image
  • Charles Miltenberger

    Seller's Agent in 2017

    Charles Miltenberger

    Vylla Home - Northfield

    (609) 338-9992

    1 in this area

    62 Total Sales

    Charles Miltenberger
    Section Image

  • P

    Seller Co-Listing Agent in 2017

    PRISCELLIA HARGROVE

    eXp Realty - Montclair

    (609) 816-5038

    PRISCELLIA HARGROVE
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 531186

South Jersey Shore Regional MLS

APN: 02-00682-0000-00012

New Jersey Atlantic County Atlantic City 08401 Venice Park

1505 Madison Ave, Atlantic City, NJ

This home is located at 1505 Madison Ave, Atlantic City, NJ 08401 since 06 December 2019 and is currently estimated at $252,393, approximately $341 per square foot. 1505 Madison 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.
Information is deemed reliable but not guaranteed.
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