NOT LISTED FOR SALE

1513 Penrose Ave Atlantic City, NJ 08401

Venice Park Neighborhood

Estimated Value: $125,000 - $290,000

4 Beds
2 Baths
1,490 Sq Ft
$154/Sq Ft Est. Value

Last Sold September 28, 2018

Last sale price $49,500 $33 Per Sq Ft

Est. 363% increase in value since last sale

Current estimated payment $1,567/month

35 Days on Market

About This Home

As of September 2018

NOTE: THE PROPERTY IS BEING SOLD OCCUPIED WITH NO INTERIOR ACCESS AVAILABLE. Do not call for interior access. This property is being sold occupied. It will be responsibility of buyer to evict prior owner after settlement. Interior condition unknown, but assumed to be in need of repairs. Property is being sold in strictly "as is/where is" condition. This property is now under auction terms. All offers should be submitted through www.Auction.com. This property is subject to a 5% buyer’s premium pursuant to the Auction Terms & Conditions (minimums may apply). All auction assets will be sold subject to seller approval. Auction bidding will begin on 7/1/2018 and conclude on 7/3/2018.

Last Agent to Sell the Property

Alan Korik

FARLEY and FERRY REALTY, INC Listed on: 06/18/2018

Co-Listed By

Mike Christakos

FARLEY and FERRY REALTY, INC

Last Buyer's Agent

Alan Korik

FARLEY and FERRY REALTY, INC Listed on: 06/18/2018

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,811

Year Built

  • Built in 1925

Lot Details

  • 2,788

Parking

  • 2 Car Detached Garage

Interior Spaces

  • 2-Story Property
  • Unfinished Basement
  • Partial Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • Porch
  • Lot Dimensions are 37x75
  • Heating System Uses Natural Gas

Community Details

  • Venice Park Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,811

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 2 Story
  • Age: 25+ Years
  • Lvt Date: 06/19/2018
  • Year Built: 1925
  • Special Features: 84
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Bedrooms: 4
  • Bedroom 1: On Level: Upper
  • Bedroom 2: On Level: Upper
  • Bedroom 3: On Level: Upper
  • Full Bathrooms: 2
  • Bathroom 1 Level: Upper
  • Basement: Partial, Unfinished
  • Kitchen: On Level: Main
  • Living Room: On Level: Main

Exterior Features

  • Outside Features: Porch
  • Siding Exterior: Masonry/Block

Garage/Parking

  • Driveway: Concrete
  • Garage: Detached Garage
  • Parking Exterior: Two Car

Utilities

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

Lot Info

  • Lot Dimensions: 37x75
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2018
Closed on
Sep 17, 2018
Sold by
The Bank Of New York Mellon
Bought by
Amen Mohamed I
Seller's Agent
Alan Korik
FARLEY and FERRY REALTY, INC
Buyer's Agent
Alan Korik
FARLEY and FERRY REALTY, INC
List Price
$50,900
Sold Price
$49,500
Premium/Discount to List
-$1,400
-2.75%
Current Estimated Value
$229,256

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$179,756
Avg. Annual Appreciation
24.88%

Purchase Details

Closed on
Feb 19, 2018
Sold by
Milory Smith and Midland Funding Llc
Bought by
The Bank Of New York Mellon and The Bank Of New York
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
Amen Mohamed I $49,500 The Title Co Of Jersey
The Bank Of New York Mellon $1,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Amen Mohamed I $150,500
Closed Amen Mohamed I $43,000
Previous Owner Smith Milroy $211,500
Previous Owner Smith Milroy $200,000
Previous Owner Smith Milroy $168,350
Previous Owner Smith Milroy $124,925
Previous Owner Smith Milroy $101,493
Previous Owner Smith Milroy $77,400
Previous Owner Smith Milroy $73,100
Previous Owner Smith Milroy $3,600
Previous Owner Smith Hilroy $5,243
Previous Owner Smith Milroy $24,195
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2018 09/28/18 Sold $49,500 +2.1% $33 / Sq Ft
07/23/2018 07/23/18 Pending -- -- --
07/18/2018 07/18/18 Price Changed $48,500 -4.7% $33 / Sq Ft
06/18/2018 06/18/18 For Sale $50,900 -- $34 / 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 $3,811 $110,400 $31,100 $79,300
2024 $3,811 $110,400 $31,100 $79,300
2023 $4,170 $110,400 $31,100 $79,300
2022 $4,170 $110,400 $31,100 $79,300
2021 $4,307 $110,400 $31,100 $79,300
2020 $4,343 $110,400 $31,100 $79,300
2019 $8,924 $224,000 $134,600 $89,400
2018 $7,664 $224,000 $134,600 $89,400
2017 $7,413 $224,000 $134,600 $89,400
2016 $8,396 $224,000 $134,600 $89,400
2015 $7,415 $224,000 $134,600 $89,400
2014 $7,250 $224,000 $134,600 $89,400
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2018

    Alan Korik

    FARLEY and FERRY REALTY, INC

    (609) 412-2913

    1 in this area

    18 Total Sales

    Alan Korik
    Section Image
  • Mike Christakos

    Seller Co-Listing Agent in 2018

    Mike Christakos

    FARLEY and FERRY REALTY, INC

    (917) 963-1081

    1 in this area

    9 Total Sales

    Mike Christakos
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 507144

South Jersey Shore Regional MLS

APN: 02-00678-0000-00015

New Jersey Atlantic County Atlantic City 08401 Venice Park

1513 Penrose Ave, Atlantic City, NJ

This home is located at 1513 Penrose Ave, Atlantic City, NJ 08401 since 18 June 2018 and is currently estimated at $229,256, approximately $153 per square foot. This property was built in 1925. 1513 Penrose 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.

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