NOT LISTED FOR SALE

Estimated Value: $130,000 - $181,000

-- Bed
1 Bath
-- Sq Ft
0.95 Acres

Last Sold August 06, 2021

Last sale price $81,000

Est. 95% increase in value since last sale

Current estimated payment $1,117/month

36 Days on Market

Highlights

  • Ocean Front
  • Sauna
  • Elevator
  • Building is beachfront but unit may not have water views
  • Community Pool
  • Outdoor Community Showers

About This Home

As of August 2021

OCEANFRONT STUDIO LOOKING OVER THE FAMOUS AC BOARDWALK!! Beautiful, direct ocean, beach and casino views from your large picture windows won't get old to wake up to in the morning! This well-maintained unit is the perfect beach getaway or investment property. This full service building features a popular rental program, 24 hour security, boardwalk location, gym, pool, sauna & more. Located on the 12th floor with a see through bathroom into the living room, this is one of the best locations in the building for views. Not to mention this is a great opportunity for an Air BnB. If you're looking for your next Atlantic City buy, this is it!! Call today for more info!

Last Agent to Sell the Property

Paula Hartman

BHHS FOX and ROACH-Margate Listed on: 06/08/2021

BHHS FOX and ROACH-Margate

Co-Listed By

Todd Gordon

BHHS FOX and ROACH-Margate III

Last Buyer's Agent

Nicholas Parsons

Long and Foster Real Estate Inc-Cape May

Long and Foster Real Estate Inc-Cape May

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,107

Lot Details

  • Building is beachfront but unit may not have water views
  • Ocean Front

Parking

  • 1 Car Garage

Home Design

  • Brick Exterior Construction
  • Concrete Siding

Additional Features

  • 1 Full Bathroom
  • Heat Pump System

Community Details

Overview

  • Association fees include amenities, insurance, maintenance, management, sewer, trash, water, cable, pool
  • Atlantic Palace Condos
  • 11-Story Property

Amenities

  • Sauna
  • Laundry Facilities
  • Elevator

Recreation

  • Community Boardwalk
  • Outdoor Community Showers
  • Community Pool
  • Community Whirlpool Spa

Pet Policy

  • No Pets Allowed

Security

  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,107

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Lvt Date: 06/08/2021
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Eleven Or More
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Full Bathrooms: 1
  • Common Area Features: Elevator, Laundromat On Site, Outside Shower, Pool, Sauna, Security, Whirlpool/Spa

Exterior Features

  • Siding Exterior: Brick, Concrete

Garage/Parking

  • Garage: One Car
  • Parking Exterior: One Car

Utilities

  • Heating: Heat Pump
  • Sewer: Public Sewer
  • Water: Public Water

Condo/Co-op/Association

  • HOA Includes: Amenities, Insurance, Maintenance, Management, Sewer, Trash, Water, Cable, Pool
  • Condo Name: Atlantic Palace
  • Management: Association, On-Site Professionals

Lot Info

  • Location: Beach Block, Boardwalk Front, Bulkheaded, Ocean Front

Rental Info

  • Pets: No Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2021
Closed on
Aug 3, 2021
Sold by
Chen David H T and Chen Joi Gwendyline
Bought by
Houghton Kevin
Seller's Agent
Paula Hartman
BHHS FOX and ROACH-Margate
Buyer's Agent
Nicholas Parsons
Long and Foster Real Estate Inc-Cape May
List Price
$85,000
Sold Price
$81,000
Premium/Discount to List
-$4,000
-4.71%
Current Estimated Value
$157,798

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,798
Avg. Annual Appreciation
17.85%

Purchase Details

Closed on
Apr 4, 1987
Bought by
Chen David H T and Gwendyline Yy
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
Houghton Kevin $81,000 Infinity Title Agency
Chen David H T $156,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/06/2021 08/06/21 Sold $81,000 -4.7% --
07/14/2021 07/14/21 Pending -- -- --
06/08/2021 06/08/21 For Sale $85,000 -- --
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 $3,107 $90,000 $55,000 $35,000
2024 $3,107 $90,000 $55,000 $35,000
2023 $3,399 $90,000 $55,000 $35,000
2022 $3,399 $90,000 $55,000 $35,000
2021 $4,426 $90,000 $55,000 $35,000
2020 $4,426 $112,500 $55,000 $57,500
2019 $2,462 $61,800 $30,900 $30,900
2018 $2,183 $61,800 $30,900 $30,900
2017 $2,114 $61,800 $30,900 $30,900
2016 $3,976 $103,000 $51,500 $51,500
2015 $3,525 $103,000 $51,500 $51,500
2014 $3,448 $103,000 $51,500 $51,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 551657

South Jersey Shore Regional MLS

APN: 02-00050-0000-00031-0000-C1205