NOT LISTED FOR SALE

Atlantic Palace 1515 Boardwalk Unit 1606 Atlantic City, NJ 08401

Downtown Atlantic City Neighborhood

Estimated Value: $133,000 - $185,000

-- Bed
1 Bath
-- Sq Ft
0.95 Acres

Last Sold August 13, 2021

Last sale price $82,000

Est. 109% increase in value since last sale

Current estimated payment $1,262/month

190 Days on Market

Highlights

  • Ocean Front
  • Clubhouse
  • Sauna
  • Building is beachfront but unit may not have water views
  • Deck
  • Community Pool

About This Home

As of August 2021

Hurry, Summer is here after last years lock down. Spectacular Boardwalk, Ocean and pier views from this newly renovated 16th floor direct ocean view condo. Everything is new, just move right in. A few steps down the boardwalk in either direction to Atlantic City Casinos. Close to public transportation and many Atlantic City Restaurants. Converted Time share building has a spa, Pool and many other amenities as well. This is a Fannie Mae HomePath property.

Last Agent to Sell the Property

Charles Miltenberger

Vylla Home - Atlantic City License #0451730 Listed on: 01/19/2021

Last Buyer's Agent

Charles Miltenberger

Vylla Home - Atlantic City License #0451730 Listed on: 01/19/2021

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,884

Year Built

  • Built in 1986

Lot Details

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

Parking

  • 1 Car Garage

Home Design

  • Concrete Siding

Kitchen

  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • Bathroom on Main Level
  • 1 Full Bathroom

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Water Views
  • Deck

Community Details

Overview

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

Amenities

  • Building Patio
  • Sauna
  • Clubhouse
  • Laundry Facilities
  • Elevator
  • Community Storage Space

Recreation

  • Community Boardwalk
  • Outdoor Community Showers
  • Community Pool

Pet Policy

  • No Pets Allowed

Security

  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,884

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Lvt Date: 01/19/2021
  • Year Built: 1986
  • Age: 25+ Years
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Eleven Or More
  • Unit Location: Water View
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Appliances: Dishwasher, Electric Stove, Microwave, Refrigerator
  • Full Bathrooms: 1
  • Bathroom 1 Level: Main
  • Kitchen: On Level: Main
  • Living Room: On Level: Main
  • Common Area Features: Clubhouse/Clubroom, Deck/Porch, Elevator, Laundromat On Site, Outside Shower, Patio, Pool, Sauna, Security, Storage Facility

Exterior Features

  • Siding Exterior: Concrete

Garage/Parking

  • Garage: One Car

Utilities

  • Air Conditioner: Central
  • Heating: Forced Air
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater: Electric

Condo/Co-op/Association

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

Lot Info

  • Location: Beach Block, Boardwalk Front, Ocean Front, Boardwalk Area, Water View

Rental Info

  • Pets: No Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2021
Closed on
Aug 13, 2021
Sold by
Fannie Mae
Bought by
Raju Dandu and Alluri Jyothi
Seller's Agent
Charles Miltenberger
Vylla Home - Atlantic City
Buyer's Agent
Charles Miltenberger
Vylla Home - Atlantic City
List Price
$105,000
Sold Price
$82,000
Premium/Discount to List
-$23,000
-21.9%
Current Estimated Value
$171,294

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,294
Avg. Annual Appreciation
23.00%

Purchase Details

Closed on
Oct 22, 2019
Sold by
Riccardi Michael A and Riccardi Judith An
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jul 11, 2014
Sold by
Riccardi Michael A and Riccardi Judith Ann
Bought by
Lipo Anthony

Purchase Details

Closed on
May 30, 2012
Sold by
Riccardi Michael A and Riccardi Judith
Bought by
Bac Home Loan Servicing Lp
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
Raju Dandu $82,000 Bright Line Title Llc
Federal National Mortgage Association $1,000 None Available
Lipo Anthony -- None Available
Bac Home Loan Servicing Lp -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Riccardi Michael $151,920
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/13/2021 08/13/21 Sold $82,000 -8.8% --
07/28/2021 07/28/21 Pending -- -- --
07/08/2021 07/08/21 Price Changed $89,900 -3.2% --
06/07/2021 06/07/21 Price Changed $92,900 -6.6% --
05/10/2021 05/10/21 Price Changed $99,500 -2.9% --
04/01/2021 04/01/21 Price Changed $102,500 -2.4% --
01/19/2021 01/19/21 For Sale $105,000 -- --
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
2024 $3,884 $112,500 $55,000 $57,500
2023 $4,249 $112,500 $55,000 $57,500
2022 $4,249 $112,500 $55,000 $57,500
2021 $4,389 $112,500 $55,000 $57,500
2020 $4,426 $112,500 $55,000 $57,500
2019 $7,617 $191,200 $125,000 $66,200
2018 $6,755 $191,200 $125,000 $66,200
2017 $6,541 $191,200 $125,000 $66,200
2016 $7,380 $191,200 $125,000 $66,200
2015 $6,543 $191,200 $125,000 $66,200
2014 $6,401 $191,200 $125,000 $66,200
Source: Public Records

Agents Affiliated with this Home

  • Charles Miltenberger

    Seller's Agent in 2021

    Charles Miltenberger

    Vylla Home - Atlantic City

    (609) 338-9992

    3 in this area

    62 Total Sales

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About Atlantic Palace

Map

Source: South Jersey Shore Regional MLS

MLS Number: 546351

South Jersey Shore Regional MLS

APN: 02-00050-0000-00031-0000-C1606

New Jersey Atlantic County Atlantic City 08401 Downtown Atlantic City

1515 Boardwalk Unit 1606, Atlantic City, NJ

This home is located at 1515 Boardwalk Unit 1606, Atlantic City, NJ 08401 since 19 January 2021 and is currently estimated at $167,727. This property was built in 1986. 1515 Boardwalk Unit 1606 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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