NOT LISTED FOR SALE

Estimated Value: $149,822 - $207,000

-- Bed
1 Bath
-- Sq Ft
0.95 Acres

Last Sold November 22, 2023

Last sale price $165,000

Est. 8% increase in value since last sale

Current estimated payment $1,159/month

105 Days on Market

Highlights

  • Building is beachfront but unit may not have water views
  • Elevator
  • Community Whirlpool Spa
  • Clubhouse
  • Outdoor Community Showers
  • Security Service

About This Home

As of November 2023

STUDIO UNIT WITH EXPANSIVE VIEWS FROM THE 26TH FLOOR!! A stunning expanse of windows frames breathtaking ocean views and the lively boardwalk beyond! Complete with a dining area & adorable kitchenette that includes a two burner stove, microwave and refrigerator! The full bathroom includes a tub/shower combo with views of the ocean as well! This remarkable property boasts numerous additional features, making it an ideal investment opportunity as it is already listed on AirBNB or a perfect weekend escape! Located in the full service Atlantic Palace building, which includes amenities such as Billiards, Gym, Game Room, Hot Tub, Laundry Facilities, Outdoor Pool, Lounge and more! Convenient location with direct access to the boardwalk and walking distance to many casinos, including the Hard Rock , Oceans, Showboat, Resorts, and Bally's! DON'T MISS OUT!! CALL TODAY.

Last Agent to Sell the Property

Paula Hartman

BHHS FOX and ROACH-Margate License #SP-9807299 Listed on: 07/12/2023

BHHS FOX and ROACH-Margate

Co-Listed By

Todd Gordon

BHHS FOX and ROACH-Margate III License #0230073

BHHS FOX and ROACH-Margate III

Last Buyer's Agent

Todd Gordon

BHHS FOX and ROACH-Margate III License #0230073

BHHS FOX and ROACH-Margate III

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,013

Lot Details

  • 0.95

Parking

  • 1 Car Garage

Home Design

  • Concrete Siding

Kitchen

  • Stove
  • Microwave

Utilities

  • Central Air
  • Heating Available
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • 1 Full Bathroom
  • Building is beachfront but unit may not have water views

Community Details

Overview

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

Amenities

  • Courtesy Bus
  • Clubhouse
  • Laundry Facilities
  • Elevator

Recreation

  • Community Boardwalk
  • Outdoor Community Showers
  • Community Whirlpool Spa

Pet Policy

  • No Pets Allowed

Security

  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,013

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Converted Motel
  • Lvt Date: 07/12/2023
  • 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

  • Appliances: Electric Stove, Microwave, Refrigerator
  • Full Bathrooms: 1
  • Common Area Features: Bus Service, Cable Tv, Clubhouse/Clubroom, Elevator, Laundromat On Site, Outside Shower, Security, Whirlpool/Spa

Exterior Features

  • Siding Exterior: Concrete

Garage/Parking

  • Garage: One Car

Utilities

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

Condo/Co-op/Association

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

Lot Info

  • Location: Beach Block, Boardwalk Front, Boardwalk Area

Rental Info

  • Pets: No Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2023
Closed on
Nov 20, 2023
Sold by
Geosega Corp
Bought by
Yasin Mohammed
Seller's Agent
Paula Hartman
BHHS FOX and ROACH-Margate
Buyer's Agent
Todd Gordon
BHHS FOX and ROACH-Margate III
List Price
$190,000
Sold Price
$165,000
Premium/Discount to List
-$25,000
-13.16%
Views
209
Current Estimated Value
$177,956

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,956
Avg. Annual Appreciation
6.26%

Purchase Details

Listed on
Aug 24, 2018
Closed on
Dec 31, 2018
Sold by
Vitulli Joseph and Vitulli Joann
Bought by
Geosega Corp
Seller's Agent
Paula Hartman
BHHS FOX and ROACH-Margate
Buyer's Agent
Georgeanna Newmones
eXp Realty-Atlantic City
List Price
$69,900
Sold Price
$63,000
Premium/Discount to List
-$6,900
-9.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.71%

Purchase Details

Closed on
Feb 27, 1987
Bought by
Vitulli Joseph and Vitulli Joann
Source: Public Records

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Range of Values:

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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
Yasin Mohammed $165,000 Trident Land Transfer
Geosega Corp $63,000 The Title Co Of Jersey
Vitulli Joseph $161,900 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2023 11/22/23 Sold $165,000 -5.7% --
10/25/2023 10/25/23 Pending -- -- --
10/04/2023 10/04/23 Price Changed $175,000 -7.9% --
08/01/2023 08/01/23 For Sale $190,000 0.0% --
07/28/2023 07/28/23 Pending -- -- --
07/12/2023 07/12/23 For Sale $190,000 +201.6% --
12/31/2018 12/31/18 Sold $63,000 -9.9% --
10/20/2018 10/20/18 Pending -- -- --
10/10/2018 10/10/18 For Sale $69,900 0.0% --
10/01/2018 10/01/18 Pending -- -- --
08/24/2018 08/24/18 For Sale $69,900 -- --
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 $2,013 $58,300 $35,000 $23,300
2023 $2,202 $58,300 $35,000 $23,300
2022 $2,202 $58,300 $35,000 $23,300
2021 $2,274 $58,300 $35,000 $23,300
2020 $2,294 $58,300 $35,000 $23,300
2019 $2,191 $55,000 $27,500 $27,500
2018 $2,254 $63,800 $31,900 $31,900
2017 $2,183 $63,800 $31,900 $31,900
2016 $4,512 $116,900 $58,450 $58,450
2015 $4,000 $116,900 $58,450 $58,450
2014 $3,914 $116,900 $58,450 $58,450
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 575821

South Jersey Shore Regional MLS

APN: 02-00050-0000-00031-0000-C2607