NOT LISTED FOR SALE

16 N Newark Ave Ventnor City, NJ 08406

Estimated Value: $647,408 - $710,000

-- Bed
-- Bath
-- Sq Ft
3,049 Sq Ft Lot

Last Sold August 19, 2022

Last sale price $530,000

Est. 31% increase in value since last sale

Current estimated payment $4,385/month

6 Days on Market

Highlights

  • 1 Car Detached Garage
  • Patio
  • Laundry Room
  • Eat-In Kitchen
  • Living Room
  • Dining Room

About This Home

As of August 2022

Opportunity is knocking! Lovely MulitFamily home in Ventnor City boasts 2 spacious units & endless possibilities! Sitauted in a great location, you're only 1.5 blocks to Ventnor City Beach and boardwalk, shopping, dining, public transit & just a short ride to iconic Atlantic City amusements & nightlife. Unit 1 offers 2 Bedrooms, 1 Full Bath, Living rm & Kitchen with granite counters + ceramic flrs. Unit 2 offers even more living space with a sizable Living rm, seperate Dining rm, Eat-in-Kitchen, convenient 1/2 bath & versatile Office space with in-unit Laundry. 3 generous Bedrooms & 1 Full bath upstairs! Private entrances, Rear Patio + Yard area & Detached 1 Car Garage with ample parking. An excellent investment opportunity & great rental property! Lots of possibilities here - come & see TODAY!

Last Agent to Sell the Property

Robert Dekanski

Re/Max 1st Advantage Listed on: 07/05/2022

Re/Max 1st Advantage

Last Buyer's Agent

Rene Kane

BHHS FOX and ROACH-Margate

BHHS FOX and ROACH-Margate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,382

Year Built

  • Built in 1940

Lot Details

  • Lot Dimensions are 76x38
  • Fenced

Parking

  • 1 Car Detached Garage

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • Ceiling Fan
  • Living Room
  • Dining Room

Kitchen

  • Eat-In Kitchen
  • Stove
  • Microwave
  • Dishwasher

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Patio

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,382

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Duplex
  • Lvt Date: 07/05/2022
  • Year Built: 1940
  • Allow Comsumer Comment: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Washer
  • Other Rooms: Dining Room, Eat In Kitchen, Laundry/Utility Rm, Living Room

Exterior Features

  • Outside Features: Curbs, Fenced Yard, Patio, Sidewalks
  • Siding Exterior: Vinyl

Garage/Parking

  • Driveway: Concrete
  • Garage: One Car, Detached Garage
  • Parking Exterior: Three Or More Cars

Utilities

  • Air Conditioner: Ceiling Fan(s), Wall Units, Window Units
  • Heating: Baseboard, Gas-Natural, Radiator
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas

Lot Info

  • Lot Dimensions: 76x38

Rental Info

  • Rental Information: Lease Required

Multi Family

  • Number Of Units: 2
  • Number Of2 Bedroom Units: 1
  • Number Of3 Bedroom Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 5, 2022
Closed on
Aug 15, 2022
Sold by
Jimenez Teresa A
Bought by
Fausto Michael
Seller's Agent
Robert Dekanski
Re/Max 1st Advantage
Buyer's Agent
Rene Kane
BHHS FOX and ROACH-Margate
List Price
$525,000
Sold Price
$530,000
Premium/Discount to List
$5,000
0.95%
Current Estimated Value
$691,852

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$161,852
Avg. Annual Appreciation
9.23%
Original Mortgage
$371,000
Interest Rate
5.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 8, 2016
Sold by
Hierro Juan Jimenez
Bought by
Hierro Juan Jimenez and Jimenez Teresa A

Purchase Details

Closed on
Sep 6, 2001
Sold by
Louxz Shak and Louxz Wendy
Bought by
Hierro Juan Jimenez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,200
Interest Rate
6.91%

Purchase Details

Closed on
Oct 1, 1998
Sold by
Ravese Jeanne
Bought by
Warner Wendy and Louxz Shak

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,800
Interest Rate
6.92%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 29, 1992
Sold by
Ravese Richard T
Bought by
Ravese Jeanne
Source: Public Records

Range of Values:

Collateral Analytics

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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
Fausto Michael $530,000 --
Hierro Juan Jimenez -- None Available
Hierro Juan Jimenez $116,000 --
Warner Wendy $120,000 The Title Company
Ravese Jeanne -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fausto Michael $371,000
Previous Owner Jimenez Hierro Juan $160,000
Previous Owner Hierro Juan Jimenez $110,200
Previous Owner Warner Wendy $81,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2022 08/19/22 Sold $530,000 +1.0% --
07/11/2022 07/11/22 Pending -- -- --
07/05/2022 07/05/22 For Sale $525,000 -- --
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 $7,382 $270,100 $131,300 $138,800
2024 $7,382 $270,100 $131,300 $138,800
2023 $6,697 $270,100 $131,300 $138,800
2022 $6,697 $270,100 $131,300 $138,800
2021 $6,740 $270,100 $131,300 $138,800
2020 $6,748 $270,100 $131,300 $138,800
2019 $6,982 $270,100 $131,300 $138,800
2018 $7,114 $270,100 $131,300 $138,800
2017 $7,152 $270,100 $131,300 $138,800
2016 $7,546 $345,200 $275,200 $70,000
2015 $7,477 $345,200 $275,200 $70,000
2014 $7,108 $345,200 $275,200 $70,000
Source: Public Records

Agents Affiliated with this Home

  • Robert Dekanski

    Seller's Agent in 2022

    Robert Dekanski

    RE/MAX

    (800) 691-0485

    1 in this area

    2,882 Total Sales

    Robert Dekanski
    Section Image
  • Rene Kane

    Buyer's Agent in 2022

    Rene Kane

    BHHS Fox & Roach

    (609) 703-8592

    59 in this area

    234 Total Sales

    Rene Kane
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 564797

South Jersey Shore Regional MLS

APN: 22-00128-0000-00018

New Jersey Atlantic County Ventnor City 08406

16 N Newark Ave, Ventnor City, NJ

This home is located at 16 N Newark Ave, Ventnor City, NJ 08406 since 05 July 2022 and is currently estimated at $691,852. This property was built in 1940. 16 N Newark Ave is a home located in Atlantic County with nearby schools including Ventnor Elementary School, Ventnor Middle School, and St. James Elementary School.

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