NOT LISTED FOR SALE

2 N Chelsea Ave Atlantic City, NJ 08401

Chelsea Neighborhood

Estimated Value: $310,218 - $536,000

-- Bed
-- Bath
1,424 Sq Ft
$280/Sq Ft Est. Value

Last Sold May 03, 2018

Last sale price $172,000 $121 Per Sq Ft

Est. 132% increase in value since last sale

Current estimated payment $2,635/month

25 Days on Market

Highlights

  • Deck
  • Attic Fan
  • Fenced

About This Home

As of May 2018

In demand location, 3 units Apartment building totally renovated. great condition. First floor apt. 3 bed room & one full bath rent for $950. secon Floor apt. 2 bed room and has full finished attic rent for $ 1,000 . Apt. # 3 has 2 bed room full bath looks georgeaous rent for $1,000. All units has brezilian H/W floors. Large front deck. in the back parking for 4 cars. Seperate electric owner pay the gas heat total $2,000 per year only. do not miss this one....Great cap rate 12.5%

Last Agent to Sell the Property

Rivka Nagel

BHHS FOX and ROACH-Margate Listed on: 01/19/2018

BHHS FOX and ROACH-Margate

Last Buyer's Agent

Rivka Nagel

BHHS FOX and ROACH-Margate Listed on: 01/19/2018

BHHS FOX and ROACH-Margate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,262

Lot Details

  • Lot Dimensions are 30x125
  • Fenced

Parking

  • 3 Parking Spaces

Home Design

  • Triplex
  • Vinyl Siding

Attic

  • Attic Fan

Basement

  • Heated Basement
  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Utilities

  • Heating System Uses Natural Gas
  • Separate Meters
  • Gas Water Heater

Additional Features

  • Stove
  • Deck

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,262

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Triplex
  • Lvt Date: 01/19/2018
  • Age: 25+ Years
  • Allow Comsumer Comment: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Gas Stove, Refrigerator
  • Basement: Full, Heated, Outside Entrance, Plumbing

Exterior Features

  • Outside Features: Deck, Fenced Yard, Sidewalks
  • Siding Exterior: Vinyl
  • Storm Screens: Combination

Garage/Parking

  • Driveway: Concrete
  • Parking Exterior: Three Or More Cars

Utilities

  • Air Conditioner: Attic Fan
  • Heating: Gas-Natural
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas

Lot Info

  • Lot Dimensions: 30X125

Rental Info

  • Rental Information: Lease Required, Yearly

Multi Family

  • Number Of Units: 3
  • Separate Meters: Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2018
Closed on
May 3, 2018
Sold by
Chowdhury Mohammed
Bought by
Le Dinh Ly and Vu Bich T
Seller's Agent
Rivka Nagel
BHHS FOX and ROACH-Margate
Buyer's Agent
Rivka Nagel
BHHS FOX and ROACH-Margate
List Price
$199,000
Sold Price
$172,000
Premium/Discount to List
-$27,000
-13.57%
Current Estimated Value
$398,305

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$226,305
Avg. Annual Appreciation
12.19%

Purchase Details

Closed on
Aug 2, 2016
Sold by
Balles Sheriff Frank X
Bought by
Chowdhury Mohammed

Purchase Details

Closed on
Apr 15, 2005
Sold by
Lin Shao P and Chen Fei C
Bought by
Delucco Sun C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$306,000
Interest Rate
6.95%
Mortgage Type
Fannie Mae Freddie Mac
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
Le Dinh Ly $172,000 None Available
Chowdhury Mohammed $66,500 --
Delucco Sun C $340,000 Infinity Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Delucco Sun C $340,000
Previous Owner Delucco Sun C $306,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/03/2018 05/03/18 Sold $172,000 -13.6% $121 / Sq Ft
02/13/2018 02/13/18 Pending -- -- --
01/19/2018 01/19/18 For Sale $199,000 -- $140 / 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 $6,262 $181,400 $40,000 $141,400
2024 $6,262 $181,400 $40,000 $141,400
2023 $6,851 $181,400 $40,000 $141,400
2022 $6,851 $181,400 $40,000 $141,400
2021 $7,076 $181,400 $40,000 $141,400
2020 $7,136 $181,400 $40,000 $141,400
2019 $6,430 $161,400 $48,600 $112,800
2018 $5,702 $161,400 $48,600 $112,800
2017 $11,484 $335,700 $222,900 $112,800
2016 $12,958 $335,700 $222,900 $112,800
2015 $11,488 $335,700 $222,900 $112,800
2014 $11,239 $335,700 $222,900 $112,800
Source: Public Records

Agents Affiliated with this Home

  • Rivka Nagel

    Seller's Agent in 2018

    Rivka Nagel

    BHHS Fox & Roach

    (609) 214-0101

    6 in this area

    40 Total Sales

    Rivka Nagel
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 499527

South Jersey Shore Regional MLS

APN: 02-00264-0000-00015

New Jersey Atlantic County Atlantic City 08401 Chelsea

2 N Chelsea Ave, Atlantic City, NJ

This home is located at 2 N Chelsea Ave, Atlantic City, NJ 08401 since 19 January 2018 and is currently estimated at $398,305, approximately $279 per square foot. 2 N Chelsea Ave is a home located in Atlantic County with nearby schools including Sovereign Avenue School, Atlantic City High School, and Our Lady Star of the Sea Regional School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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Information is deemed reliable but not guaranteed.
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