205 Grammercy Place Atlantic City, NJ 08401
Uptown Atlantic City Neighborhood
3
Beds
2.5
Baths
1,452
Sq Ft
2,522
Sq Ft Lot
Highlights
- Open Floorplan
- 1 Car Attached Garage
- Bathtub with Shower
- No HOA
- Eat-In Kitchen
- 3-minute walk to Oscar E. McClinton Waterfront Park
About This Home
As of August 2024INVESTORS DREAM! Just in time for summer in the desireable inlet area! This fully furnished, single family home has a gorgeous renovated interior, an open concept kitchen perfect for entertaining. Just steps to the inlet boardwalk and 3 blocks to the beach on the quiet northern end of AC yet minutes from all the action. The bedrooms, full bath and laundry are on the second floor. The exterior features a front porch, fence, a large driveway and a one car garage that is currently a party room. Use as a vacation home and rent for extra income. This property has successfully run as a short term rental with a $50k average income. Please ask to see investor packet for rental history, upgrades and comps that make this purchase a no brainer. Completely turn key with complete management of Airbnb in place and upcoming bookings can be included . No HOA.
Last Agent to Sell the Property
Keller Williams Realty - Wildwood Crest License #1327176 Listed on: 06/11/2024
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $5,055
Year Built
- Built in 1997
Lot Details
- 2,522 Sq Ft Lot
- Lot Dimensions are 35.00 x 72.00
- East Facing Home
Parking
- 1 Car Attached Garage
- Front Facing Garage
- Driveway
Home Design
- Semi-Detached or Twin Home
- Side-by-Side
- Frame Construction
Interior Spaces
- 1,452 Sq Ft Home
- Property has 2 Levels
- Open Floorplan
- Ceiling Fan
- Recessed Lighting
- Window Treatments
- Crawl Space
Kitchen
- Eat-In Kitchen
- Built-In Range
- Kitchen Island
Bedrooms and Bathrooms
- 3 Bedrooms
- Bathtub with Shower
- Walk-in Shower
Location
- Flood Risk
Utilities
- 90% Forced Air Heating and Cooling System
- Cooling System Utilizes Natural Gas
- Natural Gas Water Heater
- No Septic System
Listing and Financial Details
- Property is used as a vacation rental
- Tax Lot 00012
- Assessor Parcel Number 02-00121 02-00012
Community Details
Overview
- No Home Owners Association
- Gardners Basin Subdivision
Pet Policy
- Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 11, 2024
Closed on
Aug 5, 2024
Sold by
Flame Investments Llc
Bought by
Liberman Lauren and Linhares Robert
Seller's Agent
Marsha Straka
Keller Williams Realty - Wildwood Crest
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$445,000
Sold Price
$430,000
Premium/Discount to List
-$15,000
-3.37%
Views
55
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,117
Avg. Annual Appreciation
3.86%
Original Mortgage
$305,000
Outstanding Balance
$301,979
Interest Rate
7.13%
Mortgage Type
New Conventional
Estimated Equity
$146,138
Purchase Details
Closed on
Oct 22, 2020
Sold by
Filiciello Christopher
Bought by
Flame Investments Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
2.67%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jan 31, 2016
Closed on
Jun 22, 2016
Sold by
Clark James N and Clark Patricia
Bought by
Filiciello Christopher
Seller's Agent
Gerard Barker
WEICHERT REALTORS ASBURY GROUP-AC
Buyer's Agent
Scott Sandlin
BOARDWALK REALTY
List Price
$125,000
Sold Price
$125,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.68%
Original Mortgage
$122,735
Interest Rate
3.64%
Mortgage Type
FHA
Purchase Details
Closed on
Feb 11, 1998
Sold by
Procida Realty & Construction Corp
Bought by
Clark James N and Clark Patricia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,650
Interest Rate
6.51%
Purchase Details
Closed on
Jan 8, 1998
Sold by
Casino Reinvestment Development Authorit
Bought by
Procida Realty & Construction Corp
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,650
Interest Rate
6.51%
Similar Home in Atlantic City, NJ
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $430,000 | First American Title | |
| Deed | $145,000 | None Listed On Document | |
| Bargain Sale Deed | $125,000 | None Available | |
| Deed | $101,000 | Fidelity Title Abstract Co | |
| Deed | -- | Fidelity Title Abstract Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $305,000 | New Conventional | |
| Previous Owner | $127,700 | New Conventional | |
| Previous Owner | $116,000 | New Conventional | |
| Previous Owner | $122,735 | FHA | |
| Previous Owner | $75,000 | Unknown | |
| Previous Owner | $65,650 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/02/2024 08/02/24 | Sold | $430,000 | -2.3% | $296 / Sq Ft |
| 07/01/2024 07/01/24 | Pending | -- | -- | -- |
| 06/24/2024 06/24/24 | Price Changed | $439,900 | -1.1% | $303 / Sq Ft |
| 06/11/2024 06/11/24 | For Sale | $445,000 | +256.0% | $306 / Sq Ft |
| 05/12/2016 05/12/16 | Sold | $125,000 | 0.0% | $86 / Sq Ft |
| 04/08/2016 04/08/16 | Pending | -- | -- | -- |
| 01/31/2016 01/31/16 | For Sale | $125,000 | -- | $86 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $4,895 | $168,000 | $45,200 | $122,800 |
| 2024 | $4,895 | $141,800 | $45,200 | $96,600 |
| 2023 | $5,356 | $141,800 | $45,200 | $96,600 |
| 2022 | $5,356 | $141,800 | $45,200 | $96,600 |
| 2021 | $5,532 | $141,800 | $45,200 | $96,600 |
| 2020 | $5,578 | $141,800 | $45,200 | $96,600 |
| 2019 | $5,896 | $148,000 | $50,000 | $98,000 |
| 2018 | $5,229 | $148,000 | $50,000 | $98,000 |
| 2017 | $5,063 | $148,000 | $50,000 | $98,000 |
| 2016 | $5,713 | $148,000 | $50,000 | $98,000 |
| 2015 | $5,065 | $148,000 | $50,000 | $98,000 |
| 2014 | $7,603 | $227,100 | $158,700 | $68,400 |
Source: Public Records
Agents Affiliated with this Home
-
Marsha Straka
Seller's Agent in 2024
Marsha Straka
Keller Williams Realty - Wildwood Crest
(215) 208-8687
7 in this area
26 Total Sales
-
datacorrect BrightMLS
d
Buyer's Agent in 2024
datacorrect BrightMLS
Non Subscribing Office
-
Gerard Barker
Seller's Agent in 2016
Gerard Barker
Weichert Corporate
(609) 481-7745
96 in this area
228 Total Sales
-
Scott Sandlin
Buyer's Agent in 2016
Scott Sandlin
BOARDWALK REALTY
(484) 620-9689
148 Total Sales
Map
Source: Bright MLS
MLS Number: NJAC2012766
APN: 02-00121-02-00012
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