NOT LISTED FOR SALE

205 N Iowa Ave Atlantic City, NJ 08401

Chelsea Neighborhood

Estimated Value: $316,000 - $382,000

-- Bed
-- Bath
2,620 Sq Ft
$138/Sq Ft Est. Value

Last Sold August 28, 2023

Last sale price $316,000 $121 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $2,368/month

8 Days on Market

Highlights

  • Enclosed Patio or Porch
  • Baseboard Heating
  • 2-minute walk to Texas Avenue Playground
  • Laundry Room
  • Fenced

About This Home

As of August 2023

MULTIPLE OFFERS HAVE BEEN RECEIVED ON THIS PROPERTY , OWNER WOULD LIKE HIGHEST AND BEST BY SATURDAY, 7-15-23 AT 5:PM , OWNER WILL REVIEW ALL OFFERS AND REPLY BACK BY MONDAY AT 5PM Legal duplex, 2 bed 1 bath on first floor, 4 bed 1.5 bath , main unit 2nd to 4th floor; added bonus, mother-in-law iunit located in rear of 1st floor. nice back yard, separate utilities. 2 blocks from Tropicana casino. Tenants units rented month-to-month. Roof is recently replaced. Home has two heater/ hot water heaters , two gas meter , two electrical meters. Walk up attic is a bonus for the 2nd unit.

Last Agent to Sell the Property

LAN DANG

BLOOM REALTY CO Listed on: 07/10/2023

Last Buyer's Agent

Matthew Haviland

KELLER WILLIAMS REALTY ATLANTIC SHORE-Northfield

KELLER WILLIAMS REALTY ATLANTIC SHORE-Northfield

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,226

Lot Details

  • Lot Dimensions are 25x90
  • Fenced

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • Blinds
  • Storage In Attic
  • Storm Screens
  • Laundry Room

Outdoor Features

  • Enclosed Patio or Porch

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Separate Meters
  • Gas Water Heater

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,226

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Duplex
  • Also Includes: Blinds
  • Lvt Date: 07/10/2023
  • Allow Comsumer Comment: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Other Rooms: Laundry/Utility Rm, Storage Attic

Exterior Features

  • Outside Features: Fenced Yard, Porch-Enclosed
  • Siding Exterior: Vinyl
  • Storm Screens: Combination

Utilities

  • Air Conditioner: Window Units
  • Heating: Baseboard, Gas-Natural, Radiator
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas

Lot Info

  • Lot Dimensions: 25x90

Rental Info

  • Rental Information: 100 Percent Occupancy

Multi Family

  • Number Of Units: 2
  • Number Of2 Bedroom Units: 1
  • Number Of4 Bedroom Units: 1
  • Separate Meters: Electric, Gas, Heat, Hot Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2023
Closed on
Oct 18, 2023
Sold by
Vu Tony V and Vu Chau
Bought by
Bhowmik Durjoy S and Bhowmik Chanda
Seller's Agent
LAN DANG
BLOOM REALTY CO
Buyer's Agent
Matthew Haviland
KELLER WILLIAMS REALTY ATLANTIC SHORE-Northfield
List Price
$299,000
Sold Price
$316,000
Premium/Discount to List
$17,000
5.69%
Views
96
Current Estimated Value
$362,661

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,661
Avg. Annual Appreciation
11.27%
Original Mortgage
$275,844
Outstanding Balance
$271,096
Interest Rate
7.57%
Mortgage Type
FHA
Estimated Equity
$121,825

Purchase Details

Closed on
Jan 10, 2019
Sold by
Vu Tony and Tran Chau Thi
Bought by
Vu Tony V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,750
Interest Rate
5.25%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 11, 2017
Sold by
Nguyen Tina
Bought by
Vu Tony and Tran Chau Thi

Purchase Details

Listed on
Sep 15, 2016
Closed on
Dec 19, 2016
Sold by
Deutsche Bank National Trust Company
Bought by
Vu Tony and Nguyen Tina
Seller's Agent
MARIA MAZZUCKIS
REALHome Services and Solutions, Inc.
Buyer's Agent
LAN DANG
BLOOM REALTY CO
List Price
$64,044
Sold Price
$64,044

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.13%

Purchase Details

Closed on
Jul 12, 2016
Sold by
Balles Sheriff Frank X
Bought by
Deutsche Bank National Trust Co

Purchase Details

Closed on
Jan 3, 2007
Sold by
Halim Mohammed
Bought by
Shala Uddin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
6.24%

Purchase Details

Closed on
May 25, 2005
Sold by
Wang Li Chai
Bought by
Halim Mohammed A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
7.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 30, 2000
Sold by
Dang Lan and Nguyen Tina
Bought by
Wang Li Chai

Purchase Details

Closed on
Feb 26, 1997
Sold by
Nguyen Minh Q
Bought by
Dang Lan and Nguyen Tina

Purchase Details

Closed on
Jun 14, 1994
Sold by
Cisneros Henry G
Bought by
Pham Phat T and Bui Thanh B
Source: Public Records

Range of Values:

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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
Bhowmik Durjoy S $316,100 Atlantic Shore Title
Vu Tony V -- National Title Agency
Vu Tony -- Westcor Land Title Ins Co
Vu Tony $64,044 Premium Title Services Inc
Deutsche Bank National Trust Co $1,000 --
Shala Uddin $375,000 --
Halim Mohammed A $300,000 Commonwealth Land Title Insu
Wang Li Chai $28,000 The Title Company
Dang Lan $62,500 The Title Company
Pham Phat T $21,550 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bhowmik Durjoy S $275,844
Previous Owner Vu Tony V $101,750
Previous Owner Uddin Shala $75,000
Previous Owner Shala Uddin $300,000
Previous Owner Halim Mohammed A $240,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2023 08/28/23 Sold $316,000 +5.7% $121 / Sq Ft
07/18/2023 07/18/23 Pending -- -- --
07/10/2023 07/10/23 For Sale $299,000 +366.9% $114 / Sq Ft
12/27/2016 12/27/16 Sold $64,044 0.0% $24 / Sq Ft
11/28/2016 11/28/16 Pending -- -- --
09/15/2016 09/15/16 For Sale $64,044 -- $24 / 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 $5,226 $151,400 $34,000 $117,400
2024 $5,226 $151,400 $34,000 $117,400
2023 $5,718 $151,400 $34,000 $117,400
2022 $5,718 $151,400 $34,000 $117,400
2021 $5,906 $151,400 $34,000 $117,400
2020 $5,956 $151,400 $34,000 $117,400
2019 $5,378 $135,000 $67,500 $67,500
2018 $6,547 $185,300 $92,650 $92,650
2017 $9,072 $265,200 $137,800 $127,400
2016 $10,237 $265,200 $137,800 $127,400
2015 $9,075 $265,200 $137,800 $127,400
2014 $8,879 $265,200 $137,800 $127,400
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2023

    LAN DANG

    BLOOM REALTY CO

    (609) 335-1145

    6 in this area

    13 Total Sales

    LAN DANG
    Section Image
  • Matthew Haviland

    Buyer's Agent in 2023

    Matthew Haviland

    KELLER WILLIAMS REALTY ATLANTIC SHORE-Northfield

    (609) 484-9890

    2 in this area

    136 Total Sales

    Matthew Haviland
    Section Image

  • M

    Seller's Agent in 2016

    MARIA MAZZUCKIS

    REALHome Services and Solutions, Inc.

See All Agents

Map

Source: South Jersey Shore Regional MLS

MLS Number: 575725

South Jersey Shore Regional MLS

APN: 02-00380-0000-00028

New Jersey Atlantic County Atlantic City 08401 Chelsea

205 N Iowa Ave, Atlantic City, NJ

This home is located at 205 N Iowa Ave, Atlantic City, NJ 08401 since 10 July 2023 and is currently estimated at $362,661, approximately $138 per square foot. 205 N Iowa Ave is a home located in Atlantic County with nearby schools including Texas 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.

South Jersey Shore Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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