$565,000
SOLD MAY 16, 2025
-- Bed
-- Bath
1,488 Sq Ft
2,788 Sq Ft Lot

Recently Sold

$380 Per Sq Ft

6% Below List Price

150 Days on Market

Highlights

  • New Construction
  • Porch
  • Tankless Water Heater
  • Deck
  • Patio
  • 5-minute walk to O'Donnell Memorial Park

About This Home

As of May 2025

Presenting a unique NEW CONSTRUCTION opportunity in Atlantic City. This gem features an impeccable duplex property located at 21 N Sovereign Ave. in AC, on an oversized lot of 28X100. Imagine living in your own brand new, never before lived-in home for 599K!! Live, invest, spend your summers, weekends or retire without breaking the bank. There are so many ways to enjoy and monetize this property. Live in one unit and rent the other. Condo conversion. Rent both units. Airbnb. 2-family living. The possibilities are endless. Each unit features 3 bedrooms (1 en-suite) 2 full baths with a spacious format of 1140 ft. ( that's 2280 ft. total) of air conditioned space. Rounded out with a front deck, off-street parking and an oversized backyard. Centrally located and within walking distance to the boardwalk, beach, bay, Boardwalk Hall, Tropicana Casino, The Walk Outlets, and iconic dining like Café 2825, Angelo's, White House, Doc's and the Knife and Fork. This is Atlantic City living at its finest. Some of the new features include but are not limited to: Luxury vinyl flooring throughout, granite countertops, exterior vinyl fencing, tankless hot water heater, central air conditioning, irrigation system, 6 foot crawl space for plenty of storage, natural gas, garbage disposal, front deck, stainless appliances, washer/dryer, outdoor shower and 2 car off street parking. Atlantic City is one of the best beach towns in the United States to buy a home for the second year in a row, a study from Realtor.com finds. There's also a five year tax abatement for new construction. Be sure to inquire about the special financial programs Atlantic City is offering. Estimated completion date is first quarter 2025.

Last Agent to Sell the Property

Eric Millstein

Soleil Sotheby's International Realty - A License #1757387 Listed on: 10/14/2024

Soleil Sotheby's International Realty - A

Last Buyer's Agent

Eric Millstein

Soleil Sotheby's International Realty - A License #1757387 Listed on: 10/14/2024

Soleil Sotheby's International Realty - A

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,250

Lot Details

  • Lot Dimensions are 28x100

Parking

  • 2 Parking Spaces

Home Design

  • New Construction
  • Duplex
  • Vinyl Siding

Interior Spaces

  • Dining Area
  • Crawl Space
  • Storm Screens
  • Dryer

Kitchen

  • Self-Cleaning Oven
  • Stove
  • Dishwasher
  • Disposal

Outdoor Features

  • Outdoor Shower
  • Deck
  • Patio
  • Porch

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Separate Meters
  • Separate Water Meter
  • Tankless Water Heater
  • Private Sewer

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,250

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Duplex
  • Lvt Date: 10/15/2024
  • New Construction: Yes
  • Age: 0 To 1 Year
  • Allow Comsumer Comment: No
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Gas Stove, Refrigerator, Self Cleaning Oven
  • Basement: 6 Ft. Or More Head Room, Crawl Space
  • Other Rooms: Dining Area

Exterior Features

  • Outside Features: Curbs, Deck, Outside Shower, Patio, Porch, Sidewalks
  • Siding Exterior: Vinyl
  • Storm Screens: Screens

Garage/Parking

  • Driveway: Concrete
  • Parking Exterior: Two Car

Utilities

  • Air Conditioner: Central
  • Heating: Gas-Natural
  • Sewer: Private
  • Water: Public
  • Water Heater: Electric, Tankless-Electric

Lot Info

  • Lot Dimensions: 28X100

Multi Family

  • Number Of Units: 2
  • Number Of3 Bedroom Units: 2
  • Separate Meters: Electric, Gas, Sewer, Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 27, 2024
Sold by
Kasheer Group Llc
Bought by
Chapman R/E Holdings Llc

Purchase Details

Closed on
Dec 22, 2015
Sold by
Ayub Mohammad and Deutsche Bank National Trust C
Bought by
Rehman Amjad

Purchase Details

Closed on
Jan 25, 2007
Sold by
Rehman Amjad
Bought by
Kasheer Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
6.22%

Purchase Details

Closed on
Jul 19, 2005
Sold by
Hla Ma Sein
Bought by
Mohammad Ayub

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
5.84%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 5, 2003
Sold by
Lwin Frank
Bought by
Hla Ma Sein

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
5.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 5, 2001
Sold by
Gil Gabriel and Huezca Ricardo
Bought by
Sein Lwin Frank and Sein Hla Ma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,000
Interest Rate
6.92%
Mortgage Type
Balloon

Purchase Details

Closed on
Jun 30, 1999
Sold by
Osorio Alfredo and Osorio Isabel
Bought by
Gil Gabriel and Huezca Ricardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,311
Interest Rate
7.19%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 24, 1998
Sold by
Pfersich R Steven
Bought by
Osorio Alfredo and Osorio Isabel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,700
Interest Rate
7.09%
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 Type Sale Price Title Company
Deed $40,000 Cape Atlantic Title
Sheriffs Deed $4,100 Attorney
Deed $7,000 Attorney
Deed $320,000 --
Deed -- --
Deed -- Equity Title Agency Inc
Bargain Sale Deed $140,000 --
Deed $107,000 The Title Company
Deed $63,000 The Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $338,850 Construction
Previous Owner $328,000 No Value Available
Previous Owner $21,000 No Value Available
Previous Owner $256,000 Purchase Money Mortgage
Previous Owner $128,000 Purchase Money Mortgage
Previous Owner $119,000 Balloon
Previous Owner $105,311 FHA
Previous Owner $56,700 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2025 05/16/25 Sold $565,000 0.0% $380 / Sq Ft
04/06/2025 04/06/25 For Rent $2,900 0.0% --
03/13/2025 03/13/25 Pending -- -- --
10/14/2024 10/14/24 For Sale $599,000 -- $403 / 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
2024 $1,250 $36,200 $36,200 $0
2023 $1,367 $36,200 $36,200 $0
2022 $1,367 $36,200 $36,200 $0
2021 $1,412 $36,200 $36,200 $0
2020 $1,424 $36,200 $36,200 $0
2019 $1,673 $42,000 $42,000 $0
2018 $1,484 $42,000 $42,000 $0
2017 $1,437 $42,000 $42,000 $0
2016 $8,477 $219,600 $219,600 $0
2015 $11,614 $339,400 $219,600 $119,800
2014 $11,363 $339,400 $219,600 $119,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 590014

South Jersey Shore Regional MLS

APN: 02-00263-0000-00030