NOT LISTED FOR SALE

21 S Elberon Ave Atlantic City, NJ 08401

Lower Chelsea Neighborhood

Estimated Value: $454,000 - $576,000

-- Bed
-- Bath
3,103 Sq Ft
$163/Sq Ft Est. Value

Last Sold June 30, 2022

Last sale price $330,000 $106 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $3,249/month

Highlights

  • Porch
  • Forced Air Heating System
  • Dining Area
  • Eat-In Kitchen

About This Home

As of June 2022

HURRY! CALLING ALL INVESTORS! Great investment opportunity to own this large 3103 Sq Ft duplex in Lower Chelsea Heights, close to Ventnor, near Stockton College, and 1.5 blocks to the beach. The main unit has 3 bedrooms, 1 bath, a full finished basement with a kitchen, 2 bedrooms, a bonus room, living room and a full bathroom. The basement can be used a mother in-law suite for additional family or friends and it could be operated as a triplex. The current tenants are under paying and the new owner can increase rents to match the current rental market. Upper unit has 3 bedrooms, 2 full bathrooms and a kitchen. This property will make a great investment for the LUCKY buyer. Call NOW to schedule your private showing. Property is being sold "as-is" buyer(s) are responsible for all inspections, repairs, costs, lender certs, permits, and c/o.

Last Agent to Sell the Property

Howard Winters

KELLER WILLIAMS REALTY ATLANTIC SHORE-Northfield Listed on: 06/09/2022

KELLER WILLIAMS REALTY ATLANTIC SHORE-Northfield

Last Buyer's Agent

Michael J. Lerman

REALTY MARK ADVANTAGE

REALTY MARK ADVANTAGE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,108

Year Built

  • Built in 1915

Lot Details

  • 2,178

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • Dining Area
  • Eat-In Kitchen

Finished Basement

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

Outdoor Features

  • Porch

Utilities

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

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,108

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Duplex
  • Year Built: 1915
  • Age: 25+ Years
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: 6 Ft. Or More Head Room, Finished, Full, Heated, Inside Entrance, Outside Entrance
  • Other Rooms: Dining Area, Eat In Kitchen

Exterior Features

  • Outside Features: Porch, Sidewalks
  • Siding Exterior: Vinyl

Utilities

  • Heating: Forced Air, Gas-Natural, Radiator
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas

Lot Info

  • Lot Dimensions: 0.0502 ac

Rental Info

  • Rental Information: 100 Percent Occupancy, Yearly

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2022
Closed on
Aug 23, 2022
Sold by
21Selberonave2 Llc
Bought by
47King21elber25wey Llc
Seller's Agent
Howard Winters
KELLER WILLIAMS REALTY ATLANTIC SHORE-Northfield
Buyer's Agent
Michael J. Lerman
REALTY MARK ADVANTAGE
List Price
$324,900
Sold Price
$330,000
Premium/Discount to List
$5,100
1.57%
Current Estimated Value
$506,685

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$176,685
Avg. Annual Appreciation
13.74%
Original Mortgage
$1,162,500
Interest Rate
7.08%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 9, 2022
Closed on
Jun 30, 2022
Sold by
Survibe Corporation
Bought by
21Selberonave2 Llc
Seller's Agent
Howard Winters
KELLER WILLIAMS REALTY ATLANTIC SHORE-Northfield
Buyer's Agent
Michael J. Lerman
REALTY MARK ADVANTAGE
List Price
$324,900
Sold Price
$330,000
Premium/Discount to List
$5,100
1.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,162,500
Interest Rate
7.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 21, 2017
Sold by
Pelaez Samuel and Melendez James
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
May 30, 2003

Purchase Details

Closed on
Jul 20, 2001
Sold by
Walcoff Michele D
Bought by
Ruiz Juan Prospero

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
7.18%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 2, 2000
Sold by
Walcoff Michele D and Nodell Lola M
Bought by
Walcoff Michelle D
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
47King21elber25wey Llc -- Surety Title
21Selberonave2 Llc $330,000 Surety Title
Deutsche Bank National Trust Company $1,000 None Available
-- -- --
Ruiz Juan Prospero $150,000 --
Walcoff Michelle D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 47King21elber25wey Llc $1,162,500
Previous Owner 21Selberonave2 Llc $472,100
Previous Owner Ruiz Juan Prospero $135,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2022 06/30/22 Sold $330,000 +1.6% $106 / Sq Ft
06/13/2022 06/13/22 Pending -- -- --
06/09/2022 06/09/22 For Sale $324,900 -- $105 / 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 $7,108 $205,900 $57,400 $148,500
2024 $7,108 $205,900 $57,400 $148,500
2023 $7,777 $205,900 $57,400 $148,500
2022 $7,777 $205,900 $57,400 $148,500
2021 $8,032 $205,900 $57,400 $148,500
2020 $8,100 $205,900 $57,400 $148,500
2019 $16,601 $416,700 $247,500 $169,200
2018 $14,722 $416,700 $247,500 $169,200
2017 $14,255 $416,700 $247,500 $169,200
2016 $16,085 $416,700 $247,500 $169,200
2015 $14,259 $416,700 $247,500 $169,200
2014 $13,951 $416,700 $247,500 $169,200
Source: Public Records

Agents Affiliated with this Home

  • Howard Winters

    Seller's Agent in 2022

    Howard Winters

    KELLER WILLIAMS REALTY ATLANTIC SHORE-Northfield

    (609) 892-4391

    6 in this area

    186 Total Sales

    Howard Winters
    Section Image

  • M

    Buyer's Agent in 2022

    Michael J. Lerman

    REALTY MARK ADVANTAGE

    (732) 921-2991

    1 in this area

    17 Total Sales

    Michael J. Lerman
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 563875

South Jersey Shore Regional MLS

APN: 02-00194-0000-00023

New Jersey Atlantic County Atlantic City 08401 Lower Chelsea

21 S Elberon Ave, Atlantic City, NJ

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