$510,000
SOLD NOV 6, 2024
-- Bed
-- Bath
1,847 Sq Ft
2,614 Sq Ft Lot

Recently Sold

$276 Per Sq Ft

7% Below List Price

24 Days on Market

Highlights

  • Den
  • Porch
  • Air Conditioning

About This Home

As of November 2024

Listing Attention: This property offers a unique opportunity to own a beautiful duplex in a beach block location. You can either build a trophy development with stunning panoramic waterfront views or keep the existing property and upgrade it for a phenomenal income through Airbnb rentals. This property is legally zoned as a duplex, providing the opportunity to generate extra income. You can live in one unit and rent out the other or take advantage of the booming Airbnb market. Located just a short walk from the famous Atlantic City beach, this home is an ideal rental property for both vacationers and long-term tenants. The property features 6 generously sized bedrooms and 2 bathrooms in the upstairs unit, and one bedroom and one bathroom in the ground-level unit, providing ample space for family, friends, and guests. The LH-2 Zoning District allows for multi-family, low-rise, and mid-rise residential buildings, as well as restaurant and bar opportunities, non-casino hotels, townhouses, and more. This is truly a unique opportunity that may be hard to come by again.

Last Agent to Sell the Property

Goran Cedevski

BHHS FOX and ROACH-Northfield License #1755689 Listed on: 07/08/2024

BHHS FOX and ROACH-Northfield

Last Buyer's Agent

Goran Cedevski

BHHS FOX and ROACH-Northfield License #1755689 Listed on: 07/08/2024

BHHS FOX and ROACH-Northfield

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,912

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • Den
  • Storm Screens
  • Stove
  • Finished Basement

Parking

  • 3 Parking Spaces
  • Off-Site Parking

Utilities

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

Additional Features

  • Porch
  • Lot Dimensions are 35 x 75

Community Details

Overview

  • 2 Units

Recreation

  • Community Boardwalk

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,912

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Duplex
  • Lvt Date: 07/09/2024
  • Age: 25+ Years
  • Allow Comsumer Comment: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Gas Stove, Refrigerator
  • Basement: 6 Ft. Or More Head Room, Finished
  • Other Rooms: Den/Tv Room, Kitchen, Pantry

Exterior Features

  • Outside Features: Boardwalk Access, Curbs, Porch
  • Siding Exterior: Vinyl
  • Storm Screens: Combination

Garage/Parking

  • Parking Exterior: Three Or More Cars, Off Site Parking

Utilities

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

Lot Info

  • Lot Dimensions: 35 x 75

Rental Info

  • Rental Information: Monthly

Multi Family

  • Number Of Units: 2
  • Number Of1 Bedroom Units: 1
  • Number Of4 Bedroom Units: 1
  • Separate Meters: Electric, Gas, Heat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2024
Closed on
Nov 5, 2024
Sold by
Zarych Marc
Bought by
211 Seaside Llc
Seller's Agent
Goran Cedevski
BHHS FOX and ROACH-Northfield
Buyer's Agent
Goran Cedevski
BHHS FOX and ROACH-Northfield
List Price
$550,000
Sold Price
$510,000
Premium/Discount to List
-$40,000
-7.27%
Views
30
Current Estimated Value
$526,458

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,458
Avg. Annual Appreciation
3.04%
Original Mortgage
$370,000
Outstanding Balance
$367,981
Interest Rate
6.54%
Mortgage Type
New Conventional
Estimated Equity
$153,602

Purchase Details

Closed on
Oct 28, 1993
Sold by
Deangeter Eleanor
Bought by
Zarych Marc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,000
Interest Rate
6.69%
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
Bargain Sale Deed $510,000 Legend Title
Bargain Sale Deed $510,000 Legend Title
Deed $20,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $370,000 New Conventional
Closed $370,000 New Conventional
Previous Owner $110,000 New Conventional
Previous Owner $110,000 New Conventional
Previous Owner $125,000 New Conventional
Previous Owner $20,300 Unknown
Previous Owner $20,200 Unknown
Previous Owner $15,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/06/2024 11/06/24 Sold $510,000 -7.3% $276 / Sq Ft
08/01/2024 08/01/24 Pending -- -- --
07/08/2024 07/08/24 For Sale $550,000 -- $298 / 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 $4,912 $142,300 $71,300 $71,000
2023 $5,375 $142,300 $71,300 $71,000
2022 $5,375 $142,300 $71,300 $71,000
2021 $5,551 $142,300 $71,300 $71,000
2020 $5,598 $142,300 $71,300 $71,000
2019 $2,789 $70,000 $35,000 $35,000
2018 $2,473 $70,000 $35,000 $35,000
2017 $2,696 $78,800 $36,800 $42,000
2016 $4,632 $120,000 $60,000 $60,000
2015 $5,133 $150,000 $85,000 $65,000
2014 $5,022 $150,000 $85,000 $65,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 586904

South Jersey Shore Regional MLS

APN: 02-00078-0000-00020