NOT LISTED FOR SALE

23 S Little Rock Ave Ventnor City, NJ 08406

Estimated Value: $481,000 - $1,044,000

-- Bed
-- Bath
-- Sq Ft
1,263 Sq Ft Lot

Last Sold March 10, 2022

Last sale price $425,000

Est. 49% increase in value since last sale

Current estimated payment $3,898/month

14 Days on Market

Highlights

  • Porch
  • Dining Room
  • Baseboard Heating
  • Living Room

About This Home

As of March 2022

FULLY OCCUPIED GREAT INVESTMENT PROPERTY located within walking distance to BEACH & BOARDWALK & the NEW HOT SPOT IN NORTH BEACH VENTNOR with new movie theater & restaurant! The triplex is divided into three units, first floor is commercial space & there are 2 large 2BD/1BA units, each on a it's own floor. All units are metered for separate electric and cable. 100% occupied with good rents and cash flow. The building has been recently updated and well maintained including the following major renovations include: New roof, New HVAC system in commercial property, New water boiler & water meter installed in commercial & complete renovation including new walls and floors, New cement sidewalk (front to back of building) New washer and dryer & cabinets in unit 2, Back stairs (fire escape) structure repair & painted. All units are currently rented & efficient expenses are in place for taxes, water/sewer & insurance. A MUST SEE - Call today for more information!

Last Agent to Sell the Property

Tina Lobiondo

FARLEY and FERRY REALTY, INC License #0900600 Listed on: 01/04/2022

Last Buyer's Agent

Tina Lobiondo

FARLEY and FERRY REALTY, INC License #0900600 Listed on: 01/04/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,283

Year Built

  • Built in 1920

Lot Details

  • 1,263

Home Design

  • Triplex
  • Brick Exterior Construction

Interior Spaces

  • Living Room
  • Dining Room
  • Interior and Exterior Basement Entry
  • Storage In Attic
  • Storm Screens

Kitchen

  • Stove
  • Dishwasher

Laundry

  • Dryer
  • Washer

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Gas Water Heater

Additional Features

  • Porch
  • Lot Dimensions are 18 x 85

Community Details

Overview

  • 3 Units

Recreation

  • Community Boardwalk

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,283

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Triplex
  • Lvt Date: 01/04/2022
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Dryer, Gas Stove, Refrigerator, Washer
  • Basement: Inside Entrance, Outside Entrance
  • Other Rooms: Dining Room, Kitchen, Living Room, Storage Attic

Exterior Features

  • Outside Features: Curbs, Porch, Sidewalks
  • Siding Exterior: Brick
  • Storm Screens: Combination

Utilities

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

Lot Info

  • Location: Boardwalk Area
  • Lot Dimensions: 18 x 85

Rental Info

  • Rental Information: 100 Percent Occupancy, Lease Required

Multi Family

  • Number Of Units: 3
  • Number Of2 Bedroom Units: 2
  • Separate Meters: Cable Tv, Electric, Gas, Heat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 26, 2023
Sold by
Tabekman Boris and Tabekman Valentina
Bought by
23 S Little Rock Avenue Llc
Current Estimated Value
$631,517

Purchase Details

Closed on
Mar 22, 2002
Sold by
Cohen Meyer and Cohen Marsha
Bought by
Tabekman Boris and Tabekman Valentina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.85%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 1, 1996
Sold by
Cohen Beatrice and Cohen Marsha
Bought by
Cohen Meyer and Cohen Marsha
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
23 S Little Rock Avenue Llc $399,000 Absecon Title
Tabekman Boris $125,000 --
Cohen Meyer -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 23 S Little Rock Avenue Llc $1,545,750
Open 23 S Little Rock Avenue Llc $5,000,000
Previous Owner Tabekman Boris A $85,056
Previous Owner Tabekman Boris $170,000
Previous Owner Tabekman Valentina $100,000
Previous Owner Tabekman Boris $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/10/2022 03/10/22 Sold $425,000 -5.5% --
01/18/2022 01/18/22 Pending -- -- --
01/04/2022 01/04/22 For Sale $449,788 0.0% --
07/14/2021 07/14/21 Rented -- -- --
06/09/2021 06/09/21 Price Changed $1,400 -80.0% --
05/17/2021 05/17/21 Price Changed $7,000 -12.5% --
05/03/2021 05/03/21 Price Changed $8,000 -51.5% --
04/18/2021 04/18/21 Price Changed $16,500 -5.7% --
04/14/2021 04/14/21 For Rent $17,500 0.0% --
11/11/2019 11/11/19 Sold $215,000 -17.2% --
10/11/2019 10/11/19 Pending -- -- --
07/31/2019 07/31/19 Price Changed $259,788 -6.8% --
07/31/2019 07/31/19 Price Changed $278,788 +7.3% --
07/18/2019 07/18/19 Price Changed $259,788 -10.0% --
07/17/2019 07/17/19 Price Changed $288,788 +11.2% --
07/16/2019 07/16/19 Price Changed $259,788 -6.8% --
06/27/2019 06/27/19 Price Changed $278,788 -3.5% --
05/16/2019 05/16/19 Price Changed $288,788 -3.7% --
04/11/2019 04/11/19 Price Changed $299,788 -6.3% --
02/27/2019 02/27/19 For Sale $319,788 +56.0% --
08/23/2013 08/23/13 Sold $205,000 0.0% --
07/21/2013 07/21/13 Pending -- -- --
11/30/2012 11/30/12 Rented -- -- --
10/31/2012 10/31/12 Under Contract -- -- --
08/08/2012 08/08/12 For Rent -- -- --
04/30/2012 04/30/12 Rented -- -- --
04/22/2012 04/22/12 For Sale $205,000 0.0% --
03/31/2012 03/31/12 Under Contract -- -- --
02/07/2012 02/07/12 For Rent -- -- --
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 $5,283 $193,300 $115,300 $78,000
2023 $4,972 $193,300 $115,300 $78,000
2022 $4,972 $193,300 $115,300 $78,000
2021 $5,003 $193,300 $115,300 $78,000
2020 $5,008 $193,300 $115,300 $78,000
2019 $4,997 $193,300 $115,300 $78,000
2018 $5,092 $193,300 $115,300 $78,000
2017 $5,119 $193,300 $115,300 $78,000
2016 $4,910 $224,600 $114,800 $109,800
2015 $4,865 $224,600 $114,800 $109,800
2014 $4,625 $224,600 $114,800 $109,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 558466

South Jersey Shore Regional MLS

APN: 22-00054-0000-00008