NOT LISTED FOR SALE

2417 Formicas Way Unit 2417 Atlantic City, NJ 08401

Ducktown Neighborhood

Estimated Value: $226,000 - $304,000

2 Beds
1.5 Baths
-- Sq Ft
1,089 Sq Ft Lot

Last Sold October 26, 2015

Last sale price $110,000

Est. 137% increase in value since last sale

Current estimated payment $1,717/month

309 Days on Market

Highlights

  • Ground Level Unit
  • Intercom
  • Laundry Room
  • Eat-In Kitchen
  • Burglar Security System
  • 4-minute walk to Texas Avenue Playground

About This Home

As of October 2015

this is the largest 2 bedroom for sale in all of the condo's 1098 sq ft all tile floor kitchen living room and hallways .carpet in bedrooms washer dryer included 1 1/2 baths 1 car garage with a 244 sq ft storage unit which is heated and air conditioned low maintenance fee which includes flood insurance, liability insurance, exterior maintenance, common hallways, trash and lawn care CONDO ASSOSIATION IS APPLYING FOR GATED COMMUNITY what's great about this location its within walking distance to outlets

Last Agent to Sell the Property

Sheldon Grace

GRACE PROPERTIES Listed on: 11/06/2014

Last Buyer's Agent

Jose Sinclair

GRACE PROPERTIES

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,215

Year Built

  • Built in 2008

Lot Details

  • 1,089

Home Design

  • Vinyl Siding
  • Stone Exterior Construction
  • Stucco

Kitchen

  • Eat-In Kitchen
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Laundry Room
  • Dryer

Home Security

  • Burglar Security System
  • Intercom

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Additional Features

  • 3-Story Property
  • Ground Level Unit

Community Details

Overview

  • Association fees include insurance, maintenance, management, trash
  • Atlantic Ave Condos

Pet Policy

  • Pets Allowed with Restrictions

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,215

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Year Built: 2008
  • Number Of Levels In Unit: Two
  • Number Of Stories In Bldg: Three To Five
  • Unit Location: First Floor
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Appliances: Burglar Alarm, Disposal, Dishwasher, Dryer, Gas Stove, Intercom, Microwave, Refrigerator
  • Bedrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Other Rooms: Eat In Kitchen, Laundry/Utility Room

Exterior Features

  • Siding Exterior: Stone, Stucco, Vinyl

Utilities

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

Condo/Co-op/Association

  • HOA Includes: Insurance, Maintenance, Management, Trash
  • Condo Name: Atlantic Ave
  • Management: Association

Rental Info

  • Pets: Yes W/Restrictions

Multi Family

  • Unit Features: Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2014
Closed on
Sep 10, 2015
Sold by
Estate Of Ac Llc
Bought by
Estrada Rosa Martinez
Seller's Agent
Sheldon Grace
GRACE PROPERTIES
Buyer's Agent
Jose Sinclair
GRACE PROPERTIES
List Price
$110,000
Sold Price
$110,000
Current Estimated Value
$261,005

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$151,005
Avg. Annual Appreciation
9.02%
Original Mortgage
$98,188
Interest Rate
3.88%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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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
Estrada Rosa Martinez $110,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Estrada Rosa Martinez $98,188
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/26/2015 10/26/15 Sold $110,000 0.0% --
09/11/2015 09/11/15 Pending -- -- --
11/06/2014 11/06/14 For Sale $110,000 -- --
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 $4,215 $122,100 $45,000 $77,100
2024 $4,215 $122,100 $45,000 $77,100
2023 $4,612 $122,100 $45,000 $77,100
2022 $4,612 $122,100 $45,000 $77,100
2021 $4,763 $122,100 $45,000 $77,100
2020 $4,803 $122,100 $45,000 $77,100
2019 $4,382 $110,000 $55,000 $55,000
2018 $4,111 $110,000 $55,000 $55,000
2017 $4,111 $136,000 $68,000 $68,000
2016 $5,250 $136,000 $68,000 $68,000
Source: Public Records

Agents Affiliated with this Home

  • Sheldon Grace

    Seller's Agent in 2015

    Sheldon Grace

    GRACE PROPERTIES

    (609) 485-2262

    2 in this area

    56 Total Sales

    Sheldon Grace
    Section Image
  • Jose Sinclair

    Buyer's Agent in 2015

    Jose Sinclair

    GRACE PROPERTIES

    (609) 233-4847

    352 Total Sales

    Jose Sinclair
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 438748

South Jersey Shore Regional MLS

APN: 02-00339-0000-00038-0000-CB201

New Jersey Atlantic County Atlantic City 08401 Ducktown

2417 Formicas Way Unit 2417, Atlantic City, NJ

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