NOT LISTED FOR SALE

2423 Formicas Way Unit 2423 Atlantic City, NJ 08401

Ducktown Neighborhood

Estimated Value: $203,000 - $311,000

3 Beds
2.5 Baths
-- Sq Ft
1,263 Sq Ft Lot

Last Sold October 17, 2014

Last sale price $152,000

Est. 80% increase in value since last sale

Current estimated payment $1,915/month

339 Days on Market

Highlights

  • Unit is on the top floor
  • Intercom
  • Central Air
  • New Construction
  • Burglar Security System
  • 4-minute walk to Texas Avenue Playground

About This Home

As of October 2014

BRAND NEW CONDO LOADED GRANITE TOP KITCHEN DEEP STAINLESS STEEL SINK WITH GARBAGE DISPOSAL/STAINLESS STEEL APPLIANCE PACKAGE GAS STOVE/ DISHWASHER/REFRIG/MICRO MASTER BEDROOM WITH DECK OVER LOOKING CITY LOW CONDO FEES $165 THAT INCLUDES FLOOD INSUR/TRASH/SNOW/LAWN CARE/EXTERIOR MAINTENANCE/ LIABILITY INSURANCE. EACH UNIT SET UP FOR ALARM SYSTEMS/ BATHROOMS VANITIES GRANITE TOPS TILE FLOORS WASHER/DRYER SET UP

Last Listed By

Sheldon Grace

GRACE PROPERTIES License #SB-8338487 Listed on: 05/18/2013

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,629

Year Built

  • New Construction

Lot Details

  • 1,263

Home Design

  • Vinyl Siding
  • Stone Exterior Construction

Interior Spaces

  • 3-Story Property
  • Gas Log Fireplace

Kitchen

  • Self-Cleaning Oven
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Home Security

  • Burglar Security System
  • Intercom

Location

  • Unit is on the top floor

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

Overview

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

Pet Policy

  • Pet Restriction

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,629

Year Built

New Construction

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • New Construction: Yes
  • Year Built (Public Record): 208
  • Number Of Levels In Unit: Two
  • Number Of Stories In Bldg: Three To Five
  • Unit Location: Top Floor
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Appliances: Burglar Alarm, Disposal, Dishwasher, Gas Stove, Intercom, Microwave, Refrigerator, Self Cleaning Oven
  • Fireplace: Built-In, Gas Log
  • Bedrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1

Exterior Features

  • Siding Exterior: Stone, Vinyl

Utilities

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

Condo/Co-op/Association

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

Rental Info

  • Pets: Yes W/Restrictions

Multi Family

  • Unit Features: Fireplace(s), Master Bath

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 21, 2023
Sold by
Pellegrini Craig Jeffrey and Pellegrini Nadene Lynn
Bought by
Pellegrini Craig Jeffrey
Total Days on Market
339
Current Estimated Value
$273,153

Purchase Details

Closed on
Apr 18, 2023
Sold by
2032 Weymouth Llc
Bought by
Koehler Andrew

Purchase Details

Listed on
May 18, 2013
Closed on
Oct 17, 2014
Sold by
Estates Of Ac Llc
Bought by
Cooper Ryan
Seller's Agent
Sheldon Grace
GRACE PROPERTIES
Buyer's Agent
Dante Nappi
REAL-FAIRFIELD
List Price
$152,000
Sold Price
$152,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.67%
Original Mortgage
$144,400
Interest Rate
4.09%
Mortgage Type
New Conventional

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
Pellegrini Craig Jeffrey -- None Listed On Document
Koehler Andrew $265,000 Foundation Title
Cooper Ryan $152,000 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cooper Ryan $144,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/17/2014 10/17/14 Sold $152,000 0.0% --
04/22/2014 04/22/14 Pending -- -- --
05/18/2013 05/18/13 For Sale $152,000 -- --
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
2024 $4,629 $134,100 $45,000 $89,100
2023 $5,065 $134,100 $45,000 $89,100
2022 $5,065 $134,100 $45,000 $89,100
2021 $5,231 $134,100 $45,000 $89,100
2020 $5,275 $134,100 $45,000 $89,100
2019 $5,777 $145,000 $72,500 $72,500
2018 $5,332 $145,000 $72,500 $72,500
2017 $5,332 $145,000 $72,500 $72,500
2016 $5,597 $145,000 $72,500 $72,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 411643

South Jersey Shore Regional MLS

APN: 02-00339-0000-00038-0000-CB204