NOT LISTED FOR SALE

2433 Formicas Way Unit V103 Atlantic City, NJ 08401

Ducktown Neighborhood

Estimated Value: $222,000 - $269,000

2 Beds
1.5 Baths
1,098 Sq Ft
$175/mo HOA Fee

Last Sold July 14, 2020

Last sale price $84,000 $77 Per Sq Ft

Est. 194% increase in value since last sale

Current estimated payment $1,818/month

Highlights

  • Open Floorplan
  • 1 Fireplace
  • Security Gate
  • Contemporary Architecture
  • Breakfast Area or Nook
  • 4-minute walk to Texas Avenue Playground

About This Home

As of July 2020

Enjoy Condo Convenience in this delightful downtown condo with 2 bedrooms & 1 1/2 baths. Open and airy with large eat-in kitchen and ceiling fans throughout. One-car attached garage. Convenient location within Atlantic City - close to AC Expressway and a couple of blocks walk to the beach. Condo fees only $175.00 per month and include flood and liability insurance, landscaping, trash removal and exterior maintenance. Bank- Owned. This property sells strictly "AS IS". Buyer responsible for any and all inspections and repairs.

Last Agent to Sell the Property

Richard Warner

(856) 430-0072 rich@warnerrealtors.com Warner Real Estate & Auction Company Listed on: 06/09/2020

Last Buyer's Agent

Frank Maione

(609) 287-5921 f_maione@hotmail.com Century 21 Reilly Realtors

Century 21 Reilly Realtors

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2008

Lot Details

  • Property is in good condition

HOA Fees

  • $175 Monthly HOA Fees

Parking

  • Driveway

Home Design

  • Contemporary Architecture
  • Entry on the 1st floor
  • Stone Siding
  • Vinyl Siding

Interior Spaces

  • 1,098 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Ceiling Fan
  • 1 Fireplace
  • Security Gate

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Built-In Range
  • Microwave
  • Dishwasher

Flooring

  • Partially Carpeted
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms

Laundry

  • Laundry in unit
  • Washer
  • Gas Dryer

Utilities

  • Forced Air Heating and Cooling System
  • 150 Amp Service
  • Phone Available
  • Cable TV Available

Community Details

  • Low-Rise Condominium
  • Ducktown Subdivision
  • Property Manager

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 00038
  • Assessor Parcel Number 02-00339-00038-C4101

Property Details

Home Type

Condominium

Year Built

Built in 2008

Lot Details

0

HOA Fees

$175 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Contemporary
  • Ownership: Condominium
  • Historic: No
  • Home Warranty: No
  • Inclusions: Refrigerator, Range, Microwave, Dishwasher, Washer, Dryer
  • New Construction: No
  • Story List: Main
  • Year Built: 2008
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Range, Dishwasher, Dryer - Gas, Microwave, Refrigerator, Washer
  • Entry Floor: 1
  • Flooring Type: Ceramic Tile, Partially Carpeted
  • Interior Amenities: Carpet, Breakfast Area, Ceiling Fan(s), Floor Plan - Open, Kitchen - Eat-In
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 1098
  • Living Area Sq Ft: 1098
  • Price Per Sq Ft: 75.14
  • Above Grade Finished Sq Ft: 1098
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding, Stone
  • Road Surface Type: Black Top
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 150 Amps
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Security: Security Gate
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Electric Available, Phone Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 175.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Loss Mitigation Fee?: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Improvement Assessed Value: 154300.00
  • Land Assessed Value: 100000.00
  • Lot Dimensions: 0.00 x 0.00
  • Property Condition: Good
  • Zoning: NC-1

Green Features

  • Clean Green Assessed: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: Yes
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 9646177
  • Tax Annual Amount: 8984.00
  • Assessor Parcel Number: 02-00339-00038-C4101
  • Tax Lot: 00038
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019

MLS Schools

  • School District Name: ATLANTIC CITY SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2020
Closed on
Jul 14, 2020
Sold by
Univest Bank And Trust Company
Bought by
Boney Micahel and Hare Dashaun
Seller's Agent
Richard Warner
Warner Real Estate & Auction Company
Buyer's Agent
Frank Maione
Century 21 Reilly Realtors
List Price
$82,500
Sold Price
$84,000
Premium/Discount to List
$1,500
1.82%
Current Estimated Value
$246,929

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$162,929
Avg. Annual Appreciation
22.61%
Source: Public Records

Range of Values:

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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
Boney Micahel $84,000 Agents Title Llc
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/14/2020 07/14/20 Sold $84,000 +1.8% $77 / Sq Ft
06/12/2020 06/12/20 Pending -- -- --
06/09/2020 06/09/20 For Sale $82,500 -- $75 / Sq Ft
Source: Bright 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 $10,131 $254,300 $100,000 $154,300
2018 $8,984 $254,300 $100,000 $154,300
2017 $8,700 $254,300 $100,000 $154,300
2016 $9,816 $254,300 $100,000 $154,300
Source: Public Records

Agents Affiliated with this Home

  • Richard Warner

    Seller's Agent in 2020

    Richard Warner

    Warner Real Estate & Auction Company

    (856) 430-0072

    165 Total Sales

    Richard Warner
    Section Image
  • Frank Maione

    Buyer's Agent in 2020

    Frank Maione

    Century 21 Reilly Realtors

    (609) 287-5921

    167 Total Sales

    Frank Maione
    Section Image
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Map

Source: Bright MLS

MLS Number: NJAC113878

Bright MLS

APN: 02-00339-0000-00038-0000-CD101

New Jersey Atlantic County Atlantic City 08401 Ducktown

2433 Formicas Way Unit V103, Atlantic City, NJ

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