NOT LISTED FOR SALE

2714 Arctic Ave Atlantic City, NJ 08401

Chelsea Neighborhood

Estimated Value: $220,000 - $321,000

-- Bed
-- Bath
1,346 Sq Ft
$203/Sq Ft Est. Value

Last Sold July 25, 2017

Last sale price $101,000 $75 Per Sq Ft

Est. 151% increase in value since last sale

Current estimated payment $1,794/month

502 Days on Market

Highlights

  • Corner Lot
  • Laundry Room
  • Dining Room
  • Living Room
  • Forced Air Heating System
  • 3-minute walk to Texas Avenue Playground

About This Home

As of July 2017

Own a piece of Atlantic City. Taj will reopen as the HardRock Casino and 3,000 new jobs. Many will want to Relocate back to the area. Duplex in great condition. 2 blocks to the Casinos, Beach and Boardwalk and Transportation. Great Income producing property. Parking on street. Tenant pays Utilities ....Bus and Jitney Transportation to all Casinos

Last Agent to Sell the Property

Trish Quintana

BHHS FOX and ROACH-Northfield License #0903428 Listed on: 01/17/2016

BHHS FOX and ROACH-Northfield

Last Buyer's Agent

Trish Quintana

BHHS FOX and ROACH-Northfield License #0903428 Listed on: 01/17/2016

BHHS FOX and ROACH-Northfield

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,950

Lot Details

  • Lot Dimensions are 25x62
  • Corner Lot

Parking

  • Off-Site Parking

Home Design

  • Duplex

Interior Spaces

  • Blinds
  • Living Room
  • Dining Room
  • Storm Screens
  • Stove
  • Laundry Room

Utilities

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

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,950

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Duplex
  • Also Includes: Blinds, Rugs
  • Lvt Date: 01/17/2016
  • Age: 25+ Years
  • Allow Comsumer Comment: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Gas Stove, Refrigerator
  • Other Rooms: Dining Room, Kitchen, Laundry/Utility Rm, Living Room

Exterior Features

  • Outside Features: Curbs, Sidewalks
  • Storm Screens: Combination

Garage/Parking

  • Parking Exterior: Off Site Parking

Utilities

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

Lot Info

  • Location: Corner
  • Lot Dimensions: 25X62

Rental Info

  • Rental Information: 100 Percent Occupancy, Monthly

Multi Family

  • Number Of Units: 2
  • Number Of2 Bedroom Units: 1
  • Number Of3 Bedroom Units: 1
  • Separate Meters: Electric, Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2016
Closed on
Jul 31, 2017
Sold by
Ong Tu and Truong Jennifer T L
Bought by
Bhuiyan Mohammed
Seller's Agent
Trish Quintana
BHHS FOX and ROACH-Northfield
Buyer's Agent
Trish Quintana
BHHS FOX and ROACH-Northfield
List Price
$101,000
Sold Price
$101,000
Current Estimated Value
$253,378

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$152,378
Avg. Annual Appreciation
12.94%
Original Mortgage
$99,170
Outstanding Balance
$84,651
Interest Rate
4.4%
Mortgage Type
FHA
Estimated Equity
$184,648

Purchase Details

Closed on
May 31, 2001
Sold by
Murphy Grace and Damiano Serafina
Bought by
Ong Tu and Truong Jennifer T L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
7.08%
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
Bhuiyan Mohammed $101,000 None Available
Ong Tu $89,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bhuiyan Mohammed A $22,905
Open Bhuiyan Mohammed $99,170
Previous Owner Ong Tu $150,000
Previous Owner Ong Tu $65,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2017 07/25/17 Sold $101,000 0.0% $75 / Sq Ft
06/02/2017 06/02/17 Pending -- -- --
01/17/2016 01/17/16 For Sale $101,000 -- $75 / 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 $4,950 $143,400 $29,600 $113,800
2023 $5,416 $143,400 $29,600 $113,800
2022 $5,416 $143,400 $29,600 $113,800
2021 $5,594 $143,400 $29,600 $113,800
2020 $5,641 $143,400 $29,600 $113,800
2019 $3,785 $95,000 $41,500 $53,500
2018 $3,356 $95,000 $41,500 $53,500
2017 $3,660 $107,000 $53,500 $53,500
2016 $4,709 $122,000 $61,000 $61,000
2015 $5,099 $149,000 $59,000 $90,000
2014 $4,989 $149,000 $59,000 $90,000
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2017

    Trish Quintana

    BHHS Fox & Roach

    (609) 317-6604

    1 in this area

    10 Total Sales

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 461140

South Jersey Shore Regional MLS

APN: 02-00272-0000-00008

New Jersey Atlantic County Atlantic City 08401 Chelsea

2714 Arctic Ave, Atlantic City, NJ

This home is located at 2714 Arctic Ave, Atlantic City, NJ 08401 since 17 January 2016 and is currently estimated at $273,826, approximately $203 per square foot. 2714 Arctic Ave is a home located in Atlantic County with nearby schools including Brighton Avenue School, Atlantic City High School, and Our Lady Star of the Sea Regional School.

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