$65,000
SOLD JUL 24, 2020

The Ritz 2721 Boardwalk Unit 1019 Atlantic City, NJ 08401

Chelsea Neighborhood
-- Bed
1 Bath
-- Sq Ft
392 Sq Ft Lot

Recently Sold

148 Days on Market

Highlights

  • Water Views
  • Clubhouse
  • Sauna
  • Building is beachfront but unit may not have water views
  • Deck
  • Community Pool

About This Home

As of April 2024

Sit back, relax and enjoy life on the beach in this Studio layout in the Historic Ritz Condo-Atlantic City. The Ritz has been rated as one of the best managed condo buildings in AC and is one of the few condo associations in Atlantic City that allows pets! The building, originally of the Ritz Carlton Hotels, offers old world charm with modern flair. Condo Fee includes utilities and access to all of the building's luxury, hotel style amenities including the Pool, Jacuzzi, His & Her Saunas and 24 Hour Gym.

Last Agent to Sell the Property

Carol Hartman

BOARDWALK REALTY License #0122079 Listed on: 02/10/2020

Last Buyer's Agent

Linda Magarick

BHHS FOX and ROACH-Margate License #8439585

BHHS FOX and ROACH-Margate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,061

Parking

  • 1 Parking Space

Home Design

  • Brick Exterior Construction

Kitchen

  • Stove
  • Disposal

Utilities

  • Forced Air Heating System
  • Cable TV Available

Additional Features

  • Water Views
  • 1 Full Bathroom
  • Deck
  • Building is beachfront but unit may not have water views

Community Details

Overview

  • Association fees include amenities, electric, management, sewer, trash, water, hot water, air conditioning, heat, pool
  • Ritz Condos
  • 11-Story Property

Amenities

  • Building Patio
  • Community Deck or Porch
  • Sauna
  • Clubhouse
  • Laundry Facilities
  • Elevator
  • Community Storage Space

Recreation

  • Community Boardwalk
  • Community Pool
  • Community Whirlpool Spa

Pet Policy

  • Pet Restriction

Security

  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,061

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Lvt Date: 02/10/2020
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Eleven Or More
  • Unit Location: Water View
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Appliances: Disposal, Electric Stove, Refrigerator
  • Full Bathrooms: 1
  • Common Area Features: Cable Tv, Clubhouse/Clubroom, Deck/Porch, Elevator, Enclsd/Covered Porch, Laundromat On Site, Patio, Pool, Sauna, Security, Storage Facility, Whirlpool/Spa

Exterior Features

  • Siding Exterior: Brick

Garage/Parking

  • Parking Exterior: One Car

Utilities

  • Heating: Forced Air
  • Sewer: Public Sewer
  • Water: Public Water

Condo/Co-op/Association

  • HOA Includes: Amenities, Electric, Management, Sewer, Trash, Water, Hot Water, Air Conditioning, Heat, Pool
  • Condo Name: Ritz
  • Management: Association

Lot Info

  • Location: Beach Block, Boardwalk Front, Water View

Rental Info

  • Pets: Yes W/Restrictions

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2024
Closed on
May 6, 2024
Sold by
Hensley Frederick Spencer and Maguire Michelle D
Bought by
Molina Edwin and Molina Marisol
Seller's Agent
Colleen Bell
RE/MAX COASTAL
Buyer's Agent
Fatemeh Mohseni
BALSLEY/LOSCO
List Price
$100,000
Sold Price
$100,000
Views
90
Current Estimated Value
$120,027

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,027
Avg. Annual Appreciation
15.86%

Purchase Details

Listed on
Feb 10, 2020
Closed on
Jul 22, 2020
Sold by
Koren Ilan and Koren Orly
Bought by
Hensley Frederick Spencer
Seller's Agent
Carol Hartman
BOARDWALK REALTY
Buyer's Agent
Linda Magarick
BHHS FOX and ROACH-Margate
List Price
$64,900
Sold Price
$65,000
Premium/Discount to List
$100
0.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.14%

Purchase Details

Closed on
May 8, 2009
Sold by
Saffares Terri J and Hartman Carol
Bought by
Koren Ilan and Koren Orly

Purchase Details

Closed on
Mar 20, 2003
Sold by
Latz Susan L and Saffares Terri J
Bought by
Saffares Terri J

Purchase Details

Closed on
Jun 27, 2002
Sold by
Latz Susan L and Saffares Terri J
Bought by
Saffares Terri J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,325
Interest Rate
6.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 10, 2000
Sold by
Oshea George and Oshea Loretta V
Bought by
Latz Susan L and Saffares Terri J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$33,300
Interest Rate
8.5%
Mortgage Type
Purchase Money Mortgage
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 Type Sale Price Title Company
Deed $100,000 Agents Title
Deed $65,000 Trident Land Transfer
Deed $100,000 Commonwealth Land Title Insu
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- Fidelity National Title
Bargain Sale Deed $37,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $27,325 Purchase Money Mortgage
Previous Owner $33,300 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2024 04/25/24 Sold $100,000 0.0% --
03/26/2024 03/26/24 Pending -- -- --
03/13/2024 03/13/24 For Sale $100,000 +53.8% --
07/24/2020 07/24/20 Sold $65,000 +0.2% --
07/07/2020 07/07/20 Pending -- -- --
02/10/2020 02/10/20 For Sale $64,900 -- --
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 $2,061 $59,700 $25,000 $34,700
2023 $2,255 $59,700 $25,000 $34,700
2022 $2,255 $59,700 $25,000 $34,700
2021 $2,329 $59,700 $25,000 $34,700
2020 $2,349 $59,700 $25,000 $34,700
2019 $2,072 $52,000 $26,000 $26,000
2018 $1,837 $52,000 $26,000 $26,000
2017 $2,395 $70,000 $35,000 $35,000
2016 $2,702 $70,000 $35,000 $35,000
2015 $2,395 $70,000 $35,000 $35,000
2014 $3,515 $105,000 $60,000 $45,000
Source: Public Records

Agents Affiliated with this Home

  • Colleen Bell

    Seller's Agent in 2024

    Colleen Bell

    RE/MAX

    (609) 204-2935

    2 in this area

    189 Total Sales

    Colleen Bell
    Section Image
  • Fatemeh Mohseni

    Buyer's Agent in 2024

    Fatemeh Mohseni

    BALSLEY/LOSCO

    (609) 437-6760

    17 in this area

    49 Total Sales

    Fatemeh Mohseni
    Section Image

  • C

    Seller's Agent in 2020

    Carol Hartman

    BOARDWALK REALTY

    (609) 345-3101

    18 in this area

    21 Total Sales

    Carol Hartman
    Section Image
  • Linda Magarick

    Buyer's Agent in 2020

    Linda Magarick

    BHHS Fox & Roach

    (609) 226-3775

    52 in this area

    60 Total Sales

    Linda Magarick
    Section Image
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About The Ritz

Map

Source: South Jersey Shore Regional MLS

MLS Number: 533631

South Jersey Shore Regional MLS

APN: 02-00031-0000-00002-0000-C1019

New Jersey Atlantic County Atlantic City 08401 Chelsea

2721 Boardwalk Unit 1019, Atlantic City, NJ

This home is located at 2721 Boardwalk Unit 1019, Atlantic City, NJ 08401 and is currently priced at $65,000. 2721 Boardwalk Unit 1019 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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