NOT LISTED FOR SALE

The Ritz 2721 Boardwalk Unit 1215 Atlantic City, NJ 08401

Chelsea Neighborhood

Estimated Value: $114,696 - $166,000

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

Last Sold April 28, 2021

Last sale price $70,000

Est. 91% increase in value since last sale

Current estimated payment $874/month

3 Days on Market

Highlights

  • Ocean Front
  • Building is beachfront but unit may not have water views
  • Wood Flooring
  • The property is located in a historic district
  • Cathedral Ceiling
  • Sauna

About This Home

As of April 2021

The Beautifully restored Ritz Condominiums offers all you need in a vacation home, or year round residence. From the First Class Beaches to the World Famous Boardwalk and beyond. The Ritz offers full amenities, including an indoor heated pool, and state of the art Gym. This North facing view condo has been fully updated . Just sit back and enjoy the view.

Last Agent to Sell the Property

David Hirsch

BOARDWALK REALTY Listed on: 04/08/2021

BOARDWALK REALTY

Last Buyer's Agent

Daniel Mitchell

KELLER WILLIAMS REALTY ATLANTIC SHORE-Northfield License #1970777

KELLER WILLIAMS REALTY ATLANTIC SHORE-Northfield

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1921

Lot Details

  • Building is beachfront but unit may not have water views
  • Ocean Front

Parking

  • 1 Parking Space

Home Design

  • Brick Exterior Construction
  • Stucco

Interior Spaces

  • 1 Full Bathroom
  • Partially Furnished
  • Cathedral Ceiling
  • Wood Flooring
  • Water Views
  • Stove

Location

  • The property is located in a historic district

Utilities

  • Air Conditioning
  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Community Details

Overview

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

Amenities

  • Sauna
  • Courtesy Bus
  • Laundry Facilities
  • Elevator

Recreation

  • Community Boardwalk
  • Outdoor Community Showers
  • Community Pool

Pet Policy

  • Pets Allowed with Restrictions

Security

  • Security Service

Property Details

Home Type

Condominium

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Also Includes: Partially Furnished
  • Year Built: 1921
  • Age: 25+ Years
  • 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: Electric Stove, Refrigerator
  • Full Bathrooms: 1
  • Common Area Features: Bus Service, Cable Tv, Elevator, Laundromat On Site, Outside Shower, Pool, Sauna, Security

Exterior Features

  • Siding Exterior: Brick, Stucco

Garage/Parking

  • Parking Exterior: One Car

Utilities

  • Air Conditioner: Electric
  • Heating: Heat Pump
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA Includes: Amenities, Electric, Insurance, Maintenance, Management, Sewer, Trash, Water, Hot Water, Air Conditioning, Heat, Pool
  • Condo Name: Ritz
  • Management: Association, On-Site Professionals

Lot Info

  • Location: Beach Block, Boardwalk Front, Historical District, Ocean Front, Boardwalk Area, Water View

Rental Info

  • Pets: Yes W/Restrictions

Multi Family

  • Unit Features: Cathedral Ceiling(s), Hardwood Floors, Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2021
Closed on
Apr 26, 2021
Sold by
Capone Michele
Bought by
Oneill James T
Seller's Agent
David Hirsch
BOARDWALK REALTY
Buyer's Agent
Daniel Mitchell
KELLER WILLIAMS REALTY ATLANTIC SHORE-Northfield
List Price
$74,900
Sold Price
$70,000
Premium/Discount to List
-$4,900
-6.54%
Current Estimated Value
$133,424

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,424
Avg. Annual Appreciation
15.02%

Purchase Details

Closed on
Feb 24, 2012
Sold by
Tambasco Matteo and Tambasco Catherine
Bought by
Capone Michele

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,600
Interest Rate
3.9%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Oneill James T $70,000 Atlantic Shore Title
Capone Michele $74,500 Foundation Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Capone Michele $59,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/28/2021 04/28/21 Sold $70,000 -6.5% --
04/11/2021 04/11/21 Pending -- -- --
04/08/2021 04/08/21 For Sale $74,900 -- --
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
2025 $2,061 $59,700 $25,000 $34,700
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 $2,191 $55,000 $27,500 $27,500
2018 $1,943 $55,000 $27,500 $27,500
2017 $1,882 $55,000 $27,500 $27,500
2016 $4,825 $125,000 $93,750 $31,250
2015 $4,278 $125,000 $93,750 $31,250
2014 $4,185 $125,000 $93,750 $31,250
Source: Public Records

Agents Affiliated with this Home

  • David Hirsch

    Seller's Agent in 2021

    David Hirsch

    BOARDWALK REALTY

    (609) 214-9567

    134 in this area

    192 Total Sales

    David Hirsch
    Section Image

  • D

    Buyer's Agent in 2021

    Daniel Mitchell

    KELLER WILLIAMS REALTY ATLANTIC SHORE-Northfield

    1 in this area

    11 Total Sales

    Daniel Mitchell
    Section Image
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About The Ritz

Map

Source: South Jersey Shore Regional MLS

MLS Number: 549212

South Jersey Shore Regional MLS

APN: 02-00031-0000-00002-0000-C1215

New Jersey Atlantic County Atlantic City 08401 Chelsea

2721 Boardwalk Unit 1215, Atlantic City, NJ

Not Listed for Sale

Condos

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