NOT LISTED FOR SALE

The Ritz 2721 Boardwalk Unit 1504 Atlantic City, NJ 08401

Chelsea Neighborhood

Estimated Value: $160,000 - $180,000

1 Bed
1 Bath
569 Sq Ft
566 Sq Ft Lot

Last Sold June 16, 2023

Last sale price $146,450 $257 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $1,119/month

106 Days on Market

Highlights

  • Ocean Front
  • Sauna
  • Elevator
  • Deck
  • Community Pool
  • Outdoor Community Showers

About This Home

As of June 2023

The view! 15th floor, the only double digit, upper level, one bedroom currently available at the Ritz. This beautiful unit with an epic view of the beach and boardwalk will not last! This is a very rare opportunity to own an upper level one bedroom at the historic Ritz Condominium. This unit is in great condition. Where in the world can you live with a ocean view like this one has for such a low price? Plus all the condo amenities! Move right in and have the best summer 2023 and endless more. Do not wait, this unit will sell very fast. 24 hour security, indoor pool with out door sun decks attached, hot tub, saunas, his and hers locker rooms, gym, game room, library and more amenities. Also, could be used as an investment property. Or both vacation and investment. Sky's the limit!

Last Agent to Sell the Property

Christopher Ponteri

3DX Real Estate, LLC Listed on: 02/03/2023

3DX Real Estate, LLC

Last Buyer's Agent

AGENT NON-MEMBER

NON-MEMBER OFFICE License #00000

Property Details

Home Type

  • Condominium

Lot Details

  • 566

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System

Additional Features

  • Water Views
  • Deck
  • Ocean Front

Community Details

Overview

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

Amenities

  • Sauna
  • Laundry Facilities
  • Elevator
  • Community Storage Space

Recreation

  • Community Boardwalk
  • Outdoor Community Showers
  • Community Pool
  • Community Whirlpool Spa

Pet Policy

  • Pets Allowed with Restrictions

Security

  • Security Service

Property Details

Home Type

Condominium

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • 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

  • Bedrooms: 1
  • Full Bathrooms: 1
  • Common Area Features: Deck/Porch, Elevator, Laundromat On Site, Outside Shower, Pool, Sauna, Security, Storage Facility, Whirlpool/Spa

Exterior Features

  • Siding Exterior: Brick

Utilities

  • Air Conditioner: Wall Units
  • Heating: Forced Air
  • Sewer: Public Sewer
  • Water: Public Water

Condo/Co-op/Association

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

Lot Info

  • Location: Ocean Front, Boardwalk Area

Rental Info

  • Pets: Yes W/Restrictions

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2023
Closed on
Jun 13, 2023
Sold by
Arrao Karen
Bought by
Whalon Donna M
Seller's Agent
Christopher Ponteri
3DX Real Estate, LLC
Buyer's Agent
AGENT NON-MEMBER
NON-MEMBER OFFICE
List Price
$169,900
Sold Price
$146,450
Premium/Discount to List
-$23,450
-13.8%
Views
268
Current Estimated Value
$167,381

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,931
Avg. Annual Appreciation
5.49%

Purchase Details

Closed on
Dec 21, 2022
Sold by
Lamas Martha J
Bought by
Arrao Karen

Purchase Details

Listed on
Oct 17, 2015
Closed on
Dec 8, 2015
Sold by
Nathan Meera V
Bought by
Lamas Martha J
Seller's Agent
David Hirsch
BOARDWALK REALTY
Buyer's Agent
Dante Nappi
REAL - FAIRFIELD
List Price
$72,500
Sold Price
$72,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.68%

Purchase Details

Closed on
Nov 16, 2001
Sold by
Rispoli Salvatore J and Rispoli Honora
Bought by
Nathan Dr Meera
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Whalon Donna M $146,450 Core Title
Arrao Karen $129,000 Shore Title
Lamas Martha J $72,500 Attorney
Nathan Dr Meera $58,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/16/2023 06/16/23 Sold $146,450 -2.3% $257 / Sq Ft
05/20/2023 05/20/23 Pending -- -- --
03/30/2023 03/30/23 Price Changed $149,900 -6.3% $263 / Sq Ft
02/23/2023 02/23/23 Price Changed $159,900 -5.9% $281 / Sq Ft
02/03/2023 02/03/23 For Sale $169,900 +134.3% $299 / Sq Ft
12/02/2015 12/02/15 Sold $72,500 0.0% $127 / Sq Ft View Prior Sale
11/02/2015 11/02/15 Pending -- -- --
10/17/2015 10/17/15 For Sale $72,500 -- $127 / 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
2025 $2,851 $82,600 $25,000 $57,600
2024 $2,851 $82,600 $25,000 $57,600
2023 $3,120 $82,600 $25,000 $57,600
2022 $3,120 $82,600 $25,000 $57,600
2021 $3,222 $82,600 $25,000 $57,600
2020 $3,249 $82,600 $25,000 $57,600
2019 $2,868 $72,000 $36,000 $36,000
2018 $2,544 $72,000 $36,000 $36,000
2017 $2,463 $72,000 $36,000 $36,000
2016 $3,860 $100,000 $50,000 $50,000
2015 $4,278 $125,000 $62,500 $62,500
2014 $4,185 $125,000 $62,500 $62,500
Source: Public Records

Agents Affiliated with this Home

  • Christopher Ponteri

    Seller's Agent in 2023

    Christopher Ponteri

    3DX Real Estate, LLC

    (609) 703-0006

    6 in this area

    19 Total Sales

    Christopher Ponteri
    Section Image

  • A

    Buyer's Agent in 2023

    AGENT NON-MEMBER

    NON-MEMBER OFFICE

  • David Hirsch

    Seller's Agent in 2015

    David Hirsch

    BOARDWALK REALTY

    (609) 214-9567

    134 in this area

    192 Total Sales

    David Hirsch
    Section Image
  • Dante Nappi

    Buyer's Agent in 2015

    Dante Nappi

    REAL - FAIRFIELD

    (609) 548-1588

    3 in this area

    15 Total Sales

    Dante Nappi
    Section Image
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About The Ritz

Map

Source: South Jersey Shore Regional MLS

MLS Number: 570868

South Jersey Shore Regional MLS

APN: 02-00031-0000-00002-0000-C1504

New Jersey Atlantic County Atlantic City 08401 Chelsea

2721 Boardwalk Unit 1504, Atlantic City, NJ

Not Listed for Sale

Condos

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