The Ritz 2721 Boardwalk Unit 516 Atlantic City, NJ 08401
Chelsea Neighborhood
--
Bed
1
Bath
--
Sq Ft
392
Sq Ft Lot
Highlights
- Ocean Front
- Building is beachfront but unit may not have water views
- Sauna
- The property is located in a historic district
- Cathedral Ceiling
- Community Pool
About This Home
As of September 2024Come live the Salt Life in the Historic Ritz. Unit 516 has been nicely updated and furnished. The Ritz offers a full floor of amenities. You will always be entertained in either the indoor pool, 24 hr gym, game , library or one of the many lounges.
Last Agent to Sell the Property
BOARDWALK REALTY License #0897573 Listed on: 01/09/2024
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,774
Year Built
- Built in 1921
Lot Details
- Building is beachfront but unit may not have water views
- Ocean Front
Home Design
- Brick Exterior Construction
Interior Spaces
- 1 Full Bathroom
- Partially Furnished
- Cathedral Ceiling
- Water Views
Kitchen
- Stove
- Disposal
Location
- The property is located in a historic district
Utilities
- Air Conditioning
- Heat Pump System
- 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
- Community Pool
Pet Policy
- Pets Allowed
- Pet Restriction
Security
- Security Service
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 9, 2024
Closed on
Sep 29, 2024
Sold by
Han
Bought by
Sloan Eric J and Sloan Jennifer
Seller's Agent
David Hirsch
BOARDWALK REALTY
Buyer's Agent
Catherine Colfver
BALSLEY/LOSCO
List Price
$129,000
Sold Price
$125,000
Premium/Discount to List
-$4,000
-3.1%
Views
121
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,679
Avg. Annual Appreciation
5.66%
Original Mortgage
$112,500
Outstanding Balance
$111,830
Interest Rate
6.08%
Mortgage Type
New Conventional
Estimated Equity
$19,306
Purchase Details
Listed on
Nov 8, 2019
Closed on
Jan 6, 2020
Sold by
Elmer Linda
Bought by
Han
Seller's Agent
Paula Hartman
BHHS FOX and ROACH-Margate
Buyer's Agent
Georgeanna Newmones
eXp Realty-Atlantic City
List Price
$56,000
Sold Price
$50,000
Premium/Discount to List
-$6,000
-10.71%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.58%
Purchase Details
Closed on
Aug 25, 2004
Sold by
Trenton Therapy Associates Inc
Bought by
Zingarelli Carole
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Beth Van Syckle REAL-GALLOWAY
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $125,000 | Agents Title | |
| Deed | $125,000 | Agents Title | |
| Deed | $50,000 | Surety Title Company Llc | |
| Deed | $95,000 | -- | |
| Deed | $95,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $112,500 | New Conventional | |
| Closed | $112,500 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/20/2024 09/20/24 | Sold | $125,000 | -3.1% | -- |
| 07/11/2024 07/11/24 | Pending | -- | -- | -- |
| 01/09/2024 01/09/24 | For Sale | $129,000 | +158.0% | -- |
| 01/13/2020 01/13/20 | Sold | $50,000 | -10.7% | -- |
| 11/08/2019 11/08/19 | For Sale | $56,000 | -- | -- |
Source: South Jersey Shore Regional MLS
Tax History Compared to Growth
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 | $1,774 | $51,400 | $15,000 | $36,400 |
| 2023 | $1,941 | $51,400 | $15,000 | $36,400 |
| 2022 | $1,941 | $51,400 | $15,000 | $36,400 |
| 2021 | $2,005 | $51,400 | $15,000 | $36,400 |
| 2020 | $2,022 | $51,400 | $15,000 | $36,400 |
| 2019 | $2,032 | $51,000 | $25,500 | $25,500 |
| 2018 | $1,802 | $51,000 | $25,500 | $25,500 |
| 2017 | $2,566 | $75,000 | $37,500 | $37,500 |
| 2016 | $2,895 | $75,000 | $37,500 | $37,500 |
| 2015 | $3,764 | $110,000 | $55,000 | $55,000 |
| 2014 | $3,683 | $110,000 | $55,000 | $55,000 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2024
David Hirsch
BOARDWALK REALTY
(609) 214-9567
139 in this area
188 Total Sales
-
Buyer's Agent in 2024
Catherine Colfver
BALSLEY/LOSCO
(609) 377-4107
2 in this area
265 Total Sales
-
Seller's Agent in 2020
Paula Hartman
BHHS Fox & Roach
(609) 487-7234
55 in this area
768 Total Sales
-
Seller Co-Listing Agent in 2020
Todd Gordon
BHHS FOX and ROACH-Margate III
(609) 553-5098
65 in this area
448 Total Sales
-
Buyer's Agent in 2020
Georgeanna Newmones
eXp Realty-Atlantic City
(609) 710-5550
21 in this area
250 Total Sales
About The Ritz
Map
Source: South Jersey Shore Regional MLS
MLS Number: 581095
APN: 02-00031-0000-00002-0000-C0516
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