NOT LISTED FOR SALE

3 S Montpelier Ave Atlantic City, NJ 08401

Chelsea Neighborhood

Estimated Value: $610,000 - $789,000

-- Bed
-- Bath
3,879 Sq Ft
$179/Sq Ft Est. Value

Last Sold September 30, 2021

Last sale price $416,000 $107 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $4,642/month

Highlights

  • Water Views
  • 1 Car Detached Garage
  • Hot Water Heating System
  • Deck
  • Porch

About This Home

As of September 2021

Investor Alert!! This unique Four-Plex located just two blocks from the beach and surrounded by great commercial properties as well as the world Famous Atlantic City Boardwalk!! Location Location Location!! Ample parking up to 7 spots including one inside the garage. This amazing property has so much potential for your perfect "Happy Place" by the sea as well as a multiple income property. Please note this property is being SOLD AS IS

Last Agent to Sell the Property

Giulietta Consalvo

MARKETPLACE REALTY Listed on: 08/04/2021

Last Buyer's Agent

Diane Ciliberti

BHHS FOX and ROACH-Northfield

BHHS FOX and ROACH-Northfield

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,951

Lot Details

  • 6,273

Home Design

  • Brick Exterior Construction

Parking

  • 1 Car Detached Garage
  • Parking Pad

Outdoor Features

  • Deck
  • Porch

Utilities

  • Hot Water Heating System
  • Heating System Uses Oil
  • Separate Meters
  • Oil Water Heater

Additional Features

  • Water Views
  • Crawl Space
  • Lot Dimensions are 50' x 125'

Community Details

Overview

  • 4 Units

Recreation

  • Community Boardwalk

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,951

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: 4 - 10 Units
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space

Exterior Features

  • Outside Features: Deck, Porch
  • Siding Exterior: Brick
  • Storm Screens: Combination

Garage/Parking

  • Driveway: Concrete
  • Garage: One Car, Detached Garage
  • Parking Exterior: Three Or More Cars, Parking Pad

Utilities

  • Heating: Hot Water, Oil
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Oil

Lot Info

  • Location: Boardwalk Area, Water View
  • Lot Dimensions: 50' x 125'

Rental Info

  • Rental Information: Seasonal

Multi Family

  • Number Of Units: 4
  • Number Of1 Bedroom Units: 2
  • Number Of2 Bedroom Units: 2
  • Separate Meters: Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2021
Closed on
Sep 30, 2021
Sold by
Meyers Sally S
Bought by
Leung Lai San
Seller's Agent
Giulietta Consalvo
MARKETPLACE REALTY
Buyer's Agent
Diane Ciliberti
BHHS FOX and ROACH-Northfield
List Price
$399,997
Sold Price
$416,000
Premium/Discount to List
$16,003
4%
Current Estimated Value
$693,093

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$277,093
Avg. Annual Appreciation
13.36%
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
Leung Lai San $416,000 Surety Title Company
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2021 09/30/21 Sold $416,000 +4.0% $107 / Sq Ft
08/16/2021 08/16/21 Pending -- -- --
08/04/2021 08/04/21 For Sale $399,997 -- $103 / 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 $11,951 $346,200 $47,500 $298,700
2024 $11,951 $346,200 $47,500 $298,700
2023 $13,076 $346,200 $47,500 $298,700
2022 $13,076 $346,200 $47,500 $298,700
2021 $9,550 $244,800 $47,500 $197,300
2020 $9,630 $244,800 $47,500 $197,300
2019 $8,566 $215,000 $55,000 $160,000
2018 $7,596 $215,000 $55,000 $160,000
2017 $8,895 $260,000 $100,000 $160,000
2016 $10,036 $260,000 $100,000 $160,000
2015 $8,897 $260,000 $100,000 $160,000
2014 $17,396 $519,600 $226,600 $293,000
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2021

    Giulietta Consalvo

    MARKETPLACE REALTY

    (646) 318-0353

    2 in this area

    17 Total Sales

    Giulietta Consalvo
    Section Image
  • Diane Ciliberti

    Buyer's Agent in 2021

    Diane Ciliberti

    BHHS Fox & Roach

    (215) 768-8763

    4 in this area

    15 Total Sales

    Diane Ciliberti
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 553915

South Jersey Shore Regional MLS

APN: 02-00181-0000-00001

New Jersey Atlantic County Atlantic City 08401 Chelsea

3 S Montpelier Ave, Atlantic City, NJ

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