NOT LISTED FOR SALE

31 N Iowa Ave Atlantic City, NJ 08401

Chelsea Neighborhood

Estimated Value: $241,000 - $327,000

-- Bed
-- Bath
2,098 Sq Ft
$133/Sq Ft Est. Value

Last Sold May 31, 2017

Last sale price $75,000 $36 Per Sq Ft

Est. 272% increase in value since last sale

Current estimated payment $1,775/month

65 Days on Market

About This Home

As of May 2017

Great location in Atlantic City 3 one bedroom apts the 3rd floor was not finished which would add other bedrooms as u can see the rents are very low the right operator can get this building making cash

Last Agent to Sell the Property

Sheldon Grace

GRACE PROPERTIES Listed on: 02/27/2017

Last Buyer's Agent

Sheldon Grace

GRACE PROPERTIES Listed on: 02/27/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,666

Lot Details

  • 1,045

Parking

  • Off-Site Parking

Home Design

  • Triplex
  • Brick Exterior Construction
  • Concrete Siding

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Natural Gas
  • Separate Meters
  • Gas Water Heater

Additional Features

  • Heated Basement
  • Lot Dimensions are 16x64.5

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,666

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Triplex
  • Allow Comsumer Comment: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Finished, Heated

Exterior Features

  • Siding Exterior: Brick, Concrete
  • Storm Screens: Combination

Garage/Parking

  • Parking Exterior: Off Site Parking

Utilities

  • Air Conditioner: Wall Units
  • Heating: Gas-Natural, Radiator
  • Sewer: Public Sewer
  • Water Heater: Gas

Lot Info

  • Lot Dimensions: 16x64.5

Rental Info

  • Rental Information: 100 Percent Occupancy, Monthly

Multi Family

  • Number Of Units: 3
  • Number Of1 Bedroom Units: 3
  • Separate Meters: Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 3, 2022
Sold by
Tietje Craig A
Bought by
31 N Iowa Townhouse Llc
Current Estimated Value
$279,317

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,500
Outstanding Balance
$159,519
Interest Rate
7.08%
Mortgage Type
New Conventional
Estimated Equity
$119,798

Purchase Details

Listed on
Feb 27, 2017
Closed on
May 31, 2017
Sold by
Gross Lawrence J and Gross Jean M
Bought by
Tietje Craig A
Seller's Agent
Sheldon Grace
GRACE PROPERTIES
Buyer's Agent
Sheldon Grace
GRACE PROPERTIES
List Price
$75,000
Sold Price
$75,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.92%
Original Mortgage
$74,900
Interest Rate
4.02%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 17, 1995
Sold by
Dehner John
Bought by
Gross Lawrence J and Gross Jean M
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 Buyer Sale Price Title Company
31 N Iowa Townhouse Llc -- Surety Title
Tietje Craig A $75,000 Surety Title Co Llc
Gross Lawrence J $61,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 31 N Iowa Townhouse Llc $164,500
Previous Owner Tietje Craig A $74,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2017 05/31/17 Sold $75,000 0.0% $36 / Sq Ft
05/03/2017 05/03/17 Pending -- -- --
02/27/2017 02/27/17 For Sale $75,000 -- $36 / 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 $3,666 $106,200 $29,100 $77,100
2024 $3,666 $106,200 $29,100 $77,100
2023 $4,011 $106,200 $29,100 $77,100
2022 $4,011 $106,200 $29,100 $77,100
2021 $4,143 $106,200 $29,100 $77,100
2020 $4,178 $106,200 $29,100 $77,100
2019 $3,785 $95,000 $55,000 $40,000
2018 $4,593 $130,000 $80,000 $50,000
2017 $4,447 $130,000 $80,000 $50,000
2016 $5,018 $130,000 $80,000 $50,000
2015 $4,449 $130,000 $80,000 $50,000
2014 $4,352 $130,000 $80,000 $50,000
Source: Public Records

Agents Affiliated with this Home

  • Sheldon Grace

    Seller's Agent in 2017

    Sheldon Grace

    GRACE PROPERTIES

    (609) 485-2262

    1 in this area

    55 Total Sales

    Sheldon Grace
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 482988

South Jersey Shore Regional MLS

APN: 02-00273-0000-00036

New Jersey Atlantic County Atlantic City 08401 Chelsea

31 N Iowa Ave, Atlantic City, NJ

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