NOT LISTED FOR SALE

31 S Richmond Ave Atlantic City, NJ 08401

Lower Chelsea Neighborhood

Estimated Value: $409,000 - $691,000

-- Bed
-- Bath
1,980 Sq Ft
$279/Sq Ft Est. Value

Last Sold January 02, 2018

Last sale price $145,000 $73 Per Sq Ft

Est. 282% increase in value since last sale

Current estimated payment $3,641/month

147 Days on Market

Highlights

  • Enclosed Patio or Porch
  • Dining Room
  • Wood Siding
  • Living Room

About This Home

As of January 2018

This property is Perfect for a total renovation, new construction, or with a little bit of love, rental income! Just 1 1/2 blocks to the beach, this home is centrally located just blocks from the Monument, food, and shopping. The main unit consists of 4 bedrooms, 2 baths, intricate hardwood floors, enclosed wrap-around porch, and wood fireplace. The basement apartment consists of 1 bed, 1 bath with kitchen and living room/den. There is also off street parking (up to 2 cars) and a private patio. Don't let this chance pass you by!

Last Agent to Sell the Property

Linda Novelli

Compass Real Estate-Margate Listed on: 06/20/2017

Compass Real Estate-Margate

Co-Listed By

Vincent Novelli

Compass Real Estate-Margate

Last Buyer's Agent

Saul Cohen

M SIROTA and CO License #EB-7812108

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,515

Year Built

  • Built in 1900

Lot Details

  • 3,441

Parking

  • 1 Parking Space

Home Design

  • Duplex
  • Wood Siding

Interior Spaces

  • Living Room
  • Dining Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Stove
  • Microwave

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Private Water Source

Additional Features

  • Enclosed Patio or Porch
  • Lot Dimensions are 43 x 80

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,515

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Duplex
  • Lvt Date: 08/08/2017
  • Year Built: 1900
  • Age: 25+ Years
  • Allow Comsumer Comment: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Gas Stove, Microwave, Refrigerator
  • Basement: Full
  • Other Rooms: Dining Room, Kitchen, Living Room

Exterior Features

  • Outside Features: Patio, Porch-Enclosed
  • Siding Exterior: Wood Shingle

Garage/Parking

  • Driveway: Concrete
  • Parking Exterior: One Car

Utilities

  • Air Conditioner: Window Units
  • Heating: Gas-Natural
  • Sewer: Public Sewer
  • Water: Private

Lot Info

  • Lot Dimensions: 43 x 80

Multi Family

  • Number Of Units: 2
  • Number Of1 Bedroom Units: 1
  • Number Of4 Bedroom Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2017
Closed on
Jan 2, 2018
Sold by
Bernstein Avis
Bought by
Zhang Yuansen and Li Xueping
Seller's Agent
Linda Novelli
Compass Real Estate-Margate
Buyer's Agent
Saul Cohen
M SIROTA and CO
List Price
$145,000
Sold Price
$145,000
Current Estimated Value
$553,264

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$408,264
Avg. Annual Appreciation
18.48%
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
Zhang Yuansen $145,000 Surety Title Co
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/02/2018 01/02/18 Sold $145,000 0.0% $73 / Sq Ft
11/14/2017 11/14/17 Pending -- -- --
06/20/2017 06/20/17 For Sale $145,000 -- $73 / 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 $7,515 $217,700 $67,500 $150,200
2024 $7,515 $217,700 $67,500 $150,200
2023 $8,223 $217,700 $67,500 $150,200
2022 $8,223 $217,700 $67,500 $150,200
2021 $8,492 $217,700 $67,500 $150,200
2020 $9,017 $229,200 $67,500 $161,700
2019 $7,570 $190,000 $100,000 $90,000
2018 $14,902 $421,800 $261,900 $159,900
2017 $14,430 $421,800 $261,900 $159,900
2016 $16,281 $421,800 $261,900 $159,900
2015 $14,434 $421,800 $261,900 $159,900
2014 $14,122 $421,800 $261,900 $159,900
Source: Public Records

Agents Affiliated with this Home

  • Linda Novelli

    Seller's Agent in 2018

    Linda Novelli

    Compass Real Estate-Margate

    (609) 839-3715

    4 in this area

    173 Total Sales

    Linda Novelli
    Section Image
  • Vincent Novelli

    Seller Co-Listing Agent in 2018

    Vincent Novelli

    Compass Real Estate-Margate

    (609) 335-4501

    2 in this area

    73 Total Sales

    Vincent Novelli
    Section Image

  • S

    Buyer's Agent in 2018

    Saul Cohen

    M SIROTA and CO

    (609) 344-1214

    Saul Cohen
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 491996

South Jersey Shore Regional MLS

APN: 02-00201-0000-00024

New Jersey Atlantic County Atlantic City 08401 Lower Chelsea

31 S Richmond Ave, Atlantic City, NJ

This home is located at 31 S Richmond Ave, Atlantic City, NJ 08401 since 20 June 2017 and is currently estimated at $553,264, approximately $279 per square foot. This property was built in 1900. 31 S Richmond Ave is a home located in Atlantic County with nearby schools including Richmond Avenue School, Atlantic City High School, and Our Lady Star of the Sea Regional School.

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