NOT LISTED FOR SALE

311 N Elberon Ave Atlantic City, NJ 08401

Chelsea Heights Neighborhood

Estimated Value: $410,357 - $564,000

-- Bed
-- Bath
2,656 Sq Ft
$187/Sq Ft Est. Value

Last Sold February 21, 2020

Last sale price $265,000 $100 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $3,240/month

22 Days on Market

Highlights

  • Deck
  • 3 Car Detached Garage
  • Patio
  • Workshop

About This Home

As of February 2020

INVESTOR ALERT - Don't miss out on this opportunity to own a rare triplex in the desirable up and coming neighborhood of Chelsea Heights. This beautiful, meticulously maintained home features a 2 bedroom main house on the second and third floors, with an office and spacious decks off the side and the back of the house. It also features loads of closet space for your storage needs along with a walk-in full length cedar closet. There is also a large driveway to the side of the house leading to a garage and workshop out back that is every man's dream. On the first floor, there are two one bedroom apartments that are clean and well maintained. Each unit has front and back door access. One apartment has a year round tenant. The rental income would substantially offset the costs of this unit. The options are endless. You can rent two units and keep one or rent all three and most likely have positive cash flow. Don't wait, this one won't last. Call today for an appointment.

Last Agent to Sell the Property

John A. McCann

C A McCann and Sons, Inc Listed on: 12/16/2019

Last Buyer's Agent

JAIME MIKLINEVICH

BHHS FOX and ROACH-Margate III

BHHS FOX and ROACH-Margate III

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,493

Year Built

  • Built in 1900

Lot Details

  • Lot Dimensions are 50 x 105

Parking

  • 3 Car Detached Garage

Home Design

  • Triplex
  • Slab Foundation
  • Aluminum Siding
  • Cedar Siding

Interior Spaces

  • Partially Furnished
  • Blinds
  • Workshop

Kitchen

  • Self-Cleaning Oven
  • Dishwasher

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio

Utilities

  • Heating System Uses Natural Gas
  • Separate Meters
  • Gas Water Heater

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,493

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Triplex
  • Also Includes: Blinds, Partially Furnished
  • Lvt Date: 12/19/2019
  • Year Built: 1900
  • Allow Comsumer Comment: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Dryer, Refrigerator, Self Cleaning Oven, Washer
  • Basement: Slab
  • Other Rooms: Workshop

Exterior Features

  • Outside Features: Deck, Patio
  • Siding Exterior: Aluminum, Cedar

Garage/Parking

  • Driveway: Concrete
  • Garage: Detached Garage
  • Parking Exterior: Three Or More Cars

Utilities

  • Heating: Gas-Natural
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas

Lot Info

  • Lot Dimensions: 50 x 105

Multi Family

  • Number Of Units: 3
  • Number Of1 Bedroom Units: 2
  • Number Of2 Bedroom Units: 1
  • Separate Meters: Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 16, 2019
Closed on
Feb 21, 2020
Sold by
Perry Theresa M
Bought by
Cadavid Jeanet
Seller's Agent
John A. McCann
C A McCann and Sons, Inc
Buyer's Agent
JAIME MIKLINEVICH
BHHS FOX and ROACH-Margate III
List Price
$295,000
Sold Price
$265,000
Premium/Discount to List
-$30,000
-10.17%
Current Estimated Value
$496,339

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$231,339
Avg. Annual Appreciation
12.02%
Original Mortgage
$260,200
Outstanding Balance
$230,939
Interest Rate
3.5%
Mortgage Type
FHA
Estimated Equity
$265,400
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
Cadavid Jeanet $265,000 Amrock Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cadavid Jeanet $260,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2020 02/21/20 Sold $265,000 -10.2% $100 / Sq Ft
01/07/2020 01/07/20 Pending -- -- --
12/16/2019 12/16/19 For Sale $295,000 -- $111 / 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 $6,493 $188,100 $51,000 $137,100
2024 $6,493 $188,100 $51,000 $137,100
2023 $7,105 $188,100 $51,000 $137,100
2022 $7,105 $188,100 $51,000 $137,100
2021 $7,338 $188,100 $51,000 $137,100
2020 $7,400 $188,100 $51,000 $137,100
2019 $7,171 $180,000 $90,000 $90,000
2018 $6,359 $180,000 $90,000 $90,000
2017 $6,842 $200,000 $67,500 $132,500
2016 $7,720 $200,000 $67,500 $132,500
2015 $9,068 $265,000 $132,500 $132,500
2014 $8,872 $265,000 $132,500 $132,500
Source: Public Records

Agents Affiliated with this Home

  • John A. McCann

    Seller's Agent in 2020

    John A. McCann

    C A McCann and Sons, Inc

    (609) 408-8106

    149 Total Sales

    John A. McCann
    Section Image

  • J

    Buyer's Agent in 2020

    JAIME MIKLINEVICH

    BHHS FOX and ROACH-Margate III

    13 Total Sales

    JAIME MIKLINEVICH
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 531599

South Jersey Shore Regional MLS

APN: 02-00364-0000-00024

New Jersey Atlantic County Atlantic City 08401 Chelsea Heights

311 N Elberon Ave, Atlantic City, NJ

This home is located at 311 N Elberon Ave, Atlantic City, NJ 08401 since 16 December 2019 and is currently estimated at $496,339, approximately $186 per square foot. This property was built in 1900. 311 N Elberon Ave is a home located in Atlantic County with nearby schools including Chelsea Heights School, Atlantic City High School, and Our Lady Star of the Sea Regional School.

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