NOT LISTED FOR SALE

Estimated Value: $212,937 - $334,000

-- Bed
-- Bath
1,712 Sq Ft
$158/Sq Ft Est. Value

Last Sold March 24, 2016

Last sale price $12,900 $8 Per Sq Ft

Est. 1,993% increase in value since last sale

Current estimated payment $1,732/month

24 Days on Market

About This Home

As of March 2016

$27,000.00 Annual Rent Roll when Leased out. Lowest priced Duplex in Atlantic City. NOT a Short Sale. Cash Deal-Quick Closing! This is the best investment opportunity your going to find ALL year in Atlantic City. Property has been cleaned out and is ready to be brought back to life, each unit has separate utilities and 2bdrms each, a concrete drive way, covered front porch and rear patio downstairs, enclosed front porch and covered rear deck upstairs. Ideal spot for a rental property located in the AC Inlet close to Parks, Schools, Casinos, the Bay, Gardners Basin, the Absecon Lighthouse, the Marina District, and of course the Beach and Boardwalk. This Duplex makes a great fix and flip, or renovate and rent it out, the massive rent roll of nearly $30k provides plenty of wiggle room to cover up any mistakes made along the way.

Last Agent to Sell the Property

Gerard Barker

WEICHERT REALTORS ASBURY GROUP-AC License #0566410 Listed on: 02/06/2016

WEICHERT REALTORS ASBURY GROUP-AC

Last Buyer's Agent

Gerard Barker

WEICHERT REALTORS ASBURY GROUP-AC License #0566410 Listed on: 02/06/2016

WEICHERT REALTORS ASBURY GROUP-AC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,600

Year Built

  • 1900

Lot Details

  • 2,309

Parking

  • 3 Parking Spaces

Home Design

  • Duplex

Outdoor Features

  • Deck
  • Enclosed patio or porch

Utilities

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

Additional Features

  • Crawl Space
  • Lot Dimensions are 38.5 x 60

Community Details

Overview

  • 2 Units

Recreation

  • Community Boardwalk

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,600

Year Built

1900

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Duplex
  • Lvt Date: 02/06/2016
  • Allow Comsumer Comment: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built (Public Record): 1900

Interior Features

  • Basement: Crawl Space

Exterior Features

  • Outside Features: Curbs, Deck, Needs Work, Patio, Porch, Porch-Enclosed, Sidewalks

Garage/Parking

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

Utilities

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

Lot Info

  • Location: Boardwalk Area
  • Lot Dimensions: 38.5 x 60

Multi Family

  • Number Of Units: 2
  • Number Of2 Bedroom Units: 2
  • Separate Meters: Electric, Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 24, 2016
Sold by
Nutter Timothy
Bought by
Brown Carlous and Nutter Timothy
Total Days on Market
24
Current Estimated Value
$269,984

Purchase Details

Listed on
Feb 6, 2016
Closed on
Mar 24, 2016
Sold by
6 N Brighton Llc
Bought by
Nutter Timothy
Seller's Agent
Gerard Barker
WEICHERT REALTORS ASBURY GROUP-AC
Buyer's Agent
Gerard Barker
WEICHERT REALTORS ASBURY GROUP-AC
List Price
$12,900
Sold Price
$12,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
39.13%

Purchase Details

Listed on
Feb 6, 2016
Closed on
Jan 29, 2016
Sold by
Kiang Pei Hong
Bought by
6N Brighton Llc
Seller's Agent
Gerard Barker
WEICHERT REALTORS ASBURY GROUP-AC
Buyer's Agent
Gerard Barker
WEICHERT REALTORS ASBURY GROUP-AC
List Price
$12,900
Sold Price
$12,900

Purchase Details

Closed on
Jun 28, 2007
Sold by
Thompson Doris Bernice
Bought by
Kuang Pei Hong

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
6.78%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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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
Brown Carlous -- --
Nutter Timothy $12,900 None Available
6N Brighton Llc $7,700 None Available
Kuang Pei Hong $160,000 Commonwealth Land Title Insu
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kuang Pei Hong $128,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2016 03/24/16 Sold $12,900 0.0% $8 / Sq Ft
03/01/2016 03/01/16 Pending -- -- --
02/06/2016 02/06/16 For Sale $12,900 -- $8 / 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
2024 $3,600 $104,300 $43,200 $61,100
2023 $3,939 $104,300 $43,200 $61,100
2022 $3,939 $104,300 $43,200 $61,100
2021 $4,069 $104,300 $43,200 $61,100
2020 $4,103 $104,300 $43,200 $61,100
2019 $3,717 $93,300 $46,300 $47,000
2018 $3,296 $93,300 $46,300 $47,000
2017 $7,013 $205,000 $158,000 $47,000
2016 $7,913 $205,000 $158,000 $47,000
2015 $7,015 $205,000 $158,000 $47,000
2014 $6,863 $205,000 $158,000 $47,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 462288

South Jersey Shore Regional MLS

APN: 02-00122-0000-00010