NOT LISTED FOR SALE

Estimated Value: $360,000 - $395,000

1 Bed
1.5 Baths
832 Sq Ft
$599/mo HOA Fee

Last Sold April 19, 2021

Last sale price $220,000 $264 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $3,252/month

Highlights

  • Home fronts navigable water
  • Penthouse
  • Living Room
  • Access to Tidal Water
  • Community Pool
  • 4-minute walk to O'Donnell Memorial Park

About This Home

As of April 2021

Just in Time for Summer!!!! This Beachfront Penthouse Suite not only has an Incredible View, but a long list of Upgrades and Amenities - so let's get started! From the Balcony, you have an Ocean Front view, Atlantic City Casinos and the City Bay to your west. You'll enjoy amazing sunrises, sunsets and the nightlife lights, all from your very own Penthouse! The entire living space has been freshly repainted, including all New Doorknobs, Handles, New Carpeting and a Steel Stud mounted Articulating TV wall Mount, that hold up to 200 pounds! Every single light in this Penthouse is completely outfitted with a Phillips Bluetooth Hue ambient color changing light system, that is all controlled right from your cell phone! Compatible with App, Voice, Alexa and Google Home. You can literally adjust any light, at any moment, to any color you desire! (request YouTube link for a video tutorial) - This Penthouse has a fingerprint scanner, and code for your front door that allows you to adjust custom codes for any guest and can also be changed by an app on your phone, at any time! - Okay, so let' s talk a little bit about the Association itself, and what other amazing inclusions come with it. You have 24/7 Front desk concierge, 24/7 maintenance & cleaning, along with 24/7 security, fully enclosed - double gated keycard entry parking garage, with 24/7 monitoring, an indoor pool, Sauna, Ping Pong table room, two indoor hot tubs and a Panoramic view from West to East, Catching every sunrise and sunset view from the Sunroom/Tanning Area. A Public Club, that you can also Privately Reserve; offering a lounge area with a bar, Luxury leather sectionals, cable TV, Wi-Fi and a Beachfront View hanging over the boardwalk. There is also an outdoor pool, outdoor showers, outdoor gate entry, boardwalk entry, on-beach private equipment lockers, mail room, billiards room, basement and bicycle storage! oh, and Rumor has it - Muhammad Ali once owned one of these Penthouses? If you have any info on that, let us know! We're excited to offer this amazing property to you and we look forward to your private tour!

Last Agent to Sell the Property

Vincent R Travalino Jr

Keller Williams Realty - Washington Township Listed on: 03/25/2021

Keller Williams Realty - Washington Township

Last Buyer's Agent

datacorrect BrightMLS

Non Subscribing Office

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,844

Year Built

  • Built in 1985

Lot Details

  • 871

HOA Fees

  • $599 Monthly HOA Fees

Parking

  • Assigned Parking Garage Space

Home Design

  • Penthouse
  • Entry on the 27th floor

Interior Spaces

  • 832 Sq Ft Home
  • Property has 2 Levels
  • Living Room

Bedrooms and Bathrooms

  • 1 Bedroom

Outdoor Features

  • Access to Tidal Water
  • Water Access
  • Property is near an ocean

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Utilizes Natural Gas
  • Natural Gas Water Heater
  • Public Septic

Additional Features

  • Accessible Elevator Installed
  • Home fronts navigable water

Listing and Financial Details

  • Tax Lot 00002
  • Assessor Parcel Number 02-00017-00002-C2707

Community Details

Overview

  • High-Rise Condominium
  • Chelsea Subdivision

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,844

Year Built

Built in 1985

Lot Details

0

HOA Fees

$599 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Penthouse Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Accessibility Features: Elevator
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1985
  • Automatically Close On Close Date: Yes
  • Remarks Public: Just in Time for Summer!!!! This Beachfront Penthouse Suite not only has an Incredible View, but a long list of Upgrades and Amenities - so let's get started! From the Balcony, you have an Ocean Front view, Atlantic City Casinos and the City Bay to your west. You'll enjoy amazing sunrises, sunsets and the nightlife lights, all from your very own Penthouse! The entire living space has been freshly repainted, including all New Doorknobs, Handles, New Carpeting and a Steel Stud mounted Articulating TV wall Mount, that hold up to 200 pounds! Every single light in this Penthouse is completely outfitted with a Phillips Bluetooth Hue ambient color changing light system, that is all controlled right from your cell phone! Compatible with App, Voice, Alexa and Google Home. You can literally adjust any light, at any moment, to any color you desire! (request YouTube link for a video tutorial) - This Penthouse has a fingerprint scanner, and code for your front door that allows you to adjust custom codes for any guest and can also be changed by an app on your phone, at any time! - Okay, so let' s talk a little bit about the Association itself, and what other amazing inclusions come with it. You have 24/7 Front desk concierge, 24/7 maintenance & cleaning, along with 24/7 security, fully enclosed - double gated keycard entry parking garage, with 24/7 monitoring, an indoor pool, Sauna, Ping Pong table room, two indoor hot tubs and a Panoramic view from West to East, Catching every sunrise and sunset view from the Sunroom/Tanning Area. A Public Club, that you can also Privately Reserve; offering a lounge area with a bar, Luxury leather sectionals, cable TV, Wi-Fi and a Beachfront View hanging over the boardwalk. There is also an outdoor pool, outdoor showers, outdoor gate entry, boardwalk entry, on-beach private equipment lockers, mail room, billiards room, basement and bicycle storage! oh, and Rumor has it - Muhammad Ali once owned one of these Penthouses? If you have any info on that, let us know! We're excited to offer this amazing property to you and we look forward to your private tour!
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 27
  • Levels Count: 2
  • Room List: Living Room
  • Basement: No
  • Total Sq Ft: 832
  • Living Area Sq Ft: 832
  • Price Per Sq Ft: 270.43
  • Above Grade Finished Sq Ft: 832
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 3851

Beds/Baths

  • Bedrooms: 1
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Upper Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Water Access: Yes
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: Yes
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: No
  • Garage Features: Covered Parking
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Parking Garage
  • Parking Garage Number Of Spaces: 1

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Septic, Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 599.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA: No
  • Senior Community: No

Schools

  • School District: ATLANTIC CITY SCHOOLS
  • School District Key: 300200396906

Lot Info

  • Improvement Assessed Value: 124800.00
  • Land Assessed Value: 100000.00
  • Lot Size Acres: 0.02
  • Year Assessed: 2020
  • Zoning: RSRA

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 3294994
  • Tax Annual Amount: 8844.00
  • Assessor Parcel Number: 02-00017-00002-C2707
  • Tax Lot: 00002
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 04/19/2021

MLS Schools

  • School District Name: ATLANTIC CITY SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2021
Closed on
Apr 19, 2021
Sold by
Wade Matthew
Bought by
Fasano Patrick J
Seller's Agent
Vincent R Travalino Jr
Keller Williams Realty - Washington Township
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$225,000
Sold Price
$220,000
Premium/Discount to List
-$5,000
-2.22%
Current Estimated Value
$376,543

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$156,543
Avg. Annual Appreciation
12.98%

Purchase Details

Listed on
Mar 1, 2019
Closed on
Jan 3, 2020
Sold by
Jami1 Llc
Bought by
Wade Matthew
Seller's Agent
Marla Pisner
BHHS FOX and ROACH-Cherry Hill
Buyer's Agent
AGENT NON-MEMBER
NON-MEMBER OFFICE
List Price
$265,000
Sold Price
$171,000
Premium/Discount to List
-$94,000
-35.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.94%
Original Mortgage
$152,000
Interest Rate
3.74%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 1, 2019
Closed on
Nov 21, 2019
Sold by
Jam 1 Llc
Bought by
U S Bank Cust Emp Vi
Seller's Agent
Marla Pisner
BHHS FOX and ROACH-Cherry Hill
Buyer's Agent
AGENT NON-MEMBER
NON-MEMBER OFFICE
List Price
$265,000
Sold Price
$171,000
Premium/Discount to List
-$94,000
-35.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Interest Rate
3.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 31, 2004
Sold by
Bustamante Irineo
Bought by
Friedlander Samuel

Purchase Details

Closed on
Apr 14, 1998
Sold by
Thamman Vijay K and Thamman Prem
Bought by
Jam 1 Llc
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
Fasano Patrick J $220,000 Shore Title
Wade Matthew $160,000 Foundation Title Llc
U S Bank Cust Emp Vi -- Foundation Title
Friedlander Samuel $136,000 Realty Guardian Direct Title
Jam 1 Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wade Matthew $152,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2021 04/19/21 Sold $220,000 -2.2% $264 / Sq Ft
04/02/2021 04/02/21 Pending -- -- --
03/25/2021 03/25/21 For Sale $225,000 +31.6% $270 / Sq Ft
01/11/2020 01/11/20 Sold $171,000 -20.5% --
11/12/2019 11/12/19 Pending -- -- --
09/24/2019 09/24/19 Price Changed $215,000 -6.5% --
08/16/2019 08/16/19 Price Changed $230,000 +1.3% --
07/31/2019 07/31/19 Price Changed $227,000 -1.3% --
07/09/2019 07/09/19 Price Changed $230,000 +4.5% --
06/19/2019 06/19/19 Price Changed $220,000 -4.3% --
06/04/2019 06/04/19 Price Changed $230,000 -11.5% --
05/29/2019 05/29/19 Price Changed $260,000 +2.0% --
05/16/2019 05/16/19 Price Changed $255,000 -1.9% --
04/30/2019 04/30/19 Price Changed $260,000 -1.9% --
03/01/2019 03/01/19 For Sale $265,000 -- --
Source: Bright 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 $7,760 $224,800 $100,000 $124,800
2024 $7,760 $224,800 $100,000 $124,800
2023 $8,491 $224,800 $100,000 $124,800
2022 $8,491 $224,800 $100,000 $124,800
2021 $8,769 $224,800 $100,000 $124,800
2020 $8,844 $224,800 $100,000 $124,800
2019 $7,370 $185,000 $92,500 $92,500
2018 $6,536 $185,000 $92,500 $92,500
2017 $6,329 $185,000 $92,500 $92,500
2016 $8,106 $210,000 $105,000 $105,000
2015 $9,411 $275,000 $137,500 $137,500
2014 $9,207 $275,000 $137,500 $137,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJAC116358

Bright MLS

APN: 02-00017-0000-00002-0000-C2707