NOT LISTED FOR SALE

400 N Indiana Ave Atlantic City, NJ 08401

Monroe Park Neighborhood

Estimated Value: $238,000 - $441,000

-- Bed
-- Bath
3,764 Sq Ft
$92/Sq Ft Est. Value

Last Sold March 29, 2024

Last sale price $340,000 $90 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,184/month

116 Days on Market

Highlights

  • Porch
  • Living Room
  • Baseboard Heating
  • Eat-In Kitchen
  • Dining Room

About This Home

As of March 2024

Huge Triplex on Indiana Ave! Get yourself on the Monopoly Board with this fantastic opportunity to invest in Atlantic City! Currently all three units are vacant and the property is being sold As-Is. Unit 1 still needs work, but unit 2 and 3 have been nearly fully remodeled! Unit 1 is a 2bdrm 1bth. Unit 2 is a 3bdrm 1bth, and Unit 3 is a 6bdrm 2bth two story apartment! Close to Tanger Outlets, the AC Convention Center, Ceasers Hotel and Casino, The Bass Pro Shop, The Orange Loop, and of course the worlds most famous Beach and Boardwalk!

Last Agent to Sell the Property

Gerard Barker

WEICHERT REALTORS ASBURY GROUP-AC Listed on: 09/25/2023

WEICHERT REALTORS ASBURY GROUP-AC

Last Buyer's Agent

Jose Chey

BHHS FOX and ROACH-Northfield

BHHS FOX and ROACH-Northfield

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1880

Lot Details

  • 4,487

Parking

  • 3 Parking Spaces

Home Design

  • Triplex
  • Brick Exterior Construction

Interior Spaces

  • Living Room
  • Dining Room

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Stove

Utilities

  • Baseboard Heating
  • Separate Meters

Additional Features

  • Porch
  • Lot Dimensions are 53x85

Community Details

Overview

  • 3 Units

Recreation

  • Community Boardwalk

Property Details

Home Type

Multi-Family

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Triplex
  • Year Built: 1880
  • Age: 25+ Years
  • Allow Comsumer Comment: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Gas Stove, Refrigerator, Self Cleaning Oven
  • Other Rooms: Dining Area, Dining Room, Eat In Kitchen, Kitchen, Living Room, Pantry

Exterior Features

  • Outside Features: Curbs, Needs Work, Porch, Sidewalks
  • Siding Exterior: Brick

Garage/Parking

  • Parking Exterior: Three Or More Cars

Utilities

  • Heating: Baseboard
  • Sewer: Public Sewer
  • Water: Public

Lot Info

  • Location: Boardwalk Area
  • Lot Dimensions: 53x85

Multi Family

  • Number Of Units: 3
  • Separate Meters: Electric, Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2023
Closed on
Feb 15, 2024
Sold by
Ac North Property Llc
Bought by
704 8Th Llc
Seller's Agent
Gerard Barker
WEICHERT REALTORS ASBURY GROUP-AC
Buyer's Agent
Jose Chey
BHHS FOX and ROACH-Northfield
List Price
$379,000
Sold Price
$340,000
Premium/Discount to List
-$39,000
-10.29%
Views
124
Current Estimated Value
$347,521

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,521
Avg. Annual Appreciation
1.30%
Original Mortgage
$318,750
Interest Rate
6.94%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 31, 2023
Sold by
400 N Indiana Llc
Bought by
Ac North Property Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
6.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 2, 2022
Sold by
A2z Investments Llc
Bought by
400 N Indiana Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,750
Interest Rate
5.3%
Mortgage Type
Construction

Purchase Details

Closed on
Aug 13, 2021
Sold by
East Meridian Llc
Bought by
22 Investments Llc

Purchase Details

Closed on
Mar 26, 2019
Sold by
Zhou Zhenghong
Bought by
East Meridian Llc

Purchase Details

Listed on
Dec 4, 2013
Closed on
Apr 30, 2014
Sold by
Bruno Adela F
Bought by
Zhou Zhenghong
Seller's Agent
Fredy Carabali
KELLER WILLIAMS REALTY ATLANTIC SHORE-Northfield
Buyer's Agent
AGENT NON-MEMBER
NON-MEMBER OFFICE
List Price
$38,500
Sold Price
$38,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.87%

Purchase Details

Closed on
May 13, 2005
Sold by
Mckenna Bert and Mckenna Albert
Bought by
Indiana Avenue At Bishop Allen Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,000
Interest Rate
7.37%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 15, 2005
Sold by
Mckenna Bert
Bought by
Bruno Adela F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,000
Interest Rate
7.37%
Mortgage Type
Unknown

Purchase Details

Closed on
May 10, 2004
Sold by
Soto Victoriano and Soto Margarita
Bought by
Mckenna Bert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,700
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 2, 2001
Sold by
Shallcross Mtg Company
Bought by
Soto Victoriano

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,590
Interest Rate
6.72%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 19, 2001
Sold by
Bailey Alonzo
Bought by
Shallcross Mtg Company

Purchase Details

Closed on
Aug 18, 2000
Sold by
Davis Elwood G
Bought by
Bailey Alonzo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,000
Interest Rate
15.5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
704 8Th Llc $340,000 Cape Atlantic Title
Ac North Property Llc $390,000 None Listed On Document
400 N Indiana Llc $180,000 Fidelity National Title
22 Investments Llc -- None Available
East Meridian Llc -- Infinity Title Agency Inc
Zhou Zhenghong $38,500 Infinity Title Agency Inc
Indiana Avenue At Bishop Allen Llc $90,000 Commonwealth Land Title Insu
Bruno Adela F $370,000 Commonwealth Land Title Insu
Mckenna Bert $375,000 Commonwealth Land Title Insu
Soto Victoriano $154,000 Commonwealth Land Title Ins
Shallcross Mtg Company -- --
Bailey Alonzo -- --
Bailey Alonzo $75,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 704 8Th Llc $318,750
Previous Owner Ac North Property Llc $312,000
Previous Owner 400 N Indiana Llc $183,750
Previous Owner Bruno Adela F $296,000
Previous Owner Mckenna Bert $333,700
Previous Owner Soto Victoriano $151,590
Previous Owner Bailey Alonzo $123,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/29/2024 03/29/24 Sold $340,000 -6.8% $90 / Sq Ft
01/19/2024 01/19/24 Pending -- -- --
01/05/2024 01/05/24 Price Changed $365,000 -3.7% $97 / Sq Ft
01/04/2024 01/04/24 For Sale $379,000 0.0% $101 / Sq Ft
11/29/2023 11/29/23 Pending -- -- --
10/04/2023 10/04/23 Price Changed $379,000 -2.6% $101 / Sq Ft
09/25/2023 09/25/23 For Sale $389,000 +910.4% $103 / Sq Ft
04/30/2014 04/30/14 Sold $38,500 0.0% $10 / Sq Ft View Prior Sale
04/04/2014 04/04/14 Pending -- -- --
12/04/2013 12/04/13 For Sale $38,500 -- $10 / 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 $4,274 $123,800 $33,000 $90,800
2024 $4,274 $123,800 $33,000 $90,800
2023 $4,676 $123,800 $33,000 $90,800
2022 $4,676 $123,800 $33,000 $90,800
2021 $4,829 $123,800 $33,000 $90,800
2020 $4,870 $123,800 $33,000 $90,800
2019 $5,486 $137,700 $25,000 $112,700
2018 $4,865 $137,700 $25,000 $112,700
2017 $4,711 $137,700 $25,000 $112,700
2016 $7,257 $188,000 $94,000 $94,000
2015 $12,138 $354,700 $115,500 $239,200
2014 $11,875 $354,700 $115,500 $239,200
Source: Public Records

Agents Affiliated with this Home

  • Gerard Barker

    Seller's Agent in 2024

    Gerard Barker

    Weichert Corporate

    (609) 481-7745

    42 in this area

    218 Total Sales

    Gerard Barker
    Section Image
  • Jose Chey

    Buyer's Agent in 2024

    Jose Chey

    BHHS Fox & Roach

    (609) 703-8399

    2 in this area

    58 Total Sales

    Jose Chey
    Section Image
  • Fredy Carabali

    Seller's Agent in 2014

    Fredy Carabali

    KELLER WILLIAMS REALTY ATLANTIC SHORE-Northfield

    (609) 517-8901

    2 in this area

    71 Total Sales

    Fredy Carabali
    Section Image

  • A

    Buyer's Agent in 2014

    AGENT NON-MEMBER

    NON-MEMBER OFFICE

See All Agents

Map

Source: South Jersey Shore Regional MLS

MLS Number: 578141

South Jersey Shore Regional MLS

APN: 02-00468-0000-00007-01

New Jersey Atlantic County Atlantic City 08401 Monroe Park

400 N Indiana Ave, Atlantic City, NJ

Not Listed for Sale

MultiFamily

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