NOT LISTED FOR SALE

400 N Massachusetts Ave Atlantic City, NJ 08401

Uptown Atlantic City Neighborhood

Estimated Value: $210,826

-- Bed
-- Bath
-- Sq Ft
1,263 Sq Ft Lot

Last Sold April 07, 2022

Last sale price $160,000

Est. 32% increase in value since last sale

Current estimated payment $1,556/month

Highlights

  • Property Fronts a Bay or Harbor
  • Deck
  • Corner Lot

About This Home

As of April 2022

Great investment located in Bungalow Park and across from the bay!! This corner property consists of two units: One commercial store rents $1,700 per month ( tenant pays half of the water) and is currently on time, lease is "month/month" and the tenant has occupied the unit since 2016. Upstairs needs updating and is large two-story 3 Br 1BA with lots of space and can rent for $1,600-$1,700 per month depending on finishes. Property is being sold strictly "AS IS," and the price is reflective of the condition. Some of the contents of the commercial store belong to the tenant and are not included in the sale—possible owner financing with 30% down (short term). $1,730 Cash flow, 19.77% COC ROI (based on 5% vac, 5.5% int, and $50,000 repairs upstairs unit), 16.98 cap rate.

Last Agent to Sell the Property

Georgeanna Newmones

eXp Realty-Atlantic City Listed on: 09/27/2021

eXp Realty-Atlantic City

Last Buyer's Agent

Georgeanna Newmones

eXp Realty-Atlantic City Listed on: 09/27/2021

eXp Realty-Atlantic City

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,302

Lot Details

  • Lot Dimensions are 25x50
  • Property Fronts a Bay or Harbor
  • Corner Lot

Parking

  • Off-Site Parking

Home Design

  • Duplex
  • Brick Exterior Construction
  • Slab Foundation
  • Vinyl Siding

Utilities

  • Heating System Uses Natural Gas
  • Separate Meters

Additional Features

  • Bay Views
  • Deck

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,302

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Duplex
  • Lvt Date: 09/27/2021
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Slab

Exterior Features

  • Outside Features: Bay View, Deck, Needs Work, Sidewalks
  • Siding Exterior: Brick, Vinyl

Garage/Parking

  • Parking Exterior: Off Site Parking

Utilities

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

Lot Info

  • Location: Bay Front, Corner
  • Lot Dimensions: 25x50

Rental Info

  • Rental Information: Monthly

Multi Family

  • Number Of Units: 2
  • Number Of3 Bedroom Units: 1
  • Separate Meters: Electric, Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2021
Closed on
Apr 7, 2022
Sold by
Luis Corraliza Sr Jose
Bought by
C-Peralta Home Improvement Llc
Seller's Agent
Georgeanna Newmones
eXp Realty-Atlantic City
Buyer's Agent
Georgeanna Newmones
eXp Realty-Atlantic City
List Price
$174,900
Sold Price
$160,000
Premium/Discount to List
-$14,900
-8.52%
Current Estimated Value
$210,826

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,826
Avg. Annual Appreciation
7.43%

Purchase Details

Closed on
Mar 9, 2015
Sold by
Corraliza Jose Luis and Gonzalez Marybelle Corraliza
Bought by
Corraliza Jose Luis

Purchase Details

Closed on
Sep 25, 2010
Sold by
Corraliza Jose Luis
Bought by
Corraliza Jose Luis and Gonzalez Marybelle Corraliza
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
C-Peralta Home Improvement Llc $160,000 Agents Title
Corraliza Jose Luis -- None Available
Corraliza Jose Luis -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/07/2022 04/07/22 Sold $160,000 -5.8% --
02/15/2022 02/15/22 Pending -- -- --
10/27/2021 10/27/21 Price Changed $169,900 -2.9% --
09/27/2021 09/27/21 For Sale $174,900 0.0% --
03/17/2017 03/17/17 Rented -- -- --
02/15/2017 02/15/17 Under Contract -- -- --
11/11/2016 11/11/16 For Rent -- -- --
12/04/2015 12/04/15 Rented -- -- --
11/04/2015 11/04/15 Under Contract -- -- --
09/01/2015 09/01/15 For Rent -- -- --
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 $5,302 $153,600 $37,500 $116,100
2024 $5,302 $153,600 $37,500 $116,100
2023 $5,801 $153,600 $37,500 $116,100
2022 $5,801 $153,600 $37,500 $116,100
2021 $5,992 $153,600 $37,500 $116,100
2020 $6,043 $153,600 $37,500 $116,100
2019 $6,574 $165,000 $65,000 $100,000
2018 $5,829 $165,000 $65,000 $100,000
2017 $9,928 $290,200 $68,000 $222,200
2016 $11,202 $290,200 $68,000 $222,200
2015 $9,931 $290,200 $68,000 $222,200
2014 $9,716 $290,200 $68,000 $222,200
Source: Public Records

Agents Affiliated with this Home

  • Georgeanna Newmones

    Seller's Agent in 2022

    Georgeanna Newmones

    eXp Realty-Atlantic City

    (609) 710-5550

    41 in this area

    244 Total Sales

    Georgeanna Newmones
    Section Image
  • George Stefanides

    Seller's Agent in 2017

    George Stefanides

    G&L Real Estate Group

    (609) 225-1591

    3 in this area

    42 Total Sales

    George Stefanides
    Section Image
  • Irene Foley-Chort

    Seller's Agent in 2015

    Irene Foley-Chort

    BHHS Fox & Roach

    (609) 233-9175

    1 in this area

    2 Total Sales

    Irene Foley-Chort
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 555867

South Jersey Shore Regional MLS

APN: 02-00550-0000-00008

New Jersey Atlantic County Atlantic City 08401 Uptown Atlantic City

400 N Massachusetts Ave, Atlantic City, NJ

This home is located at 400 N Massachusetts Ave, Atlantic City, NJ 08401 since 27 September 2021 and is currently estimated at $210,826. 400 N Massachusetts Ave is a home located in Atlantic County with nearby schools including Uptown Complex School, Atlantic City High School, and New Hope Christian Academy/Robinson Small Learning Center.

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