NOT LISTED FOR SALE

4016 Ventnor Ave Atlantic City, NJ 08401

Lower Chelsea Neighborhood

Estimated Value: $478,893

3 Beds
2 Baths
-- Sq Ft
1,786 Sq Ft Lot

Last Sold January 21, 2022

Last sale price $390,000

Est. 23% increase in value since last sale

Current estimated payment $3,548/month

372 Days on Market

Highlights

  • Beach Access
  • Recreation Room
  • Porch
  • Deck
  • Furnished
  • 1 Car Attached Garage

About This Home

As of January 2022

INVESTOR ALERT!!! PRIME COMMERCIAL SPACE AVAILABLE IN HIGH TRAFFIC AREA WITH TWO NEWLY RENOVATED, SUPER SPACIOUS CONDOS ON TOP TWO FLOORS!! WALKING DISTANCE TO STOCKTON UNIVERSITY, 5 STAR RESTAURANTS, SHOPPING, BOARDWALK, BEACH, AND MORE! Newly renovated, brand new tile flooring, new plumbing, new electric, brand new fixtures throughout, fresh paint throughout. Clean, spacious, well lit commerical space! Currently a beauty salon, offering nail and hair services. Large industrial, heavy duty metal, electric security garage door feature with remote access, security features throughout, with security cameras inside commercial space as well as surrounding the perimeter, laundry room with full size industrial washer and dryer shared with two residential units above, garage and ample storage included, half bath as well as utility sink, and multiple heated/airconditioned closets. Heavy automobile and foot traffic in Atlantic City's Business District. Two residential units above have been renovated as well, and boast brand new kitchens, gas stoves, brand new appliances, brand new tile floors throughout, new baths, each are 3 bedooms, and two full baths, each with their own private, speacious decks, large laundry room (shared) on ground floor and SO MUCH MORE! Potential, Potential, Potential! ** Each residential tenant pays 1500.00 monthly. Commercial space vacant & listed for 1800.00 per mo.

Last Agent to Sell the Property

Meredith Exum

NEW ERA REAL ESTATE-B License #0893425 Listed on: 10/22/2020

NEW ERA REAL ESTATE-B

Last Buyer's Agent

Jo Ann Daly

Re/Max Select License #0897374

Re/Max Select

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,115

Lot Details

  • Lot Dimensions are 19 x 95

Parking

  • 1 Car Attached Garage

Home Design

  • Triplex
  • Brick Exterior Construction

Interior Spaces

  • Furnished
  • Ceiling Fan
  • Blinds
  • Living Room
  • Recreation Room
  • Home Security System

Kitchen

  • Self-Cleaning Oven
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Beach Access
  • Deck
  • Porch

Utilities

  • Zoned Heating and Cooling
  • Cooling System Powered By Gas
  • Heating System Uses Natural Gas
  • Separate Meters
  • Gas Water Heater

Community Details

Overview

  • 3 Units

Recreation

  • Community Boardwalk

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,115

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Triplex
  • Also Includes: Blinds, Furnished, Partially Furnished, Security System
  • Lvt Date: 10/22/2020
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dryer, Disposal, Dishwasher, Electric Stove, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Other Rooms: Kitchen, Laundry/Utility Rm, Living Room, Recreation/Family

Exterior Features

  • Outside Features: Beach Access, Boardwalk Access, Curbs, Deck, Porch, Sidewalks
  • Siding Exterior: Brick

Garage/Parking

  • Garage: One Car, Attached Garage

Utilities

  • Air Conditioner: Ceiling Fan(s), Central, Gas, Multi-Zoned
  • Heating: Gas-Natural
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas

Lot Info

  • Location: Boardwalk Area
  • Lot Dimensions: 19 X 95

Rental Info

  • Rental Information: Lease Required, Monthly, Security Deposit, Yearly

Multi Family

  • Number Of Units: 3
  • Number Of3 Bedroom Units: 2
  • Separate Meters: Electric, Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2020
Closed on
Jan 2, 2022
Sold by
Lyz Nguyen
Bought by
Nj Foirras Llc
Seller's Agent
Meredith Exum
NEW ERA REAL ESTATE-B
Buyer's Agent
Jo Ann Daly
Re/Max Select
List Price
$390,000
Sold Price
$390,000
Current Estimated Value
$478,893

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,893
Avg. Annual Appreciation
5.79%
Original Mortgage
$292,500
Interest Rate
5.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 30, 2013
Sold by
Lau Wai Keung and Ngan Pei Y
Bought by
Nguyen Lyz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
2.79%
Mortgage Type
Commercial
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
Nj Foirras Llc $390,000 Core Title
Nguyen Lyz $350,000 Surety Title Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nj Foirras Llc $292,500
Previous Owner Nguyen Lyz $250,000
Previous Owner Lau Wai Keung $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/21/2022 01/21/22 Sold $390,000 0.0% --
08/03/2021 08/03/21 Rented -- -- --
08/03/2021 08/03/21 For Rent -- -- --
10/22/2020 10/22/20 For Sale $390,000 0.0% --
11/27/2019 11/27/19 Rented -- -- --
11/23/2019 11/23/19 Price Changed $1,350 -10.0% --
09/24/2019 09/24/19 For Rent $1,500 +11.1% --
02/01/2019 02/01/19 Rented -- -- --
12/12/2018 12/12/18 Price Changed $1,350 -3.6% --
11/07/2018 11/07/18 For Rent $1,400 -- --
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 $11,115 $322,000 $44,700 $277,300
2023 $8,963 $237,300 $44,700 $192,600
2022 $8,963 $237,300 $44,700 $192,600
2021 $9,257 $237,300 $44,700 $192,600
2020 $9,335 $237,300 $44,700 $192,600
2019 $12,948 $325,000 $200,000 $125,000
2018 $11,482 $325,000 $200,000 $125,000
2017 $11,118 $325,000 $200,000 $125,000
2016 $12,545 $325,000 $200,000 $125,000
2015 $11,122 $325,000 $200,000 $125,000
2014 $10,881 $325,000 $200,000 $125,000
Source: Public Records

Agents Affiliated with this Home

  • Meredith Exum

    Seller's Agent in 2022

    Meredith Exum

    RE/MAX Platinum Properties

    (843) 251-8366

    6 in this area

    162 Total Sales

    Section Image
  • Jo Ann Daly

    Buyer's Agent in 2022

    Jo Ann Daly

    Re/Max Select

    (609) 513-8969

    35 in this area

    111 Total Sales

    Section Image

  • M

    Seller's Agent in 2019

    MARK BATTAGLINI, JR

    BHHS Fox & Roach

    (609) 626-4859

    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 543837

South Jersey Shore Regional MLS

APN: 02-00196-0000-00006

New Jersey Atlantic County Atlantic City 08401 Lower Chelsea

4016 Ventnor Ave, Atlantic City, NJ

This home is located at 4016 Ventnor Ave, Atlantic City, NJ 08401 since 22 October 2020 and is currently estimated at $478,893. 4016 Ventnor Ave is a home located in Atlantic County with nearby schools including Richmond Avenue School, Atlantic City High School, and Our Lady Star of the Sea Regional School.

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