NOT LISTED FOR SALE

4022 Ventnor Ave Atlantic City, NJ 08401

Lower Chelsea Neighborhood

Estimated Value: $385,000 - $607,000

-- Bed
-- Bath
-- Sq Ft
2,178 Sq Ft Lot

Last Sold August 31, 2016

Last sale price $39,900

Est. 1,070% increase in value since last sale

Current estimated payment $3,071/month

4 Days on Market

About This Home

As of August 2016

Looking for a fixer upper? Come take a look at this huge duplex that has a lot of potential. Property is being sold strictly as-is. Needs work. For the first 20 days, the property is to be marketed to owner occupants only. During this period, the buyer must be willing to sign an owner occupancy disclosure (See associated Docs)

Last Agent to Sell the Property

Damon Bready

BHHS FOX and ROACH-Simpson OC License #0447465 Listed on: 08/08/2016

BHHS FOX and ROACH-Simpson OC

Last Buyer's Agent

Damon Bready

BHHS FOX and ROACH-Simpson OC License #0447465 Listed on: 08/08/2016

BHHS FOX and ROACH-Simpson OC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,193

Lot Details

  • Lot Dimensions are 31 x 70

Home Design

  • Duplex
  • Aluminum Siding

Utilities

  • Heating System Uses Natural Gas
  • Separate Meters

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,193

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Duplex
  • Lvt Date: 08/11/2016
  • Age: 25+ Years
  • Allow Comsumer Comment: Yes
  • Special Features: 1028
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: 6 Ft. Or More Head Room

Exterior Features

  • Outside Features: Needs Work
  • Siding Exterior: Aluminum

Utilities

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

Lot Info

  • Lot Dimensions: 31 x 70

Multi Family

  • Number Of Units: 2
  • Number Of2 Bedroom Units: 1
  • Separate Meters: Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2016
Closed on
Aug 25, 2016
Sold by
Us Bank Trust
Bought by
Huynh Phu and Nhan Hannah
Seller's Agent
Damon Bready
BHHS FOX and ROACH-Simpson OC
Buyer's Agent
Damon Bready
BHHS FOX and ROACH-Simpson OC
List Price
$39,900
Sold Price
$39,900
Current Estimated Value
$466,632

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$426,732
Avg. Annual Appreciation
30.40%

Purchase Details

Closed on
May 17, 2016
Sold by
Patel Rakesh and Patel Urvi
Bought by
U S Bank Trust N A and Lsf9 Master Participation Trust

Purchase Details

Closed on
Aug 8, 2008
Sold by
Repici Michael A
Bought by
Patel Rakesh and Patel Urvi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
6.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 20, 2007
Sold by
Groen & Mincer Llc
Bought by
Michael Repici

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,840
Interest Rate
6.23%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 19, 2007
Sold by
Bishop Julia
Bought by
Groen & Mincer Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,502
Interest Rate
6.15%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 25, 1998
Sold by
Pepper Steven
Bought by
Bishop Julia B and Bryant James A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,938
Interest Rate
6.89%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 2, 1997
Sold by
Pepper Sallie and Pepper Steven
Bought by
Pepper Steven

Purchase Details

Closed on
Sep 1, 1997
Sold by
Pepper Steven and Ehlman Ethel
Bought by
Pepper Sallie
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
Huynh Phu $39,900 --
U S Bank Trust N A $1,000 None Available
Patel Rakesh $275,000 Foundation Title
Michael Repici $247,200 --
Groen & Mincer Llc $150,000 --
Bishop Julia B $122,000 The Title Company
Pepper Steven -- --
Pepper Sallie -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Patel Rakesh $220,000
Previous Owner Michael Repici $234,840
Previous Owner Groen & Mincer Llc $153,502
Previous Owner Bishop Julia B $121,938
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2016 08/31/16 Sold $39,900 0.0% --
08/12/2016 08/12/16 Pending -- -- --
08/08/2016 08/08/16 For Sale $39,900 -- --
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 $6,193 $179,400 $57,400 $122,000
2023 $6,776 $179,400 $57,400 $122,000
2022 $6,776 $179,400 $57,400 $122,000
2021 $6,998 $179,400 $57,400 $122,000
2020 $7,058 $179,400 $57,400 $122,000
2019 $7,570 $190,000 $95,000 $95,000
2018 $6,713 $190,000 $95,000 $95,000
2017 $8,553 $250,000 $100,000 $150,000
2016 $9,650 $250,000 $100,000 $150,000
2015 $8,555 $250,000 $100,000 $150,000
2014 $8,370 $250,000 $100,000 $150,000
Source: Public Records

Agents Affiliated with this Home

  • Damon Bready

    Seller's Agent in 2016

    Damon Bready

    BHHS Fox & Roach

    (609) 703-3030

    2 in this area

    156 Total Sales

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 472860

South Jersey Shore Regional MLS

APN: 02-00196-0000-00003

New Jersey Atlantic County Atlantic City 08401 Lower Chelsea

4022 Ventnor Ave, Atlantic City, NJ

This home is located at 4022 Ventnor Ave, Atlantic City, NJ 08401 since 08 August 2016 and is currently estimated at $480,357. 4022 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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