NOT LISTED FOR SALE

42 S Harrisburg Ave Atlantic City, NJ 08401

Lower Chelsea Neighborhood

Estimated Value: $393,105 - $519,000

-- Bed
-- Bath
1,632 Sq Ft
$286/Sq Ft Est. Value

Last Sold July 09, 2021

Last sale price $290,000 $178 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $2,920/month

Highlights

  • Porch
  • Baseboard Heating
  • 4-minute walk to O'Donnell Memorial Park
  • Ceiling Fan

About This Home

As of July 2021

Investor Alert!! Excellent Multi Family INCOME PRODUCING Triplex building located in the highly sough after Lower Chelsea area of Atlantic City, NJ. Building and units are well maintained by a very qualified long time owner keeping all state licenses and city inspections up to date. This building is located steps from beach/boardwalk, new Stockton University, shopping, casinos, and dining. Also, tenants have easy access to NJ Transit Bus stop and Atlantic City Jitney stop making this location ideal for transportation. Building makeup consists of 3 apartments with long-term tenants which are three 2-bedroom/ 1 bathroom units. All units are separately metered for electric. Water, sewer and gas heat paid by owner. Potential gross income of $ 32,400. Perfect for investment property, owner operator or secondary shore home for family! Call listing agent for more information or private tour. ACT NOW, THIS OPPORTUNITY WILL NOT LAST LONG!!

Last Agent to Sell the Property

Eric Silverstein

MARCHESE REAL ESTATE, LLC Listed on: 05/20/2021

MARCHESE REAL ESTATE, LLC

Last Buyer's Agent

Jo Ann Daly

Re/Max Select

Re/Max Select

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,692

Year Built

  • Built in 1925

Lot Details

  • 1,568

Home Design

  • Triplex
  • Vinyl Siding

Interior Spaces

  • Ceiling Fan
  • Storm Screens

Finished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Hot Water Heating System
  • Separate Meters
  • Gas Water Heater

Additional Features

  • Porch
  • Lot Dimensions are 25' x 62.5'

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,692

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Triplex
  • Year Built: 1925
  • Age: 25+ Years
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Finished, Full, Inside Entrance, Outside Entrance

Exterior Features

  • Outside Features: Porch
  • Siding Exterior: Vinyl
  • Storm Screens: Combination

Utilities

  • Air Conditioner: Ceiling Fan(s), Window Units
  • Heating: Baseboard, Hot Water
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas

Lot Info

  • Lot Dimensions: 25' x 62.5'

Multi Family

  • Number Of Units: 3
  • Number Of2 Bedroom Units: 3
  • Separate Meters: Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2021
Closed on
Jul 9, 2021
Sold by
Parellis Marianthi and Parellis Dimitrios
Bought by
Kramer Kenneth S and Dalzell Elizabeth C
Seller's Agent
Eric Silverstein
MARCHESE REAL ESTATE, LLC
Buyer's Agent
Jo Ann Daly
Re/Max Select
List Price
$299,900
Sold Price
$290,000
Premium/Discount to List
-$9,900
-3.3%
Current Estimated Value
$466,526

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$176,526
Avg. Annual Appreciation
11.69%
Original Mortgage
$217,500
Outstanding Balance
$197,348
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$269,178

Purchase Details

Closed on
Feb 6, 2013
Sold by
Nikolaidis Konstantina
Bought by
Nikolaidis Konstantina and Parellis Dimitrios
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
Kramer Kenneth S $290,000 City Abstract
Nikolaidis Konstantina -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kramer Kenneth S $217,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/09/2021 07/09/21 Sold $290,000 -3.3% $178 / Sq Ft
05/28/2021 05/28/21 Pending -- -- --
05/20/2021 05/20/21 For Sale $299,900 -- $184 / 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 $5,692 $164,900 $52,400 $112,500
2024 $5,692 $164,900 $52,400 $112,500
2023 $6,228 $164,900 $52,400 $112,500
2022 $6,228 $164,900 $52,400 $112,500
2021 $6,433 $164,900 $52,400 $112,500
2020 $6,487 $164,900 $52,400 $112,500
2019 $7,131 $179,000 $70,000 $109,000
2018 $6,324 $179,000 $70,000 $109,000
2017 $6,124 $179,000 $70,000 $109,000
2016 $6,909 $179,000 $70,000 $109,000
2015 $6,125 $179,000 $70,000 $109,000
2014 $12,615 $376,800 $245,400 $131,400
Source: Public Records

Agents Affiliated with this Home

  • Eric Silverstein

    Seller's Agent in 2021

    Eric Silverstein

    MARCHESE REAL ESTATE, LLC

    (609) 705-3626

    2 in this area

    16 Total Sales

    Eric Silverstein
    Section Image
  • Jo Ann Daly

    Buyer's Agent in 2021

    Jo Ann Daly

    Re/Max Select

    (609) 513-8969

    34 in this area

    105 Total Sales

    Jo Ann Daly
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 550867

South Jersey Shore Regional MLS

APN: 02-00194-0000-00010

New Jersey Atlantic County Atlantic City 08401 Lower Chelsea

42 S Harrisburg Ave, Atlantic City, NJ

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