$265,000
SOLD MAR 18, 2025
-- Bed
-- Bath
1,112 Sq Ft
828 Sq Ft Lot

Recently Sold

$238 Per Sq Ft

12% Below List Price

28 Days on Market

About This Home

As of March 2025

Property sold in As Is condition. Great Investment Opportunity in Chelsea Heights, Atlantic City. The property features two units, separate electric, offering great potential for both owner-occupants and investors. The upper unit is a spacious 3-bedroom, 1-bathroom, two-story House, while the ground-level unit is a cozy 1-bedroom, 1-bathroom apartment. Both units have been freshly painted, and the kitchens has new cabinets and countertops, with minor updates throughout, making this property move-in ready. Chelsea Heights is a sought-after area due to its convenient location near the AC Expressway, local shopping, dining, bars, and other attractions in nearby Ventnor. Plus, the beach and boardwalk are just a short distance away, offering endless opportunities to enjoy all that the island has to offer. Both units are currently vacant, making this the perfect opportunity for an investor or owner-occupant. Live in one unit and rent out the other to help with the mortgage aka house-hack, or rent out both for maximum income potential. This property offers endless possibilities and is a must-see!

Last Agent to Sell the Property

Alan Korik

FARLEY and FERRY REALTY, INC Listed on: 01/16/2025

Last Buyer's Agent

Sala Uddin

Vylla Home - Northfield

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,991

Year Built

  • Built in 1920

Lot Details

  • Lot Dimensions are 21 x 40

Home Design

  • Duplex
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • Insulated Windows
  • Stove

Finished Basement

  • Heated Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Separate Meters
  • Gas Water Heater

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,991

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Duplex
  • Lvt Date: 01/16/2025
  • Year Built: 1920
  • Age: 25+ Years
  • Allow Comsumer Comment: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Gas Stove
  • Basement: 6 Ft. Or More Head Room, Finished, Full, Heated

Exterior Features

  • Siding Exterior: Masonry/Block, Vinyl, Wood
  • Storm Screens: Insulated Glass

Utilities

  • Heating: Gas-Natural, Hot Water, Radiant
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas

Lot Info

  • Lot Dimensions: 21 x 40

Multi Family

  • Number Of Units: 2
  • Number Of1 Bedroom Units: 1
  • Number Of3 Bedroom Units: 1
  • Separate Meters: Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2025
Closed on
Feb 26, 2025
Sold by
Nowak Janusz and Nowak Anna
Bought by
Sikder Mehadi H
Seller's Agent
Alan Korik
FARLEY and FERRY REALTY, INC
Buyer's Agent
Sala Uddin
Vylla Home - Northfield
List Price
$299,900
Sold Price
$265,000
Premium/Discount to List
-$34,900
-11.64%
Views
27

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-17.95%
Original Mortgage
$260,200
Outstanding Balance
$258,873
Interest Rate
6.89%
Mortgage Type
FHA
Estimated Equity
-$20,260

Purchase Details

Closed on
Jun 12, 1997
Sold by
Tuohy Joseph M and Tuohy Carol Ann
Bought by
Nowak Janusz and Nowak Anna
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 Type Sale Price Title Company
Bargain Sale Deed $265,000 Atlantic Title
Deed $46,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $260,200 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/13/2025 08/13/25 Pending -- -- --
08/13/2025 08/13/25 For Sale $350,000 +32.1% --
03/18/2025 03/18/25 Sold $265,000 -11.6% $238 / Sq Ft
02/13/2025 02/13/25 Pending -- -- --
01/16/2025 01/16/25 For Sale $299,900 -- $270 / 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 $3,991 $115,600 $33,400 $82,200
2024 $3,991 $115,600 $33,400 $82,200
2023 $4,366 $115,600 $33,400 $82,200
2022 $4,366 $115,600 $33,400 $82,200
2021 $4,510 $115,600 $33,400 $82,200
2020 $4,548 $115,600 $33,400 $82,200
2019 $3,586 $90,000 $35,000 $55,000
2018 $3,180 $90,000 $35,000 $55,000
2017 $3,079 $90,000 $35,000 $55,000
2016 $5,211 $135,000 $85,000 $50,000
2015 $4,620 $135,000 $85,000 $50,000
2014 $4,520 $135,000 $85,000 $50,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 592206

South Jersey Shore Regional MLS

APN: 02-00791-0000-00007