NOT LISTED FOR SALE

47 S Kingston Ave Atlantic City, NJ 08401

Lower Chelsea Neighborhood

Estimated Value: $577,000 - $782,000

-- Bed
-- Bath
2,288 Sq Ft
$277/Sq Ft Est. Value

Last Sold June 23, 2022

Last sale price $460,000 $201 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $4,080/month

2 Days on Market

Highlights

  • Deck
  • Den
  • Laundry Room
  • Great Room
  • Eat-In Kitchen
  • Zoned Heating

About This Home

As of June 2022

Lower Chelsea Area, Legal Triplex, Located one block to the Beach & Boardwalk! This Three story property has 2 apartments with 3/4 bedrooms & 2 full baths, a 2 Bedroom 2 Bath and the owners unit (4th apartment,not legal) on the top floor that consists of One BR one BA. Renovations include some new walls, flooring, new electric and plumbing system. Separate utilties for 4 units. Street level apartment has 2 BR 2 BA collecting $1200 a month rent. The 2nd Floor is a 4 BR 2 BA rented for $1400 a month. Another 2nd floor 3 BR apartment is rented for $1200 a month. Top floor is a one bedroom apartment the owner uses. Gas stove & washer & dryer in each unit. Fiberglass front porch, Back yard & Storage

Last Agent to Sell the Property

Susan and Louis Solomon

BHHS FOX and ROACH-Margate Listed on: 06/01/2022

BHHS FOX and ROACH-Margate

Last Buyer's Agent

LYDIA LEWIS

MARKETPLACE REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,643

Lot Details

  • 3,354

Home Design

  • Triplex
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Great Room
  • Dining Room
  • Den

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Stove
  • Microwave

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Heated Basement
  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry
  • Stone or Rock in Basement

Utilities

  • Window Unit Cooling System
  • Zoned Heating
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Separate Meters
  • Gas Water Heater

Additional Features

  • Deck
  • Lot Dimensions are 42x80

Community Details

Overview

  • 4 Units

Recreation

  • Community Boardwalk

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,643

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Triplex
  • Lvt Date: 06/01/2022
  • Age: 25+ Years
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dryer, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Basement: 6 Ft. Or More Head Room, Finished, Full, Heated, Inside Entrance, Masonry Floor/Wall, Outside Entrance, Plumbing
  • Other Rooms: Den/Tv Room, Dining Area, Dining Room, Eat In Kitchen, Great Room, Kitchen, Laundry/Utility Rm

Exterior Features

  • Outside Features: Boardwalk Access, Curbs, Deck, Sidewalks
  • Siding Exterior: Stucco

Utilities

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

Lot Info

  • Location: Boardwalk Area
  • Lot Dimensions: 42x80

Rental Info

  • Rental Information: 100 Percent Occupancy, Lease Required, Monthly, Security Deposit, Yearly

Multi Family

  • Number Of Units: 4
  • Number Of1 Bedroom Units: 1
  • Number Of3 Bedroom Units: 1
  • Number Of4 Bedroom Units: 2
  • Separate Meters: Electric, Gas, Heat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2022
Closed on
Jul 29, 2022
Sold by
47Southkingstonave4 Llc
Bought by
612Newton20elber Llc
Seller's Agent
Susan and Louis Solomon
BHHS FOX and ROACH-Margate
Buyer's Agent
LYDIA LEWIS
MARKETPLACE REALTY
List Price
$497,000
Sold Price
$460,000
Premium/Discount to List
-$37,000
-7.44%
Current Estimated Value
$632,973

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$172,973
Avg. Annual Appreciation
10.52%
Original Mortgage
$1,423,500
Interest Rate
5.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 1, 2022
Closed on
Jun 23, 2022
Sold by
Wiech John
Bought by
47Southkingston Ave4 Llc
Seller's Agent
Susan and Louis Solomon
BHHS FOX and ROACH-Margate
Buyer's Agent
LYDIA LEWIS
MARKETPLACE REALTY
List Price
$497,000
Sold Price
$460,000
Premium/Discount to List
-$37,000
-7.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,423,500
Interest Rate
5.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 17, 1997
Sold by
Stanley Lawrence and Land Michael M
Bought by
Land Michael M

Purchase Details

Closed on
Jul 14, 1997
Sold by
Stanley Lawrence and Land Michael M
Bought by
Wiech John

Purchase Details

Closed on
Jun 13, 1996
Sold by
Stanley Douglas L
Bought by
Land Michael M
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
612Newton20elber Llc -- Surety Title
47Southkingston Ave4 Llc $460,000 Surety Title
Land Michael M -- The Title Company
Wiech John $75,000 The Title Company
Land Michael M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 612Newton20elber Llc $1,423,500
Previous Owner 47Southkingston Ave4 Llc $558,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2022 06/23/22 Sold $460,000 -7.4% $201 / Sq Ft
06/03/2022 06/03/22 Pending -- -- --
06/01/2022 06/01/22 For Sale $497,000 0.0% $217 / Sq Ft
03/03/2021 03/03/21 For Rent $1,175 0.0% --
02/16/2021 02/16/21 Off Market $1,175 -- --
02/01/2021 02/01/21 Rented -- -- --
10/15/2020 10/15/20 Price Changed $1,175 +2.2% $1 / Sq Ft
10/11/2020 10/11/20 Price Changed $1,150 -4.2% $1 / Sq Ft
10/09/2020 10/09/20 For Rent $1,200 -- --
05/22/2015 05/22/15 Rented -- -- --
04/22/2015 04/22/15 Under Contract -- -- --
03/10/2015 03/10/15 For Rent -- -- --
10/01/2014 10/01/14 Rented -- -- --
09/01/2014 09/01/14 Under Contract -- -- --
05/27/2014 05/27/14 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 $7,643 $221,400 $66,900 $154,500
2024 $7,643 $221,400 $66,900 $154,500
2023 $8,362 $221,400 $66,900 $154,500
2022 $8,362 $221,400 $66,900 $154,500
2021 $8,637 $221,400 $66,900 $154,500
2020 $8,710 $221,400 $66,900 $154,500
2019 $9,163 $230,000 $130,000 $100,000
2018 $8,126 $230,000 $130,000 $100,000
2017 $7,868 $230,000 $130,000 $100,000
2016 $8,878 $230,000 $130,000 $100,000
2015 $7,871 $230,000 $130,000 $100,000
2014 $7,700 $230,000 $130,000 $100,000
Source: Public Records

Agents Affiliated with this Home

  • Susan and Louis Solomon

    Seller's Agent in 2022

    Susan and Louis Solomon

    BHHS Fox & Roach

    (609) 226-5178

    9 in this area

    54 Total Sales

    Susan and Louis Solomon
    Section Image
  • LYDIA LEWIS

    Buyer's Agent in 2022

    LYDIA LEWIS

    MARKETPLACE REALTY

    (609) 457-6643

    12 in this area

    51 Total Sales

    LYDIA LEWIS
    Section Image
  • Jolanta Risso

    Seller's Agent in 2021

    Jolanta Risso

    RISSO REALTY INC

    (609) 214-7148

    10 Total Sales

    Jolanta Risso
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 563607

South Jersey Shore Regional MLS

APN: 02-00207-0000-00016

New Jersey Atlantic County Atlantic City 08401 Lower Chelsea

47 S Kingston Ave, Atlantic City, NJ

This home is located at 47 S Kingston Ave, Atlantic City, NJ 08401 since 01 June 2022 and is currently estimated at $632,973, approximately $276 per square foot. 47 S Kingston 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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