NOT LISTED FOR SALE

507 N Elberon Ave Atlantic City, NJ 08401

Chelsea Heights Neighborhood

Estimated Value: $240,509 - $295,000

2 Beds
1 Bath
1,020 Sq Ft
$259/Sq Ft Est. Value

Last Sold January 17, 2017

Last sale price $10,000 $10 Per Sq Ft

Est. 2,546% increase in value since last sale

Current estimated payment $1,730/month

204 Days on Market

Highlights

  • Ranch Style House
  • Dining Area
  • Carpet
  • Forced Air Heating and Cooling System
  • Fenced
  • 4-minute walk to Annapolis Avenue Recreation Complex

About This Home

As of January 2017

Atlantic City-Home located on quiet street. Property needs some work throughout. Home would make perfect first time buyer willing to make it their own or a nice investment property. The home features two bedrooms, one bathroom, and is close to local amenities. This property is being listed as-is, uninsurable. HUD CASE# 351-541755. EQUAL HOUSING OPPORTUNITY.,Square footage is based on reported findings in the tax records and has not been measure by the seller or seller?s agent. Buyers need to measure the property themselves to verify square footage. . Seller and/or Listing Broker make no representations as to the quality or condition of this property, including structure and building systems. Buyers and/or Agents shall satisfy themselves fully before placing a bid.

Last Agent to Sell the Property

Lisa G Lopez

HOME ALLIANCE REALTY, LLC Listed on: 04/25/2016

Last Buyer's Agent

AGENT NON-MEMBER

NON-MEMBER OFFICE License #00000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,583

Year Built

  • Built in 1925

Lot Details

  • Lot Dimensions are 30x96
  • Fenced

Parking

  • 1 Parking Space

Home Design

  • Ranch Style House
  • Vinyl Siding

Interior Spaces

  • Dining Area
  • Carpet
  • Crawl Space

Kitchen

  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,583

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: Ranch
  • Age: 25+ Years
  • Lvt Date: 04/25/2016
  • Year Built: 1925
  • Special Features: 1028
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dryer, Dishwasher, Gas Stove, Microwave, Refrigerator, Washer
  • Flooring: W/W Carpet
  • Bedrooms: 2
  • Full Bathrooms: 1
  • Basement: Crawl Space
  • Other Rooms: Dining Area

Exterior Features

  • Outside Features: Fenced Yard, Needs Work
  • Siding Exterior: Vinyl

Garage/Parking

  • Parking Exterior: One Car

Utilities

  • Air Conditioner: Central
  • Heating: Forced Air, Gas-Natural
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas

Lot Info

  • Lot Dimensions: 30x96
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 26, 2020
Sold by
Herbert James
Bought by
Mascaro Patricia
Current Estimated Value
$264,627

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,750
Outstanding Balance
$102,524
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$162,103

Purchase Details

Closed on
Dec 5, 2017
Sold by
Coba Inc
Bought by
Cresss Frederick and Herbert Brillie Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
3.9%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 25, 2016
Closed on
Feb 13, 2017
Sold by
Huynh Duc C and Phung Thanh N
Bought by
Herbert James
Seller's Agent
Lisa G Lopez
HOME ALLIANCE REALTY, LLC
Buyer's Agent
AGENT NON-MEMBER
NON-MEMBER OFFICE
List Price
$10,000
Sold Price
$10,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
46.04%

Purchase Details

Listed on
Apr 25, 2016
Closed on
Jan 16, 2017
Sold by
Infinity Nreal Estate Investmmetns Llc
Bought by
Huynh Duc C and Phung Thanh N
Seller's Agent
Lisa G Lopez
HOME ALLIANCE REALTY, LLC
Buyer's Agent
AGENT NON-MEMBER
NON-MEMBER OFFICE
List Price
$10,000
Sold Price
$10,000

Purchase Details

Listed on
Apr 25, 2016
Closed on
Jan 10, 2017
Sold by
Castro Julian
Bought by
Infinity Real Estate Investments Llc
Seller's Agent
Lisa G Lopez
HOME ALLIANCE REALTY, LLC
Buyer's Agent
AGENT NON-MEMBER
NON-MEMBER OFFICE
List Price
$10,000
Sold Price
$10,000

Purchase Details

Closed on
Jul 1, 2014
Sold by
Verderosa Patrick M and Oliver Sheila M
Bought by
Secretary Of Hud Of Washington D C

Purchase Details

Closed on
Feb 3, 1999
Sold by
Smith Ronald G
Bought by
Verderosa Patrick M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,300
Interest Rate
6.74%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 15, 1998
Sold by
Raley Terry J and Raley Richard R
Bought by
Smith Ronald G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,300
Interest Rate
6.74%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 20, 1996
Sold by
Raley Arlene
Bought by
Smith Ronald G and Raley Terry J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,550
Interest Rate
8.21%
Mortgage Type
FHA
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
Mascaro Patricia $127,500 None Available
Cresss Frederick $166,500 Surety Title Co
Herbert James $36,000 None Available
Huynh Duc C $25,100 American Title Abstract Corp
Infinity Real Estate Investments Llc -- None Available
Secretary Of Hud Of Washington D C -- None Available
Verderosa Patrick M $79,500 --
Smith Ronald G -- Liberty Title Agency
Smith Ronald G $73,300 The Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mascaro Patricia $114,750
Previous Owner Herbert James $60,000
Previous Owner Cresss Frederick $40,000
Previous Owner Verderosa Patrick M $245,296
Previous Owner Verderosa Patrick M $241,671
Previous Owner Verderosa Patrick $228,000
Previous Owner Verderosa Patrick M $79,300
Previous Owner Smith Ronald G $79,300
Previous Owner Smith Ronald G $71,550
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/17/2017 01/17/17 Sold $10,000 0.0% $9 / Sq Ft
01/17/2017 01/17/17 Sold $10,000 0.0% $10 / Sq Ft
01/17/2017 01/17/17 Pending -- -- --
11/15/2016 11/15/16 Pending -- -- --
04/25/2016 04/25/16 For Sale $10,000 -91.2% $10 / Sq Ft
05/09/2015 05/09/15 For Sale $113,000 -- $103 / 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 $3,583 $103,800 $41,500 $62,300
2024 $3,583 $103,800 $41,500 $62,300
2023 $3,921 $103,800 $41,500 $62,300
2022 $3,921 $103,800 $41,500 $62,300
2021 $4,049 $103,800 $41,500 $62,300
2020 $4,083 $103,800 $41,500 $62,300
2019 $2,988 $75,000 $37,500 $37,500
2018 $3,109 $88,000 $44,000 $44,000
2017 $7,444 $217,600 $144,900 $72,700
2016 $8,399 $217,600 $144,900 $72,700
2015 $7,446 $217,600 $144,900 $72,700
2014 $7,285 $217,600 $144,900 $72,700
Source: Public Records

Agents Affiliated with this Home

  • Lisa G Lopez

    Seller's Agent in 2017

    Lisa G Lopez

    HOME ALLIANCE REALTY, LLC

    (609) 384-5109

    198 Total Sales

    Lisa G Lopez
    Section Image
  • Matthew Chapman

    Seller Co-Listing Agent in 2017

    Matthew Chapman

    Keller Williams Realty - Wildwood Crest

    (609) 709-8945

    11 Total Sales

    Matthew Chapman
    Section Image

  • A

    Buyer's Agent in 2017

    AGENT NON-MEMBER

    NON-MEMBER OFFICE

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 466879

South Jersey Shore Regional MLS

APN: 02-00777-0000-00011

New Jersey Atlantic County Atlantic City 08401 Chelsea Heights

507 N Elberon Ave, Atlantic City, NJ

This home is located at 507 N Elberon Ave, Atlantic City, NJ 08401 since 25 April 2016 and is currently estimated at $264,627, approximately $259 per square foot. This property was built in 1925. 507 N Elberon Ave is a home located in Atlantic County with nearby schools including Chelsea Heights School, Atlantic City High School, and Our Lady Star of the Sea Regional School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

South Jersey Shore Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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