NOT LISTED FOR SALE

511 N Indiana Ave Atlantic City, NJ 08401

Monroe Park Neighborhood

Estimated Value: $440,473 - $447,000

-- Bed
-- Bath
-- Sq Ft
2,396 Sq Ft Lot

Last Sold February 01, 2022

Last sale price $345,000

Est. 29% increase in value since last sale

Current estimated payment $3,017/month

82 Days on Market

About This Home

As of February 2022

Hurry over to this fantastic investment opportunity in Atlantic City. 6 unit house, 2-3 bedroom units, 2-2 bedroom units, 2-1 bedroom units. 4 of the 6 units including the 2 3 bedroom units on the first floor are newly renovated. There is new roofing throughout, and the wifi heating system is 3 years old. The deck access in the rear of the property is a tremendous selling point for potential tenants. Excellent ROI, your investors will want to see this one.

Last Agent to Sell the Property

Samy Sabbagh

CENTURY 21 ATLANTIC PROFESSIONAL REALTY Listed on: 07/30/2021

CENTURY 21 ATLANTIC PROFESSIONAL REALTY

Last Buyer's Agent

Samy Sabbagh

CENTURY 21 ATLANTIC PROFESSIONAL REALTY Listed on: 07/30/2021

CENTURY 21 ATLANTIC PROFESSIONAL REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,249

Lot Details

  • 2,396

Additional Features

  • Porch
  • Lot Dimensions are 76x31.25
  • Heating System Uses Natural Gas

Community Details

  • 6 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,249

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: 4 - 10 Units
  • Lvt Date: 07/31/2021
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Outside Features: Porch

Utilities

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

Lot Info

  • Lot Dimensions: 76x31.25

Multi Family

  • Number Of Units: 6
  • Number Of1 Bedroom Units: 2
  • Number Of2 Bedroom Units: 2
  • Number Of3 Bedroom Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 6, 2024
Sold by
Jhm 2021 Properties Llc
Bought by
Premier Investments Ac Llc
Current Estimated Value
$443,737

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$386,900
Interest Rate
6.12%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 30, 2021
Closed on
Feb 1, 2022
Sold by
Msa Holdings 2 Llc
Bought by
Jhm 2021 Properties Llc
Seller's Agent
Samy Sabbagh
CENTURY 21 ATLANTIC PROFESSIONAL REALTY
Buyer's Agent
Samy Sabbagh
CENTURY 21 ATLANTIC PROFESSIONAL REALTY
List Price
$375,000
Sold Price
$345,000
Premium/Discount to List
-$30,000
-8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.30%

Purchase Details

Closed on
Jun 22, 2015
Sold by
Cousins Carl M
Bought by
Msa Holdings 2 Llc

Purchase Details

Closed on
Feb 9, 2004
Sold by
Kennison Dorothy
Bought by
Cousins Carl

Purchase Details

Closed on
Jul 19, 2000
Sold by
Stanley Ida K
Bought by
Kennison Dorothy J and Kennison Reginal H
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
Premier Investments Ac Llc $425,000 None Listed On Document
Premier Investments Ac Llc $425,000 None Listed On Document
Jhm 2021 Properties Llc $345,000 Rms Title Services
Msa Holdings 2 Llc $100,000 Mega Title Llc
Cousins Carl $187,500 --
Cousins Carl M $187,500 The Title Company Of Jersey
Kennison Dorothy J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Premier Investments Ac Llc $585,000
Previous Owner Premier Investments Ac Llc $386,900
Previous Owner Jhm 2021 Properties Llc $258,750
Previous Owner Msa Holdings 2 Llc $38,000
Closed Cousins Carl --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2022 02/01/22 Sold $345,000 -1.1% --
10/20/2021 10/20/21 Pending -- -- --
08/27/2021 08/27/21 Price Changed $349,000 -6.9% --
07/30/2021 07/30/21 For Sale $375,000 0.0% --
12/01/2018 12/01/18 Rented -- -- --
09/21/2018 09/21/18 Price Changed $1,000 -9.1% --
08/21/2018 08/21/18 Price Changed $1,100 -7.9% --
07/21/2018 07/21/18 Price Changed $1,195 -3.2% --
07/08/2018 07/08/18 Price Changed $1,235 +2.9% --
03/22/2018 03/22/18 For Rent $1,200 -- --
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 $7,249 $210,000 $45,000 $165,000
2024 $7,249 $210,000 $45,000 $165,000
2023 $7,932 $210,000 $45,000 $165,000
2022 $7,932 $210,000 $45,000 $165,000
2021 $8,192 $210,000 $45,000 $165,000
2020 $8,261 $210,000 $45,000 $165,000
2019 $11,952 $300,000 $36,600 $263,400
2018 $10,599 $300,000 $36,600 $263,400
2017 $10,263 $300,000 $36,600 $263,400
2016 $12,545 $325,000 $100,000 $225,000
2015 $11,122 $325,000 $100,000 $225,000
2014 $12,053 $360,000 $108,100 $251,900
Source: Public Records

Agents Affiliated with this Home

  • Samy Sabbagh

    Seller's Agent in 2022

    Samy Sabbagh

    CENTURY 21 ATLANTIC PROFESSIONAL REALTY

    (609) 517-1398

    2 in this area

    170 Total Sales

    Samy Sabbagh
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 553753

South Jersey Shore Regional MLS

APN: 02-00511-0000-00008

New Jersey Atlantic County Atlantic City 08401 Monroe Park

511 N Indiana Ave, Atlantic City, NJ

This home is located at 511 N Indiana Ave, Atlantic City, NJ 08401 since 30 July 2021 and is currently estimated at $443,737. 511 N Indiana Ave is a home located in Atlantic County with nearby schools including New York Avenue School, Atlantic City High School, and New Hope Christian Academy/Robinson Small Learning Center.

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