NOT LISTED FOR SALE

512 Magellan Ave Atlantic City, NJ 08401

Uptown Atlantic City Neighborhood

Estimated Value: $248,000 - $361,000

3 Beds
2 Baths
2,321 Sq Ft
$125/Sq Ft Est. Value

Sale Details

Date Sold: August 15, 2013

Last sale price $124,400 $54 Per Sq Ft

Est. 134% increase in value since last sale

Current estimated payment $1,980 / mo

Highlights

  • Wood Flooring
  • Dining Area
  • Fenced
  • Porch

About This Home

As of February 2022

Gorgeous second floor apt totally renovated ....hardwood floors, bedrooms carpeted. Large bedrooms. Washer and dryer. Tenant must have over 650 credit score and be employed Nice quiet street. Lots of street parking.

Last Agent to Rent the Property

JOHN MOSCONY, II

NUMBER ONE REALTY Listed on: 10/20/2021

Last Renter's Agent

JOHN MOSCONY, II

NUMBER ONE REALTY Listed on: 10/20/2021

Property Details

Home Type

  • Apartment

Year Built

  • 1930

Lot Details

  • 2,657

Parking

  • 2 Parking Spaces

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Dining Area
  • Stove
  • Washer

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Home Security

  • Storm Screens
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Heating System Uses Natural Gas
  • Gas Water Heater

Additional Features

  • Porch
  • Fenced

Community Details

  • No Pets Allowed

Property Details

Home Type

Apartment

Year Built

1930

Lot Details

2,657 Sq Ft Lot

Rental Info

  • Pets Allowed: No Pets Allowed
  • Lease Duration Options: Yearly
  • Lease Duration: Yearly
  • Annual Price per Month: 1250

Listing Details

  • Class: Rental Non-Commercial
  • Type: Apartment (Rental)
  • Age: 25+ Years
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1930

Interior Features

  • Appliances: Electric Stove, Refrigerator, Washer
  • Flooring: W/W Carpet, Wood
  • Interior Amenities: Carbon Monoxide Detector, Smoke/Fire Alarm
  • Bedrooms: 3
  • Full Bathrooms: 2
  • Other Rooms: Dining Area

Exterior Features

  • Outside Features: Curbs, Fenced Yard, Porch, Sidewalks
  • Siding Exterior: Brick
  • Storm Screens: Combination

Garage/Parking

  • Parking Exterior: Two Car

Utilities

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 20, 2024
Sold by
Tolwin Chaim Issac and Nitsun Meir
Bought by
Cazy Homes Llc
Current Estimated Value
$290,822

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,500
Interest Rate
6.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 3, 2023
Sold by
Thomas Robert L and Thomas Melody Shepherd
Bought by
Tolwin Chaim and Nitsun Meir

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,500
Interest Rate
6.65%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 4, 2013
Closed on
Jul 31, 2013
Sold by
Brooks George T
Bought by
Thomas Robert L and Thomas Melody Shepherd
Seller's Agent
Daniel Rallo
KELLER WILLIAMS REALTY ATLANTIC SHORE-Northfield
Buyer's Agent
Daniel Rallo
KELLER WILLIAMS REALTY ATLANTIC SHORE-Northfield
List Price
$124,400
Sold Price
$124,400

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.94%
Original Mortgage
$93,300
Interest Rate
3.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 17, 2009
Sold by
Olympus Asset Management Inc
Bought by
Brooks George T

Purchase Details

Closed on
Mar 27, 2009
Sold by
Federal National Mortgage Association
Bought by
Homesales Inc

Purchase Details

Closed on
Jun 10, 2008
Sold by
Truong Myloc and Chase Home Finance Llc
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Dec 31, 2002
Sold by
Caramma Marilyn
Bought by
Paradise Way Llc

Purchase Details

Closed on
Jul 18, 2002
Sold by
Kerley Michael
Bought by
Caramma Marilyn B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,600
Interest Rate
6.18%

Purchase Details

Closed on
Oct 17, 2001
Sold by
Ballard Ruth B
Bought by
Kerley Michael
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Cazy Homes Llc -- Security Title
Tolwin Chaim $190,000 None Listed On Document
Thomas Robert L $124,400 Surety Title
Brooks George T $97,500 Chicago Title Insurance Co
Homesales Inc -- Chicago Title Insurance Co
Federal National Mortgage Association -- None Available
Paradise Way Llc -- --
Caramma Marilyn B $136,500 The Title Company Of Jersey
Kerley Michael $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cazy Homes Llc $217,500
Previous Owner Tolwin Chaim $142,500
Previous Owner Thomas Robert L $93,300
Previous Owner Caramma Marilyn B $93,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/01/2022 02/01/22 Rented -- -- --
10/20/2021 10/20/21 For Rent $1,250 0.0% --
06/01/2021 06/01/21 Rented -- -- --
05/22/2021 05/22/21 Price Changed $1,250 +2.0% $1 / Sq Ft
04/19/2021 04/19/21 For Rent $1,225 +6.5% --
04/01/2019 04/01/19 Rented -- -- --
01/04/2019 01/04/19 For Rent $1,150 -99.1% --
06/27/2016 06/27/16 Rented -- -- --
05/28/2016 05/28/16 Under Contract -- -- --
03/02/2016 03/02/16 For Rent -- -- --
02/15/2016 02/15/16 Rented -- -- --
01/16/2016 01/16/16 Under Contract -- -- --
10/07/2015 10/07/15 For Rent -- -- --
05/19/2014 05/19/14 Rented -- -- --
05/01/2014 05/01/14 Rented -- -- --
04/19/2014 04/19/14 Under Contract -- -- --
04/01/2014 04/01/14 Under Contract -- -- --
11/19/2013 11/19/13 For Rent -- -- --
09/09/2013 09/09/13 For Rent -- -- --
08/15/2013 08/15/13 Sold $124,400 0.0% $54 / Sq Ft View Prior Sale
06/15/2013 06/15/13 Pending -- -- --
06/04/2013 06/04/13 For Sale $124,400 -- $54 / Sq Ft
Source: South Jersey Shore Regional MLS

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 $4,964 $143,800 $30,600 $113,200
2024 $4,964 $143,800 $30,600 $113,200
2023 $5,431 $143,800 $30,600 $113,200
2022 $5,431 $143,800 $30,600 $113,200
2021 $5,610 $143,800 $30,600 $113,200
2020 $5,657 $143,800 $30,600 $113,200
2019 $5,976 $150,000 $75,000 $75,000
2018 $5,300 $150,000 $75,000 $75,000
2017 $5,132 $150,000 $75,000 $75,000
2016 $6,176 $160,000 $60,000 $100,000
2015 $5,475 $160,000 $60,000 $100,000
2014 $5,357 $160,000 $60,000 $100,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Landlord's Agent in 2022

    JOHN MOSCONY, II

    NUMBER ONE REALTY

    (609) 345-7775

    1 in this area

    8 Total Sales

    JOHN MOSCONY, II
    Section Image

  • C

    Seller's Agent in 2019

    CAROL MOSCONY

    NUMBER ONE REALTY

    (609) 440-7171

    CAROL MOSCONY
    Section Image
  • WILLIAM RAMPOLLA

    Buyer's Agent in 2016

    WILLIAM RAMPOLLA

    GALLOWAY REAL ESTATE INC

    (609) 432-1900

    1 in this area

    57 Total Sales

    WILLIAM RAMPOLLA
    Section Image
  • Daniel Rallo

    Seller's Agent in 2013

    Daniel Rallo

    KELLER WILLIAMS REALTY ATLANTIC SHORE-Northfield

    (609) 338-7364

    99 Total Sales

    Daniel Rallo
    Section Image
See All Agents

Map

Source: South Jersey Shore Regional MLS

MLS Number: 556716

South Jersey Shore Regional MLS

APN: 02-00558-0000-00003

New Jersey Atlantic County Atlantic City 08401 Uptown Atlantic City

512 Magellan Ave, Atlantic City, NJ

Not Listed for Sale

MultiFamily

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