NOT LISTED FOR SALE

516 N Cambridge Ave Ventnor City, NJ 08406

Estimated Value: $858,000 - $1,043,000

0.22 Acre
$4,315,509 Price per Acre
9,583 Sq Ft Lot

Last Sold May 21, 2019

Last sale price $260,000

Est. 265% increase in value since last sale

Current estimated payment $5,909/month

1 Day on Market

About This Lot

As of May 2019

RARE FIND!! THIS IS THE ONLY QUARTER ACRE LOT AVAILABLE in Ventnor Heights. 130X80 Corner Lot. Looking for a huge lot to build a your dream home? Look no further! This lot has it all! Cleared and Ready to Fit Your Beach Compound! Don't wait, get in now while there is still a Tax Abatement available! By Right subdivision. Call Today for more info on this lot and other parcels available..

Last Agent to Sell the Property

Emily Marchese

MARCHESE REAL ESTATE, LLC Listed on: 04/09/2019

MARCHESE REAL ESTATE, LLC

Last Buyer's Agent

Robin Mitchell

BHHS FOX and ROACH-Margate

BHHS FOX and ROACH-Margate

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $10,213

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 130 x 80
  • Property fronts a county road
  • Level Lot
  • Cleared Lot

Additional Features

  • Water Views
  • Gas Available

Property Details

Property Type

Land

Est. Annual Taxes

$10,213

Lot Details

0

Listing Details

  • Class: Lots/Land
  • Type: 10,001 To 20,000 Sqft
  • Lvt Date: 04/09/2019
  • Development Status: Buildable Lot, Subdivided
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Frontage: County

Utilities

  • Utilities Available: Cable, Electric, Gas, Sewer, Water

Lot Info

  • Location: Water View
  • Lot Dimensions: 130 X 80
  • Number Of Acres: 0.22
  • Number Of Lots: One
  • Topography: Cleared, Level
  • Zoning: Residential

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 15, 2020
Sold by
Tavella Gary and Tavella Susan L
Bought by
Pinto Michael and Pinto Joanne
Current Estimated Value
$949,412

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Outstanding Balance
$199,817
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$749,595

Purchase Details

Listed on
Apr 9, 2019
Closed on
Jun 18, 2019
Sold by
Fmg Properties Llc
Bought by
Tavella Gary and Tavella Susan L
Seller's Agent
Emily Marchese
MARCHESE REAL ESTATE, LLC
Buyer's Agent
Robin Mitchell
BHHS FOX and ROACH-Margate
List Price
$275,000
Sold Price
$260,000
Premium/Discount to List
-$15,000
-5.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.70%
Original Mortgage
$637,400
Interest Rate
4.1%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 27, 2018
Sold by
Gussoni Frank R and Gussoni Madeline M
Bought by
Fmg Properties Llc

Purchase Details

Listed on
May 28, 2015
Closed on
Aug 5, 2015
Sold by
Lbnj Llc
Bought by
Gussoni Frank R and Gussoni Madeline M
Seller's Agent
Eileen Barker
KELLER WILLIAMS REALTY JERSEY SHORE-Margate
Buyer's Agent
Debra Lafferty
COLLINI REAL ESTATE, LLC
List Price
$125,000
Sold Price
$125,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.13%

Purchase Details

Closed on
Nov 25, 2008
Sold by
Pelullo Svetlana
Bought by
Lyubarskiy Arnold and The Melrose Park Trust

Purchase Details

Closed on
Jun 2, 2005
Sold by
Jalilvand Mary Louise R
Bought by
The Svetlana Pelullo Revocable Deed & Tr

Purchase Details

Closed on
Jun 22, 1999
Sold by
Pelullo Louise R
Bought by
Jalilvand Mary Louise R

Purchase Details

Closed on
Apr 2, 1996
Sold by
Pelullo Peter F and Pelullo Louise R
Bought by
Pelullo Louise R
Source: Public Records

Range of Values:

Collateral Analytics

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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
Pinto Michael $525,000 Surety Title Company
Tavella Gary $260,000 Trident Land Transfer Co Nj
Fmg Properties Llc -- None Available
Gussoni Frank R $125,000 Ctl Title Ins Agency Inc
Lyubarskiy Arnold -- None Available
The Svetlana Pelullo Revocable Deed & Tr $399,000 --
Jalilvand Mary Louise R -- --
Pelullo Louise R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pinto Michael $225,000
Closed Pinto Joanne $225,000
Previous Owner Tavella Gary $637,400
Previous Owner Svetlana Pelullo Rev Trust $457,800
Previous Owner Lana Pelullo Revocable Deed Of $1,000,000
Previous Owner Jalilvand Mary Louise R $455,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2019 05/21/19 Sold $260,000 -5.5% --
04/10/2019 04/10/19 Pending -- -- --
04/09/2019 04/09/19 For Sale $275,000 +120.0% --
07/31/2015 07/31/15 Sold $125,000 0.0% --
07/17/2015 07/17/15 Pending -- -- --
05/28/2015 05/28/15 For Sale $125,000 -- --
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 $10,213 $373,700 $109,400 $377,500
2024 $10,213 $373,700 $109,400 $377,500
2023 $9,612 $373,700 $0 $0
2022 $9,612 $373,700 $0 $0
2021 $9,671 $373,700 $0 $0
2020 $2,835 $109,400 $109,400 $0
2019 $3,878 $150,000 $150,000 $0
2018 $3,951 $150,000 $150,000 $0
2017 $4,359 $164,600 $164,600 $0
2016 $7,502 $343,200 $343,200 $0
2015 $12,727 $587,600 $343,200 $244,400
2014 $12,099 $587,600 $343,200 $244,400
Source: Public Records

Agents Affiliated with this Home

  • Emily Marchese

    Seller's Agent in 2019

    Emily Marchese

    MARCHESE REAL ESTATE, LLC

    (609) 241-5141

    54 in this area

    233 Total Sales

    Emily Marchese
    Section Image
  • Robin Mitchell

    Buyer's Agent in 2019

    Robin Mitchell

    BHHS Fox & Roach

    (609) 487-5013

    31 in this area

    52 Total Sales

    Robin Mitchell
    Section Image
  • Eileen Barker

    Seller's Agent in 2015

    Eileen Barker

    KELLER WILLIAMS REALTY JERSEY SHORE-Margate

    (609) 703-2273

    3 in this area

    22 Total Sales

    Eileen Barker
    Section Image
  • Debra Lafferty

    Buyer's Agent in 2015

    Debra Lafferty

    COLLINI REAL ESTATE, LLC

    (609) 287-4874

    3 in this area

    113 Total Sales

    Debra Lafferty
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 520496

South Jersey Shore Regional MLS

APN: 22-00291-0000-00009

New Jersey Atlantic County Ventnor City 08406

516 N Cambridge Ave, Ventnor City, NJ

This home is located at 516 N Cambridge Ave, Ventnor City, NJ 08406 since 09 April 2019 and is currently estimated at $949,412. 516 N Cambridge Ave is a home located in Atlantic County with nearby schools including Ventnor Elementary School, Ventnor Middle School, and St. James Elementary School.

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