NOT LISTED FOR SALE

519 N Ohio Ave Atlantic City, NJ 08401

Monroe Park Neighborhood

Estimated Value: $255,000 - $372,000

-- Bed
-- Bath
2,626 Sq Ft
$121/Sq Ft Est. Value

Last Sold March 31, 2023

Last sale price $252,000 $96 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $2,118/month

69 Days on Market

Highlights

  • Wood Flooring
  • Parking Storage or Cabinetry
  • Dining Area
  • 2 Car Detached Garage
  • Dwelling with Rental
  • Hot Water Baseboard Heater

About This Home

As of March 2023

Investors alert!! Solid 3-story duplex in excellent condition! The first floor offers a nice size 3 BR 1ba in perfect condition. The upstairs 2-sty unit will be vacant as of January 1, 2023 (the new owner can occupy or set a rent schedule based on the current market (of $1,800-$2,000). The upstairs unit is the main house and features a large two-story 3Br with an enclosed sun porch, living room, small den, kitchen, newer windows, walk-in pantry, enclosed back porch with lots of windows, and currently, one side used for the washer/dryer. There is a detached two-car garage with separate electricity, an automatic door opener (potential rental income), fenced property, and more. The lot next door is being sold separately, and the owner wants to sell both as a package—separate utilities and heat.

Last Agent to Sell the Property

Tracey Newmones

EXP Realty, LLC Listed on: 11/30/2022

EXP Realty, LLC

Last Buyer's Agent

Tracey Newmones

EXP Realty, LLC Listed on: 11/30/2022

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,087

Year Built

  • Built in 1920

Lot Details

  • 2,344 Sq Ft Lot
  • Lot Dimensions are 25.00 x 93.70

Parking

  • 2 Car Detached Garage
  • Parking Storage or Cabinetry
  • Garage Door Opener
  • On-Street Parking

Home Design

  • Duplex
  • Dwelling with Rental
  • Brick Exterior Construction

Interior Spaces

  • 2,626 Sq Ft Home
  • Dining Area
  • Crawl Space
  • Stove

Flooring

  • Wood
  • Carpet

Laundry

  • Dryer
  • Washer

Utilities

  • Hot Water Baseboard Heater
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for insurance, sewer, water, real estate taxes
  • Tax Lot 00002
  • Assessor Parcel Number 02-00502-00002

Community Details

Overview

  • 2 Units

Building Details

  • 1 Vacant Unit
  • Rent Control

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,087

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Dwelling With Rental
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Year Built: 1920
  • Automatically Close On Close Date: No
  • Remarks Public: Investors alert!! Solid 3-story duplex in excellent condition! The first floor offers a nice size 3 BR 1ba in perfect condition. The upstairs 2-sty unit will be vacant as of January 1, 2023 (the new owner can occupy or set a rent schedule based on the current market (of $1,800-$2,000). The upstairs unit is the main house and features a large two-story 3Br with an enclosed sun porch, living room, small den, kitchen, newer windows, walk-in pantry, enclosed back porch with lots of windows, and currently, one side used for the washer/dryer. There is a detached two-car garage with separate electricity, an automatic door opener (potential rental income), fenced property, and more. The lot next door is being sold separately, and the owner wants to sell both as a package—separate utilities and heat.
  • Special Features: None

Interior Features

  • Appliances: Washer, Dryer, Stove
  • Interior Amenities: Dining Area, Carpet, Wood Floors
  • Fireplace: No
  • Foundation Details: Crawl Space
  • Basement: No
  • Total Sq Ft: 2626
  • Living Area Sq Ft: 2626
  • Price Per Sq Ft: 98.63
  • Above Grade Finished Sq Ft: 2626
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 519

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Sidewalks
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Additional Storage Area, Garage Door Opener
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Detached Garage, On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Monthly Water Average: 40
  • Water Previous Twelve Months: 480.00
  • Water Source: Public

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District: ATLANTIC CITY SCHOOLS
  • School District Key: 300200396906
  • School District Source: 3rd Party

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 110300.00
  • Land Assessed Value: 24400.00
  • Lot Size Acres: 0.05
  • Lot Dimensions: 25.00 x 93.70
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2344.00
  • Year Assessed: 2022
  • Zoning: R-1

Rental Info

  • Existing Lease Type: Month To Month
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 1
  • Owner Pays: Insurance, Sewer, Water, Taxes - Real Estate
  • Rent Control: Yes
  • Vacation Rental: No

Multi Family

  • Number Of Units Vacant: 1

Tax Info

  • Assessor Parcel Number: 3306844
  • Tax Annual Amount: 5087.00
  • Assessor Parcel Number: 02-00502-00002
  • Tax Lot: 00002
  • Tax Total Finished Sq Ft: 2626
  • Tax Data Updated: No
  • Tax Year: 2022
  • Close Date: 03/31/2023

MLS Schools

  • School District Name: ATLANTIC CITY SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 30, 2022
Closed on
Mar 31, 2023
Sold by
Utts Paul
Bought by
519 N Ohio Llc
Seller's Agent
Tracey Newmones
EXP Realty, LLC
Buyer's Agent
Tracey Newmones
EXP Realty, LLC
List Price
$259,000
Sold Price
$252,000
Premium/Discount to List
-$7,000
-2.7%
Views
133
Current Estimated Value
$317,523

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,523
Avg. Annual Appreciation
10.06%
Original Mortgage
$189,000
Outstanding Balance
$183,989
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$133,534
Source: Public Records

Range of Values:

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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
519 N Ohio Llc $252,000 Surety Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 519 N Ohio Llc $189,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2023 03/31/23 Sold $252,000 0.0% $96 / Sq Ft
03/30/2023 03/30/23 Sold $252,000 -2.7% $96 / Sq Ft
02/13/2023 02/13/23 Pending -- -- --
02/07/2023 02/07/23 Pending -- -- --
11/30/2022 11/30/22 For Sale $259,000 0.0% $99 / Sq Ft
11/11/2022 11/11/22 For Sale $259,000 -- $99 / Sq Ft
Source: Bright 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 $4,650 $134,700 $24,400 $110,300
2024 $4,650 $134,700 $24,400 $110,300
2023 $5,088 $134,700 $24,400 $110,300
2022 $5,088 $134,700 $24,400 $110,300
2021 $5,255 $134,700 $24,400 $110,300
2020 $5,299 $134,700 $24,400 $110,300
2019 $5,179 $130,000 $30,000 $100,000
2018 $4,593 $130,000 $30,000 $100,000
2017 $4,447 $130,000 $30,000 $100,000
2016 $5,018 $130,000 $30,000 $100,000
2015 $4,449 $130,000 $30,000 $100,000
2014 $8,983 $268,300 $108,100 $160,200
Source: Public Records

Agents Affiliated with this Home

  • Tracey Newmones

    Seller's Agent in 2023

    Tracey Newmones

    EXP Realty, LLC

    (609) 944-8809

    14 in this area

    144 Total Sales

    Tracey Newmones
    Section Image
  • Georgeanna Newmones

    Seller's Agent in 2023

    Georgeanna Newmones

    eXp Realty-Atlantic City

    (609) 710-5550

    21 in this area

    250 Total Sales

    Georgeanna Newmones
    Section Image
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Map

Source: Bright MLS

MLS Number: NJAC2006500

Bright MLS

APN: 02-00502-0000-00002

New Jersey Atlantic County Atlantic City 08401 Monroe Park

519 N Ohio Ave, Atlantic City, NJ

This home is located at 519 N Ohio Ave, Atlantic City, NJ 08401 since 30 November 2022 and is currently estimated at $317,523, approximately $120 per square foot. This property was built in 1920. 519 N Ohio Ave is a home located in Atlantic County with nearby schools including New York Avenue School, Atlantic City High School, and Our Lady Star of the Sea Regional School.

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