NOT LISTED FOR SALE

531 Melrose Ave Atlantic City, NJ 08401

Uptown Atlantic City Neighborhood

Estimated Value: $218,000 - $329,000

3 Beds
2 Baths
1,568 Sq Ft
$175/Sq Ft Est. Value

Last Sold July 19, 2024

Last sale price $290,000 $185 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $1,770/month

Highlights

  • Deck
  • Tile Flooring
  • Fenced
  • Laundry Room
  • Baseboard Heating

About This Home

As of July 2024

Up the street from Ocean Casino, Showboat Hotel with its brand-new indoor waterpark and the world-famous Atlantic City Boardwalk is a home looking for its next owner. On your front porch you get a view of the casino area leaving you close enough to walk if you desired but still far enough away from downtown to maintain a quiet lifestyle making this location ideal for everyone. Entering the home, you are greeted with a newly updated open concept living room and access to the large eat-in kitchen and dining area. Off the back of the kitchen there is a large laundry/mud room with a full bathroom and access to the back deck and large fenced in yard. Upstairs there are three bedrooms and another full bathroom. In this part of Atlantic City, you are surrounded by so many great spots and with off-street parking, and public transportation at your door, you can get anywhere in town with ease. Sitting just blocks from multiple beaches, fisherman's park, multiple casinos, gardeners' basin, the soon to be re-opened Atlantic City Aquarium and many restaurants you couldn't ask for a more convenient location. Ask your lender about the Down Payment Assistance Programs available to you. Schedule your private tour today!

Last Agent to Sell the Property

DANIELLE COSTELLO

CENTURY 21 ATLANTIC PROFESSIONAL REALTY Listed on: 06/15/2024

CENTURY 21 ATLANTIC PROFESSIONAL REALTY

Last Buyer's Agent

DANIELLE COSTELLO

CENTURY 21 ATLANTIC PROFESSIONAL REALTY Listed on: 06/15/2024

CENTURY 21 ATLANTIC PROFESSIONAL REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,742

Year Built

  • Built in 1900

Lot Details

  • 1,960

Parking

  • 2 Parking Spaces

Home Design

  • Stucco

Interior Spaces

  • 2-Story Property
  • Tile Flooring
  • Crawl Space
  • Laundry Room

Kitchen

  • Self-Cleaning Oven
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Window Unit Cooling System
  • Baseboard Heating

Additional Features

  • Deck
  • Fenced

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,742

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 2 Story
  • Age: 25+ Years
  • Lvt Date: 07/01/2024
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Microwave, Refrigerator, Self Cleaning Oven
  • Flooring: Tile, Vinyl Plank
  • Interior Amenities: Carbon Monoxide Detector, Smoke/Fire Alarm
  • Bedrooms: 3
  • Full Bathrooms: 2
  • Basement: Crawl Space
  • Other Rooms: Laundry/Utility Room

Exterior Features

  • Outside Features: Curbs, Deck, Fenced Yard, Sidewalks
  • Siding Exterior: Stucco

Garage/Parking

  • Parking Exterior: Two Car

Utilities

  • Air Conditioner: Window Units
  • Heating: Baseboard, Electric
  • Sewer: Public Sewer
  • Water: Public

Lot Info

  • Lot Dimensions: 0.0445
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2024
Closed on
Jul 19, 2024
Sold by
Spiii Llc
Bought by
531-535 Melrose Llc
Seller's Agent
DANIELLE COSTELLO
CENTURY 21 ATLANTIC PROFESSIONAL REALTY
Buyer's Agent
DANIELLE COSTELLO
CENTURY 21 ATLANTIC PROFESSIONAL REALTY
List Price
$320,000
Sold Price
$290,000
Premium/Discount to List
-$30,000
-9.38%
Views
25
Current Estimated Value
$273,620

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$16,380
Avg. Annual Appreciation
5.46%

Purchase Details

Listed on
Dec 8, 2020
Closed on
Jan 21, 2021
Sold by
Meritt Marvin
Bought by
Spiii Llc
Seller's Agent
Tracey Newmones
EXP Realty, LLC
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$119,900
Sold Price
$119,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.80%
Original Mortgage
$95,920
Interest Rate
2.6%
Mortgage Type
Commercial

Purchase Details

Listed on
Dec 8, 2020
Closed on
Jan 20, 2021
Sold by
Meritt Marvin
Bought by
Spiii Llc
Seller's Agent
Tracey Newmones
EXP Realty, LLC
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$119,900
Sold Price
$119,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,920
Interest Rate
2.6%
Mortgage Type
Commercial

Purchase Details

Listed on
Oct 1, 2018
Closed on
Jan 4, 2019
Sold by
531 Melorse Avenue Llc
Bought by
Meritt Marvin
Seller's Agent
Silvette Rivera
WEICHERT REALTORS ASBURY GROUP-AC
Buyer's Agent
Georgeanna Newmones
eXp Realty-Atlantic City
List Price
$29,900
Sold Price
$17,500
Premium/Discount to List
-$12,400
-41.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
155.68%

Purchase Details

Listed on
Apr 20, 2015
Closed on
Jun 3, 2015
Sold by
Fannie Mae
Bought by
531 Melrose Avenue Llc
Seller's Agent
Charles Miltenberger
Vylla Home - Northfield
List Price
$22,500
Sold Price
$22,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-6.78%

Purchase Details

Closed on
Mar 3, 2015
Sold by
Mejia Max E and Arellano Pedro
Bought by
Fannie Mae and Federal National Mortgage Association

Purchase Details

Closed on
Jan 10, 2008
Sold by
Ruiz Rita E
Bought by
Arellano Pedro and Mejia Max

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,000
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 7, 2008
Sold by
Ruiz Justin Miguel and Lieberman Esq Barbara J Barbara J
Bought by
Ruiz Rita E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,000
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 12, 2007
Sold by
Nelson Melissa and Ruiz Melissa
Bought by
Ruiz Jessica and Ruiz Nelson M

Purchase Details

Closed on
Dec 21, 2004
Sold by
Ruiz Martin
Bought by
Ruiz Rita

Purchase Details

Closed on
Sep 25, 2003
Sold by
Palmer Susan
Bought by
Ruiz Rita

Purchase Details

Closed on
Sep 24, 2003
Sold by
Ruiz Rita E
Bought by
Ruiz Rita E and Palmer Susan
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
531-535 Melrose Llc $270,000 Surety Title
Spiii Llc $119,900 The Title Company Of Jersey
Spiii Llc $119,900 Land Title Services
Meritt Marvin $17,500 The Title Co Of Jersey
531 Melrose Avenue Llc -- Westcor Land Title Ins Co
Fannie Mae -- None Available
Arellano Pedro $202,500 Liberty Title Agency
Ruiz Rita E $8,000 None Available
Ruiz Rita E $8,000 None Available
Ruiz Rita E $40,000 None Available
Ruiz Jessica $6,000 None Available
Ruiz Rita -- --
Ruiz Rita -- --
Ruiz Rita -- --
Ruiz Rita $9,000 --
Ruiz Rita E $9,000 --
Ruiz Rita E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Spiii Llc $95,920
Previous Owner Spiii Llc $95,920
Previous Owner Arellano Pedro $162,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2024 07/19/24 Sold $290,000 -9.4% $185 / Sq Ft
06/15/2024 06/15/24 For Sale $320,000 +166.9% $204 / Sq Ft
01/21/2021 01/21/21 Sold $119,900 0.0% $76 / Sq Ft
12/14/2020 12/14/20 Pending -- -- --
12/08/2020 12/08/20 For Sale $119,900 +585.1% $76 / Sq Ft
01/04/2019 01/04/19 Sold $17,500 -41.5% $11 / Sq Ft
12/06/2018 12/06/18 Pending -- -- --
11/28/2018 11/28/18 Price Changed $29,900 +8.7% $19 / Sq Ft
11/12/2018 11/12/18 Price Changed $27,500 -8.0% $18 / Sq Ft
10/01/2018 10/01/18 For Sale $29,900 +32.9% $19 / Sq Ft
06/08/2015 06/08/15 Sold $22,500 0.0% $14 / Sq Ft
05/13/2015 05/13/15 Pending -- -- --
04/20/2015 04/20/15 For Sale $22,500 -- $14 / 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 $3,742 $108,400 $27,600 $80,800
2024 $3,742 $108,400 $27,600 $80,800
2023 $4,094 $108,400 $27,600 $80,800
2022 $4,094 $108,400 $27,600 $80,800
2021 $4,229 $108,400 $27,600 $80,800
2020 $4,264 $108,400 $27,600 $80,800
2019 $3,522 $88,400 $8,200 $80,200
2018 $3,123 $88,400 $8,200 $80,200
2017 $6,397 $187,000 $106,800 $80,200
2016 $7,218 $187,000 $106,800 $80,200
2015 $6,399 $187,000 $106,800 $80,200
2014 $6,261 $187,000 $106,800 $80,200
Source: Public Records

Agents Affiliated with this Home

  • DANIELLE COSTELLO

    Seller's Agent in 2024

    DANIELLE COSTELLO

    CENTURY 21 ATLANTIC PROFESSIONAL REALTY

    (609) 816-3013

    13 in this area

    68 Total Sales

    DANIELLE COSTELLO
    Section Image
  • Tracey Newmones

    Seller's Agent in 2021

    Tracey Newmones

    EXP Realty, LLC

    (609) 944-8809

    23 in this area

    146 Total Sales

    Tracey Newmones
    Section Image
  • Silvette Rivera

    Seller's Agent in 2019

    Silvette Rivera

    Weichert Corporate

    (856) 238-2082

    31 in this area

    80 Total Sales

    Silvette Rivera
    Section Image
  • Georgeanna Newmones

    Buyer's Agent in 2019

    Georgeanna Newmones

    eXp Realty-Atlantic City

    (609) 710-5550

    42 in this area

    245 Total Sales

    Georgeanna Newmones
    Section Image
  • Charles Miltenberger

    Seller's Agent in 2015

    Charles Miltenberger

    Vylla Home - Northfield

    (609) 338-9992

    2 in this area

    64 Total Sales

    Charles Miltenberger
    Section Image
See All Agents

Map

Source: South Jersey Shore Regional MLS

MLS Number: 586239

South Jersey Shore Regional MLS

APN: 02-00428-0000-00003

New Jersey Atlantic County Atlantic City 08401 Uptown Atlantic City

531 Melrose Ave, Atlantic City, NJ

This home is located at 531 Melrose Ave, Atlantic City, NJ 08401 since 15 June 2024 and is currently estimated at $273,620, approximately $174 per square foot. This property was built in 1900. 531 Melrose Ave is a home located in Atlantic County with nearby schools including Uptown Complex School, Atlantic City High School, and New Hope Christian Academy/Robinson Small Learning Center.

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.
Information is deemed reliable but not guaranteed.
© 2025 South Jersey Shore Regional Multiple Listing Service. All rights reserved.

Nearby Homes