$850,000
SOLD OCT 21, 2022

5505 Atlantic Ave Ventnor City, NJ 08406

1 Acre
$850,000 Price per Acre
43,560 Sq Ft Lot

Recently Sold

43% Below List Price

36 Days on Market

Highlights

  • Ocean Front
  • Level Lot
  • 1-minute walk to C Sure Children's Park

About This Lot

As of November 2024

UNOBSTRUCTED DIRECT OCEAN FRONT - PANORAMIC VIEWS from this OVERSIZED ST LEONARDS TRACK LOT 65X125 >>> WOWZERS! Build Your Dream Home and Start Living Your BEST LIFE!

Last Agent to Sell the Property

Emily Marchese

MARCHESE REAL ESTATE, LLC License #0338026 Listed on: 08/29/2022

MARCHESE REAL ESTATE, LLC

Last Buyer's Agent

Stuart Wanicur

REAL-FAIRFIELD License #2186404

REAL-FAIRFIELD

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $10,659

Lot Details

  • 1 Acre Lot
  • Lot Dimensions are 65 x 125
  • Ocean Front
  • Property fronts a county road
  • Level Lot
  • Cleared Lot

Additional Features

  • Water Views
  • Gas Available

Community Details

  • Community Boardwalk

Property Details

Property Type

Land

Est. Annual Taxes

$10,659

Lot Details

0

Listing Details

  • Class: Lots/Land
  • Type: 6,001 To 10,000 Sqft
  • Lvt Date: 08/29/2022
  • Development Status: Buildable Lot
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Frontage: County

Utilities

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

Lot Info

  • Location: Boardwalk Front, Ocean Front, Boardwalk Area, Water View
  • Lot Dimensions: 65 x 125
  • Number Of Acres: 1
  • Improvements: Sidewalks
  • Number Of Lots: One
  • Topography: Cleared, Level
  • Zoning: Residential

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2024
Closed on
Nov 8, 2024
Sold by
5505 Atlantic Llc
Bought by
Kolovos Virginia and Kolovos Hristos
Seller's Agent
Dana Hartman
BHHS FOX and ROACH-Margate II
Buyer's Agent
Dana Hartman
BHHS FOX and ROACH-Margate II
List Price
$3,795,000
Sold Price
$3,650,000
Premium/Discount to List
-$145,000
-3.82%
Views
10

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.30%
Original Mortgage
$2,000,000
Interest Rate
6.78%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 29, 2022
Closed on
Oct 20, 2022
Sold by
Howe Jeffrey M
Bought by
5505 Atlantic Llc
Seller's Agent
Emily Marchese
MARCHESE REAL ESTATE, LLC
Buyer's Agent
Stuart Wanicur
REAL-FAIRFIELD
List Price
$1,500,000
Sold Price
$850,000
Premium/Discount to List
-$650,000
-43.33%
Views
33

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
103.57%

Purchase Details

Listed on
Jan 19, 2019
Closed on
Jul 8, 2020
Sold by
Weintrob Harriet
Bought by
Howe Jeffrey M and Frasnelli Dawn P
Seller's Agent
Donna Palazzo-Burnside
BALSLEY/LOSCO-VENTNOR
Buyer's Agent
Emily Marchese
MARCHESE REAL ESTATE, LLC
List Price
$629,000
Sold Price
$503,500
Premium/Discount to List
-$125,500
-19.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.69%

Purchase Details

Closed on
Feb 20, 1996
Sold by
Gallagher Matthew G and Gallagher Kathleen T
Bought by
Weintrob Stephen D and Weintrob Harriet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
7.04%

Purchase Details

Closed on
Jul 26, 1994
Sold by
Brazos Partners L P
Bought by
Gallagher Matthew and Gallagher Kathleen

Purchase Details

Closed on
Sep 24, 1993
Sold by
New West Fed Sav
Bought by
Brazus Partners

Purchase Details

Closed on
Apr 19, 1993
Sold by
Dibiaca Joseph V Acting Sheriff
Bought by
American Savings Bank F A

Purchase Details

Closed on
Feb 18, 1993
Sold by
Dibianca Joseph V
Bought by
America Savings & Loan Assoc
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 Type Sale Price Title Company
Deed $3,650,000 Surety Title
Deed $3,650,000 Surety Title
Deed $850,000 First American Title
Deed $503,500 Foundation Title Llc
Deed $175,000 The Title Company
Deed $157,000 --
Deed $131,136 --
Quit Claim Deed $100 --
Sheriffs Deed $100 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $2,000,000 New Conventional
Previous Owner $938,250 Reverse Mortgage Home Equity Conversion Mortgage
Previous Owner $938,250 Reverse Mortgage Home Equity Conversion Mortgage
Previous Owner $295,000 Unknown
Previous Owner $250,000 Unknown
Previous Owner $100,000 Credit Line Revolving
Previous Owner $150,000 Unknown
Previous Owner $100,000 Credit Line Revolving
Previous Owner $175,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2025 06/16/25 Price Changed $65,000 -23.5% --
05/14/2025 05/14/25 For Rent $85,000 0.0% --
11/08/2024 11/08/24 Sold $3,650,000 -3.8% --
09/24/2024 09/24/24 Pending -- -- --
09/09/2024 09/09/24 For Sale $3,795,000 +346.5% --
10/21/2022 10/21/22 Sold $850,000 -29.2% --
10/19/2022 10/19/22 Price Changed $1,200,000 +20.0% --
10/04/2022 10/04/22 Pending -- -- --
09/21/2022 09/21/22 Price Changed $1,000,000 -16.7% --
09/06/2022 09/06/22 Price Changed $1,200,000 -20.0% --
08/29/2022 08/29/22 For Sale $1,500,000 +197.9% --
07/08/2020 07/08/20 Sold $503,500 -15.9% --
04/01/2020 04/01/20 Pending -- -- --
10/30/2019 10/30/19 Price Changed $599,000 -4.8% --
01/19/2019 01/19/19 For Sale $629,000 -- --
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
2024 $10,659 $390,000 $390,000 $0
2023 $10,031 $390,000 $390,000 $0
2022 $10,031 $390,000 $390,000 $0
2021 $15,569 $601,600 $390,000 $211,600
2020 $15,337 $601,600 $390,000 $211,600
2019 $15,301 $601,600 $390,000 $211,600
2018 $15,596 $601,600 $390,000 $211,600
2017 $15,680 $601,600 $390,000 $211,600
2016 $13,677 $637,100 $560,000 $77,100
2015 $13,550 $637,100 $560,000 $77,100
2014 $12,868 $637,100 $560,000 $77,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 566575

South Jersey Shore Regional MLS

APN: 22-00058-0000-00003