$3,650,000
SOLD NOV 8, 2024

5505 Atlantic Ave Ventnor City, NJ 08406

7 Beds
6.5 Baths
-- Sq Ft
7,492 Sq Ft Lot

Recently Sold

4% Below List Price

15 Days on Market

Highlights

  • Water Views
  • In Ground Pool
  • Recreation Room
  • New Construction
  • Deck
  • 1-minute walk to C Sure Children's Park

About This Home

As of November 2024

THIS ONE-OF-A-KIND ST. LEONARD'S TRACT NEW CONSTRUCTION WILL HAVE IT ALL-- INCLUDING SOME OF THE NICEST OCEAN VIEWS YOU WILL EVER SEE! This gorgeous masterpiece by J&J Construction is situated right across from the BEACH/BOARDWALK/TENNIS COURTS/PICKLEBALL COURTS & PLAYGROUND with stunning OCEAN VIEWS from every floor! Featuring a massive, oversized 60'x125' lot size and TWO-CAR ATTACHED GARAGE plus parking for at least 4 more cars! Wow! All 3 floors boast large expansive decks with Mahogony ceilings. This beauty will feature seven bedrooms, den/indoor pool hang-out space, six full baths, high-end designer finishes, beautiful hardwood floors, custom woodwork throughout & 4-STOP ELEVATOR! You won't believe all of these details! Gourmet kitchen w/ 48” stove and 48” refrigerator/freezer, GE Monogram appliances, lots of custom cabinets, bar area and large center-island. OPEN LIVING SPACE that's sure hard to find at the shore! The magnificent backyard will be an absolute DREAM featuring a large 30'+ in-ground gunite pool, spa and waterfall plus enough space for huge, lavish parties or secluded comfort away from the noise! Private, third floor master-suite w/ his and hers walk-in closets and over-sized master bath w/ standing shower & soaking tub. Smart home features, James Hardie siding, lots of storage, full laundry room and an endless list of features. Walk to everything the North Beach district has to offer including the movie theatre and some of the best restaurants around! You won't want to miss this BEAUTY!!!

Last Agent to Sell the Property

Dana Hartman

BHHS FOX and ROACH-Margate II License #0679612 Listed on: 09/09/2024

BHHS FOX and ROACH-Margate II

Co-Listed By

Paula Hartman

BHHS FOX and ROACH-Margate License #SP-9807299

Last Buyer's Agent

Dana Hartman

BHHS FOX and ROACH-Margate II License #0679612 Listed on: 09/09/2024

BHHS FOX and ROACH-Margate II

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,659

Year Built

  • Built in 2024 | New Construction

Lot Details

  • Lot Dimensions are 60x125
  • Fenced
  • Sprinkler System

Home Design

  • Vinyl Siding
  • Stone Exterior Construction

Interior Spaces

  • 3-Story Property
  • Elevator
  • Bar
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Insulated Windows
  • Great Room
  • Living Room with Fireplace
  • Dining Area
  • Den
  • Recreation Room
  • Storage
  • Water Views
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • <<selfCleaningOvenToken>>
  • Stove
  • <<microwave>>
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • In-Law or Guest Suite
  • Bathroom on Main Level

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 2 Car Attached Garage
  • Automatic Garage Door Opener
  • Stone Driveway

Pool

  • In Ground Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Deck
  • Patio
  • Porch

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Tankless Water Heater
  • Gas Water Heater

Community Details

Overview

  • St Leonards Tra Subdivision

Recreation

  • Community Boardwalk

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,659

Year Built

Built in 2024 | New Construction

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 3 Story
  • Age: 0 To 1 Year
  • Lvt Date: 09/09/2024
  • New Construction: Yes
  • Year Built: 2024
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Built-In, Gas Log, Living Room
  • Flooring: Hardwood, Tile
  • Interior Amenities: Bar, Cathedral Ceiling, Carbon Monoxide Detector, Elevator, Kitchen Center Island, Storage, Smoke/Fire Alarm, Walk In Closet
  • Bedrooms: 7
  • Bedroom 1: On Level: Main
  • Bedroom 2: On Level: Upper
  • Bedroom 3: On Level: Upper
  • Bedroom 4: On Level: Upper
  • Bedroom 5: On Level: Upper
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Bathroom 1 Level: Main
  • Bathroom 2 Level: Upper
  • Bathroom 3 Level: Upper
  • Basement: Crawl Space
  • Dining Room: On Level: Main
  • Family Room: On Level: Main
  • Kitchen: On Level: Main
  • Living Room: On Level: Main
  • Other Rooms: Den/Tv Room, Dining Area, Eat In Kitchen, Great Room, In-Law Quarters, Laundry/Utility Room, Pantry, Recreation/Family, Primary Br On 1st Floor

Exterior Features

  • Outside Features: Curbs, Deck, Fenced Yard, Outside Shower, Patio, Pool-In Ground, Porch, Sidewalks, Sprinkler System, Whirlpool/Spa, Enclosed Outside Shower
  • Siding Exterior: Stone, Vinyl, Fiber Cement Board Siding
  • Storm Screens: Insulated Glass

Garage/Parking

  • Driveway: Stone
  • Garage: Two Car, Attached Garage, Auto Door Opener
  • Parking Exterior: Three Or More Cars

Utilities

  • Air Conditioner: Ceiling Fan(s), Central, Multi-Zoned
  • Heating: Forced Air, Gas-Natural, Multi-Zoned
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas, Tankless-Gas

Lot Info

  • Location: Boardwalk Area, Water View
  • Lot Dimensions: 60x125
  • Lot Size: Less Than One Acre

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

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Range of Values:

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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: 588880

South Jersey Shore Regional MLS

APN: 22-00058-0000-00003