NOT LISTED FOR SALE

59 S Elberon Ave Atlantic City, NJ 08401

Lower Chelsea Neighborhood

Estimated Value: $515,000 - $670,000

-- Bed
-- Bath
2,844 Sq Ft
$203/Sq Ft Est. Value

Last Sold May 03, 2024

Last sale price $485,000 $171 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $4,091/month

88 Days on Market

Highlights

  • Beach Access
  • Eat-In Kitchen
  • Hot Water Heating System
  • Porch
  • Living Room
  • 5-minute walk to O'Donnell Memorial Park

About This Home

As of May 2024

WELL YOUR IN THE HEART OF THE ACTION COUPLE BLOCKS TO STOCKTON UNIVERSITY ONE BLOCK TO BOARDWALK BEACH AND YOUR SUROUNDED BY RESTURANTS BARS ALL WITH IN WALKING DISTANCE THE PROPERTY CONSIST OF 4 BEDROOM 1 BATH APT BASEMENT FLOOR AND UPSTAIRS 8 BEDROOMS LICENSES AS A ROOMING HOUSE THEY HAVE 3 VACANCIES RENT NOW IS $5270 THE HOME ALONE FOR ITS LOCATION IS WORTH THE SELLING PRICE WITHOUT THE ROMMING LICENSE. WILL HAVE THE EXPENSES SOON PLEASE LOOK IN DOC'S

Last Agent to Sell the Property

Sheldon Grace

GRACE PROPERTIES License #SB-8338487 Listed on: 12/07/2023

Last Buyer's Agent

Sheldon Grace

GRACE PROPERTIES License #SB-8338487 Listed on: 12/07/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,801

Year Built

  • Built in 1900

Lot Details

  • Lot Dimensions are 35x75

Parking

  • 3 Parking Spaces

Home Design

  • Asbestos Siding

Interior Spaces

  • Blinds
  • Living Room
  • Dining Area
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Storm Screens

Kitchen

  • Eat-In Kitchen
  • Stove
  • <<microwave>>

Outdoor Features

  • Beach Access
  • Porch

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Gas Water Heater

Community Details

  • 12 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,801

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: 11 - 20 Units
  • Also Includes: Blinds
  • Lvt Date: 12/11/2023
  • Year Built: 1900
  • Age: 25+ Years
  • Allow Comsumer Comment: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Gas Stove, Microwave, Refrigerator
  • Basement: Finished, Full
  • Other Rooms: Dining Area, Eat In Kitchen, Living Room

Exterior Features

  • Outside Features: Beach Access, Porch, Sidewalks
  • Siding Exterior: Asbestos
  • Storm Screens: Combination

Garage/Parking

  • Parking Exterior: Three Or More Cars

Utilities

  • Air Conditioner: Window Units
  • Heating: Gas-Natural, Hot Water, Radiator
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas

Lot Info

  • Lot Dimensions: 35X75

Rental Info

  • Rental Information: Monthly

Multi Family

  • Number Of Units: 12
  • Separate Meters: Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 7, 2023
Closed on
May 3, 2024
Sold by
59 S Elberon Llc
Bought by
Doin It Ozb Llc
Seller's Agent
Sheldon Grace
GRACE PROPERTIES
Buyer's Agent
Sheldon Grace
GRACE PROPERTIES
List Price
$569,000
Sold Price
$485,000
Premium/Discount to List
-$84,000
-14.76%
Views
36
Current Estimated Value
$575,979

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$90,979
Avg. Annual Appreciation
8.57%

Purchase Details

Listed on
Nov 3, 2021
Closed on
Mar 14, 2022
Sold by
Thomas Mikala R
Bought by
59 S Elberon Llc
Seller's Agent
Paula Hartman
BHHS FOX and ROACH-Margate
Buyer's Agent
Sheldon Grace
GRACE PROPERTIES
List Price
$349,000
Sold Price
$349,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.62%
Original Mortgage
$279,200
Interest Rate
5.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 26, 2019
Sold by
Pennytwink Llc
Bought by
Thomas Mikala R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 9, 2016
Sold by
Lavoranterela Estate
Bought by
Opennywink Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
3.92%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 25, 2000
Sold by
King Gia and King Keith A
Bought by
Lavorante Real Estate Lp
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 Buyer Sale Price Title Company
Doin It Ozb Llc $485,000 First American Title
59 S Elberon Llc $349,000 University Title
Thomas Mikala R -- Title Co Of Jersey Northfiel
Opennywink Llc $178,500 The Title Co Of Jersey
Lavorante Real Estate Lp $61,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Doin It Ozb Llc $750,000
Previous Owner 59 S Elberon Llc $279,200
Previous Owner Thomas Mikala $185,000
Previous Owner Thomas Mikala R $180,000
Previous Owner Opennywink Llc $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/03/2024 05/03/24 Sold $485,000 -14.8% $171 / Sq Ft
03/04/2024 03/04/24 Pending -- -- --
12/07/2023 12/07/23 For Sale $569,000 +63.0% $200 / Sq Ft
03/14/2022 03/14/22 Sold $349,000 0.0% $123 / Sq Ft
02/15/2022 02/15/22 For Sale $349,000 0.0% $123 / Sq Ft
11/22/2021 11/22/21 Pending -- -- --
11/03/2021 11/03/21 For Sale $349,000 -- $123 / 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
2024 $10,801 $312,900 $61,000 $251,900
2023 $11,818 $312,900 $61,000 $251,900
2022 $11,818 $312,900 $61,000 $251,900
2021 $12,206 $312,900 $61,000 $251,900
2020 $12,309 $312,900 $61,000 $251,900
2019 $9,960 $250,000 $165,000 $85,000
2018 $8,833 $250,000 $165,000 $85,000
2017 $8,553 $250,000 $165,000 $85,000
2016 $9,650 $250,000 $165,000 $85,000
2015 $8,555 $250,000 $165,000 $85,000
2014 $8,370 $250,000 $165,000 $85,000
Source: Public Records

Agents Affiliated with this Home

  • Sheldon Grace

    Seller's Agent in 2024

    Sheldon Grace

    GRACE PROPERTIES

    (609) 485-2262

    5 in this area

    61 Total Sales

    Sheldon Grace
    Section Image
  • Paula Hartman

    Seller's Agent in 2022

    Paula Hartman

    BHHS Fox & Roach

    (609) 487-7234

    102 in this area

    772 Total Sales

    Paula Hartman
    Section Image
  • Todd Gordon

    Seller Co-Listing Agent in 2022

    Todd Gordon

    BHHS FOX and ROACH-Margate III

    (609) 553-5098

    104 in this area

    453 Total Sales

    Todd Gordon
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 580407

South Jersey Shore Regional MLS

APN: 02-00194-0000-00016

New Jersey Atlantic County Atlantic City 08401 Lower Chelsea

59 S Elberon Ave, Atlantic City, NJ

This home is located at 59 S Elberon Ave, Atlantic City, NJ 08401 since 07 December 2023 and is currently estimated at $575,979, approximately $202 per square foot. This property was built in 1900. 59 S Elberon Ave is a home located in Atlantic County with nearby schools including Richmond Avenue School, Atlantic City High School, and Our Lady Star of the Sea Regional School.

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.

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