NOT LISTED FOR SALE

Estimated Value: $261,443 - $312,000

4 Beds
1.5 Baths
1,122 Sq Ft
$250/Sq Ft Est. Value

Sale Details

Date Sold: December 4, 2023

Last sale price $249,000 $222 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $1,884 / mo

12 Days on Market

Highlights

  • Home fronts navigable water
  • Public Beach
  • Furnished
  • Water Access
  • Building is oceanfront but unit may not have water views
  • No HOA

About This Home

As of December 2023

Rarely offered very successful renovated 4 bedroom/ 1.5 bath Airbnb short term rental just steps to the beach! Recently inspected by the City of Atlantic City and a 2023 Short Term Rental License has been issued. $52,297 gross rental income Sept 2022 to Aug 2023. House will be sold fully furnished.The fun in the sun at the beach is literally out your front door and right past the ramp to the Boardwalk! Right in the heart of the action. Tropicana Casino is a short 2 block walk to the right and Caesar, Bally’s, Wild West Casinos a short 4 block walk to the left on the world famous Atlantic City Boardwalk. Boardwalk Hall host to great concerts and shows is only 1 block away! House can be torn down and a new 3 story with the same living sq. footage, same footprint and first floor garage can be built by right. An application can be made to the CRDA to build an even bigger house. Property next door at 147 S. Texas has recently been approved by the CRDA for a new house. Owner will consider seller financing with 20% down and 680 minimum credit score. What the seller loves about this home-Very popular and profitable airbnb steps to the beach! Note: Owner is related to Agent.

Last Agent to Sell the Property

John Iannarelli

(215) 860-4200 klrw983@kw.com Keller Williams Real Estate - Newtown License #RS336598 Listed on: 09/22/2023

Keller Williams Real Estate - Newtown

Last Buyer's Agent

John Iannarelli

(215) 860-4200 klrw983@kw.com Keller Williams Real Estate - Newtown License #RS336598 Listed on: 09/22/2023

Keller Williams Real Estate - Newtown

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,768

Year Built

  • Built in 1920

Lot Details

  • 849 Sq Ft Lot
  • Lot Dimensions are 17.20 x 49.50
  • Building is oceanfront but unit may not have water views
  • Home fronts navigable water
  • Public Beach
  • East Facing Home
  • Property is zoned RS-C

Home Design

  • Entry on the 1st floor
  • Slab Foundation

Interior Spaces

  • 1,122 Sq Ft Home
  • Property has 2 Levels
  • Furnished
  • Ceiling Fan
  • Luxury Vinyl Plank Tile Flooring

Bedrooms and Bathrooms

Laundry

  • Laundry on main level
  • Electric Dryer
  • Washer

Parking

  • Public Parking
  • Parking Lot

Accessible Home Design

  • More Than Two Accessible Exits

Outdoor Features

  • Water Access
  • Property is near an ocean
  • Swimming Allowed
  • Patio
  • Outdoor Grill

Schools

  • Atlantic City High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Electric Baseboard Heater
  • 150 Amp Service
  • Natural Gas Water Heater
  • Municipal Trash

Community Details

  • No Home Owners Association
  • Ducktown Subdivision

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 00031
  • Assessor Parcel Number 02-00036-00031

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,768

Year Built

Built in 1920

Lot Details

849 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1920
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Appliances: Dryer - Electric, Washer
  • Entry Floor: 1
  • Flooring Type: Luxury Vinyl Plank
  • Interior Amenities: Ceiling Fan(s)
  • Fireplace: No
  • Foundation Details: Slab
  • Levels Count: 2
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 1122
  • Living Area Sq Ft: 1122
  • Price Per Sq Ft: 230.75
  • Above Grade Finished Sq Ft: 1122
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 1
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Block
  • Exterior Features: Bbq Grill
  • Spa: No
  • Water Access Features: Public Beach, Swimming Allowed
  • Water Access: Yes
  • Water Body Name: Atlantic Ocean
  • Water Body Type: Ocean
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Public
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Central A/C
  • Electric Service: 150 Amps
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • High School Source: Listing Agent
  • School District Source: Listing Agent
  • High School: ATLANTIC CITY H.S.

Lot Info

  • Lot Size Acres: 0.02
  • Lot Dimensions: 17.20 x 49.50
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 849.00
  • Outdoor Living Structures: Patio(s)
  • Zoning: RS-C

Rental Info

  • Furnished: Yes
  • Lease Considered: No
  • Total Actual Rent: 52297.00
  • Vacation Rental: Yes

Tax Info

  • Tax Annual Amount: 2768.00
  • Assessor Parcel Number: 02-00036-00031
  • Tax Lot: 00031
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

MLS Schools

  • School District Name: ATLANTIC CITY SCHOOLS

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2023
Closed on
Dec 4, 2023
Sold by
Bought by
Seller's Agent
John Iannarelli
Keller Williams Real Estate - Newtown
Buyer's Agent
John Iannarelli
Keller Williams Real Estate - Newtown
List Price
$258,900
Sold Price
$249,000
Premium/Discount to List
-$9,900
-3.82%
Views
43
Current Estimated Value
$280,611

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,611
Avg. Annual Appreciation
4.49%
Original Mortgage
$250,000
Interest Rate
7.22%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 15, 2018
Sold by
Bought by

Purchase Details

Closed on
Jun 23, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,900
Interest Rate
9.5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$249,000 Core Title
$51,114 The Title Co Of Jersey
$181,000 Surety Title Agency Of Atlan
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $183,750
Closed $250,000
Closed $162,900
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/04/2023 12/04/23 Sold $249,000 -3.8% $222 / Sq Ft
10/04/2023 10/04/23 Pending -- -- --
09/22/2023 09/22/23 For Sale $258,900 -- $231 / Sq Ft
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $4,100 $121,300 $48,300 $73,000
2025 $2,530 $121,300 $48,300 $73,000
2024 $2,530 $73,300 $48,300 $25,000
2023 $2,769 $73,300 $48,300 $25,000
2022 $2,769 $73,300 $48,300 $25,000
2021 $2,859 $73,300 $48,300 $25,000
2020 $2,884 $73,300 $48,300 $25,000
2019 $2,072 $52,000 $20,000 $32,000
2018 $6,289 $178,000 $151,500 $26,500
2017 $6,089 $178,000 $151,500 $26,500
2016 $6,871 $178,000 $151,500 $26,500
2015 $6,091 $178,000 $151,500 $26,500
2014 $5,959 $178,000 $151,500 $26,500
Source: Public Records

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Map

Source: Bright MLS

MLS Number: NJAC2009826

Bright MLS

APN: 02-00036-0000-00031

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