$360,000
SOLD JUN 18, 2025
3 Beds
1.5 Baths
1,088 Sq Ft
5,040 Sq Ft Lot

Recently Sold

$331 Per Sq Ft

10% Below List Price

40 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • 3-minute walk to Annapolis Avenue Recreation Complex
  • Bungalow

About This Home

As of June 2025

Incredible Investment Opportunity – Perfect for Airbnb, Long-Term Rental, or First-Time Homebuyers!

Nestled in the sought-after Chelsea Heights neighborhood, this elevated 3-bedroom, 1.5-bath home is packed with potential—whether you’re seeking a primary residence, vacation rental income, or a profitable long-term investment.

Property Highlights:
Gleaming hardwood floors throughout
Spacious fenced yard ideal for entertaining or relaxing outdoors
Large side deck off the kitchen for additional outdoor living space
Raised post-Hurricane Sandy with a ground level offering 6-foot ceilings—great for storage or future expansion
New HVAC system, two driveways, and three decks
Prime location—just minutes from Atlantic City beaches, boardwalk, casinos, restaurants, and outlet shopping
Financial Incentives:
May qualify for up to 10% down payment and $5,000 in closing cost assistance through the Atlantic County Improvement Authority
Additional city and state grants of up to $50,000 may be available for eligible buyers
Airbnb potential: Estimated nightly rates of $200–$300 with high occupancy in the area
Long-term rental income: Average monthly rents of $2,800–$3,100, yielding an attractive cap rate of approximately 11.34%
All within walking distance to parks and recreation, and just a short drive to all the best Atlantic City has to offer.

Whether you're starting out or scaling up, this beautifully updated home is a rare find with outstanding income potential.

Schedule your private tour today!

Last Agent to Sell the Property

Rajan Khullar

BHHS Fox & Roach-Northfield License #0673568 Listed on: 03/25/2025

BHHS Fox & Roach-Northfield

Last Buyer's Agent

David Siwy

Realty Mark Associates

Realty Mark Associates

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,910

Year Built

  • Built in 1960

Lot Details

  • 5,040 Sq Ft Lot
  • Lot Dimensions are 56.00 x 90.00
  • Property is zoned R-2

Parking

  • Driveway

Home Design

  • Bungalow
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,088 Sq Ft Home
  • Property has 2 Levels
  • Basement
  • Side Basement Entry

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Utilities

  • Central Heating and Cooling System
  • Cooling System Utilizes Natural Gas
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Atlantic City Subdivision

Listing and Financial Details

  • Assessor Parcel Number 02-00769-00011

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,910

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Bungalow
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Year Built: 1960
  • Remarks Public: Incredible Investment Opportunity – Perfect for Airbnb, Long-Term Rental, or First-Time Homebuyers! Nestled in the sought-after Chelsea Heights neighborhood, this elevated 3-bedroom, 1.5-bath home is packed with potential—whether you’re seeking a primary residence, vacation rental income, or a profitable long-term investment. Property Highlights: Gleaming hardwood floors throughout Spacious fenced yard ideal for entertaining or relaxing outdoors Large side deck off the kitchen for additional outdoor living space Raised post-Hurricane Sandy with a ground level offering 6-foot ceilings—great for storage or future expansion New HVAC system, two driveways, and three decks Prime location—just minutes from Atlantic City beaches, boardwalk, casinos, restaurants, and outlet shopping Financial Incentives: May qualify for up to 10% down payment and $5,000 in closing cost assistance through the Atlantic County Improvement Authority Additional city and state grants of up to $50,000 may be available for eligible buyers Airbnb potential: Estimated nightly rates of $200–$300 with high occupancy in the area Long-term rental income: Average monthly rents of $2,800–$3,100, yielding an attractive cap rate of approximately 11.34% All within walking distance to parks and recreation, and just a short drive to all the best Atlantic City has to offer. ✨ Whether you're starting out or scaling up, this beautifully updated home is a rare find with outstanding income potential. 📅 Schedule your private tour today!
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Foundation Details: Concrete Perimeter
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Side Entrance
  • Total Sq Ft: 1088
  • Living Area Sq Ft: 1088
  • Price Per Sq Ft: 349.17
  • Above Grade Finished Sq Ft: 1088
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 600

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Combination, Concrete, Vinyl Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: ATLANTIC CITY SCHOOLS
  • School District Key: 300200396906
  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.12
  • Lot Dimensions: 56.00 x 90.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5040.00
  • Zoning: R-2

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 5910.00
  • Assessor Parcel Number: 02-00769-00011
  • Tax Year: 2024
  • Close Date: 06/18/2025

MLS Schools

  • School District Name: ATLANTIC CITY SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2023
Closed on
Sep 26, 2023
Sold by
Keeper Patricia C
Bought by
Chowdhury Iqbal Ahasan and Chowdhury Nupur Dilruba
Seller's Agent
NORMA JEAN PEPINO
BHHS FOX and ROACH-Margate
Buyer's Agent
Rajan Khullar
BHHS FOX and ROACH-Northfield
List Price
$315,000
Sold Price
$310,000
Premium/Discount to List
-$5,000
-1.59%
Views
25

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.87%
Original Mortgage
$232,500
Outstanding Balance
$229,022
Interest Rate
7.19%
Mortgage Type
New Conventional
Estimated Equity
$158,319

Purchase Details

Closed on
Aug 17, 2009
Sold by
Newsome Bernard
Bought by
Keeper Patricia C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,150
Interest Rate
5.36%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 29, 2004
Sold by
Ricci Agnes
Bought by
Newsome Bernard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,400
Interest Rate
5.63%

Purchase Details

Closed on
May 11, 2004
Sold by
Ricci Agnes M and Dunn Lawson Randi Lynne
Bought by
Ricci Agnes M and Dunn Lawson Randi Lynne

Purchase Details

Closed on
Mar 13, 2002
Sold by
Ricci Agnes M
Bought by
Ricci Agnes M and Lawson Randi Lynne Dunn
Source: Public Records

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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 $310,000 Trident Land Transfer
Deed $200,000 First American Title Ins Co
Deed $210,000 --
Deed $210,000 --
Deed $210,000 --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $232,500 New Conventional
Previous Owner $30,977 Unknown
Previous Owner $183,150 FHA
Previous Owner $10,000 Stand Alone Second
Previous Owner $168,550 Stand Alone Second
Previous Owner $176,400 No Value Available
Closed $0 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2025 06/18/25 Sold $360,000 0.0% $331 / Sq Ft
06/18/2025 06/18/25 Sold $360,000 -5.2% $331 / Sq Ft
04/14/2025 04/14/25 Price Changed $379,900 0.0% $349 / Sq Ft
04/14/2025 04/14/25 Price Changed $379,900 -3.6% $349 / Sq Ft
04/04/2025 04/04/25 Price Changed $393,900 0.0% $362 / Sq Ft
04/04/2025 04/04/25 Price Changed $393,900 -0.3% $362 / Sq Ft
04/03/2025 04/03/25 Price Changed $394,900 -1.3% $363 / Sq Ft
03/31/2025 03/31/25 For Sale $399,900 +0.2% $368 / Sq Ft
03/25/2025 03/25/25 For Sale $399,000 +10.8% $367 / Sq Ft
03/15/2025 03/15/25 Off Market $360,000 -- --
03/06/2025 03/06/25 Price Changed $399,900 -2.4% $368 / Sq Ft
03/02/2025 03/02/25 Price Changed $409,900 -6.8% $377 / Sq Ft
02/21/2025 02/21/25 Price Changed $439,900 -4.3% $404 / Sq Ft
01/02/2025 01/02/25 For Sale $459,900 +48.4% $423 / Sq Ft
09/27/2023 09/27/23 Sold $310,000 -1.6% $285 / Sq Ft
08/16/2023 08/16/23 Pending -- -- --
08/11/2023 08/11/23 For Sale $315,000 -- $290 / Sq Ft
Source: Bright 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 $5,910 $171,200 $50,200 $121,000
2023 $6,466 $171,200 $50,200 $121,000
2022 $6,466 $171,200 $50,200 $121,000
2021 $6,679 $171,200 $50,200 $121,000
2020 $6,735 $171,200 $50,200 $121,000
2019 $4,462 $112,000 $44,500 $67,500
2018 $3,957 $112,000 $44,500 $67,500
2017 $7,728 $225,900 $152,400 $73,500
2016 $8,720 $225,900 $152,400 $73,500
2015 $7,730 $225,900 $152,400 $73,500
2014 $7,563 $225,900 $152,400 $73,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJAC2017780

Bright MLS

APN: 02-00769-0000-00011