NOT LISTED FOR SALE

622 N Connecticut Ave Atlantic City, NJ 08401

Estimated Value: $391,000

0.05 Acre
$7,519,231 Price per Acre
2,265 Sq Ft Lot

Last Sold June 18, 2021

Last sale price $225,000 $231 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $2,424/month

72 Days on Market

About This Lot

As of June 2021

Great opportunity to purchase 3 waterfront lots on Snug Harbor. Atlantic City's best kept secret; Snug Harbor is just 5 minutes, by boat, to the inlet for fishing and boating, plus close to boardwalk, historic Gardner's Basin, Casino's, restaurants and the beach. This package deal also includes additional lots 2.02 and 3; that are both to the left of the house. These lots have approximately 40 ft of deeded water. All lots will need new bulkheads. The 3 lots include: (1) 622 N. Connecticut (lot 2.01) is 25 X 90 and includes a house that is a complete rehab or tear down. (2) 620 N. Connecticut Ave (lot 2.02) is 25 X 90 and is cleared. (3) 618 N. Connecticut Ave is 25 X 90 (lot 3) and is cleared. 620 N. Connecticut is assessed at $105,300 with taxes of $4,143 618 N. Connecticut is assessed at $13,500 with taxes of $531. It is the responsibility of the buyer to verify all information with the city of Atlantic City with regard to the taxes, assessment, zoning, building requirements, etc

Last Agent to Sell the Property

Amy Sullivan

RE/MAX ATLANTIC Listed on: 12/31/2020

Last Buyer's Agent

Georgeanna Newmones

eXp Realty-Atlantic City

eXp Realty-Atlantic City

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,573

Lot Details

  • Lot Dimensions are 25 x 90
  • Property Fronts a Bay or Harbor
  • 3 Lots in the community

Utilities

  • Gas Available

Property Details

Property Type

Land

Est. Annual Taxes

$3,573

Lot Details

0

Listing Details

  • Class: Lots/Land
  • Type: 1 To 6,000 Sqft
  • Lvt Date: 01/02/2021
  • Development Status: Buildable Lot
  • Special Features: None
  • Property Sub Type: LotsLands

Utilities

  • Utilities Available: Electric, Gas, Sewer, Water

Lot Info

  • Location: Bay Front
  • Lot Dimensions: 25 X 90
  • Number Of Lots: Three
  • Zoning: Residential

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 31, 2020
Closed on
Jun 15, 2021
Sold by
Connecticut Avenue Real Estate Developme
Bought by
Zp Ac Holdings 1 Llc
Seller's Agent
Amy Sullivan
RE/MAX ATLANTIC
Buyer's Agent
Georgeanna Newmones
eXp Realty-Atlantic City
List Price
$225,000
Sold Price
$225,000
Current Estimated Value
$391,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$166,000
Avg. Annual Appreciation
14.10%

Purchase Details

Closed on
Jul 27, 2015
Sold by
Scoop Properties Llc
Bought by
Connecticut Avenue Real Estate Developme

Purchase Details

Closed on
May 25, 2005
Sold by
Kay Edward H and Kay Regina A
Bought by
Cno Inc

Purchase Details

Closed on
Jan 23, 2004
Sold by
Kay Edward H and Kay Regina A
Bought by
Cno Inc
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
Zp Ac Holdings 1 Llc $225,000 Abramoff Steven M
Connecticut Avenue Real Estate Developme -- Surety Title Co
Cno Inc -- --
Cno Inc $450,000 Commonwealth Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cno Inc $0
Previous Owner Cno Inc $630,000
Previous Owner Hardiman Maryanne $49,348
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2021 06/18/21 Sold $225,000 0.0% $231 / Sq Ft
03/13/2021 03/13/21 Pending -- -- --
12/31/2020 12/31/20 For Sale $225,000 -- $231 / 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
2025 $3,573 $103,500 $103,500 --
2024 $3,573 $103,500 $103,500 $0
2023 $8,959 $237,200 $103,500 $133,700
2022 $8,959 $237,200 $103,500 $133,700
2021 $9,253 $237,200 $103,500 $133,700
2020 $9,331 $237,200 $103,500 $133,700
2019 $2,390 $60,000 $50,000 $10,000
2018 $2,120 $60,000 $50,000 $10,000
2017 $2,053 $60,000 $50,000 $10,000
2016 $2,316 $60,000 $50,000 $10,000
2015 $3,935 $115,000 $65,000 $50,000
2014 $3,850 $115,000 $65,000 $50,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 545820

South Jersey Shore Regional MLS

APN: 02-00556-0000-00002-01