NOT LISTED FOR SALE

6604 Atlantic Ave Ventnor City, NJ 08406

Estimated Value: $1,737,000 - $2,237,000

0.07 Acre
$27,502,443 Price per Acre
3,049 Sq Ft Lot

Last Sold October 31, 2018

Last sale price $475,000

Est. 305% increase in value since last sale

Current estimated payment $12,542/month

169 Days on Market

Highlights

  • Water Views
  • Building is beachfront but unit may not have water views
  • Corner Lot

About This Lot

As of October 2018

There is currently an existing home on the property that has been gutted down to the studs that you can rehab, or tear down and build a totally new beachblock home. This property has been priced to sell at the value of the lot. Lot size of 50x62.5 and can accommodate a fabulous single family beachblock home!

Last Agent to Sell the Property

Ashley Franchini

Soleil Sotheby's International Realty - A Listed on: 03/15/2018

Soleil Sotheby's International Realty - A

Last Buyer's Agent

Ashley Franchini

Soleil Sotheby's International Realty - A Listed on: 03/15/2018

Soleil Sotheby's International Realty - A

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $29,585

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 50x62.5
  • Building is beachfront but unit may not have water views
  • Corner Lot

Property Views

  • Water Views

Community Details

  • Community Boardwalk

Property Details

Property Type

Land

Est. Annual Taxes

$29,585

Lot Details

0

Listing Details

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

Lot Info

  • Location: Beach Block, Corner, Boardwalk Area, Water View
  • Lot Dimensions: 50x62.5
  • Number Of Acres: 0.07
  • Number Of Lots: One
  • Zoning: Residential

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 7, 2021
Sold by
Brigantine Beach Dev Llc
Bought by
Bohorquez Alejandro and Muzio Alfia
Current Estimated Value
$1,925,171

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,020,000
Outstanding Balance
$920,195
Interest Rate
2.95%
Mortgage Type
New Conventional
Estimated Equity
$1,004,976

Purchase Details

Listed on
Mar 15, 2018
Closed on
Dec 27, 2018
Sold by
Adam Kenneth J
Bought by
Brigantine Beach Development Llc
Seller's Agent
Ashley Franchini
Soleil Sotheby's International Realty - A
Buyer's Agent
Ashley Franchini
Soleil Sotheby's International Realty - A
List Price
$550,000
Sold Price
$475,000
Premium/Discount to List
-$75,000
-13.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.17%
Original Mortgage
$603,000
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Closed on
May 16, 2016
Sold by
Finkelson Mathew D
Bought by
Adam Kenneth J

Purchase Details

Closed on
Jul 20, 2015
Sold by
Finkelson Mathew D
Bought by
Finkelson Mathew D

Purchase Details

Closed on
Sep 7, 2005
Sold by
Finkelson Matthew
Bought by
Jacqueline Finkelson

Purchase Details

Closed on
Oct 31, 2002
Sold by
Cerniglia Rosemarie
Bought by
Cerniglia Salvatore and Cerniglia Rosemarie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 25, 1983
Sold by
Finkelson Mathew J
Bought by
Finkelson Mathew D
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
Bohorquez Alejandro $1,275,000 Shore Title
Brigantine Beach Development Llc $475,000 Shore Title Agency Inc
Adam Kenneth J $495,000 None Available
Finkelson Mathew D -- Attorney
Jacqueline Finkelson -- --
Cerniglia Salvatore -- --
Finkelson Mathew D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bohorquez Alejandro $1,020,000
Previous Owner Brigantine Beach Development Llc $603,000
Previous Owner Cerniglia Salvatore $625,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2018 10/31/18 Sold $475,000 -13.6% --
08/31/2018 08/31/18 Pending -- -- --
03/15/2018 03/15/18 For Sale $550,000 -- --
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
2025 $29,585 $1,082,500 $557,700 $524,800
2024 $29,585 $1,082,500 $557,700 $524,800
2023 $27,842 $1,082,500 $557,700 $524,800
2022 $27,842 $1,082,500 $557,700 $524,800
2021 $16,279 $629,000 $557,700 $71,300
2020 $16,297 $629,000 $557,700 $71,300
2019 $16,260 $629,000 $557,700 $71,300
2018 $16,568 $629,000 $557,700 $71,300
2017 $16,656 $629,000 $557,700 $71,300
2016 $16,942 $775,000 $675,000 $100,000
2015 $16,787 $775,000 $675,000 $100,000
2014 $15,957 $775,000 $675,000 $100,000
Source: Public Records

Agents Affiliated with this Home

  • Ashley Franchini

    Seller's Agent in 2018

    Ashley Franchini

    Solei SIR Margate

    (609) 233-6116

    36 in this area

    193 Total Sales

    Ashley Franchini
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 502417

South Jersey Shore Regional MLS

APN: 22-00030-0000-00009

New Jersey Atlantic County Ventnor City 08406

6604 Atlantic Ave, Ventnor City, NJ

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