NOT LISTED FOR SALE

6616 Ventnor Ave Ventnor City, NJ 08406

Estimated Value: $841,128

-- Bed
-- Bath
-- Sq Ft
1,960 Sq Ft Lot

Last Sold April 30, 2021

Last sale price $525,000

Est. 60% increase in value since last sale

Current estimated payment $5,571/month

20 Days on Market

Highlights

  • Laundry Room
  • Dining Room
  • Ceiling Fan

About This Home

As of April 2021

Investor Alert! Three story, corner lot building with 2 Commercial units & 4 Apartments - 2Br / 1Bath each. Smaller Commercial and all four residential are currently rented. Great for the true investor or store owner who wants a positive income bearing property. Also ideal for owner/operator with the store front just vacated. Income & Expense in Associated Documents

Last Agent to Sell the Property

Anthony Marotta

KELLER WILLIAMS REALTY JERSEY SHORE-Margate Listed on: 09/27/2019

KELLER WILLIAMS REALTY JERSEY SHORE-Margate

Last Buyer's Agent

Anthony Marotta

KELLER WILLIAMS REALTY JERSEY SHORE-Margate Listed on: 09/27/2019

KELLER WILLIAMS REALTY JERSEY SHORE-Margate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,288

Year Built

  • Built in 1920

Lot Details

  • Lot Dimensions are 100x21

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Ceiling Fan
  • Dining Room
  • Stove

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Heating System Uses Natural Gas
  • Separate Meters
  • Gas Water Heater

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,288

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: 4 - 10 Units
  • Lvt Date: 09/27/2019
  • Year Built: 1920
  • Allow Comsumer Comment: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dryer, Gas Stove, Refrigerator, Washer
  • Basement: 6 Ft. Or More Head Room
  • Other Rooms: Dining Room, Laundry/Utility Rm

Exterior Features

  • Siding Exterior: Brick

Utilities

  • Air Conditioner: Ceiling Fan(s)
  • Heating: Gas-Natural, Radiator
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas

Lot Info

  • Lot Dimensions: 100x21

Multi Family

  • Number Of Units: 4
  • Number Of2 Bedroom Units: 4
  • Separate Meters: Cable Tv, Electric, Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2019
Closed on
Apr 28, 2021
Sold by
6616 Fk Llc
Bought by
6616 Ventnor Ave Llc
Seller's Agent
Anthony Marotta
KELLER WILLIAMS REALTY JERSEY SHORE-Margate
Buyer's Agent
Anthony Marotta
KELLER WILLIAMS REALTY JERSEY SHORE-Margate
List Price
$550,000
Sold Price
$525,000
Premium/Discount to List
-$25,000
-4.55%
Current Estimated Value
$841,128

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$316,128
Avg. Annual Appreciation
11.44%
Original Mortgage
$480,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 14, 2018
Closed on
May 15, 2018
Sold by
6616 Ventnor Ave Llc
Bought by
6616 Fk Llc
Seller's Agent
Anthony Marotta
KELLER WILLIAMS REALTY JERSEY SHORE-Margate
Buyer's Agent
Anthony Marotta
KELLER WILLIAMS REALTY JERSEY SHORE-Margate
List Price
$477,000
Sold Price
$477,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.29%

Purchase Details

Listed on
Sep 9, 2014
Closed on
Jan 15, 2016
Sold by
Kings Court Enterprises
Bought by
6616 Ventor Ave Llc
Seller's Agent
Anthony Marotta
KELLER WILLIAMS REALTY JERSEY SHORE-Margate
Buyer's Agent
Anthony Marotta
KELLER WILLIAMS REALTY JERSEY SHORE-Margate
List Price
$450,000
Sold Price
$450,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.53%
Original Mortgage
$350,000
Interest Rate
3.98%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 25, 1996
Sold by
Metzman Beatrice
Bought by
Kings Court Enterprises
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
6616 Ventnor Ave Llc $525,000 None Listed On Document
6616 Fk Llc $477,000 Lt National Title Services
6616 Ventor Ave Llc $450,000 Surety Title
Kings Court Enterprises $225,000 The Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 6616 Ventnor Ave Llc $480,000
Previous Owner 6616 Ventor Ave Llc $350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2021 04/30/21 Sold $525,000 0.0% --
01/20/2021 01/20/21 Off Market $525,000 -- --
10/17/2019 10/17/19 Pending -- -- --
09/27/2019 09/27/19 For Sale $550,000 +15.3% --
05/14/2018 05/14/18 Sold $477,000 0.0% --
05/14/2018 05/14/18 Pending -- -- --
05/14/2018 05/14/18 For Sale $477,000 +6.0% --
01/15/2016 01/15/16 Sold $450,000 0.0% --
12/07/2015 12/07/15 Pending -- -- --
09/09/2014 09/09/14 For Sale $450,000 -- --
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 $12,288 $449,600 $196,000 $253,600
2024 $12,288 $449,600 $196,000 $253,600
2023 $11,564 $449,600 $196,000 $253,600
2022 $11,564 $449,600 $196,000 $253,600
2021 $11,636 $449,600 $196,000 $253,600
2020 $11,649 $449,600 $196,000 $253,600
2019 $11,622 $449,600 $196,000 $253,600
2018 $11,842 $449,600 $196,000 $253,600
2017 $11,905 $449,600 $196,000 $253,600
2016 $11,863 $542,700 $279,300 $263,400
2015 $11,755 $542,700 $279,300 $263,400
2014 $11,174 $542,700 $279,300 $263,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 528575

South Jersey Shore Regional MLS

APN: 22-00073-0000-00013