NOT LISTED FOR SALE

7 N Boston Ave Atlantic City, NJ 08401

Chelsea Neighborhood

Estimated Value: $736,730

-- Bed
-- Bath
-- Sq Ft
4,312 Sq Ft Lot

Last Sold October 30, 2023

Last sale price $659,000

Est. 12% increase in value since last sale

Current estimated payment $4,897/month

1,044 Days on Market

Highlights

  • Air Conditioning
  • Forced Air Heating System
  • 4-minute walk to O'Donnell Memorial Park

About This Home

As of October 2023

Great location. Income property 2 blocks from casinos, boardwalk and beach. Hardwood floors, cathedral ceilings, modern kitchen, parking, washer/dryer/refrigerator. Front building has a 7 bed 2 1/2 bath unit on floors 2,3, & 4 and a 3 bed 1 bath apartment on lower floor. Rear building has 2, 3-bedroom 2 bath units. Central Air, Washer & Dryer in all units. Newly constructed with cathedrals ceilings and granite tops. All units are occupied. All units pay separate for sewer and water.

Last Agent to Sell the Property

MARTIN HAMSON

A C LANDMARK LLC License #SB-7847009 Listed on: 10/15/2020

Last Buyer's Agent

Rajan Khullar

BHHS FOX and ROACH-Northfield License #0673568

BHHS FOX and ROACH-Northfield

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,356

Lot Details

  • 4,312

Parking

  • 2 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Vinyl Siding

Utilities

  • Air Conditioning
  • Forced Air Heating System
  • Separate Meters
  • Gas Water Heater

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,356

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: 4 - 10 Units
  • Lvt Date: 10/15/2020
  • Allow Comsumer Comment: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Siding Exterior: Brick, Vinyl

Garage/Parking

  • Driveway: Concrete
  • Parking Exterior: Two Car

Utilities

  • Air Conditioner: Electric
  • Heating: Forced Air
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas

Lot Info

  • Lot Dimensions: 33 X 131.02 IRR

Rental Info

  • Rental Information: 100 Percent Occupancy

Multi Family

  • Number Of Units: 4
  • Number Of3 Bedroom Units: 3
  • Number Of4 Bedroom Units: 1
  • Separate Meters: Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2020
Closed on
Oct 31, 2023
Sold by
Ac Jersey Llc
Bought by
Ahad Abdul
Seller's Agent
MARTIN HAMSON
A C LANDMARK LLC
Buyer's Agent
Rajan Khullar
BHHS FOX and ROACH-Northfield
List Price
$699,000
Sold Price
$659,000
Premium/Discount to List
-$40,000
-5.72%
Views
74
Current Estimated Value
$736,730

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,730
Avg. Annual Appreciation
4.06%
Original Mortgage
$472,000
Outstanding Balance
$465,822
Interest Rate
7.57%
Mortgage Type
New Conventional
Estimated Equity
$241,846

Purchase Details

Closed on
Apr 15, 2022
Sold by
Goldstein Margaret B
Bought by
Ac Jersey Llc

Purchase Details

Closed on
Dec 28, 2020
Sold by
Masceri Patricia A and The Jersey Trust
Bought by
Goldstein Margaret B

Purchase Details

Closed on
Aug 1, 2016
Sold by
Goldstein Margaret Barbara
Bought by
Mascari Patricia A and The Jersey Trust

Purchase Details

Closed on
Jan 30, 2015
Sold by
Matinolich Jeannie
Bought by
Goldstein Margaret Barbara

Purchase Details

Closed on
Aug 4, 2012
Sold by
First Boston Corp
Bought by
Martinolich Jeannie and Jersey Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
3.59%
Mortgage Type
Commercial
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
Ahad Abdul $659,900 The Title Company
Ac Jersey Llc -- None Listed On Document
Goldstein Margaret B -- None Available
Mascari Patricia A -- None Available
Goldstein Margaret Barbara -- None Available
Martinolich Jeannie -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ahad Abdul $472,000
Previous Owner Goldstein Margaret B $332,500
Previous Owner Martinolich Jeannie $150,000
Previous Owner Martinolich Jeannie $310,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2023 10/30/23 Sold $659,000 -5.7% --
08/25/2023 08/25/23 Pending -- -- --
03/31/2023 03/31/23 For Sale $699,000 0.0% --
03/31/2023 03/31/23 Price Changed $699,000 +7.7% --
10/10/2022 10/10/22 Pending -- -- --
06/16/2022 06/16/22 Price Changed $649,000 +8.3% --
03/17/2021 03/17/21 Price Changed $599,000 +50.1% --
10/15/2020 10/15/20 For Sale $399,000 -- --
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
2024 $10,356 $300,000 $60,000 $240,000
2023 $11,331 $300,000 $60,000 $240,000
2022 $11,331 $300,000 $60,000 $240,000
2021 $11,703 $300,000 $60,000 $240,000
2020 $11,802 $300,000 $60,000 $240,000
2019 $11,952 $300,000 $66,000 $234,000
2018 $10,599 $300,000 $66,000 $234,000
2017 $10,263 $300,000 $66,000 $234,000
2016 $11,580 $300,000 $66,000 $234,000
2015 $12,833 $375,000 $200,000 $175,000
2014 $12,555 $375,000 $200,000 $175,000
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2023

    MARTIN HAMSON

    A C LANDMARK LLC

    (609) 442-4434

    1 in this area

    7 Total Sales

    Section Image
  • Rajan Khullar

    Buyer's Agent in 2023

    Rajan Khullar

    BHHS Fox & Roach

    (609) 816-7644

    6 in this area

    66 Total Sales

    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 543529

South Jersey Shore Regional MLS

APN: 02-00261-0000-00017

New Jersey Atlantic County Atlantic City 08401 Chelsea

7 N Boston Ave, Atlantic City, NJ

This home is located at 7 N Boston Ave, Atlantic City, NJ 08401 since 15 October 2020 and is currently estimated at $736,730. 7 N Boston Ave is a home located in Atlantic County with nearby schools including Sovereign Avenue School, Atlantic City High School, and Our Lady Star of the Sea Regional School.

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