NOT LISTED FOR SALE

7 N Newport Ave Ventnor City, NJ 08406

Estimated Value: $698,000 - $1,019,000

3 Beds
2.5 Baths
-- Sq Ft
7,492 Sq Ft Lot

Last Sold January 15, 2020

Last sale price $340,000

Est. 154% increase in value since last sale

Current estimated payment $5,361/month

14 Days on Market

Highlights

  • Deck
  • Sun or Florida Room
  • Storage
  • Wood Flooring
  • Laundry Room
  • Dining Room

About This Home

As of January 2020

PREVIOUS BED AND BREAKFAST!WILL NEED ZONING APPROVAL TO TRANSFER BACK. EXCELLENT REVENUE POTENTIAL W/ FULL FINISHED LOWER LEVEL W/ FULL BATH,BEDROOM AND KITCHEN/LIVING AREA, MAIN FLOOR IS OWNERS QUARTERS W/ W/ 2 BEDROOM FULL BATH,COMPLETE KITCHEN AND TWO ENTRANCES.UPPER LEVEL FEATURES MULTIPLE BEDROOMS W/ PRIVATE BATHS AND SHARED KITCHEN FACILITY.TOP LEVEL INCLUDES ADDITION 1 BR UNITS. GREAT LOCATION IN THE HEART OF VENTNOR. GREAT INVESTMENT OR OWNER OCCUPIED AND LET TENANTS PAY YOUR MORTGAGE/TAXES.EZ TO SHOW. PLENTY OF OFFSTREET PARKING W/ PARKING FOR 15+ CARS.SHORT WALK TO BEACH AND BOARDWALK.EZ TO SHOW-OWNER MOTIVATED BRING ALL OFFERS!

Last Agent to Sell the Property

Robert Shamberg

BHHS DIVERSIFIED REALTY License #0125768 Listed on: 10/08/2019

BHHS DIVERSIFIED REALTY

Last Buyer's Agent

Burton Wilkins

GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY License #SB-8743449

GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,937

Lot Details

  • 7,492

Parking

  • 2 Parking Spaces

Home Design

  • Asbestos Siding

Interior Spaces

  • 2-Story Property
  • Dining Room
  • Sun or Florida Room
  • Storage
  • Finished Basement
  • Heated Basement
  • Storm Screens
  • Stove

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Additional Features

  • Deck
  • Lot Dimensions are 51x151
  • Heating System Uses Oil

Community Details

  • Community Boardwalk

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,937

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 2 Story
  • Lvt Date: 10/08/2019
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Dryer, Electric Stove, Refrigerator, Washer
  • Flooring: Hardwood, Laminate Flooring
  • Interior Amenities: Storage
  • Bedrooms: 3
  • Bedroom 1: On Level: Upper
  • Bedroom 2: On Level: Upper
  • Bedroom 3: On Level: Basement
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Bathroom 1 Level: Upper
  • Bathroom 2 Level: Basement
  • Basement: 6 Ft. Or More Head Room, Finished, Heated
  • Dining Room: On Level: Main
  • Kitchen: On Level: Main
  • Living Room: On Level: Main
  • Powder Room Level: Main
  • Other Rooms: Dining Room, Florida Room, Laundry/Utility Room

Exterior Features

  • Outside Features: Deck, Paved Road
  • Siding Exterior: Asbestos
  • Storm Screens: Combination

Garage/Parking

  • Driveway: Concrete
  • Parking Exterior: Two Car

Utilities

  • Heating: Oil
  • Sewer: Public Sewer
  • Water: Public

Lot Info

  • Location: Boardwalk Area
  • Lot Dimensions: 51X151
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2019
Closed on
Jan 15, 2020
Sold by
Rappe Anthony
Bought by
Lane Kimberly and Desouza Mary
Seller's Agent
Robert Shamberg
BHHS DIVERSIFIED REALTY
Buyer's Agent
Burton Wilkins
GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY
List Price
$379,900
Sold Price
$340,000
Premium/Discount to List
-$39,900
-10.5%
Current Estimated Value
$862,531

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$522,531
Avg. Annual Appreciation
18.09%
Original Mortgage
$255,000
Outstanding Balance
$228,263
Interest Rate
3.74%
Mortgage Type
New Conventional
Estimated Equity
$634,268

Purchase Details

Closed on
Jul 8, 2002
Sold by
Hill Mark B and Hill Laura J
Bought by
Rappe Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
6.79%

Purchase Details

Closed on
Apr 7, 2000
Sold by
Sj Financial Corp
Bought by
Hill Mark B and Hill Laura J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,250
Interest Rate
12.42%

Purchase Details

Closed on
May 28, 1999
Sold by
Holzer Nathan and Holzer Ann
Bought by
S J Financial Corp
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
Lane Kimberly $340,000 The Title Company Ltd
Rappe Anthony $225,000 The Title Company Of Jersey
Hill Mark B $135,000 Citizens Title Ins Agency In
S J Financial Corp $55,000 The Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lane Kimberly $255,000
Previous Owner Rappe Angelo A $40,000
Previous Owner Rappe Anthony $202,500
Previous Owner Hill Mark B $28,044
Previous Owner Hill Mark B $101,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2020 01/15/20 Sold $340,000 -10.5% --
10/08/2019 10/08/19 For Sale $379,900 -- --
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 $7,937 $290,400 $159,400 $131,000
2023 $7,469 $290,400 $159,400 $131,000
2022 $7,469 $290,400 $159,400 $131,000
2021 $7,516 $290,400 $159,400 $131,000
2020 $7,524 $290,400 $159,400 $131,000
2019 $7,507 $290,400 $159,400 $131,000
2018 $7,649 $290,400 $159,400 $131,000
2017 $7,690 $290,400 $159,400 $131,000
2016 $6,886 $315,000 $240,000 $75,000
2015 $6,823 $315,000 $240,000 $75,000
2014 $6,486 $315,000 $240,000 $75,000
Source: Public Records

Agents Affiliated with this Home

  • Robert Shamberg

    Seller's Agent in 2020

    Robert Shamberg

    BHHS DIVERSIFIED REALTY

    (609) 335-5711

    5 in this area

    244 Total Sales

    Section Image
  • Burton Wilkins

    Buyer's Agent in 2020

    Burton Wilkins

    GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

    (609) 513-2500

    3 in this area

    191 Total Sales

    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 529019

South Jersey Shore Regional MLS

APN: 22-00121-0000-00008

New Jersey Atlantic County Ventnor City 08406

7 N Newport Ave, Ventnor City, NJ

This home is located at 7 N Newport Ave, Ventnor City, NJ 08406 since 08 October 2019 and is currently estimated at $862,531. 7 N Newport Ave is a home located in Atlantic County with nearby schools including Ventnor Elementary School, Ventnor Middle School, and St. James Elementary School.

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