NOT LISTED FOR SALE

7 N Sovereign Ave Atlantic City, NJ 08401

Chelsea Neighborhood

Estimated Value: $661,000

0.07 Acre
$9,442,857 Price per Acre
3,049 Sq Ft Lot

Last Sold July 31, 2017

Last sale price $7,450 $4 Per Sq Ft

Est. 8,772% increase in value since last sale

Current estimated payment $3,729/month

282 Days on Market

About This Lot

As of July 2017

Vacant land close to the casinos, beach and boardwalk. This property is now under auction terms. All offers should be submitted through www.Auction.com. This property is subject to a 5% buyer’s premium pursuant to the Auction Terms & Conditions (minimums may apply). All auction assets will be sold subject to seller approval.

Last Agent to Sell the Property

Dan Boddy

CENTURY 21 FRICK REALTORS License #SP-9485668 Listed on: 03/27/2016

CENTURY 21 FRICK REALTORS

Last Buyer's Agent

Dan Boddy

CENTURY 21 FRICK REALTORS License #SP-9485668 Listed on: 03/27/2016

CENTURY 21 FRICK REALTORS

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,319

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 33x100
  • Level Lot
  • Cleared Lot

Property Details

Property Type

Land

Est. Annual Taxes

$1,319

Lot Details

0

Listing Details

  • Class: Lots/Land
  • Type: 1 To 6,000 Sqft
  • Lvt Date: 03/27/2016
  • Special Features: 1092
  • Property Sub Type: LotsLands

Exterior Features

  • Road Frontage: Town

Utilities

  • Utilities Available: Electric, Sewer, Water

Lot Info

  • Lot Dimensions: 33x100
  • Number Of Acres: 0.07
  • Improvements: Sidewalks
  • Number Of Lots: One
  • Topography: Cleared, Level

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2016
Closed on
Jun 22, 2017
Sold by
The Bank Of New York Mellon
Bought by
Gaffiney Chaser Patick
Seller's Agent
Dan Boddy
CENTURY 21 FRICK REALTORS
Buyer's Agent
Dan Boddy
CENTURY 21 FRICK REALTORS
List Price
$7,450
Sold Price
$7,450
Current Estimated Value
$661,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$653,550
Avg. Annual Appreciation
45.63%

Purchase Details

Closed on
Feb 2, 2016
Sold by
Howlader Mohammed A and Alamgir Mohammed
Bought by
The Bank Of New York Mellon and Cwalt Inc

Purchase Details

Closed on
Dec 7, 2012
Sold by
Alamgir Mohammed
Bought by
Howlader Mohammed A

Purchase Details

Closed on
Jun 19, 2006
Sold by
Shaha Moni
Bought by
Alamgir Mohammed and Howlader Mohammed

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,500
Interest Rate
6.59%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 14, 2004
Sold by
Arriola Delfino
Bought by
Alamgir Mohammed and Howlader Mohammed

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
6.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 3, 2004
Sold by
Jacocks James A
Bought by
Arriola Delfino and Galindo Albino

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
7.86%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 16, 1999
Sold by
Petit Shirley A
Bought by
Jacocks James A
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
Gaffiney Chaser Patick $7,450 Fortune Title Agency Inc
The Bank Of New York Mellon $1,000 None Available
Howlader Mohammed A -- Fidelity National Title Ins
Alamgir Mohammed -- --
Alamgir Mohammed $320,000 --
Alamgir Mohammed $320,000 --
Alamgir Mohammed $320,000 --
Arriola Delfino $250,000 Independence Abstract & Titl
Jacocks James A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Alamgir Mohammed $280,500
Previous Owner Alamgir Mohammed $272,000
Previous Owner Arriola Delfino $225,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2017 07/31/17 Sold $7,450 0.0% $4 / Sq Ft
01/03/2017 01/03/17 Pending -- -- --
03/27/2016 03/27/16 For Sale $7,450 -- $4 / 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
2024 $1,319 $38,200 $38,200 $0
2023 $1,443 $38,200 $38,200 $0
2022 $1,443 $38,200 $38,200 $0
2021 $1,490 $38,200 $38,200 $0
2020 $1,503 $38,200 $38,200 $0
2019 $1,972 $49,500 $49,500 $0
2018 $1,749 $49,500 $49,500 $0
2017 $6,842 $200,000 $200,000 $0
2016 $7,720 $200,000 $200,000 $0
2015 $10,266 $300,000 $200,000 $100,000
2014 $10,044 $300,000 $200,000 $100,000
Source: Public Records

Agents Affiliated with this Home

  • Dan Boddy

    Seller's Agent in 2017

    Dan Boddy

    CENTURY 21 FRICK REALTORS

    (609) 703-6666

    2 in this area

    205 Total Sales

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 465248

South Jersey Shore Regional MLS

APN: 02-00263-0000-00023

New Jersey Atlantic County Atlantic City 08401 Chelsea

7 N Sovereign Ave, Atlantic City, NJ

This home is located at 7 N Sovereign Ave, Atlantic City, NJ 08401 since 27 March 2016 and is currently estimated at $661,000, approximately $350 per square foot. 7 N Sovereign 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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