Seller's Agent in 2024
Nicolas Gaspari
Soleil Sotheby's International Realty
(856) 885-3792
3 in this area
61 Total Sales
7 S Delancy Place Atlantic City, NJ 08401
Lower Chelsea NeighborhoodEstimated Value: $488,000 - $792,000
--
Bed
--
Bath
3,428
Sq Ft
$187/Sq Ft
Est. Value
Highlights
- 1 Car Attached Garage
- Multi-Tank Natural Gas Water Heater
- Hot Water Baseboard Heater
- More Than Two Accessible Exits
About This Home
As of April 2024This Southside Duplex in the desirable Lower Chelsea neighborhood is the one you've been waiting for! Just under two blocks from the beach and a stone's throw to many great restaurants, this home offers endless possibilities making it an ideal investment in a great location. Live in one unit and rent out the other, split units among family and enjoy all the shore lifestyle has to offer, or continue to keep the units fully rented as an investment. Currently fully leased with good, long term tenants and bringing in a total of $4,350 per month in rent. Inquire for full income, expenses, and lease expirations. Unit 1 has two (2) bedrooms and two (2) bathrooms with a basement apartment containing an additional two (2) bedrooms and two (2) bathrooms. The upper unit is two stories containing five (5) bedrooms and four (4) full bathrooms; this place is massive! Roof is in good condition. Separate gas powered boilers for the baseboard heat, one just installed a few years ago and the other recently serviced in good condition. Look around; this is the best buy on the market and will not last! Being sold as-is.
Last Agent to Sell the Property
(856) 885-3792 nickjgaspari@gmail.com Soleil Sotheby's International Realty Listed on: 09/23/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,607
Year Built
- Built in 1920
Lot Details
- 3,149 Sq Ft Lot
- Lot Dimensions are 42.00 x 75.00
Parking
- 1 Car Attached Garage
- 1 Driveway Space
- Basement Garage
- Front Facing Garage
- On-Street Parking
Home Design
- 3,428 Sq Ft Home
- Duplex
- Brick Exterior Construction
- Brick Foundation
- Vinyl Siding
Accessible Home Design
- More Than Two Accessible Exits
Schools
- Richmond Avenue Elementary And Middle School
Utilities
- Window Unit Cooling System
- Hot Water Baseboard Heater
- Multi-Tank Natural Gas Water Heater
Listing and Financial Details
- Tax Lot 00022
- Assessor Parcel Number 02-00204-00022
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 23, 2023
Closed on
Apr 26, 2024
Sold by
Fagerstrom Douglas and Fagerstrom David
Bought by
Jaca-7 South Delancey Llc and Moma-7 South Delancey Llc
Seller's Agent
Nicolas Gaspari
Soleil Sotheby's International Realty
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$499,000
Sold Price
$475,000
Premium/Discount to List
-$24,000
-4.81%
Views
329
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$167,249
Avg. Annual Appreciation
22.28%
Purchase Details
Closed on
Jul 12, 2021
Sold by
Chowdhury Mohammed W
Bought by
Fagerstrom Douglas and Fagerstrom David
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,250
Interest Rate
2.9%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 7, 2017
Sold by
Bhutta Omar
Bought by
Chowdhury Mohammed W
Purchase Details
Closed on
Jun 26, 2001
Sold by
Cohen Ronald and Fierman Ronald
Bought by
Bhutta Omar
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
7.18%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Jaca-7 South Delancey Llc | $475,000 | Trident Land Transfer | |
| Fagerstrom Douglas | $339,900 | Surety Title Company | |
| Chowdhury Mohammed W | $115,000 | Cape Atlantic Title Agency L | |
| Bhutta Omar | $117,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Fagerstrom Douglas | $254,250 | |
| Previous Owner | Bhutta Omar | $96,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/26/2024 04/26/24 | Sold | $475,000 | -4.8% | $139 / Sq Ft |
| 03/20/2024 03/20/24 | Pending | -- | -- | -- |
| 09/23/2023 09/23/23 | For Sale | $499,000 | -- | $146 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $9,303 | $269,500 | $65,200 | $204,300 |
| 2024 | $9,303 | $269,500 | $65,200 | $204,300 |
| 2023 | $10,179 | $269,500 | $65,200 | $204,300 |
| 2022 | $10,179 | $269,500 | $65,200 | $204,300 |
| 2021 | $7,954 | $203,900 | $65,200 | $138,700 |
| 2020 | $8,021 | $203,900 | $65,200 | $138,700 |
| 2019 | $6,972 | $175,000 | $55,000 | $120,000 |
| 2018 | $8,126 | $230,000 | $65,000 | $165,000 |
| 2017 | $7,868 | $230,000 | $65,000 | $165,000 |
| 2016 | $15,440 | $400,000 | $234,700 | $165,300 |
| 2015 | $13,688 | $400,000 | $234,700 | $165,300 |
| 2014 | $13,392 | $400,000 | $234,700 | $165,300 |
Source: Public Records
Agents Affiliated with this Home
-
Nicolas Gaspari
-
datacorrect BrightMLS
d
Buyer's Agent in 2024
datacorrect BrightMLS
Non Subscribing Office
Map
Source: Bright MLS
MLS Number: NJAC2009806
APN: 02-00204-0000-00022
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