NOT LISTED FOR SALE

713 N Michigan Ave Atlantic City, NJ 08401

Monroe Park Neighborhood

Estimated Value: $222,692 - $241,000

-- Bed
-- Bath
1,568 Sq Ft
$147/Sq Ft Est. Value

Last Sold May 11, 2018

Last sale price $42,200 $27 Per Sq Ft

Est. 445% increase in value since last sale

Current estimated payment $1,561/month

28 Days on Market

Highlights

  • Patio
  • Baseboard Heating
  • Wood Siding

About This Home

As of May 2018

Duplex on the Westside. 1st floor unit and 2nd floor units. Needs TLC. Being sold as is. Buyer responsible for all munisipal cert at buyers expense. Perfect for an investor! Great income potential. Subject to a first look period for the first 21 days on the market. Seller can only accept owner occupant offers. Investor offer will be reviewed after April 11 2018. Realtors: see agent remarks section for offer submission guidelines

Last Agent to Sell the Property

Alan Korik

FARLEY and FERRY REALTY, INC Listed on: 03/21/2018

Last Buyer's Agent

Gerard Barker

WEICHERT REALTORS ASBURY GROUP-AC

WEICHERT REALTORS ASBURY GROUP-AC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,704

Year Built

  • Built in 1900

Lot Details

  • 1,394

Home Design

  • Duplex
  • Brick Exterior Construction
  • Wood Siding

Additional Features

  • Crawl Space
  • Patio
  • Lot Dimensions are 16 x 90
  • Baseboard Heating

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,704

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Duplex
  • Lvt Date: 03/21/2018
  • Year Built: 1900
  • Age: 25+ Years
  • Allow Comsumer Comment: No
  • Special Features: 1028
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space

Exterior Features

  • Outside Features: Curbs, Patio
  • Siding Exterior: Brick, Wood

Utilities

  • Heating: Baseboard
  • Sewer: Public Sewer
  • Water: Public

Lot Info

  • Lot Dimensions: 16 x 90

Multi Family

  • Number Of Units: 2
  • Number Of2 Bedroom Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2018
Closed on
Apr 19, 2018
Sold by
Us Bank National Association
Bought by
Mi 713 Llc
Seller's Agent
Alan Korik
FARLEY and FERRY REALTY, INC
Buyer's Agent
Gerard Barker
WEICHERT REALTORS ASBURY GROUP-AC
List Price
$39,900
Sold Price
$42,200
Premium/Discount to List
$2,300
5.76%
Current Estimated Value
$229,897

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$187,697
Avg. Annual Appreciation
26.14%
Original Mortgage
$45,000
Interest Rate
14%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Feb 14, 2018
Sold by
Matta Hilda
Bought by
Prof 2013 S3 Legal Title Trusts and Us Bank Na

Purchase Details

Closed on
Dec 15, 1999
Sold by
Matta Robles Isaac
Bought by
Matta Hilda

Purchase Details

Closed on
Jun 14, 1999
Sold by
Troutman William
Bought by
Matta Robles Isaac

Purchase Details

Closed on
Jul 23, 1998
Sold by
Troutman William and Estate Of Francis Akins
Bought by
Troutman William
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
Mi 713 Llc $42,200 Infinity Title Ag
Prof 2013 S3 Legal Title Trusts $1,000 None Available
Matta Hilda $5,000 --
Matta Robles Isaac -- --
Troutman William -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mi 713 Llc $45,000
Previous Owner Matta Hilda $206,000
Previous Owner Matta Hilda $116,800
Previous Owner Troutman William $6,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/11/2018 05/11/18 Sold $42,200 +5.8% $27 / Sq Ft
04/18/2018 04/18/18 Pending -- -- --
03/21/2018 03/21/18 For Sale $39,900 -- $25 / 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
2025 $3,704 $107,300 $20,800 $86,500
2024 $3,704 $107,300 $20,800 $86,500
2023 $4,053 $107,300 $20,800 $86,500
2022 $4,053 $107,300 $20,800 $86,500
2021 $4,186 $107,300 $20,800 $86,500
2020 $4,221 $107,300 $20,800 $86,500
2019 $8,107 $203,500 $104,800 $98,700
2018 $7,190 $203,500 $104,800 $98,700
2017 $6,962 $203,500 $104,800 $98,700
2016 $7,855 $203,500 $104,800 $98,700
2015 $6,964 $203,500 $104,800 $98,700
2014 $6,813 $203,500 $104,800 $98,700
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2018

    Alan Korik

    FARLEY and FERRY REALTY, INC

    (609) 412-2913

    18 Total Sales

    Alan Korik
    Section Image
  • Gerard Barker

    Buyer's Agent in 2018

    Gerard Barker

    Weichert Corporate

    (609) 481-7745

    41 in this area

    227 Total Sales

    Gerard Barker
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 502677

South Jersey Shore Regional MLS

APN: 02-00491-0000-00005

New Jersey Atlantic County Atlantic City 08401 Monroe Park

713 N Michigan Ave, Atlantic City, NJ

This home is located at 713 N Michigan Ave, Atlantic City, NJ 08401 since 21 March 2018 and is currently estimated at $229,897, approximately $146 per square foot. This property was built in 1900. 713 N Michigan Ave is a home located in Atlantic County with nearby schools including New York Avenue School, Atlantic City High School, and Our Lady Star of the Sea Regional School.

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