NOT LISTED FOR SALE

The Ritz 2721 Boardwalk Unit 1019 Atlantic City, NJ 08401

Chelsea Neighborhood

Estimated Value: $111,000 - $130,000

-- Bed
1 Bath
-- Sq Ft
392 Sq Ft Lot

Last Sold April 25, 2024

Last sale price $100,000

Est. 20% increase in value since last sale

Current estimated payment $835/month

13 Days on Market

Highlights

  • Ocean Front
  • Sauna
  • Elevator
  • Building is beachfront but unit may not have water views
  • Community Pool
  • Outdoor Community Showers

About This Home

As of April 2024

Oceanfront complex along the beach and boardwalk. Spacious studio with expansive ocean and boardwalk views from the window. Indoor pool and gym.

Last Agent to Sell the Property

Colleen Bell

RE/MAX COASTAL License #0675228 Listed on: 03/13/2024

RE/MAX COASTAL

Last Buyer's Agent

Fatemeh Mohseni

BALSLEY/LOSCO License #2078136

BALSLEY/LOSCO

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,061

Lot Details

  • Building is beachfront but unit may not have water views
  • Ocean Front

Home Design

  • Brick Exterior Construction
  • Stucco

Utilities

  • Air Conditioning
  • Cooling System Mounted In Outer Wall Opening
  • Heat Pump System
  • Cable TV Available

Additional Features

  • Water Views
  • 1 Full Bathroom

Community Details

Overview

  • Association fees include amenities, electric, insurance, maintenance, management, sewer, trash, water, hot water, air conditioning, heat, pool
  • Ritz Condos
  • 11-Story Property

Amenities

  • Sauna
  • Courtesy Bus
  • Laundry Facilities
  • Elevator

Recreation

  • Community Boardwalk
  • Outdoor Community Showers
  • Community Pool

Pet Policy

  • Pets Allowed
  • Pet Restriction

Security

  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,061

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Lvt Date: 03/13/2024
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Eleven Or More
  • Unit Location: Water View
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Full Bathrooms: 1
  • Common Area Features: Bus Service, Cable Tv, Elevator, Laundromat On Site, Outside Shower, Pool, Sauna, Security

Exterior Features

  • Siding Exterior: Brick, Stucco

Utilities

  • Air Conditioner: Electric, Wall Units
  • Heating: Heat Pump
  • Sewer: Public Sewer
  • Water: Public Water

Condo/Co-op/Association

  • HOA Includes: Amenities, Electric, Insurance, Maintenance, Management, Sewer, Trash, Water, Hot Water, Air Conditioning, Heat, Pool
  • Condo Name: Ritz
  • Management: Association, On-Site Professionals

Lot Info

  • Location: Beach Block, Boardwalk Front, Ocean Front, Boardwalk Area, Water View

Rental Info

  • Pets: Yes W/Restrictions

Multi Family

  • Unit Features: Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2024
Closed on
May 6, 2024
Sold by
Hensley Frederick Spencer and Maguire Michelle D
Bought by
Molina Edwin and Molina Marisol
Seller's Agent
Colleen Bell
RE/MAX COASTAL
Buyer's Agent
Fatemeh Mohseni
BALSLEY/LOSCO
List Price
$100,000
Sold Price
$100,000
Views
90
Current Estimated Value
$120,027

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,027
Avg. Annual Appreciation
16.43%

Purchase Details

Listed on
Feb 10, 2020
Closed on
Jul 22, 2020
Sold by
Koren Ilan and Koren Orly
Bought by
Hensley Frederick Spencer
Seller's Agent
Carol Hartman
BOARDWALK REALTY
Buyer's Agent
Linda Magarick
BHHS FOX and ROACH-Margate
List Price
$64,900
Sold Price
$65,000
Premium/Discount to List
$100
0.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.14%

Purchase Details

Closed on
May 8, 2009
Sold by
Saffares Terri J and Hartman Carol
Bought by
Koren Ilan and Koren Orly

Purchase Details

Closed on
Mar 20, 2003
Sold by
Latz Susan L and Saffares Terri J
Bought by
Saffares Terri J

Purchase Details

Closed on
Jun 27, 2002
Sold by
Latz Susan L and Saffares Terri J
Bought by
Saffares Terri J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,325
Interest Rate
6.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 10, 2000
Sold by
Oshea George and Oshea Loretta V
Bought by
Latz Susan L and Saffares Terri J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$33,300
Interest Rate
8.5%
Mortgage Type
Purchase Money Mortgage
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
Molina Edwin $100,000 Agents Title
Hensley Frederick Spencer $65,000 Trident Land Transfer
Koren Ilan $100,000 Commonwealth Land Title Insu
Saffares Terri J -- --
Saffares Terri J -- Fidelity National Title
Latz Susan L $37,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Saffares Terri J $27,325
Previous Owner Latz Susan L $33,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2024 04/25/24 Sold $100,000 0.0% --
03/26/2024 03/26/24 Pending -- -- --
03/13/2024 03/13/24 For Sale $100,000 +53.8% --
07/24/2020 07/24/20 Sold $65,000 +0.2% --
07/07/2020 07/07/20 Pending -- -- --
02/10/2020 02/10/20 For Sale $64,900 -- --
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 $2,061 $59,700 $25,000 $34,700
2023 $2,255 $59,700 $25,000 $34,700
2022 $2,255 $59,700 $25,000 $34,700
2021 $2,329 $59,700 $25,000 $34,700
2020 $2,349 $59,700 $25,000 $34,700
2019 $2,072 $52,000 $26,000 $26,000
2018 $1,837 $52,000 $26,000 $26,000
2017 $2,395 $70,000 $35,000 $35,000
2016 $2,702 $70,000 $35,000 $35,000
2015 $2,395 $70,000 $35,000 $35,000
2014 $3,515 $105,000 $60,000 $45,000
Source: Public Records

Agents Affiliated with this Home

  • Colleen Bell

    Seller's Agent in 2024

    Colleen Bell

    RE/MAX

    (609) 204-2935

    2 in this area

    189 Total Sales

    Colleen Bell
    Section Image
  • Fatemeh Mohseni

    Buyer's Agent in 2024

    Fatemeh Mohseni

    BALSLEY/LOSCO

    (609) 437-6760

    17 in this area

    49 Total Sales

    Fatemeh Mohseni
    Section Image

  • C

    Seller's Agent in 2020

    Carol Hartman

    BOARDWALK REALTY

    (609) 345-3101

    17 in this area

    20 Total Sales

    Carol Hartman
    Section Image
  • Linda Magarick

    Buyer's Agent in 2020

    Linda Magarick

    BHHS Fox & Roach

    (609) 226-3775

    52 in this area

    60 Total Sales

    Linda Magarick
    Section Image
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About The Ritz

Map

Source: South Jersey Shore Regional MLS

MLS Number: 583130

South Jersey Shore Regional MLS

APN: 02-00031-0000-00002-0000-C1019

New Jersey Atlantic County Atlantic City 08401 Chelsea

2721 Boardwalk Unit 1019, Atlantic City, NJ

This home is located at 2721 Boardwalk Unit 1019, Atlantic City, NJ 08401 since 13 March 2024 and is currently estimated at $120,027. 2721 Boardwalk Unit 1019 is a home located in Atlantic County with nearby schools including Brighton Avenue School, Atlantic City High School, and Our Lady Star of the Sea Regional School.

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