NOT LISTED FOR SALE

Estimated Value: $138,220 - $185,000

Studio
1 Bath
-- Sq Ft
41,251 Sq Ft Lot

Sale Details

Date Sold: September 13, 2021

Last sale price $83,000

Est. 93% increase in value since last sale

Current estimated payment $1,112 / mo

62 Days on Market

Highlights

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

About This Home

As of September 2021

OCEANFRONT STUDIO LOOKING OVER THE FAMOUS AC BOARDWALK!! Beautiful, direct ocean, beach and casino views from your large picture windows won't get old to wake up to in the morning! This well-maintained unit is the perfect beach getaway or investment property. This full service building features a popular rental program, 24 hour security, boardwalk location, gym, pool, sauna & more. This is the most desirable location in the building on the 17th floor and great for an Air BnB opportunity. If you're looking for your next Atlantic City buy, this is it!! Call today for more info!

Last Agent to Sell the Property

Paula Hartman

BHHS FOX and ROACH-Margate Listed on: 06/08/2021

BHHS FOX and ROACH-Margate

Co-Listed By

Todd Gordon

BHHS FOX and ROACH-Margate III

Last Buyer's Agent

Silvette Rivera

WEICHERT REALTORS ASBURY GROUP-AC

WEICHERT REALTORS ASBURY GROUP-AC

Property Details

Home Type

  • Condominium

Lot Details

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

Parking

  • 1 Car Garage

Property Views

  • Pool

Home Design

  • Brick Exterior Construction
  • Concrete Siding

Bedrooms and Bathrooms

  • 1 Full Bathroom

Utilities

  • Heat Pump System
  • Electric Water Heater

Community Details

Overview

  • Association fees include amenities, insurance, maintenance, management, sewer, trash, water, cable, pool
  • Atlantic Palace Condos
  • 11-Story Property

Amenities

  • Sauna
  • Laundry Facilities
  • Elevator

Recreation

  • Community Boardwalk
  • Community Pool
  • Community Whirlpool Spa

Pet Policy

  • No Pets Allowed

Security

  • Security Service

Property Details

Home Type

Condominium

Lot Details

0.95 Acres

Listing Details

  • Class: Condominium
  • Type: Condo
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Eleven Or More
  • Unit Location: Pool View, Water View
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Full Bathrooms: 1
  • Common Area Features: Elevator, Laundromat On Site, Pool, Sauna, Security, Whirlpool/Spa

Exterior Features

  • Siding Exterior: Brick, Concrete

Garage/Parking

  • Garage: One Car
  • Parking Exterior: One Car

Utilities

  • Heating: Heat Pump
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA Includes: Amenities, Insurance, Maintenance, Management, Sewer, Trash, Water, Cable, Pool
  • Condo Name: Atlantic Palace
  • Management: Association, On-Site Professionals

Lot Info

  • Location: Beach Block, Boardwalk Front, Bulkheaded, Ocean Front

Rental Info

  • Pets: No Pets Allowed

Multi Family

  • Unit Features: Master Bath

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2021
Closed on
Sep 10, 2021
Sold by
Cho Paul K and Cho Grace C
Bought by
Coleman Guy A and Coleman Manee
Seller's Agent
Paula Hartman
BHHS FOX and ROACH-Margate
Buyer's Agent
Silvette Rivera
WEICHERT REALTORS ASBURY GROUP-AC
List Price
$85,000
Sold Price
$83,000
Premium/Discount to List
-$2,000
-2.35%
Current Estimated Value
$159,805

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,805
Avg. Annual Appreciation
15.38%

Purchase Details

Closed on
May 16, 1987
Bought by
Cho Paul K and Cho Grace C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Coleman Guy A $83,000 Title Company Of Jersey
Cho Paul K $162,900 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/13/2021 09/13/21 Sold $83,000 -2.4% --
08/09/2021 08/09/21 Pending -- -- --
06/08/2021 06/08/21 For Sale $85,000 -- --
Source: South Jersey Shore Regional MLS

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 $3,107 $90,000 $55,000 $35,000
2024 $3,107 $90,000 $55,000 $35,000
2023 $3,399 $90,000 $55,000 $35,000
2022 $3,399 $90,000 $55,000 $35,000
2021 $3,511 $90,000 $55,000 $35,000
2020 $4,426 $112,500 $55,000 $57,500
2019 $2,462 $61,800 $30,900 $30,900
2018 $2,183 $61,800 $30,900 $30,900
2017 $2,114 $61,800 $30,900 $30,900
2016 $4,373 $113,300 $56,650 $56,650
2015 $3,877 $113,300 $56,650 $56,650
2014 $3,793 $113,300 $56,650 $56,650
Source: Public Records

Agents Affiliated with this Home

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Source: South Jersey Shore Regional MLS

MLS Number: 551654

South Jersey Shore Regional MLS

APN: 02-00050-0000-00031-0000-C1706

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