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242 North Pennsylvania Avenue

242 North Pennsylvania Avenue, Atlantic City, NJ 08401
House in Westside
Sold Jun 04, 2021
$112,000
$66,666 by Advisors Mortgage Group Llc
Mortgage Due May 01, 2051
Sold Sep 05, 2007
$200,000
242 North Pennsylvania Avenue has been categorized by the local assessors in Atlantic City, NJ as a residential type of property. The building on the property was first built in 2006 and is 18 years old. The building has a total of 2 stories. In addition, 242 North Pennsylvania Avenue has 1,466 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 945 ft and across the front of the lot is 235 ft. The area measurement of the land has been determined as 2,222 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 242 North Pennsylvania Avenue was last sold in Apr 26, 2021 for $112,000. According to our calculations, that's $76.40 per sqft. Prior to that sales transaction, the property was sold for $200,000 in Aug 24, 2007. Current property owners are expected to pay $2,538 in taxes per year. The property on 242 North Pennsylvania Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $67,200. To break that down further, the land itself was valued at $23,600. While improvements to the property were assessed at a total of $43,600. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,222
  • Lot Size Depth Feet: 945
  • Lot Size Frontage Feet: 235
  • Total Building Area: 1,466
  • Gross Building Area: 1,466
  • Building Area: 1,466
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,466
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.051
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ADDITIONAL LOTS: 10 YR 60% DEED RESTR

Ownership

  • Current Owner : FERNANDEZ EMILIANO J
  • Previous Owner : HOUSING AUTHORITY & URBAN REDEVELOPMENT
  • Owner Before Previous Owner: CAROLINA DEVELOPMENT GROUP LLC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Atlantic City School District
  • Census Tract: 001500

Geography

  • District: 02
  • Parcel: 02 00409- 03-00001- 03
  • Block: 409.03
  • Lot: 1.03
  • Municipality: ATLANTIC CITY
  • Latitude: 39.3674
  • Longitude: -74.4271

    Address

  • Full Address: 242 N Pennsylvania Ave
  • Address - House Number: 242
  • Street Direction: N
  • Address - Street Name: Pennsylvania
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Atlantic City
  • Carrier Code: C031
  • 4-Digit Zip Code: 4735
  • Zip Code: 08401

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,538

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $66,666
  • First Open Lien Mortgage Lender: ADVISORS MORTGAGE GROUP LLC
  • First Open Lien Mortgage Recording Date: Jun 04, 2021
  • First Open Lien Mortgage Loan Amount: $66,666
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: May 01, 2051

    Market Valuation

  • Market Total Value: $67,200
  • Market Land Value: $23,600
  • Market Improvement Value: $43,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $67,200
  • Assessed Land Value: $23,600
  • Assessed Improvements Value: $43,600

    Sales

  • Current Sale Contract Date: Apr 26, 2021
  • Current Sale Recording Date: Jun 04, 2021
  • Current Sale Transaction ID: 11841682586
  • Current Sale Price: $112,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021033657
  • Previous Sale Recording Date: Sep 05, 2007
  • Previous Sale Contract Date: Aug 24, 2007
  • Previous Sale Amount: $200,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: ADVISORS MORTGAGE GROUP LLC
  • First Mortgage Transaction Date: Jun 04, 2021
  • First Mortgage Loan Amount: $66,666
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: May 01, 2051

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Frequently Asked Questions

What neighborhood is 242 North Pennsylvania Avenue located in?
The 242 North Pennsylvania Avenue is a house located in the neighborhood of Westside in Westside, Atlantic City.
What is the average sales price for listings in 242 North Pennsylvania Avenue?
The average sales price for units in 242 North Pennsylvania Avenue is $0 currently.

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