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402 Madison Avenue

402 Madison Avenue, Atlantic City, NJ 08401
Property in North Inlet
Sold Jan 04, 2022
$126,000
$100,800 by Bpl Mortgage Trust Llc
Mortgage Due Dec 01, 2051
Sold Jul 30, 2007
$128,000
$50,668 by Atlantic Coast Mortgage Servic
Mortgage Due Aug 01, 2037
Local assessors in Atlantic City, NJ have categorized 402 Madison Avenue as a residential type of property. The home was built in 2006 and is 18 years old. The property's lot size has been calculated to be 1,241 square feet. The linear feet between the front and back of the lot was measured at 670 ft and the front of the lot was measured at 185 ft. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 402 Madison Avenue has a total of 1,080 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. The property was last sold in Nov 23, 2021 for $126,000. That's $116.67 per sqft. Prior to that sales transaction, the property was also sold in Jul 20, 2007 for $128,000. 402 Madison Avenue was last assessed in 2023. The total value of the property was assessed at $119,000. Specifically, the land the property is located on was valued at $34,600. While improvements on the property were assessed at a total of $84,400. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $4,495. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. 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
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 1,241
  • Lot Size Depth Feet: 670
  • Lot Size Frontage Feet: 185
  • Total Building Area: 1,080
  • Building Area: 1,080
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,080
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.029
  • Standard Land Use Code: Single family residential
  • Legal Description 1: FACILITY NAME: 10YR 40% DEED RESRIC

Ownership

  • Current Owner : HD ATLANTIC PROPERTIES LLC
  • Previous Owner : PINKNEY TELIA E
  • Previous Owner 2: PINKNEY JAMES E
  • Owner Before Previous Owner: HOUSING AUTHORITY & URBAN REDEVELOPMENT
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Atlantic City School District
  • Census Tract: 002500

Zoning

  • Zoning: NEIR

Geography

  • Assessors Map Reference: TAX MAP 22
  • District: 02
  • Parcel: 02 00117-0000-00005- 03
  • Block: 117
  • Lot: 5.03
  • Municipality: ATLANTIC CITY
  • Latitude: 39.3698
  • Longitude: -74.4175

    Address

  • Full Address: 402 Madison Ave
  • Address - House Number: 402
  • Address - Street Name: Madison
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Atlantic City
  • Carrier Code: C003
  • 4-Digit Zip Code: 5419
  • Zip Code: 08401

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,495

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $100,800
  • First Open Lien Mortgage Lender: BPL MORTGAGE TRUST LLC
  • First Open Lien Mortgage Recording Date: Jan 04, 2022
  • First Open Lien Mortgage Loan Amount: $100,800
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2051

    Market Valuation

  • Market Total Value: $119,000
  • Market Land Value: $34,600
  • Market Improvement Value: $84,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $119,000
  • Assessed Land Value: $34,600
  • Assessed Improvements Value: $84,400

    Sales

  • Current Sale Contract Date: Nov 23, 2021
  • Current Sale Recording Date: Jan 04, 2022
  • Current Sale Transaction ID: 11879193997
  • Current Sale Price: $126,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 68
  • Previous Sale Recording Date: Jul 30, 2007
  • Previous Sale Contract Date: Jul 20, 2007
  • Previous Sale Amount: $128,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: BPL MORTGAGE TRUST LLC
  • First Mortgage Transaction Date: Jan 04, 2022
  • First Mortgage Loan Amount: $100,800
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: ATLANTIC COAST MORTGAGE SERVIC
  • Previous Mortgage Transaction Date: Jul 30, 2007
  • Previous Mortgage Loan Amount: $50,668
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Aug 01, 2037

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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 402 Madison Avenue located in?
The 402 Madison Avenue is a located in the neighborhood of North Inlet in Uptown Atlantic City, Atlantic City.
What is the average sales price for listings in 402 Madison Avenue?
The average sales price for units in 402 Madison Avenue is $0 currently.

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