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623 Mediterranean Avenue

623 Mediterranean Avenue, Atlantic City, NJ 08401
Property in Bungalow Park
Sold Nov 12, 2020
$72,000
$12,000 by Atlantic City Housing Authorit
Mortgage Due Oct 25, 2030
623 Mediterranean 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 1991 and is 33 years old. The building has a total of 2 stories. In addition, 623 Mediterranean Avenue has 1,080 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 1,000 ft and across the front of the lot is 180 ft. The area measurement of the land has been determined as 1,799 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. The property was last sold in Oct 26, 2020 for $72,000. That's $66.67 per sqft. 623 Mediterranean Avenue was last assessed in 2023. The total value of the property was assessed at $80,400. Specifically, the land the property is located on was valued at $27,200. While improvements on the property were assessed at a total of $53,200. 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 $3,037. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 1991
  • Effective Year Built: 1991
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 1,799
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 180
  • Total Building Area: 1,080
  • Gross 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: 0.041
  • Standard Land Use Code: Single family residential
  • Legal Description 1: FACILITY NAME: PUBLIC HOUSING

Ownership

  • Current Owner : SAMANIEGO BRYAN
  • Previous Owner : HOUSING AUTHORITY & URBAN REDEVELOPMENT
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Atlantic City School District
  • Census Tract: 002300

Zoning

  • Zoning: R-3

Geography

  • Assessors Map Reference: TAX MAP 76
  • District: 02
  • Parcel: 02 00429-0000-00001- 02
  • Block: 429
  • Lot: 1.02
  • Municipality: ATLANTIC CITY
  • Latitude: 39.3697
  • Longitude: -74.4228

    Address

  • Full Address: 623 Mediterranean Ave
  • Address - House Number: 623
  • Address - Street Name: Mediterranean
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Atlantic City
  • Zip Code: 08401

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,037

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $12,000
  • First Open Lien Mortgage Lender: ATLANTIC CITY HOUSING AUTHORIT
  • First Open Lien Mortgage Recording Date: Nov 12, 2020
  • First Open Lien Mortgage Loan Amount: $12,000
  • First Open Lien Mortgage Term: 120
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Oct 25, 2030

    Market Valuation

  • Market Total Value: $80,400
  • Market Land Value: $27,200
  • Market Improvement Value: $53,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $80,400
  • Assessed Land Value: $27,200
  • Assessed Improvements Value: $53,200

    Sales

  • Current Sale Contract Date: Oct 26, 2020
  • Current Sale Recording Date: Nov 12, 2020
  • Current Sale Transaction ID: 11809777085
  • Current Sale Price: $72,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 2020058274

    Last Sale Mortgage

  • First Mortgage Lender: ATLANTIC CITY HOUSING AUTHORIT
  • First Mortgage Transaction Date: Nov 12, 2020
  • First Mortgage Loan Amount: $12,000
  • First Mortgage Terms: 120
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 25, 2030

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Frequently Asked Questions

What neighborhood is 623 Mediterranean Avenue located in?
The 623 Mediterranean Avenue is a located in the neighborhood of Bungalow Park in Uptown Atlantic City, Atlantic City.
What is the average sales price for listings in 623 Mediterranean Avenue?
The average sales price for units in 623 Mediterranean Avenue is $0 currently.

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