Sold491d on market
122 N Melbourne Ave
Ventnor, NJ, 08406 • 08406 • Atlantic County
$585,000
2Beds
3Baths
0.07 acLot
1940Built
Property DNA
Character Home
Built 1940 · 86 years of history
1-Car Garage
Garage
Market activity
Demand and pricing signals for this listing
17 views
People checking out this listing
491 days on market
Established listing
About this home
Multi Family · Built 1940
Reduced $45,000! Rarely available legal duplex on large corner lot on one of the best streets in Ventnor. The property features an updated 1 bedroom, 1.5 bathroom unit on the first floor (big enough to be easily converted to a 2 bedroom) and a 1 bedroom, 1 bathroom unit upstairs. This 38x76 lot has flexibility to be maintained as a rental property, use one unit and off set costs by renting one unit, converting to single family or tearing down to replace with single family or two units! Downstairs lease $1,430 per month (+$50/mo for gas); upstairs lease $1,098 per month; both able to be canceled with a sale and 60 day notice.
Estimated monthly payment
Based on current rates
$3,623/month
Principal & Interest$2,843
Property Tax$585
Insurance$195
Down payment20% ($117,000)
3%50%
Est. 6.12% rate · 30yr fixed · $468,000 loan
Full calculator →At a glance
Key facts and listing details
TypeDuplex
Year Built1940
HeatingNatural Gas, Hot Water, Multi-Zoned, Radiant
CoolingCeiling Fan(s), Window Unit(s)
Parking1 Garage space
Property
Home typeMulti Family
Sub-typeDuplex
Year built1940
Systems
HeatingNatural Gas, Hot Water, Multi-Zoned, Radiant
CoolingCeiling Fan(s), Window Unit(s)
Water / SewerPublic / Public Sewer
Parking & Outdoor
ParkingGarage
Garage1 spaces
BasementCrawl Space
Lot2,888 sqft
Location & Tax
Neighborhood08406
Annual tax$6,680
Parcel2200188000000016
Features & details
4 categories of property features
Interior Features
Heating
Natural Gas
Hot Water
Multi-Zoned
Radiant
Cooling
Ceiling Fan(s)
Window Unit(s)
Exterior Features
Parking
Garage
Lot Features
Corner Lot
Listing insights
Market data and value estimates
StatusSold
Days on market491
Est. value$644,300
Est. rent$4,385/mo
Tax rate1.98%
On marketAug 8, 2024
PostedAug 8, 2024
Last sold$585,000
MLS updatedDec 11, 2024
Tour days6
Views17
How are the schools in Ventnor?
2 schools rated nearby
Location
Ventnor, NJ, 08406
Price history
30 events
DateEventPrice$/sqftSource
Dec 9, 2024Sold$585,000—SJSRMLS
Aug 23, 2024Pending Sale$650,000—SJSRMLS
Aug 8, 2024Price Change$650,000—SJSRMLS
Jun 24, 2024Listed For Sale$695,000—SJSRMLS
Apr 14, 2020Listing Removed$1,250—Margate
Mar 28, 2020Listed For Rent$1,250—Margate
Sep 26, 2018Listing Removed$1,400—BHHS FOX and ROACH-Margate
Aug 22, 2018Price Change$1,400—BHHS FOX and ROACH-Margate
Jul 1, 2018Price Change$975—BHHS FOX and ROACH-Margate
May 7, 2018Price Change$1,350—BHHS FOX and ROACH-Margate
May 2, 2018Listed For Rent$975—BHHS FOX and ROACH-Margate
Jan 10, 2018Listing Removed$1,400—BHHS FOX and ROACH-Margate
Nov 13, 2017Listed For Rent$1,400—BHHS FOX and ROACH-Margate
Dec 9, 2016Listing Removed$975—Owner
Jun 4, 2016Listing Removed$10,000—BHHS FOX and ROACH-Margate
Feb 13, 2016Listed For Rent$10,000—BHHS FOX and ROACH-Margate
Mar 16, 2015Listing Removed$239,000—BHHS FOX and ROACH-Margate
Mar 16, 2015Pending Sale$239,000—BHHS FOX and ROACH-Margate
Mar 13, 2015Listed For Sale$239,000—BHHS FOX and ROACH-Margate
Jul 11, 2014Listing Removed$850—BHHS FOX and ROACH-Margate
Jun 14, 2014Price Change$850—BHHS
May 13, 2014Price Change$6,000—BHHS
Apr 17, 2014Price Change$7,500—BHHS
Feb 4, 2014Listed For Rent$1,200—PRUDENTIAL FOX and ROACH-144H
Jan 8, 2014Listing Removed$239,000—BHHS FOX and ROACH-Margate
Nov 12, 2013Listing Removed$1,300—PRUDENTIAL FOX and ROACH-144H
Nov 7, 2013Sold$212,500—Public Record
May 6, 2004Sold$305,000—Public Record
May 21, 2002Sold$167,000—Public Record
Jul 13, 2001Sold$119,000—Public Record
Sold$585,000
Dec 9, 2024•SJSRMLS
Pending Sale$650,000
Aug 23, 2024•SJSRMLS
Price Change$650,000
Aug 8, 2024•SJSRMLS
Listed For Sale$695,000
Jun 24, 2024•SJSRMLS
Listing Removed$1,250
Apr 14, 2020•Margate
Listed For Rent$1,250
Mar 28, 2020•Margate
Listing Removed$1,400
Sep 26, 2018•BHHS FOX and ROACH-Margate
Price Change$1,400
Aug 22, 2018•BHHS FOX and ROACH-Margate
Price Change$975
Jul 1, 2018•BHHS FOX and ROACH-Margate
Price Change$1,350
May 7, 2018•BHHS FOX and ROACH-Margate
Listed For Rent$975
May 2, 2018•BHHS FOX and ROACH-Margate
Listing Removed$1,400
Jan 10, 2018•BHHS FOX and ROACH-Margate
Listed For Rent$1,400
Nov 13, 2017•BHHS FOX and ROACH-Margate
Listing Removed$975
Dec 9, 2016•Owner
Listing Removed$10,000
Jun 4, 2016•BHHS FOX and ROACH-Margate
Listed For Rent$10,000
Feb 13, 2016•BHHS FOX and ROACH-Margate
Listing Removed$239,000
Mar 16, 2015•BHHS FOX and ROACH-Margate
Pending Sale$239,000
Mar 16, 2015•BHHS FOX and ROACH-Margate
Listed For Sale$239,000
Mar 13, 2015•BHHS FOX and ROACH-Margate
Listing Removed$850
Jul 11, 2014•BHHS FOX and ROACH-Margate
Price Change$850
Jun 14, 2014•BHHS
Price Change$6,000
May 13, 2014•BHHS
Price Change$7,500
Apr 17, 2014•BHHS
Listed For Rent$1,200
Feb 4, 2014•PRUDENTIAL FOX and ROACH-144H
Listing Removed$239,000
Jan 8, 2014•BHHS FOX and ROACH-Margate
Listing Removed$1,300
Nov 12, 2013•PRUDENTIAL FOX and ROACH-144H
Sold$212,500
Nov 7, 2013•Public Record
Sold$305,000
May 6, 2004•Public Record
Sold$167,000
May 21, 2002•Public Record
Sold$119,000
Jul 13, 2001•Public Record
Tax history
25 years of records
YearTax paidAssessed value
Apr 15, 2025$6,696$245,000
Apr 15, 2024$6,679$244,400
Apr 15, 2023$6,503$244,400
Apr 15, 2022$6,325$244,400
Apr 15, 2021$6,332$244,400
Apr 15, 2020$6,318$244,400
Apr 15, 2019$6,438$244,400
Apr 15, 2018$6,438$244,400
Apr 15, 2017$5,771$244,400
Apr 15, 2016$5,718$264,000
Apr 15, 2015$7,764$264,000
Apr 15, 2014$7,501$377,100
Apr 15, 2013$7,089$377,100
Apr 15, 2012$6,912$377,100
Apr 15, 2011$6,513$377,100
Apr 15, 2010$6,294$377,100
Apr 15, 2009$6,094$377,100
Apr 15, 2008$5,996$377,100
Apr 15, 2007$5,359$377,100
Apr 15, 2006—$153,800
Apr 15, 2005—$153,800
Apr 15, 2004—$153,800
Apr 15, 2003—$153,800
Apr 15, 2002—$112,500
Apr 15, 2001—$112,500
Nearby homes
Neighborhood details
Local context around this listing
Ventnor, NJ • Atlantic County
Nearby cities
Atlantic CityEgg Harbor CityEgg Harbor TownshipGallowayHammontonMays LandingPleasantvilleSomers Point
Nearby zip codes
08406
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