8 months on rocket

114 S Raleigh Ave, Atlantic City, NJ, 08401

$1,699,900

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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114 S Raleigh Ave, Atlantic City$1,699,900

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingNone
HeatingForced Air
CoolingCentral Air
WaterfrontWaterfront
ViewWater, Ocean
MLS #583249
StatusActive

About 114 S Raleigh Ave

Welcome to beachfront living at Residences at Raleigh in Atlantic City’s historic Chelsea neighborhood! Residences at Raleigh is a collection of (3) luxurious apartments steps from the Atlantic City Boardwalk in the city’s most sought after neighborhood. This spacious 3-family building is comprised of (3) separate oversized, 1,550 SF apartments, features (12) separate bedrooms and (6) bathrooms -- each apartment is 4BR/2BA. The designer kitchen features quartz countertops, stainless steel appliances and a center island. The living room is open concept with plenty of light from the windows with an OCEAN VIEW! The bathrooms are fully renovated and feature an oversized walk in shower OR a shower/tub combo and vanity. Each apartment has its own laundry and HVAC. The property has also been a highly lucrative STR/Airbnb. If you are looking for an enormous, modern, central house with its own unique designer style only minutes from Atlantic City’s best casinos, restaurants and white sandy beaches – look no further! Call today to schedule a showing!

Property Details

Property Features

Listing Office:

  • Office Name: BHHS FOX and ROACH-Margate
  • Office Phone: (609) 822-4200

Interior Features

Interior Information:

  • Appliances: Dishwasher, Gas Oven, Microwave, Refrigerator, Self Cleaning Oven

Exterior Features

Exterior Information:

  • Waterfront: Waterfront
  • View: Water, Ocean
  • Exterior: Curbs, Ocean View, Sidewalks

Parking Information:

  • Attached Garage: No
  • Parking: None

Lot Features

Lot Information:

  • Lot: Curbs, Views, Sidewalk

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: /

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,699,900

Tax Information:

  • Annual Amount: $18,857
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Atlantic City, NJ.

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Atlantic City, NJ

City

Med. Sold Price

$239K

Med. Price/SqFt

$194

Avg. Days On Market

54

# of Sold Homes

36

114 S Raleigh Ave vs Atlantic City

249 DAYS ON ROCKET

+195 Days

$1,699,900

+$1.4M More

KEY TAKEAWAY

This property is $1.4M more than the Median Sold Price in Atlantic City, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #583249

Listing Office:

  • Office Name: BHHS FOX and ROACH-Margate
  • Office Phone: (609) 822-4200

Broker Reciprocity Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/22/2024, 6:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 07, 2019Home Sold
$405,000

Tax History

YEARPROP. TAXASSESSMENT
2020$18,857$483,400
2019$19,920$500,000
2018$17,665$500,000
2017$17,105$500,000

History based on county public records data.

Payment Calculator

$8,552

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,163

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-696272
3
/10

  • Brighton Avenue School

  • 30 N Brighton Ave

  • 0.89 miles

  • Public District Grades PK-5

school-card-donut-696273
8
/10

  • Ventnor Elementary School

  • 400 N Lafayette Ave

  • 1.97 miles

  • Public District Grades PK-4

school-card-donut-696274
9
/10

  • William H. Ross III Elementary School

  • 101 N Haverford Ave

  • 2.50 miles

  • Public District Grades PK-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $61,384. Typical income of Atlantic City, NJ residents is between $35k-100k annually. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Atlantic County›Atlantic City›08401›114 S Raleigh Ave

This home is located at 114 S Raleigh Ave in Atlantic City, NJ and zip code 08401 in the Lower Chelsea neighborhood. It has been listed on Rocket Homes since March 18, 2024 and is currently priced at $1,699,900.

While more than 3 listings in Atlantic City, NJ in October 2024 were sold above asking price, there were more than 5 listings sold at asking price, and more than 11 were sold below. The number of listings in Atlantic City, NJ decreased by 0.4% between September 2024 and October 2024. In October 2024 median list price was $239,000 and the average listing age was 54 days.

From Rocket Homes Real Estate and based on county public records data.

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