5 months on rocket

124 S Ocean Ave, Atlantic City, NJ, 08401

$425,000

Home List Price

$5,047*

Closing Credit

0 Baths
1,620 SqFt
$262/SqFt
Multi

Location

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124 S Ocean Ave, Atlantic City$425,000

Buyer Closing Credits

$5,047*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingOff Site Parking
HeatingBaseboard, Natural Gas
CoolingWindow Unit(s)
BasementYes
MLS #585677
StatusActive

About 124 S Ocean Ave

Welcome to your dream home at 124 S Ocean Ave, Atlantic City, NJ 08401 – a remarkable rental opportunity that combines beachside living with modern luxury. This exquisite 4-story beach block home is located just one street away from the vibrant and newly revitalized South Tennessee Avenue, placing you within walking distance to some of the trendiest eateries, entertainment spots, and local attractions in Atlantic City. Legally zoned as a duplex, this property offers a unique opportunity to generate extra income. Whether you live in one unit and rent out the other or capitalize on the booming Airbnb market, the possibilities are endless. Situated just a short walk from the famous Atlantic City beach, this home provides unparalleled access to sun, sand, and surf, making it a highly desirable rental property for vacationers and long-term tenants alike Expansive Living Space: This home boasts 5 generously sized bedrooms and 3 full bathrooms, offering ample space for family, friends, and guests. The thoughtfully designed layout ensures privacy and comfort for everyone. Experience the perfect blend of historic charm and contemporary living with brand-new flooring throughout, a state-of-the-art hot water heater, and all-new, high-end appliances that cater to your every need. The property includes a dedicated laundry room for your convenience and a full basement providing abundant storage space or potential for additional living areas. Breathtaking Views: Ascend the convenient staircase to the 4th-floor deck and be captivated by the stunning panoramic views of Atlantic City and the sparkling Atlantic Ocean – an ideal spot for relaxation or entertaining guests.Dining and Entertainment: Enjoy the convenience of being close to South Tennessee Avenue's finest dining options, including trendy eateries, cafes, and bars that cater to all tastes and preferences. Benefit from nearby shopping centers, boutiques, and essential services, all within easy reach, ensuring you have everything you need at your fingertips. Excellent public transportation options make commuting and exploring Atlantic City and beyond a breeze. This property is more than just a house – it's a lifestyle. 124 S Ocean Ave offers an unparalleled combination of space, location, and modern amenities, perfect for large families, investors, or those seeking a luxurious beachside retreat. The opportunity to generate additional income through its duplex zoning adds significant value, making this an exceptional investment. Don't miss out on the chance to own a piece of Atlantic City's vibrant beach community. Schedule a viewing today and experience the unique charm and modern elegance of this remarkable home.

Property Details

Property Features

Property Information:

  • Living Area: 1,620 SqFt

Listing Office:

  • Office Name: BHHS FOX and ROACH-Northfield
  • Office Phone: (609) 646-1900

Interior Features

Interior Information:

  • Appliances: Gas Oven, Refrigerator
  • Basement: Yes

Exterior Features

Exterior Information:

  • Exterior: Curbs, Porch, Sidewalks

Parking Information:

  • Attached Garage: No
  • Parking: Off Site Parking

Lot Features

Lot Information:

  • Lot: Curbs, Sidewalk

Utilities

Utilities Information:

  • Heating: Baseboard, Natural Gas
  • Cooling: Window Unit(s)

Other

Directions Information:

  • Directions: Pacific Avenue to Ocean makes a right towards the beach, and the house is on the right side.

Price Information

Listing Price Info

Price Summary:

  • List Price: $425,000
  • Price Per SqFt: $262/SqFt

Tax Information:

  • Annual Amount: $2,296
  • Tax Year: 2018
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Housing Market Comparison

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

Med. Sold Price

$239K

Med. Price/SqFt

$194

Avg. Days On Market

54

# of Sold Homes

36

124 S Ocean Ave vs Atlantic City

158 DAYS ON ROCKET

+104 Days

$425,000

+$186K More

$262/SqFt

+$67 More

KEY TAKEAWAY

This property is $186K more than the Median Sold Price and $67/SqFt more than other homes in Atlantic City, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #585677

Listing Office:

  • Office Name: BHHS FOX and ROACH-Northfield
  • Office Phone: (609) 646-1900

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: 11/5/2024, 8:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 20, 2021Home Sold
$175,000
Dec 22, 2020Home Sold
$67,500
Nov 04, 2011Home Sold
$45,000

Tax History

YEARPROP. TAXASSESSMENT
2020 - $69,300
2019 - $65,000
2018$2,296$65,000
2017$2,224$65,000

History based on county public records data.

Payment Calculator

$2,189

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,341

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-1886785
2
/10
  • Brighton Avenue School

  • 30 N Brighton Ave

  • 1.22 miles

  • Public District Grades KG-5

school-card-donut-1886786
7
/10
  • Ventnor Elementary School

  • 400 N Lafayette Ave

  • 3.97 miles

  • Public District Grades PK-4

school-card-donut-1886787
8
/10
  • William H. Ross III School

  • 101 N Haverford Ave

  • 4.53 miles

  • Public District Grades PK-4

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $25,049. Residents of Atlantic City, NJ typically earn less than $35k each year. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas


Rocket HomesNew JerseyAtlantic CountyAtlantic City08401124 S Ocean Ave

This home is located at 124 S Ocean Ave in Atlantic City, NJ and zip code 08401 in the Downtown neighborhood. It has been listed on Rocket Homes since May 30, 2024 and is currently priced at $425,000.

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, listings were on the market for 54 days. During the same period, the median list price in this real estate market was $239,000.

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

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