22 days on rocket

1406 Madison Ave, Atlantic City, NJ, 08401

$253,000

Home List Price

$3,004*

Closing Credit

0 Baths
1,418 SqFt
$178/SqFt
Multi

Location

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1406 Madison Ave, Atlantic City$253,000

Buyer Closing Credits

$3,004*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingOff Site Parking
Year Built1900
HeatingForced Air, Natural Gas
CoolingCentral Air, Electric
WaterfrontSee Remarks
ViewSee Remarks
MLS #589967
StatusActive

About 1406 Madison Ave

Presenting an exceptional legal duplex in Atlantic City's Venice Park, featuring two units that offer an outstanding investment opportunity. The main unit, situated upstairs, showcases two main-floor bedrooms and a third-floor loft or bedroom, with potential yearly rent in the $2,000-$2,500 range. This unit has been partially renovated, with further updates in progress. Step outside to enjoy the new front porch, a deck at the rear of the house, and a brand-new terrace/porch on the 3rd floor. Not to mention adding new HVAC systems, new siding, and roof, with three sky windows on each floor of the home. On the ground level, Unit 1 is framed for a two-bedroom apartment with a kitchen and one bath. It awaits your personal touch to complete partial renovations throughout. With the potential to fetch in the $1,700 range per month in rent, this presents an exciting opportunity for a savvy investor. Selling as is. The buyer is responsible for obtaining the Certificate of Occupancy (CO) and any other certifications required for closing.

Property Details

Property Features

Property Information:

  • Year Built: 1900
  • Living Area: 1,418 SqFt

Listing Office:

  • Office Name: WEICHERT REALTORS ASBURY GROUP-AC
  • Office Phone: (609) 344-6200

Interior Features

Interior Information:

  • Appliances: Gas Oven, Microwave, Refrigerator

Exterior Features

Exterior Information:

  • Waterfront: See Remarks
  • View: See Remarks
  • Exterior: Curbs, Deck, Fenced Yard, Sidewalks

Parking Information:

  • Attached Garage: No
  • Parking: Off Site Parking

Lot Features

Lot Information:

  • Lot: Curbs, Fencing, Sidewalk

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air, Electric

Other

Directions Information:

  • Directions: Venice Park Area on Madison Between Riverside Ave and Morningside Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $253,000
  • Price Per SqFt: $178/SqFt

Tax Information:

  • Annual Amount: $4,876
  • 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

1406 Madison Ave vs Atlantic City

22 DAYS ON ROCKET

-32 Days

$253,000

+$14K More

$178/SqFt

-$17 Less

KEY TAKEAWAY

This property is $14K more than the Median Sold Price and $17/SqFt less than other homes in Atlantic City, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #589967

Listing Office:

  • Office Name: WEICHERT REALTORS ASBURY GROUP-AC
  • Office Phone: (609) 344-6200

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

Tax History

YEARPROP. TAXASSESSMENT
2020$4,876$125,000
2019$3,386$85,000
2018$3,003$85,000
2017$2,908$85,000

History based on county public records data.

Payment Calculator

$1,330

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$825

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-1955676
2
/10

  • Brighton Avenue School

  • 30 N Brighton Ave

  • 1.23 miles

  • Public District Grades KG-5

school-card-donut-1955677
7
/10

  • Ventnor Elementary School

  • 400 N Lafayette Ave

  • 3.55 miles

  • Public District Grades PK-4

school-card-donut-1955678
8
/10

  • William H. Ross III School

  • 101 N Haverford Ave

  • 4.20 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 $79,098. The majority of Atlantic City, NJ residents have income between $35k-100k annually. Typical family type is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Atlantic County›Atlantic City›08401›1406 Madison Ave

This home is located at 1406 Madison Ave in Atlantic City, NJ and zip code 08401 in the Venice Park neighborhood. This 1,418 square foot home was built in 1900. It has been listed on Rocket Homes since October 13, 2024 and is currently priced at $253,000.

Atlantic City, NJ housing market in October 2024 saw over 3 listings sold above listed price, more than 5 sold at listed price and over 11 sold below. The number of listings in Atlantic City, NJ decreased by 0.4% between September 2024 and October 2024. The median list price of listings available in October 2024 was $239,000, while the average time on the real estate market was 54 days.

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

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