3 months on rocket

19 S Elberon Ave, Atlantic City, NJ, 08401

$550,000

Home List Price

$6,531*

Closing Credit

0 Baths
2,032 SqFt
$271/SqFt
Multi

Location

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19 S Elberon Ave, Atlantic City$550,000

Buyer Closing Credits

$6,531*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingNone
Year Built1915
HeatingBaseboard, Natural Gas, Radiant
CoolingWindow Unit(s)
BasementYes
MLS #587697
StatusActive

About 19 S Elberon Ave

Charming Multi-Use Duplex in Historic Old Atlantic City Are you searching for a remarkable investment opportunity or a unique residence just a block and a half from the beach? Look no further! This classic multi-use duplex embodies the timeless charm of old Atlantic City, offering endless possibilities for both living and investment. The lower level has 2-bedroom, 1-bath apartment ideal for comfortable living. Use as a primary residence or as a rental unit or both. The upper Level: A spacious area with 4 or potentially 5 bedrooms and 3 baths, providing ample space for large families or additional rental income. There is a back yard patio that lends itself to outdoor cookouts or workouts or to just enjoy warm summer nights in the comfort of your back courtyard retreat. Whether you choose to reside in the lower unit and rent out the upper level, or live upstairs and lease the lower unit, this property offers flexibility and potential. It’s also a prime candidate for Air b n b or long-term rentals, appealing to casino workers, Stockton University students, or anyone seeking a beach-side retreat. This home is loaded with historic charm and character of "Old AC" with custom woodwork and a grand staircase that speaks to the quality and craftsmanship of yesteryear. Built over 109 years ago, this duplex is a testament to enduring construction and style. This property is a blank canvas awaiting your vision. Embrace the chance to restore and rejuvenate this classic gem. Explore renovation loans and city programs that may offer financial assistance in revitalizing this historic treasure. For more information on Chelsea Economic Development Corporation https://www.chelseaedc.org/aboutus This duplex isn't just a property; it's a piece of history with the promise of future success. If you’re ready to invest in a timeless piece of Atlantic City, come see this unique opportunity and imagine the possibilities. Reach out to your local lenders and city officials to discover how you can bring this masterpiece back to its full glory. Don’t miss out! schedule your viewing today and experience the best of old Atlantic City!

Property Details

Property Features

Property Information:

  • Year Built: 1915
  • Living Area: 2,032 SqFt

Listing Office:

  • Office Name: MONIHAN REALTY-A
  • Office Phone: (609) 399-1311

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Exterior Information:

  • Exterior: Deck, Porch-Enclosed, Shed

Parking Information:

  • Attached Garage: No
  • Parking: None

Utilities

Utilities Information:

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

Other

Directions Information:

  • Directions: Take Atlantic Ave to Elberon Place

Price Information

Listing Price Info

Price Summary:

  • List Price: $550,000
  • Price Per SqFt: $271/SqFt

Tax Information:

  • Annual Amount: $8,161
  • 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

19 S Elberon Ave vs Atlantic City

94 DAYS ON ROCKET

+40 Days

$550,000

+$311K More

$271/SqFt

+$76 More

KEY TAKEAWAY

This property is $311K more than the Median Sold Price and $76/SqFt more than other homes in Atlantic City, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #587697

Listing Office:

  • Office Name: MONIHAN REALTY-A
  • Office Phone: (609) 399-1311

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$8,161$209,200
2019$6,972$175,000
2018$6,183$175,000
2017$8,553$250,000

History based on county public records data.

Payment Calculator

$2,813

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,715

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-2024474
2
/10

  • Brighton Avenue School

  • 30 N Brighton Ave

  • 0.61 miles

  • Public District Grades KG-5

school-card-donut-2024475
7
/10

  • Ventnor Elementary School

  • 400 N Lafayette Ave

  • 2.18 miles

  • Public District Grades PK-4

school-card-donut-2024476
8
/10

  • William H. Ross III School

  • 101 N Haverford Ave

  • 2.74 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 $27,396. Most Atlantic City, NJ residents have annual incomes less than $35k. Most families are 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›19 S Elberon Ave

This home is located at 19 S Elberon Ave in Atlantic City, NJ and zip code 08401 in the Lower Chelsea neighborhood. This 2,032 square foot home was built in 1915. It has been listed on Rocket Homes since August 02, 2024 and is currently priced at $550,000.

In October 2024 more than 3 listings in Atlantic City, NJ were sold above the asking price. During the same period more than 5 listings were sold at asking price, while more than 11 were sold below. In October 2024 in Atlantic City, NJ there were 0.4% less homes for sale than in September 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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