2 months on rocket

500 S 8th St, Vineland, NJ, 08360

$235,000

Home List Price

$2,791*

Closing Credit

0 Baths
2,024 SqFt
$116/SqFt
Multi

Location

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500 S 8th St, Vineland$235,000

Buyer Closing Credits

$2,791*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingDriveway
Year Built1900
HeatingRadiant, Baseboard
CoolingNone
BasementYes
MLS #NJCB2020082
Lot Size0.17 Acres
StatusActive
(ACTIVE)

About 500 S 8th St

Large duplex on a corner lot waiting to be brought back to life and maxed out for profit. Live in one apartment and rent the other, or rent both out to maximize income. Downstairs is a comfortably sized 3 bedroom unit with a large eat-in kitchen, large living room, and spacious bedrooms. Unit has access interior access to the basement for additional storage. Upstairs is a 1 bedroom unit with a large bedroom, eat-in kitchen, and a sizeable walk-up attic allowing for extra storage. 1st floor is rented for $1,500. 2nd floor is renting for $900. Both units are leased month to month and are currently renting below fair market value. The property could potentially bring in a total of $3,200 in monthly revenue or more. Plenty of space for parking on and off-street and incredibly LOW taxes! This is a legally converted duplex ready for a quick closing. This property also qualifies for down payment assistance from the City of Vineland (subject to availability of funds at the time of applying) of up to $5,000 towards down payment and closing costs for qualified buyers who will be occupying the property as their primary residence. Cash, conventional, or rehab loans only. Being sold in AS-IS condition.

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1900
  • Living Area: 2,024 SqFt

Listing Office:

  • Office Name: OMNI Real Estate Professionals
  • Office Phone: (856) 415-1210
  • Listing Agent: Melanie Rios

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Parking: Driveway

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Radiant, Baseboard
  • Cooling: None

Other

Directions Information:

  • Directions: GPS

Municipality:

  • Vineland City

Price Information

Listing Price Info

Price Summary:

  • List Price: $235,000
  • Price Per SqFt: $116/SqFt

Tax Information:

  • Annual Amount: $2,847
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Vineland, NJ.

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Vineland, NJ

City

Med. Sold Price

$281.7K

Med. Price/SqFt

$191

Avg. Days On Market

23

# of Sold Homes

32

500 S 8th St vs Vineland

76 DAYS ON ROCKET

+53 Days

$235,000

-$46.7K Less

$116/SqFt

-$76 Less

KEY TAKEAWAY

This property is $46.7K less than the Median Sold Price and $76/SqFt less than other homes in Vineland, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #NJCB2020082

Listing Office:

  • Office Name: OMNI Real Estate Professionals
  • Office Phone: (856) 415-1210
  • Listing Agent: Melanie Rios

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/15/2024, 9:21:00 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

Jan 26, 2016Home Sold
$105,000
Apr 13, 2011Home Sold
$29,000

Tax History

YEARPROP. TAXASSESSMENT
2020$2,847$98,600
2019$2,771$98,600
2018$2,772$98,600
2017$2,633$98,600

History based on county public records data.

Payment Calculator

$1,240

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$771

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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-413831
3
/10

  • Gloria M. Sabater Elementary School

  • 301 S East Blvd

  • 0.36 miles

  • Public District Grades KG-5

school-card-donut-413832
2
/10

  • Compass Academy Charter School

  • 23 W Chestnut Ave

  • 1.22 miles

  • Public Charter Grades PK-5

school-card-donut-413833
4
/10

  • John. H. Winslow Elementary School

  • 1335 Magnolia Rd

  • 1.45 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $32,424. The most common annual income of people living in Vineland, NJ is less than $35k. The most common type of family is 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

Living In Vineland, NJ

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

Types of housing in Vineland, NJ.

Vineland's housing market is diverse, offering a mix of single-family homes, apartments, and townhouses to accommodate various preferences. The architectural styles in Vineland are eclectic, with a prevalence of traditional and colonial homes that reflect the area's rich history. A significant portion of the housing stock dates back to the mid-20th century, with ongoing development introducing modern amenities to the community. The homeownership rate in Vineland is robust, with a majority of residents owning their homes, while a smaller yet substantial segment of the population opts for renting.

What is it like to live in Vineland, NJ?

Vineland prides itself on a community-oriented atmosphere, where local events and festivals play a central role in bringing residents together. The town is celebrated for its agricultural heritage, which is showcased annually at the local farmers' market and harvest fairs. The community's character is further defined by its commitment to preserving green spaces and promoting a family-friendly environment.

Is it easy to get around Vineland, NJ without a car?

The community is served by a network of public schools, including several elementary, middle, and high schools, as well as private educational institutions that cater to a range of learning preferences. Vineland is home to healthcare facilities that provide residents with access to primary care, emergency services, and specialized medical treatments. The public library system in Vineland is active, offering resources and programs that enrich the community. Retail and dining options in Vineland reflect the local culture, with a blend of family-owned businesses and larger commercial entities.

Transportation in Vineland, NJ.

Transportation in Vineland is facilitated by a network of roads and highways that connect residents to nearby cities and towns. Public transit options are available, providing connections within the community and to broader destinations. The area's walkability varies, with certain neighborhoods offering more pedestrian-friendly environments than others. Ride-sharing services are present in Vineland, complementing the existing transportation infrastructure. Efforts to enhance transport efficiency and accessibility are ongoing, with improvements to public transit and roadways being considered.

Rocket Homes›New Jersey›Cumberland County›Vineland›08360›500 S 8th St

This home is located at 500 S 8th St in Vineland, NJ and zip code 08360. This 2,024 square foot home, which was built in 1900, sits on a 0.17 acre lot. It has been listed on Rocket Homes since August 30, 2024 and is currently priced at $235,000.

Vineland, NJ housing market in October 2024 saw over 13 listings sold above listed price, more than 6 sold at listed price and over 13 sold below. Between September 2024 and October 2024, Vineland, NJ real estate market has seen increase in the number of listings by 2%. While the average time on the market in October 2024 was 23 days, the median list price was $281,733.

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

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