11 months on rocket

507 Adriatic Ave, Atlantic City, NJ, 08401

$249,000

Home List Price

$2,957*

Closing Credit

0 Baths
1,920 SqFt
$130/SqFt
Multi

Location

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507 Adriatic Ave, Atlantic City$249,000

Buyer Closing Credits

$2,957*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeDuplex
ParkingOff Site Parking
HeatingBaseboard, Natural Gas
CoolingWindow Unit(s)
WaterfrontSee Remarks
ViewSee Remarks
MLS #579721
StatusActive

About 507 Adriatic Ave

Investment opportunity! Discover 507 Adriatic Ave, a valuable duplex in Atlantic City's Bungalow Park. It generates close to $2,000 monthly, fully leased, promising steady returns. The house needs TLC and if renovated can double the current income. Each unit offers two bedrooms, meeting modern living demands in a cozy setting. The sizable backyard, ideal for parking, holds potential for future enhancements. Enjoy serene views of Gardiner's Basin while being just moments from the vibrant life of the boardwalk, beaches, and casinos. Bungalow Park is on the rise, increasingly favored for investment and residential purposes. This duplex, is near dining, shopping, and cultural centers, providing all necessities within reach. Sold "as is," it's a smart buy in Atlantic City's upswing. It is ideal for investors seeking to merge lifestyle with opportunity. Inquire today to explore the possibilities at 507 Adriatic Ave.

Property Details

Property Features

Property Information:

  • Living Area: 1,920 SqFt

Listing Office:

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

Interior Features

Interior Information:

  • Appliances: Gas Oven, Refrigerator

Exterior Features

Exterior Information:

  • Waterfront: See Remarks
  • View: See Remarks
  • Exterior: Curbs, Deck, Needs Work, 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: 507 Adriatic Ave, house on the left

Price Information

Listing Price Info

Price Summary:

  • List Price: $249,000
  • Price Per SqFt: $130/SqFt

Tax Information:

  • Annual Amount: $4,016
  • 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

507 Adriatic Ave vs Atlantic City

355 DAYS ON ROCKET

+301 Days

$249,000

+$10K More

$130/SqFt

-$65 Less

KEY TAKEAWAY

This property is $10K more than the Median Sold Price and $65/SqFt less than other homes in Atlantic City, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #579721

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

Sep 14, 2017Home Sold
$56,500
Aug 07, 2013Home Sold
$50,000
Mar 28, 2005Home Sold
$188,000
Dec 02, 2002Home Sold
$88,900

Tax History

YEARPROP. TAXASSESSMENT
2020$4,016$103,100
2019$2,788$70,000
2018$3,180$90,000
2017$3,079$90,000

History based on county public records data.

Payment Calculator

$1,310

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$813

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-1956027
2
/10

  • Brighton Avenue School

  • 30 N Brighton Ave

  • 1.84 miles

  • Public District Grades KG-5

school-card-donut-1956028
7
/10

  • Ventnor Elementary School

  • 400 N Lafayette Ave

  • 4.57 miles

  • Public District Grades PK-4

school-card-donut-1956029
8
/10

  • William H. Ross III School

  • 101 N Haverford Ave

  • 5.18 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 $44,940. Residents of Atlantic City, NJ typically earn between $35k-100k each year. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Atlantic County›Atlantic City›08401›507 Adriatic Ave

This home is located at 507 Adriatic Ave in Atlantic City, NJ and zip code 08401 in the Bungalow Park neighborhood. It has been listed on Rocket Homes since November 16, 2023 and is currently priced at $249,000.

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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