9 months on rocket

7 N Florida Ave, Atlantic City, NJ, 08401

$159,000

Land

Location

Image provided by Mapbox

Property Highlights

Home TypeVacant Land
MLS #3881784
StatusActive

About 7 N Florida Ave

9 unit apartment building ready to be built. This exclusive offering comes bundled with town-approved plans, site plans, architectural and building plans. Envision the potential as each unit targets a rent of $1,400, projecting an impressive gross rental income of approximately $151,200. Convenience meets luxury, as the meticulously designed apartments are tailored for modern living, providing tenants with stylish and comfortable living spaces that are sure to leave a lasting impression. Act now and transform this building-lot into a lucrative investment for years to come.

Property Details

Property Features

Listing Office:

  • Office Name: EXP REALTY, LLC
  • Office Phone: (866) 201-6210

Lot Features

Lot Information:

  • Lot: Level, Open Lot, See Remarks

Other

Directions Information:

  • Directions: Take Atlantic City Ave to N. Florida Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $159,000

Tax Information:

  • Annual Amount: $7,570
  • Tax Year: 2020
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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

7 N Florida Ave vs Atlantic City

293 DAYS ON ROCKET

+239 Days

$159,000

-$80K Less

KEY TAKEAWAY

This property is $80K less than the Median Sold Price in Atlantic City, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #3881784

Listing Office:

  • Office Name: EXP REALTY, LLC
  • Office Phone: (866) 201-6210

Information deemed reliable but not guaranteed. Copyright © 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as an IDX Listing. Information deemed reliable but not guaranteed.

Notice: The dissemination of listings displayed herein does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.

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, 8:20:47 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 12, 2019Home Sold
$165,000
Nov 16, 2016Home Sold
$240,000
Feb 24, 2014Home Sold
$185,000

Tax History

YEARPROP. TAXASSESSMENT
2020$7,570$165,000
2019$7,569$190,000
2018$6,713$190,000
2017$6,500$190,000

History based on county public records data.

Payment Calculator

$861

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$543

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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-1963376
2
/10
  • Brighton Avenue School

  • 30 N Brighton Ave

  • 0.36 miles

  • Public District Grades KG-5

school-card-donut-1963377
7
/10
  • Ventnor Elementary School

  • 400 N Lafayette Ave

  • 3.11 miles

  • Public District Grades PK-4

school-card-donut-1963378
8
/10
  • William H. Ross III School

  • 101 N Haverford Ave

  • 3.69 miles

  • Public District Grades PK-4

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $26,742. Typical income of Atlantic City, NJ residents is less than $35k 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

Frequently Asked Questions About 7 N Florida Ave

What is the listing price of this property?

The listing price of 7 N Florida Ave property is $159,000.

What type of property is this?

The property 7 N Florida Ave is land located in Atlantic City, New Jersey, 08401.

Is this property for sale now?

Active Listing: 7 N Florida Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $7,570 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on September 12, 2019 for $165,000. (source: MLS/tax record).
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Rocket Homes›New Jersey›Atlantic County›Atlantic City›08401›7 N Florida Ave

This home is located at 7 N Florida Ave in Atlantic City, NJ and zip code 08401 in the Duck Town neighborhood. It has been listed on Rocket Homes since January 16, 2024 and is currently priced at $159,000.

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. Between September 2024 and October 2024, Atlantic City, NJ real estate market has seen decrease in the number of listings by 0.4%. In October 2024 median list price was $239,000 and the average listing age was 54 days.

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

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