12 days on rocket

1406 Madison Ave, Atlantic City, NJ, 08401

$319,000

Home List Price

$3,788*

Closing Credit

0 Baths
1,418 SqFt
$225/SqFt
Multi
Schools Nearby

Location

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1406 Madison Ave, Atlantic City$319,000

Buyer Closing Credits

$3,788*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingOff Site Parking
HeatingForced Air, Natural Gas
CoolingCentral Air, Electric
MLS #584488
StatusActive

About 1406 Madison Ave

Investors, take note of this opportunity in Venice Park Atlantic City! This legal duplex is a great investment option for those looking to rent out on Airbnb or through annual rental agreements. Unit 2 Upstairs has two bedrooms on the main floor and one bedroom or loft on the 3rd floor. The kitchen and bathroom have been fully renovated, and the house is currently undergoing further renovations. There is a new front porch, a deck in the back of the house, and a new terrace/porch on the 3rd floor. Additionally, there are new HVAC, gas stove, and refrigerator units. Ground-level Unit 1 is framed out for a two-bedroom apartment with a kitchen and 1 bath and needs partial renovations throughout. The buyer is responsible for all certifications, inspections, and CO. This property is easy to show, and there's a lockbox on the front door of Unit 1. Please call showing time to schedule a viewing.

Property Details

Property Features

Property Information:

  • Living Area: 1,418 SqFt

Listing Office:

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

Interior Features

Interior Information:

  • Appliances: Gas Oven, Microwave, Refrigerator

Exterior Features

Exterior Information:

  • Exterior: Curbs, Deck, Porch, Sidewalks

Parking Information:

  • Attached Garage: No
  • Parking: Off Site Parking

Lot Features

Lot Information:

  • Lot: Curbs, Sidewalk

Utilities

Utilities Information:

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

Other

Directions Information:

  • Directions: WHP to the right on Riverside Drive to the right on Madison. PIQ on left

Price Information

Listing Price Info

Price Summary:

  • List Price: $319,000
  • Price Per SqFt: $225/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

$221.6K

Med. Price/SqFt

$195

Avg. Days On Market

77

# of Sold Homes

41

1406 Madison Ave vs Atlantic City

12 DAYS ON ROCKET

-65 Days

$319,000

+$97.3K More

$225/SqFt

+$30 More

KEY TAKEAWAY

This property is $97.3K more than the Median Sold Price and $30/SqFt more than other homes in Atlantic City, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #584488

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: 5/5/2024, 7:20:37 PM 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

$1,660

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,023

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-6638543
2
/10

  • Brighton Avenue School

  • 30 N Brighton Ave

  • 1.23 miles

  • Public District Grades KG-5

school-card-donut-6638544
7
/10

  • Ventnor Elementary School

  • 400 N Lafayette Ave

  • 3.55 miles

  • Public District Grades PK-4

school-card-donut-6638545
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. Most Atlantic City, NJ residents have annual incomes between $35k-100k. 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›1406 Madison Ave

This home is located at 1406 Madison Ave in Atlantic City, NJ and zip code 08401 in the Venice Park neighborhood. It has been listed on Rocket Homes since April 23, 2024 and is currently priced at $319,000.

In April 2024 more than 2 listings in Atlantic City, NJ were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 21 were sold below. The inventory of homes for sale in Atlantic City, NJ between March 2024 and April 2024 increased by 13%. In April 2024 median list price was $221,666 and the average listing age was 77 days.

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

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