4 months on rocket

16 S Rhode Island Ave, Atlantic City, NJ, 08401

$285,000

Home List Price

$3,384*

Closing Credit

0 Baths
1,700 SqFt
$168/SqFt
Multi
Schools Nearby

Location

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16 S Rhode Island Ave, Atlantic City$285,000

Buyer Closing Credits

$3,384*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingThree or More Cars
HeatingRadiant
WaterfrontWaterfront
ViewWater
MLS #580544
StatusActive

About 16 S Rhode Island Ave

Both units are now Vacant! This charming Multi-Family property is conveniently surrounded by ample amenities located about 1.5 blocks to the Beach, Boardwalk, Absecon Lighthouse, Ocean Casino, Hardrock, Steel Pier, Showbaot, Island Waterpark, Resorts, Margarita ville, Gardeners Basin, Little Water Distillery, Borgate, Harrahs, Farley Marina, and Golden Nugget. This property offers the perfect opportunity to immerse yourself in the vibrant coastal lifestyle of the Jersey Shore which is amplified by our Casino Industry! This is an end unit, up & down duplex with two bedrooms & 1 bathroom in each unit, both units have the same floor plan and plenty of parking in the area. Live in one unit and rent out the other, or lease out both units and become a landlord, or current landlords may want to add this great property to their allready existing real estate portfolios, and AirBnB Alert, this location is Ideal for making tons of cash on short term rental platforms like AriBnB and VRBO. Dont miss out on this incredible opportunity to own a peice of this thriving cmmunity, many new developments are allready underway in the area and the city is busy repaving all the streets! Schedule your viewing today with a local real estate agent and take advantage of the many possiblities this property can afford its new owners!! First time home buyers who want to live in one unit and rent out the other may qualify for up to $30,000 in CDC Inlet Grant Money towards the purchase and closing costs!!

Property Details

Property Features

Property Information:

  • Living Area: 1,700 SqFt

Listing Office:

  • Office Name: WEICHERT REALTORS ASBURY GROUP-AC
  • Office Phone: (609) 344-6200

Interior Features

Interior Information:

  • Appliances: Electric Stove, Refrigerator, Self Cleaning Oven

Exterior Features

Exterior Information:

  • Waterfront: Waterfront
  • View: Water

Parking Information:

  • Attached Garage: No
  • Parking: Three or More Cars

Utilities

Utilities Information:

  • Heating: Radiant

Other

Directions Information:

  • Directions: Between Atlantic and Pacific Aves.

Price Information

Listing Price Info

Price Summary:

  • List Price: $285,000
  • Price Per SqFt: $168/SqFt

Tax Information:

  • Annual Amount: $10,860
  • 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

16 S Rhode Island Ave vs Atlantic City

146 DAYS ON ROCKET

+69 Days

$285,000

+$63.3K More

$168/SqFt

-$27 Less

KEY TAKEAWAY

This property is $63.3K more than the Median Sold Price and $27/SqFt less than other homes in Atlantic City, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #580544

Listing Office:

  • Office Name: WEICHERT REALTORS ASBURY GROUP-AC
  • Office Phone: (609) 344-6200

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: 5/10/2024, 11:20:40 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$10,860$378,400
2019$10,860$272,600
2018$9,631$272,600
2017$9,326$272,600

History based on county public records data.

Payment Calculator

$1,490

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$921

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-9812820
2
/10

  • Brighton Avenue School

  • 30 N Brighton Ave

  • 1.90 miles

  • Public District Grades KG-5

school-card-donut-9812821
7
/10

  • Ventnor Elementary School

  • 400 N Lafayette Ave

  • 4.66 miles

  • Public District Grades PK-4

school-card-donut-9812822
8
/10

  • William H. Ross III School

  • 101 N Haverford Ave

  • 5.24 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 $26,687. Typical income of Atlantic City, NJ residents is less than $35k annually. The most common type of family is single, no kids. The majority of 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›16 S Rhode Island Ave

This home is located at 16 S Rhode Island Ave in Atlantic City, NJ and zip code 08401 in the South Inlet neighborhood. It has been listed on Rocket Homes since December 15, 2023 and is currently priced at $285,000.

In April 2024, from all listings sold in Atlantic City, NJ there were more than 2 sold above asking price, over 21 sold below and more than 4 were sold right at the asked price. Between March 2024 and April 2024, Atlantic City, NJ real estate market has seen increase in the number of listings by 13%. While the average time on the market in April 2024 was 77 days, the median list price was $221,666.

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

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