3 months on rocket

2511 Pacific Ave, Atlantic City, NJ, 08401

$599,000

Home List Price

$7,113*

Closing Credit

0 Baths
2,900 SqFt
$207/SqFt
Multi
Schools Nearby

Location

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2511 Pacific Ave, Atlantic City$599,000

Buyer Closing Credits

$7,113*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
ParkingThree or More Cars
Year Built1920
HeatingBaseboard, Electric
WaterfrontWaterfront
ViewWater
MLS #581325
StatusActive

About 2511 Pacific Ave

Investor Alert - Double Digit Cap Rate!! Income and Expenses Available to qualified buyers. Seven Unit Bldg one block to the Beach and Boardwalk! Solid Brick Construction and water views! Covered front porch and fenced in back patio. Located close to Tropicana, Tanger Outlets, Convetion Center, Ballys, Ceasers, and Boardwalk Hall. Being Sold As-Is, buyers responsible for their own Sales CO. All leases are in place and have rental COs. Brand new Fire Escape, and Just Passed the 5 year DCA Inspection! Income and Expenses available to qualified buyers.

Property Details

Property Features

Property Information:

  • Year Built: 1920
  • Living Area: 2,900 SqFt

Listing Office:

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

Interior Features

Interior Information:

  • Appliances: Gas Oven, Refrigerator, Self Cleaning Oven

Exterior Features

Exterior Information:

  • Waterfront: Waterfront
  • View: Water
  • Exterior: Curbs, Fenced Yard, Porch, Sidewalks

Parking Information:

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

Lot Features

Lot Information:

  • Lot: Curbs, Fencing, Sidewalk

Utilities

Utilities Information:

  • Heating: Baseboard, Electric

Other

Directions Information:

  • Directions: 2500 Block of Pacific Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $599,000
  • Price Per SqFt: $207/SqFt

Tax Information:

  • Annual Amount: $8,192
  • 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

$220.5K

Med. Price/SqFt

$196

Avg. Days On Market

53

# of Sold Homes

30

2511 Pacific Ave vs Atlantic City

99 DAYS ON ROCKET

+46 Days

$599,000

+$378.5K More

$207/SqFt

+$11 More

KEY TAKEAWAY

This property is $378.5K more than the Median Sold Price and $11/SqFt more than other homes in Atlantic City, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #581325

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: 4/27/2024, 10:25:23 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 14, 2013Home Sold
$100,000
Nov 10, 2012Home Sold
$125,000
Oct 03, 2001Home Sold
$100,000

Tax History

YEARPROP. TAXASSESSMENT
2020$8,192$210,000
2019$5,577$140,000
2018$5,300$150,000
2017$5,132$150,000

History based on county public records data.

Payment Calculator

$3,057

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,862

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-1159911
2
/10

  • Brighton Avenue School

  • 30 N Brighton Ave

  • 0.37 miles

  • Public District Grades KG-5

school-card-donut-1159912
7
/10

  • Ventnor Elementary School

  • 400 N Lafayette Ave

  • 3.08 miles

  • Public District Grades PK-4

school-card-donut-1159913
8
/10

  • William H. Ross III School

  • 101 N Haverford Ave

  • 3.64 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 $41,841. Typical income of Atlantic City, NJ residents is between $35k-100k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Atlantic County›Atlantic City›08401›2511 Pacific Ave

This home is located at 2511 Pacific Ave in Atlantic City, NJ and zip code 08401 in the Chelsea neighborhood. This 2,900 square foot home was built in 1920. It has been listed on Rocket Homes since January 18, 2024 and is currently priced at $599,000.

In March 2024 more than 2 listings in Atlantic City, NJ were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 16 were sold below. The number of listings in Atlantic City, NJ increased by 3.5% between February 2024 and March 2024. The median list price of listings available in March 2024 was $220,500, while the average time on the real estate market was 53 days.

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

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