2 months on rocket

2809 Fairmount Ave, Atlantic City, NJ, 08401

$399,000

Home List Price

$4,738*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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2809 Fairmount Ave, Atlantic City$399,000

Buyer Closing Credits

$4,738*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingNone
HeatingNatural Gas
CoolingWall Unit(s)
WaterfrontSee Remarks
ViewSee Remarks, Bay
MLS #581916
StatusActive

About 2809 Fairmount Ave

Introducing a one-of-a-kind duplex with breathtaking views of the Bay of Atlantic City! Enjoy a great income stream from this fully occupied property, strategically nestled in a central location close to highways, beaches, and the vibrant activities on the island. This property boasts two distinct units – a cozy two-bedroom apartment and a spacious three-bedroom apartment. The second-floor unit elevates living to a new level with a charming porch, the perfect spot to unwind and soak in the panoramic bay views. Both units are occupied by wonderful tenants who are up-to-date on rent, contributing $1275.00 and $1475.00 respectively. A lucrative investment opportunity awaits with reliable rental income of $33,000 a year! Situated street to street, convenience is key with street parking available both in front and behind the property. The location is unmatched - located in close proximity to the vibrant activities that Atlantic City has to offer and also close to Ventnor & Margate.

Property Details

Property Features

Listing Office:

  • Office Name: FARLEY and FERRY REALTY, INC
  • Office Phone: (609) 822-1836

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Gas Oven, Refrigerator, Washer

Exterior Features

Exterior Information:

  • Waterfront: See Remarks
  • View: See Remarks, Bay
  • Exterior: Bay View, Deck, Porch

Parking Information:

  • Attached Garage: No
  • Parking: None

Utilities

Utilities Information:

  • Heating: Natural Gas
  • Cooling: Wall Unit(s)

Other

Directions Information:

  • Directions: Take Fairmount Avenue to Iowa Avenue and it is on that block on right hand side

Price Information

Listing Price Info

Price Summary:

  • List Price: $399,000

Tax Information:

  • Annual Amount: $7,010
  • 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

2809 Fairmount Ave vs Atlantic City

82 DAYS ON ROCKET

+29 Days

$399,000

+$178.5K More

KEY TAKEAWAY

This property is $178.5K more than the Median Sold Price in Atlantic City, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #581916

Listing Office:

  • Office Name: FARLEY and FERRY REALTY, INC
  • Office Phone: (609) 822-1836

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: 4/29/2024, 9:25:21 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$7,010$179,700
2019$7,171$180,000
2018$9,076$256,900
2017$8,789$256,900

History based on county public records data.

Payment Calculator

$2,059

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,263

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-3023783
2
/10

  • Brighton Avenue School

  • 30 N Brighton Ave

  • 0.15 miles

  • Public District Grades KG-5

school-card-donut-3023784
7
/10

  • Ventnor Elementary School

  • 400 N Lafayette Ave

  • 2.83 miles

  • Public District Grades PK-4

school-card-donut-3023785
8
/10

  • William H. Ross III School

  • 101 N Haverford Ave

  • 3.43 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 $37,742. Typical income of Atlantic City, NJ residents is less than $35k annually. Typical family type is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Atlantic County›Atlantic City›08401›2809 Fairmount Ave

This home is located at 2809 Fairmount Ave in Atlantic City, NJ and zip code 08401 in the Chelsea neighborhood. It has been listed on Rocket Homes since February 06, 2024 and is currently priced at $399,000.

Over 2 listings were sold over their listed price in March 2024 in Atlantic City, NJ. In the same period over 16 listings were sold below the listed price and 1 listings were sold for the listed price. The number of homes for sale 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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