3 months on rocket

502 Chapel Ave W, Cherry Hill, NJ, 08002

$350,000

Home List Price

$4,156*

Closing Credit

0 Baths
House
Schools Nearby

Location

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502 Chapel Ave W, Cherry Hill$350,000

Buyer Closing Credits

$4,156*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingDriveway
Year Built1928
HeatingRadiant
CoolingWindow Unit(s)
MLS #NJCD2061186
Lot Size0.17 Acres
StatusActive
(ACTIVE)

About 502 Chapel Ave W

Excellent investment opportunity in Cherry Hill, NJ just off Route 38 and conveniently located to several major bridges offering easy access to Philadelphia. 502 Chapel Avenue features three rental units with excellent upside. This mixed use property consist of two apartments and one commercial space on the first floor. Both apartments are occupied with long term tenants and the commercial space is currently vacant. The building has one 3-bedroom unit and one 1-bedroom unit. Both units are well maintained with significant upgrades throughout including tile flooring, mechanicals, paint, upgraded kitchen & baths. The downstairs commercial space offers a large open floor plan with multiple private offices, bullpen area, kitchen and bathroom. All separate utilities in place for tenants with the landlord covering water/sewer/Insurance & Taxes. This is an excellent investment opportunity with major upside.

Property Details

Property Features

Property Information:

  • Architectural Style: Straight Thru
  • Year Built: 1928

Listing Office:

  • Office Name: BHHS Fox & Roach-Marlton
  • Office Phone: (856) 810-5300
  • Listing Agent: Dawn Varallo

Exterior Features

Parking Information:

  • Parking: Driveway

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Radiant
  • Cooling: Window Unit(s)

School Info

Assigned Schools Information:

  • Cherry Hill High School West, Public District Grades 9-12
  • John A. Carusi Middle School, Public District Grades 6-8
  • Rosa International Middle School, Public District Grades 6-8
  • Joyce Kilmer Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: Use GPS.

Municipality:

  • Cherry Hill Twp

Price Information

Listing Price Info

Price Summary:

  • List Price: $350,000

Tax Information:

  • Annual Amount: $9,383
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Cherry Hill, NJ.

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Cherry Hill, NJ

City

Med. Sold Price

$425K

Med. Price/SqFt

$219

Avg. Days On Market

29

# of Sold Homes

61

502 Chapel Ave W vs Cherry Hill

108 DAYS ON ROCKET

+79 Days

$350,000

-$75K Less

KEY TAKEAWAY

This property is $75K less than the Median Sold Price in Cherry Hill, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #NJCD2061186

Listing Office:

  • Office Name: BHHS Fox & Roach-Marlton
  • Office Phone: (856) 810-5300
  • Listing Agent: Dawn Varallo

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/2/2024, 12:12:29 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$9,383$231,900
2019$9,359$231,900
2018$9,232$231,900
2017$9,232$231,900

History based on county public records data.

Payment Calculator

$1,814

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,116

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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.

Elementary School

school-card-donut-4775084
3
/10

  • Joyce Kilmer Elementary School

  • 2900 Chapel Ave W

  • 2.20 miles

  • Public District Grades KG-5

Middle School

school-card-donut-4775085
3
/10

  • John A. Carusi Middle School

  • 315 Roosevelt Dr

  • 2.40 miles

  • Public District Grades 6-8

school-card-donut-4775086
7
/10

  • Rosa International Middle School

  • 485 Browning Ln

  • 4.57 miles

  • Public District Grades 6-8

High School

school-card-donut-4775087
4
/10

  • Cherry Hill High School West

  • 2101 Chapel Ave W

  • 1.58 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $83,232. Most Cherry Hill, NJ residents have annual incomes between $35k-100k. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 502 Chapel Ave W

What is the listing price of this property?

The listing price of 502 Chapel Ave W property is $350,000.

What type of property is this?

The property 502 Chapel Ave W is a house located in Cherry Hill, New Jersey, 08002.

Is this property for sale now?

Active Listing: 502 Chapel Ave W is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 502 Chapel Ave W are:
Joyce Kilmer Elementary School: GreatSchools Rating 3/10
John A. Carusi Middle School: GreatSchools Rating 3/10
Rosa International Middle School: GreatSchools Rating 7/10
Cherry Hill High School West: GreatSchools Rating 4/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $9,383 (source: MLS/based on county public records data).

What is the square footage of this property?

The sq. ft. of 502 Chapel Ave W is not available (source: MLS/tax record).

Which year was this property built?

The year of construction for 502 Chapel Ave W is 1928.

Rocket Homes›New Jersey›Camden County›Cherry Hill›08002›502 Chapel Ave W

This home is located at 502 Chapel Ave W in Cherry Hill, NJ and zip code 08002. This home, which was built in 1928, sits on a 0.17 acre lot. It has been listed on Rocket Homes since January 15, 2024 and is currently priced at $350,000.

In April 2024, from all listings sold in Cherry Hill, NJ there were more than 37 sold above asking price, over 16 sold below and more than 8 were sold right at the asked price. The inventory of homes for sale in Cherry Hill, NJ between March 2024 and April 2024 increased by 12.4%. Listings spent 29 days on the market in April 2024, and had a median list price of $425,000 during the same period.

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

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