1 year on rocket

507 Park Place Dr, Cherry Hill, NJ, 08002

$198,500

Home List Price

$2,357*

Closing Credit

2 Bedrooms
2 Full Baths
1,312 SqFt
$151/SqFt
Condo
Schools Nearby

Location

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507 Park Place Dr, Cherry Hill$198,500

Buyer Closing Credits

$2,357*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingParking Lot
Year Built1986
HeatingForced Air
CoolingCentral Air
MLS #NJCD2041666
StatusActive
(ACTIVE)

About 507 Park Place Dr

Welcome Home to highly desirable Park Place in Cherry Hill! This 2nd floor unit features a covered entry which leads into an open concept living room and dining room area with vaulted ceilings and skylights adding to the already beautiful natural light. The galley-style kitchen offers function and space with an abundance of cabinetry and storage. Additionally, this level offers a spacious bedroom as well as a full bath. A large, open, 2nd-story loft area merges into a spacious master bedroom complete with private bath and a private balcony. Also, much sought after 2nd floor laundry completes this level. Additional storage is available in the outside storage shed. The association fee includes access to the community swimming pool and tennis courts. Conveniently located within walking distance to Garden State Plaza, which offers a plethora of shopping and dining, walking trails, parks, and just minutes from bridges and highways makes this condo a definite must-see!

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1986
  • Stories: 2
  • Living Area: 1,312 SqFt

Listing Office:

  • Office Name: Keller Williams Realty - Cherry Hill
  • Office Phone: (856) 321-1212
  • Listing Agent: Amy Robin Rossano

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Oven, Electric Range, Refrigerator, Washer, Water Heater
  • Basement: No
  • Interior: Combination Dining/Living, Floor Plan - Open, Kitchen - Galley, Skylight(s)

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Parking: Parking Lot

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

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
  • Clara Barton 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: $198,500
  • Price Per SqFt: $151/SqFt

HOA Fees:

  • Amount: $313
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $5,045
  • 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

$424K

Med. Price/SqFt

$219

Avg. Days On Market

25

# of Sold Homes

51

507 Park Place Dr vs Cherry Hill

445 DAYS ON ROCKET

+420 Days

$198,500

-$225.5K Less

$151/SqFt

-$68 Less

KEY TAKEAWAY

This property is $225.5K less than the Median Sold Price and $68/SqFt less than other homes in Cherry Hill, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #NJCD2041666

Listing Office:

  • Office Name: Keller Williams Realty - Cherry Hill
  • Office Phone: (856) 321-1212
  • Listing Agent: Amy Robin Rossano

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: 4/26/2024, 2:00:28 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$5,045$124,700
2019$5,032$124,700
2018$4,964$124,700
2017$4,964$124,700

History based on county public records data.

Payment Calculator

$1,371

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$662

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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-460764
6
/10

  • Clara Barton Elementary School

  • 223 Rhode Island Ave

  • 1.25 miles

  • Public District Grades KG-5

Middle School

school-card-donut-460765
3
/10

  • John A. Carusi Middle School

  • 315 Roosevelt Dr

  • 2.27 miles

  • Public District Grades 6-8

school-card-donut-460766
7
/10

  • Rosa International Middle School

  • 485 Browning Ln

  • 3.01 miles

  • Public District Grades 6-8

High School

school-card-donut-460767
4
/10

  • Cherry Hill High School West

  • 2101 Chapel Ave W

  • 1.18 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 $47,115. Most Cherry Hill, NJ residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 507 Park Place Dr

What is the listing price of this property?

The listing price of 507 Park Place Dr property is $198,500.

What type of property is this?

The property 507 Park Place Dr is a condo located in Cherry Hill, New Jersey, 08002.

Is this property for sale now?

Active Listing: 507 Park Place Dr is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 507 Park Place Dr are:
Clara Barton Elementary School: GreatSchools Rating 6/10
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 $5,045 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 507 Park Place Dr has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 507 Park Place Dr is 1,312 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 507 Park Place Dr is 1986.

Rocket Homes›New Jersey›Camden County›Cherry Hill›08002›507 Park Place Dr

This home is located at 507 Park Place Dr in Cherry Hill, NJ and zip code 08002. This 1,312 square foot home was built in 1986. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since February 05, 2023 and is currently priced at $198,500.

Cherry Hill, NJ housing market in March 2024 saw over 32 listings sold above listed price, more than 6 sold at listed price and over 13 sold below. In March 2024 in Cherry Hill, NJ there were 7.5% more homes for sale than in February 2024. In March 2024 median list price was $424,000 and the average listing age was 25 days.

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

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