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508 W New Jersey Ave, Somers Point, NJ, 08244

$399,000

Home List Price

$4,738*

Closing Credit

3 Bedrooms
2 Full Baths
House
Schools Nearby

Location

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508 W New Jersey Ave, Somers Point$399,000

Buyer Closing Credits

$4,738*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingTwo Car
Year Built1932
HeatingForced Air, Natural Gas
CoolingCeiling Fan(s), Central Air
BasementYes
MLS #582710
StatusActive

About 508 W New Jersey Ave

EPIC & UNIQUE WEALTH BUILDING OPPORTUNITY! Seriously, listen to me... this is the one! Incredible opportunity to own TWO separate homes on one lot! Tons of possibilities for investors: rent both out for passive income, live in one, rent the other out, finally get that shore house you've been dreaming of, and let the other home help you pay for it... truly endless possibilities. And the best part! It already comes with a tenant place!! These two homes have 2 separate addresses, back up to one another, and are separated by a fence. 508 W New Jersey is a well kept 2 bed, 1 bath home with a vibey open floorplan & newer roof & HVAC. You walk into the living room, then through an expansive and bright dining room and come to the open, updated kitchen. A few small details to note are ceiling fans, crown moulding, laminate flooring, basement, walk up attic storage, stainless steel appliances, and a storage shed! This home is vacant. 415 Dobbs is a well maintained 1 bed, 1 bath home with a cozy living room, updated kitchen with new stove and fridge, large bedroom, and separate laundry room with stackable w&d. This home doesn't have central air, but a wall unit keeps it nice and chilly in the Summer. Did I mention there is already an AWESOME tenant in place until 3/2025 for you in this home at $1200/month?? No need to worry about vacancy costs, and a good tenant is worth their weight in gold (am I right?). Tons of opportunity here to start or build your investment portfolio and begin earning passive income!! Let's gooo!

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch
  • Year Built: 1932
  • Stories: 1

Listing Office:

  • Office Name: Keller Williams Realty Jersey Shore-Ocean City
  • Office Phone: (609) 399-5454

Interior Features

Interior Information:

  • Appliances: Dishwasher, Refrigerator
  • Basement: Yes
  • Flooring Type: Laminate Flooring

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Exterior: Fenced Yard, Shed, Sidewalks

Parking Information:

  • Attached Garage: No
  • Parking: Two Car

Lot Features

Lot Information:

  • Lot: Fencing, Sidewalk

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas
  • Cooling: Ceiling Fan(s), Central Air

School Info

Assigned Schools Information:

  • Mainland Regional High School, Public District Grades 9-12

Other

Directions Information:

  • Directions: Shore Rd S Right on W New Jersey, Between 5th & 6th Street

Price Information

Listing Price Info

Price Summary:

  • List Price: $399,000

Tax Information:

  • Annual Amount: $6,739
  • Tax Year: 2020
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MLS Details

MLS Information:

  • MLS Number: #582710

Listing Office:

  • Office Name: Keller Williams Realty Jersey Shore-Ocean City
  • Office Phone: (609) 399-5454

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: 4/28/2024, 2:25:22 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

Feb 22, 2017Home Sold
$157,000

Tax History

YEARPROP. TAXASSESSMENT
2020$6,739$215,100
2019$6,739$215,100
2018$6,597$215,100
2017$6,361$215,100

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.

High School

school-card-donut-1835893
5
/10

  • Mainland Regional High School

  • 1301 Oak Ave

  • 2.56 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 $70,888. The majority of Atlantic County, NJ residents have income between $35k-100k 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

Frequently Asked Questions About 508 W New Jersey Ave

What is the listing price of this property?

The listing price of 508 W New Jersey Ave property is $399,000.

What type of property is this?

The property 508 W New Jersey Ave is a house located in Somers Point, New Jersey, 08244.

Is this property for sale now?

Active Listing: 508 W New Jersey Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 508 W New Jersey Ave are:
Mainland Regional High School: GreatSchools Rating 5/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $6,739 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on February 22, 2017 for $157,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 508 W New Jersey Ave has 3 bedrooms and 2 bathrooms.

Which year was this property built?

The year of construction for 508 W New Jersey Ave is 1932.

Rocket Homes›New Jersey›Atlantic County›Somers Point›08244›508 W New Jersey Ave

This home is located at 508 W New Jersey Ave in Somers Point, NJ and zip code 08244. This home was built in 1932. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 01, 2024 and is currently priced at $399,000.

In March 2024 more than 68 listings in Atlantic County, NJ were sold above the asking price. During the same period more than 48 listings were sold at asking price, while more than 132 were sold below. Between February 2024 and March 2024, Atlantic County, NJ real estate market has seen increase in the number of listings by 3.7%. In March 2024 median list price was $336,577 and the average listing age was 48 days.

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

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