2 months on rocket

709 Adriatic Ave, Atlantic City, NJ, 08401

$438,000

Home List Price

$5,201*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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709 Adriatic Ave, Atlantic City$438,000

Buyer Closing Credits

$5,201*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingThree or More Cars
Year Built1910
HeatingElectric, Natural Gas
MLS #582672
StatusActive

About 709 Adriatic Ave

INVESTOR ALERT - Bungalow Park Quadplex for sale. Two 3 bdrm units, and two 2bdrm units. One of the three bedroom units on the second floor is occupied, the other three are currently vacant. Get it fully rented and it should be producing about a 15% Cap Rate!! Income and Expenses are available to qualified buyers. Purchase now for about 7 Bitcoins! LOW Taxes & No HOA fees, close to the Beach, Boardwalk, & Gardners Basin! Up to $30,000 in first time home buyers grant money may be available to qualified buyers if they plan to live in one of the units, & make this purchase with little to no money down! Street parking only, Located just a few blocks to the beach & boardwalk with life guards and comfort stations. Walking distance to Historic Gardners Basin where you can enjoy breakfast at Gilchrist & sunsets at Back Bay Ale house, or spend the day at the AC Aquarium. Close to the Absecon Lighthouse, Little Water Distillery, Sports Fields, The Borgata, Harrahs, Golden Nugget, Farley Marina, Hard Rock, Steel Pier, Resorts, Margaritaville, Ocean Resort, Showboat and the new Indoor Water Park! No rental restrictions.

Property Details

Property Features

Property Information:

  • Year Built: 1910

Listing Office:

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

Interior Features

Interior Information:

  • Appliances: Electric Stove, Gas Oven, Refrigerator, Self Cleaning Oven

Exterior Features

Exterior Information:

  • Exterior: Curbs, Sidewalks

Parking Information:

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

Lot Features

Lot Information:

  • Lot: Curbs, Sidewalk

Utilities

Utilities Information:

  • Heating: Electric, Natural Gas

Other

Directions Information:

  • Directions: Between NJ and Delaware Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $438,000

Tax Information:

  • Annual Amount: $3,530
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Atlantic City, NJ.

Med. Sold Price

$220.5K

Med. Price/SqFt

$196

Avg. Days On Market

53

# of Sold Homes

30

709 Adriatic Ave vs Atlantic City

60 DAYS ON ROCKET

+7 Days

$438,000

+$217.5K More

KEY TAKEAWAY

This property is $217.5K 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: #582672

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: 4/29/2024, 11:25:22 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

Sep 17, 2012Home Sold
$81,000
Apr 06, 2006Home Sold
$375,000
Sep 18, 2003Home Sold
$240,000
Jun 11, 2001Home Sold
$170,000

Tax History

YEARPROP. TAXASSESSMENT
2020$3,530$90,500
2019$3,984$100,000
2018$3,533$100,000
2017$4,105$120,000

History based on county public records data.

Payment Calculator

$2,254

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,380

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-3067977
2
/10
  • Brighton Avenue School

  • 30 N Brighton Ave

  • 1.71 miles

  • Public District Grades KG-5

school-card-donut-3067978
7
/10
  • Ventnor Elementary School

  • 400 N Lafayette Ave

  • 4.44 miles

  • Public District Grades PK-4

school-card-donut-3067979
8
/10
  • William H. Ross III School

  • 101 N Haverford Ave

  • 5.04 miles

  • Public District Grades PK-4

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $44,940. The most common annual income of people living in Atlantic City, NJ is between $35k-100k. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas


Rocket Homes›New Jersey›Atlantic County›Atlantic City›08401›709 Adriatic Ave

This home is located at 709 Adriatic Ave in Atlantic City, NJ and zip code 08401 in the Bungalow Park neighborhood. This home was built in 1910. It has been listed on Rocket Homes since February 28, 2024 and is currently priced at $438,000.

Atlantic City, NJ housing market in March 2024 saw over 2 listings sold above listed price, more than 1 sold at listed price and over 16 sold below. The inventory of homes for sale in Atlantic City, NJ between February 2024 and March 2024 increased by 3.5%. 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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