Three contiguous lots that make up the entire frontage of Pacific Ave between South Connecticut and Congress for a total of 17,129 square feet of land with a 3900 sqft two story building standing on one of the corner lots. One large fenced in corner lot makes up the busy corner intersection at Pacific and S. Connecticut which is the feeder street to the new Ocean Resort Casino, across from the new luxury apartment complex 600 NoBe built by Boraia on one side and across from the Bella Luxury Condo Tower on Pacific. In the middle is a fully leased out parking lot, and on the right is a building shell that can be developed into just about anything you can imagine. Located within the CRDA Tourism district, the site has been newly re-zoned LH-1 which provides for a host of new opportunities for investors. Located just 2 blocks to the Jersey Shore Beaches & Worlds most infamous boardwalk with life guard and comfort station. Walking distance to Historic Gardners Basin where you can enjoy breakfast at Gilchrist and sunsets at Back Bay Ale house, or spend the day at the AC Aquarium or Farleys Marina. Close to the Absecon Lighthouse, Borgata, Harrahs, Golden Nugget, Hard Rock, Steel Pier, Ocean Casino Resort, Resorts, Margaritaville, Showboat, and the countries largest indoor waterpark!
Property Details
Property Features
Listing Office:
Office Name: WEICHERT REALTORS ASBURY GROUP-AC
Office Phone: (609) 344-6200
Lot Features
Lot Information:
Lot: Level, Cleared, Corner Lot
Lot Size: 0.40 Acres
Other
Directions Information:
Directions: All along Pacific ave between S. Connecticut and S. Congress
Price Information
Listing Price Info
Price Summary:
List Price: $1,000,000
Tax Information:
Annual Amount: $8,361
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Atlantic City, NJ.
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: 5/1/2024, 4:25:21 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
YEAR
PROP. TAX
ASSESSMENT
2020
$8,361
$216,000
2019
$5,071
$127,300
2018
$4,498
$127,300
2017
$4,355
$127,300
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$5,058
Per Month
Principal & Interest
$4,991
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$3,065
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
2
/10
Brighton Avenue School
30 N Brighton Ave
Distance between this listing and this school1.83 miles
Public District Grades KG-5
7
/10
Ventnor Elementary School
400 N Lafayette Ave
Distance between this listing and this school4.58 miles
Public District Grades PK-4
8
/10
William H. Ross III School
101 N Haverford Ave
Distance between this listing and this school5.15 miles
Public District Grades PK-4
Nearby Schools
3
/10
Uptown School Complex
323 Madison Ave
Distance between this listing and this school0.41 miles
Public District Grades PK-8
3
/10
Pennsylvania Ave School
201 N Pennsylvania Ave
Distance between this listing and this school0.54 miles
Public District Grades PK-8
1
/10
New York Avenue School
411 N New York Ave
Distance between this listing and this school0.91 miles
Public District Grades PK-8
Nearby Schools
2
/10
Atlantic City High School
1400 N Albany Ave
Distance between this listing and this school3.25 miles
Public District Grades 9-12
1
/10
Pleasantville High School
701 Mill Rd
Distance between this listing and this school6.53 miles
Public District Grades 9-12
5
/10
Mainland Regional High School
1301 Oak Ave
Distance between this listing and this school8.63 miles
The neighbors living near this home have an average income of $32,759. Typical income of Atlantic City, NJ residents is less than $35k annually. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 511 Pacific Ave
What is the listing price of this property?
The listing price of 511 Pacific Ave property is $1,000,000.
What type of property is this?
The property 511 Pacific Ave is land located in Atlantic City, New Jersey, 08401.
Is this property for sale now?
Active Listing: 511 Pacific Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $8,361 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 511 Pacific Ave in Atlantic City, NJ and zip code 08401 in the South Inlet neighborhood. This home sits on a 0.40 acre lot. It has been listed on Rocket Homes since April 17, 2024 and is currently priced at $1,000,000.
In March 2024 more than 2 listings in Atlantic City, NJ were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 16 were sold below. In March 2024 in Atlantic City, NJ there were 3.5% more homes for sale than in February 2024. Listings spent 53 days on the market in March 2024, and had a median list price of $220,500 during the same period.
From Rocket Homes Real Estate and based on county public records data.
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. 
Pro Boxing
Pro Boxing
Figure Skating
Burlington
Family Dollar
Chico's
Popeyes
Church's Chicken
Burger King
Dodge
Cadillac
Buick
Urban Contemporary
Jazz
News