508 West New Jersey Avenue

Somers Point, NJ 08244

$350,000
Last Sold Price
3
Beds
2
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

Sold 9/29/24

Sold 9/29/24

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a kitchen with stainless steel appliances a refrigerator stove and microwave
a kitchen with stainless steel appliances granite countertop a sink a stove and a refrigerator
a kitchen with a sink and wooden cabinets
a bathroom with a bathtub and shower
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a view of an empty room with wooden floor and a window
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a living room with furniture and a flat screen tv
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a kitchen with stainless steel appliances granite countertop a refrigerator a stove top oven a sink dishwasher and white cabinets with wooden floor
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a bathroom with a sink and a mirror
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Description

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! One unit already comes with a tenant place! These two homes have 2 separate addresses, back up to one...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! One unit 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 floor plan & 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 for 508 West New Jersey Avenue

City/Community
Somers Point
Class
RESIDENTIAL
Parking - Exterior
Two Car
Waterfront (Y/N)
No
Zoned
R-1
LISTING UPDATED: 09/29/2024 10:57 AM

Property Details for 508 West New Jersey Avenue

StatusSold
MLS #585091
Days on Market122
Taxes$7,464 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeRESIDENTIAL / Single Family
Year Built1932
Lot Size0.17 AC / 7,350 SF
CountyAtlantic County

Building Information for 508 West New Jersey Avenue

Stories-Year Built1932Building Size-Lot Size0.17 AC / 7,350 SF

Property Information for 508 West New Jersey Avenue

Summary
Location and General Information
  • Address: 508 W New Jersey Ave
  • Address Direction: W
  • Address Number: 508
  • Address Search Number: 508
  • Address Street: New Jersey
  • Area: Somers Point City
  • County: Atlantic
  • Directions: Shore Rd S Right on W New Jersey, Between 5th & 6th Street
  • Fips Code: 34001
  • State: NJ
  • Street Designation: Ave
  • Style: Ranch
  • Zip: 08244
Parking
  • Garage: None
Taxes and HOA Information
  • Homeowners Assoc Fee: $0
  • LVT Date: 05-10-2024
  • Tax Year: 2023
  • Taxes: 7464
Property
Lot Information
  • Approved Short Sale?: N/A
  • Block #: 5
  • Lot #: 1720
  • Lot Dimensions: 50 x 147
  • Lot Size: Less than One Acre
Property and Assessments
  • Associated Document Count: 2
  • Doc Timestamp: 05-10-2024
  • Improved Value: $149,300
  • Land Value: $65,800
  • Property Id: 21-01720-0000-00005
  • Total Assessment: 215100
  • Water: Public
  • Year Built: 1932
  • Adult Community/55+: No
Utilities
  • Full Baths: 2
  • Sewer: Public Sewer
  • Water Heater: Gas
Interior and Exterior Features
Exterior Features
  • Outside Features: Fenced Yard, Shed, Sidewalks
  • Siding/Exterior: Vinyl
  • Storms/Screens: Combination, Insulated Glass
Interior Features
  • Air Conditioning: Ceiling Fan(s), Central
  • Appliances: Dishwasher, Refrigerator
  • Basement: Full, Unfinished
  • Bedrooms: 3
  • Flooring: Laminate Flooring
  • Half Baths: 0
  • Heating: Forced Air, Gas-Natural
  • Other Rooms: Dining Room, Eat In Kitchen
  • Rooms: 9
Multi Family
Multi-Family Information
  • Limited Service (Y/N): No

Property History for 508 West New Jersey Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 508 West New Jersey Avenue

Taxable ValueLand$65,800Additions$149,300Total$215,100
Tax Record2023$7,464 ($622 / month)
Home Facts
Beds0Total Finished SqFt1,572 SqFtAbove Grade Finished SqFt1,572 SqFtStories1Lot Size7,349 SqFtStyleSingle Family ResidenceYear Built1932ZoningR-1CountyATLANTICAPN21 01720-0000-00005

Schools near 508 West New Jersey Avenue

This home is within Mainland Regional High School District.
Rating
School
Type
Grades
Distance
Jordan Rd Elementary School
Public - 4 to 8
Mainland Reg High School
Public - 9 to 12
Dawes Ave Elementary School
Public - PK to 3
St. Joseph Regional School
Private - PK to 8
Rating
School
Distance
Jordan Rd Elementary School
Public4 to 8

Mainland Reg High School
Public9 to 12

Dawes Ave Elementary School
PublicPK to 3

St. Joseph Regional School
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty Jersey Shore-Ocean City

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.