tomo logo

$225,000

Beds
2
Baths
1.5
sq ft
1,036

7 S Metropolitan Ave, Atlantic City, NJ 08401

7 S Metropolitan Ave

ATLANTIC CITY, NJ 08401

  • 97 days on market
    • Price drop $9,900↓
This beautifully renovated home in Atlantic City's coveted Northeast Inlet area offers the perfect combination of luxury, convenience, and prime location; just steps from the beach, boardwalk, Ocean Casino, and Hard Rock Casino. Whether you're looking for a profitable investment or a personal getaway, this property delivers exceptional value. Currently operating as a successful Airbnb, it offers immediate rental income potential; fully furnished and ready to generate cash flow from day one! With no homeowner association fees and plenty of parking available, you can enjoy greater freedom and more profit. Inside, everything is brand new, including a stylish kitchen, bright living room, dining area, two bedrooms including a spacious master, and one and a half modern baths. This home also comes equipped with a washer and dryer conveniently situated on the second floor. The unbeatable location allows you to walk to the beach, boardwalk, and top attractions, while also being close to the scenic back bay and Gardiner's Basin. Gorgeous, affordable, and turnkey, this property is an ideal opportunity for both investors and those seeking the ultimate Jersey Shore retreat.

Details

Property type

Townhouse

Est. home value

$164,222

Lot size

645 sq ft

Price per sq ft

$218

Year built

1900

Annual property taxes

$3,072

HOA

No

Price History

02/20/2025
Bright

Bright #NJAC2015448

Price change
$225,000
-4.21%
02/11/2025
Bright

Bright #NJAC2015448

Pending
$234,900
-0.04%
12/06/2024
Bright

Bright #NJAC2014904

Removed
$235,000
+0.04%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

ATLANTIC CITY SCHOOLS

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$119,093
Asking price
$225,000
Closing costs (~8% of asking)
-$18,000
Est. remaining loan balance
-$87,907
Cash to seller
$119,093

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Advisors Mortgage Group Llc

Loan start date

May 2022

Original loan amount

$92,000

Est. remaining balance

$87,907

Interest rate

4.72%

Loan type

New Conventional, 30 year

Seller

Tyrone Jenkins

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 03/04/2025 at 12:05 AM

Listing updated: 02/20/2025 at 1:44 PM

Listed by: Hader Rivas, EXP Realty, LLC Phone #: (866) 201-6210

MLS: Bright #NJAC2015448

Bright logo