261 New Jersey Ave

Fortescue, NJ 08321

$153,000
Last Sold Price
2
Beds
1,040 Sq. Ft.
$147 / Sq. Ft.
1,040
Sq. Ft.
$147
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 3/23/23
Closed 3/23/23

Description

INCREDIBLE opportunity! This property is literally one block off of the Bay in the lovely small fishing town of Fortescue. Use this as your summer getaway, your primary residence year round, or your extremely profitable Short Term Rental (AIRBNB or VRBO). The quaint town of Fortescue is one of the only places left on the Eastern Seaboard where you can buy land this close to a major body of water at this price. To make it even better, Downe Township is set to bring in PUBLIC SEWER to the area so there...INCREDIBLE opportunity! This property is literally one block off of the Bay in the lovely small fishing town of Fortescue. Use this as your summer getaway, your primary residence year round, or your extremely profitable Short Term Rental (AIRBNB or VRBO). The quaint town of Fortescue is one of the only places left on the Eastern Seaboard where you can buy land this close to a major body of water at this price. To make it even better, Downe Township is set to bring in PUBLIC SEWER to the area so there will be no more septic worries. The fundamentals are here for long-term appreciation! This gorgeous 2 bedroom, 1064 sqft home was once home to the Popeye of Fortescue. This property offers a beautifully remodeled main floor with LVP flooring in the kitchen, new cabinetry, a gas range, stainless steel refrigerator and granite countertops. All of the electrical and plumbing in the first floor as well as structural supports beneath the home have been recently updated (and all permitted!). Past the kitchen you'll find the full bathroom conveniently near the steps upstairs, also recently renovated. The other side of the main floor is made up of a large living room space, again with new flooring paint, vinyl windows, and two propane heaters. This space is perfect for a dining area, for entertaining family or guests, or anything you can dream up -- think game nights listening to the sounds of the bay. The first floor is rounded out by a lovely screened in porch to take in the gorgeous summer nights. Upstairs you will find the first sleeping area to your left before moving through to the first spacious bedroom. Through the bedroom you will walk into another screened in porch, this time with amazing BAY VIEWS. This porch offers access to the second AND POTENTIALLY THIRD bedroom (steps still exist that can lead to this 3rd bedroom area and can be easily uncovered for this use). These rooms need only a little bit of TLC to bring them to their potential. As a short term rental property you could theoretically sleep 5-6 guests in the upstairs with simple renovations. If the main home was not enough value, you will also be getting the lot at 254 Pennsylvania Avenue, directly behind the property and backing up to preserved land, which acts as a uniquely spacious backyard in a town where this is hard to find! Both properties will convey in the sale. Enjoy a flat play or hangout area behind your home after a great day at the beach. The summer months are phenomenal and getting even more popular in Fortescue. Crabbing, fishing, and fine dining with insane views are here for you to enjoy! Whether you are an investor looking for a value add and profitable property, someone looking for a place to enjoy summers without breaking the bank, or someone that simply enjoys the fishing/crabbing/small town lifestyle that Fortescue offers, this property has a role in your life. You do not want to miss this -- you never know when you will get another chance!
  1. Listed by Michael DePalma • DePalma Realty
    P: (609)-501-4162 michael.depalma4@gmail.com

Property Details for 261 New Jersey Avenue

Tax ID Number
04-00091-00015
Ownership
Fee Simple
Condo Coop Association
No
HOA
No
Structure Type
Detached
Style
Colonial
Levels/Stories
2
Furnished
No
LISTING UPDATED: 03/29/2023 01:19 PM

Property Details for 261 New Jersey Avenue

StatusClosed
MLS #NJCB2011050
Days on Market13
Taxes$3,275 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Fee Simple
Year Built1945
Lot Size0.04 AC / 1,742 SF
CountyCumberland County NJ
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Location

Listing Courtesy of DePalma Realty

Sold By BHHS Fox & Roach - Haddonfield

Add your commute

Building Information for 261 New Jersey Avenue

Stories2Year Built1945Building Size-Lot Size0.04 AC / 1,742 SF

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$1,015 per month

30 year fixed, 6.11% Interest

Principal and Interest

$743

Property Taxes

$273

HOA Dues

$0

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Property Information for 261 New Jersey Avenue

Location
Location
  • School District Name: DOWNE TOWNSHIP PUBLIC SCHOOLS
  • School District County ID: 300200397435
  • SchoolDistrictSource: 3rd Party
  • County: CUMBERLAND
  • MLS Area: Downe Twp (20604)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: Yes
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
  • Senior Community: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2022
  • Tax Assessed Value: $127,800
  • Year Assessed: 2022
  • Improvement Assessed Value: $62,800
  • Land Assessed Value: $65,000
  • Clean Green Assessed: No
  • Land Use Code: 0
  • Zoning: R
  • Tax Lot: 00015
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Concessions: No
Rooms
Main
  • # Bedrooms Count Main Level: 0
  • # Bathrooms Count Main Level: 1
  • # Bathrooms Full Main Level: 1
All Upper Levels
  • # Bedrooms Count All Upper Levels: 2
  • # Bathrooms Count All Upper Levels: 0
  • # Bathrooms Full All Upper Levels: 0
  • # Bathrooms Half All Upper Levels: 0
Upper Level 1
  • # Bedrooms Count Upper Level: 2
  • # Bathrooms Count Upper Level: 0
  • # Bathrooms Full Upper Level: 0
  • # Bathrooms Half Upper Level: 0
Rooms
  • Room List: Living Room, Bedroom 2, Kitchen, Bedroom 1, Bathroom 1, Screened Porch
  • Stories: Main, Upper 1
Rooms Information
Room 1
  • Room Type: Kitchen
  • Room Level: Main
  • Room Exists: Yes
Room 2
  • Room Type: Bathroom 1
  • Room Level: Main
  • Room Exists: Yes
Room 3
  • Room Type: Living Room
  • Room Level: Main
  • Room Exists: Yes
Room 4
  • Room Type: Screened Porch
  • Room Level: Upper 1
  • Room Exists: Yes
Room 5
  • Room Type: Bedroom 1
  • Room Level: Upper 1
  • Room Exists: Yes
Room 6
  • Room Type: Bedroom 2
  • Room Level: Upper 1
  • Room Exists: Yes
Room 7
  • Room Type: Screened Porch
  • Room Level: Main
  • Room Exists: Yes
Building Info
Building Info
  • Total Finished SQFT: 1,040.00
  • Total Finished SQFT Source: Assessor
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Location Type: Bayfront
  • Parcel ID: 3113161
Parking
Parking
  • Type Of Parking: Off Street
  • Off Street - # of Spaces: 4
  • Parking Features: Dirt Driveway
Interior Features
Interior Features
  • Interior Features: Breakfast Area, Dining Area, Family Room Off Kitchen
  • Appliances: Oven/Range - Gas, Dryer, Washer, Refrigerator
  • Accessibility Features: None
  • Laundry Type: Main Floor
Exterior Features
Exterior Features
  • Exterior Features: Play Area
  • Pool: No Pool
  • Other Structures: Above Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Window Unit(s), Wall Unit
  • Cooling Fuel: Electric
  • Heating Type: Other
  • Heating Fuel: Propane - Leased
  • Hot Water: Propane
  • Water Source: Public
  • Sewer Septic: Private Septic Tank

Property History for 261 New Jersey Avenue

DateEvent & SourcePriceAppreciation
Mar 23, 2023

Closed

BRIGHT #NJCB2011050

$153,000—
Mar 15, 2023

Closed (Public Record)

Public Record #1508560051

$153,000

+99.3% / yr

Feb 13, 2023

Pending

BRIGHT #NJCB2011050

—
Feb 1, 2023

Listed (Active)

BRIGHT #NJCB2011050

$150,000—
Nov 21, 2005

Closed (Public Record)

Public Record #575882468

$1—
DateEvent & SourcePrice
03/23/2023

Closed

BRIGHT #NJCB2011050

$153,000
03/15/2023

Closed (Public Record)

Public Record #1508560051

$153,000

+99.3% / yr

02/13/2023

Pending

BRIGHT #NJCB2011050

—
02/01/2023

Listed (Active)

BRIGHT #NJCB2011050

$150,000
11/21/2005

Closed (Public Record)

Public Record #575882468

$1

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

Public Records for 261 New Jersey Avenue

Taxable ValueLand$65,000Additions$62,800Total$127,800
Tax Record2024$3,686 ($307 / month)
Home Facts
Beds0Total Finished SqFt1,040 SqFtAbove Grade Finished SqFt1,040 SqFtStories2Lot Size1,742 SqFtStyleSingle Family ResidenceYear Built1945ZoningRCountyCUMBERLANDAPN04 00091-0000-00015

Schools near 261 New Jersey Avenue

This home is within Downe Township School District.
Rating
School
Type
Grades
Distance
Downe Twp Elementary School
Public - PK to 8
Rating
School
Distance
Downe Twp Elementary School
PublicPK 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, Inc., its subsidiaries, affiliates and their agents and associated third parties 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 DePalma Realty

Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association 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, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association 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.