1214 Peterson Way, Absecon, NJ, 08201
About This Home
Excellent investment opportunity with a tenant already in place through May 1, 2028! Welcome to 1214 Peterson Way, a beautifully maintained townhome built in 2024 by D.R. Horton, offering modern finishes, low-maintenance living, and no HOA fees in one of Absecon’s most desirable neighborhoods. The main level features a bright, open-concept floor plan with a modern kitchen showcasing stainless steel appliances, granite countertops, soft-close cabinetry, and a breakfast bar overlooking the living and dining areas. The back door off the living space leads to a private backyard with newly added vinyl stairs, creating the perfect setting for relaxing or entertaining. The first floor also includes a convenient half bath, access to the full unfinished basement offering abundant storage or future finishing potential, and entry to the attached one-car garage. Upstairs, the expansive primary suite offers a walk-in closet and a private en-suite bathroom with a double vanity. The second level also features two additional bedrooms, a full hall bathroom, a dedicated laundry closet, linen closet, and an oversized hallway storage closet. Recent upgrades completed within the past six months include custom blinds throughout, ceiling fans in every room, and a premium $10,000 RainSoft water and air purification system. Ideally located just minutes from Atlantic City, Jersey Shore beaches, shopping, restaurants, Stockton University, and major highways including the Garden State Parkway and Atlantic City Expressway, this beautiful property offers an exceptional opportunity for investors seeking immediate rental income with a quality tenant already in place. Don’t miss your chance to own this like-new home in a prime Absecon location!
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Excellent
- Year built: 2024
Materials
- Foundation: Slab,Concrete Perimeter
- Roof: Architectural Shingle
- Construction materials: Batts Insulation,Blown-In Insulation,Frame,Vinyl Siding
Other
- Builder model: Delmar
- Builder name: D.R. Horton
Type & Style
- Home type: Townhouse
- Architectural style: Colonial,Coastal,Craftsman
- Property subType: Townhouse
Interior
Appliances
- Appliances included: Stainless Steel Appliance(s),Cooktop,Microwave,Dishwasher,Disposal,Gas Water Heater
Basement
- Area: 0
Basement
- Has basement: Yes
- Basement: Concrete,Unfinished,Heated
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Features
- Combination Dining/Living,Combination Kitchen/Dining,Open Floorplan,Kitchen Island,Pantry,Upgraded Countertops,Walk-In Closet(s)
- Flooring: Laminate,Carpet,Vinyl
- Finished area below ground: 0
- Finished area above ground: 1,288
Heating & Cooling
- Heating features: Forced Air,Natural Gas
- Cooling features: Central Air,Natural Gas
Interior Area
- Total structure area: 1,288
- Total interior livable area: 1,288 sqft
Property
Accessibility
- Accessibility features: Doors - Swing In
Details
- Parcel number: 190020000020 25
- Zoning: RES
- Special condition: Standard
- Exclusions: E
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Lot size: 3,999 sqft
- Features: Cleared,Middle Of Block
- Lot size dimensions: 40.00 x 100.00
Parking
- Total spaces: 1
- Parking features: Inside Entrance,Attached,Driveway
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Strong Wind
- Hurricane
- Lightning
- Winter Weather
- Cold Wave
- Heat Wave
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across New Jersey Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,800 | $21,600 |
| Home Insurance * | $161 | $1,932 |
| Property Taxes | $551 | $6,612 |
| Electricity | $193 | $2,318 |
| Total | $2,705 | $32,460 |
Income You'd Need if You Spent...
New Jersey FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-02 | Listed for sale | $356,000 |
| 2026-04-28 | Listing removed | $4,999 |
| 2026-03-31 | Listed for rent | $4,999 |
| 2026-03-30 | Listing removed | $2,862 |
| 2026-03-27 | Listed for rent | $2,862 |
| 2026-03-27 | Listing removed | $2,862 |
| 2026-03-24 | Listed for rent | $2,862 |
| 2025-12-08 | Sold | $362,500 |
| 2025-11-16 | Listing removed | $2,600 |
| 2025-11-10 | Pending sale | $399,999 |
| 2025-11-10 | Contingent | $375,000 |
| 2025-10-19 | Price change | $2,600 |
| 2025-09-25 | Price change | $399,999 |
| 2025-08-26 | Listed for rent | $2,700 |
| 2025-08-26 | Listed for sale | $375,000 |
| 2025-07-29 | Listing removed | $2,700 |
| 2025-07-28 | Pending sale | $375,000 |
| 2025-07-10 | Price change | $375,000 |
| 2025-06-14 | Price change | $2,700 |
| 2025-05-23 | Listed for sale | $399,999 |
| 2024-04-24 | Sold | $314,990 |
| 2023-11-10 | Pending sale | $314,990 |
| 2023-09-25 | Listing removed | -- |
| 2023-03-10 | Pending sale | $279,900 |
| 2023-02-24 | Listed for sale | $279,900 |
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