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701 New Jersey Ave, Palmyra, NJ, 08065

3beds
1baths
1,196sqft
$300,000
$251price/sqft
$2,355/moest. monthly cost
$94,200/yrincome needed

About This Home

Homes like this don't come along often. Offered for sale for the first time in 50 years, this lovingly maintained 3-bedroom, 1-bathroom home is filled with timeless character, quality craftsmanship, and decades of pride of ownership. Situated on a desirable oversized corner lot in the heart of Palmyra, this property offers the perfect blend of historic charm, modern peace of mind, and everyday convenience. Step inside and immediately appreciate the warmth and craftsmanship of a bygone era. The inviting enclosed front porch welcomes you home and provides the perfect place to relax with your morning coffee or unwind in the evening. The spacious main level features a comfortable living room, dining room, family room, and kitchen, along with the convenience of a first-floor bedroom and full bathroom—ideal for guests, multi-generational living, or those seeking the ease of main-floor living. The second floor offers two generously sized bedrooms along with a large open bonus room, providing endless possibilities for a home office, playroom, hobby room, or additional living space. Throughout the home, you'll discover the timeless character and architectural details that make classic homes so desirable. Step outside to enjoy the fully fenced backyard on the oversized corner lot, offering plenty of room for entertaining, gardening, pets, or simply enjoying the outdoors. A rare detached two-car garage with upper-level storage provides exceptional space for vehicles, tools, hobbies, or future projects. Lovingly cared for by the same owners for five decades, this home reflects true pride of ownership. Major improvements—including the roof, exterior, and mechanical systems—have been thoughtfully maintained and updated, allowing the next owners to enjoy the home's classic charm with added confidence. Conveniently located near parks, schools, shopping, dining, and just minutes from the Tacony-Palmyra Bridge for an easy commute to Philadelphia, this is a rare opportunity to own a home where character, quality, and care come together. Come experience everything this special Palmyra home has to offer.

Getting Around

55
WalkingSomewhat Walkable
0
TransitVery Limited Transit
50
BikeBikeable

Schools

3/10
Palmyra Middle SchoolGrades 7-80.4 mi
5/10
Palmyra High SchoolGrades 9-120.4 mi

Construction

Condition

  • Year built: 1940

Materials

  • Foundation: Block
  • Construction materials: Frame

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Gas Water Heater

Basement

  • Area: 0

Basement

  • Has basement: Yes
  • Basement: Unfinished,Full

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 3

Features

  • Finished area below ground: 0
  • Finished area above ground: 1,196

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air,Electric

Interior Area

  • Total structure area: 1,196
  • Total interior livable area: 1,196 sqft

Property

Accessibility

  • Accessibility features: Other

Details

  • Parcel number: 270005500010
  • Zoning: RE
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Pool features: None

Parking

  • Total spaces: 2
  • Parking features: Storage,Garage Faces Front,Garage Faces Side,Oversized,Detached
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

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

  • Coastal Flooding
    Coastal FloodingModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Inland Flooding
Ice Storm
Strong Wind
Winter Weather
Tsunami

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

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

MonthlyAnnual
Mortgage $1,516$18,192
Home Insurance *$129$1,548
Property Taxes $517$6,204
Electricity $193$2,318
Total$2,355$28,260
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$80,742/yr
40% on housing$70,650/yr
45% on housing$62,800/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

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.

Insurance Growth Rate5-year average: 7.8%
7.8%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -2.0%
-2.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$251This listing

vs Other Active Listings

Avg $/sqft

ZIP 08065$160
Burlington County$217

vs Homes Sold Last Month

Median $/sqft

ZIP 08065$255
Burlington County$240

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

No price history available

Coming Soon

AgentPete Esposito
BrokerageHomeSmart First Advantage Realty

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