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523 Drexel Ave, Atlantic City, NJ, 08401

4beds
2baths
0sqft
$239,000
--price/sqft
$2,032/moest. monthly cost
$81,280/yrincome needed

About This Home

Property is currently undergoing renovations. Interior photos will be uploaded upon completion of renovations. The home features natural gas heat, window unit air conditioning, public water, and public sewer. More details and updated photos will be provided as renovations progress.

Getting Around

69
WalkingSomewhat Walkable
39
TransitSome Transit
77
BikeVery Bikeable

Schools

Construction

Condition

  • Year built: 1925

Materials

  • Construction materials: Other

Type & Style

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

Interior

Appliances

  • Appliances included: Gas Water Heater

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2
  • Main level bathrooms: 2
  • Main level bedrooms: 4

Features

  • Finished area above ground: 0

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: None

Interior Area

  • Total structure area: 0

Property

Accessibility

  • Accessibility features: 2+ Access Exits

Details

  • Parcel number: 0
  • Zoning: R-3
  • Special condition: Standard

Features

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

Parking

  • Parking features: Driveway
  • 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
    Strong WindVery High
  • Coastal Flooding
    Coastal FloodingRelatively High
  • Hurricane
    HurricaneRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Strong Wind
Coastal Flooding
Hurricane
Inland Flooding
Winter Weather
Cold Wave
Lightning
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 $1,208$14,496
Home Insurance *$261$3,132
Property Taxes $370$4,440
Electricity $193$2,318
Total$2,032$24,384
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$69,668/yr
40% on housing$60,960/yr
45% on housing$54,186/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: 7.4%
7.4%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -2.6%
-2.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 08401$173
Atlantic County$265

vs Homes Sold Last Month

Median $/sqft

ZIP 08401$173
Atlantic County$228

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

DateEventPrice
2026-07-25Listed for sale$239,000
2026-04-29Listing removed$2,450
2026-03-30Price change$2,450
2026-03-12Listed for rent$2,650
2016-12-12Sold$23,500
2016-04-26Listing removed--
2016-04-01Price change$7,500
2016-02-19Listed for sale--
2016-01-20Listing removed--
2016-01-09Price change--
2015-01-06Listed for sale$69,000
2008-02-04Sold$205,000
2006-07-27Sold$60,000

For Sale by Agent

AgentJessica Mashburn
BrokerageEXIT Realty Defined

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