$3,503
closing credit¹
523 Park Place Dr Cherry Hill, NJ 08002
Property details
About 523 Park Place Dr
This tenant-occupied, cash-flowing 2-bed, 2-bath condo in the high-demand Park Place community is a prime investment opportunity. Currently rented at $2,500/month, it offers immediate income with a stable tenant in place. Featuring a modern kitchen, luxury vinyl flooring, and a first-floor bedroom with an attached bath and balcony, the unit is well-maintained and move-in ready. With an assumable mortgage, HOA at $313/month ($3,756 annually), taxes at $468.50/month ($5,622 annually), and insurance at just $326/year, carrying costs are low and predictable. The Park Place community offers desirable amenities like a pool, tennis courts, and clubhouse, making it a high-demand rental location. Located near major highways, shopping, and employers, this turnkey property delivers consistent rental income, strong ROI, and long-term appreciation. Lock in this passive income opportunity today!
Highlights
(ACTIVE)
Summary
- MLS Number: NJCD2085552
- MLS Name: BRIGHT
- Office Name: RealtyMark Properties
- Office Phone: (856) 322-0200
- Office Email: realtymarkproperties@gmail.com
- Listing Agent: Steven P McCullough I
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/11/2025, 1:21:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$295,000
523 Park Place Dr
$3,503
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jun 27, 2022 | Home Sold | $182,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $124,700 | $5,239 |
| 2022 | $124,700 | $5,111 |
| 2021 | $124,700 | $5,047 |
| 2020 | $124,700 | $5,049 |
| 2019 | $124,700 | $5,032 |
History based on county public records data.
Nearby schools
5
Thomas A. Edison Elementary School
Public District PK-5
0.6 mi
•205 Melrose Ave
5
Strawbridge Elementary School
Public District KG-5
0.9 mi
•307 Strawbridge Ave
8
J. Fithian Tatem Elementary School
Public District PK-5
1.2 mi
•1 Glover Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $47,115. The most common annual income of people living in Cherry Hill, NJ is between $35k-100k. Most families are single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Symphony or Opera
PGA/LPGA
Hiking/backpacking
Where do the neighbors shop?
Chico's
Nordstrom Rack
Stein Mart
Where do the neighbors go to eat?
Boston Market
Cracker Barrel
Chipotle
What do the neighbors drive?
Volvo
Buick
Mazda
What do the neighbors listen to?
Talk/Personality
Soft Adult Contemporary
Rock
Frequently asked questions
About 523 Park Place Dr
This home is located at 523 Park Place Dr in Cherry Hill, NJ and zip code 08002. This 1,312 square foot home, which was built in 1986, sits on a 0.05 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since February 4, 2025 and is currently priced at $295,000.
In January 2025, from all listings sold in Cherry Hill, NJ there were more than 15 sold above asking price, over 14 sold below and more than 4 were sold right at the asked price. The inventory of homes for sale in Cherry Hill, NJ between December and January 2025 decreased by 4.7%. While the average time on the market in January 2025 was 32 days, the median list price was $450,600.