1538 Penrose Ave
Atlantic City, NJ 08401
3 bd 1 ba 958 sqft Lot 3,000 sqft single_family
Most recent sale
$54,000
Feb 21, 2023
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Apr 17, 2025 | Listing removed | $64,000 | AtlanticCity |
| Sep 25, 2024 | Relisted | $64,000 | AtlanticCity |
| Sep 18, 2024 | Listing removed | $64,000 | AtlanticCity |
| Jun 3, 2024 | Listed | $64,000 | AtlanticCity |
| Jan 25, 2024 | Listed | $64,000 | AtlanticCity |
| Feb 21, 2023 | Sold | $54,000 | AtlanticCity |
| Jul 11, 2022 | Listed | $59,000 | MLS #564985 |
| Oct 29, 1987 | Sold | $67,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | — | $32,000 | $32,000 | $1,081 |
| 2024 | — | $32,000 | $32,000 | $1,950 |
| 2023 | $24,500 | $32,000 | $56,500 | $2,014 |
| 2022 | $24,500 | $32,000 | $56,500 | $2,134 |
| 2021 | $24,500 | $32,000 | $56,500 | $2,204 |
| 2020 | $24,500 | $32,000 | $56,500 | $2,223 |
| 2019 | $30,000 | $30,000 | $60,000 | $2,390 |
| 2018 | $30,000 | $30,000 | $60,000 | $2,120 |
| 2017 | $30,000 | $30,000 | $60,000 | $2,053 |
| 2016 | $30,000 | $30,000 | $60,000 | $2,316 |
| 2015 | $30,000 | $30,000 | $60,000 | $2,053 |
| 2014 | $60,200 | $50,000 | $110,200 | $3,690 |
| 2013 | $30,100 | $102,700 | $132,800 | $3,376 |
| 2012 | $60,300 | $102,700 | $163,000 | $3,527 |
| 2011 | $60,300 | $102,700 | $163,000 | $3,174 |
| 2010 | $60,300 | $102,700 | $163,000 | $2,949 |
| 2009 | $60,300 | $135,400 | $195,700 | $3,352 |
| 2008 | $60,300 | $135,400 | $195,700 | $3,260 |
| 2007 | $38,200 | $6,800 | $45,000 | $1,676 |
Property facts
Year built
—
Property type
single_family
Stories
—
Beds
3
Baths
1
Living area
958 sqft
Lot size
3,000 sqft
ZIP code
08401
City
Atlantic City
Street
Penrose Ave
Coordinates
39.37516, -74.44822
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$324
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 1538 Penrose Ave last sell?
1538 Penrose Ave most recently sold on Feb 21, 2023 for $54,000.
What is the current tax assessment for 1538 Penrose Ave?
The most recent total assessment for 1538 Penrose Ave (year 2025) is $32,000 with $1,081 in property tax.
How does 1538 Penrose Ave's assessment compare to its last sale price?
The current assessment is 40.7% below the last sale price of $54,000.
When was 1538 Penrose Ave built?
The year built for 1538 Penrose Ave is not in our records.
How does 1538 Penrose Ave compare to others on Penrose Ave?
We track 8 other properties on Penrose Ave. Browse the list under "Other properties on Penrose Ave" to compare beds, baths, and sale history.
What are the property facts for 1538 Penrose Ave?
1538 Penrose Ave is a 3 bed, 1 bath, 958 sqft, 3,000 sqft lot single_family.
Is 1538 Penrose Ave a flip candidate?
No — 1538 Penrose Ave does not appear in our flips dataset.
Is 1538 Penrose Ave a tax-appeal candidate?
No — 1538 Penrose Ave is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+8.1%
Implied 1-yr
+32.4%
2026 Q3
$533.7K
2026 Q4
$562K
ZIP 08401 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Penrose Ave