523 Park Place Drive, Cherry Hill, NJ 08002 - Photo 1

1/1

$295,000

Sold
Closed
Condo
2 Beds
2 Full Baths
1,312 Sq. Ft.

1/1

Property Description

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!

Full Property Details

Full Property Details for 523 Park Pl Dr

General

Sold For: $295,000
HOA FEE: $313/month
Taxes: $5,559 (2024)
Status: Closed
Type: Condo
Source: BrightMLSPhilly
MLS ID: NJCD2085552
Added to Site: 382 day(s) ago

Interior

Number of Rooms: 6
Interior Features: Skylight(s), Ceiling Fan(s), Breakfast Area, Floor Plan - Traditional, Kitchen - Eat-In
Appliances: Energy Efficient Appliances
Flooring: Fully Carpeted, Tile/Brick, Marble

Rooms

Bathrooms

Total Bathrooms: 2
Full Bathrooms: 2
Main Floor Baths: 2
Main - Full Baths: 2

Bedrooms

Total Bedrooms: 2
Bedrooms Main & Up: 2

Additional Information

Shared Amenities: Tennis Courts, Swimming Pool, Club House
Shared Pool: Yes
Pool: Yes

Exterior

Exterior Features: Exterior Lighting, Sidewalks, Street Lights
Porch/Patio/Deck: Deck(s), Balcony

Parking

Parking Features: Private
Parking Type: Parking Lot

Location

Area: Cherry Hill Twp (20409)
Municipality: CHERRY HILL TWP
County: Camden
Development Name: Park Place
Subdivision: Park Place
Driving Directions: Grove St t To Park Dr

School Information

School District: Cherry Hill Township Public Schools

Community

Association: Yes
Assoc. Name: PARL PLACEE CONDOMINIUM
Assoc. Fees Include: All Ground Fee, Ext Bldg Maint, Insurance, Lawn Maintenance, Management, Snow Removal, Trash
Pets Allowed: Yes
Pets: Case by Case Basis

Heating & Cooling

Central air: Yes
Cooling Type: Central A/C
Cooling Fuel: Natural Gas
Heating Type: Forced Air
Heating Fuel: Electric
Water Heater: Natural Gas

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

Architectural Info: Contemporary
Architectural Style: Contemporary
Structure Type: Garden 1 - 4 Floors
Model: HYDE PARK
Construction: Wood Siding, Aluminum Siding
Roof: Shingle
Walls/Ceilings: Cathedral Ceilings
Entry Floor Number: 1
Stories/Levels: 0
Stories Description: Main
Square Feet: 1,312
Sq. Ft. Source: Assessor
Living Area: 1,312 Sq. Ft.
Finished Above Grnd: 1,312 Sq. Ft.
Year Built: 1986
Year Built Source: Assessor
Property Condition: Very Good

Unit Information

Unit Floor in Bldg.: 2

Lot Features

Lot Size (Acres): 0.05
Lot Size (Sq. Ft.): 2,047
Lot Size Source: Assessor
Lot Dimensions: 0.00 x 0.00
Zoning: RESIDENTIAL

Financial Considerations

Price Per Sq. Ft.: $224.85
Association Fee: $313
Assoc Fee Freq.: Monthly
Assessment Year: 2024
City/TownTax Freq: Annually
County Tax Freq: Annually
Tax w/Assessment: $124,700
Tax Amount: $5,559
Tax Year: 2024
Terms: Standard Sale
Tax Total Finished Sq. Ft.: 1312

Disclosures and Reports

Ownership: Fee Simple
Exclusions: Tenant's Furniture.
Inclusions: Kitchen Appliances.
Lot Number: 1

Listed by RealtyMark Properties, Steven P McCullough I
Sold by EXP Realty, LLC, Zoya Gul

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Listing agent

— 523 Park Pl Dr —

Steven P McCullough I

RealtyMark Properties

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Schools

Schools serving 523 Park Pl Dr

School District:Cherry Hill Township School District

Name	Grades	Distance
Clara Barton Elementary School, Cherry Hill, NJ 223 Rhode Island Ave., Cherry Hill, NJ 08034	K-5	1.2 mi
John A Carusi Middle School 315 Roosevelt Dr., Cherry Hill, NJ 08034	6-8	2.3 mi
Cherry Hill High-West High School 2101 Chapel Ave., Cherry Hill, NJ 08034	9-12	1.1 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 523 Park Pl Dr

Date

Details

Price

Change

Source

2/21/2025

Sold

$295,000

—

MLS

2/03/2025

Listed

$295,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Active
Updated 8 hours ago

3
Beds
1
Total Bath
1,120
Sq. Ft.

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23 Center St, Haddon Township, NJ 08108 - Photo 1

Just Listed

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Active
Updated 3 days ago

4
Beds
3
Total Baths
2,300
Sq. Ft.

Listed by Keller Williams Realty - Moorestown, Alexandra DiFilippo

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Just Listed

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Updated 17 hours ago

3
Beds
2
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1,222
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Just Listed

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Open House

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Active
Updated 2 hours ago

3
Beds
2
Total Baths
1,291
Sq. Ft.

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Price Reduced

-$49,900 (-5.26%)

$899,000

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Active
Updated 3 days ago

8
Beds
8
Total Baths
6,000
Sq. Ft.

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501 Somerset Dr, Haddonfield, NJ 08033 - Photo 1

Price Reduced

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$1,095,000

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Active
Updated 1 day ago

4
Beds
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Total Baths
3,566
Sq. Ft.

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Price Reduced

-$26,000 (-20.8%)

$99,000

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Townhouse
Active
Updated 1 day ago

3
Beds
1
Total Bath
1,296
Sq. Ft.

Listed by Keller Williams - Main Street, Patrick M Gorman

424 White Horse Pike, Collingswood, NJ 08107 - Photo 1

Price Reduced

-$1,500 (-0.5%)

$297,500

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Single Family
Active
Updated 3 days ago

5
Beds
2
Total Baths
1,975
Sq. Ft.

Listed by Keller Williams - Main Street, Patrick M Gorman

523 Park Place Drive, Cherry Hill, NJ 08002 (MLS# NJCD2085552) is a Condo property that was sold at $295,000 on February 21, 2025. Want to learn more about 523 Park Place Drive? Do you have questions about finding other Condo real estate for sale in Cherry Hill? You can browse all Cherry Hill real estate or contact a Coldwell Banker agent to request more information.

523 Park Pl Dr Cherry Hill, NJ 08002