For sale

Price cut: $10K (9/1)

$169,900

518 Monroe Ave, Woodbine, NJ 08270

3beds

1,472sqft

$1,203/mo

Get pre-qualified

Single Family Residence

Built in 1955

0.36 Acres Lot

$230,000 Zestimate^®

$115/sqft

$-- HOA

What's special

Investor Opportunity in Woodbine Borough, Cape May County! Attention Investors, contractors, and handy buyers! This property is situated on an oversized 157 x 100 lot and offers endless potential renovation, expansion or investment. Featuring 3 Bedrooms, 2 baths, this home is ready for someone with vision to bring it back to life. The photos provided have been virtually enhanced to illustrate te property's potential after improvements. Whether you are looking for your next project, a rental investment, or a home to customize to your own taste, this property presents an exciting opportunity. Conveniently located in Woodbine Borough with easy access to area amenities, shore destinations and major roadways. Property is being sold As-Is. Buyer responsible for all inspections, resale co, certifications and due diligence.

96 days
1,951
137

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2
Main level bathrooms: 2
Main level bedrooms: 3

Basement

Area: 0

Heating

Baseboard, Natural Gas

Cooling

Multi Units, Wall Unit(s), Natural Gas

Appliances

Included: Gas Water Heater

Features

Basement: Other
Has fireplace: No

Interior area

Total structure area: 1,472
Total interior livable area: 1,472 sqft
Finished area above ground: 1,472
Finished area below ground: 0

Property

Parking

Parking features: Driveway
Has uncovered spaces: Yes

Accessibility

Accessibility features: None

Features

Levels: Two and One Half
Stories: 2.5
Pool features: None

Lot

Size: 0.36 Acres
Dimensions: 100.00 x 157.00

Details

Additional structures: Above Grade, Below Grade
Parcel number: 160007000010
Zoning: R2
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Architectural style: Other
Property subtype: Single Family Residence

Materials

Frame
Foundation: Other
Roof: Shingle

Condition

New construction: No
Year built: 1955

Utilities & green energy

Sewer: Private Sewer
Water: Public

Community & HOA

Community

Subdivision: None Available

HOA

Has HOA: No

Location

Region: Woodbine
Municipality: WOODBINE BORO

Financial & listing details

Price per square foot: $115/sqft
Tax assessed value: $170,700
Annual tax amount: $2,922
Date on market: 6/5/2026
Listing agreement: Exclusive Right To Sell
Ownership: Fee Simple

Foreclosure details

Estimated market value

$230,000

$219,000 - $244,000

$2,729/mo

Price history

Date	Event	Price
9/1/2026	Price change	$169,900-5.6%$115/sqft
Source: Bright MLS #NJCM2007456 Report a problem
8/18/2026	Price change	$179,900-18.2%$122/sqft
Source: Bright MLS #NJCM2007456 Report a problem
8/11/2026	Price change	$220,000-4.3%$149/sqft
Source: Bright MLS #NJCM2007456 Report a problem
6/5/2026	Listed for sale	$230,000+283.3%$156/sqft
Source: Bright MLS #NJCM2007456 Report a problem
7/6/1999	Sold	$60,000+20%$41/sqft
Source: Public Record Report a problem
5/12/1999	Sold	$50,000$34/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,883	$170,700
2024	$2,883 -1.1%	$170,700
2023	$2,916 +1.3%	$170,700
2022	$2,878 +3.3%	$170,700
2021	$2,786 +1.6%	$170,700
2020	$2,743 +7.8%	$170,700
2019	$2,545	$170,700
2018	$2,545 +3.1%	$170,700
2017	$2,468 -10.3%	$170,700
2016	$2,750 +1.4%	$170,700 -15%
2015	$2,712 -0.7%	$200,900
2014	$2,730 +5.2%	$200,900
2013	$2,596 +10.1%	$200,900
2012	$2,357 +1.5%	$200,900
2011	$2,322 +0.9%	$200,900
2010	$2,302 +4.3%	$200,900
2009	$2,208 +9.9%	$200,900
2008	$2,009 +36.8%	$200,900
2007	$1,468	$200,900 +243.4%
2006	--	$58,500
2005	--	$58,500
2004	$1,375	$58,500
2003	--	$58,500
2002	--	$58,500
2001	--	$58,500