NOT LISTED FOR SALE

100 Somerset Ln Ocean City, NJ 08226

Estimated Value: $635,000 - $2,492,000

3 Beds
1.5 Baths
898 Sq Ft
$1,682/Sq Ft Est. Value

Last Sold February 21, 2020

Last sale price $399,500 $445 Per Sq Ft

Est. 278% increase in value since last sale

Current estimated payment $9,304/month

54 Days on Market

Highlights

  • Corner Lot
  • Laundry Room
  • Central Air
  • Ocean City Primary School Rated A
  • Bungalow
  • Vinyl Flooring

About This Home

As of February 2020

Single family home with unobstructed views of the meadows in the Merion Park neighborhood. Prime location on the corner and dead end up to the meadows. Enjoy plenty of yard space and a garage. Plenty of options to build the home of your dreams on this lot with views of a lifetime!

Last Agent to Sell the Property

Jeff Quintin

eXp Realty - Ocean City S382K Listed on: 10/03/2019

Last Buyer's Agent

Harry Vanderslice

Compass New Jersey-Ocean City (O463H)

Compass New Jersey-Ocean City (O463H)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,190

Year Built

  • Built in 1954

Lot Details

  • Lot Dimensions are 97x80
  • Corner Lot

Parking

  • 1 Car Garage

Home Design

  • Bungalow
  • Asbestos Siding

Kitchen

  • Stove
  • Dishwasher

Flooring

  • Vinyl Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Central Air
  • Heating Available

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,190

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: Bungalow
  • Lvt Date: 10/03/2019
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Stove, Refrigerator, Washer
  • Flooring: Vinyl
  • Bedrooms: 3
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Other Rooms: Laundry/Utility Room

Exterior Features

  • Siding Exterior: Asbestos

Garage/Parking

  • Garage: One Car
  • Parking Exterior: One Car

Utilities

  • Air Conditioner: Central
  • Heating: Electric
  • Sewer: Public Sewer
  • Water: Public

Lot Info

  • Location: Corner
  • Lot Dimensions: 97x80
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2017
Closed on
Jul 31, 2017
Sold by
Foulke Carrie and Foulke Glen
Bought by
Armour Linda
Seller's Agent
Brian Kolmer
BERGER REALTY-A
Buyer's Agent
Brian Kolmer
BERGER REALTY-A
List Price
$365,000
Sold Price
$365,000
Current Estimated Value
$1,510,006

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,145,006
Avg. Annual Appreciation
18.93%

Purchase Details

Closed on
Sep 25, 2009
Sold by
Foulke Glenn and Foulke Carrie
Bought by
Foulke Carrie

Purchase Details

Closed on
Aug 2, 2004
Sold by
Florio Remo and Florio Mary Theresa
Bought by
Foulke Glenn and Foulke Carrie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.89%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 30, 1995
Sold by
Pardini Thomas A
Bought by
Florio Remo and Florio Mary Theresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
8.2%
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Armour Linda $365,000 None Available
Foulke Carrie -- None Available
Foulke Glenn $650,000 The Title Company Of Jersey
Florio Remo $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Foulke Glenn $150,000
Previous Owner Florio Remo $72,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/21/2020 02/21/20 Sold $399,500 -8.2% $445 / Sq Ft
11/26/2019 11/26/19 Pending -- -- --
11/06/2019 11/06/19 Price Changed $435,000 -6.4% $484 / Sq Ft
10/03/2019 10/03/19 For Sale $464,500 +27.3% $517 / Sq Ft
07/31/2017 07/31/17 Sold $365,000 0.0% $406 / Sq Ft View Prior Sale
06/28/2017 06/28/17 Pending -- -- --
04/10/2017 04/10/17 For Sale $365,000 -- $406 / Sq Ft
Source: South Jersey Shore Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $15,190 $1,353,800 $359,500 $994,300
2024 $15,190 $1,353,800 $359,500 $994,300
2023 $14,934 $1,394,400 $359,500 $1,034,900
2022 $3,699 $359,500 $359,500 $0
2021 $3,118 $417,900 $359,500 $58,400
2020 $4,087 $417,900 $359,500 $58,400
2019 $4,041 $417,900 $359,500 $58,400
2018 $4,003 $417,900 $359,500 $58,400
2017 $3,941 $417,900 $359,500 $58,400
2016 $3,790 $417,900 $359,500 $58,400
2015 $3,740 $417,900 $359,500 $58,400
2014 $3,686 $417,900 $359,500 $58,400
Source: Public Records

Agents Affiliated with this Home

  • Jeff Quintin

    Seller's Agent in 2020

    Jeff Quintin

    eXp Realty - Ocean City S382K

    (609) 398-5333

    159 in this area

    505 Total Sales

    Jeff Quintin
    Section Image
  • Harry Vanderslice

    Buyer's Agent in 2020

    Harry Vanderslice

    Compass New Jersey-Ocean City (O463H)

    (609) 675-1575

    76 in this area

    102 Total Sales

    Harry Vanderslice
    Section Image
  • Brian Kolmer

    Seller's Agent in 2017

    Brian Kolmer

    BERGER REALTY-A

    (609) 399-0040

    16 in this area

    16 Total Sales

    Brian Kolmer
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 528868

South Jersey Shore Regional MLS

APN: 08-03808-0000-00001

New Jersey Cape May County Ocean City 08226

100 Somerset Ln, Ocean City, NJ

This home is located at 100 Somerset Ln, Ocean City, NJ 08226 since 03 October 2019 and is currently estimated at $1,510,006, approximately $1,681 per square foot. This property was built in 1954. 100 Somerset Ln is a home located in Cape May County with nearby schools including Ocean City Primary School, Ocean City Intermediate School, and Ocean City High School.

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