NOT LISTED FOR SALE

115 7th Terrace Egg Harbor City, NJ 08215

Estimated Value: $205,000 - $250,000

-- Bed
-- Bath
-- Sq Ft
2,004 Sq Ft Lot

Last Sold March 12, 2024

Last sale price $185,200

Est. 23% increase in value since last sale

Current estimated payment $1,624/month

3 Days on Market

Highlights

  • Forced Air Heating System
  • Cedar Creek High School Rated A-
  • Baseboard Heating

About This Home

As of March 2024

HIGHEST AND BEST BY MONDAY 15TH 12 NOON. Attn Investors !! Legal duplex in Egg Harbor City in Good Condition, 2nd floor Apt has 2 bedrooms, 1 bath, LR, kitchen, storage in the walk up attic, and vacant, Ready for you to choose your own tenant and rental amount. Electric base board heat and electric H/W heater, gas range. Recently painted and has a new CO and a Lead Safe Certificate. 1st Floor Apt is occupied with a M/M lease, LR, Kitchen, 1 bedroom and bath. Gas F/A heat, electric H/W heater. Current rent is $850.00 p/month. There is also 1 car attached garage next to this Apt. Owners use it for storage. Potential to open the garage wall to make the 1st floor Apt into a 2 bedroom Apt. Property being Sold in AS IS Condition, Buyer responsible for all inspections, certifications and repairs necessary to settle at their expense.

Last Agent to Sell the Property

Frank Adase

CENTURY 21 FRICK REALTORS Listed on: 01/08/2024

CENTURY 21 FRICK REALTORS

Last Buyer's Agent

AGENT NON-MEMBER

NON-MEMBER OFFICE License #00000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,714

Lot Details

  • Lot Dimensions are 40 x 50

Home Design

  • Duplex
  • Brick Exterior Construction
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • Insulated Windows
  • Storage In Attic
  • Stove

Parking

  • 1 Car Garage
  • Off-Site Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Separate Meters
  • Electric Water Heater

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,714

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Duplex
  • Lvt Date: 01/10/2024
  • Allow Comsumer Comment: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Electric Stove, Gas Stove, Refrigerator
  • Basement: Slab
  • Other Rooms: Storage Attic

Exterior Features

  • Siding Exterior: Brick, Vinyl
  • Storm Screens: Insulated Glass

Garage/Parking

  • Garage: One Car
  • Parking Exterior: Off Site Parking

Utilities

  • Heating: Baseboard, Electric, Forced Air, Gas-Natural
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Electric

Lot Info

  • Lot Dimensions: 40 x 50

Rental Info

  • Rental Information: Monthly

Multi Family

  • Number Of Units: 2
  • Number Of1 Bedroom Units: 1
  • Number Of2 Bedroom Units: 1
  • Separate Meters: Cable Tv, Electric, Gas, Heat, Hot Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 8, 2024
Closed on
Mar 12, 2024
Sold by
Gorbig Rita
Bought by
115 7Th Terrace Group Realty Llc
Seller's Agent
Frank Adase
CENTURY 21 FRICK REALTORS
Buyer's Agent
AGENT NON-MEMBER
NON-MEMBER OFFICE
List Price
$155,000
Sold Price
$185,200
Premium/Discount to List
$30,200
19.48%
Views
17
Current Estimated Value
$227,720

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,520
Avg. Annual Appreciation
15.10%
Original Mortgage
$138,900
Outstanding Balance
$76,804
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$150,916

Purchase Details

Closed on
May 29, 1963
Bought by
Gorbig Richard and Gorbig Rita
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
115 7Th Terrace Group Realty Llc $185,200 Fidelity National Title
Gorbig Richard $6,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 115 7Th Terrace Group Realty Llc $138,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/12/2024 03/12/24 Sold $185,200 +19.5% --
01/11/2024 01/11/24 Pending -- -- --
01/08/2024 01/08/24 For Sale $155,000 -- --
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 $4,714 $84,500 $27,700 $56,800
2024 $4,714 $86,000 $27,700 $58,300
2023 $4,690 $86,000 $27,700 $58,300
2022 $4,690 $86,000 $27,700 $58,300
2021 $4,494 $86,000 $27,700 $58,300
2020 $4,542 $86,000 $27,700 $58,300
2019 $4,519 $86,000 $27,700 $58,300
2018 $4,527 $86,000 $27,700 $58,300
2017 $4,773 $102,300 $33,600 $68,700
2016 $4,637 $102,300 $33,600 $68,700
2015 $4,374 $102,300 $33,600 $68,700
2014 $4,274 $102,300 $33,600 $68,700
Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2024

    Frank Adase

    CENTURY 21 FRICK REALTORS

    (609) 442-3393

    18 Total Sales

    Frank Adase
    Section Image

  • A

    Buyer's Agent in 2024

    AGENT NON-MEMBER

    NON-MEMBER OFFICE

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 581127

South Jersey Shore Regional MLS

APN: 07-00321-0000-00004-02

New Jersey Atlantic County Egg Harbor City 08215

115 7th Terrace, Egg Harbor City, NJ

This home is located at 115 7th Terrace, Egg Harbor City, NJ 08215 since 08 January 2024 and is currently estimated at $227,720. 115 7th Terrace is a home located in Atlantic County with nearby schools including Charles L. Spragg Elementary School, Egg Harbor City Community School, and Cedar Creek High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

South Jersey Shore Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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