NOT LISTED FOR SALE

117 Gibbs Ave Somers Point, NJ 08244

Estimated Value: $383,000 - $1,033,000

2 Beds
0.5 Bath
600 Sq Ft
$1,041/Sq Ft Est. Value

Last Sold May 16, 2014

Last sale price $140,000 $233 Per Sq Ft

Est. 346% increase in value since last sale

Current estimated payment $4,577/month

941 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Bungalow
  • Mainland Regional High School Rated A-
  • Living Room
  • Outdoor Shower

About This Home

As of May 2014

Talk about location. Here it is a 120'X 100' lot with bungalow by the Bay in the Historic Distric of Somers Point within walking distance to the beaches and restaurants. The value is in the land with subdivision possibilities. Property being sold in as is condition.

Last Agent to Sell the Property

Glenn Todd

Century 21 - Ocean City License #9031243 Listed on: 09/26/2011

Century 21 - Ocean City

Last Buyer's Agent

datacorrect BrightMLS

Non Subscribing Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,994

Year Built

  • Built in 1931

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 120x100
  • Level Lot
  • Property is zoned HVR

Home Design

  • Bungalow
  • Fixer Upper
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 600 Sq Ft Home
  • Property has 1 Level
  • Living Room
  • Dining Room
  • Wood Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Primary Bedroom
  • 0.5 Bathroom

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • On-Street Parking

Outdoor Features

  • Outdoor Shower
  • Exterior Lighting

Schools

  • Dawes Ave Elementary School

Utilities

  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00003
  • Assessor Parcel Number 21-01510-00003

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,994

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Bungalow
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1931
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring Type: Wood
  • Fireplace: No
  • Levels Count: 1
  • Room List: Living Room, Dining Room, Master Bedroom, Kitchen, Bedroom 1
  • Basement: No
  • Total Sq Ft: 600
  • Living Area Sq Ft: 600
  • Net Sq Ft: 600.00
  • Price Per Sq Ft: 416.67
  • Above Grade Finished Sq Ft: 600
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Total Bathrooms: 1
  • Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Wood Siding
  • Construction Completed: No
  • Exterior Features: Sidewalks, Street Lights, Exterior Lighting, Outside Shower
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 3
  • Parking Features: Street
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: SOMERS POINT
  • Elementary School: DAWES AVE
  • School District Key: 300200396919
  • Elementary School: DAWES AVE

Lot Info

  • Improvement Assessed Value: 30000.00
  • Land Assessed Value: 98900.00
  • Lot Features: Level
  • Lot Size Acres: 0.28
  • Lot Dimensions: 120X100
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 12000.00
  • Property Condition: Fixer
  • Zoning: HVR

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 3431202
  • Tax Annual Amount: 5994.00
  • Assessor Parcel Number: 21-01510-00003
  • Tax Lot: 00003
  • Tax Year: 2013
  • Close Date: 05/16/2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 26, 2011
Closed on
May 16, 2014
Sold by
Coles Estate Of Muriel
Bought by
Gauges Lawrence and Diane Cyr-
Seller's Agent
Glenn Todd
Century 21 - Ocean City
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$399,000
Sold Price
$140,000
Premium/Discount to List
-$259,000
-64.91%
Current Estimated Value
$624,533

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$484,533
Avg. Annual Appreciation
14.15%

Purchase Details

Closed on
Nov 24, 1997
Sold by
Ridgway Joseph M and Ridgway Mary Jane
Bought by
Ridgway Mary Jane
Source: Public Records

Range of Values:

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Average Value
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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
Gauges Lawrence $140,000 --
Ridgway Mary Jane -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gauges Lawrence $343,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2014 05/16/14 Sold $140,000 -44.0% $233 / Sq Ft
06/17/2013 06/17/13 Price Changed $250,000 -37.3% $417 / Sq Ft
09/26/2011 09/26/11 For Sale $399,000 -- $665 / Sq Ft
Source: Bright 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 $14,401 $402,700 $93,500 $309,200
2024 $14,401 $402,700 $93,500 $309,200
2023 $13,454 $402,700 $93,500 $309,200
2022 $13,454 $402,700 $93,500 $309,200
2021 $13,253 $402,700 $93,500 $309,200
2020 $12,983 $402,700 $93,500 $309,200
2019 $12,617 $402,700 $93,500 $309,200
2018 $12,351 $402,700 $93,500 $309,200
2017 $3,197 $108,100 $93,500 $14,600
2016 $3,052 $108,100 $93,500 $14,600
2015 $3,020 $108,100 $93,500 $14,600
2014 $2,919 $108,100 $93,500 $14,600
Source: Public Records

Agents Affiliated with this Home

  • Glenn Todd

    Seller's Agent in 2014

    Glenn Todd

    Century 21 - Ocean City

    (609) 440-7424

    11 Total Sales

    Glenn Todd
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Map

Source: Bright MLS

MLS Number: 1004543546

Bright MLS

APN: 21-01510-0000-00003

New Jersey Atlantic County Somers Point 08244

117 Gibbs Ave, Somers Point, NJ

This home is located at 117 Gibbs Ave, Somers Point, NJ 08244 since 26 September 2011 and is currently estimated at $624,533, approximately $1,040 per square foot. This property was built in 1931. 117 Gibbs Ave is a home located in Atlantic County with nearby schools including Mainland Regional High School, ChARTer TECH High School for the Performing Arts, and Saint Joseph Regional School.

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