NOT LISTED FOR SALE

118 E Johnson Ave Somers Point, NJ 08244

Estimated Value: $323,000 - $424,472

3 Beds
1.5 Baths
1,428 Sq Ft
$252/Sq Ft Est. Value

Last Sold February 05, 2024

Last sale price $291,000 $204 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $2,405/month

5 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • Deck
  • Shed
  • Mainland Regional High School Rated A-
  • Ranch Style House
  • Ceiling Fan

About This Home

As of February 2024

Welcome to the charm of coastal living at 118 E. Johnson Ave. Nestled in a coveted section of Somers Point, this 3-bedroom, 1 1/2-bath Rancher-style home beckons with its promise of relaxed shore living and endless potential. Perfectly situated within walking distance to the picturesque bike path and boasting breathtaking sunset vistas over the bay, this residence embodies the quintessential shore lifestyle. Imagine unwinding to the tranquil hues of the evening sky from your own backyard. Convenience is key here – just minutes away from Ocean City and all the major shore points and beaches, as well as a stone's throw from a plethora of shopping, vibrant nightlife, delightful restaurants, and essential amenities including the hospital. For the avid golfer, the renowned Linwood Country Club awaits a mere 6 minutes away, promising endless rounds of enjoyment. While this property recently appraised for $290,000 in AS-IS Condition (appraisal on file), it awaits the touch of your vision and creativity. With a need for rehab and some TLC, this canvas holds immense potential. Envision crafting your dream shore home, tailored to your preferences, a haven destined to delight for years to come. Seize this opportunity to transform this gem into a cherished retreat – a shore home that mirrors your aspirations and lifestyle, a canvas awaiting your personal touch.

Last Agent to Sell the Property

Derek Doernbach

COLDWELL BANKER ARGUS REAL ESTATE-Northfield Listed on: 12/29/2023

COLDWELL BANKER ARGUS REAL ESTATE-Northfield

Last Buyer's Agent

Derek Doernbach

COLDWELL BANKER ARGUS REAL ESTATE-Northfield Listed on: 12/29/2023

COLDWELL BANKER ARGUS REAL ESTATE-Northfield

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,403

Year Built

  • Built in 1972

Lot Details

  • Lot Dimensions are 50' x 100'
  • Property Fronts a Bay or Harbor
  • Fenced

Parking

  • 3 Parking Spaces

Home Design

  • Ranch Style House

Interior Spaces

  • Ceiling Fan
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Deck
  • Shed

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Electric Water Heater

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,403

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: Ranch
  • Estate: Yes
  • Lvt Date: 12/29/2023
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: W/W Carpet
  • Bedrooms: 3
  • Bedroom 1: Size: 13' x 11', On Level: Main
  • Bedroom 2: Size: 10.5' x 11', On Level: Main
  • Bedroom 3: Size: 10' x 10.5', On Level: Main
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Dining Room: Size: 20.5' x 10', On Level: Main
  • Kitchen: Size: 10' x 6', On Level: Main
  • Living Room: Size: 14' x 23', On Level: Main

Exterior Features

  • Outside Features: Deck, Fenced Yard, Shed

Garage/Parking

  • Parking Exterior: Three Or More Cars

Utilities

  • Air Conditioner: Ceiling Fan(s), Window Units
  • Heating: Baseboard, Electric
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Electric

Lot Info

  • Location: Bay Front
  • Lot Dimensions: 50' x 100'
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 29, 2023
Closed on
Feb 5, 2024
Sold by
Arthur Eberhard And Daphne L Eberhard Re
Bought by
Lazos Kostas and Lazos Anna
Seller's Agent
Derek Doernbach
COLDWELL BANKER ARGUS REAL ESTATE-Northfield
Buyer's Agent
Derek Doernbach
COLDWELL BANKER ARGUS REAL ESTATE-Northfield
List Price
$272,000
Sold Price
$291,000
Premium/Discount to List
$19,000
6.99%
Views
117
Current Estimated Value
$359,368

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,368
Avg. Annual Appreciation
14.39%
Original Mortgage
$218,250
Outstanding Balance
$214,640
Interest Rate
6.66%
Mortgage Type
New Conventional
Estimated Equity
$144,728

Purchase Details

Closed on
Jan 24, 2008
Sold by
Eberhard Arthur and Eberhard Daphne L
Bought by
Eberhard Arthur and Eberhard Daphne L

Purchase Details

Closed on
Mar 8, 1993
Sold by
Hand Albert C
Bought by
Eberhard Arthur and Eberhard Daphne L

Purchase Details

Closed on
Jul 25, 1991
Sold by
Hand Albert
Bought by
Hand Albert
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
Lazos Kostas $291,000 Fidelity National Title
Eberhard Arthur -- None Available
Eberhard Arthur $103,000 --
Hand Albert $12,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lazos Kostas $218,250
Previous Owner Eberhard Arthur $27,000
Previous Owner Eberhard Arthur $28,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/05/2024 02/05/24 Sold $291,000 +7.0% $204 / Sq Ft
01/03/2024 01/03/24 Pending -- -- --
12/29/2023 12/29/23 For Sale $272,000 -- $190 / 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 $5,403 $151,100 $75,000 $76,100
2024 $5,403 $151,100 $75,000 $76,100
2023 $5,048 $151,100 $75,000 $76,100
2022 $5,048 $151,100 $75,000 $76,100
2021 $4,973 $151,100 $75,000 $76,100
2020 $4,871 $151,100 $75,000 $76,100
2019 $4,734 $151,100 $75,000 $76,100
2018 $4,634 $151,100 $75,000 $76,100
2017 $4,468 $151,100 $75,000 $76,100
2016 $4,266 $151,100 $75,000 $76,100
2015 $4,222 $151,100 $75,000 $76,100
2014 $4,080 $151,100 $75,000 $76,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 580791

South Jersey Shore Regional MLS

APN: 21-00710-0000-00009-02