NOT LISTED FOR SALE

118 Gibbs Ave Unit 25 Somers Point, NJ 08244

Estimated Value: $741,000 - $1,000,000

4 Beds
3 Baths
-- Sq Ft
8,015 Sq Ft Lot

Last Sold August 26, 2014

Last sale price $315,000

Est. 163% increase in value since last sale

Current estimated payment $5,638/month

160 Days on Market

Highlights

  • The property is located in a historic district
  • Wood Burning Stove
  • Main Floor Primary Bedroom
  • Mainland Regional High School Rated A-
  • Wood Flooring
  • Breakfast Area or Nook

About This Home

As of August 2014

Lovely Bay Avenue Single Family home in the quaint waterfront historic district of Somers Point. Walk to Bay Avenue beach, marina, playhouse, and many restaurants. Ride your bike or walk across the bay on the newly constructed bridge to Ocean City! Or, hop in the car for a scenic 5 minute trip to Ocean City's beaches, boardwalk and shops.

Last Agent to Sell the Property

FRANCIS MCLAUGHLIN

RE/MAX AT THE SHORE License #1223846 Listed on: 02/10/2014

RE/MAX AT THE SHORE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,620

Lot Details

  • Lot Dimensions are 80 x 100
  • Fenced

Home Design

  • Aluminum Siding

Interior Spaces

  • 2-Story Property
  • Wood Burning Stove
  • Insulated Windows
  • Drapes & Rods
  • Blinds
  • Dining Area
  • Storage
  • Crawl Space
  • Storage In Attic

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Bathroom on Main Level
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Enclosed Patio or Porch
  • Shed

Location

  • The property is located in a historic district

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Gas Water Heater

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,620

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 2 Story
  • Age: 25+ Years
  • Also Includes: Blinds, Curtains, Fireplace Equipment
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Washer
  • Fireplace: Wood Stove
  • Flooring: Hardwood, Tile, Vinyl, W/W Carpet
  • Interior Amenities: Kitchen Center Island, Storage
  • Bedrooms: 4
  • Bedroom 1: Size: 15x12, On Level: Main
  • Bedroom 2: Size: 11x9, On Level: Main
  • Bedroom 3: Size: 11x9, On Level: Main
  • Bedroom 4: Size: 17x12, On Level: Upper
  • Full Bathrooms: 3
  • Bathroom 1 Level: Main
  • Bathroom 2 Level: Main
  • Bathroom 3 Level: Upper
  • Basement: Crawl Space
  • Dining Room: Size: 11x9, On Level: Main
  • Kitchen: Size: 19x11, On Level: Main
  • Living Room: Size: 20x10, On Level: Main
  • Other Rooms: Breakfast Nook, Dining Area, Eat In Kitchen, Laundry/Utility Room, Storage Attic, Primary Br On 1st Floor

Exterior Features

  • Outside Features: Fenced Yard, Patio, Porch Enclosed, Shed
  • Siding Exterior: Aluminum
  • Storm Screens: Insulated Glass

Garage/Parking

  • Driveway: Concrete

Utilities

  • Air Conditioner: Central
  • Heating: Gas-Natural
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas

Lot Info

  • Location: Historical District
  • Lot Dimensions: 80 x 100
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2014
Closed on
Aug 26, 2014
Sold by
Burke Joseph G and Burke Lisa A
Bought by
Larosa Christopher M and Larosa Jennifer
Seller's Agent
FRANCIS MCLAUGHLIN
RE/MAX AT THE SHORE
List Price
$315,000
Sold Price
$315,000
Current Estimated Value
$828,418

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$513,418
Avg. Annual Appreciation
9.03%
Original Mortgage
$283,500
Outstanding Balance
$216,877
Interest Rate
4.12%
Mortgage Type
New Conventional
Estimated Equity
$611,541

Purchase Details

Closed on
Apr 30, 2004
Sold by
Venuto Frank E and Venuto Dominic A
Bought by
Burke Joseph G and Lopez Lisa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
5.39%
Mortgage Type
New Conventional
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
Larosa Christopher M $315,000 The Title Co Of Jersey
Burke Joseph G $360,000 Congress Title Division
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Larosa Christopher M $283,500
Previous Owner Burke Joseph G $210,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/26/2014 08/26/14 Sold $315,000 0.0% --
07/20/2014 07/20/14 Pending -- -- --
02/10/2014 02/10/14 For Sale $315,000 -- --
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 $15,620 $436,800 $91,500 $345,300
2024 $15,620 $436,800 $91,500 $345,300
2023 $14,593 $436,800 $91,500 $345,300
2022 $14,593 $436,800 $91,500 $345,300
2021 $7,431 $225,800 $91,500 $134,300
2020 $7,280 $225,800 $91,500 $134,300
2019 $7,074 $225,800 $91,500 $134,300
2018 $6,803 $221,800 $91,500 $130,300
2017 $6,559 $221,800 $91,500 $130,300
2016 $6,261 $221,800 $91,500 $130,300
2015 $6,197 $221,800 $91,500 $130,300
2014 $5,739 $221,800 $91,500 $130,300
Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2014

    FRANCIS MCLAUGHLIN

    RE/MAX

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 424305

South Jersey Shore Regional MLS

APN: 21-01511-0000-00012

New Jersey Atlantic County Somers Point 08244

118 Gibbs Ave Unit 25, Somers Point, NJ

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