NOT LISTED FOR SALE

118 W Pierson Ave Somers Point, NJ 08244

Estimated Value: $387,683 - $428,000

-- Bed
-- Bath
-- Sq Ft
0.25 Acres

Last Sold October 15, 2021

Last sale price $275,000

Est. 47% increase in value since last sale

Current estimated payment $2,753/month

Highlights

  • Shed
  • Ceiling Fan
  • Fenced
  • Mainland Regional High School Rated A-
  • Baseboard Heating

About This Home

As of October 2021

Duplex - Each unit is 2 bedrooms and 1 bath. The front unit is currently rented for $1,100 per month plus electric. The back unit is vacant. Each unit has it's own storage shed. And each unit has their own private driveway. Great location only 4 houses from the bike bath. Short walk to schools. And another short walk to the new Target and ACME. Plus short drive to Ocean City Beach, restaurants and marinas. (Note: If you cannot give 24 hours notice you can always make an appointment to see the back unit only since it is vacant. Tenant in front unit requires 24 hours notice). Both units are the same size and layout. The electric meters are separate for each unit. However, one water bill and one sewer bill, currently paid by owner.

Last Agent to Sell the Property

Amy Sullivan

RE/MAX ATLANTIC Listed on: 05/15/2021

Last Buyer's Agent

Wendy Lee

BETTER HOMES and GARDENS REAL ESTATE MATURO REALTY-Mays Landing

BETTER HOMES and GARDENS REAL ESTATE MATURO REALTY-Mays Landing

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,263

Year Built

  • Built in 1964

Lot Details

  • Lot Dimensions are 75 x 145
  • Fenced

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • Ceiling Fan
  • Insulated Windows
  • Blinds
  • Crawl Space
  • Stove

Laundry

  • Dryer
  • Washer

Parking

  • 3 Parking Spaces
  • Stone Driveway

Outdoor Features

  • Shed

Utilities

  • Radiant Heating System
  • Baseboard Heating
  • Separate Meters
  • Electric Water Heater

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,263

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Duplex
  • Also Includes: Blinds
  • Lvt Date: 05/17/2021
  • Year Built: 1964
  • Age: 25+ Years
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dryer, Electric Stove, Refrigerator, Washer
  • Basement: Crawl Space

Exterior Features

  • Outside Features: Curbs, Fenced Yard, Shed, Sidewalks
  • Siding Exterior: Vinyl
  • Storm Screens: Insulated Glass

Garage/Parking

  • Driveway: Stone
  • Parking Exterior: Three Or More Cars

Utilities

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

Lot Info

  • Lot Dimensions: 75 X 145

Multi Family

  • Number Of Units: 2
  • Number Of2 Bedroom Units: 2
  • Separate Meters: Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2021
Closed on
Oct 15, 2021
Sold by
Obrien David and Obrien Louise
Bought by
Costello Harry J and Costello Marjorie M
Seller's Agent
Amy Sullivan
RE/MAX ATLANTIC
Buyer's Agent
Wendy Lee
BETTER HOMES and GARDENS REAL ESTATE MATURO REALTY-Mays Landing
List Price
$299,000
Sold Price
$275,000
Premium/Discount to List
-$24,000
-8.03%
Current Estimated Value
$405,171

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$130,171
Avg. Annual Appreciation
9.91%
Original Mortgage
$206,250
Interest Rate
3.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 25, 1993
Sold by
Medinger Luther
Bought by
Obrien David
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
Costello Harry J $275,000 Surety Title Company
Obrien David $92,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Costello Harry J $206,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2021 10/15/21 Sold $275,000 -8.0% --
09/03/2021 09/03/21 Pending -- -- --
05/15/2021 05/15/21 For Sale $299,000 -- --
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 $7,263 $203,100 $68,700 $134,400
2024 $7,263 $203,100 $68,700 $134,400
2023 $6,786 $203,100 $68,700 $134,400
2022 $6,786 $203,100 $68,700 $134,400
2021 $6,684 $203,100 $68,700 $134,400
2020 $6,548 $203,100 $68,700 $134,400
2019 $6,363 $203,100 $68,700 $134,400
2018 $6,229 $203,100 $68,700 $134,400
2017 $6,006 $203,100 $68,700 $134,400
2016 $5,734 $203,100 $68,700 $134,400
2015 $5,675 $203,100 $68,700 $134,400
2014 $5,484 $203,100 $68,700 $134,400
Source: Public Records

Agents Affiliated with this Home

  • Amy Sullivan

    Seller's Agent in 2021

    Amy Sullivan

    RE/MAX

    (609) 457-1851

    13 in this area

    92 Total Sales

    Amy Sullivan
    Section Image
  • Wendy Lee

    Buyer's Agent in 2021

    Wendy Lee

    BETTER HOMES and GARDENS REAL ESTATE MATURO REALTY-Mays Landing

    (609) 742-3917

    3 in this area

    50 Total Sales

    Wendy Lee
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 550707

South Jersey Shore Regional MLS

APN: 21-00613-0000-00023

New Jersey Atlantic County Somers Point 08244

118 W Pierson Ave, Somers Point, NJ

This home is located at 118 W Pierson Ave, Somers Point, NJ 08244 since 15 May 2021 and is currently estimated at $405,171. This property was built in 1964. 118 W Pierson 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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