124 E Groveland Ave Somers Point, NJ 08244
--
Bed
--
Bath
--
Sq Ft
8,233
Sq Ft Lot
Highlights
- Water Views
- Forced Air Heating System
- Ceiling Fan
- Mainland Regional High School Rated A-
About This Home
As of March 2025PRICE SLASHED!!! DUPLEX WITH BAY VIEWS IN SOMERS POINT. Excellent Rental History! Live in one unit and rent out the other! Great opportunity for an Airbnb as well. First floor unit is a spacious three bedroom 1 bathroom that has a ton of natural light. Rent potential of $2500. The second floor unit is a 1 bedroom 1 bathroom unit with a long term tenant. Walking distance to Mexiquilia, Wawa, Dairy Queen and right over the bridge to Longport and Ocean City!
Last Agent to Sell the Property
BHHS FOX and ROACH-Margate License #SP-9807299 Listed on: 10/15/2024
Last Buyer's Agent
BHHS FOX and ROACH-Margate License #SP-9807299 Listed on: 10/15/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,679
Lot Details
- Lot Dimensions are 47 x 175
Parking
- 2 Parking Spaces
Home Design
- Duplex
Interior Spaces
- Ceiling Fan
- Water Views
- Partially Finished Basement
Kitchen
- Stove
- Dishwasher
Laundry
- Dryer
- Washer
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- Separate Meters
- Separate Water Meter
Community Details
- 2 Units
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 15, 2024
Closed on
Mar 10, 2025
Sold by
Dowd Patricia Watts and Watts Patricia Marie
Bought by
Zhechev Alexander Y
Seller's Agent
Paula Hartman
BHHS FOX and ROACH-Margate
Buyer's Agent
Paula Hartman
BHHS FOX and ROACH-Margate
List Price
$500,000
Sold Price
$455,000
Premium/Discount to List
-$45,000
-9%
Views
105
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,811
Avg. Annual Appreciation
1.48%
Original Mortgage
$200,000
Outstanding Balance
$199,828
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$257,983
Purchase Details
Closed on
Nov 3, 2000
Sold by
Wolozynski John Frank and Wolozynski Patricia Ann
Bought by
Dowd Patricia Watts
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,000
Interest Rate
8.62%
Purchase Details
Closed on
Nov 30, 1988
Sold by
Deprima John A
Bought by
Wolozvinski John F and Wolozvinski Patricia A
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $455,000 | Trident Land Transfer | |
| Bargain Sale Deed | $110,000 | Stewart Title Guaranty Compa | |
| Deed | $113,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $200,000 | New Conventional | |
| Previous Owner | $200,000 | Unknown | |
| Previous Owner | $175,000 | Unknown | |
| Previous Owner | $133,000 | Unknown | |
| Previous Owner | $77,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/10/2025 03/10/25 | Sold | $455,000 | -4.2% | -- |
| 02/08/2025 02/08/25 | Pending | -- | -- | -- |
| 01/15/2025 01/15/25 | Price Changed | $475,000 | -5.0% | -- |
| 10/15/2024 10/15/24 | For Sale | $500,000 | 0.0% | -- |
| 10/01/2018 10/01/18 | Rented | -- | -- | -- |
| 09/05/2018 09/05/18 | For Rent | $900 | -- | -- |
Source: South Jersey Shore Regional MLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $8,679 | $242,700 | $75,700 | $167,000 |
| 2023 | $8,109 | $242,700 | $75,700 | $167,000 |
| 2022 | $8,109 | $242,700 | $75,700 | $167,000 |
| 2021 | $7,987 | $242,700 | $75,700 | $167,000 |
| 2020 | $7,825 | $242,700 | $75,700 | $167,000 |
| 2019 | $7,604 | $242,700 | $75,700 | $167,000 |
| 2018 | $7,444 | $242,700 | $75,700 | $167,000 |
| 2017 | $7,177 | $242,700 | $75,700 | $167,000 |
| 2016 | $6,851 | $242,700 | $75,700 | $167,000 |
| 2015 | $6,781 | $242,700 | $75,700 | $167,000 |
| 2014 | $6,553 | $242,700 | $75,700 | $167,000 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2025
Paula Hartman
BHHS Fox & Roach
(609) 487-7234
5 in this area
765 Total Sales
-
R
Seller's Agent in 2018
REGINA MACOM
BHHS Fox & Roach
(609) 425-4245
1 in this area
22 Total Sales
Map
Source: South Jersey Shore Regional MLS
MLS Number: 590015
APN: 21-00910-0000-00006
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