NOT LISTED FOR SALE

126 E Cedar Ave Somers Point, NJ 08244

Estimated Value: $397,000 - $523,173

-- Bed
-- Bath
1,715 Sq Ft
$284/Sq Ft Est. Value

Last Sold June 30, 2019

Last sale price $155,500 $91 Per Sq Ft

Est. 214% increase in value since last sale

Current estimated payment $3,305/month

89 Days on Market

Highlights

  • Deck
  • Wooded Lot
  • Eat-In Kitchen
  • Mainland Regional High School Rated A-
  • 1 Car Detached Garage

About This Home

As of June 2019

Investment opportunity... Cannot beat the LOCATION of this.Somers Point duplex close to Bay and restaurants .Owners occupy the 1st floor. Tenant on 2nd floor pays 850.Large lot, full basement, 1 c detached garage, call listing agent for info.

Last Agent to Sell the Property

Susan Durante

RE/MAX ATLANTIC Listed on: 08/15/2018

Last Buyer's Agent

Carlo Losco

BALSLEY/LOSCO

BALSLEY/LOSCO

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 0.3

Parking

  • 1 Car Detached Garage

Home Design

  • Duplex
  • Vinyl Siding

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Utilities

  • Heating System Uses Natural Gas
  • Gas Water Heater

Additional Features

  • Eat-In Kitchen
  • Deck
  • Wooded Lot

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Duplex
  • Year Built: 1928
  • Age: 25+ Years
  • Allow Comsumer Comment: Yes
  • Special Features: 12
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: 6 Ft. Or More Head Room, Full, Outside Entrance, Partially Finished
  • Other Rooms: Eat In Kitchen

Exterior Features

  • Outside Features: Deck
  • Siding Exterior: Vinyl
  • Storm Screens: Combination

Garage/Parking

  • Garage: One Car, Detached Garage
  • Parking Exterior: One Car

Utilities

  • Heating: Gas-Natural, Radiator
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas

Lot Info

  • Location: Wooded Lot
  • Lot Dimensions: 89X183X74 irr

Rental Info

  • Rental Information: 100 Percent Occupancy

Multi Family

  • Number Of Units: 2
  • Number Of1 Bedroom Units: 1
  • Number Of3 Bedroom Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2018
Closed on
Jul 31, 2019
Sold by
Brown David T and Brown Barbara
Bought by
Zibulsky Michelle Wendy
Seller's Agent
Susan Durante
RE/MAX ATLANTIC
Buyer's Agent
Carlo Losco
BALSLEY/LOSCO
List Price
$219,000
Sold Price
$155,500
Premium/Discount to List
-$63,500
-29%
Current Estimated Value
$487,543

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$332,043
Avg. Annual Appreciation
19.42%
Original Mortgage
$120,000
Outstanding Balance
$105,163
Interest Rate
3.73%
Mortgage Type
New Conventional
Estimated Equity
$382,380

Purchase Details

Closed on
Apr 12, 2007
Sold by
Dalesandro James
Bought by
Brown David and Brown Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.19%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 12, 2002
Sold by
Rice John and Rice Nancy
Bought by
Dalesandro James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
7.05%

Purchase Details

Closed on
May 22, 1998
Sold by
Minor David and Paulucci Julia
Bought by
Rice John and Rice Nancy
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Zibulsky Michelle Wendy $155,500 Agents Title Llc
Brown David $360,000 --
Dalesandro James $175,000 --
Rice John $134,000 The Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zibulsky Michelle Wendy $120,000
Previous Owner Brown David $280,000
Previous Owner Dalesandro James $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2019 06/30/19 Sold $155,500 -22.2% $91 / Sq Ft
11/12/2018 11/12/18 Pending -- -- --
09/05/2018 09/05/18 Price Changed $199,900 -8.7% $117 / Sq Ft
08/15/2018 08/15/18 For Sale $219,000 -- $128 / 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 $8,879 $248,300 $79,800 $168,500
2024 $8,879 $248,300 $79,800 $168,500
2023 $8,296 $248,300 $79,800 $168,500
2022 $8,296 $248,300 $79,800 $168,500
2021 $8,172 $248,300 $79,800 $168,500
2020 $7,870 $244,100 $79,800 $164,300
2019 $7,648 $244,100 $79,800 $164,300
2018 $7,487 $244,100 $79,800 $164,300
2017 $7,218 $244,100 $79,800 $164,300
2016 $6,891 $244,100 $79,800 $164,300
2015 $6,820 $244,100 $79,800 $164,300
2014 $6,591 $244,100 $79,800 $164,300
Source: Public Records

Agents Affiliated with this Home

  • Susan Durante

    Seller's Agent in 2019

    Susan Durante

    RE/MAX

    (609) 703-4433

    17 Total Sales

    Susan Durante
    Section Image
  • Carlo Losco

    Buyer's Agent in 2019

    Carlo Losco

    BALSLEY/LOSCO

    (609) 872-6600

    5 in this area

    62 Total Sales

    Carlo Losco
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 509814

South Jersey Shore Regional MLS

APN: 21-00810-0000-00011

New Jersey Atlantic County Somers Point 08244

126 E Cedar Ave, Somers Point, NJ

Not Listed for Sale

MultiFamily

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