NOT LISTED FOR SALE

126 Gibbs Ave Somers Point, NJ 08244

Estimated Value: $361,000 - $776,000

-- Bed
-- Bath
878 Sq Ft
$729/Sq Ft Est. Value

Last Sold June 28, 2017

Last sale price $325,000 $370 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $4,459/month

1,001 Days on Market

Highlights

  • No HOA
  • Eat-In Kitchen
  • Bungalow
  • Mainland Regional High School Rated A-
  • Living Room
  • En-Suite Primary Bedroom

About This Home

As of June 2017

Bay Front! Buildable Lot. Existing cottage in tear down condition. Build the custom Bayfront Home of your dreams. Exclusive desirable location situated on a 56x130 lot. Property is being sold in as is condition. Buyer is responsible for all approvals, permits, ect. Brand new Bulkhead in 2014. This unique parcel awaits its new owner to build and enjoy this incredible location and the stunning direct bay views.

Last Agent to Sell the Property

Glenn Todd

Century 21 - Ocean City License #9031243 Listed on: 08/13/2014

Century 21 - Ocean City

Last Buyer's Agent

datacorrect BrightMLS

Non Subscribing Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,088

Year Built

  • Built in 1930

Lot Details

  • 4,080 Sq Ft Lot
  • Lot Dimensions are 51x128
  • Property is zoned HVR

Parking

  • 3 Open Parking Spaces

Home Design

  • Bungalow
  • Wood Siding

Interior Spaces

  • En-Suite Primary Bedroom
  • 878 Sq Ft Home
  • Property has 1 Level
  • Living Room
  • Eat-In Kitchen

Utilities

  • Heating System Uses Gas
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00007
  • Assessor Parcel Number 21-01511-00007

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,088

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Bungalow
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1930
  • Remarks Public: Bay Front! Buildable Lot. Existing cottage in tear down condition. Build the custom Bayfront Home of your dreams. Exclusive desirable location situated on a 56x130 lot. Property is being sold in as is condition. Buyer is responsible for all approvals, permits, ect. Brand new Bulkhead in 2014. This unique parcel awaits its new owner to build and enjoy this incredible location and the stunning direct bay views.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Kitchen - Eat-In
  • Fireplace: No
  • Levels Count: 1
  • Room List: Living Room, Primary Bedroom, Kitchen
  • Basement: No
  • Total Sq Ft: 878
  • Living Area Sq Ft: 878
  • Net Sq Ft: 878.00
  • Price Per Sq Ft: 397.49
  • Above Grade Finished Sq Ft: 878
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 126

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Wood Siding
  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 3

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Gas
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District: SOMERS POINT
  • School District Key: 300200396919

Lot Info

  • Improvement Assessed Value: 21500.00
  • Land Assessed Value: 160600.00
  • Lot Size Acres: 0.09
  • Lot Dimensions: 51X128
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4080.00
  • Zoning: HVR

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 3431222
  • Tax Annual Amount: 5088.00
  • Assessor Parcel Number: 21-01511-00007
  • Tax Lot: 00007
  • Tax Year: 2016
  • Close Date: 06/28/2017

MLS Schools

  • School District Name: SOMERS POINT

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2014
Closed on
Jun 23, 2017
Sold by
The Estate Of Elleen S Tumbull
Bought by
Mccune Robert J and Mccune Mary E
Seller's Agent
Glenn Todd
Century 21 - Ocean City
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$399,000
Sold Price
$325,000
Premium/Discount to List
-$74,000
-18.55%
Current Estimated Value
$639,798

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$314,798
Avg. Annual Appreciation
8.61%
Original Mortgage
$211,250
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 17, 1990
Sold by
Tuerbull Robert P and Tuerbull Eileen S
Bought by
Turnbull Eileen St
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
Mccune Robert J $325,000 Infinity Title Agency
Turnbull Eileen St -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Mccune Robert J $211,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2017 06/28/17 Sold $325,000 -6.9% $370 / Sq Ft
02/07/2015 02/07/15 Price Changed $349,000 -12.5% $397 / Sq Ft
08/13/2014 08/13/14 For Sale $399,000 -- $454 / Sq Ft
Source: Bright 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 $11,997 $335,500 $321,200 $14,300
2024 $11,997 $335,500 $321,200 $14,300
2023 $11,209 $335,500 $321,200 $14,300
2022 $11,209 $335,500 $321,200 $14,300
2021 $11,041 $335,500 $321,200 $14,300
2020 $10,817 $335,500 $321,200 $14,300
2019 $10,511 $335,500 $321,200 $14,300
2018 $10,290 $335,500 $321,200 $14,300
2017 $5,385 $182,100 $160,600 $21,500
2016 $5,141 $182,100 $160,600 $21,500
2015 $5,088 $182,100 $160,600 $21,500
2014 $4,917 $167,800 $160,600 $7,200
Source: Public Records

Agents Affiliated with this Home

  • Glenn Todd

    Seller's Agent in 2017

    Glenn Todd

    Century 21 - Ocean City

    (609) 440-7424

    11 Total Sales

    Glenn Todd
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Map

Source: Bright MLS

MLS Number: 1003048110

Bright MLS

APN: 21-01511-0000-00007

New Jersey Atlantic County Somers Point 08244

126 Gibbs Ave, Somers Point, NJ

This home is located at 126 Gibbs Ave, Somers Point, NJ 08244 since 13 August 2014 and is currently estimated at $639,798, approximately $728 per square foot. This property was built in 1930. 126 Gibbs 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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