NOT LISTED FOR SALE

128 Gibbs Ave Unit 1 Somers Point, NJ 08244

Estimated Value: $479,718 - $613,000

2 Beds
1 Bath
-- Sq Ft
958 Sq Ft Lot

Last Sold December 12, 2019

Last sale price $300,000

Est. 85% increase in value since last sale

Current estimated payment $3,871/month

68 Days on Market

Highlights

  • Boat Dock
  • Property Fronts a Bay or Harbor
  • Main Floor Primary Bedroom
  • Mainland Regional High School Rated A-
  • Wood Flooring
  • Ground Level Unit

About This Home

As of December 2019

Bring your boat to paradise. Bayside III is the ultimate waterfront experience in Somers Point. This is undoubtedly the best kept secret being offered directly on the Great Egg Harbor Bay. Unit #1 is an extremely spacious and luxurious bayfront first floor unit with 936 s.f. of opulent living space. This two bedroom masterpiece has been completed stripped down and renovated from top to bottom including new flooring, drywall, spray foam insulation, windows, custom kitchen cabinets, quartz counter tops, new bathroom, interior/exterior doors, stainless appliances, trim package, and more. The project and grounds of this historic waterfront building with only 3 units are also brand new including roof, exterior painting, vinyl bulkhead, pavers, landscaping, spectacular common bayside sun deck, and your own small bayside outdoor bar. The beauty of this entire offering is the brand new private steel fishing pier with 4 large boatslips. The newly constructed fishing pier is over 200 feet long (6-8 ft. wide) with custom aluminum railings, solar lighting and vinyl pilings. The pier alone must been seen in person to truly appreciate the magnificent views in every direction. Just look at the photos and imagine owning a piece of history. Sit and just relax on your private covered patio with new awning, the common bayside deck or take a walk and cast your fishing rod out at the end of your own private fishing pier and boatslip. Private Boatslip is included in this offering price.

Last Agent to Sell the Property

James W. Sofroney Jr.

KELLER WILLIAMS REALTY JERSEY SHORE-Sea Isle City License #9909437 Listed on: 08/25/2019

KELLER WILLIAMS REALTY JERSEY SHORE-Sea Isle City

Last Buyer's Agent

Frank Levin

eXp Realty - Ocean City S382K License #SP-9807264

eXp Realty - Ocean City S382K

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,301

Year Built

  • 1931

Lot Details

  • Property Fronts a Bay or Harbor
  • Fenced

Parking

  • 1 Parking Space

Home Design

  • Stucco

Interior Spaces

  • 2-Story Property
  • Great Room
  • Dining Area
  • Wood Flooring
  • Water Views

Kitchen

  • Self-Cleaning Oven
  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Electric Water Heater

Additional Features

  • Handicap Accessible
  • Ground Level Unit

Community Details

Overview

  • Bayside Condos

Recreation

  • Boat Dock

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,301

Year Built

1931

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Lvt Date: 08/26/2019
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Two
  • Unit Location: First Floor, Water View
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1
  • Year Built (Public Record): 1931

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Bedrooms: 2
  • Full Bathrooms: 1
  • Other Rooms: Dining Area, Great Room, Primary Br On 1st Floor
  • Common Area Features: Bulkheaded, Dock/Boat Slip, Fenced Yard

Exterior Features

  • Siding Exterior: Stucco

Garage/Parking

  • Parking Exterior: One Car

Utilities

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

Condo/Co-op/Association

  • Condo Name: Bayside
  • Management: Association

Lot Info

  • Location: Bay Front

Rental Info

  • Pets: Yes

Multi Family

  • Unit Features: Handicap Features, Hardwood Floors, Master Bath, Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2019
Closed on
Dec 12, 2019
Sold by
Sofroney James
Bought by
Fotiou William A and Fotiou Suzanne
Seller's Agent
James W. Sofroney Jr.
KELLER WILLIAMS REALTY JERSEY SHORE-Sea Isle City
Buyer's Agent
Frank Levin
eXp Realty - Ocean City S382K
List Price
$359,900
Sold Price
$300,000
Premium/Discount to List
-$59,900
-16.64%
Total Days on Market
68
Current Estimated Value
$554,180

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$254,180
Avg. Annual Appreciation
11.37%

Purchase Details

Closed on
May 12, 2014
Sold by
Levari David C
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
May 7, 2004
Sold by
Monteleone Debra
Bought by
Dethomas & Levari Inc

Purchase Details

Closed on
Jul 24, 2003
Sold by
Rowe Ronald L
Bought by
Dethomasis & Levari Inc

Purchase Details

Closed on
Feb 13, 2001
Sold by
Ridgway Mary Jane
Bought by
Dethomasis & Levari Inc and Flannigan Steven

Purchase Details

Closed on
Feb 16, 1999
Sold by
Lapalombara Samuel
Bought by
Lapalombara Lola
Source: Public Records

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Range of Values:

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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
Fotiou William A $300,000 Freedom Title & Abstract Co
The Bank Of New York Mellon -- None Available
Dethomas & Levari Inc $36,000 --
Dethomasis & Levari Inc $30,000 --
Dethomasis & Levari Inc $100,000 --
Lapalombara Lola -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Levari David C $485,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/12/2019 12/12/19 Sold $300,000 -11.7% --
11/01/2019 11/01/19 Pending -- -- --
09/24/2019 09/24/19 Price Changed $339,900 -2.9% --
09/10/2019 09/10/19 Price Changed $349,900 +75.0% --
09/10/2019 09/10/19 Price Changed $199,900 -42.9% --
09/07/2019 09/07/19 Price Changed $349,900 -2.8% --
08/25/2019 08/25/19 For Sale $359,900 +585.5% --
01/31/2017 01/31/17 Sold $52,500 0.0% --
01/03/2017 01/03/17 Pending -- -- --
12/26/2016 12/26/16 For Sale $52,500 -- --
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
2024 $9,301 $260,100 $108,000 $152,100
2023 $8,690 $260,100 $108,000 $152,100
2022 $8,690 $260,100 $108,000 $152,100
2021 $8,560 $260,100 $108,000 $152,100
2020 $5,974 $185,300 $108,000 $77,300
2019 $5,805 $185,300 $108,000 $77,300
2018 $5,683 $185,300 $108,000 $77,300
2017 $5,479 $185,300 $108,000 $77,300
2016 $5,231 $185,300 $108,000 $77,300
2015 $5,177 $185,300 $108,000 $77,300
2014 $6,542 $242,300 $165,000 $77,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 527030

South Jersey Shore Regional MLS

APN: 21-01511-0000-00008-0000-C0001