NOT LISTED FOR SALE

128 Gibbs Ave Unit 3 Somers Point, NJ 08244

Estimated Value: $197,000 - $358,000

1 Bed
1 Bath
-- Sq Ft
566 Sq Ft Lot

Last Sold November 27, 2019

Last sale price $175,000

Est. 68% increase in value since last sale

Current estimated payment $2,021/month

53 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • Wood Flooring
  • Forced Air Heating and Cooling System
  • Mainland Regional High School Rated A-

About This Home

As of November 2019

Bayside III is the ultimate waterfront experience in Somers Point. This is without a doubt the best kept secret being offered directly on the Great Egg Harbor Bay. Unit #3 is an extremely spacious and luxurious two level townhouse with 884 square feet of opulent living space. This one bedroom unit has been completed stripped down and renovated from top to bottom including new flooring, drywall, spray foam insulation, custom kitchen cabinets, quartz counter tops, new bathroom, interior/exterior doors, 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, 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 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 the common bayside deck or take a walk and cast your fishing rod out at the end of your own private fishing pier. Boatslip for this unit is optional and can be purchased for an additional $35,000. Unit owner will still have access to common elements if boatslip is not purchased separate.

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

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

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,484

Year Built

  • 1931

Lot Details

  • Property Fronts a Bay or Harbor

Parking

  • 1 Parking Space

Home Design

  • Stucco

Interior Spaces

  • 2-Story Property
  • Wood Flooring
  • Water Views

Kitchen

  • Self-Cleaning Oven
  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

Overview

  • Bayside Condos

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,484

Year Built

1931

Lot Details

0

Listing Details

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

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Bedrooms: 1
  • Full Bathrooms: 1
  • Common Area Features: Bulkheaded

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

Condo/Co-op/Association

  • Condo Name: Bayside
  • Management: Association

Lot Info

  • Location: Bay Front

Rental Info

  • Pets: Yes

Multi Family

  • Unit Features: Hardwood Floors, Master Bath

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 28, 2022
Sold by
Candidi Mark and Candidi Jennifer
Bought by
Fotiou William A and Fotiou Suzanne
Total Days on Market
53
Current Estimated Value
$294,822

Purchase Details

Listed on
Aug 25, 2019
Closed on
Nov 27, 2019
Sold by
Sofroney James W
Bought by
Candidi Mark and Wong Jennifer
Seller's Agent
James W. Sofroney Jr.
KELLER WILLIAMS REALTY JERSEY SHORE-Sea Isle City
Buyer's Agent
James W. Sofroney Jr.
KELLER WILLIAMS REALTY JERSEY SHORE-Sea Isle City
List Price
$199,900
Sold Price
$175,000
Premium/Discount to List
-$24,900
-12.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.84%
Original Mortgage
$140,000
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 16, 2019
Sold by
Nelson Edwin K and Amelia Tate Nelson Trust
Bought by
Sofroney James W

Purchase Details

Closed on
Mar 24, 2015
Sold by
Nj Real Property Holding Llc
Bought by
Amelia Tate Nelson Trust

Purchase Details

Closed on
Dec 1, 2008
Sold by
Monteleone Debra
Bought by
Dethomasis & Levari Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$485,000
Interest Rate
6.11%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 7, 2004
Sold by
Monteleone Debra
Bought by
Dethomas & Levari Inc
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
Fotiou William A $260,000 --
Candidi Mark $175,000 Shore Title
Sofroney James W $50,000 Shore Title
Amelia Tate Nelson Trust $25,000 Surety Title Co
Dethomasis & Levari Inc -- Foundation Title Llc
Dethomas & Levari Inc $40,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Candidi Mark $140,000
Previous Owner Dethomasis & Levari Inc $485,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/27/2019 11/27/19 Sold $175,000 -2.7% --
10/17/2019 10/17/19 Pending -- -- --
09/24/2019 09/24/19 Price Changed $179,900 -5.3% --
09/07/2019 09/07/19 Price Changed $189,900 -5.0% --
08/25/2019 08/25/19 For Sale $199,900 -- --
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 $4,484 $125,400 $68,000 $57,400
2023 $3,331 $125,400 $68,000 $57,400
2022 $3,331 $99,700 $68,000 $31,700
2021 $3,281 $99,700 $68,000 $31,700
2020 $3,214 $99,700 $68,000 $31,700
2019 $3,124 $99,700 $68,000 $31,700
2018 $3,058 $99,700 $68,000 $31,700
2017 $2,948 $99,700 $68,000 $31,700
2016 $2,815 $99,700 $68,000 $31,700
2015 $2,786 $99,700 $68,000 $31,700
2014 $5,076 $188,000 $125,000 $63,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    James W. Sofroney Jr.

    KELLER WILLIAMS REALTY JERSEY SHORE-Sea Isle City

    (609) 425-5555

    50 Total Sales

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 527027

South Jersey Shore Regional MLS

APN: 21-01511-0000-00008-0000-C0003

New Jersey Atlantic County Somers Point 08244

128 Gibbs Ave Unit 3, Somers Point, NJ

This home is located at 128 Gibbs Ave Unit 3, Somers Point, NJ 08244 since 25 August 2019 and is currently estimated at $294,822. This property was built in 1931. 128 Gibbs Ave Unit 3 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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