Seller's Agent in 2023
Rebecca Stiefel
Century 21 - Rauh & Johns
(609) 318-4322
1 in this area
8 Total Sales
15 Hamilton Dr Somers Point, NJ 08244
Estimated Value: $328,000 - $405,575
--
Bed
--
Bath
1,792
Sq Ft
$209/Sq Ft
Est. Value
Highlights
- Rambler Architecture
- Main Floor Bedroom
- Back and Side Yard
- Mainland Regional High School Rated A-
- Family Room Off Kitchen
- More Than Two Accessible Exits
About This Home
As of October 2023Multiple offers received. Highest and best by 5pm Friday 9/15.
*AFFORDABLE LIVING IN SOMERS POINT* - DUPLEX, 2 BEDROOM 1 BATH
Rent prices are extreme and won't be changing any time soon. The solution?Purchase a duplex and live in one unit, rent out the other. Take a look at this side-by-side rancher on a quiet street in popular Somers Point. Unit A is vacant and move-in ready - 2 bedrooms, 1 bath and newly renovated. The other unit has an identical layout and is occupied by a long-term tenant for $1500 a month (who always pays on time). Enjoy a fenced in yard, off-street parking, in-unit laundry, dishwasher, gas heat, central A/C, and more.
*INVESTORS - POTENTIAL 9-10% CAP RATE* -
Tenants pay for all utilities including water, lawn care and snow removal. Landlord's expenses are only $7k taxes, $1200 insurance, and sewer. Occupied unit has yearly lease in place with approximately 11 months left - ideal long-term tenant that always pays on time, $1500 a month. The empty unit is newly renovated and could rent easily for $1700 a month. Easy money so act fast before it's too late.
* As-is Sale. A/C isn't working in front unit *
Last Agent to Sell the Property
(609) 318-4322 beckyremaxnj@gmail.com Century 21 Rauh & Johns Listed on: 09/09/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,166
Year Built
- Built in 1970 | Remodeled in 2023
Lot Details
- 9,000 Sq Ft Lot
- Lot Dimensions are 75.00 x 120.00
- Back and Side Yard
- Property is in very good condition
Home Design
- Duplex
- Rambler Architecture
- Side-by-Side
- Slab Foundation
- Frame Construction
- Vinyl Siding
Interior Spaces
- Main Floor Bedroom
- 1,792 Sq Ft Home
- Ceiling Fan
- Family Room Off Kitchen
- Combination Dining and Living Room
- Laminate Flooring
Kitchen
- Oven
- Stove
- Built-In Microwave
- Dishwasher
Laundry
- Dryer
- Washer
Parking
- 3 Parking Spaces
- 3 Off-Street Spaces
- Free Parking
- Paved Parking
- On-Street Parking
Accessible Home Design
- More Than Two Accessible Exits
- Level Entry For Accessibility
Schools
- Dawes Ave Elementary School
- Jordan Rd Middle School
- Mainland Regional High School
Utilities
- Multiple cooling system units
- Forced Air Heating and Cooling System
- Cooling System Utilizes Natural Gas
- Window Unit Cooling System
- Vented Exhaust Fan
- Programmable Thermostat
- Electric Water Heater
Community Details
- 1-Story Building
- 1 Vacant Unit
Listing and Financial Details
- The owner pays for insurance, sewer, real estate taxes
- Tax Lot 00018
- Assessor Parcel Number 21-00723-00018
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 9, 2023
Closed on
Oct 20, 2023
Sold by
Ogando-Rivera Juan
Bought by
Cooper India N
Seller's Agent
Rebecca Stiefel
Century 21 Rauh & Johns
Buyer's Agent
Jill Leap
Balsley-Losco Realtors
List Price
$329,000
Sold Price
$326,000
Premium/Discount to List
-$3,000
-0.91%
Views
104
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
$48,894
Avg. Annual Appreciation
7.51%
Original Mortgage
$320,095
Outstanding Balance
$314,585
Interest Rate
7.57%
Mortgage Type
FHA
Estimated Equity
$60,309
Purchase Details
Listed on
Nov 5, 2020
Closed on
Apr 22, 2021
Sold by
Hollahan Robert L and Stephenson Judy L
Bought by
Ogando-Rivera Juan
Seller's Agent
Judi Cohen
BHHS FOX and ROACH-Margate
Buyer's Agent
Meredith Exum
NEW ERA REAL ESTATE-B
List Price
$239,000
Sold Price
$225,000
Premium/Discount to List
-$14,000
-5.86%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.06%
Original Mortgage
$230,175
Interest Rate
2.9%
Mortgage Type
VA
Purchase Details
Closed on
Dec 28, 1982
Bought by
Hollahan Rl and Hollahan Tephenson,Jl
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Cooper India N | $326,000 | Agents Title | |
| Ogando-Rivera Juan | $225,000 | None Listed On Document | |
| Hollahan Rl | $61,400 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Cooper India N | $320,095 | |
| Previous Owner | Ogando-Rivera Juan | $230,175 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/20/2023 10/20/23 | Sold | $326,000 | -0.9% | $182 / Sq Ft |
| 09/19/2023 09/19/23 | Pending | -- | -- | -- |
| 09/09/2023 09/09/23 | For Sale | $329,000 | 0.0% | $184 / Sq Ft |
| 01/30/2022 01/30/22 | Rented | -- | -- | -- |
| 01/30/2022 01/30/22 | For Rent | -- | -- | -- |
| 04/23/2021 04/23/21 | Sold | $225,000 | 0.0% | -- |
| 03/02/2021 03/02/21 | Pending | -- | -- | -- |
| 12/09/2020 12/09/20 | Price Changed | $225,000 | -5.9% | -- |
| 11/05/2020 11/05/20 | For Sale | $239,000 | -- | -- |
Source: Bright 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 |
|---|---|---|---|---|
| 2025 | $7,671 | $214,500 | $103,100 | $111,400 |
| 2024 | $7,671 | $214,500 | $103,100 | $111,400 |
| 2023 | $7,166 | $214,500 | $103,100 | $111,400 |
| 2022 | $7,166 | $214,500 | $103,100 | $111,400 |
| 2021 | $7,059 | $214,500 | $103,100 | $111,400 |
| 2020 | $6,915 | $214,500 | $103,100 | $111,400 |
| 2019 | $6,720 | $214,500 | $103,100 | $111,400 |
| 2018 | $6,579 | $214,500 | $103,100 | $111,400 |
| 2017 | $6,343 | $214,500 | $103,100 | $111,400 |
| 2016 | $6,055 | $214,500 | $103,100 | $111,400 |
| 2015 | $5,993 | $214,500 | $103,100 | $111,400 |
| 2014 | $5,792 | $214,500 | $103,100 | $111,400 |
Source: Public Records
Agents Affiliated with this Home
-
Rebecca Stiefel
-
Jill Leap
Buyer's Agent in 2023
Jill Leap
Balsley-Losco Realtors
(609) 335-8156
7 in this area
85 Total Sales
-
Meredith Exum
Seller's Agent in 2022
Meredith Exum
RE/MAX Platinum Properties
(843) 251-8366
8 in this area
160 Total Sales
-
Judi Cohen
Seller's Agent in 2021
Judi Cohen
BHHS Fox & Roach
(609) 513-2303
1 in this area
79 Total Sales
Map
Source: Bright MLS
MLS Number: NJAC2009632
APN: 21-00723-0000-00018
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