$110,000
SOLD JAN 31, 2024

1578 Somers Point Rd Egg Harbor Township, NJ 08234

3 Beds
2 Baths
-- Sq Ft
0.61 Acres

Recently Sold

45% Below List Price

58 Days on Market

About This Home

As of January 2024

Sold "AS IS". With a little bit of vision and elbow grease this could be your forever home for a bargain of $199,999! Taken to the studs this one is ready to be renovated and customized to your liking. Two car detached garage, brand new roof, and brand new windows.

Last Agent to Sell the Property

Kayla Noll

Compass New Jersey-Ocean City License #1643324 Listed on: 11/06/2023

Compass New Jersey-Ocean City

Co-Listed By

Eric Booth

Compass New Jersey-Ocean City License #9588156

Last Buyer's Agent

Kayla Noll

Compass New Jersey-Ocean City License #1643324 Listed on: 11/06/2023

Compass New Jersey-Ocean City

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,169

Year Built

  • 1900

Parking

  • 3 Car Detached Garage

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Well
  • Septic Tank

Additional Features

  • 2-Story Property
  • Lot Dimensions are 157 x 170

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,169

Year Built

1900

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 2 Story
  • Lvt Date: 11/06/2023
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built (Public Record): 1900

Interior Features

  • Bedrooms: 3
  • Full Bathrooms: 2

Garage/Parking

  • Garage: Detached Garage
  • Parking Exterior: Three Or More Cars

Utilities

  • Sewer: Septic
  • Water: Well

Lot Info

  • Lot Dimensions: 157 x 170
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2023
Closed on
Feb 8, 2024
Sold by
Route 47 Properties Llc
Bought by
Mbii Management Llc
Seller's Agent
Kayla Noll
Compass New Jersey-Ocean City
Buyer's Agent
Kayla Noll
Compass New Jersey-Ocean City
List Price
$199,999
Sold Price
$110,000
Premium/Discount to List
-$89,999
-45%
Total Days on Market
58
Views
325
Current Estimated Value
$210,288

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,288
Avg. Annual Appreciation
62.78%
Original Mortgage
$221,000
Outstanding Balance
$218,189
Interest Rate
6.66%
Mortgage Type
New Conventional
Estimated Equity
-$7,901

Purchase Details

Closed on
Oct 31, 2013
Sold by
Reinheimer Edward and Nickles Norma
Bought by
Route 47 Properties Llc

Purchase Details

Closed on
Feb 1, 1996
Sold by
Nickles Mary Anne and Reinheimer Edward
Bought by
Reinheimer Edward
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Deed $110,000 Shore Title
Deed $50,000 Surety Title
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $221,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2024 01/31/24 Sold $110,000 -37.1% --
01/03/2024 01/03/24 Pending -- -- --
11/28/2023 11/28/23 Price Changed $174,999 -12.5% --
11/06/2023 11/06/23 For Sale $199,999 -- --
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 $4,169 $124,300 $42,600 $81,700
2023 $4,145 $124,300 $42,600 $81,700
2022 $4,145 $124,300 $42,600 $81,700
2021 $4,179 $124,300 $42,600 $81,700
2020 $4,103 $124,300 $42,600 $81,700
2019 $3,991 $124,300 $42,600 $81,700
2018 $3,906 $124,300 $42,600 $81,700
2017 $3,892 $124,300 $42,600 $81,700
2016 $3,738 $124,300 $42,600 $81,700
2015 $3,683 $124,300 $42,600 $81,700
2014 $3,610 $124,300 $42,600 $81,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 579464

South Jersey Shore Regional MLS

APN: 08-07401-0000-00023