NOT LISTED FOR SALE

2 Harned Ave Somers Point, NJ 08244

Somers Point Area

Estimated Value: $686,000 - $830,000

2 Beds
1 Bath
3,640 Sq Ft
$202/Sq Ft Est. Value

Sale Details

Date Sold: November 8, 2019

Last sale price $435,000 $120 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $5,069 / mo

434 Days on Market

Highlights

  • Eat-In Kitchen
  • Laundry Room
  • Zoned Heating
  • Mainland Regional High School Rated A-

About This Home

As of November 2019

FOUR UNIT INVESTMENT PROPERTY! SUPER ATTRACTIVE! One of a kind fully rented quad for sale in Somers Point close to the bay, shopping and dining! Extremely tranquil but convenient residential location. Excellent income producing property with 4 easy to rent 2 bedroom units. Owner pays water, sewer, taxes and insurance the tenants pay gas, electricity and cable! Need appointment for showings since all units are occupied!

Last Agent to Sell the Property

Mary Lou Ferry

FARLEY and FERRY REALTY, INC Listed on: 06/17/2018

Last Buyer's Agent

Vincent Novelli

Compass Real Estate-Margate

Compass Real Estate-Margate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • Lot Dimensions are 74x130

Home Design

  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • Blinds
  • Crawl Space
  • Storm Screens
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven

Parking

  • 3 Parking Spaces
  • Parking Pad

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Zoned Heating
  • Separate Meters
  • Private Water Source
  • Private Sewer

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

9,627 Sq Ft Lot

Listing Details

  • Class: Multi-Family
  • Type: 4 - 10 Units
  • Also Includes: Blinds
  • Year Built: 1965
  • Age: 25+ Years
  • Allow Comsumer Comment: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Self Cleaning Oven
  • Basement: Crawl Space
  • Other Rooms: Eat In Kitchen, Kitchen, Laundry/Utility Rm

Exterior Features

  • Outside Features: Curbs, Sidewalks
  • Siding Exterior: Brick, Vinyl
  • Storm Screens: Combination

Garage/Parking

  • Driveway: Concrete
  • Parking Exterior: Three Or More Cars, Parking Pad

Utilities

  • Air Conditioner: Wall Units
  • Heating: Electric, Multi-Zoned
  • Sewer: Private
  • Water: Private

Lot Info

  • Lot Dimensions: 74X130

Rental Info

  • Rental Information: 100 Percent Occupancy, Lease Required, Monthly, Security Deposit, Yearly

Multi Family

  • Number Of Units: 4
  • Number Of2 Bedroom Units: 4
  • Separate Meters: Electric

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2018
Closed on
Nov 4, 2019
Sold by
Bought by
Seller's Agent
Mary Lou Ferry
FARLEY and FERRY REALTY, INC
Buyer's Agent
Vincent Novelli
Compass Real Estate-Margate
List Price
$539,000
Sold Price
$435,000
Premium/Discount to List
-$104,000
-19.29%
Current Estimated Value
$736,741

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$301,741
Avg. Annual Appreciation
8.14%
Original Mortgage
$280,000
Interest Rate
0.037%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 28, 2007
Sold by
Bought by

Purchase Details

Closed on
Jul 30, 1997
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$435,000 None Available
$550,000 Commonwealth Land Title Insu
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $280,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/08/2019 11/08/19 Sold $435,000 -17.8% $120 / Sq Ft
08/25/2019 08/25/19 Pending -- -- --
04/01/2019 04/01/19 Rented -- -- --
03/30/2019 03/30/19 Price Changed $529,000 -1.9% $145 / Sq Ft
03/16/2019 03/16/19 For Sale $539,000 0.0% $148 / Sq Ft
02/11/2019 02/11/19 For Rent $1,100 0.0% --
01/23/2019 01/23/19 Rented -- -- --
11/14/2018 11/14/18 Pending -- -- --
11/07/2018 11/07/18 For Rent $1,100 0.0% --
06/17/2018 06/17/18 For Sale $539,000 0.0% $148 / Sq Ft
08/01/2014 08/01/14 Rented -- -- --
07/02/2014 07/02/14 Under Contract -- -- --
05/19/2014 05/19/14 For Rent -- -- --
Source: South Jersey Shore Regional MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $12,662 $340,200 $82,000 $258,200
2025 $12,166 $340,200 $82,000 $258,200
2024 $12,166 $340,200 $82,000 $258,200
2023 $11,366 $340,200 $82,000 $258,200
2022 $11,366 $340,200 $82,000 $258,200
2021 $11,196 $340,200 $82,000 $258,200
2020 $10,968 $340,200 $82,000 $258,200
2019 $10,658 $340,200 $82,000 $258,200
2018 $10,434 $340,200 $82,000 $258,200
2017 $10,060 $340,200 $82,000 $258,200
2016 $9,604 $340,200 $82,000 $258,200
2015 $10,561 $378,000 $82,000 $296,000
2014 $10,206 $378,000 $82,000 $296,000
Source: Public Records

Agents Affiliated with this Home

  • Mary Lou Ferry

    Seller's Agent in 2019

    Mary Lou Ferry

    FARLEY and FERRY REALTY, INC

    (609) 289-1139

    71 Total Sales

    Mary Lou Ferry
    Section Image
  • Kathryn Francis

    Buyer's Agent in 2019

    Kathryn Francis

    FARLEY and FERRY REALTY, INC

    (609) 442-8146

    Kathryn Francis
    Section Image

  • C

    Buyer's Agent in 2019

    CORINNE DUNGAN

    FARLEY and FERRY REALTY, INC

    (609) 380-6727

    5 Total Sales

    CORINNE DUNGAN
    Section Image
  • Vincent Novelli

    Buyer's Agent in 2019

    Vincent Novelli

    Compass Real Estate-Margate

    (609) 335-4501

    71 Total Sales

    Vincent Novelli
    Section Image
  • MARGARET (MEG) HEARD

    Seller's Agent in 2014

    MARGARET (MEG) HEARD

    BALSLEY/LOSCO

    (609) 289-6510

    10 Total Sales

    MARGARET (MEG) HEARD
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 507154

South Jersey Shore Regional MLS

APN: 21-00212-0000-00013

New Jersey Atlantic County Somers Point 08244

2 Harned Ave, Somers Point, NJ

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