NOT LISTED FOR SALE

203 Somerset Ln Ocean City, NJ 08226

Estimated Value: $862,000 - $996,000

3 Beds
2 Baths
-- Sq Ft
4,530 Sq Ft Lot

Last Sold June 30, 2020

Last sale price $513,000

Est. 81% increase in value since last sale

Current estimated payment $5,255/month

224 Days on Market

Highlights

  • Water Views
  • Deck
  • Ranch Style House
  • Ocean City Primary School Rated A
  • Living Room with Fireplace
  • Cathedral Ceiling

About This Home

As of June 2020

Enjoy views of the bay and meadows from this completely remodeled 3 bedroom, 2 bath single family home! The front porch greets you and has room for a table and chairs providing a great place for morning coffee. Step inside the foyer entry to find a lovely open floor plan with a sitting room/den to the left and a hallway with a linen closet and laundry room that leads to the main living area. The updated kitchen has all newer stainless-steel appliances, granite countertops, white cabinets, a breakfast bar, and opens to the dining room and family room with a gas fireplace. A door in the dining room leads down the steps to the paved patio area with room for a picnic table and has access to the outside shower. The big back yard is fenced on 3 sides. The master bedroom is off the sitting room for privacy and hosts a large closet with sliding doors and a master bath with a glass-enclosed ,tiled shower, shell-style sink, and stainless steel hardware and fixtures. The additional bedrooms also have sliding door closets with extra room and share the updated guest bath with tub enclosure and a bright disposition. The ground level of this home is a 2-car garage with TONS of storage space (10x20) and room for a workshop or man cave. In the ideal location, this home is only 5 blocks to the beach yet nestled on a quiet street offering the best of both worlds. Close to shopping and amenities! Note we are still available to show properties in most cases. In addition, we can facilitate most

Last Agent to Sell the Property

Christopher Ferzoco

Keller Williams Realty Jersey Shore-Ocean City Listed on: 10/22/2019

Keller Williams Realty Jersey Shore-Ocean City

Last Buyer's Agent

Nicholas Deckard

eXp Realty - Montclair

eXp Realty - Montclair

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,697

Year Built

  • Built in 2014

Lot Details

  • Lot Dimensions are 40x112
  • Sprinkler System

Home Design

  • Ranch Style House
  • Vinyl Siding

Interior Spaces

  • Partially Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Blinds
  • Living Room with Fireplace
  • Den
  • Sun or Florida Room
  • Water Views

Kitchen

  • Self-Cleaning Oven
  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Stone or Rock in Basement

Parking

  • 2 Car Attached Garage
  • Automatic Garage Door Opener

Outdoor Features

  • Outdoor Shower
  • Deck

Utilities

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,697

Year Built

Built in 2014

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: Ranch
  • Also Includes: Blinds, Partially Furnished
  • Lvt Date: 10/22/2019
  • Year Built: 2014
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Gas Log, Living Room
  • Interior Amenities: Cathedral Ceiling
  • Bedrooms: 3
  • Full Bathrooms: 2
  • Basement: Full, Masonry Floor/Wall, Outside Entrance
  • Other Rooms: Den/Tv Room, Florida Room

Exterior Features

  • Outside Features: Deck, Outside Shower, Sidewalks, Sprinkler System
  • Siding Exterior: Vinyl

Garage/Parking

  • Garage: Two Car, Attached Garage, Auto Door Opener
  • Parking Exterior: Two Car

Utilities

  • Air Conditioner: Ceiling Fan(s), Central
  • Heating: Forced Air, Gas-Natural
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas

Lot Info

  • Location: Water View
  • Lot Dimensions: 40x112
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2019
Closed on
Jun 30, 2020
Sold by
Snider Robert and Snider Geraldine
Bought by
Montgomery Lisa
Seller's Agent
Christopher Ferzoco
Keller Williams Realty Jersey Shore-Ocean City
Buyer's Agent
Nicholas Deckard
eXp Realty - Montclair
List Price
$600,000
Sold Price
$513,000
Premium/Discount to List
-$87,000
-14.5%
Current Estimated Value
$929,451

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$416,451
Avg. Annual Appreciation
11.94%

Purchase Details

Closed on
Sep 2, 2014
Sold by
Snider Robert and Snider Geraldine
Bought by
Snider Robert and Snider Geraldine

Purchase Details

Closed on
Dec 5, 1997
Sold by
Minnick Richard
Bought by
Snider Robert and Snider Geraldine

Purchase Details

Closed on
Oct 7, 1993
Sold by
Plumline Adrian J
Bought by
Minnick Richard and Minnick Joanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
6.9%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Montgomery Lisa $513,000 Freedom Title
Snider Robert -- None Available
Snider Robert $95,000 --
Minnick Richard $80,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Minnick Richard $64,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2020 06/30/20 Sold $513,000 -3.2% --
06/02/2020 06/02/20 Pending -- -- --
04/10/2020 04/10/20 Price Changed $530,000 -3.6% --
02/13/2020 02/13/20 Price Changed $550,000 -5.0% --
01/30/2020 01/30/20 Price Changed $579,000 -3.5% --
01/29/2020 01/29/20 Price Changed $600,000 +5.3% --
01/13/2020 01/13/20 Price Changed $569,900 -5.0% --
10/22/2019 10/22/19 For Sale $600,000 -- --
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
2025 $3,697 $329,500 $192,200 $137,300
2024 $3,697 $329,500 $192,200 $137,300
2023 $3,529 $329,500 $192,200 $137,300
2022 $3,391 $329,500 $192,200 $137,300
2021 $2,458 $329,500 $192,200 $137,300
2020 $3,223 $329,500 $192,200 $137,300
2019 $3,186 $329,500 $192,200 $137,300
2018 $3,157 $329,500 $192,200 $137,300
2017 $3,107 $329,500 $192,200 $137,300
2016 $2,989 $329,500 $192,200 $137,300
2015 $2,949 $219,900 $192,200 $27,700
2014 $1,940 $219,900 $192,200 $27,700
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: South Jersey Shore Regional MLS

MLS Number: 529632

South Jersey Shore Regional MLS

APN: 08-03709-0000-00002