NOT LISTED FOR SALE

22 E Pierson Ave Somers Point, NJ 08244

Estimated Value: $407,681 - $506,000

-- Bed
-- Bath
624 Sq Ft
$738/Sq Ft Est. Value

Last Sold July 28, 2021

Last sale price $310,000 $497 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $3,002/month

17 Days on Market

Highlights

  • Deck
  • Porch
  • Forced Air Heating System
  • Mainland Regional High School Rated A-
  • Patio

About This Home

As of July 2021

Rare detached duplex in the East side/bay area of Somers Point. This unique property sits on a large lot and is conveniently located close to the bike path, local shopping, popular bars/restaurants and easy access to multiple shore towns. This property features 2 completely separate units. The front home features 2 bedrooms, 1 bathroom, kitchen, living room, front porch, rear deck, attic storage and full basement with laundry. The updated rear cottage features 1 bedroom, 1 bathroom, living area, kitchen, partial basement for storage and separate laundry room. Both properties have separate electric and gas meters, but water/sewer is shared. Incredible opportunity for an investment property, vacation home or permanent residence. Tons of potential and possibilities to make this property work for you! Call today for your private tour!

Last Agent to Sell the Property

Francis Davish

Keller Williams Realty Jersey Shore-Ocean City Listed on: 04/28/2021

Keller Williams Realty Jersey Shore-Ocean City

Last Buyer's Agent

William Hanrahan

Keller Williams Realty Jersey Shore-Ocean City

Keller Williams Realty Jersey Shore-Ocean City

Property Details

Home Type

  • Multi-Family

Lot Details

  • Lot Dimensions are 50' x 145'

Home Design

  • Duplex
  • Vinyl Siding

Kitchen

  • Stove
  • Microwave

Laundry

  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Gravel Driveway

Outdoor Features

  • Deck
  • Patio
  • Porch

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Gas Water Heater

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Duplex
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dryer, Gas Stove, Microwave, Refrigerator, Washer
  • Basement: 6 Ft. Or More Head Room

Exterior Features

  • Outside Features: Deck, Patio, Porch
  • Siding Exterior: Vinyl

Garage/Parking

  • Driveway: Gravel
  • Parking Exterior: Two Car

Utilities

  • Air Conditioner: Window Units
  • Heating: Forced Air, Gas-Natural
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas

Lot Info

  • Lot Dimensions: 50' x 145'

Multi Family

  • Number Of Units: 2
  • Number Of1 Bedroom Units: 1
  • Number Of2 Bedroom Units: 1
  • Separate Meters: Cable Tv, Electric, Gas, Hot Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2021
Closed on
Jul 30, 2021
Sold by
Veasey Cassandra N
Bought by
Hitesman Elizabeth M Shea
Seller's Agent
Francis Davish
Keller Williams Realty Jersey Shore-Ocean City
Buyer's Agent
William Hanrahan
Keller Williams Realty Jersey Shore-Ocean City
List Price
$329,900
Sold Price
$310,000
Premium/Discount to List
-$19,900
-6.03%
Current Estimated Value
$460,420

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$150,420
Avg. Annual Appreciation
9.50%
Original Mortgage
$299,653
Outstanding Balance
$271,652
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$188,768

Purchase Details

Listed on
Feb 11, 2020
Closed on
Apr 7, 2020
Sold by
Surf Road Properttes Llc
Bought by
Veasey Cassandra N
Seller's Agent
Chris Monihan
MONIHAN REALTY
Buyer's Agent
Francis Davish
Keller Williams Realty Jersey Shore-Ocean City
List Price
$225,000
Sold Price
$225,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.96%
Original Mortgage
$220,924
Interest Rate
3.37%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 8, 2005
Sold by
Meilicke Ronald A
Bought by
Surf Road Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
5.75%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 11, 2003
Sold by
Meilicke Robert A
Bought by
Meilicke Ronald A
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

Date Buyer Sale Price Title Company
Hitesman Elizabeth M Shea $310,000 Title Company Of Jersey
Veasey Cassandra N $225,000 The Title Company Of Jersey
Surf Road Properties Llc $315,000 The Title Company Of Jersey
Meilicke Ronald A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hitesman Elizabeth M Shea $299,653
Previous Owner Veasey Cassandra N $220,924
Previous Owner Surf Road Properties Llc $252,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/28/2021 07/28/21 Sold $310,000 -6.0% $497 / Sq Ft
05/15/2021 05/15/21 Pending -- -- --
04/28/2021 04/28/21 For Sale $329,900 +46.6% $529 / Sq Ft
04/10/2020 04/10/20 Sold $225,000 0.0% $361 / Sq Ft View Prior Sale
02/18/2020 02/18/20 Pending -- -- --
02/11/2020 02/11/20 For Sale $225,000 -- $361 / Sq Ft
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 $6,959 $194,600 $75,800 $118,800
2024 $6,959 $194,600 $75,800 $118,800
2023 $6,502 $194,600 $75,800 $118,800
2022 $6,502 $194,600 $75,800 $118,800
2021 $6,404 $194,600 $75,800 $118,800
2020 $6,274 $194,600 $75,800 $118,800
2019 $6,097 $194,600 $75,800 $118,800
2018 $5,968 $194,600 $75,800 $118,800
2017 $5,754 $194,600 $75,800 $118,800
2016 $5,494 $194,600 $75,800 $118,800
2015 $5,437 $186,700 $75,800 $110,900
2014 $5,041 $186,700 $75,800 $110,900
Source: Public Records

Agents Affiliated with this Home

  • Francis Davish

    Seller's Agent in 2021

    Francis Davish

    Keller Williams Realty Jersey Shore-Ocean City

    (609) 398-9912

    7 in this area

    117 Total Sales

    Francis Davish
    Section Image
  • William Hanrahan

    Buyer's Agent in 2021

    William Hanrahan

    Keller Williams Realty Jersey Shore-Ocean City

    (484) 786-3883

    1 in this area

    37 Total Sales

    William Hanrahan
    Section Image
  • Chris Monihan

    Seller's Agent in 2020

    Chris Monihan

    MONIHAN REALTY

    (609) 602-3336

    7 in this area

    110 Total Sales

    Chris Monihan
    Section Image

  • M

    Seller Co-Listing Agent in 2020

    MICHAEL FERRENS

    MONIHAN REALTY

    (609) 746-8658

    4 Total Sales

    MICHAEL FERRENS
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 550015

South Jersey Shore Regional MLS

APN: 21-00611-0000-00012

New Jersey Atlantic County Somers Point 08244

22 E Pierson Ave, Somers Point, NJ

Not Listed for Sale

MultiFamily

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