$225,000
SOLD APR 10, 2020

22 E Pierson Ave Somers Point, NJ 08244

-- Bed
-- Bath
624 Sq Ft
7,231 Sq Ft Lot

Recently Sold

$361 Per Sq Ft

7 Days on Market

Highlights

  • Porch
  • Patio
  • Central Air
  • Mainland Regional High School Rated A-

About This Home

As of July 2021

Centrally located in Somers Point close to the bay, restaurants, and easy access to beach towns. The property features two units - a front 2 bedroom / 1 bath home and a rear unit with 1 bedroom and 1 bath that has been remodeled. Both properties are currently occupied with rent paying tenants and the property is used as an investment. Great location and property with many options....

Last Agent to Sell the Property

Chris Monihan

MONIHAN REALTY Listed on: 02/11/2020

Co-Listed By

MICHAEL FERRENS

MONIHAN REALTY License #1750824

Last Buyer's Agent

Francis Davish

Keller Williams Realty Jersey Shore-Ocean City

Keller Williams Realty Jersey Shore-Ocean City

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,959

Lot Details

  • Lot Dimensions are 50 x 145

Parking

  • 2 Parking Spaces

Home Design

  • Duplex

Unfinished Basement

  • Exterior Basement Entry
  • Stone or Rock in Basement

Outdoor Features

  • Patio
  • Porch

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Separate Meters
  • Separate Water Meter

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,959

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Duplex
  • Lvt Date: 04/20/2020
  • Age: 25+ Years
  • Allow Comsumer Comment: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Masonry Floor/Wall, Outside Entrance, Unfinished

Exterior Features

  • Outside Features: Patio, Porch

Garage/Parking

  • Driveway: Concrete
  • Parking Exterior: Two Car

Utilities

  • Air Conditioner: Central
  • Heating: Gas-Natural
  • Sewer: Public Sewer
  • Water: Public

Lot Info

  • Lot Dimensions: 50 x 145

Rental Info

  • Rental Information: 100 Percent Occupancy, Yearly

Multi Family

  • Number Of Units: 2
  • Number Of1 Bedroom Units: 1
  • Number Of2 Bedroom Units: 1
  • Separate Meters: Electric, Gas, Sewer, 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
$433,498

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$123,498
Avg. Annual Appreciation
8.96%
Original Mortgage
$299,653
Outstanding Balance
$272,255
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$171,433

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:

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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 $310,000 Title Company Of Jersey
Deed $225,000 The Title Company Of Jersey
Deed $315,000 The Title Company Of Jersey
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $299,653 New Conventional
Previous Owner $220,924 FHA
Previous Owner $252,000 Fannie Mae Freddie Mac
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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

    10 in this area

    131 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

    41 Total Sales

    William Hanrahan
    Section Image
  • Chris Monihan

    Seller's Agent in 2020

    Chris Monihan

    MONIHAN REALTY

    (609) 602-3336

    8 in this area

    105 Total Sales

    Chris Monihan
    Section Image

  • M

    Seller Co-Listing Agent in 2020

    MICHAEL FERRENS

    MONIHAN REALTY

    (609) 746-8658

    5 Total Sales

    MICHAEL FERRENS
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 536207

South Jersey Shore Regional MLS

APN: 21-00611-0000-00012

New Jersey Atlantic County Somers Point 08244

22 E Pierson Ave, Somers Point, NJ

This home is located at 22 E Pierson Ave, Somers Point, NJ 08244 and is currently priced at $225,000, approximately $360 per square foot. 22 E Pierson Ave is a home located in Atlantic County with nearby schools including Mainland Regional High School, ChARTer TECH High School for the Performing Arts, and Saint Joseph Regional School.

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