NOT LISTED FOR SALE

29 Gibbs Ave Somers Point, NJ 08244

Estimated Value: $447,000 - $528,000

2 Beds
1 Bath
864 Sq Ft
$573/Sq Ft Est. Value

Last Sold March 27, 2023

Last sale price $391,000 $453 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $3,392/month

5 Days on Market

Highlights

  • Spa
  • Deck
  • Ranch Style House
  • Mainland Regional High School Rated A-
  • Recreation Room
  • Wood Flooring

About This Home

As of March 2023

WELCOME HOME!!!! This Charming Rancher Features Open Concept Living with an Updated Eat in Kitchen, 2 Spacious Bedrooms, Recently Remodeled Bathroom and a Full Finished Basement with Endless Possibilities! Enjoy Spending Your Mornings Sitting on Your Enclosed Front Porch Sipping Coffe in Peace. Also Featuring a Large Fenced in Yard, Electric Car Charging Port, and Plenty of Storage Space. Walking Distance to Somers Point Beach, the Marina, and Plenty of Local Favorite Restaurants, or Go for a Bike Ride Down the Bike Path or Over the Ocean City Bridge to Enjoy the Beach and Boardwalk.

Last Agent to Sell the Property

CHRISTINE MEADE

MARCHESE REAL ESTATE, LLC License #0562512 Listed on: 02/02/2023

MARCHESE REAL ESTATE, LLC

Last Buyer's Agent

Thomas Tyrrell

GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY License #1325294

GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,461

Year Built

  • Built in 1926

Lot Details

  • Lot Dimensions are 40x139
  • Fenced
  • Sprinkler System

Parking

  • 2 Parking Spaces

Home Design

  • Ranch Style House
  • Shingle Siding
  • Vinyl Siding

Interior Spaces

  • Ceiling Fan
  • Great Room
  • Dining Area
  • Recreation Room
  • Storage
  • Storage In Attic

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Stove
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Wood Under Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Heated Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Home Security

  • Storm Screens
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Spa
  • Deck
  • Enclosed patio or porch
  • Shed

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Gas Water Heater

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,461

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: Ranch
  • Age: 25+ Years
  • Lvt Date: 02/02/2023
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Flooring: Hardwood, W/W Over Hardwood
  • Interior Amenities: Carbon Monoxide Detector, Storage, Smoke/Fire Alarm
  • Bedrooms: 2
  • Full Bathrooms: 1
  • Basement: Finished, Full, Heated, Inside Entrance
  • Other Rooms: Dining Area, Eat In Kitchen, Great Room, Laundry/Utility Room, Recreation/Family, Storage Attic, Primary Br On 1st Floor

Exterior Features

  • Outside Features: Curbs, Deck, Fenced Yard, Patio, Porch Enclosed, Shed, Sidewalks, Sprinkler System, Whirlpool/Spa
  • Siding Exterior: Shingle, Vinyl
  • Storm Screens: Combination

Garage/Parking

  • Driveway: Concrete
  • Parking Exterior: Two Car

Utilities

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

Lot Info

  • Lot Dimensions: 40x139
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2023
Closed on
Mar 27, 2023
Sold by
Jacobs Kevin F and Jacobs Anna
Bought by
Mccormack Therese
Seller's Agent
CHRISTINE MEADE
MARCHESE REAL ESTATE, LLC
Buyer's Agent
Thomas Tyrrell
GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY
List Price
$379,000
Sold Price
$391,000
Premium/Discount to List
$12,000
3.17%
Views
192
Current Estimated Value
$486,666

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,666
Avg. Annual Appreciation
10.62%
Original Mortgage
$291,000
Outstanding Balance
$283,292
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$211,922

Purchase Details

Listed on
May 22, 2016
Closed on
Sep 28, 2016
Sold by
Robbins Catherine and Robbins Douglas
Bought by
Jacobs Kevin F
Seller's Agent
Jeff Quintin
eXp Realty - Ocean City S382K
Buyer's Agent
EDMUND SINDONI
BALSLEY/LOSCO
List Price
$195,000
Sold Price
$195,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.45%

Purchase Details

Closed on
Jun 15, 2005
Sold by
Tampellini Peter J
Bought by
Robbins Douglas and Robbins Catherine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,360
Interest Rate
5.36%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jan 29, 1998
Sold by
Maxwell Gladys E
Bought by
Tampellini Peter J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
6.9%

Purchase Details

Closed on
Jan 26, 1993
Sold by
Brown Robrt E
Bought by
Maxwell Gladys E

Purchase Details

Closed on
Apr 1, 1991
Sold by
Cnroy John W
Bought by
Brown Robert E
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 Buyer Sale Price Title Company
Mccormack Therese $391,000 Freedom Title & Abstract
Jacobs Kevin F $195,000 --
Robbins Douglas $377,900 American Title & Settlement
Tampellini Peter J $112,500 Shore Title
Maxwell Gladys E -- --
Brown Robert E $77,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mccormack Therese $291,000
Previous Owner Jacobs Kevin F $230,000
Previous Owner Robbins Douglas $250,000
Previous Owner Robbins Douglas $81,360
Previous Owner Robbins Douglas $258,750
Previous Owner Tampellini Peter J $243,880
Previous Owner Tampellini Peter J $100,000
Previous Owner Tampellini Peter J $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/27/2023 03/27/23 Sold $391,000 +3.2% $453 / Sq Ft
02/07/2023 02/07/23 Pending -- -- --
02/02/2023 02/02/23 For Sale $379,000 +94.4% $439 / Sq Ft
10/27/2016 10/27/16 Sold $195,000 0.0% $226 / Sq Ft
09/14/2016 09/14/16 Pending -- -- --
05/22/2016 05/22/16 For Sale $195,000 -- $226 / 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
2024 $8,461 $236,600 $79,600 $157,000
2023 $6,251 $187,100 $79,600 $107,500
2022 $6,251 $187,100 $79,600 $107,500
2021 $6,157 $187,100 $79,600 $107,500
2020 $6,032 $187,100 $79,600 $107,500
2019 $5,862 $187,100 $79,600 $107,500
2018 $5,738 $187,100 $79,600 $107,500
2017 $5,533 $187,100 $79,600 $107,500
2016 $5,282 $187,100 $79,600 $107,500
2015 $5,228 $187,100 $79,600 $107,500
2014 $5,052 $187,100 $79,600 $107,500
Source: Public Records

Agents Affiliated with this Home

  • CHRISTINE MEADE

    Seller's Agent in 2023

    CHRISTINE MEADE

    MARCHESE REAL ESTATE, LLC

    (609) 713-2813

    7 in this area

    44 Total Sales

    Section Image
  • Thomas Tyrrell

    Buyer's Agent in 2023

    Thomas Tyrrell

    GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

    (609) 425-9486

    4 in this area

    77 Total Sales

    Section Image
  • Jeff Quintin

    Seller's Agent in 2016

    Jeff Quintin

    eXp Realty - Ocean City S382K

    (609) 398-5333

    49 in this area

    527 Total Sales

    Section Image

  • E

    Buyer's Agent in 2016

    EDMUND SINDONI

    BALSLEY/LOSCO

    1 in this area

    13 Total Sales

    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 570785

South Jersey Shore Regional MLS

APN: 21-01512-0000-00006

New Jersey Atlantic County Somers Point 08244

29 Gibbs Ave, Somers Point, NJ

This home is located at 29 Gibbs Ave, Somers Point, NJ 08244 since 02 February 2023 and is currently estimated at $495,214, approximately $573 per square foot. This property was built in 1926. 29 Gibbs 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

South Jersey Shore Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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