Seller's Agent in 2023
CHRISTINE MEADE
MARCHESE REAL ESTATE, LLC
(609) 713-2813
7 in this area
45 Total Sales
29 Gibbs Ave Somers Point, NJ 08244
2
Beds
1
Bath
864
Sq Ft
5,576
Sq Ft Lot
Highlights
- Water Views
- Spa
- Deck
- Mainland Regional High School Rated A-
- A-Frame Home
- Recreation Room
About This Home
As of March 2023This charming 2 bedroom, 1 bath home in the Historic Somers Point Beach neighborhood is perfect for a first time home buyer, second home, or those wishing to downsize. This recently renovated beach block home was safe from all of the major storms. A lovely enclosed front porch offers a great place to enjoy morning coffee and leads to a spacious living room. The kitchen hosts new stainless steel appliances and granite counter-tops with plenty of cabinet space. An over-sized master bedroom with custom built-in shelves easily holds a king size suite with room to spare. The second bedroom features French doors that lead to the back patio. Full finished basement that is perfect for a spare room or entertain the family. Additional features include a laundry room that completes the basement and new flooring throughout the home. Relax in your landscaped back yard with an irresistible back deck. Located within walking distance of Somers Point Beach and close to the bridge into Ocean City, Police Station, Fire Station, Hospital, American Legion, and the VFW. This home is perfect and ready for your family this summer!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $8,461
Year Built
- Built in 1926
Lot Details
- Lot Dimensions are 40x139
- Sprinkler System
Parking
- 2 Parking Spaces
Home Design
- A-Frame Home
- Vinyl Siding
Interior Spaces
- Ceiling Fan
- Great Room
- Dining Room
- Recreation Room
- Storage
- Water Views
- Storage In Attic
Kitchen
- Self-Cleaning Oven
- Stove
- Microwave
- Dishwasher
Flooring
- Wood
- Wood Under Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- Primary Bedroom on Main
- 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
Utilities
- Central Air
- Heating System Uses Natural Gas
- Gas Water Heater
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,074
Avg. Annual Appreciation
10.12%
Original Mortgage
$291,000
Outstanding Balance
$281,572
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$214,502
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
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $391,000 | Freedom Title & Abstract | |
| Deed | $195,000 | -- | |
| Deed | $377,900 | American Title & Settlement | |
| Deed | $112,500 | Shore Title | |
| Deed | -- | -- | |
| Deed | $77,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $291,000 | New Conventional | |
| Previous Owner | $230,000 | New Conventional | |
| Previous Owner | $250,000 | Unknown | |
| Previous Owner | $81,360 | Stand Alone Second | |
| Previous Owner | $258,750 | Fannie Mae Freddie Mac | |
| Previous Owner | $243,880 | Credit Line Revolving | |
| Previous Owner | $100,000 | Credit Line Revolving | |
| Previous Owner | $90,000 | No Value Available |
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
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 | $8,461 | $236,600 | $79,600 | $157,000 |
| 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
-
Thomas Tyrrell
Buyer's Agent in 2023
Thomas Tyrrell
GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY
(609) 425-9486
4 in this area
77 Total Sales
-
Jeff Quintin
Seller's Agent in 2016
Jeff Quintin
eXp Realty - Ocean City S382K
(609) 398-5333
48 in this area
511 Total Sales
-
EDMUND SINDONI
E
Buyer's Agent in 2016
EDMUND SINDONI
BALSLEY/LOSCO
1 in this area
12 Total Sales
Map
Source: South Jersey Shore Regional MLS
MLS Number: 468497
APN: 21-01512-0000-00006
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