L
Seller's Agent in 2024
Linda Walsh
Keller Williams Realty Jersey Shore-Ocean City
(609) 335-0809
3 in this area
6 Total Sales
40 Delaware Ave Somers Point, NJ 08244
Estimated Value: $601,199 - $745,000
Studio
--
Bath
2,195
Sq Ft
$313/Sq Ft
Est. Value
Highlights
- The property is located in a historic district
- 2 Car Detached Garage
- Baseboard Heating
- Mainland Regional High School Rated A-
About This Home
As of January 2024Attention All Investors! Income producing property located in the Historic Bay District of Somers Point, which is one of the most popular and sought after neighborhoods in town. This 3-unit opportunity does not come along very often. It features two 2-bedroom units and one 1-bedroom unit. Just 1 house up from Bay Ave., the location is within walking distance to restaurants, taverns, marinas, the Somers Point beach and more. Access Ocean City from the 9th Street causeway or the Longport/Ocean City bridge within minutes. The front of this 50 x 150 ft lot begins facing north on Delaware Ave and runs back to Miller Lane, where the detached 2-car garage access is located. An incredible opportunity! Property is being sold strictly in as-is condition.
Last Agent to Sell the Property
Keller Williams Realty Jersey Shore-Ocean City Listed on: 11/04/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1920
Lot Details
- 7,492
Home Design
- Triplex
Parking
- 2 Car Detached Garage
- Parking Pad
Utilities
- Cooling System Mounted In Outer Wall Opening
- Baseboard Heating
- Heating System Uses Natural Gas
- Separate Meters
- Gas Water Heater
Additional Features
- Lot Dimensions are 50 x 150
- The property is located in a historic district
Community Details
- 3 Units
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 4, 2023
Closed on
Jan 10, 2024
Sold by
Thomas William J and Thomas Lynn Ann
Bought by
Noreen Cris R and Dougherty Colleen M
Seller's Agent
Linda Walsh
Keller Williams Realty Jersey Shore-Ocean City
Buyer's Agent
Cris Noreen
FARLEY and FERRY REALTY, INC
List Price
$534,900
Sold Price
$541,000
Premium/Discount to List
$6,100
1.14%
Views
94
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
$172,257
Avg. Annual Appreciation
12.58%
Original Mortgage
$405,750
Outstanding Balance
$397,128
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$290,172
Purchase Details
Closed on
Aug 13, 2008
Sold by
Thomas Helen J
Bought by
Thomas William J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Interest Rate
6.48%
Mortgage Type
Purchase Money Mortgage
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Noreen Cris R | $541,000 | Surety Title | |
| Thomas William J | $345,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Noreen Cris R | $405,750 | |
| Previous Owner | Thomas William J | $345,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/17/2024 01/17/24 | Sold | $541,000 | +1.1% | $246 / Sq Ft |
| 12/08/2023 12/08/23 | Pending | -- | -- | -- |
| 11/04/2023 11/04/23 | For Sale | $534,900 | -- | $244 / 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 | $9,462 | $264,600 | $80,900 | $183,700 |
| 2024 | $9,182 | $264,600 | $80,900 | $183,700 |
Source: Public Records
Agents Affiliated with this Home
-
Linda Walsh
-
Cris Noreen
C
Buyer's Agent in 2024
Cris Noreen
FARLEY and FERRY REALTY, INC
(609) 287-5272
1 in this area
1 Total Sale
Map
Source: South Jersey Shore Regional MLS
MLS Number: 579424
APN: 21-01713-0000-00013
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© 2025 South Jersey Shore Regional Multiple Listing Service. All rights reserved.
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