L
Seller's Agent in 2024
Linda Walsh
Keller Williams Realty Jersey Shore - Ocean City
(609) 335-0809
6 Total Sales
40 Delaware Ave Somers Point, NJ 08244
Estimated Value: $650,000 - $749,000
Studio
--
Bath
2,195
Sq Ft
$316/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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 4, 2023
Closed on
Jan 10, 2024
Sold by
Bought by
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
$153,328
Avg. Annual Appreciation
10.81%
Original Mortgage
$405,750
Outstanding Balance
$397,128
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$297,200
Purchase Details
Closed on
Aug 13, 2008
Sold by
Bought by
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
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $541,000 | Surety Title | ||
| $345,000 | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $405,750 | ||
| Previous Owner | $345,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
| 2023 | $8,840 | $264,600 | $80,900 | $183,700 |
| 2022 | $8,840 | $264,600 | $80,900 | $183,700 |
| 2021 | $8,708 | $264,600 | $80,900 | $183,700 |
| 2020 | $8,531 | $264,600 | $80,900 | $183,700 |
| 2019 | $8,290 | $264,600 | $80,900 | $183,700 |
| 2018 | $8,115 | $264,600 | $80,900 | $183,700 |
| 2017 | $7,824 | $264,600 | $80,900 | $183,700 |
| 2016 | $7,470 | $264,600 | $80,900 | $183,700 |
| 2015 | $7,393 | $264,600 | $80,900 | $183,700 |
| 2014 | $7,144 | $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 Total Sale
Map
Source: South Jersey Shore Regional MLS
MLS Number: 579424
APN: 21-01713-0000-00013
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.
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.
© 2026 South Jersey Shore Regional Multiple Listing Service. All rights reserved.
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