NOT LISTED FOR SALE

401 Rhode Island Ave Somers Point, NJ 08244

Estimated Value: $314,000 - $419,000

-- Bed
-- Bath
-- Sq Ft
5,009 Sq Ft Lot

Last Sold May 22, 2012

Last sale price $120,000

Est. 214% increase in value since last sale

Current estimated payment $2,552/month

79 Days on Market

About This Home

As of May 2012

GREAT FOR INVESTMENT. BOTTOM FLOOR VACANT TOP FLOOR RENTED. YEARLY OWNER COLLECTED $16,200 IN RENT (WHEN BOTH UNITS WERE RENTED, TOO LOW FOR UNITS) AND THE TAXES ARE ONLY $4151. TENANT PAYS ALL UTILITIES. THIS DUPLEX SITS ON CORNER OF 4TH AND RHODE ISLAND. WALK TO EVERYTHING. PRICED TO SELL. (EVEN IN THIS MARKET)

Last Agent to Sell the Property

Cynthia White

PLATINUM REAL ESTATE Listed on: 01/27/2012

PLATINUM REAL ESTATE

Last Buyer's Agent

Don Wristbridge

BHHS FOX and ROACH-Simpson OC

BHHS FOX and ROACH-Simpson OC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,741

Lot Details

  • Lot Dimensions are 50x100
  • Corner Lot

Home Design

  • Duplex
  • Asbestos Siding

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Separate Water Meter
  • Gas Water Heater

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,741

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Duplex
  • Allow Comsumer Comment: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: 6 Ft. Or More Head Room

Exterior Features

  • Siding Exterior: Asbestos
  • Storm Screens: Combination

Utilities

  • Air Conditioner: Window Units
  • Heating: Gas-Natural
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas

Lot Info

  • Location: Corner
  • Lot Dimensions: 50X100

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: Cable Tv, Electric, Gas, Heat, Hot Water, Sewer, Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 27, 2012
Closed on
May 24, 2012
Sold by
Thomas Leslie J
Bought by
Acevedo Gustavo
Seller's Agent
Cynthia White
PLATINUM REAL ESTATE
Buyer's Agent
Don Wristbridge
BHHS FOX and ROACH-Simpson OC
List Price
$120,000
Sold Price
$120,000
Current Estimated Value
$376,772

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$256,772
Avg. Annual Appreciation
8.88%

Purchase Details

Closed on
Nov 1, 1988
Sold by
Roberts George F
Bought by
Thomas John R and Thomas Leslie J
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
Acevedo Gustavo $120,000 North American Title Agency
Thomas John R $77,500 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/22/2012 05/22/12 Sold $120,000 0.0% --
04/15/2012 04/15/12 Pending -- -- --
01/27/2012 01/27/12 For Sale $120,000 -- --
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 $6,741 $188,500 $55,000 $133,500
2024 $6,741 $188,500 $55,000 $133,500
2023 $6,298 $188,500 $55,000 $133,500
2022 $6,298 $188,500 $55,000 $133,500
2021 $6,204 $188,500 $55,000 $133,500
2020 $6,077 $188,500 $55,000 $133,500
2019 $5,906 $188,500 $55,000 $133,500
2018 $5,781 $188,500 $55,000 $133,500
2017 $5,574 $188,500 $55,000 $133,500
2016 $5,321 $188,500 $55,000 $133,500
2015 $5,267 $188,500 $55,000 $133,500
2014 $5,090 $188,500 $55,000 $133,500
Source: Public Records

Agents Affiliated with this Home

  • Cynthia White

    Seller's Agent in 2012

    Cynthia White

    PLATINUM REAL ESTATE

    (609) 553-3511

    5 in this area

    86 Total Sales

    Cynthia White
    Section Image
  • Don Wristbridge

    Buyer's Agent in 2012

    Don Wristbridge

    BHHS Fox & Roach

    (609) 377-7376

    6 in this area

    30 Total Sales

    Don Wristbridge
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 389517

South Jersey Shore Regional MLS

APN: 21-01219-0000-00006

New Jersey Atlantic County Somers Point 08244

401 Rhode Island Ave, Somers Point, NJ

This home is located at 401 Rhode Island Ave, Somers Point, NJ 08244 since 27 January 2012 and is currently estimated at $376,772. 401 Rhode Island 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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