NOT LISTED FOR SALE

42 Gibbs Ave Somers Point, NJ 08244

Estimated Value: $482,205 - $528,000

2 Beds
1 Bath
-- Sq Ft
4,008 Sq Ft Lot

Last Sold December 09, 2020

Last sale price $299,999

Est. 70% increase in value since last sale

Current estimated payment $3,268/month

Highlights

  • Deck
  • Wood Flooring
  • Cottage
  • Mainland Regional High School Rated A-
  • Loft
  • Enclosed Patio or Porch

About This Home

As of December 2020

**DRIVEWAY BEING PUT IN**Location and charm make this your perfect coastal cottage by the sea! Only steps away from the bay on one of the most desirable streets in Somers Point. This home has been meticulously maintained and cared for. Full renovations throughout while still keeping it's original character! Walking distance to dining & entertainment, and a quick drive to OC, Margate & Longport Beaches. This home features a converted front porch which is currently used as an office, and a massive walk up attic/loft, and basement. Both which can be converted into additional living space. All new since 2017: new electric paneling and wiring, new 40 gallon water heater, ceiling fans, paint, deck, new hvac, refinished original hardwood floors throughout, new bathroom, all new exterior french doors, windows, & new exterior soffits, gutters, and downspouts. Brand new kitchen in 2020, and new storage shed.

Last Agent to Sell the Property

Kayla Noll

Compass New Jersey-Ocean City (O463E) Listed on: 09/21/2020

Compass New Jersey-Ocean City (O463E)

Co-Listed By

Eric Booth

Compass New Jersey-Ocean City (O463E)

Last Buyer's Agent

JOANNE BERNARDINI, SFR

BHHS FOX and ROACH-Northfield License #1005423

BHHS FOX and ROACH-Northfield

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,859

Lot Details

  • Lot Dimensions are 40 x 100

Parking

  • 3 Parking Spaces

Home Design

  • Cottage

Interior Spaces

  • Ceiling Fan
  • Loft
  • Wood Flooring
  • Storage In Attic
  • Unfinished Basement

Kitchen

  • Stove
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Enclosed Patio or Porch
  • Shed

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,859

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: Cottage
  • Lvt Date: 09/21/2020
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Gas Stove, Washer
  • Flooring: Hardwood
  • Bedrooms: 2
  • Full Bathrooms: 1
  • Basement: Unfinished
  • Other Rooms: Loft, Storage Attic

Exterior Features

  • Outside Features: Deck, Porch Enclosed, Shed

Garage/Parking

  • Parking Exterior: Three Or More Cars

Utilities

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

Lot Info

  • Lot Dimensions: 40 x 100
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2020
Closed on
Dec 8, 2020
Sold by
Lawler Elizabeth
Bought by
Avram Joel D and Avram Rosa Giselle
Seller's Agent
Kayla Noll
Compass New Jersey-Ocean City (O463E)
Buyer's Agent
JOANNE BERNARDINI, SFR
BHHS FOX and ROACH-Northfield
List Price
$349,999
Sold Price
$299,999
Premium/Discount to List
-$50,000
-14.29%
Current Estimated Value
$510,551

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$210,552
Avg. Annual Appreciation
11.49%
Original Mortgage
$220,000
Outstanding Balance
$196,660
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$308,538

Purchase Details

Closed on
Jun 29, 2017
Sold by
Wilmington Savings Fund Society
Bought by
Lawler Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,575
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 10, 2015
Sold by
Adams Barbara A and Adams Mr
Bought by
Wilmington Savings Fund Society and Stanwich Mortgage Loan Turst

Purchase Details

Closed on
Jan 23, 2002
Sold by
Adams William and Skelly Elizabeth S
Bought by
Adams Barbara A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,800
Interest Rate
8.99%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 20, 1998
Sold by
Skelly Elizabeth and Adams Barbara A
Bought by
Adams Barbara A
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
Avram Joel D $299,999 The Title Company
Lawler Elizabeth $118,500 Surety Title Co
Wilmington Savings Fund Society $1,000 None Available
Adams Barbara A -- --
Adams Barbara A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Avram Joel D $220,000
Previous Owner Lawler Elizabeth $450,000
Previous Owner Lawler Elizabeth $133,000
Previous Owner Lawler Elizabeth $112,575
Previous Owner Adams Barbara A $236,975
Previous Owner Adams Barbara A $25,150
Previous Owner Adams Barbara $181,300
Previous Owner Adams Barbara $25,509
Previous Owner Adams Barbara $91,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/09/2020 12/09/20 Sold $299,999 0.0% --
10/26/2020 10/26/20 Pending -- -- --
09/30/2020 09/30/20 Price Changed $299,999 -14.3% --
09/21/2020 09/21/20 For Sale $349,999 -- --
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 $6,859 $191,800 $79,000 $112,800
2024 $6,859 $191,800 $79,000 $112,800
2023 $6,408 $191,800 $79,000 $112,800
2022 $6,408 $191,800 $79,000 $112,800
2021 $6,312 $191,800 $79,000 $112,800
2020 $6,184 $191,800 $79,000 $112,800
2019 $6,009 $191,800 $79,000 $112,800
2018 $4,950 $161,400 $79,000 $82,400
2017 $4,784 $161,800 $79,000 $82,800
2016 $4,568 $161,800 $79,000 $82,800
2015 $4,521 $161,800 $79,000 $82,800
2014 $4,369 $161,800 $79,000 $82,800
Source: Public Records

Agents Affiliated with this Home

  • Kayla Noll

    Seller's Agent in 2020

    Kayla Noll

    Compass New Jersey-Ocean City (O463E)

    (732) 735-1918

    21 in this area

    131 Total Sales

    Kayla Noll
    Section Image
  • Eric Booth

    Seller Co-Listing Agent in 2020

    Eric Booth

    Compass New Jersey-Ocean City (O463E)

    (609) 602-2303

    18 in this area

    139 Total Sales

    Eric Booth
    Section Image
  • JOANNE BERNARDINI, SFR

    Buyer's Agent in 2020

    JOANNE BERNARDINI, SFR

    BHHS Fox & Roach

    (609) 947-2451

    1 in this area

    3 Total Sales

    JOANNE BERNARDINI, SFR
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 542419

South Jersey Shore Regional MLS

APN: 21-01513-0000-00024

New Jersey Atlantic County Somers Point 08244

42 Gibbs Ave, Somers Point, NJ

This home is located at 42 Gibbs Ave, Somers Point, NJ 08244 since 21 September 2020 and is currently estimated at $510,551. 42 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.

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