$59,900
SOLD JAN 15, 2021

438 Somerset St Gloucester City, NJ 08030

3 Beds
1.5 Baths
1,132 Sq Ft
1,190 Sq Ft Lot

Recently Sold

$53 Per Sq Ft

15% Above List Price

4 Days on Market

Highlights

  • Trinity Architecture
  • More Than Two Accessible Exits
  • Forced Air Heating System
  • No HOA
  • Doors with lever handles

About This Home

As of July 2021

Fixer in Gloucester City! This gem is a 3/1.5 that has tremendous potential! Fix it up and drop a tenant in for $1,400 a month OR fix it up and sell it for $150k. Either way its a sweetheart of a deal! Make an appointment today and make this one your next project!

Last Agent to Sell the Property

David Vitarelli

HomeSmart First Advantage Realty Listed on: 12/15/2020

HomeSmart First Advantage Realty

Last Buyer's Agent

David Vitarelli

HomeSmart First Advantage Realty Listed on: 12/15/2020

HomeSmart First Advantage Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,122

Year Built

  • Built in 1880

Lot Details

  • 1,190 Sq Ft Lot
  • Lot Dimensions are 14.00 x 85.00
  • Property is in below average condition

Parking

  • On-Street Parking

Home Design

  • Trinity Architecture
  • AirLite
  • Frame Construction

Interior Spaces

  • 1,132 Sq Ft Home
  • Property has 2.5 Levels
  • Unfinished Basement

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Accessible Home Design

  • Doors with lever handles
  • Doors are 32 inches wide or more
  • More Than Two Accessible Exits

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Oil
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00040
  • Assessor Parcel Number 14-00057-00040

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,122

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Airlite, Trinity
  • Accessibility Features: 2+ Access Exits, 32"+ Wide Doors, Doors - Lever Handle(s)
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1880
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Fixer in Gloucester City! This gem is a 3/1.5 that has tremendous potential! Fix it up and drop a tenant in for $1,400 a month OR fix it up and sell it for $150k. Either way its a sweetheart of a deal! Make an appointment today and make this one your next project!
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Fireplace: No
  • Levels Count: 2.5
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 1132
  • Living Area Sq Ft: 1132
  • Price Per Sq Ft: 45.94
  • Above Grade Finished Sq Ft: 1132
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 438

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Oil
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District: GLOUCESTER TOWNSHIP PUBLIC SCHOOLS
  • School District Key: 300200396973
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 59600.00
  • Land Assessed Value: 9800.00
  • Lot Size Acres: 0.03
  • Lot Dimensions: 14.00 x 85.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1190.00
  • Property Condition: Below Average
  • Year Assessed: 2020
  • Zoning: RESIDENTIAL

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1851804
  • Tax Annual Amount: 3122.00
  • Assessor Parcel Number: 14-00057-00040
  • Tax Lot: 00040
  • Tax Total Finished Sq Ft: 1132
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 01/15/2021

MLS Schools

  • School District Name: GLOUCESTER TOWNSHIP PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2021
Closed on
Jul 23, 2021
Sold by
Petka Vincent
Bought by
Johnson Johnathan K
Seller's Agent
Jonathan Morales
Global Elite Realty
Buyer's Agent
Kristine Bowe
BHHS Fox & Roach-Mullica Hill South
List Price
$162,000
Sold Price
$167,000
Premium/Discount to List
$5,000
3.09%
Current Estimated Value
$189,685

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,685
Avg. Annual Appreciation
3.52%
Original Mortgage
$10,000
Interest Rate
2.9%
Mortgage Type
Stand Alone Second

Purchase Details

Listed on
Dec 15, 2020
Closed on
Jan 15, 2021
Sold by
Laurel Property Management Llc
Bought by
Petka Vincent
Seller's Agent
David Vitarelli
HomeSmart First Advantage Realty
Buyer's Agent
David Vitarelli
HomeSmart First Advantage Realty
List Price
$52,000
Sold Price
$59,900
Premium/Discount to List
$7,900
15.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
618.33%

Purchase Details

Listed on
Dec 15, 2020
Closed on
Dec 14, 2020
Sold by
Lionetti Dana T
Bought by
Laurel Property Management Llc
Seller's Agent
David Vitarelli
HomeSmart First Advantage Realty
Buyer's Agent
David Vitarelli
HomeSmart First Advantage Realty
List Price
$52,000
Sold Price
$59,900
Premium/Discount to List
$7,900
15.19%

Purchase Details

Closed on
Sep 20, 2013
Sold by
Lionetti Watson Dawn and Lionetti Watson Dawn O
Bought by
Lionetti Dawn T

Purchase Details

Closed on
Aug 12, 2009
Sold by
Collins Denise D
Bought by
Lionetti Watson Dawn O and Watson Daniel
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Deed $167,000 None Available
Bargain Sale Deed $59,500 Surety Title Company
Bargain Sale Deed $59,500 Surety Title
Bargain Sale Deed $26,000 Surety Title Company
Quit Claim Deed -- None Available
Deed $77,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $8,316 FHA
Previous Owner $10,000 Stand Alone Second
Previous Owner $158,887 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2021 07/23/21 Sold $167,000 +3.1% $148 / Sq Ft
06/08/2021 06/08/21 Pending -- -- --
05/28/2021 05/28/21 For Sale $162,000 +170.5% $143 / Sq Ft
01/15/2021 01/15/21 Sold $59,900 +15.2% $53 / Sq Ft
12/19/2020 12/19/20 Pending -- -- --
12/15/2020 12/15/20 For Sale $52,000 -- $46 / Sq Ft
Source: Bright 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 $3,479 $69,400 $9,800 $59,600
2024 $3,473 $69,400 $9,800 $59,600
2023 $3,473 $69,400 $9,800 $59,600
2022 $3,265 $69,400 $9,800 $59,600
2021 $3,233 $69,400 $9,800 $59,600
2020 $3,122 $69,400 $9,800 $59,600
2019 $3,058 $69,400 $9,800 $59,600
2018 $2,998 $69,400 $9,800 $59,600
2017 $2,936 $69,400 $9,800 $59,600
2016 $2,825 $69,400 $9,800 $59,600
2015 $2,544 $69,400 $9,800 $59,600
2014 $2,534 $48,300 $7,100 $41,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJCD409906

Bright MLS

APN: 14-00057-0000-00040