NOT LISTED FOR SALE

5 Somerset Ln Ocean City, NJ 08226

Estimated Value: $635,000 - $1,405,246

3 Beds
1 Bath
898 Sq Ft
$1,214/Sq Ft Est. Value

About This Home

This home is located at 5 Somerset Ln, Ocean City, NJ 08226 and is currently estimated at $1,090,562, approximately $1,214 per square foot. 5 Somerset Ln is a home located in Cape May County with nearby schools including Ocean City Primary School, Ocean City Intermediate School, and Ocean City High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 7, 2020
Sold by
Schock John and Schock Charles
Bought by
Duckwitz Ryan and Duckwitz Melissa
Current Estimated Value
$1,090,562

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,000
Outstanding Balance
$287,411
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$803,151

Purchase Details

Closed on
Apr 12, 2019
Sold by
Downey-Lamb Maureen
Bought by
Schock John and Schock Charles

Purchase Details

Closed on
Aug 20, 2014
Sold by
Downey Margaret M
Bought by
Lamb Maureen Downey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,000
Interest Rate
3.27%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 12, 1983
Bought by
Downey Margaret M
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Duckwitz Ryan $360,000 Freedom Title
Schock John $300,000 Freedom Title
Lamb Maureen Downey $221,000 First American Title Ins Co
Downey Margaret M $71,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Duckwitz Ryan $324,000
Previous Owner Lamb Maureen Downey $221,000
Source: Public Records

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 $11,343 $1,011,000 $254,400 $756,600
2024 $11,343 $1,011,000 $254,400 $756,600
2023 $10,828 $1,011,000 $254,400 $756,600
2022 $2,557 $1,011,000 $254,400 $756,600
2021 $2,053 $254,400 $254,400 $0
2020 $3,108 $317,800 $254,400 $63,400
2019 $3,073 $317,800 $254,400 $63,400
2018 $3,045 $317,800 $254,400 $63,400
2017 $2,997 $317,800 $254,400 $63,400
2016 $2,882 $317,800 $254,400 $63,400
2015 $2,844 $317,800 $254,400 $63,400
2014 $2,803 $317,800 $254,400 $63,400
Source: Public Records

Map

New Jersey Cape May County Ocean City 08226

5 Somerset Ln, Ocean City, NJ

This home is located at 5 Somerset Ln, Ocean City, NJ 08226 and is currently estimated at $1,090,562, approximately $1,214 per square foot. 5 Somerset Ln is a home located in Cape May County with nearby schools including Ocean City Primary School, Ocean City Intermediate School, and Ocean City High School.

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