NOT LISTED FOR SALE

505 New Rd Somers Point, NJ 08244

Estimated Value: $1,187,387

-- Bed
-- Bath
13,684 Sq Ft
$87/Sq Ft Est. Value

About This Home

This home is located at 505 New Rd, Somers Point, NJ 08244 and is currently estimated at $1,187,387, approximately $86 per square foot. 505 New Rd 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.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 1, 2014
Sold by
Miami Window & Jalousies Inc
Bought by
505 New Road Llc
Current Estimated Value
$1,187,387

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$621,810
Outstanding Balance
$480,048
Interest Rate
4.37%
Mortgage Type
Commercial
Estimated Equity
$728,217
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
505 New Road Llc $621,810 Surety Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miami Somers Llc $50,000
Open 505 New Road Llc $621,810
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
2024 $42,876 $1,199,000 $689,000 $510,000
2023 $40,059 $1,199,000 $689,000 $510,000
2022 $40,059 $1,199,000 $689,000 $510,000
2021 $39,459 $1,199,000 $689,000 $510,000
2020 $38,656 $1,199,000 $689,000 $510,000
2019 $37,565 $1,199,000 $689,000 $510,000
2018 $36,773 $1,199,000 $689,000 $510,000
2017 $35,454 $1,199,000 $689,000 $510,000
2016 $33,848 $1,199,000 $689,000 $510,000
2015 $33,500 $1,199,000 $689,000 $510,000
2014 $41,553 $1,539,000 $689,000 $850,000
Source: Public Records

Map

New Jersey Atlantic County Somers Point 08244

505 New Rd, Somers Point, NJ

This home is located at 505 New Rd, Somers Point, NJ 08244 and is currently estimated at $1,187,387, approximately $86 per square foot. 505 New Rd 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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