$350,000
SOLD SEP 27, 2024

508 W New Jersey Ave Somers Point, NJ 08244

3 Beds
2 Baths
-- Sq Ft
7,362 Sq Ft Lot

Recently Sold

12% Below List Price

90 Days on Market

Highlights

  • Ranch Style House
  • Eat-In Kitchen
  • Forced Air Heating and Cooling System
  • Mainland Regional High School Rated A-
  • Shed
  • Dining Room

About This Home

As of March 2025

EPIC & UNIQUE WEALTH BUILDING OPPORTUNITY! Seriously, listen to me... this is the one! Incredible opportunity to own TWO separate homes on one lot! Tons of possibilities for investors: rent both out for passive income, live in one, rent the other out, finally get that shore house you've been dreaming of, and let the other home help you pay for it... truly endless possibilities. And the best part! One unit already comes with a tenant place!! These two homes have 2 separate addresses, back up to one another, and are separated by a fence. 508 W New Jersey is a well kept 2 bed, 1 bath home with a vibey open floor plan & newer roof & HVAC. You walk into the living room, then through an expansive and bright dining room and come to the open, updated kitchen. A few small details to note are ceiling fans, crown moulding, laminate flooring, basement, walk up attic storage, stainless steel appliances, and a storage shed! This home is vacant. 415 Dobbs is a well maintained 1 bed, 1 bath home with a cozy living room, updated kitchen with new stove and fridge, large bedroom, and separate laundry room with stackable w&d. This home doesn't have central air, but a wall unit keeps it nice and chilly in the Summer. Did I mention there is already an AWESOME tenant in place until 3/2025 for you in this home at $1200/month?? No need to worry about vacancy costs, and a good tenant is worth their weight in gold (am I right?). Tons of opportunity here to start or build your investment portfolio and begin earning passive income!! Let's gooo!

Last Agent to Sell the Property

Christina Sciarretta

Keller Williams Realty Jersey Shore-Ocean City License #1325659 Listed on: 05/10/2024

Keller Williams Realty Jersey Shore-Ocean City

Co-Listed By

Alexa Preziosi

Keller Williams Realty Jersey Shore-Ocean City License #2326941

Last Buyer's Agent

Patrick Davish

Keller Williams Realty Jersey Shore-Ocean City License #1008911

Keller Williams Realty Jersey Shore-Ocean City

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,692

Year Built

  • Built in 1932

Lot Details

  • Lot Dimensions are 50 x 147
  • Fenced

Parking

  • 2 Parking Spaces

Home Design

  • Ranch Style House
  • Vinyl Siding

Interior Spaces

  • Ceiling Fan
  • Insulated Windows
  • Dining Room
  • Laminate Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Storm Screens

Kitchen

  • Eat-In Kitchen
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Shed

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,692

Year Built

Built in 1932

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: Ranch
  • Lvt Date: 05/10/2024
  • Year Built: 1932
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Refrigerator
  • Flooring: Laminate Flooring
  • Bedrooms: 3
  • Full Bathrooms: 2
  • Basement: Full, Unfinished
  • Other Rooms: Dining Room, Eat In Kitchen

Exterior Features

  • Outside Features: Fenced Yard, Shed, Sidewalks
  • Siding Exterior: Vinyl
  • Storm Screens: Combination, Insulated Glass

Garage/Parking

  • Parking Exterior: Two Car

Utilities

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

Lot Info

  • Lot Dimensions: 50 x 147
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2025
Closed on
Mar 27, 2025
Sold by
508 W New Jersey Ave Llc
Bought by
Hresko-Staab Lindsey Marie and Hresko-Staab Nicholas
Seller's Agent
Patrick Davish
Keller Williams Realty Jersey Shore-Ocean City
Buyer's Agent
JOHN BURKE
LONG and FOSTER REAL ESTATE INC-Sea Isle City
List Price
$380,000
Sold Price
$416,000
Premium/Discount to List
$36,000
9.47%
Views
45
Current Estimated Value
$399,988

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$16,012
Avg. Annual Appreciation
-11.21%
Original Mortgage
$332,800
Outstanding Balance
$332,509
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$67,479

Purchase Details

Listed on
Feb 4, 2025
Closed on
Mar 19, 2025
Sold by
50 W New Jersey Ave Llc
Bought by
508 W New Jersey Avenue Condominium
Seller's Agent
Patrick Davish
Keller Williams Realty Jersey Shore-Ocean City
Buyer's Agent
JOHN BURKE
LONG and FOSTER REAL ESTATE INC-Sea Isle City
List Price
$380,000
Sold Price
$416,000
Premium/Discount to List
$36,000
9.47%
Views
45

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,800
Outstanding Balance
$332,509
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$67,479

Purchase Details

Listed on
May 10, 2024
Closed on
Sep 27, 2024
Sold by
Birch Kerry
Bought by
508 W New Jersey Ave Llc
Seller's Agent
Christina Sciarretta
Keller Williams Realty Jersey Shore-Ocean City
Buyer's Agent
Patrick Davish
Keller Williams Realty Jersey Shore-Ocean City
List Price
$399,000
Sold Price
$350,000
Premium/Discount to List
-$49,000
-12.28%
Views
311

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
43.32%

Purchase Details

Listed on
Jan 6, 2017
Closed on
Feb 17, 2017
Sold by
Barr Elizabeth
Bought by
Birch Kerry
Seller's Agent
Marsha Mangello
RE/MAX ATLANTIC
Buyer's Agent
Herbert (Mac) Birch III
Compass New Jersey-Ocean City (O463H)
List Price
$157,000
Sold Price
$157,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.11%

Purchase Details

Closed on
Nov 23, 1992
Sold by
Newsom Ruth
Bought by
Barr Elizabeth
Source: Public Records

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Range of Values:

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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 $416,000 Infinity Title
Special Master Deed -- Infinity Title
Deed $350,000 Foundation Title
Deed $350,000 Foundation Title
Bargain Sale Deed $157,000 Surety Title Co
Deed $76,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $332,800 New Conventional
Previous Owner $141,500 New Conventional
Previous Owner $150,000 No Value Available
Previous Owner $150,000 Unknown
Previous Owner $72,500 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/21/2025 03/21/25 Sold $416,000 +9.5% --
02/07/2025 02/07/25 Pending -- -- --
02/04/2025 02/04/25 For Sale $380,000 +8.6% --
09/27/2024 09/27/24 Sold $350,000 -11.4% --
08/08/2024 08/08/24 Pending -- -- --
06/25/2024 06/25/24 Price Changed $395,000 -1.0% --
05/10/2024 05/10/24 For Sale $399,000 +154.1% --
02/17/2017 02/17/17 Sold $157,000 0.0% --
01/17/2017 01/17/17 Pending -- -- --
01/06/2017 01/06/17 For Sale $157,000 -- --
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
2024 $7,692 $215,100 $65,800 $149,300
2023 $7,186 $215,100 $65,800 $149,300
2022 $7,186 $215,100 $65,800 $149,300
2021 $6,739 $215,100 $65,800 $149,300
2020 $6,935 $215,100 $65,800 $149,300
2019 $6,739 $215,100 $65,800 $149,300
2018 $6,597 $215,100 $65,800 $149,300
2017 $6,361 $215,100 $65,800 $149,300
2016 $6,072 $215,100 $65,800 $149,300
2015 $6,010 $215,100 $65,800 $149,300
2014 $5,808 $215,100 $65,800 $149,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 585091

South Jersey Shore Regional MLS

APN: 21-01720-0000-00005