NOT LISTED FOR SALE

518 Somerset St Gloucester City, NJ 08030

Estimated Value: $172,794

3 Beds
2 Baths
1,504 Sq Ft
$115/Sq Ft Est. Value

Last Sold April 29, 2024

Last sale price $169,900 $113 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $1,295/month

10 Days on Market

About This Home

As of April 2024

Backup offers only! As-is, where-is. * Buyer is responsible for any and all certifications as may be required by municipality as needed. Seller and listing agent make no representation regarding any information contained within or regarding the property. Buyer is responsible for verifying the accuracy of any and all information provided in the mls including but not limited to, room sizes, property amenities, property condition, functionality of any systems, property condition, functionality of any systems, etc.

Last Agent to Sell the Property

Linda Wilhelm

BHHS Fox & Roach-Medford Listed on: 03/13/2024

BHHS Fox & Roach-Medford

Last Buyer's Agent

Eric Chapelle

Weichert Realtors-Cherry Hill License #2293774

Weichert Realtors-Cherry Hill

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,843

Year Built

  • Built in 1900

Lot Details

  • 1,721 Sq Ft Lot
  • Lot Dimensions are 20.00 x 86.00

Parking

  • On-Street Parking

Home Design

  • Semi-Detached or Twin Home
  • Side-by-Side
  • Block Foundation
  • Frame Construction

Interior Spaces

  • 1,504 Sq Ft Home
  • Property has 2 Levels
  • Unfinished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms

Utilities

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

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00008
  • Assessor Parcel Number 14-00058-00008

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,843

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Side-By-Side
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Remarks Public: Backup offers only! As-is, where-is. * Buyer is responsible for any and all certifications as may be required by municipality as needed. Seller and listing agent make no representation regarding any information contained within or regarding the property. Buyer is responsible for verifying the accuracy of any and all information provided in the mls including but not limited to, room sizes, property amenities, property condition, functionality of any systems, property condition, functionality of any systems, etc.
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Fireplace: No
  • Foundation Details: Block
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 1504
  • Living Area Sq Ft: 1504
  • Price Per Sq Ft: 108.31
  • Above Grade Finished Sq Ft: 1504
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 518

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full 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: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • 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 CITY SCHOOLS
  • School District Key: 300200396970
  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.04
  • Lot Dimensions: 20.00 x 86.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1721.00
  • Year Assessed: 2022
  • Zoning: RES

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 3843.00
  • Assessor Parcel Number: 14-00058-00008
  • Tax Lot: 00008
  • Tax Total Finished Sq Ft: 1504
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 04/29/2024

MLS Schools

  • School District Name: GLOUCESTER CITY SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2024
Closed on
Apr 22, 2024
Sold by
Nj Hsng & Mtg Finance Agency
Bought by
Faras Richard M and Rupertus Ryan
Seller's Agent
Linda Wilhelm
BHHS Fox & Roach-Medford
Buyer's Agent
Eric Chapelle
Weichert Realtors-Cherry Hill
List Price
$162,900
Sold Price
$169,900
Premium/Discount to List
$7,000
4.3%
Views
92
Current Estimated Value
$172,794

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,894
Original Mortgage
$17,000
Interest Rate
6.79%

Purchase Details

Closed on
Nov 15, 2023
Sold by
Sheriff / The County / Camden
Bought by
Nj Hsng & Mtg Finance Agency and Reynolds

Purchase Details

Closed on
May 15, 2008
Sold by
Cinalli Dennis
Bought by
Reynolds Charles J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,376
Interest Rate
5.91%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Sep 12, 2006
Sold by
Krieger West Prop Llc
Bought by
Cinalli Dennis

Purchase Details

Closed on
Jul 15, 2003
Sold by
Oshea Frances
Bought by
Krieger Steven

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,600
Interest Rate
6.03%

Purchase Details

Closed on
Apr 9, 2003
Sold by
Estate Of Chester S Maryak
Bought by
Oshea Frances A

Purchase Details

Closed on
Jul 16, 1997
Sold by
Massi Joseph
Bought by
Wings Wings and Wings More

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,000
Interest Rate
7.79%
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 Buyer Sale Price Title Company
Faras Richard M $169,900 Core Title
Nj Hsng & Mtg Finance Agency -- None Listed On Document
Reynolds Charles J $140,000 --
Cinalli Dennis $75,101 --
Krieger Steven $55,600 --
Oshea Frances A -- --
Wings Wings $63,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Faras Richard M $17,000
Open Faras Richard M $162,500
Previous Owner Reynolds Charles J $5,376
Previous Owner Reynolds Charles J $134,400
Previous Owner Krieger Steven $53,600
Previous Owner Wings Wings $57,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2024 04/29/24 Sold $169,900 +4.3% $113 / Sq Ft
03/23/2024 03/23/24 Pending -- -- --
03/13/2024 03/13/24 For Sale $162,900 -- $108 / 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
2024 $4,088 $81,700 $16,600 $65,100
2023 $4,088 $81,700 $16,600 $65,100
2022 $3,844 $81,700 $16,600 $65,100
2021 $3,806 $81,700 $16,600 $65,100
2020 $3,675 $81,700 $16,600 $65,100
2019 $3,600 $81,700 $16,600 $65,100
2018 $3,529 $81,700 $16,600 $65,100
2017 $3,457 $81,700 $16,600 $65,100
2016 $3,326 $81,700 $16,600 $65,100
2015 $2,995 $81,700 $16,600 $65,100
2014 $2,754 $52,500 $11,200 $41,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJCD2064604

Bright MLS

APN: 14-00058-0000-00008