NOT LISTED FOR SALE

550 New Rd Somers Point, NJ 08244

Estimated Value: $1,726,573

-- Bed
-- Bath
3,216 Sq Ft
$537/Sq Ft Est. Value

About This Home

This home is located at 550 New Rd, Somers Point, NJ 08244 and is currently estimated at $1,726,573, approximately $536 per square foot. 550 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 Gospel of Grace Christian School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 27, 2015
Sold by
Lerit Sung Mi
Bought by
Ren Yun and Chau Cheung Hong
Current Estimated Value
$1,726,573

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$489,300
Outstanding Balance
$389,935
Interest Rate
3.94%
Mortgage Type
Commercial
Estimated Equity
$1,294,640

Purchase Details

Closed on
Sep 28, 1998
Sold by
J J S Inc
Bought by
Lerit Sung Mi

Purchase Details

Closed on
Jun 15, 1989
Sold by
P J Developmental Company Inc
Bought by
J J S Inc

Purchase Details

Closed on
Sep 27, 1988
Sold by
Major Thomas E and Major Margaret A
Bought by
P J Developmental Co Inc
Source: Public Records

Range of Values:

Collateral Analytics

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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

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Quantarium

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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
Ren Yun $699,000 Surety Title
Lerit Sung Mi $285,000 --
J J S Inc $227,700 --
P J Developmental Co Inc $91,500 --
P J Developmental Co Inc $35,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ren Yun $489,300
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 $19,418 $543,000 $405,700 $137,300
2024 $19,418 $543,000 $405,700 $137,300
2023 $18,142 $543,000 $405,700 $137,300
2022 $18,142 $543,000 $405,700 $137,300
2021 $17,870 $543,000 $405,700 $137,300
2020 $17,506 $543,000 $405,700 $137,300
2019 $17,012 $543,000 $405,700 $137,300
2018 $16,654 $543,000 $405,700 $137,300
2017 $16,057 $543,000 $405,700 $137,300
2016 $15,329 $543,000 $405,700 $137,300
2015 $15,171 $543,000 $405,700 $137,300
2014 $14,661 $543,000 $405,700 $137,300
Source: Public Records

Map

New Jersey Atlantic County Somers Point 08244

550 New Rd, Somers Point, NJ

This home is located at 550 New Rd, Somers Point, NJ 08244 and is currently estimated at $1,726,573, approximately $536 per square foot. 550 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 Gospel of Grace Christian School.

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