NOT LISTED FOR SALE

551 New Rd Unit B Somers Point, NJ 08244

Estimated Value: $171,000 - $325,000

-- Bed
-- Bath
900 Sq Ft
$265/Sq Ft Est. Value

About This Home

This home is located at 551 New Rd Unit B, Somers Point, NJ 08244 and is currently estimated at $238,263, approximately $264 per square foot. 551 New Rd Unit B 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
Mar 24, 2016
Sold by
Merit Finance Com Inc
Bought by
Somers Point Re Llc
Current Estimated Value
$238,263

Purchase Details

Closed on
Dec 22, 2009
Sold by
Pardon Associates
Bought by
Merit Financecom Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
6%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 20, 1999
Sold by
Katz Josette and Noveck Lisa
Bought by
Katz & Noveck Properties Llc

Purchase Details

Closed on
Jan 3, 1997
Sold by
Lewis William and Lewis Mary
Bought by
Pardon Associates

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,400
Interest Rate
9%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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

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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
Somers Point Re Llc $80,000 Surety Title Company
Merit Financecom Inc $150,000 The Title Company Of Jersey
Katz & Noveck Properties Llc -- --
Pardon Associates $73,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Merit Financecom Inc $70,000
Previous Owner Pardon Associates $58,400
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 $3,111 $87,000 $51,300 $35,700
2024 $3,111 $87,000 $51,300 $35,700
2023 $2,907 $87,000 $51,300 $35,700
2022 $2,907 $87,000 $51,300 $35,700
2021 $2,863 $87,000 $51,300 $35,700
2020 $2,805 $87,000 $51,300 $35,700
2019 $2,726 $87,000 $51,300 $35,700
2018 $2,668 $87,000 $51,300 $35,700
2017 $2,573 $87,000 $51,300 $35,700
2016 $2,456 $87,000 $51,300 $35,700
2015 $2,431 $87,000 $51,300 $35,700
2014 $2,349 $87,000 $51,300 $35,700
Source: Public Records

Map

New Jersey Atlantic County Somers Point 08244

551 New Rd Unit B, Somers Point, NJ

Not Listed for Sale

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