NOT LISTED FOR SALE

58 E New York Ave Somers Point, NJ 08244

Estimated Value: $355,940

0.35 Acre
$1,016,971 Price per Acre
15,246 Sq Ft Lot

Last Sold December 15, 2021

Last sale price $250,000

Est. 42% increase in value since last sale

Current estimated payment $2,236/month

3 Days on Market

About This Lot

As of December 2021

Rare opportunity to own this centrally located corner lot in the marina / restaurant district of Somers Point. Currently used as a 24 space parking lot. 15,000+ sq ft lot for commercial or possible single family use. Lots of options. Ocean City and great beach towns are less than 10 min away.

Last Agent to Sell the Property

Chris Monihan

MONIHAN REALTY Listed on: 10/29/2021

Last Buyer's Agent

Brian Logue

BHHS FOX and ROACH-Simpson OC

BHHS FOX and ROACH-Simpson OC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $14,880

Lot Details

  • 0.35 Acre Lot
  • Lot Dimensions are 126 x 120
  • Dirt Road
  • Corner Lot
  • Property is zoned Commercial

Property Details

Property Type

Land

Est. Annual Taxes

$14,880

Lot Details

0

Listing Details

  • Class: Lots/Land
  • Type: 10,001 To 20,000 Sqft
  • Development Status: Buildable Lot
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Frontage: Town

Lot Info

  • Location: Corner
  • Lot Dimensions: 126 X 120
  • Number Of Acres: 0.35
  • Number Of Lots: One
  • Zoning: Commercial, Residential

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 29, 2021
Closed on
Dec 8, 2021
Sold by
Shore Memorial Hospital
Bought by
South Jersey Yacht Sales Properties Somers Po
Seller's Agent
Chris Monihan
MONIHAN REALTY
Buyer's Agent
Brian Logue
BHHS FOX and ROACH-Simpson OC
List Price
$250,000
Sold Price
$250,000
Current Estimated Value
$355,940

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,940
Avg. Annual Appreciation
9.38%

Purchase Details

Closed on
Feb 20, 1979
Bought by
Shore Memorial Hospital
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
South Jersey Yacht Sales Properties Somers Po $250,000 Freedom Title & Abstract
Shore Memorial Hospital $49,500 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/15/2021 12/15/21 Sold $250,000 0.0% --
12/15/2021 12/15/21 Sold $250,000 0.0% -- View Prior Sale
11/12/2021 11/12/21 For Sale $250,000 0.0% --
11/01/2021 11/01/21 Pending -- -- --
11/01/2021 11/01/21 Pending -- -- --
10/29/2021 10/29/21 For Sale $250,000 0.0% --
10/29/2021 10/29/21 Off Market $250,000 -- --
07/15/2021 07/15/21 Pending -- -- --
06/23/2021 06/23/21 For Sale $250,000 -- --
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
2025 $14,880 $416,100 $406,900 $9,200
2024 $14,880 $416,100 $406,900 $9,200
2023 $13,902 $416,100 $406,900 $9,200
2022 $13,902 $416,100 $406,900 $9,200
2021 $0 $416,100 $406,900 $9,200
2020 $0 $416,100 $406,900 $9,200
2019 $0 $416,100 $406,900 $9,200
2018 $0 $416,100 $406,900 $9,200
2017 $0 $416,100 $406,900 $9,200
2016 $0 $416,100 $406,900 $9,200
2015 -- $416,100 $406,900 $9,200
2014 -- $416,100 $406,900 $9,200
Source: Public Records

Agents Affiliated with this Home

  • Chris Monihan

    Seller's Agent in 2021

    Chris Monihan

    MONIHAN REALTY

    (609) 602-3336

    7 in this area

    110 Total Sales

    Chris Monihan
    Section Image
  • Brian Logue

    Buyer's Agent in 2021

    Brian Logue

    BHHS Fox & Roach

    (609) 827-0820

    27 in this area

    197 Total Sales

    Brian Logue
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 556983

South Jersey Shore Regional MLS

APN: 21-01512-0000-00021

New Jersey Atlantic County Somers Point 08244

58 E New York Ave, Somers Point, NJ

Not Listed for Sale

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