NOT LISTED FOR SALE

603 Harbour Cove Somers Point, NJ 08244

Estimated Value: $516,240 - $662,000

2 Beds
2 Baths
-- Sq Ft
566 Sq Ft Lot

Last Sold December 28, 2020

Last sale price $300,000

Est. 91% increase in value since last sale

Current estimated payment $3,804/month

215 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • Property is near a marina
  • Ground Level Unit
  • Mainland Regional High School Rated A-
  • The property is located in a historic district
  • Community Pool

About This Home

As of December 2020

BAYFRONT HARBOUR COVE - 2 bedroom, 2 bath first floor unit, beautiful water views overlooking the North Marina; Fireplace, spacious deck overlooking the water, gas heat, central air, carport; Harbour Cove is an upscale Somers Point bayfront boating community; Amenities include pool, waterfront boardwalk leading to a gourmet restaurant w/outside deck dining; Great location, just blocks to the Gateway Playhouse, nearby fishing pier, music concerts on the Somers Point Beach; Just minutes from Atlantic City casinos & Ocean City boardwalk & beaches! Being sold "AS IS"; Subject to tenancy, leased until 5/31/21, rent is $1600 a month+ utilities.

Last Agent to Sell the Property

Cathy Laltrello

RE/MAX ATLANTIC License #RB-8036281 Listed on: 02/18/2020

RE/MAX ATLANTIC

Last Buyer's Agent

Cathy Laltrello

RE/MAX ATLANTIC License #RB-8036281 Listed on: 02/18/2020

RE/MAX ATLANTIC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,469

Lot Details

  • 566

Home Design

  • Shingle Siding
  • Cedar Siding

Interior Spaces

  • 3-Story Property
  • Wood Burning Fireplace
  • Carpet
  • Water Views

Kitchen

  • Stove
  • Microwave
  • Dishwasher
  • Trash Compactor
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Carport

Location

  • Ground Level Unit
  • The property is located in a historic district

Utilities

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

Additional Features

  • Property is near a marina
  • Property Fronts a Bay or Harbor

Community Details

Overview

  • Association fees include insurance, maintenance, management, sewer, trash, water, pool
  • Harbour Cove Condos

Amenities

  • Community Deck or Porch

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,469

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Number Of Levels In Unit: Two
  • Number Of Stories In Bldg: Three To Five
  • Unit Location: First Floor, Water View
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Trash Compactor, Washer
  • Fireplace: Built-In, Wood Burning
  • Bedrooms: 2
  • Bedroom 1: On Level: Upper
  • Bedroom 2: On Level: Upper
  • Full Bathrooms: 2
  • Bathroom 1 Level: Upper
  • Bathroom 2 Level: Upper
  • Dining Room: Size: area, On Level: Main
  • Kitchen: On Level: Main
  • Living Room: Size: great room, On Level: Main
  • Common Area Features: Enclsd/Covered Porch, Pool

Exterior Features

  • Siding Exterior: Cedar, Shingle

Garage/Parking

  • Parking Exterior: Two Car, Carport

Utilities

  • Air Conditioner: Central
  • Heating: Forced Air, Gas-Natural
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA Includes: Insurance, Maintenance, Management, Sewer, Trash, Water, Pool
  • Condo Name: Harbour Cove
  • Management: On-Site Professionals

Lot Info

  • Location: Bay Front, Bulkheaded, Historical District, Marina

Rental Info

  • Pets: Yes

Multi Family

  • Unit Features: Fireplace(s), Master Bath, Pets Allowed, Wall To Wall Carpet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2020
Closed on
Dec 28, 2020
Sold by
Donatelli Geraldine and Donatelli Michael
Bought by
Hill James E and Hill Barbara A
Seller's Agent
Cathy Laltrello
RE/MAX ATLANTIC
Buyer's Agent
Cathy Laltrello
RE/MAX ATLANTIC
List Price
$319,000
Sold Price
$300,000
Premium/Discount to List
-$19,000
-5.96%
Current Estimated Value
$572,060

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$272,060
Avg. Annual Appreciation
14.08%
Original Mortgage
$100,000
Outstanding Balance
$89,250
Interest Rate
2.71%
Mortgage Type
New Conventional
Estimated Equity
$482,810

Purchase Details

Closed on
Apr 30, 2004
Sold by
Walters Joseph C and Walters Shirley M
Bought by
Donatelli Geraldine and Donatelli Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
4.75%
Mortgage Type
New Conventional
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
Hill James E $300,000 Land Title Services
Donatelli Geraldine $320,000 Commonwealth Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hill James E $100,000
Previous Owner Donatelli Geraldine $245,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/28/2020 12/28/20 Sold $300,000 -6.0% --
09/20/2020 09/20/20 Pending -- -- --
09/10/2020 09/10/20 For Sale $319,000 0.0% --
06/01/2020 06/01/20 Rented -- -- --
04/24/2020 04/24/20 For Rent $1,600 0.0% --
04/24/2020 04/24/20 Off Market $300,000 -- --
03/05/2020 03/05/20 Price Changed $309,000 -3.3% --
02/18/2020 02/18/20 For Sale $319,500 0.0% --
01/01/2016 01/01/16 Rented -- -- --
12/02/2015 12/02/15 Under Contract -- -- --
10/11/2015 10/11/15 For Rent -- -- --
01/15/2014 01/15/14 Rented -- -- --
12/16/2013 12/16/13 Under Contract -- -- --
10/23/2013 10/23/13 For Rent -- -- --
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 $9,469 $264,800 $140,000 $124,800
2024 $9,469 $264,800 $140,000 $124,800
2023 $8,847 $264,800 $140,000 $124,800
2022 $8,847 $264,800 $140,000 $124,800
2021 $8,715 $264,800 $140,000 $124,800
2020 $8,537 $264,800 $140,000 $124,800
2019 $8,296 $264,800 $140,000 $124,800
2018 $8,121 $264,800 $140,000 $124,800
2017 $7,830 $264,800 $140,000 $124,800
2016 $7,475 $264,800 $140,000 $124,800
2015 $7,399 $264,800 $140,000 $124,800
2014 $7,150 $264,800 $140,000 $124,800
Source: Public Records

Agents Affiliated with this Home

  • Cathy Laltrello

    Seller's Agent in 2020

    Cathy Laltrello

    RE/MAX

    (609) 927-1063

    18 in this area

    24 Total Sales

    Cathy Laltrello
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 534143

South Jersey Shore Regional MLS

APN: 21-01211-0000-00003-0000-C7603

New Jersey Atlantic County Somers Point 08244

603 Harbour Cove, Somers Point, NJ

Not Listed for Sale

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