NOT LISTED FOR SALE

7 Colgate Rd Somers Point, NJ 08244

Estimated Value: $437,000 - $520,000

5 Beds
3 Baths
2,188 Sq Ft
$216/Sq Ft Est. Value

Last Sold June 01, 2020

Last sale price $260,000 $119 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $3,186/month

4 Days on Market

Highlights

  • Deck
  • Den
  • Eat-In Kitchen
  • Mainland Regional High School Rated A-
  • Porch
  • In-Law or Guest Suite

About This Home

As of June 2020

5 Bedrooms! 3 Bathrooms! Spacious And Pretty Split Level. Updates And Upgrades Galore. Addition For 5th Bedroom And So Much More With Separate Entrance, So It Can Be Used As An In-Law Suite. So Much Packed Into The More Than 2,100 Square Feet. Two Decks, One Of The 2nd Floor Master Bedroom. Fenced In Yard. Great Shed In Back. Great Value!

Last Listed By

William Friedman

Keller Williams Realty Jersey Shore-Ocean City License #SP-9805393 Listed on: 03/05/2020

Keller Williams Realty Jersey Shore-Ocean City

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,107

Year Built

  • Built in 1970

Lot Details

  • Lot Dimensions are 74x130
  • Fenced

Home Design

  • Split Level Home
  • Vinyl Siding

Interior Spaces

  • Den
  • Exterior Basement Entry
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Stove

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • In-Law or Guest Suite
  • 3 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Parking Pad

Outdoor Features

  • Deck
  • Patio
  • Shed
  • Porch

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,107

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: Split Level
  • Lvt Date: 03/05/2020
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Gas Stove, Refrigerator
  • Flooring: Tile, Vinyl, W/W Carpet
  • Bedrooms: 5
  • Full Bathrooms: 3
  • Basement: Outside Entrance
  • Other Rooms: Den/Tv Room, Eat In Kitchen, In-Law Quarters, Laundry/Utility Room

Exterior Features

  • Outside Features: Deck, Fenced Yard, Patio, Porch, Shed, Sidewalks
  • Siding Exterior: Vinyl

Garage/Parking

  • Driveway: Concrete
  • Parking Exterior: Two Car, Parking Pad

Utilities

  • Air Conditioner: Central
  • Heating: Gas-Natural
  • Sewer: Public Sewer
  • Water: Public

Lot Info

  • Lot Dimensions: 74x130
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2020
Closed on
May 28, 2020
Sold by
Wallace Susan J
Bought by
Thompson Vehonna
Seller's Agent
William Friedman
Keller Williams Realty Jersey Shore-Ocean City
Buyer's Agent
CATHERINE M BELL PRATT
JOSHUA REALTY and DEVELOPERS, LLC
List Price
$250,000
Sold Price
$260,000
Premium/Discount to List
$10,000
4%
Total Days on Market
4
Current Estimated Value
$472,896

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$212,896
Avg. Annual Appreciation
11.52%
Original Mortgage
$255,290
Outstanding Balance
$230,741
Interest Rate
3.2%
Mortgage Type
FHA
Estimated Equity
$214,854

Purchase Details

Closed on
Dec 14, 2009
Sold by
Wallace Susan J and Wallace Robert L
Bought by
Wallace Susan J

Purchase Details

Closed on
Jun 5, 1998
Sold by
Wallace Robert L
Bought by
Wallace Susan J

Range of Values:

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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
Thompson Vehonna $260,000 City Abstract
Wallace Susan J -- None Available
Wallace Susan J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thompson Vehonna $23,642
Open Thompson Vehonna $255,290
Previous Owner Wallace Susan J $10,000
Previous Owner Wallace Susan J $10,172
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2020 06/01/20 Sold $260,000 +4.0% $119 / Sq Ft
03/09/2020 03/09/20 Pending -- -- --
03/05/2020 03/05/20 For Sale $250,000 -- $114 / Sq Ft
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
2024 $8,107 $226,700 $68,300 $158,400
2023 $7,574 $226,700 $68,300 $158,400
2022 $7,574 $226,700 $68,300 $158,400
2021 $7,461 $226,700 $68,300 $158,400
2020 $7,309 $226,700 $68,300 $158,400
2019 $7,103 $226,700 $68,300 $158,400
2018 $7,201 $234,800 $68,300 $166,500
2017 $6,943 $234,800 $68,300 $166,500
2016 $6,628 $234,800 $68,300 $166,500
2015 $6,560 $234,800 $68,300 $166,500
2014 $6,340 $234,800 $68,300 $166,500
Source: Public Records

Agents Affiliated with this Home

  • William Friedman

    Seller's Agent in 2020

    William Friedman

    Keller Williams Realty Jersey Shore-Ocean City

    (609) 602-1001

    47 Total Sales

    William Friedman
    Section Image

  • C

    Buyer's Agent in 2020

    CATHERINE M BELL PRATT

    JOSHUA REALTY and DEVELOPERS, LLC

    (609) 677-0771

    35 Total Sales

    CATHERINE M BELL PRATT
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 534855

South Jersey Shore Regional MLS

APN: 21-01227-0000-00007

New Jersey Atlantic County Somers Point 08244

7 Colgate Rd, Somers Point, NJ

Homes for Sale in Somers Point, NJ

This home is located at 7 Colgate Rd, Somers Point, NJ 08244 since 05 March 2020 and is currently estimated at $472,896, approximately $216 per square foot. This property was built in 1970. 7 Colgate 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 Saint Joseph Regional School.

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