NOT LISTED FOR SALE

7 S Laurel Dr Somers Point, NJ 08244

Estimated Value: $493,000 - $531,000

3 Beds
3 Baths
1,608 Sq Ft
$318/Sq Ft Est. Value

About This Home

This home is located at 7 S Laurel Dr, Somers Point, NJ 08244 and is currently estimated at $510,709, approximately $317 per square foot. 7 S Laurel Dr 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.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 29, 2022
Sold by
Sawyer Loretta G
Bought by
Gerbasio Thomas J and Gerbasio Kathleen M
Current Estimated Value
$510,709

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 30, 2008
Sold by
Basil Thomas and Scibal David A
Bought by
Sawyer Loretta G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,000
Interest Rate
6.43%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 1, 2005
Sold by
Sides Mary L
Bought by
Basil Thomas and Scibal David A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,910
Interest Rate
5.63%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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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

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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
Gerbasio Thomas J $400,000 Trident Land Transfer
Sawyer Loretta G $395,000 Shore Title Agency Inc
Basil Thomas $319,900 Congress Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gerbasio Thomas J $200,000
Previous Owner Sawyer Loretta G $316,000
Previous Owner Basil Thomas $287,910
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 $8,851 $247,500 $107,200 $140,300
2024 $8,851 $247,500 $107,200 $140,300
2023 $8,269 $247,500 $107,200 $140,300
2022 $8,269 $247,500 $107,200 $140,300
2021 $8,145 $247,500 $107,200 $140,300
2020 $7,979 $247,500 $107,200 $140,300
2019 $7,754 $247,500 $107,200 $140,300
2018 $7,591 $247,500 $107,200 $140,300
2017 $7,319 $247,500 $107,200 $140,300
2016 $6,987 $247,500 $107,200 $140,300
2015 $6,915 $247,500 $107,200 $140,300
2014 $6,683 $247,500 $107,200 $140,300
Source: Public Records

Map

New Jersey Atlantic County Somers Point 08244

7 S Laurel Dr, Somers Point, NJ

Not Listed for Sale

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