NOT LISTED FOR SALE

738 Shore Rd Somers Point, NJ 08244

Estimated Value: $457,000 - $804,000

-- Bed
-- Bath
2,762 Sq Ft
$214/Sq Ft Est. Value

Last Sold October 13, 2022

Last sale price $345,000 $125 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $3,965/month

About This Home

As of October 2022

Triplex with large yard and parking located on the Bay side of Shore Road just steps to Restaurants, Somers Point Beach, close to Ocean City Boardwalk, Longport and Margate Beaches. .Two units currently rented, Large first floor unit with front entrance located on Shore Road was in the process of being renovated and is being sold in it's current condition. Shared laundry facilities with two washers and dryers. Great investment opportunity, AS-Is condition. Priced to sell! Schedule your showing appointment today!

Last Agent to Sell the Property

Susanne Silvestri

RE/MAX COASTAL Listed on: 07/29/2022

RE/MAX COASTAL

Last Buyer's Agent

Morgan DiVello

RE/MAX COMMUNITY - Williamstown License #2076285

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,131

Year Built

  • Built in 1951

Lot Details

  • 4,704

Parking

  • Parking Pad

Home Design

  • Triplex

Kitchen

  • Stove
  • Dishwasher

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Separate Meters
  • Gas Water Heater

Additional Features

  • Exterior Basement Entry
  • Lot Dimensions are 41 x 110

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,131

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Triplex
  • Lvt Date: 07/29/2022
  • Year Built: 1951
  • Allow Comsumer Comment: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Stove, Gas Stove, Refrigerator, Washer
  • Basement: 6 Ft. Or More Head Room, Outside Entrance, Plumbing, Unfinished
  • Other Rooms: Laundry/Utility Rm

Garage/Parking

  • Driveway: Concrete
  • Parking Exterior: Parking Pad

Utilities

  • Air Conditioner: Wall Units
  • Heating: Radiator
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas

Lot Info

  • Lot Dimensions: 41 x 110

Multi Family

  • Number Of Units: 3
  • Number Of1 Bedroom Units: 2
  • Number Of3 Bedroom Units: 1
  • Separate Meters: Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2022
Closed on
Oct 13, 2022
Sold by
Mangrove Properties Llc
Bought by
Atlas Property Investments Llc
Seller's Agent
Susanne Silvestri
RE/MAX COASTAL
Buyer's Agent
Morgan DiVello
RE/MAX COMMUNITY - Williamstown
List Price
$375,000
Sold Price
$345,000
Premium/Discount to List
-$30,000
-8%
Views
68
Current Estimated Value
$590,908

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$245,908
Avg. Annual Appreciation
19.39%
Original Mortgage
$333,750
Interest Rate
7.08%
Mortgage Type
Construction

Purchase Details

Closed on
Jul 26, 2006
Sold by
Joseph Craddock Inc
Bought by
Mangrove Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
6.67%

Purchase Details

Closed on
Mar 10, 2000
Sold by
Moran Barbara G
Bought by
Joseph J Craddock Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,500
Interest Rate
8.31%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

Collateral Analytics

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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
Atlas Property Investments Llc $345,000 Vision Abstract
Mangrove Properties Llc $340,000 --
Joseph J Craddock Inc $98,500 The Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Atlas Property Investments Llc $333,750
Previous Owner Mangrove Properties Llc $206,000
Previous Owner Mangrove Properties Llc $206,000
Previous Owner Mangrove Properties Llc $272,000
Previous Owner Joseph J Craddock Inc $288,900
Previous Owner Joseph J Craddock Inc $27,500
Previous Owner Joseph J Craddock Inc $68,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/13/2022 10/13/22 Sold $345,000 -8.0% $125 / Sq Ft
09/14/2022 09/14/22 Pending -- -- --
07/29/2022 07/29/22 For Sale $375,000 -- $136 / 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
2025 $10,131 $283,300 $59,300 $224,000
2024 $10,131 $283,300 $59,300 $224,000
2023 $7,517 $225,000 $59,300 $165,700
2022 $7,517 $225,000 $59,300 $165,700
2021 $7,405 $225,000 $59,300 $165,700
2020 $7,254 $225,000 $59,300 $165,700
2019 $7,049 $225,000 $59,300 $165,700
2018 $6,901 $225,000 $59,300 $165,700
2017 $8,377 $283,300 $59,300 $224,000
2016 $7,998 $283,300 $59,300 $224,000
2015 $7,915 $283,300 $59,300 $224,000
2014 $7,649 $283,300 $59,300 $224,000
Source: Public Records

Agents Affiliated with this Home

  • Susanne Silvestri

    Seller's Agent in 2022

    Susanne Silvestri

    RE/MAX

    (609) 442-7544

    1 in this area

    40 Total Sales

    Susanne Silvestri
    Section Image

  • M

    Buyer's Agent in 2022

    Morgan DiVello

    RE/MAX

    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 565646

South Jersey Shore Regional MLS

APN: 21-01613-0000-00035

New Jersey Atlantic County Somers Point 08244

738 Shore Rd, Somers Point, NJ

This home is located at 738 Shore Rd, Somers Point, NJ 08244 since 29 July 2022 and is currently estimated at $590,908, approximately $213 per square foot. This property was built in 1951. 738 Shore 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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