NOT LISTED FOR SALE

80 Mays Landing Rd Somers Point, NJ 08244

Estimated Value: $666,000 - $902,000

-- Bed
-- Bath
1,280 Sq Ft
$593/Sq Ft Est. Value

Last Sold June 25, 2019

Last sale price $335,000 $262 Per Sq Ft

Est. 127% increase in value since last sale

Current estimated payment $5,097/month

15 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Mainland Regional High School Rated A-
  • Fenced

About This Home

As of June 2019

Calling All Investors! Great opportunity to own 5 rental units (4 units & 1 garage) on a 130 x 150 Lot. Rental Income of $4,400 per month. Close to Ocean City, Parkway Entrance, Marina Area, Shopping District and More! Property being sold in "As Is" condition.

Last Agent to Sell the Property

ELIZABETH NICHOLAS

BALSLEY/LOSCO Listed on: 04/11/2019

BALSLEY/LOSCO

Last Buyer's Agent

Michael Burns

BURNS PROPERTY GROUP, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,648

Lot Details

  • Lot Dimensions are 130 x 150
  • Fenced

Parking

  • 2 Parking Spaces

Home Design

  • Vinyl Siding
  • Stucco

Interior Spaces

  • Insulated Windows

Kitchen

  • Stove
  • Dishwasher

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System
  • Separate Meters
  • Separate Water Meter
  • Gas Water Heater

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,648

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: 4 - 10 Units
  • Lvt Date: 04/17/2019
  • Allow Comsumer Comment: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Stove, Refrigerator, Washer
  • Basement: 6 Ft. Or More Head Room

Exterior Features

  • Outside Features: Fenced Yard, Needs Work
  • Siding Exterior: Stucco, Vinyl
  • Storm Screens: Insulated Glass

Garage/Parking

  • Driveway: Blacktop
  • Parking Exterior: Two Car

Utilities

  • Air Conditioner: Central, Window Units
  • Heating: Forced Air
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas

Lot Info

  • Lot Dimensions: 130 x 150

Rental Info

  • Rental Information: 100 Percent Occupancy

Multi Family

  • Number Of Units: 4
  • Separate Meters: Cooling, Cable Tv, Electric, Gas, Heat, Hot Water, Sewer, Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2019
Closed on
Jun 25, 2019
Sold by
Nehmad Gieseler Philip and Nehmad Gieseler Deborah
Bought by
Bandi Property Management Llc
Seller's Agent
ELIZABETH NICHOLAS
BALSLEY/LOSCO
Buyer's Agent
Michael Burns
BURNS PROPERTY GROUP, LLC
List Price
$399,000
Sold Price
$335,000
Premium/Discount to List
-$64,000
-16.04%
Current Estimated Value
$759,593

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$424,593
Avg. Annual Appreciation
13.92%
Original Mortgage
$268,000
Outstanding Balance
$113,210
Interest Rate
4%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$646,383

Purchase Details

Closed on
Nov 29, 2017
Sold by
Nikos Nikolas
Bought by
Gieseler Philip and Gieseler Deborah Nehmad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 28, 2008
Sold by
Nehmad Deborah and Nikos George
Bought by
Nehmad Deborah and Gieseler Philip

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$371,000
Interest Rate
6.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 25, 2008
Sold by
Dounoulis Konstantine
Bought by
Nehmad Deborah and Nikos George

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$371,000
Interest Rate
6.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 1, 2005
Sold by
Waxman Edward
Bought by
Nehmad Deborah and Dounolulis Konstantine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 29, 2003
Sold by
Beswick Edward
Bought by
Waxman Edward

Purchase Details

Closed on
Jun 26, 1998
Sold by
Waxman Edward and Carrozza June
Bought by
Waxman Edward and Beswick Edward

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
7.04%
Source: Public Records

Range of Values:

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.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

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.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Bandi Property Management Llc $335,000 Surety Title Company
Gieseler Philip -- The Title Co Of Jersey
Nehmad Deborah -- The Title Company Of Jersey
Nehmad Deborah -- The Title Company Of Jersey
Nehmad Deborah $500,000 --
Waxman Edward $45,000 --
Waxman Edward $45,000 --
Waxman Edward $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bandi Property Management Llc $268,000
Previous Owner Gieseler Philip $225,000
Previous Owner Nehmad Deborah $371,000
Previous Owner Nehmad Deborah $375,000
Previous Owner Waxman Edward $108,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/25/2019 06/25/19 Sold $335,000 -16.0% $262 / Sq Ft
04/26/2019 04/26/19 Pending -- -- --
04/11/2019 04/11/19 For Sale $399,000 -- $312 / 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 $12,648 $353,700 $221,000 $132,700
2024 $12,648 $353,700 $221,000 $132,700
2023 $11,817 $353,700 $221,000 $132,700
2022 $11,817 $353,700 $221,000 $132,700
2021 $11,640 $353,700 $221,000 $132,700
2020 $11,403 $353,700 $221,000 $132,700
2019 $11,081 $353,700 $221,000 $132,700
2018 $10,848 $353,700 $221,000 $132,700
2017 $10,459 $353,700 $221,000 $132,700
2016 $9,985 $353,700 $221,000 $132,700
2015 $9,882 $353,700 $221,000 $132,700
2014 $9,550 $353,700 $221,000 $132,700
Source: Public Records

Agents Affiliated with this Home

  • ELIZABETH NICHOLAS

    Seller's Agent in 2019

    ELIZABETH NICHOLAS

    BALSLEY/LOSCO

    (609) 464-0727

    7 in this area

    62 Total Sales

    ELIZABETH NICHOLAS
    Section Image

  • M

    Buyer's Agent in 2019

    Michael Burns

    BURNS PROPERTY GROUP, LLC

    (347) 231-2710

    13 Total Sales

    Michael Burns
    Section Image
See All Agents

Map

Source: South Jersey Shore Regional MLS

MLS Number: 520944

South Jersey Shore Regional MLS

APN: 21-02032-0000-00008

New Jersey Atlantic County Somers Point 08244

80 Mays Landing Rd, Somers Point, NJ

This home is located at 80 Mays Landing Rd, Somers Point, NJ 08244 since 11 April 2019 and is currently estimated at $759,593, approximately $593 per square foot. 80 Mays Landing 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

South Jersey Shore Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
© 2025 South Jersey Shore Regional Multiple Listing Service. All rights reserved.

Nearby Homes