NOT LISTED FOR SALE

9 Crestmont Dr Somers Point, NJ 08244

Estimated Value: $417,000 - $460,000

-- Bed
-- Bath
-- Sq Ft
9,017 Sq Ft Lot

Last Sold October 31, 2022

Last sale price $340,000

Est. 26% increase in value since last sale

Current estimated payment $2,937/month

128 Days on Market

Highlights

  • Deck
  • Patio
  • Forced Air Heating and Cooling System
  • Mainland Regional High School Rated A-
  • Shed

About This Home

As of October 2022

Very well-maintained Duplex in Somers Point. Both up and down are rented with long term "Excellent" tenants. Great opportunity for an Investor or for First time buyer to live in one unit and keep a tenant in the other unit to help pay the mortgage. Unit A, downstairs is 3 BR, 2 BA unit. Unit B, upstairs is a 2 BR, 1 BA unit. Gas Heat, Central Air for both. Tenants pay electric, gas. LL pays water/sewer and lawn mowing. Tenants take care of their own snow removal. Sheds are shared by owner and tenants. Property professionally managed. Perfect opportunity to get your hands on a wonderful investment property. Call LA for financial details. Showings require 24 HR Notice and LA to accompany if tenants cannot be there. Interior pictures are of vacant units but no physical changes were made from pics shown. Tenants do not want their personal property in pictures. No Virtual tour or taking video's or pictures of inside of property. As agent for info disclosed in Agent Remarks.

Last Agent to Sell the Property

Debra Lafferty

COLLINI REAL ESTATE, LLC Listed on: 04/05/2022

Last Buyer's Agent

Tim McLaughlin

MONIHAN REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,103

Year Built

  • Built in 1966

Lot Details

  • Lot Dimensions are 77x125

Parking

  • 3 Parking Spaces

Home Design

  • Duplex

Interior Spaces

  • Insulated Windows
  • Crawl Space
  • Storm Screens

Kitchen

  • Stove
  • Microwave
  • Dishwasher

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio
  • Shed

Utilities

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

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,103

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Duplex
  • Year Built: 1966
  • Age: 25+ Years
  • Allow Comsumer Comment: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Washer
  • Basement: Crawl Space

Exterior Features

  • Outside Features: Curbs, Deck, Patio, Shed, Sidewalks
  • Storm Screens: Insulated Glass, Screens

Garage/Parking

  • Driveway: Concrete
  • Parking Exterior: Three Or More Cars

Utilities

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

Lot Info

  • Lot Dimensions: 77x125

Rental Info

  • Rental Information: 100 Percent Occupancy, Yearly

Multi Family

  • Number Of Units: 2
  • Number Of2 Bedroom Units: 1
  • Number Of3 Bedroom Units: 1
  • Separate Meters: Cable Tv, Electric, Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2022
Closed on
Oct 19, 2022
Sold by
Andrea Defeo Revocable Trust
Bought by
Mclaughlin Timothy and Mclaughlin Kathleen
Seller's Agent
Debra Lafferty
COLLINI REAL ESTATE, LLC
Buyer's Agent
Tim McLaughlin
MONIHAN REALTY
List Price
$355,900
Sold Price
$340,000
Premium/Discount to List
-$15,900
-4.47%
Views
37
Current Estimated Value
$428,383

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,383
Avg. Annual Appreciation
7.79%
Original Mortgage
$255,000
Outstanding Balance
$246,821
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$181,562

Purchase Details

Closed on
Oct 1, 2021
Sold by
Defeo Andrea and De Feo Andre
Bought by
Andrea De Feo Revocable Trust

Purchase Details

Closed on
May 13, 1985
Bought by
Defeo Andre
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
Mclaughlin Timothy $340,000 The Title Company
Andrea De Feo Revocable Trust -- None Listed On Document
Defeo Andre $86,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mclaughlin Timothy $255,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2022 10/31/22 Sold $340,000 -4.5% --
08/11/2022 08/11/22 Pending -- -- --
04/05/2022 04/05/22 For Sale $355,900 0.0% --
08/25/2014 08/25/14 Rented -- -- --
08/25/2014 08/25/14 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 $8,103 $226,600 $103,100 $123,500
2024 $8,103 $226,600 $103,100 $123,500
2023 $7,571 $226,600 $103,100 $123,500
2022 $7,571 $226,600 $103,100 $123,500
2021 $7,457 $226,600 $103,100 $123,500
2020 $7,306 $226,600 $103,100 $123,500
2019 $7,099 $226,600 $103,100 $123,500
2018 $6,950 $226,600 $103,100 $123,500
2017 $6,701 $226,600 $103,100 $123,500
2016 $6,397 $226,600 $103,100 $123,500
2015 $6,331 $226,600 $103,100 $123,500
2014 $6,118 $226,600 $103,100 $123,500
Source: Public Records

Agents Affiliated with this Home

  • Debra Lafferty

    Seller's Agent in 2022

    Debra Lafferty

    COLLINI REAL ESTATE, LLC

    (609) 287-4874

    1 in this area

    110 Total Sales

    Debra Lafferty
    Section Image
  • Tim McLaughlin

    Buyer's Agent in 2022

    Tim McLaughlin

    MONIHAN REALTY

    (609) 576-0002

    3 in this area

    59 Total Sales

    Tim McLaughlin
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 561408

South Jersey Shore Regional MLS

APN: 21-00521-0000-00005

New Jersey Atlantic County Somers Point 08244

9 Crestmont Dr, Somers Point, NJ

Not Listed for Sale

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