See Home Value
$495,657*
House - Off Market

749 1st Street

Somers Point, NJ 08244
bedrooms
6 Beds
bathrooms
5 Baths, 1 Half Bath
$405,000 - $493,000
Reference Base Price*
10.17%
Since Jan 1, 2022
National-US
Primary Model
Sold Mar 09, 2022
$435,000
$348,000 by Finance Of America Mortgage Ll
Mortgage Due Jan 01, 2052
Sold Feb 02, 2021
$203,000
$267,376 by Lendingone Llc
Mortgage Due Feb 01, 2022

About This Property

Do not miss this rare opportunity to own two homes on one lot. This unique offer includes fully renovated 4 bed, 3 and 1/2 bath home and separate  2 BD 1 Ba cottage in the rear of the property that accessible from alleyway with its own off street parking. Both houses have single family living feel.    Main house was gutted to the studs and loaded with best of everything- Recessed lighting, waterproof flooring throughout, every bathroom is a showcase.  The upgrades are too numerous to mention, including: new siding, windows, roof, HVAC, plumbing , electric. Spotless white kitchen with quartz countertops and all SS appliances.  Cottage is renovated as well and ready for its endless opportunities: rent it and pay your mortgage, use it as a guest house, or even sell it after condo conversion. All utilities are separate , including water meters.   Please note the size of the lot is 90x140 , it is worth to explore the possibly of land subdivision. Fantastic location- minutes to OC beaches and short walk to gourmet restaurants and bars, at the same time this neighborhood is lovely and quiet.  There is nothing else like it in area- do not miss the opportunity.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$616
HOA Dues
-
Year Built
1900

Price History

Date / Event Date Event Price
Mar 9, 2022 Sold to Heather Lynne Heard $435,000
Sold to Heather Lynne Heard
Dec 15, 2021 No longer available -
No longer available
Nov 19, 2021 Price Decreased $449,900
↓ $50K (10%)
Price Decreased
Sep 29, 2021 Relisted $499,900
Relisted
Sep 28, 2021 No longer available -
No longer available
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 12,602
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 900
  • Total Building Area: 2,058
  • Building Area: 2,058
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,058
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.289
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ADDITIONAL LOTS: OUTSIDE LIEN 2012

Ownership

  • Current Owner : HEARD HEATHER LYNNE
  • Previous Owner : SL US REALTY LLC
  • Owner Before Previous Owner: IT CORE SOLUTIONS LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Mainland Regional School District
  • Census Tract: 012802

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: TAX MAP 15
  • District: 21
  • Parcel: 21 01616-0000-00010
  • Block: 1616
  • Lot: 10
  • Municipality: SOMERS POINT
  • Latitude: 39.3137
  • Longitude: -74.5976

    Address

  • Full Address: 749 1st St
  • Address - House Number: 749
  • Address - Street Name: 1st
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Somers Point
  • Carrier Code: C007
  • 4-Digit Zip Code: 1850
  • Zip Code: 08244

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $10,093

    Appraisal Valuation

  • Standard Deviation: 0.121
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 86
  • Final Value: 432,982
  • High Value: 485,398
  • Low Value: 380,566

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $348,000
  • First Open Lien Mortgage Lender: FINANCE OF AMERICA MORTGAGE LL
  • First Open Lien Mortgage Recording Date: Mar 09, 2022
  • First Open Lien Mortgage Loan Amount: $348,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2052

    Market Valuation

  • Market Total Value: $302,100
  • Market Land Value: $70,400
  • Market Improvement Value: $231,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $302,100
  • Assessed Land Value: $70,400
  • Assessed Improvements Value: $231,700

    Sales

  • Current Sale Contract Date: Dec 29, 2021
  • Current Sale Recording Date: Mar 09, 2022
  • Current Sale Transaction ID: 11884932650
  • Current Sale Price: $435,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 10416
  • Previous Sale Recording Date: Feb 02, 2021
  • Previous Sale Contract Date: Jan 11, 2020
  • Previous Sale Amount: $203,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: FINANCE OF AMERICA MORTGAGE LL
  • First Mortgage Transaction Date: Mar 09, 2022
  • First Mortgage Loan Amount: $348,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: LENDINGONE LLC
  • Previous Mortgage Transaction Date: Feb 02, 2021
  • Previous Mortgage Loan Amount: $267,376
  • Previous Mortgage Term: 12
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Feb 01, 2022



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
1 Bath
-
$398,000 Feb 14, 2023
-
$624/mo
House
4 Beds
2 Baths
1,899 ft²
$232/ft²
$439,999 Nov 30, 2022
-
$621/mo
Condo
2 Beds
2.5 Baths
1,650 ft²
$230/ft²
$379,900 Jan 18, 2023
-
$557/mo
Commercial
Loft
-
-
$389,900 Mar 25, 2021
-
$1,491/mo

About Somers Point


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Nearby Rentals

Unit for rent at 18 Neptune Dr, Somers Point, NJ, 08244

$4,500 /mo

  • 4 Beds
  • 3.5 Baths
  • 2,700 ft²
18 Neptune Dr, Somers Point, NJ, 08244 Listing by DOREEN-DEE KRAEMER


Frequently Asked Questions

When was property at 749 1st Street built and last sold?
The property at 749 1st Street was built in 1900 and last sold on Dec 29, 2021 for $435,000.
How much is this home worth?
The estimated value of the home located at 749 1st Street is $454,399.
What are some comparable homes to 749 1st Street?
There are currently no comparable homes to 749 1st Street.

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