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Key Details
Sold Price $439,000
Property Type Single Family Home
Sub Type Single Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 579594
Sold Date 03/08/24
Style Bungalow
Bedrooms 3
Full Baths 1
Year Built 1928
Annual Tax Amount $5,449
Tax Year 2022
Property Description
The "Point House" a 1920's Craftsman Sears Home that was beautifully constructed and updated within the past 5 years. This home is a phenomenal Air B n B investment property running a 10% cap rate at $450,000. The Point House offers 2 Bedroom and 1 full bath with a 2nd floor loft. Original heart pine floors, central air, custom kitchen with walnut built-ins, full bathroom with timeless white subway tile. This home sleeps 10 and generated close to $50,000 in 2023 with air b n b rentals. The detached garage "Zen Den" is the perfect escape off of the massive fenced in back yard. Do not sleep on this home, properties like this do not become available often.
Location
State NJ
County Atlantic
Community Somers Point
Area Somers Point City
Location Details Corner
Rooms
Other Rooms Dining Area, Laundry/Utility Room, Storage Attic
Basement Inside Entrance, Outside Entrance, Unfinished
Interior
Interior Features Carbon Monoxide Detector, Kitchen Center Island, Storage, Smoke/Fire Alarm
Heating Forced Air, Gas-Natural
Flooring Hardwood
Fireplaces Type Free Standing, Gas Log
Exterior
Exterior Feature Vinyl
Parking Features Detached Garage, Two Car
Building
Sewer Public Sewer
Water Public
Others
Senior Community No
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