5 Somerset Lane Ocean City, NJ 08226
Built 1954Residential
- Assessed
- $1,011,000
- Last sale
- $360,000Aug 7, 2020
- Built
- 1954
- Size
- 898 sq ft
- Owner
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- Status
- No open cases
Property information
- Block
- 3707
- Lot
- 2
- Qualifier
- —
- County
- Cape May
- Municipality
- Ocean City
- Tax map page
- 34
- Land description
- 80X90
Building details
- Building class
- 17
- Description
- 3S-F-AG
- Dwellings
- 1
- Zoning
- —
- Square feet
- 898
- Acreage
- 0.17 ac
Assessment
- Land value
- $254,400
- 25%
- Improvement value
- $756,600
- 75%
- Total assessment
- $1,011,000
- Sale assessment
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- Tax (2024)
- $11,343
Owner mailing
- Street address
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Property information on this site is compiled from public sources and is provided as-is; we do not guarantee its accuracy.
11 events · 1954–2021
Sales4Mortgages2Assignments and discharges1Notices of settlement3
- $360,000
Deed recorded
+20% vs 2019Per sq ft$401Held1.3 yrsSq ft898RecordedAug 21, 2020 - $300,000
Deed recorded
+36% vs 2014Per sq ft$334Held4.6 yrsSq ft898RecordedApr 18, 2019 - 5 years
- $221,000
Deed recorded
+211% vs 1983Per sq ft$246Held30.8 yrsSq ft898RecordedSep 4, 2014 - 31 years
- $71,000
Deed recorded
- 30 years
Property Built
35 years · 1989–2024
| Year | Property tax | Change | Land | Improvement | Assessment |
|---|---|---|---|---|---|
| 2024 | $11,343 | +4.8% | $254,400 | $756,600 | $1,011,000 |
| 2023 | $10,828 | +6.6% | $254,400 | $756,600 | $1,011,000 |
| 2022 | $10,161 | +226.9% | $254,400 | $756,600 | $1,011,000 |
| 2021 | $3,108 | +1.1% | $254,400 | — | $254,400 |
| 2020 | $3,073 | +0.9% | $254,400 | $63,400 | $317,800 |
| 2019 | $3,045 | +1.6% | $254,400 | $63,400 | $317,800 |
| 2018 | $2,997 | +4.0% | $254,400 | $63,400 | $317,800 |
| 2017 | $2,882 | +1.3% | $254,400 | $63,400 | $317,800 |
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