NOT LISTED FOR SALE

Estimated Value: $1,825,000

4 Beds
3 Baths
-- Sq Ft
5,489 Sq Ft Lot

Last Sold December 30, 2016

Last sale price $850,000

Est. 115% increase in value since last sale

Current estimated payment $10,572/month

133 Days on Market

Highlights

  • Water Views
  • Building is beachfront but unit may not have water views
  • Wood Flooring
  • Ocean City Primary School Rated A
  • Cathedral Ceiling
  • Furnished

About This Home

As of December 2016

ATTENTION ALL BUYERS.... PREMIERE SOUTH-END BEACH BLOCK LOCATION JUST THIRD POSITION FROM THE BEACH. THIS LOVELY HOME HAS GREAT OCEANVIEWS AND IS JUST A FEW STEPS TO THE OCEAN. BUILT IN 2005, THIS THREE LEVEL TOWNHOME FEATURES 4 BEDROOMS, 3.5 BATHS, FIREPLACE IN L/R, FIREPLACE IN MASTER SUITE, KITCHEN WITH GRANITE COUNTER TOPS & STAINLESS STEEL APPLIANCES, HARDWOOD FLOORS, INTERCOM/SECURITY SYSTEM, REAR VINYL FENCED YARD AND MUCH MORE! THE UNIT WAS CONSTRUCTED FOR FUTURE ELEVATOR INSTALLATION IN REAR. THE ENTIRE ELEVATOR SHAFT IS IN PLACE. JUST INSTALL THE ELEVATOR. THE 1ST FLOOR HAS A GARAGE, FOYER, AND BEAUTIFUL BRAND NEW FINISHED BONUS ROOM/FAMILY ROOM. THE 2ND FLOOR HAS A MASTER BEDROOM & BATH AND TWO ADDITIONAL BEDROOMS WITH FULL BATH. THE 3RD FLOOR HAS A LIV. ROOM, DINING AREA, KITCHEN, POWDER ROOM AND MINI MASTER SUITE WITH FULL BATH. FRONT DECKS HAVE GREAT VIEWS OF THE ATLANTIC OCEAN. UNIT IS IN IMPECCABLE CONDITION AND HAS BEEN RECENTLY UPDATED AS WELL. THIS UNIT HAS EXCELLENT RENTAL HISTORY & INCOME AND IS BEING SOLD FURNISHED AND TURN KEY....

Last Agent to Sell the Property

James W. Sofroney Jr.

KELLER WILLIAMS REALTY JERSEY SHORE - SIC Listed on: 07/20/2016

KELLER WILLIAMS REALTY JERSEY SHORE  - SIC

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,945

Year Built

  • Built in 2005

Lot Details

  • Building is beachfront but unit may not have water views
  • Fenced Yard

Interior Spaces

  • 3-Story Property
  • Furnished
  • Cathedral Ceiling
  • Fireplace
  • Blinds
  • Entrance Foyer
  • Living Room
  • Dining Area
  • Storage Room
  • Water Views

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 1 Car Attached Garage
  • Driveway

Pool

  • Outdoor Shower

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Gas Water Heater

Community Details

  • Community Deck or Porch

Listing and Financial Details

  • Legal Lot and Block 374 / 78.02

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,945

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Class: CONDO/TOWNHOUSE
  • Type: Townhouse
  • Location: Beach Block, Inside Lot, Water View
  • District Township: 09-Sea Isle City
  • Near: Beach
  • Also Includes: Shades, Blinds, Furniture
  • Estimated Year Built: 2005
  • Special Features: None
  • Property Sub Type: Townhouses
  • Year Built: 2005

Interior Features

  • Appliances Included: Range, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Disposal
  • Number Of Stories: Three
  • Total Bathrooms: 3.1
  • Full Bathrooms: 3
  • Bedrooms: 4
  • Other Rooms: Living Room, Kitchen, Dining Area, Storage Space

Garage/Parking

  • Parking: Garage, 1 Car, Attached, Concrete Driveway

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Multi-Zoned
  • Hot Water: Gas
  • Sewer: City
  • Water: City

Condo/Co-op/Association

  • Unit: West
  • Common Area Features: Deck/Porch, Fenced Yard, Storage Facilities, Outside Shower
  • Unit Features: Fireplace, Walk-In/Cedar Closet, Hardwood Floors, Wall To Wall Carpet, Cathedral Ceiling, Foyer
  • Unit Location: Water View

Lot Info

  • Lot Number: 374
  • Zoning: R-2

Tax Info

  • Taxes: > 4945

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2016
Closed on
Dec 30, 2016
Sold by
General Sales Real Estate Partners
Bought by
Pak Ho and Hill Lisa Zacchei
Seller's Agent
James W. Sofroney Jr.
KELLER WILLIAMS REALTY JERSEY SHORE - SIC
List Price
$939,999
Sold Price
$850,000
Premium/Discount to List
-$89,999
-9.57%
Current Estimated Value
$1,825,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$975,000
Avg. Annual Appreciation
9.42%
Original Mortgage
$550,000
Outstanding Balance
$458,235
Interest Rate
4.08%
Mortgage Type
New Conventional
Estimated Equity
$1,389,765

Purchase Details

Closed on
Jul 29, 2005

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$407,000
Interest Rate
5.54%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Pak Ho $850,000 Shore Title Agency Inc
-- -- --
General Sales Real Estate Partners $1,100,000 The Title Company Of Jersey
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pak Ho $550,000
Previous Owner General Sales Real Estate Partners $407,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2016 12/30/16 Sold $850,000 -9.6% --
11/30/2016 11/30/16 Pending -- -- --
07/20/2016 07/20/16 For Sale $939,999 -- --
Source: Cape May County Association of REALTORS®

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 $7,534 $842,700 $519,200 $323,500
2024 $7,534 $842,700 $519,200 $323,500
2023 $7,180 $842,700 $519,200 $323,500
2022 $6,750 $842,700 $519,200 $323,500
2021 $6,438 $842,700 $519,200 $323,500
2020 $6,185 $842,700 $519,200 $323,500
2019 $6,051 $842,700 $519,200 $323,500
2018 $5,983 $842,700 $519,200 $323,500
2017 $5,857 $842,700 $519,200 $323,500
2016 $5,663 $842,700 $519,200 $323,500
2015 $4,945 $839,500 $550,200 $289,300
2014 $4,903 $839,500 $550,200 $289,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 171398

Cape May County Association of REALTORS®

APN: 09-00078-02-00374-0000-C-W