NOT LISTED FOR SALE

Estimated Value: $494,836 - $608,000

8 Beds
5 Baths
-- Sq Ft
0.92 Acres

Last Sold January 10, 2022

Last sale price $360,000

Est. 53% increase in value since last sale

Current estimated payment $3,547/month

91 Days on Market

Highlights

  • Property near a bay
  • Enclosed patio or porch
  • Storage Room
  • Island Location
  • Living Room
  • Outdoor Storage

About This Home

As of January 2022

Unit A and C can be seen between 4PM-6PM. The other two units have been difficult to schedule, but will do best to get agents in to all units at scheduled showing time. Interior of units will 100% need updating when tenants vacate... all units and their components are functional with no issues, however.

Last Agent to Sell the Property

Kurt Feinstein

RE/MAX At The Shore Listed on: 07/30/2021

Last Buyer's Agent

Kurt Feinstein

RE/MAX At The Shore Listed on: 07/30/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,482

Lot Details

  • 0.92

Home Design

  • Quadruplex

Interior Spaces

  • Blinds
  • Living Room
  • Dining Area
  • Storage Room
  • Crawl Space

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Parking

  • 3 Parking Spaces
  • Driveway

Outdoor Features

  • Property near a bay
  • Enclosed patio or porch
  • Outdoor Storage

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating Available
  • Separate Meters
  • Electric Water Heater

Additional Features

  • Lot Dimensions are 40x100
  • Island Location

Community Details

  • 4 Units

Listing and Financial Details

  • Legal Lot and Block 17 / 95

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,482

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Type: Four-Plex
  • Location: Island
  • District Township: 14-Wildwood City
  • Also Includes: Shades, Blinds
  • Bay Proximity: 4 Blocks
  • Beach Proximity: 3 Blocks
  • New Construction: No
  • Second Address Number: 104
  • Lot Size2: 40x100
  • Selling Agent1: 1609
  • Selling Office1: 100
  • OFFICELIST_STATE: NJ
  • Street Designation: Avenue
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 5
  • Basement: Crawl Space
  • Other Rooms: Living Room, Kitchen, Dining Area, Storage Space

Exterior Features

  • Outside Features: Enclosed/Cov. Patio, Porch, Storage Building, Other (See Remarks)

Garage/Parking

  • Parking: 3 Car, Concrete Driveway

Utilities

  • Separate Meter: Electric
  • Cooling: Wall Air Conditioning
  • Heating: Electric
  • Hot Water: Electric
  • Sewer: City
  • Water: City
  • Cable Available: Income Expense Info

Lot Info

  • Lot Number: 17
  • Lot Size: 1 to 6000 SqFt

Tax Info

  • Taxes: 5482
  • Tax Year: 2020

Multi Family

  • Number Of Units: 4
  • Total Rent: 47340

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2021
Closed on
Jan 10, 2022
Sold by
Andreozzi Management Llc
Bought by
Azeroual Jason
Seller's Agent
Kurt Feinstein
RE/MAX At The Shore
Buyer's Agent
Kurt Feinstein
RE/MAX At The Shore
List Price
$399,900
Sold Price
$360,000
Premium/Discount to List
-$39,900
-9.98%
Current Estimated Value
$550,459

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$190,459
Avg. Annual Appreciation
12.85%
Original Mortgage
$288,000
Outstanding Balance
$268,124
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$283,540

Purchase Details

Closed on
Feb 22, 2016
Sold by
Andreozzi Jonathan
Bought by
Andreozzi Management Llc

Purchase Details

Closed on
Apr 2, 2008
Sold by
Deutsche Bank National Trust Co
Bought by
Andreozzi Jonathan

Purchase Details

Closed on
Apr 3, 2007
Sold by
Grussenmeyer Gregory J and Grussenmeyer Michelle
Bought by
Deutsche Bank National Trust Co

Purchase Details

Closed on
Oct 28, 2003
Sold by
Jc Properties Llc
Bought by
Grussenmeyer Gregory J and Grussenmeyer Michelle

Purchase Details

Closed on
Aug 18, 2000
Sold by
Ciocca Gabriel A
Bought by
Collins Gary M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,000
Interest Rate
8.13%
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
Azeroual Jason $360,000 Shore Title
Andreozzi Management Llc -- None Available
Andreozzi Jonathan $157,500 Interstate 1St Title Llc
Deutsche Bank National Trust Co $280,100 None Available
Grussenmeyer Gregory J $191,500 --
Jc Properties Llc $104,500 --
Collins Gary M $60,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Azeroual Jason $288,000
Closed Azeroual Jason $288,000
Previous Owner Grussenmeyer Gregory J $400,000
Previous Owner Grussenmeyer Gregory J $354,450
Previous Owner Grussenmeyer Gregory J $280,000
Previous Owner Grussenmeyer Gregory J $236,175
Previous Owner Collins Gary M $51,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2022 01/10/22 Sold $360,000 -10.0% --
10/29/2021 10/29/21 Pending -- -- --
07/30/2021 07/30/21 For Sale $399,900 -- --
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
2024 $5,972 $199,000 $97,000 $102,000
2023 $5,829 $199,000 $97,000 $102,000
2022 $5,636 $199,000 $97,000 $102,000
2021 $4,872 $199,000 $97,000 $102,000
2020 $5,964 $221,700 $97,000 $124,700
2019 $5,751 $221,700 $97,000 $124,700
2018 $5,540 $221,700 $97,000 $124,700
2017 $5,308 $221,700 $97,000 $124,700
2016 $5,152 $221,700 $97,000 $124,700
2015 $5,070 $221,700 $97,000 $124,700
2014 $5,010 $221,700 $97,000 $124,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 212801

Cape May County Association of REALTORS®

APN: 14-00095-0000-00017