NOT LISTED FOR SALE

108 Commonwealth Ave Strathmere, NJ 08248

Estimated Value: $794,000 - $2,262,000

0.11 Acre
$14,924,615 Price per Acre
4,748 Sq Ft Lot

Last Sold May 06, 2016

Last sale price $270,000

Est. 503% increase in value since last sale

Current estimated payment $9,931/month

292 Days on Market

Highlights

  • Water Views
  • Property is near a beach
  • Level Lot
  • Ocean City Primary School Rated A
  • Island Location

About This Lot

As of May 2016

Oversized corner lot in Strathmere's Northend or Point Area. Septic plans and approval on file for a 2 bedroom home. Rare opportunity to build a new home in Strathmere's exclusive Point Area.

Last Agent to Sell the Property

Bruce Riordan

RIORDAN REAL ESTATE INC. Listed on: 06/19/2015

Co-Listed By

BRIAN W RIORDAN

RIORDAN REAL ESTATE INC.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,620

Lot Details

  • Level Lot
  • Property is zoned RR

Outdoor Features

  • Property is near a beach
  • Property near a bay

Additional Features

  • Water Views
  • Island Location
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 4 / 854

Property Details

Property Type

Land

Est. Annual Taxes

$3,620

Lot Details

0

Listing Details

  • Class: LOTS/LAND
  • Type: Residential Vacant Lot
  • Location: Island, Water View
  • District Township: 11-Upper Township
  • Near: Beach
  • Bay Proximity: 1 Block
  • Beach Proximity: 1 Block
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Frontage: 56

Lot Info

  • Lot Number: 4
  • Lot Size: 56'x99'IR
  • Total Assessment: 206400
  • Zoning: RR
  • Lot Size Range: 1 to 6000 SqFt
  • Improvements: Paved Road, Curb, Sidewalk, Gas, Electric, Water, Cable TV
  • Topography: Level
  • Zoning: Residential

Tax Info

  • Taxes: 3620.26

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 25, 2022
Sold by
Mcilhenny Brian R and Mcilhenny Carol A
Bought by
Mcilhenny Brian R and Mcilhenny Carol A
Current Estimated Value
$1,626,783

Purchase Details

Closed on
Feb 15, 2013
Sold by
Mcilhenny Rita A
Bought by
Mcilhenny Brian R and Mcilhenny Carol A

Purchase Details

Closed on
May 8, 2001
Sold by
Mcilhenny William D
Bought by
Mcilnenny Brian R and Mcilhenny Carol A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
7.08%

Purchase Details

Closed on
Sep 17, 1993
Sold by
Maher Joseph E
Bought by
Mcilhenny Brian R and Mcilhenny Carol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
7.16%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Mcilhenny Brian R -- Fattorini James D
Mcilhenny Brian R -- None Available
Mcilnenny Brian R $124,000 --
Mcilhenny Brian R $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcilnenny Brian R $140,000
Previous Owner Mcilhenny Brian R $45,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/06/2016 05/06/16 Sold $270,000 -26.8% --
04/06/2016 04/06/16 Pending -- -- --
06/19/2015 06/19/15 For Sale $369,000 -- --
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 $16,486 $742,300 $331,400 $410,900
2024 $16,486 $742,300 $331,400 $410,900
2023 $15,655 $742,300 $331,400 $410,900
2022 $8,239 $419,700 $331,400 $88,300
2021 $8,239 $419,700 $331,400 $88,300
2020 $7,928 $419,700 $331,400 $88,300
2019 $7,735 $419,700 $331,400 $88,300
2018 $7,534 $419,700 $331,400 $88,300
2017 $7,450 $419,700 $331,400 $88,300
2016 $7,563 $419,700 $331,400 $88,300
2015 $7,362 $419,700 $331,400 $88,300
2014 $7,523 $525,000 $431,700 $93,300
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2016

    Bruce Riordan

    RIORDAN REAL ESTATE INC.

    (609) 827-0135

    27 in this area

    37 Total Sales

    Bruce Riordan
    Section Image

  • B

    Seller Co-Listing Agent in 2016

    BRIAN W RIORDAN

    RIORDAN REAL ESTATE INC.

    (609) 263-3235

    31 in this area

    44 Total Sales

    BRIAN W RIORDAN
    Section Image
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Map

Source: Cape May County Association of REALTORS®

MLS Number: 164719

Cape May County Association of REALTORS®

APN: 11-00844-0000-00002

New Jersey Cape May County Strathmere 08243

108 Commonwealth Ave, Strathmere, NJ

Not Listed for Sale

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