NOT LISTED FOR SALE

108 Commonwealth Ave Strathmere, NJ 08248

Estimated Value: $642,000 - $1,868,000

0.11 Acre
$12,149,266 Price per Acre
4,748 Sq Ft Lot

Last Sold May 06, 2016

Last sale price $270,000

Est. 390% increase in value since last sale

Current estimated payment $8,751/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 Listed By

Bruce Riordan

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

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,620

Year Built

  • 1941

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

Year Built

1941

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
  • Year Built (Public Record): 1941

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
Total Days on Market
292
Current Estimated Value
$1,324,270

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%

Range of Values:

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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 Change Sq Ft Price
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
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

    29 in this area

    43 Total Sales

    Bruce Riordan
    Section Image

  • B

    Seller Co-Listing Agent in 2016

    BRIAN W RIORDAN

    RIORDAN REAL ESTATE INC.

    (609) 263-3235

    32 in this area

    50 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

Homes for Sale in Strathmere, NJ

This home is located at 108 Commonwealth Ave, Strathmere, NJ 08248 since 19 June 2015 and is currently estimated at $1,324,270. This property was built in 1941. 108 Commonwealth Ave is a home located in Cape May County with nearby schools including Ocean City Primary School, Ocean City Intermediate School, and Ocean City High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Cape May County Association of REALTORS® Broker Reciprocity: The data relating to real estate for sale or rent on this web site comes in part from the Broker Reciprocity program of the Cape May County Multiple Listing Service. Real estate listings held by brokerage firms other than Ten-X are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. This information is deemed reliable but not guaranteed. Representations as subject to verification by inspection and subject to change without notice. Some properties which appear for sale or rent on this website may no longer be available because they are under contract, have sold, or are no longer being offered for sale or rent. Information is deemed to be accurate but not guaranteed.