NOT LISTED FOR SALE

Estimated Value: $481,000 - $605,000

4 Beds
2 Baths
1,712 Sq Ft
$327/Sq Ft Est. Value

Last Sold February 28, 2018

Last sale price $200,000 $117 Per Sq Ft

Est. 180% increase in value since last sale

Current estimated payment $3,205/month

89 Days on Market

Highlights

  • Property near a bay
  • Deck
  • Main Floor Primary Bedroom
  • Island Location
  • Wood Flooring
  • Screened Porch

About This Home

As of February 2018

This Beach Bunglaow is a three season residence as there is a natural gas space heater in the dining room, great for Spring and Fall chilly days; this home is properly drained and winterized in the off-season as it is not insulated. With lots of charm and personality, this home is being sold As is and some furniture may be included. Appliances will stay with the house, also in As is condition. Buyers may have a home inspection for informational purposes. The rear entrance takes you to a nice open rear deck, brick patio area, fenced in yard...perfect for sunning, play, barbecues and entertaining guests. The large storage building is handy for a workshop, bicycles, beach gear and fishing equipment. At this location, you are just a short stroll to the Bay, fishing and crabbing areas, watersports and marinas. There is also a side driveway with off-street parking plus a cool bonus is that the vinyl gate to the rear yard reveals a spot for a boat! Maintenance of the grounds is easy as the front and rear areas are stone, the front porch has a mulched shrub area and there are some coastal accents in the rear landscaping. This home has not been a summer rental property, it has been cared for, maintained and enjoyed as a personal family beach place "Down the Shore". NJ Property Condition Disclosure Statement is available. This is definitely one of those seashore cottages with super curb appeal that when you see it you will say "Honey, Stop the Car".

Last Agent to Sell the Property

Kristen Hamann

COASTAL ELITE REALTY Listed on: 07/30/2017

Co-Listed By

Christine Shafer

COASTAL ELITE REALTY License #8646442

Last Buyer's Agent

Genevieve Hughes, CRS, SRS

Cape May County Real Estate Brokers LLC - CH

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,400

Lot Details

  • Lot Dimensions are 30 x 100
  • Seasonal Access to Property
  • Fenced Yard
  • Interior Lot
  • Cleared Lot

Parking

  • 1 Car Garage

Home Design

  • Cottage
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Partially Furnished
  • Drapes & Rods
  • Blinds
  • Living Room
  • Dining Room
  • Screened Porch
  • Storage
  • Crawl Space
  • Fire and Smoke Detector
  • Range

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Property near a bay
  • Deck

Location

  • Island Location

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 12 / 171

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,400

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Seasonal: Seasonal use only
  • Location: Cleared Lot, Inside Lot, Island, See Remarks
  • District Township: 07-North Wildwood City
  • Near: Canal
  • Also Includes: Curtains, Blinds, Partial Furniture
  • Bay Proximity: 1 Block
  • Beach Proximity: 4 Blocks
  • New Construction: No
  • Listing Office2: 508
  • Lot Size2: 30 X 100
  • OFFICELIST_STATE: NJ
  • Street Designation: Avenue
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances Included: Range, Refrigerator, Washer, Dryer, Smoke/Fire Detector
  • Interior Amenities: Wood Flooring, Smoke/Fire Alarm, Storage, Wall to Wall Carpet
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 4
  • Total Rooms: 9
  • Basement: Crawl Space
  • Other Rooms: Living Room, Dining Room, Kitchen, Laundry/Utility Room, See Remarks, 1st Floor Primary Bedroom

Exterior Features

  • Construction: Two Story, Cottage, See Remarks
  • Exterior: Vinyl, Wood
  • Frontage: 30
  • Outside Features: Deck, Screened Porch, Fenced Yard, Cable TV, Outside Shower

Garage/Parking

  • Parking Garage: 1 Car, See Remarks

Utilities

  • Cooling: Window Air Conditioning
  • Heating: Gas Natural, Space/Wall/Floor
  • Hot Water: Gas- Natural
  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 12
  • Lot Size: 1 to 6000 SqFt
  • Zoning: Res

Tax Info

  • Taxes: 2400
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2017
Closed on
Feb 20, 2018
Sold by
Downes Charles E and Downes Patricia N
Bought by
Castiglione Anthony
Seller's Agent
Kristen Hamann
COASTAL ELITE REALTY
Buyer's Agent
Genevieve Hughes, CRS, SRS
Cape May County Real Estate Brokers LLC - CH
List Price
$224,500
Sold Price
$200,000
Premium/Discount to List
-$24,500
-10.91%
Current Estimated Value
$560,415

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$360,415
Avg. Annual Appreciation
14.38%
Original Mortgage
$160,000
Outstanding Balance
$136,046
Interest Rate
4.15%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$424,369

Purchase Details

Closed on
Jul 20, 2015
Sold by
Downes Margaret B
Bought by
Downes Charles E and Downes Patricia N

Purchase Details

Closed on
May 19, 2014
Sold by
Downes Margaret B and Downes Charles E
Bought by
Downes Margaret B and Downes Charles E

Purchase Details

Closed on
Jan 18, 1982
Bought by
Downes Margaret B
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
Castiglione Anthony $200,000 --
Downes Charles E -- Attorney
Downes Margaret B -- None Available
Downes Margaret B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Castiglione Anthony $160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2018 02/28/18 Sold $200,000 -10.9% $117 / Sq Ft
01/29/2018 01/29/18 Pending -- -- --
07/30/2017 07/30/17 For Sale $224,500 -- $131 / Sq Ft
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 $3,088 $199,000 $120,000 $79,000
2024 $3,088 $199,000 $120,000 $79,000
2023 $3,023 $199,000 $120,000 $79,000
2022 $2,901 $199,000 $120,000 $79,000
2021 $2,066 $199,000 $120,000 $79,000
2020 $2,688 $199,000 $120,000 $79,000
2019 $2,599 $199,000 $120,000 $79,000
2018 $2,500 $197,000 $120,000 $77,000
2017 $2,447 $197,000 $120,000 $77,000
2016 $2,399 $197,000 $120,000 $77,000
2015 $2,495 $221,200 $150,000 $71,200
2014 $2,435 $221,200 $150,000 $71,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 177481

Cape May County Association of REALTORS®

APN: 07-00171-0000-00012