NOT LISTED FOR SALE

Estimated Value: $699,000 - $716,000

6 Beds
3 Baths
2,361 Sq Ft
$299/Sq Ft Est. Value

Last Sold June 18, 2018

Last sale price $85,000 $36 Per Sq Ft

Est. 732% increase in value since last sale

Current estimated payment $4,158/month

103 Days on Market

About This Home

As of June 2018

Per the city of Wildwood code enforcement the apartment in the rear building must be converted back to a garage/storage or apply for a zoning variance. The rear building is only approved for one apartment. The approved apartment needs rehab work. BANK OWNED !! Seller is unaware of the condition of the Property. Seller or Seller's Agent makes no warranties, expressed or implied as to the condition of the property. It is the intent of the Seller to sell the property in its " as is " present condition. Seller shall not provide a survey, property condition report, homeowners warranty or Certification of Occupancy. Buyer should satisfy all questions and concerns with personal inspection and research. Pre-qualification letter or proof of funds should accompany all offers. Seller's addendum will be supplied after offer acceptance and prior to full execution of contracts

Last Agent to Sell the Property

Michael Bailey

COASTAL ELITE REALTY Listed on: 01/24/2018

COASTAL ELITE REALTY

Co-Listed By

John Davis

COASTAL ELITE REALTY

Last Buyer's Agent

John Davis

COASTAL ELITE REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,430

Lot Details

  • 0.92

Home Design

  • Duplex

Interior Spaces

  • 2,361 Sq Ft Home
  • Living Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Additional Features

  • Lot Dimensions are 40 x 100
  • Island Location

Community Details

  • 2 Units

Listing and Financial Details

  • Legal Lot and Block 13.02 / 126

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,430

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Type: Duplex
  • Location: Island
  • District Township: 14-Wildwood City
  • New Construction: No
  • Second Address Number: 113
  • Listing Office2: 508
  • Lot Size2: 40 x 100
  • Selling Agent1: 1354
  • Selling Agent2: 3298
  • Selling Office1: 508
  • Selling Office2: 508
  • OFFICELIST_STATE: NJ
  • Street Designation: Avenue
  • Special Features: RealEstateOwned
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 3
  • Total Sq Ft: 2361
  • Other Rooms: Living Room, Kitchen

Utilities

  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 13.02
  • Lot Size: 1 to 6000 SqFt

Tax Info

  • Taxes: 4429.54

Multi Family

  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 28, 2024
Sold by
Sunquest Property Services Llc
Bought by
Queen Equities Llc
Current Estimated Value
$706,787

Purchase Details

Closed on
Jan 15, 2021
Sold by
Sunquest Prop Svcs Llc
Bought by
Filipowicz Kenton C and Filipowicz Gwendolyn C

Purchase Details

Listed on
Jan 24, 2018
Closed on
May 15, 2018
Sold by
Wilmington Svgs Fund Soc
Bought by
Sunquest Property Svcs
Seller's Agent
Michael Bailey
COASTAL ELITE REALTY
Buyer's Agent
John Davis
COASTAL ELITE REALTY
List Price
$119,000
Sold Price
$85,000
Premium/Discount to List
-$34,000
-28.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
34.04%

Purchase Details

Closed on
Nov 28, 2017
Sold by
Pelayo George R and Pelayo Cheryl A
Bought by
Wilmington Trust National Association

Purchase Details

Closed on
Aug 18, 2006
Sold by
Halas Jerry
Bought by
Pelayo George and Pelayo Cheryl A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,000
Interest Rate
6.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 24, 2006
Sold by
Demarzo Gary and Demarzo Brandy
Bought by
Halas Jerry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
8.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 27, 2005
Sold by
Halstead John E and Halstead Robin
Bought by
Demarzo Gary and Demarzo Brandy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 29, 2003
Sold by
Bross Leonard C
Bought by
Halstead Robin and Halstead John E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
6.35%

Purchase Details

Closed on
Aug 1, 2003
Sold by
Rivera Avelino A
Bought by
Bross Lenard C and Bross Pamela A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
6.35%
Source: Public Records

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
Queen Equities Llc -- None Listed On Document
Queen Equities Llc -- None Listed On Document
Filipowicz Kenton C $225,000 Misc Company
Sunquest Property Svcs $85,000 --
Sunquest Property Svcs $85,000 --
Wilmington Trust National Association $346,771 None Available
Pelayo George $310,000 Mutual Title Agency
Halas Jerry $240,000 Congress Title
Demarzo Gary $170,000 The Title Company Of Jersey
Halstead Robin $120,000 --
Bross Lenard C $70,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sunquest Prop Svcs Llc $292,500
Previous Owner Sunquest Prop Svc S Llc $170,500
Previous Owner Pelayo George $279,000
Previous Owner Halas Jerry $180,000
Previous Owner Demarzo Gary $170,000
Previous Owner Halstead Robin $108,000
Previous Owner Bross Lenard C $35,000
Closed Sunquest Property Svcs $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2018 06/18/18 Sold $85,000 -28.6% $36 / Sq Ft
05/19/2018 05/19/18 Pending -- -- --
01/24/2018 01/24/18 For Sale $119,000 -- $50 / 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 $4,048 $134,900 $60,000 $74,900
2024 $4,048 $134,900 $60,000 $74,900
2023 $3,951 $134,900 $60,000 $74,900
2022 $3,820 $134,900 $60,000 $74,900
2021 $3,788 $134,900 $60,000 $74,900
2020 $3,788 $190,600 $80,000 $110,600
2019 $4,944 $190,600 $80,000 $110,600
2018 $4,685 $190,600 $80,000 $110,600
2017 $4,650 $190,600 $80,000 $110,600
2016 $4,430 $190,600 $80,000 $110,600
2015 $4,359 $190,600 $80,000 $110,600
2014 $4,308 $190,600 $80,000 $110,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 179990

Cape May County Association of REALTORS®

APN: 14-00126-0000-00013-02