NOT LISTED FOR SALE

118 E Palm Rd Wildwood Crest, NJ 08260

The Wildwoods Neighborhood

Estimated Value: $781,000 - $1,144,000

1.04 Acres
$911,688 Price per Acre
45,302 Sq Ft Lot

Last Sold July 14, 2020

Last sale price $305,000

Est. 211% increase in value since last sale

Current estimated payment $5,583/month

362 Days on Market

Highlights

  • Property near a bay
  • Interior Lot
  • 4-minute walk to Coleman Callahan Veterans Park
  • Island Location

About This Lot

As of July 2020

This home is located at 118 E Palm Rd, Wildwood Crest, NJ 08260 since 16 November 2018 and is currently estimated at $948,156. 118 E Palm Rd is a home located in Cape May County with nearby schools including Crest Memorial School, Wildwood Catholic Academy, and Wildwood Catholic High School.

Last Agent to Sell the Property

Marguerite Byron-Alosi

HOFFMAN AGENCY Listed on: 11/16/2018

Last Buyer's Agent

Marguerite Byron-Alosi

HOFFMAN AGENCY Listed on: 11/16/2018

Property Details

Property Type

  • Land

Lot Details

  • Lot Dimensions are 45 x 100
  • Interior Lot
  • Cleared Lot

Additional Features

  • Property near a bay
  • Island Location

Listing and Financial Details

  • Legal Lot and Block 30 / 60

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Class: LOTS/LAND
  • Type: Residential Vacant Lot
  • Location: Inside Lot, Island
  • District Township: 15-Wildwood Crest
  • Bay Proximity: 2 Blocks
  • Beach Proximity: 3 Blocks
  • Lot Size2: 45 X 100
  • OFFICELIST_STATE: NJ
  • Street Designation: Road
  • Special Features: None
  • Property Sub Type: LotsLands

Lot Info

  • Lot Number: 30
  • Lot Size: 1/2 Acre to 1 Acre
  • Zoning: Single
  • Topography: Cleared
  • Zoning: Residential

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 16, 2018
Closed on
Jul 13, 2020
Sold by
Ec Pro Build Llc
Bought by
Cuningham Michael P and Cuningham Sharon
Seller's Agent
Marguerite Byron-Alosi
HOFFMAN AGENCY
Buyer's Agent
Marguerite Byron-Alosi
HOFFMAN AGENCY
List Price
$320,000
Sold Price
$305,000
Premium/Discount to List
-$15,000
-4.69%
Current Estimated Value
$948,156

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$643,156
Avg. Annual Appreciation
23.37%
Original Mortgage
$400,000
Outstanding Balance
$355,352
Interest Rate
3.2%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$592,804
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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
Cuningham Michael P $500,000 Surety Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cuningham Michael P $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/14/2020 07/14/20 Sold $305,000 +1.7% --
02/12/2019 02/12/19 Price Changed $299,900 0.0% --
02/12/2019 02/12/19 Price Changed $300,000 -6.3% --
11/16/2018 11/16/18 For Sale $320,000 -- --
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 $7,135 $500,000 $270,000 $230,000
2024 $7,135 $500,000 $270,000 $230,000
2023 $7,030 $500,000 $270,000 $230,000
2022 $6,830 $500,000 $270,000 $230,000
2021 $6,630 $500,000 $270,000 $230,000
2020 $3,480 $270,000 $270,000 $0
2019 $3,453 $270,000 $270,000 $0
2018 $6,017 $478,300 $367,200 $111,100
2017 $5,897 $478,300 $367,200 $111,100
2016 $5,711 $478,300 $367,200 $111,100
2015 $5,625 $478,300 $367,200 $111,100
2014 $5,500 $478,300 $367,200 $111,100
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    Marguerite Byron-Alosi

    HOFFMAN AGENCY

    (609) 425-0964

    66 in this area

    70 Total Sales

    Marguerite Byron-Alosi
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Map

Source: Cape May County Association of REALTORS®

MLS Number: 185062

Cape May County Association of REALTORS®

APN: 15-00060-0000-00030

New Jersey Cape May County Wildwood Crest 08260 The Wildwoods

118 E Palm Rd, Wildwood Crest, NJ

Not Listed for Sale

Lots

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