NOT LISTED FOR SALE

Estimated Value: $589,000 - $754,000

4 Beds
2 Baths
1,294 Sq Ft
$502/Sq Ft Est. Value

Last Sold April 13, 2023

Last sale price $515,000 $398 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $3,772/month

139 Days on Market

Highlights

  • Property near a bay
  • 1 Car Detached Garage
  • Interior Lot
  • Island Location
  • Porch
  • Patio

About This Home

As of April 2023

Property disclosure and LBP Addendum in Associated Docs. Survey and flood elevation as well. Driveway is shared with a driveway easement.

Last Agent to Sell the Property

Barbara Hunt

CENTURY 21 ALLIANCE wc Listed on: 10/21/2022

CENTURY 21 ALLIANCE wc

Last Buyer's Agent

Lauren Nicole Fitzpatrick

MARCHESE REAL ESTATE LLC License #2186237

MARCHESE REAL ESTATE LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,499

Year Built

  • Built in 1930

Lot Details

  • Lot Dimensions are 30 x 100
  • Interior Lot

Home Design

  • Duplex

Interior Spaces

  • 1,294 Sq Ft Home
  • Blinds
  • Living Room
  • Dining Area
  • Crawl Space
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • 1 Car Detached Garage
  • Driveway

Outdoor Features

  • Outdoor Shower
  • Property near a bay
  • Patio
  • Porch

Location

  • Island Location

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Legal Lot and Block 34 / 54

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,499

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Type: Duplex
  • Location: Inside Lot, Island
  • District Township: 15-Wildwood Crest
  • Also Includes: Blinds
  • Estimated Year Built: 1930
  • Bay Proximity: 2 Blocks
  • Beach Proximity: 2 Blocks
  • New Construction: No
  • Second Address Number: 122
  • Lot Size2: 30 x 100
  • Selling Agent1: 6680
  • Selling Office1: 736
  • OFFICELIST_STATE: NJ
  • Street Designation: Road
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1930

Interior Features

  • Total Bathrooms: 2
  • Basement: Crawl Space
  • Total Sq Ft: 1294
  • Other Rooms: Living Room, Dining Area, Laundry/Utility Room

Exterior Features

  • Outside Features: Patio, Porch, Outside Shower

Garage/Parking

  • Parking: Garage, 1 Car, Detached, Concrete Driveway

Utilities

  • Cooling: Central Air
  • Heating: Gas Natural, Electric, Baseboard, Forced Air
  • Hot Water: Gas
  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 34
  • Lot Size: 1 to 6000 SqFt

Tax Info

  • Taxes: 3499.31
  • Tax Year: 2001

Multi Family

  • Number Of Units: 2
  • Total Rent: 800

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2022
Closed on
Apr 14, 2023
Sold by
Aarvig Edward E and Aarvig Margaret M
Bought by
Sowers Robert D and Reale Stephanie S
Seller's Agent
Barbara Hunt
CENTURY 21 ALLIANCE wc
Buyer's Agent
Lauren Nicole Fitzpatrick
MARCHESE REAL ESTATE LLC
List Price
$525,000
Sold Price
$515,000
Premium/Discount to List
-$10,000
-1.9%
Views
171
Current Estimated Value
$649,715

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$134,715
Avg. Annual Appreciation
9.82%
Original Mortgage
$463,500
Outstanding Balance
$450,968
Interest Rate
6.75%
Mortgage Type
New Conventional
Estimated Equity
$198,747

Purchase Details

Closed on
Jul 10, 2000

Purchase Details

Closed on
Sep 27, 1997
Sold by
Falso John
Bought by
Falso Sheryl and Aarvig Edward F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
7.47%

Purchase Details

Closed on
Apr 11, 1992
Sold by
Spencer Helen B
Bought by
Falso John C and Falso Sheryl L
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
Sowers Robert D $515,000 Foundation Title
Sowers Robert D $515,000 Foundation Title
-- -- --
Falso Sheryl $87,500 --
Falso John C $80,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sowers Robert D $463,500
Closed Sowers Robert D $463,500
Previous Owner Falso Sheryl $70,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/13/2023 04/13/23 Sold $515,000 -1.9% $398 / Sq Ft
03/09/2023 03/09/23 Pending -- -- --
02/27/2023 02/27/23 For Sale $525,000 0.0% $406 / Sq Ft
01/28/2023 01/28/23 Pending -- -- --
12/29/2022 12/29/22 Price Changed $525,000 -4.5% $406 / Sq Ft
10/21/2022 10/21/22 For Sale $549,900 -- $425 / 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 $3,766 $263,900 $194,400 $69,500
2024 $3,766 $263,900 $194,400 $69,500
2023 $3,710 $263,900 $194,400 $69,500
2022 $3,605 $263,900 $194,400 $69,500
2021 $3,499 $263,900 $194,400 $69,500
2020 $3,402 $263,900 $194,400 $69,500
2019 $3,375 $263,900 $194,400 $69,500
2018 $3,320 $263,900 $194,400 $69,500
2017 $3,254 $263,900 $194,400 $69,500
2016 $3,151 $263,900 $194,400 $69,500
2015 $3,103 $263,900 $194,400 $69,500
2014 $3,035 $263,900 $194,400 $69,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 223339

Cape May County Association of REALTORS®

APN: 15-00054-0000-00034