NOT LISTED FOR SALE

1401 S Commonwealth Ave Strathmere, NJ 08248

Estimated Value: $1,952,000 - $2,337,511

2 Beds
2 Baths
1,326 Sq Ft
$1,602/Sq Ft Est. Value

Last Sold February 20, 2020

Last sale price $825,000 $622 Per Sq Ft

Est. 158% increase in value since last sale

Current estimated payment $12,929/month

63 Days on Market

Highlights

  • Beach Front
  • Deck
  • Cathedral Ceiling
  • Ocean City Primary School Rated A
  • Contemporary Architecture
  • Wall to Wall Carpet

About This Home

As of February 2020

This home is located at 1401 S Commonwealth Ave, Strathmere, NJ 08248 since 11 November 2019 and is currently estimated at $2,124,628, approximately $1,602 per square foot. This property was built in 1995. 1401 S 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.

Last Agent to Sell the Property

John A. McCann

C. A. McCANN & SONS License #8545402 Listed on: 11/11/2019

Last Buyer's Agent

Augustus Purdy

A LEWIS PURDY REAL ESTATE INC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,283

Year Built

  • Built in 1995

Lot Details

  • Lot Dimensions are 55 x 100
  • Beach Front

Parking

  • 3 Car Garage

Home Design

  • Contemporary Architecture
  • Vinyl Siding

Interior Spaces

  • 1,326 Sq Ft Home
  • Cathedral Ceiling
  • Wall to Wall Carpet
  • Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Deck

Utilities

  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Legal Lot and Block 5.02 / 801

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,283

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Beach Front
  • District Township: 11-Upper Township
  • Estimated Year Built: 1995
  • New Construction: No
  • Lot Size2: 55 x 100
  • OFFICELIST_STATE: NJ
  • Street Designation: Avenue
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1995

Interior Features

  • Appliances Included: Range, Refrigerator
  • Interior Amenities: Cathedral Ceilings, Wall to Wall Carpet
  • Total Bathrooms: 2.5
  • Full Bathrooms: 2
  • Bedrooms: 2
  • Total Rooms: 6
  • Estimated Living Sq Ft: 1326

Exterior Features

  • Construction: Contemporary
  • Exterior: Vinyl
  • Outside Features: Deck

Garage/Parking

  • Parking Garage: 3 Car

Utilities

  • Cooling: Other Air Conditioning
  • Heating: Gas Natural
  • Hot Water: Gas- Natural
  • Sewer: Septic
  • Water: City

Lot Info

  • Lot Number: 5.02
  • Lot Size: 1 to 6000 SqFt

Tax Info

  • Taxes: 17283.11
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2019
Closed on
Feb 20, 2020
Sold by
Barney Karen D
Bought by
Criniti James N and Criniti Lisa M
Seller's Agent
John A. McCann
C. A. McCANN & SONS
Buyer's Agent
Augustus Purdy
A LEWIS PURDY REAL ESTATE INC
List Price
$939,000
Sold Price
$825,000
Premium/Discount to List
-$114,000
-12.14%
Current Estimated Value
$2,124,628

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,299,628
Avg. Annual Appreciation
17.72%
Original Mortgage
$660,000
Outstanding Balance
$584,384
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$1,540,244

Purchase Details

Closed on
Aug 29, 1994
Sold by
Henry Wayne
Bought by
Barney John

Purchase Details

Closed on
Sep 30, 1993
Sold by
Pappas Miriam
Bought by
Henry Wayne P
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Criniti James N $825,000 First American Title
Barney John $110,000 --
Henry Wayne P $77,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Criniti James N $660,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/20/2020 02/20/20 Sold $825,000 -12.1% $622 / Sq Ft
01/13/2020 01/13/20 Pending -- -- --
11/11/2019 11/11/19 For Sale $939,000 -- $708 / 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 $21,430 $964,900 $810,000 $154,900
2024 $21,430 $964,900 $810,000 $154,900
2023 $20,350 $964,900 $810,000 $154,900
2022 $19,665 $964,900 $810,000 $154,900
2021 $18,941 $964,900 $810,000 $154,900
2020 $17,727 $964,900 $810,000 $154,900
2019 $17,283 $964,900 $810,000 $154,900
2018 $16,820 $964,900 $810,000 $154,900
2017 $16,627 $964,900 $810,000 $154,900
2016 $16,888 $964,900 $810,000 $154,900
2015 $16,924 $964,900 $810,000 $154,900
2014 $14,330 $1,000,000 $860,500 $139,500
Source: Public Records

Agents Affiliated with this Home

  • John A. McCann

    Seller's Agent in 2020

    John A. McCann

    C. A. McCANN & SONS

    (609) 408-8106

    7 in this area

    148 Total Sales

    John A. McCann
    Section Image
  • Augustus Purdy

    Buyer's Agent in 2020

    Augustus Purdy

    A LEWIS PURDY REAL ESTATE INC

    (609) 425-7545

    25 Total Sales

    Augustus Purdy
    Section Image
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Map

Source: Cape May County Association of REALTORS®

MLS Number: 190459

Cape May County Association of REALTORS®

APN: 11-00801-0000-00005-02

New Jersey Cape May County Strathmere 08248

1401 S Commonwealth Ave, Strathmere, NJ

Not Listed for Sale

Detached

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