NOT LISTED FOR SALE

1612 S Commonwealth Ave Strathmere, NJ 08248

Estimated Value: $841,709 - $3,274,000

3 Beds
1 Bath
1,000 Sq Ft
$1,596/Sq Ft Est. Value

Last Sold December 09, 2020

Last sale price $575,000 $575 Per Sq Ft

Est. 178% increase in value since last sale

Current estimated payment $9,114/month

5 Days on Market

Highlights

  • Water Views
  • Island Location
  • Ranch Style House
  • Ocean City Primary School Rated A
  • Deck
  • Wood Flooring

About This Home

As of December 2020

This home is located at 1612 S Commonwealth Ave, Strathmere, NJ 08248 since 06 November 2020 and is currently estimated at $1,595,677, approximately $1,595 per square foot. 1612 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

BRIAN W RIORDAN

RIORDAN REAL ESTATE INC. Listed on: 11/06/2020

Co-Listed By

Bruce Riordan

RIORDAN REAL ESTATE INC.

Last Buyer's Agent

BRIAN W RIORDAN

RIORDAN REAL ESTATE INC. Listed on: 11/06/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,609

Lot Details

  • Lot Dimensions are 50'x95'
  • Property is zoned RR

Home Design

  • Ranch Style House
  • Vinyl Siding

Interior Spaces

  • 1,000 Sq Ft Home
  • Water Views
  • Crawl Space
  • Storage In Attic
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Stove

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Garage
  • Parking Pad
  • Driveway

Outdoor Features

  • Outdoor Shower
  • Deck

Location

  • Island Location

Utilities

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

Listing and Financial Details

  • Legal Lot and Block 794 / 1

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,609

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Island, Water View
  • District Township: 11-Upper Township
  • Near: Beach
  • New Construction: No
  • Listing Office2: 392
  • Lot Size2: 50'x95'
  • OFFICELIST_STATE: NJ
  • Street Designation: Avenue
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances Included: Refrigerator, Washer, Dryer, Smoke/Fire Detector, Stove Natural Gas
  • Interior Amenities: Wood Flooring, Tile Flooring
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Bedrooms: 3
  • Total Rooms: 5
  • Basement: Crawl Space
  • Estimated Living Sq Ft: 1000
  • Other Rooms: Eat-In-Kitchen, Storage Attic

Exterior Features

  • Construction: Ranch
  • Exterior: Vinyl
  • Frontage: 50
  • Outside Features: Deck, Outside Shower

Garage/Parking

  • Parking Garage: Parking Pad, 2 Car, Concrete Driveway

Utilities

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

Lot Info

  • Lot Number: 794
  • Lot Size: 1 to 6000 SqFt
  • Total Assessment: 402800
  • Zoning: RR

Tax Info

  • Taxes: 7609
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 23, 2022
Sold by
Rimato Umberto
Bought by
Mo Kev Llc
Current Estimated Value
$1,595,677

Purchase Details

Listed on
Nov 6, 2020
Closed on
Dec 9, 2020
Sold by
Rimato Umberto Est
Bought by
Mo Kev Llc
Seller's Agent
BRIAN W RIORDAN
RIORDAN REAL ESTATE INC.
Buyer's Agent
BRIAN W RIORDAN
RIORDAN REAL ESTATE INC.
List Price
$674,995
Sold Price
$575,000
Premium/Discount to List
-$99,995
-14.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.70%

Purchase Details

Closed on
Jun 27, 1980
Bought by
Rimato Umberto and Rimato Lillian
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
Mo Kev Llc -- --
Mo Kev Llc $575,000 Misc Company
Rimato Umberto $55,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/09/2020 12/09/20 Sold $575,000 -14.8% $575 / Sq Ft
11/11/2020 11/11/20 Pending -- -- --
11/06/2020 11/06/20 For Sale $674,995 -- $675 / 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 $8,946 $402,800 $346,000 $56,800
2024 $8,946 $402,800 $346,000 $56,800
2023 $8,495 $402,800 $346,000 $56,800
2022 $8,209 $402,800 $346,000 $56,800
2021 $5,705 $402,800 $346,000 $56,800
2020 $7,609 $402,800 $346,000 $56,800
2019 $7,424 $402,800 $346,000 $56,800
2018 $7,230 $402,800 $346,000 $56,800
2017 $7,150 $402,800 $346,000 $56,800
2016 $7,258 $402,800 $346,000 $56,800
2015 $7,065 $402,800 $346,000 $56,800
2014 $8,558 $597,200 $523,300 $73,900
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2020

    BRIAN W RIORDAN

    RIORDAN REAL ESTATE INC.

    (609) 263-3235

    31 in this area

    44 Total Sales

    BRIAN W RIORDAN
    Section Image

  • B

    Seller Co-Listing Agent in 2020

    Bruce Riordan

    RIORDAN REAL ESTATE INC.

    (609) 827-0135

    27 in this area

    37 Total Sales

    Bruce Riordan
    Section Image
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Map

Source: Cape May County Association of REALTORS®

MLS Number: 204337

Cape May County Association of REALTORS®

APN: 11-00794-0000-00001

New Jersey Cape May County Strathmere 08248

1612 S Commonwealth Ave, Strathmere, NJ

Not Listed for Sale

Detached

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