NOT LISTED FOR SALE

1612 S Commonwealth Ave Strathmere, NJ 08248

Estimated Value: $917,602 - $2,768,000

3 Beds
1 Bath
1,000 Sq Ft
$1,474/Sq Ft Est. Value

Last Sold December 09, 2020

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

Est. 165% increase in value since last sale

Current estimated payment $9,050/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 $1,474,401, approximately $1,474 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
  • Second Address Number: 1612
  • Listing Office2: 392
  • Lot Size2: 50'x95'
  • Price per Sq Ft: 575
  • Selling Agent1: 3852
  • Selling Office1: 392
  • 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
$1,524,184

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
22.86%

Purchase Details

Closed on
Jun 27, 1980
Bought by
Rimato Umberto and Rimato Lillian
Source: Public Records

Range of Values:

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Average Value
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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

Mortgage History

Date Status Borrower Loan Amount
Open Mo Kev Limited Liability Compa $850,000
Previous Owner Mo Kev Limited Liability Compa $632,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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

    32 in this area

    49 Total Sales

    Section Image

  • B

    Seller Co-Listing Agent in 2020

    Bruce Riordan

    RIORDAN REAL ESTATE INC.

    (609) 827-0135

    28 in this area

    41 Total Sales

    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

This home is located at 1612 S Commonwealth Ave, Strathmere, NJ 08248 since 06 November 2020 and is currently estimated at $1,474,401, approximately $1,474 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Cape May County Association of REALTORS® Broker Reciprocity: The data relating to real estate for sale or rent on this web site comes in part from the Broker Reciprocity program of the Cape May County Multiple Listing Service. Real estate listings held by brokerage firms other than Ten-X are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. This information is deemed reliable but not guaranteed. Representations as subject to verification by inspection and subject to change without notice. Some properties which appear for sale or rent on this website may no longer be available because they are under contract, have sold, or are no longer being offered for sale or rent. Information is deemed to be accurate but not guaranteed.

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