NOT LISTED FOR SALE

2 Fernwood Rd Cape May, NJ 08204

Estimated Value: $796,675 - $1,059,000

3 Beds
1 Bath
1,776 Sq Ft
$544/Sq Ft Est. Value

Last Sold May 28, 2015

Last sale price $380,000 $214 Per Sq Ft

Est. 149% increase in value since last sale

Current estimated payment $5,830/month

27 Days on Market

Highlights

  • Water Views
  • Deck
  • Cathedral Ceiling
  • Building is beachfront but unit may not have water views
  • Contemporary Architecture
  • Loft

About This Home

As of May 2015

Come with me to a place by the sea....this two story three or four bedroom, 1.5 bath contemporary home with full basement and very nice bay views from multiple rooms is waiting for you to write your own story of what bayside living should be like. This home has different rooms that could be used for a multitude of different proposes so let your imagination roam. The first level has a bay view front deck, open living room, dining room and kitchen. Down the hall you will find the full bath, two bedrooms and the hall to the side entrance and basement. The second floor has a bay facing loft with a mock fireplace, all-purpose transition room to a large sun room filled with light and bay views. This room is currently being used as the master bedroom. The full basement has a bedroom, bar, half bath, workshop with doors to the outside, large storage room and closets. A few of the rooms have a split system for air-conditioning and some window ac. Most of the home is heated by baseboard heat and some rooms are heated by gravity from the room below and the open nature of the first floor to the second floor. Front deck, side deck, rear patio, shed and driveway round out a home loaded with potential. Now is the time to find your place along the Delaware Bays new gold coast at an affordable price. Showing by appointment only. The Fema maps show that this home is not in a flood zone.

Last Agent to Sell the Property

Carol Menz

COASTLINE REALTY, LLC Listed on: 04/01/2015

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,953

Year Built

  • Built in 1975

Lot Details

  • Building is beachfront but unit may not have water views
  • Fenced Yard
  • Interior Lot
  • Cleared Lot

Home Design

  • Contemporary Architecture
  • Vinyl Siding

Interior Spaces

  • 1,776 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • Great Room
  • Den
  • Loft
  • Workshop
  • Storage
  • Wall to Wall Carpet
  • Water Views

Kitchen

  • Oven
  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Heated Basement
  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Parking

  • 1.5 Car Garage
  • Driveway

Outdoor Features

  • Deck
  • Patio
  • Outdoor Storage

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Baseboard Heating
  • Natural Gas Water Heater

Listing and Financial Details

  • Legal Lot and Block 39 and 40 / 519

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,953

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Beach Block, Cleared Lot, Inside Lot, Mainland, Water View
  • District Township: 05-Lower Township
  • Near: Beautiful bays views
  • Also Includes: Rugs
  • Estimated Year Built: 1975
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1975

Interior Features

  • Appliances Included: Range, Oven, Refrigerator, Washer, Dryer, Dishwasher
  • Interior Amenities: Cathedral Ceilings, Skylight, Storage, Wall to Wall Carpet
  • Total Bathrooms: 1.1
  • Full Bathrooms: 1
  • Bedrooms: 3
  • Total Rooms: 10
  • Basement: Full, Finished, Outside Entrance, Inside Entrance, Plumbing, Heated
  • Estimated Living Sq Ft: 1776
  • Other Rooms: Kitchen, Den/TV Room, Laundry/Utility Room, Workshop, Loft, Great Room

Exterior Features

  • Construction: Two Story, Contemporary
  • Exterior: Vinyl
  • Frontage: 50
  • House Color: sand
  • Outside Features: Patio, Deck, Fenced Yard, Storage Building

Garage/Parking

  • Parking Garage: 1.5 Car, Concrete Driveway

Utilities

  • Cooling: Ceiling Fan, Wall Air Conditioning, Window Air Conditioning
  • Heating: Baseboard, Hot Water
  • Hot Water: Gas- Natural
  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 39 and 40
  • Lot Size: 50 x 100
  • Zoning: R
  • Lot Size Range: 1 to 6000 SqFt

Tax Info

  • Tax Database Id: 1
  • Taxes: > 5953
  • Assessor Parcel Number: 05005190000000390000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2015
Closed on
May 28, 2015
Sold by
Paoletti Josephine V
Bought by
Cane Eugenia and Wissing William K
Seller's Agent
Carol Menz
COASTLINE REALTY, LLC
List Price
$395,000
Sold Price
$380,000
Premium/Discount to List
-$15,000
-3.8%
Current Estimated Value
$944,312

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$564,312
Avg. Annual Appreciation
9.57%
Original Mortgage
$304,000
Outstanding Balance
$237,967
Interest Rate
3.65%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$728,030

Purchase Details

Closed on
Jul 30, 2010
Sold by
Zent James G and Zent Elizabeth C
Bought by
Paoletti Josephine

Purchase Details

Closed on
Aug 19, 2009
Sold by
Zent James G and Zent Elizabeth C
Bought by
Zent James G
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
Cane Eugenia $380,000 Chicago Title Insurance Co
Paoletti Josephine $400,000 Mutual Title Agency
Zent James G -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cane Eugenia $304,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2015 05/28/15 Sold $380,000 -3.8% $214 / Sq Ft
04/28/2015 04/28/15 Pending -- -- --
04/01/2015 04/01/15 For Sale $395,000 -- $222 / 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 $7,364 $363,100 $205,000 $158,100
2024 $7,364 $363,100 $205,000 $158,100
2023 $7,258 $363,100 $205,000 $158,100
2022 $7,037 $363,100 $205,000 $158,100
2021 $6,826 $363,100 $205,000 $158,100
2020 $6,717 $363,100 $205,000 $158,100
2019 $6,550 $363,100 $205,000 $158,100
2018 $6,091 $345,900 $205,000 $140,900
2017 $6,007 $340,700 $205,000 $135,700
2016 $5,915 $340,700 $205,000 $135,700
2015 $5,724 $340,700 $205,000 $135,700
2014 $5,536 $340,700 $205,000 $135,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 163284

Cape May County Association of REALTORS®

APN: 05-00519-0000-00039