NOT LISTED FOR SALE

Estimated Value: $556,000 - $698,000

2 Beds
2 Baths
860 Sq Ft
0.3 Acres

Last Sold October 14, 2016

Last sale price $320,000 $372 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $3,720/month

15 Days on Market

Highlights

  • Beach Front
  • Building is beachfront but unit may not have water views
  • Wood Flooring
  • Property is near a beach
  • Island Location
  • Furnished

About This Home

As of October 2016

Location, Location, Location! Looking for a 1st floor unit, no steps? Across the street from the beach, the ampitheater with free concerts all summer, the seawall, and no one can build in front of you?? The Seawatch Condos is your place. Located on the SE Cor of 2nd and Surf. The interior of this property has been lovingly cared for. New hardwood floors in living area, new kitchen flooring, new Master bathroom with large walk-in shower, new washer and dryer, recently converted to gas heat and a gas fireplace this unit is coming fully furnished - turn-key ready. Only items going are the sellers personals. This property has never been rented but could absolutely bring you excellent rentals due to the location. Large covered patio with water hookup looks at the attractive sitting area but still offers lots of privacy. This is the owners primary residence so we request notice of at least 5 hrs. for showings but when possible, will accommodate earlier. Very solid and well run condo association. Fees paid quarterly and include water, sewer, outside maintenance, common area maintenance, landscaping, and master insurance coverage (Fire, Flood and Liability). Exterior of building recently upgraded and the roof is inspected yearly. There is a mandatory $200 contribution each January for the reserve account in addition to the quarterly fees. There are add'l parking sports on a first come first served basis. This is the one you have been waiting for. Don't miss out on this prime location and unit.

Last Agent to Sell the Property

Carol McCormick

DON MARTIN REALTY, INC Listed on: 08/30/2016

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,018

Lot Details

  • Building is beachfront but unit may not have water views
  • Beach Front

Interior Spaces

  • 860 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Ceiling Fan
  • Fireplace
  • Drapes & Rods
  • Blinds
  • Living Room
  • Dining Room

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • Parking Pad
  • Assigned Parking

Outdoor Features

  • Property is near a beach
  • Property near a bay

Location

  • Ground Level Unit
  • Island Location

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 2 / 324

Community Details

Amenities

  • Building Patio

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,018

Lot Details

0

Listing Details

  • Class: CONDO/TOWNHOUSE
  • Type: Condo
  • Seasonal Year Round: YEAR ROUND USAGE
  • Location: Beach Block, Beach Front, Island
  • District Township: 07-N. Wildwood City
  • Near: Beach, Seawall, Ampitheat
  • Also Includes: Curtains, Blinds, Rugs, Fireplace Equipment, Furniture
  • Bay Proximity: 4 Blocks
  • Beach Proximity: 1 Block
  • Pet Friendly: Owners allowed pets
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances Included: Range, Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Disposal
  • Number Of Stories: One
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 2
  • Estimated Living Sq Ft: 860
  • Other Rooms: Living Room, Dining Room, Kitchen, Pantry, Laundry/Utility Room, 1st Floor Master Bedroom

Garage/Parking

  • Parking: Parking Pad, 1 Car, Assigned Parking

Utilities

  • Cooling: Central Air, Ceiling Fan
  • Heating: Gas Natural
  • Hot Water: Electric
  • Sewer: City
  • Water: City

Condo/Co-op/Association

  • Common Area Features: Patio, Cable TV
  • Condo Fees: 676/Qtr
  • Unit Features: Fireplace, Hardwood Floors, Wall To Wall Carpet, Tile Floors
  • Unit Location: First Floor

Lot Info

  • Lot Number: 2

Tax Info

  • Taxes: > 4018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2016
Closed on
Oct 10, 2016
Sold by
Hession Harry D and Hession Elizabeth M
Bought by
Gilbert Juan Carlos and Gil Bridget
Seller's Agent
Carol McCormick
DON MARTIN REALTY, INC
List Price
$330,000
Sold Price
$320,000
Premium/Discount to List
-$10,000
-3.03%
Current Estimated Value
$629,255

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$309,255
Avg. Annual Appreciation
7.77%
Original Mortgage
$220,000
Outstanding Balance
$27,689
Interest Rate
3.48%
Mortgage Type
New Conventional
Estimated Equity
$601,566

Purchase Details

Closed on
Feb 29, 2000
Sold by
Zacco Vincent J
Bought by
Hession Harry D and Elizabeth Hession M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
8.21%

Purchase Details

Closed on
Nov 26, 1990
Sold by
Pennsylvania Savings Association
Bought by
Zacco Vincent J and Zacco Lois R
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
Gilbert Juan Carlos $320,000 Surety Title
Hession Harry D $129,000 --
Zacco Vincent J $94,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gilbert Juan Carlos $220,000
Previous Owner Hession Harry D $90,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/14/2016 10/14/16 Sold $320,000 -3.0% $372 / Sq Ft
09/14/2016 09/14/16 Pending -- -- --
08/30/2016 08/30/16 For Sale $330,000 -- $384 / 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 $5,120 $329,900 $220,000 $109,900
2024 $5,120 $329,900 $220,000 $109,900
2023 $5,011 $329,900 $220,000 $109,900
2022 $4,810 $329,900 $220,000 $109,900
2021 $3,306 $329,900 $220,000 $109,900
2020 $4,457 $329,900 $220,000 $109,900
2019 $4,308 $329,900 $220,000 $109,900
2018 $4,186 $329,900 $220,000 $109,900
2017 $4,097 $329,900 $220,000 $109,900
2016 $4,018 $329,900 $220,000 $109,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 172030

Cape May County Association of REALTORS®

APN: 07-00324-0000-00002-0000-C0104