NOT LISTED FOR SALE

Estimated Value: $286,000 - $900,000

-- Bed
-- Bath
1,710 Sq Ft
$359/Sq Ft Est. Value

Last Sold December 30, 2016

Last sale price $140,000 $82 Per Sq Ft

Est. 339% increase in value since last sale

Current estimated payment $3,554/month

75 Days on Market

Highlights

  • Property near a bay
  • Eat-In Kitchen
  • Patio
  • Island Location
  • Interior Lot
  • 5-minute walk to Albert J. Allen Memorial Park

About This Home

As of December 2016

If you want a home at the shore and get income from a second unit, LOOK NO FURTHER! This North Wildwood duplex is 1/2 block to Ottens Canal and a short walk to the beach. The first floor has an enclosed sunporch, 2 bedrooms, bath, kitchen, dining area and living room and washer/dryer hook up. The second floor has 3 bedrooms, living room, kitchen/dining area and bath. Unit have never been rented but would make a great rental unit for extra income. Both units have separate electric and gas meters, and also have gas tankless hot water heaters. This property has great upside potential.

Last Agent to Sell the Property

Paul DiFilippo

RE/MAX SURFSIDE License #8830342 Listed on: 09/16/2016

RE/MAX SURFSIDE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,695

Year Built

  • Built in 1930

Lot Details

  • 3,006

Home Design

  • Duplex

Interior Spaces

  • Living Room
  • Crawl Space
  • Eat-In Kitchen
  • Laundry Room

Parking

  • 2 Parking Spaces
  • Parking Pad

Outdoor Features

  • Property near a bay
  • Patio
  • Outdoor Storage

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Separate Meters
  • Individual Gas Meter
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Interior Lot
  • Island Location

Community Details

  • 2 Units

Listing and Financial Details

  • Legal Lot and Block 17 / 141

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,695

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Type: Duplex
  • Location: Inside Lot, Island
  • District Township: 07-N. Wildwood City
  • Near: bay
  • Estimated Year Built: 1930
  • Bay Proximity: 1 Block
  • Special Features: 20
  • Property Sub Type: MultiFamily
  • Year Built: 1930

Interior Features

  • Basement: Crawl Space
  • Other Rooms: Living Room, Kitchen, Eat In Kitchen, Laundry/Utility Room

Exterior Features

  • Outside Features: Patio, Storage Building, Cable TV, Sidewalks

Garage/Parking

  • Parking: Parking Pad, 2 Car

Utilities

  • Separate Meter: Electric, Gas
  • Heating: Gas Natural, Baseboard, Hot Water
  • Hot Water: Gas
  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 17
  • Lot Size: 30 X 100
  • Zoning: R-2
  • Lot Size Range: 1 to 6000 SqFt

Tax Info

  • Taxes: > 2695.92

Multi Family

  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2016
Closed on
Dec 27, 2016
Sold by
Fannie Mae
Bought by
Mccaughern John and Mccaughern Margaret
Seller's Agent
Paul DiFilippo
RE/MAX SURFSIDE
List Price
$140,000
Sold Price
$140,000
Current Estimated Value
$614,623

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$474,623
Avg. Annual Appreciation
18.24%

Purchase Details

Closed on
Mar 13, 2009
Sold by
Diprimeo Nicholas J and Di Primeo Frances
Bought by
Miller Dolores L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$562,500
Interest Rate
5.36%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 30, 1994
Sold by
Johnson Michael J
Bought by
Diprimo Nicholas and Diprimo Frances

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,000
Interest Rate
8.51%
Source: Public Records

Range of Values:

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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
Mccaughern John $140,000 None Available
Miller Dolores L -- None Available
Diprimo Nicholas $85,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Miller Dolores L $562,500
Previous Owner Diprimo Nicholas $83,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/30/2016 12/30/16 Sold $140,000 0.0% $82 / Sq Ft
11/30/2016 11/30/16 Pending -- -- --
09/16/2016 09/16/16 For Sale $140,000 -- $82 / 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 $4,045 $260,600 $120,000 $140,600
2024 $4,045 $260,600 $120,000 $140,600
2023 $3,959 $260,600 $120,000 $140,600
2022 $3,800 $260,600 $120,000 $140,600
2021 $3,651 $260,600 $120,000 $140,600
2020 $3,521 $260,600 $120,000 $140,600
2019 $3,403 $260,600 $120,000 $140,600
2018 $3,307 $260,600 $120,000 $140,600
2017 $3,237 $260,600 $120,000 $140,600
2016 $3,174 $260,600 $120,000 $140,600
2015 $2,696 $239,000 $150,000 $89,000
2014 $2,631 $239,000 $150,000 $89,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 172442

Cape May County Association of REALTORS®

APN: 07-00141-0000-00017