NOT LISTED FOR SALE

Estimated Value: $646,000 - $892,000

7 Beds
4 Baths
1,686 Sq Ft
$450/Sq Ft Est. Value

Last Sold November 25, 2022

Last sale price $545,000 $323 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $4,678/month

35 Days on Market

Highlights

  • Property near a bay
  • Deck
  • Porch
  • Island Location
  • 3 Car Detached Garage
  • Cooling System Mounted In Outer Wall Opening

About This Home

As of November 2022

There is No Heat in this building which makes it Not Habitable Year Round. Conventional lenders Will Not Finance this property. Buyers will most likely have to use a Portfolio Lender for this purchase ( i.e. Sturdy Savings Bank or Crest Savings Bank). Please provide a Pre-Approval from a Portfolio Lender. Unit A - Ground Floor Front, Unit B - Top Floor Front, Unit C - Ground Floor Rear, Unit D - Cottage 1 Bedroom. Survey, Flood Elevation Cert., Legal Description, Seller Disclosure and Lead Paint Disclosure may be found in the Associated Documents section of the MLS. The Seller will be participating in a 1031 Exchange and the buyer will be asked to assist with no cost or liability to the buyer. Expense figures from 2021 are: Taxes $7,708, Flood Insurance $1,574, Home Owners Insurance $2,216, Utilities ( Gas, Electric, Water & Sewer) $2,880. Heat may not be installed in this property as per a Wildwood Ordinance. Sturdy Savings Bank will finance this property without heat.

Last Agent to Sell the Property

Paul Zografakis

RE/MAX SURFSIDE License #0565035 Listed on: 09/14/2022

Last Buyer's Agent

Bob Dimitrov

COASTLINE REALTY, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,708

Lot Details

  • 0.92

Home Design

  • Quadruplex

Interior Spaces

  • Partially Furnished
  • Ceiling Fan
  • Drapes & Rods
  • Living Room
  • Dining Area
  • Storage Room
  • Laundry Room
  • Crawl Space

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Parking

  • 3 Car Detached Garage
  • Driveway

Outdoor Features

  • Outdoor Shower
  • Property near a bay
  • Deck
  • Patio
  • Porch

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • No Heating
  • Separate Meters
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Lot Dimensions are 40 x 100
  • Island Location

Community Details

  • 4 Units

Listing and Financial Details

  • Legal Lot and Block 21 / 7

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,708

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Type: Four-Plex
  • Location: Island
  • District Township: 14-Wildwood City
  • Near: Beach, Boardwalk, Dining
  • Also Includes: Drapes, Partial Furniture
  • Bay Proximity: 4 Blocks
  • Beach Proximity: 2 Blocks
  • New Construction: No
  • Second Address Number: 214
  • Lot Size2: 40 X 100
  • Selling Agent1: 1468
  • Selling Office1: 20
  • OFFICELIST_STATE: NJ
  • Street Designation: Avenue
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 4
  • Basement: Crawl Space
  • Other Rooms: Living Room, Kitchen, Dining Area, Laundry/Utility Room, Storage Space

Exterior Features

  • Outside Features: Patio, Deck, Porch, Cable TV, Outside Shower

Garage/Parking

  • Parking: 3 Car, Detached, Concrete Driveway

Utilities

  • Separate Meter: Electric
  • Cooling: Electric, Ceiling Fan, Wall Air Conditioning
  • Heating: No Heating
  • Hot Water: Gas
  • Sewer: City
  • Water: City
  • Cable Available: Income Expense Info, Survey

Lot Info

  • Lot Number: 21
  • Lot Size: 1 to 6000 SqFt

Tax Info

  • Taxes: 7708
  • Tax Year: 2021

Multi Family

  • Number Of Units: 4
  • Total Rent: 37000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2022
Closed on
Nov 15, 2022
Sold by
Sand Cassel Llc
Bought by
Zmeu Eusebiu
Seller's Agent
Paul Zografakis
RE/MAX SURFSIDE
Buyer's Agent
Bob Dimitrov
COASTLINE REALTY, LLC
List Price
$575,000
Sold Price
$545,000
Premium/Discount to List
-$30,000
-5.22%
Current Estimated Value
$758,631

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$213,631
Avg. Annual Appreciation
11.95%
Original Mortgage
$408,750
Outstanding Balance
$396,373
Interest Rate
7.08%
Mortgage Type
New Conventional
Estimated Equity
$362,258

Purchase Details

Listed on
Sep 8, 2020
Closed on
Nov 27, 2020
Sold by
Lippincott Lawrence and Lippincotti D
Bought by
Teschko Kevin and Teschko Colleen
Seller's Agent
Jeff Quintin
eXp REALTY
Buyer's Agent
Paul Zografakis
RE/MAX SURFSIDE
List Price
$385,000
Sold Price
$375,000
Premium/Discount to List
-$10,000
-2.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.02%
Original Mortgage
$281,250
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 12, 2002
Sold by
Foster Barbara Ann
Bought by
Lippincott Lawrence and Teschko Kevin

Purchase Details

Closed on
Mar 27, 1993
Sold by
Ranieri Dominic and Ranieri Pauline
Bought by
Foster Barbara Ann and Michelle Ann
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
Zmeu Eusebiu $545,000 --
Teschko Kevin $375,000 None Available
Lippincott Lawrence $240,000 --
Foster Barbara Ann $86,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zmeu Eusebiu $408,750
Previous Owner Teschko Kevin $281,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/25/2022 11/25/22 Sold $545,000 -5.2% $323 / Sq Ft
10/19/2022 10/19/22 Pending -- -- --
09/14/2022 09/14/22 For Sale $575,000 +53.3% $341 / Sq Ft
12/10/2020 12/10/20 Sold $375,000 -2.6% $222 / Sq Ft View Prior Sale
10/09/2020 10/09/20 Pending -- -- --
09/08/2020 09/08/20 For Sale $385,000 -- $228 / 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 $8,388 $279,500 $145,000 $134,500
2024 $8,388 $279,500 $145,000 $134,500
2023 $8,187 $279,500 $145,000 $134,500
2022 $7,915 $279,500 $145,000 $134,500
2021 $5,730 $279,500 $145,000 $134,500
2020 $7,519 $279,500 $145,000 $134,500
2019 $7,250 $279,500 $145,000 $134,500
2018 $6,985 $279,500 $145,000 $134,500
2017 $6,691 $279,500 $145,000 $134,500
2016 $6,496 $279,500 $145,000 $134,500
2015 $6,392 $279,500 $145,000 $134,500
2014 $6,317 $279,500 $145,000 $134,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 222916

Cape May County Association of REALTORS®

APN: 14-00007-0000-00021