NOT LISTED FOR SALE

Estimated Value: $617,000 - $688,000

-- Bed
-- Bath
2,322 Sq Ft
$280/Sq Ft Est. Value

Last Sold May 03, 2024

Last sale price $625,000 $269 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $4,084/month

30 Days on Market

Highlights

  • Cape Cod Architecture
  • 1 Car Detached Garage
  • Hot Water Baseboard Heater
  • 1 Fireplace
  • Central Air

About This Home

As of May 2024

Located just a couple of blocks from the beach and boardwalk, this spacious newly renovated home offers the perfect seaside retreat. The house features a cozy closed-in porch with new large windows that welcome in the refreshing sea breezes. With a total of 5 bedrooms and 2 full bathrooms, the layout is ideal for families and guests. The first two bedrooms are conveniently located on the main level, while the other 3 bedrooms are situated upstairs along with a full bathroom.The kitchen is a highlight of the house, boasting brand new cabinets, quartz countertops, and stainless steel appliances. The adjacent dining room is open and inviting, with a small game room off to the side for entertainment. A private laundry room adds convenience to the living space. The front house is equipped with a new AC HVAC unit to ensure comfort on hot summer days.Step outside to the back patio, which leads to a second-floor cottage featuring 3 bedrooms and 1 bathroom. The cottage has also been newly renovated, with quartz countertops, white shaker cabinets, and a new split system for climate control. Below the cottage, a spacious garage provides ample storage space for beach gear and more.*Huge beach house with room for the whole family and use the back unit as a rental to offset your costs or for additional overflow room with guests. Would make a great 2 unit rental property as well. Has documented income of over 65k in rental income for past 3 years. * professional picture coming soon.

Last Agent to Sell the Property

Ashley DiLeonardo

Keller Williams Realty - Cherry Hill License #1971024 Listed on: 03/04/2024

Keller Williams Realty - Cherry Hill

Last Buyer's Agent

Domenic Riverso

KW Jersey/Keller Williams Jersey License #2322873

KW Jersey/Keller Williams Jersey

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,117

Year Built

  • Built in 1910 | Remodeled in 2020

Lot Details

  • 3,000 Sq Ft Lot
  • Lot Dimensions are 30.00 x 100.00

Parking

  • 1 Car Detached Garage
  • Side Facing Garage

Home Design

  • Duplex
  • Cape Cod Architecture
  • Brick Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,322 Sq Ft Home
  • 1 Fireplace

Utilities

  • Central Air
  • Hot Water Baseboard Heater
  • Natural Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Lot 00024 01
  • Assessor Parcel Number 14-00199 01-00024 01

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,117

Year Built

Built in 1910 | Remodeled in 2020

Lot Details

0

Parking

1

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Cape Cod
  • Ownership: Fee Simple
  • Exclusions: white bench, white wicker chair and table on patio
  • Inclusions: all furniture, appliances as is condition.
  • New Construction: No
  • Year Built: 1910
  • Year Renovated: 2020
  • Automatically Close On Close Date: No
  • Remarks Public: Located just a couple of blocks from the beach and boardwalk, this spacious newly renovated home offers the perfect seaside retreat. The house features a cozy closed-in porch with new large windows that welcome in the refreshing sea breezes. With a total of 5 bedrooms and 2 full bathrooms, the layout is ideal for families and guests. The first two bedrooms are conveniently located on the main level, while the other 3 bedrooms are situated upstairs along with a full bathroom. The kitchen is a highlight of the house, boasting brand new cabinets, quartz countertops, and stainless steel appliances. The adjacent dining room is open and inviting, with a small game room off to the side for entertainment. A private laundry room adds convenience to the living space. The front house is equipped with a new AC HVAC unit to ensure comfort on hot summer days. Step outside to the back patio, which leads to a second-floor cottage featuring 3 bedrooms and 1 bathroom. The cottage has also been newly renovated, with quartz countertops, white shaker cabinets, and a new split system for climate control. Below the cottage, a spacious garage provides ample storage space for beach gear and more. *Huge beach house with room for the whole family and use the back unit as a rental to offset your costs or for additional overflow room with guests. Would make a great 2 unit rental property as well. Has documented income of over 65k in rental income for past 3 years. * professional picture coming soon.
  • Special Features: None

Interior Features

  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Brick/Mortar
  • Room Count: 8
  • Total Sq Ft: 2322
  • Living Area Sq Ft: 2322
  • Price Per Sq Ft: 279.93
  • Above Grade Finished Sq Ft: 2322
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 222

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Garage Features: Garage - Side Entry
  • Number Of Detached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Detached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: WILDWOOD CITY SCHOOLS
  • School District Key: 300200396652
  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.07
  • Lot Dimensions: 30.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3000.00
  • Year Assessed: 2022
  • Zoning: R-1

Rental Info

  • Units Furnished: All
  • Vacation Rental: No

Multi Family

  • Single Room Units Count: 8

Tax Info

  • Tax Annual Amount: 6117.00
  • Assessor Parcel Number: 14-00199 01-00024 01
  • Tax Lot: 00024 01
  • Tax Total Finished Sq Ft: 2322
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 05/03/2024

MLS Schools

  • School District Name: WILDWOOD CITY SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2024
Closed on
May 3, 2024
Sold by
Tinsley Art Llc
Bought by
Panetta Matthew and Panetta Nicole
Seller's Agent
Ashley DiLeonardo
Keller Williams Realty - Cherry Hill
Buyer's Agent
Domenic Riverso
KW Jersey/Keller Williams Jersey
List Price
$670,000
Sold Price
$625,000
Premium/Discount to List
-$45,000
-6.72%
Views
119
Current Estimated Value
$650,384

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,384
Avg. Annual Appreciation
3.17%
Original Mortgage
$468,750
Outstanding Balance
$462,606
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$188,442

Purchase Details

Listed on
Sep 25, 2020
Closed on
Jan 6, 2021
Sold by
Wilkerson Tammy S
Bought by
Tinsley Art Llc
Seller's Agent
Colleen Johnston
LONG & FOSTER REAL ESTATE, INC nwnj
Buyer's Agent
Non-Member Non-Member
Non Member
List Price
$250,000
Sold Price
$215,000
Premium/Discount to List
-$35,000
-14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
37.91%
Original Mortgage
$198,900
Interest Rate
2.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 26, 2016
Sold by
Kapp Monica and Batz Cameron
Bought by
Wilkerson Tammy S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,576
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Listed on
Jan 27, 2016
Closed on
Apr 25, 2016
Sold by
Wilmington Trust N A
Bought by
Kapp Monica and Batz Cameron
Seller's Agent
BRETT NEAL
SHORESIDE REALTY LLC
List Price
$150,000
Sold Price
$131,250
Premium/Discount to List
-$18,750
-12.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.70%

Purchase Details

Closed on
Dec 1, 2015
Sold by
Aurora Loan Services Llc and Michalski Louraine F
Bought by
Wilmington Trust N A and Citibank N A

Purchase Details

Closed on
Sep 16, 2005
Sold by
Michalski Louraine F and Bartley Louraine F
Bought by
Michalski Louraine F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
5.81%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 20, 1998
Sold by
Sol Sofsky Testamentary Trust
Bought by
Michalski Richard

Purchase Details

Closed on
Nov 25, 1992
Sold by
Sofsky Sol and Sofsky Selma
Bought by
Sofsky,Jacob & Barry Trustees

Purchase Details

Closed on
Sep 24, 1990
Sold by
Sofsky Sol and Sofsky Selma
Bought by
Sofsky Sol
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
Panetta Matthew $625,000 First American Title
Tinsley Art Llc $215,000 Surety Title
Wilkerson Tammy S $189,000 None Available
Kapp Monica $131,250 Title Company Of Jersey
Wilmington Trust N A $10,000 None Available
Michalski Louraine F -- --
Michalski Richard $35,000 --
Sofsky,Jacob & Barry Trustees -- --
Sofsky Sol -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Panetta Matthew $468,750
Previous Owner Tinsley Art Llc $297,000
Previous Owner Tinsley Art Llc $198,900
Previous Owner Wilkerson Tammy S $185,576
Previous Owner Michalski Louraine M $60,000
Previous Owner Michalski Louraine F $260,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/03/2024 05/03/24 Sold $625,000 -3.8% $269 / Sq Ft
03/12/2024 03/12/24 Price Changed $649,999 -3.0% $280 / Sq Ft
03/04/2024 03/04/24 For Sale $670,000 +211.6% $289 / Sq Ft
01/08/2021 01/08/21 Sold $215,000 -14.0% $93 / Sq Ft
12/06/2020 12/06/20 Pending -- -- --
09/25/2020 09/25/20 For Sale $250,000 +90.5% $108 / Sq Ft
04/25/2016 04/25/16 Sold $131,250 -12.5% $71 / Sq Ft
03/26/2016 03/26/16 Pending -- -- --
01/27/2016 01/27/16 For Sale $150,000 -- $81 / Sq Ft
Source: Bright MLS

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 $6,482 $216,000 $79,000 $137,000
2024 $6,482 $216,000 $79,000 $137,000
2023 $6,327 $216,000 $79,000 $137,000
2022 $6,117 $216,000 $79,000 $137,000
2021 $4,293 $216,000 $79,000 $137,000
2020 $5,810 $216,000 $79,000 $137,000
2019 $5,603 $216,000 $79,000 $137,000
2018 $5,398 $216,000 $79,000 $137,000
2017 $5,171 $216,000 $79,000 $137,000
2016 $5,020 $216,000 $79,000 $137,000
2015 $4,940 $216,000 $79,000 $137,000
2014 $4,882 $216,000 $79,000 $137,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJCM2003212

Bright MLS

APN: 14 00199- 01-00024- 01