NOT LISTED FOR SALE

225 E Burk Ave Unit 2 (top) Wildwood, NJ 08260

The Wildwoods Neighborhood

Estimated Value: $620,000 - $741,000

4 Beds
2 Baths
1,794 Sq Ft
4,008 Sq Ft Lot

Last Sold January 31, 2018

Last sale price $319,000 $178 Per Sq Ft

Est. 114% increase in value since last sale

Current estimated payment $4,283/month

145 Days on Market

Highlights

  • Water Views
  • Property is near a beach
  • Wood Flooring
  • New Construction
  • Island Location
  • 2-minute walk to Fox Park

About This Home

As of January 2018

There is no monthly condo fee but rather an insurance split between the two units. In addition this property will be subject to Wildwood's Tax abatement program. Per the Tax Assessor, this property will receive a 30% reduction of the building value for a period of five years following its purchase. Plans & Amenities in Associated Docs

Last Agent to Sell the Property

Barbara Hunt

CENTURY 21 ALLIANCE wc Listed on: 02/12/2017

CENTURY 21 ALLIANCE wc

Last Buyer's Agent

Stephen Zuzulock

CENTURY 21 ALLIANCE wc

CENTURY 21 ALLIANCE wc

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,568

Lot Details

  • 4,008

Home Design

  • New Construction

Interior Spaces

  • 1,794 Sq Ft Home
  • 1-Story Property
  • Fireplace
  • Living Room
  • Dining Area
  • Storage Room
  • Water Views

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Parking

  • 1 Car Attached Garage
  • Driveway

Outdoor Features

  • Outdoor Shower
  • Property is near a beach

Location

  • Ground Level Unit
  • Island Location

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Listing and Financial Details

  • Legal Lot and Block 7 / 85

Community Details

Pet Policy

  • Pets Allowed

Additional Features

  • Community Deck or Porch
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,568

Lot Details

0

Listing Details

  • Class: CONDO/TOWNHOUSE
  • Type: Condo
  • Seasonal Year Round: YEAR ROUND USAGE
  • Location: Island, Water View
  • District Township: 14-Wildwood City
  • Estimated Year Built: NEW
  • Beach Proximity: 1 Block
  • New Construction: Yes
  • Capital Contribution: Yes
  • Pet Friendly: Owners allowed pets
  • OFFICELIST_STATE: NJ
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Appliances Included: Range, Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Disposal, Smoke/Fire Detector
  • Number Of Stories: One
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 4
  • Estimated Living Sq Ft: 1794
  • Other Rooms: Living Room, Kitchen, Dining Area, Laundry/Utility Room, Storage Space

Garage/Parking

  • Parking: Garage, 1 Car, Attached, Concrete Driveway

Utilities

  • Cooling: Central Air
  • Heating: Gas Natural, Forced Air
  • Hot Water: Gas
  • Sewer: City
  • Water: City

Condo/Co-op/Association

  • Common Area Features: Deck/Porch, Outside Shower
  • Condo Fees: Ins Split
  • Unit Features: Fireplace, Kitchen Center Island, Hardwood Floors, Tile Floors
  • Unit Location: First Floor, Water View

Lot Info

  • Lot Number: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2017
Closed on
Jan 26, 2018
Sold by
Tirmel Construction Llc
Bought by
Connelly Woodrow W and Connelly Mary W
Seller's Agent
Barbara Hunt
CENTURY 21 ALLIANCE wc
Buyer's Agent
Stephen Zuzulock
CENTURY 21 ALLIANCE wc
List Price
$319,000
Sold Price
$319,000
Current Estimated Value
$681,725

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$362,725
Avg. Annual Appreciation
10.30%
Original Mortgage
$239,250
Outstanding Balance
$202,623
Interest Rate
3.99%
Mortgage Type
Unknown
Estimated Equity
$479,102
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
Connelly Woodrow W $319,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Connelly Woodrow W $239,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2018 01/31/18 Sold $319,000 0.0% $178 / Sq Ft
01/01/2018 01/01/18 Pending -- -- --
02/12/2017 02/12/17 For Sale $319,000 -- $178 / 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 $8,568 $285,500 $80,000 $205,500
2024 $8,568 $285,500 $80,000 $205,500
2023 $6,558 $285,500 $80,000 $205,500
2022 $6,341 $223,900 $0 $0
2021 $6,168 $223,900 $0 $0
2020 $6,023 $223,900 $0 $0
2019 $5,808 $285,500 $80,000 $205,500
2018 $987 $39,500 $39,500 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2018

    Barbara Hunt

    CENTURY 21 ALLIANCE wc

    (609) 780-4223

    64 in this area

    82 Total Sales

    Barbara Hunt
    Section Image

  • S

    Buyer's Agent in 2018

    Stephen Zuzulock

    CENTURY 21 ALLIANCE wc

    (609) 780-5374

    1 Total Sale

    Stephen Zuzulock
    Section Image
See All Agents

Map

Source: Cape May County Association of REALTORS®

MLS Number: 174615

Cape May County Association of REALTORS®

APN: 14-00085-0000-00007-0000-C0002

New Jersey Cape May County Wildwood 08260 The Wildwoods

225 E Burk Ave Unit 2 (top), Wildwood, NJ

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