NOT LISTED FOR SALE

228 Walnut Ave Villas, NJ 08251

Estimated Value: $428,000 - $590,343

3 Beds
2 Baths
-- Sq Ft
6,098 Sq Ft Lot

Last Sold April 30, 2021

Last sale price $370,000

Est. 40% increase in value since last sale

Current estimated payment $3,107/month

1 Day on Market

Highlights

  • Property near a bay
  • Deck
  • Furnished
  • Building is beachfront but unit may not have water views
  • Ranch Style House
  • Fenced Yard

About This Home

As of April 2021

House is rented on weekends right now. Showings Monday to Friday at 3. No showings on Saturday or Sunday. Fully booked for the whole summer. Weekly rentals. $32,000 in rents. ALL SHOWINGS WILL STOP ON FRIDAY AT 3PM. BEST AND FINAL OFFER BY 6PM FRIDAY.

Last Agent to Sell the Property

Dan Harris

WEICHERT REALTORS CITY TO SHORE License #0570791 Listed on: 03/23/2021

WEICHERT REALTORS CITY TO SHORE

Last Buyer's Agent

Leslie Headley IV

KELLER WILLIAMS ATLANTIC SHORE

KELLER WILLIAMS ATLANTIC SHORE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,776

Year Built

  • Built in 1954

Lot Details

  • Building is beachfront but unit may not have water views
  • Fenced Yard
  • Interior Lot

Home Design

  • Ranch Style House
  • Vinyl Siding

Interior Spaces

  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Living Room
  • Wall to Wall Carpet
  • Crawl Space
  • Storage In Attic
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Oven
  • Stove
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Car Detached Garage
  • Stone Driveway

Outdoor Features

  • Outdoor Shower
  • Property near a bay
  • Deck
  • Outdoor Grill

Utilities

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

Listing and Financial Details

  • Legal Lot and Block 29 / 310

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,776

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Beach Block, Inside Lot, Mainland
  • District Township: 05-Lower Township
  • Near: The Bay
  • Also Includes: Furniture, Window Treatments
  • Estimated Year Built: 1954
  • Bay Proximity: 1 Block
  • New Construction: No
  • Second Address Number: 228
  • Lot Size2: 5998
  • Selling Agent1: 5604
  • Selling Office1: 615
  • OFFICELIST_STATE: NJ
  • Street Designation: Avenue
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1954

Interior Features

  • Appliances Included: Range, Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Stove Natural Gas
  • Interior Amenities: Smoke/Fire Alarm, Wall to Wall Carpet
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 3
  • Total Rooms: 6
  • Basement: Crawl Space
  • Other Rooms: Living Room, Kitchen, Eat-In-Kitchen, Laundry/Utility Room, Storage Attic, 1st Floor Primary Bedroom

Exterior Features

  • Construction: Ranch
  • Exterior: Vinyl
  • Outside Features: Deck, Grill, Fenced Yard, Outside Shower

Garage/Parking

  • Parking Garage: 2 Car, Detached, Stone Driveway

Utilities

  • Cooling: Central Air Condition, Ceiling Fan
  • Heating: Gas Natural, Forced Air
  • Hot Water: Gas- Natural
  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 29
  • Lot Size: 1 to 6000 SqFt
  • Total Assessment: 205000

Tax Info

  • Taxes: 3776.1
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2021
Closed on
May 7, 2021
Sold by
Woodcock Richard and Woodcock Theresa
Bought by
Gelches Conor and Gelches Kristin
Seller's Agent
Dan Harris
WEICHERT REALTORS CITY TO SHORE
Buyer's Agent
Leslie Headley IV
KELLER WILLIAMS ATLANTIC SHORE
List Price
$349,900
Sold Price
$370,000
Premium/Discount to List
$20,100
5.74%
Current Estimated Value
$518,586

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$148,586
Avg. Annual Appreciation
7.90%
Original Mortgage
$296,000
Outstanding Balance
$268,250
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$250,336

Purchase Details

Closed on
Jun 22, 1995
Sold by
Cellini Angelina
Bought by
Woodcock Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,000
Interest Rate
7.82%
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
Gelches Conor $370,000 Misc Company
Gelches Conor $370,000 Title Company Of Jersey
Woodcock Richard $64,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gelches Conor $296,000
Closed Gelches Conor $296,000
Previous Owner Woodcock Richard $58,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2021 04/30/21 Sold $370,000 +5.7% --
03/24/2021 03/24/21 Pending -- -- --
03/23/2021 03/23/21 For Sale $349,900 -- --
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 $4,149 $205,000 $112,000 $93,000
2024 $4,149 $205,000 $112,000 $93,000
2023 $4,084 $205,000 $112,000 $93,000
2022 $3,963 $205,000 $112,000 $93,000
2021 $3,840 $205,000 $112,000 $93,000
2020 $3,776 $205,000 $112,000 $93,000
2019 $3,686 $205,000 $112,000 $93,000
2018 $3,602 $205,000 $112,000 $93,000
2017 $3,602 $205,000 $112,000 $93,000
2016 $3,553 $205,000 $112,000 $93,000
2015 $3,440 $205,000 $112,000 $93,000
2014 $3,315 $205,000 $112,000 $93,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 211003

Cape May County Association of REALTORS®

APN: 05-00310-0000-00029