NOT LISTED FOR SALE

Estimated Value: $1,088,000 - $1,597,000

-- Bed
-- Bath
2,860 Sq Ft
$458/Sq Ft Est. Value

Last Sold May 13, 2016

Last sale price $342,000 $120 Per Sq Ft

Est. 283% increase in value since last sale

Current estimated payment $7,664/month

72 Days on Market

Highlights

  • Property near a bay
  • Screened Porch
  • Eat-In Kitchen
  • Island Location
  • 2 Car Detached Garage
  • Interior Lot

About This Home

As of May 2016

Location! Location! Location! This triplex has great potential, and is on a 60x100 foot lot on one of the nicest streets in North Wildwood. There are 2 buildings with a 2 car garage. Spend the summer in one unit, and rent the other two. Either way you come out a winner!!! Don't let this one get away. Property being sold "AS IS", Seller has no warranties and no guarantees.

Last Agent to Sell the Property

Barbara Greenwood

DON MARTIN REALTY, INC Listed on: 02/01/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,152

Lot Details

  • 6,011

Home Design

  • Triplex

Interior Spaces

  • Partially Furnished
  • Living Room
  • Screened Porch
  • Crawl Space
  • Eat-In Kitchen

Parking

  • 2 Car Detached Garage
  • Driveway

Utilities

  • Central Air
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Property near a bay
  • Interior Lot
  • Island Location

Community Details

  • 3 Units

Listing and Financial Details

  • Legal Lot and Block 9 / 232

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,152

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Type: Triplex
  • Location: Inside Lot, Island
  • District Township: 07-N. Wildwood City
  • Also Includes: Rugs, Partial Furniture
  • Bay Proximity: 4 Blocks
  • Beach Proximity: 2 Blocks
  • Available: Lease Information
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Outside Features: Enclosed/Cov. Patio, Screened Porch, Cable TV

Garage/Parking

  • Parking: Garage, 2 Car, Detached, Black Top Driveway

Utilities

  • Cooling: Central Air
  • Hot Water: Gas
  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 9
  • Lot Size: 60x100
  • Zoning: R-1
  • Lot Size Range: 1 to 6000 SqFt

Tax Info

  • Taxes: 5151.58

Multi Family

  • Number Of Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 5, 2024
Sold by
Crusemire James
Bought by
Merighi Thomas J and Merighi Leanne
Current Estimated Value
$1,308,562

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$756,000
Outstanding Balance
$745,114
Interest Rate
6.74%
Mortgage Type
New Conventional
Estimated Equity
$563,448

Purchase Details

Listed on
Feb 1, 2016
Closed on
Apr 28, 2016
Sold by
Talley Joseph and Talley Debra
Bought by
Crusemire James
Seller's Agent
Barbara Greenwood
DON MARTIN REALTY, INC
List Price
$389,900
Sold Price
$342,000
Premium/Discount to List
-$47,900
-12.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.54%

Purchase Details

Closed on
Aug 25, 2006
Sold by
Schloss Lawrence
Bought by
Talley Joseph and Talley Debra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
6.59%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 17, 1996
Sold by
Willey Richard
Bought by
Schloss Anastasia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
8.26%

Purchase Details

Closed on
Sep 23, 1995
Sold by
Busfield Vivian
Bought by
Willey Jill and Willey Richard
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
Merighi Thomas J $1,239,000 Shore Title
Crusemire James $342,000 Shore Title Agency Inc
Talley Joseph $450,000 Surety Title Corporation
Schloss Anastasia $100,000 --
Willey Jill $113,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Merighi Thomas J $756,000
Previous Owner Talley Joseph $299,250
Previous Owner Talley Joseph $337,500
Previous Owner Schloss Lawrence $318,000
Previous Owner Schloss Anastasia $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2016 05/13/16 Sold $342,000 -12.3% $120 / Sq Ft
04/13/2016 04/13/16 Pending -- -- --
02/01/2016 02/01/16 For Sale $389,900 -- $136 / 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 $6,410 $413,000 $270,000 $143,000
2024 $6,410 $413,000 $270,000 $143,000
2023 $6,273 $413,000 $270,000 $143,000
2022 $6,022 $413,000 $270,000 $143,000
2021 $4,288 $413,000 $270,000 $143,000
2020 $5,580 $413,000 $270,000 $143,000
2019 $5,394 $413,000 $270,000 $143,000
2018 $4,991 $393,300 $270,000 $123,300
2017 $4,885 $393,300 $270,000 $123,300
2016 $4,790 $393,300 $270,000 $123,300
2015 $5,278 $467,900 $297,000 $170,900
2014 $5,152 $467,900 $297,000 $170,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 168309

Cape May County Association of REALTORS®

APN: 07-00232-0000-00009