NOT LISTED FOR SALE

242 E Bennett Ave Unit 4 Wildwood, NJ 08260

The Wildwoods Neighborhood

Estimated Value: $413,000 - $461,000

2 Beds
2 Baths
1,000 Sq Ft
0.28 Acres

Last Sold December 16, 2016

Last sale price $173,200 $173 Per Sq Ft

Est. 154% increase in value since last sale

Current estimated payment $2,811/month

309 Days on Market

Highlights

  • Island Location
  • Community Pool
  • Living Room
  • Furnished
  • Elevator
  • Laundry Room

About This Home

As of December 2016

MAJOR PRICE REDUCTION, PRICED TO SELL! TWO BEDROOM, TWO BATH CONDO WITH POOL & ELEVATOR! This well maintained Poolside Condominium is a rare opportunity that should not be missed! The location is ideal - just 2 blocks from Wildwood Crest, the beach and boardwalk are just 2 short blocks away, and local restaurants, stores, ice cream parlors, miniature golf and more attractions are within close proximity, making this an ideal rental investment. Being offered TURN KEY with a great rental history. There is a large outdoor deck with plenty of seating. Inside you'll find a spacious and open layout with a large living space with berber carpeting, a fully equipped kitchen with snack bar, and adjacent dining area. The master bedroom has a walk-in closet and private bath with tub (currently set up with bunk beds but easily changed) plus there is an additional bedroom and bath off the hall. Enjoy a washer and dryer in the unit for convenience, and forced air heat and central air for year round comfort. The rooms in this condo are all generously sized, and this unit is offered furnished and with appliances, so you can just move right in and enjoy! The condo fee covers exterior insurances for fire, flood and liability, water, sewer, pool care, exterior lighting and on-going general maintence of common areas. There is a storage unit for this condominium in the back of the property marked as such that is included in the sale as well. There is a ramp leading to the elevator which offers wheel chair accessibility. This building was constructed on pilings as opposed to a typical foundation, which sets this building apart in terms of its construction. The condos at Poolside Condominiums have a strong rental history, with this particular unit renting 7-9 weeks every summer at $1650/week rental rate. This is the perfect unit for personal use or investment, or both! Please note that the square footage was taken from tax records and should be verified by Buyer prior to an offer.

Last Agent to Sell the Property

Jessica Lees

LEES REAL ESTATE License #9803301 Listed on: 01/12/2016

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,430

Lot Details

  • 0.28

Interior Spaces

  • 1,000 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Drapes & Rods
  • Blinds
  • Living Room
  • Dining Area
  • Storage Room
  • Wall to Wall Carpet

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Parking

  • 2 Parking Spaces
  • Assigned Parking

Location

  • Island Location

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 26 / 15

Community Details

Amenities

  • Community Deck or Porch
  • Elevator

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,430

Lot Details

0

Listing Details

  • Class: CONDO/TOWNHOUSE
  • Type: Condo
  • Seasonal Year Round: YEAR ROUND USAGE
  • Location: Island
  • District Township: 14-Wildwood City
  • Near: Beach & Boardwalk
  • Also Includes: Curtains, Shades, Blinds, Furniture
  • Beach Proximity: 2 Blocks
  • Pet Friendly: Owners allowed pets
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances Included: Range, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Smoke/Fire Detector
  • Number Of Stories: One
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 2
  • Estimated Living Sq Ft: 1000
  • Other Rooms: Living Room, Kitchen, Dining Area, Laundry/Utility Room, Storage Space

Garage/Parking

  • Parking: 2 Car, Assigned Parking

Utilities

  • Cooling: Central Air
  • Heating: Electric, Forced Air, Heat Pump
  • Hot Water: Electric
  • Sewer: City
  • Water: City

Condo/Co-op/Association

  • Unit: 4
  • Common Area Features: Elevator, Deck/Porch, Cable TV, Pool
  • Condo Fees: $375/mo
  • Unit Features: Wall To Wall Carpet

Lot Info

  • Lot Number: 26
  • Zoning: H/M1

Tax Info

  • Taxes: 4429.54

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 12, 2016
Closed on
Dec 13, 2016
Sold by
Galuska Laurie M L and Galuska Stanley S
Bought by
Faherty James F and Faherty Sharon C
Seller's Agent
Jessica Lees
LEES REAL ESTATE
List Price
$199,900
Sold Price
$173,200
Premium/Discount to List
-$26,700
-13.36%
Current Estimated Value
$440,206

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$267,006
Avg. Annual Appreciation
11.16%
Original Mortgage
$138,500
Outstanding Balance
$113,262
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$326,944

Purchase Details

Closed on
Apr 4, 2001
Sold by
Cappadona Robert
Bought by
Galuska Laurie M L and Galuska Stanley S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,600
Interest Rate
7.05%
Source: Public Records

Range of Values:

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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
Faherty James F $173,200 Max Title Agency Llc
Galuska Laurie M L $119,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Faherty James F $138,500
Previous Owner Galuska Laurie M L $95,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/16/2016 12/16/16 Sold $173,200 -13.4% $173 / Sq Ft
11/16/2016 11/16/16 Pending -- -- --
01/12/2016 01/12/16 For Sale $199,900 -- $200 / 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 $5,720 $190,600 $90,000 $100,600
2024 $5,720 $190,600 $90,000 $100,600
2023 $5,583 $190,600 $90,000 $100,600
2022 $5,398 $190,600 $90,000 $100,600
2021 $5,251 $190,600 $90,000 $100,600
2020 $5,127 $190,600 $90,000 $100,600
2019 $4,944 $190,600 $90,000 $100,600
2018 $4,763 $190,600 $90,000 $100,600
2017 $4,563 $190,600 $90,000 $100,600
2016 $4,430 $190,600 $90,000 $100,600
2015 $4,359 $190,600 $90,000 $100,600
2014 $4,308 $190,600 $90,000 $100,600
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    Jessica Lees

    LEES REAL ESTATE

    (609) 723-5087

    206 in this area

    216 Total Sales

    Jessica Lees
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Map

Source: Cape May County Association of REALTORS®

MLS Number: 167950

Cape May County Association of REALTORS®

APN: 14-00015-0000-00026-0000-C0004

New Jersey Cape May County Wildwood 08260 The Wildwoods

242 E Bennett Ave Unit 4, Wildwood, NJ

This home is located at 242 E Bennett Ave Unit 4, Wildwood, NJ 08260 since 12 January 2016 and is currently estimated at $440,206, approximately $440 per square foot. 242 E Bennett Ave Unit 4 is a home located in Cape May County with nearby schools including Glenwood Avenue Elementary School, Wildwood Middle School, and Wildwood High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Cape May County Association of REALTORS® Broker Reciprocity: The data relating to real estate for sale or rent on this web site comes in part from the Broker Reciprocity program of the Cape May County Multiple Listing Service. Real estate listings held by brokerage firms other than Ten-X are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. This information is deemed reliable but not guaranteed. Representations as subject to verification by inspection and subject to change without notice. Some properties which appear for sale or rent on this website may no longer be available because they are under contract, have sold, or are no longer being offered for sale or rent. Information is deemed to be accurate but not guaranteed.

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