NOT LISTED FOR SALE

2523 Cottonwood Ct Unit 15 Mays Landing, NJ 08330

Estimated Value: $176,000 - $201,000

2 Beds
1.5 Baths
1,336 Sq Ft
$141/Sq Ft Est. Value

Last Sold August 24, 2017

Last sale price $43,000 $32 Per Sq Ft

Est. 339% increase in value since last sale

Current estimated payment $1,194/month

22 Days on Market

Highlights

  • No HOA
  • Living Room
  • Central Air
  • Absegami High School Rated A-
  • En-Suite Primary Bedroom
  • Dining Room

About This Home

As of August 2017

Two bedroom, one and a half bath condominium in Woodlands Community, open stairwell between living and dining rooms. Plenty of kitchen cabinets for storage. Conveniently located to shopping. Disclosures: Property is NOT located in a FEMA Special Flood Hazard Area but is listed as a moderate to low flood risk. Please refer to www.FloodSmart.gov for additional information regarding flood zones and insurance. State law requires Smoke/Carbon Monoxide detectors be installed for properties having combustible fuel heaters/furnaces, fireplaces, hot water heaters, clothes dryers, cooking appliances, or an attached garage, but seller (HUD) is exempt from this requirement as a Federal Entity. Individual condominium unit. Property has a past due HOA balance of $2591. HOA Association fee of $259.00 Monthly: The Woodlands Community Association, Inc. Repairs: Plumbing needs repair, Electrical needs repairs. Commission: Listing Broker 3% of purchase price, Selling Broker up to 3% of purchase price. Finance Terms: FHA, Cash, and Conventional. See Attached Addendum.

Last Agent to Sell the Property

Stephanie Verderose

Exit Homestead Realty Professi License #8737276 Listed on: 05/22/2017

Exit Homestead Realty Professi

Co-Listed By

datacorrect BrightMLS

Non Subscribing Office

Last Buyer's Agent

datacorrect BrightMLS

Non Subscribing Office

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,576

Year Built

  • Built in 1985

Parking

  • Assigned Parking

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,336 Sq Ft Home
  • Living Room
  • Dining Room
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Primary Bedroom

Utilities

  • Central Air
  • Heating Available
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 15

Community Details

Overview

  • No Home Owners Association
  • Association fees include trash, water, sewer, management
  • Woodlands Community

Pet Policy

  • Pets allowed on a case-by-case basis

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,576

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Ownership: Condominium
  • New Construction: No
  • Year Built: 1985
  • Remarks Public: Two bedroom, one and a half bath condominium in Woodlands Community, open stairwell between living and dining rooms. Plenty of kitchen cabinets for storage. Conveniently located to shopping. Disclosures: Property is NOT located in a FEMA Special Flood Hazard Area but is listed as a moderate to low flood risk. Please refer to www.FloodSmart.gov for additional information regarding flood zones and insurance. State law requires Smoke/Carbon Monoxide detectors be installed for properties having combustible fuel heaters/furnaces, fireplaces, hot water heaters, clothes dryers, cooking appliances, or an attached garage, but seller (HUD) is exempt from this requirement as a Federal Entity. Individual condominium unit. Property has a past due HOA balance of $2591. HOA Association fee of $259.00 Monthly: The Woodlands Community Association, Inc. Repairs: Plumbing needs repair, Electrical needs repairs. Commission: Listing Broker 3% of purchase price, Selling Broker up to 3% of purchase price. Finance Terms: FHA, Cash, and Conventional. See Attached Addendum.
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Dishwasher
  • Fireplace: No
  • Room Count: 5
  • Room List: Living Room, Dining Room, Primary Bedroom, Kitchen, Bedroom 1
  • Living Area Units: Square Feet
  • Total Sq Ft: 1336
  • Living Area Sq Ft: 1336
  • Net Sq Ft: 1336.00
  • Price Per Sq Ft: 32.19
  • Above Grade Finished Sq Ft: 1336
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2523

Beds/Baths

  • Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Assigned

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 259.00
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Fee Includes: Trash, Water, Sewer, Management
  • HOA: No

Lot Info

  • Lot Size Units: Square Feet
  • Property Attached Yn: Yes
  • Zoning: RES

Rental Info

  • Pets: Case By Case Basis
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 1576.00
  • Tax Lot: 15
  • Tax Year: 2016
  • Close Date: 08/24/2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2017
Closed on
Sep 13, 2017
Sold by
Secretary Of Hud Of Washington Dc
Bought by
Ilm Properties Llc
Seller's Agent
Stephanie Verderose
Exit Homestead Realty Professi
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$36,000
Sold Price
$43,000
Premium/Discount to List
$7,000
19.44%
Current Estimated Value
$188,670

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$145,670
Avg. Annual Appreciation
20.07%

Purchase Details

Listed on
Jan 19, 2016
Closed on
Jun 30, 2016
Sold by
Wells Fargo Bank Na
Bought by
The Secretary Of Hud
Seller's Agent
Lisa G Lopez
Home Alliance Realty
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$35,000
Sold Price
$60,000
Premium/Discount to List
$25,000
71.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-24.42%

Purchase Details

Closed on
Mar 25, 2014
Sold by
Gonzalez Richard A and Gonzalez Perez Ricardo A
Bought by
Secretary Of Housings And Urban Developm

Purchase Details

Closed on
Oct 17, 2007
Sold by
Lawrence Sandra L and Lawrence Michelle
Bought by
Gonzalez Ricardo A and Perez Ricardo A Gonzalez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,575
Interest Rate
6.51%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 28, 2005
Sold by
Tomlin John V
Bought by
Lawrence Sandra L and Lawrence Michelle

Purchase Details

Closed on
Dec 3, 2002
Sold by
Ciccone John
Bought by
Tomlin John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,990
Interest Rate
6.34%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 15, 1992
Sold by
Gara Dominic A
Bought by
Ciccone John and Ciccone Gina
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
Ilm Properties Llc $43,000 Atlantic Shore Title Llc
The Secretary Of Hud -- Servicelink Aliquippa Title
Secretary Of Housings And Urban Developm -- Servicelink Aliquippa Title
Gonzalez Ricardo A $135,000 Surety Title Agency Of Atlan
Lawrence Sandra L $108,000 Independence Abstract & Titl
Lawrence Sandra $108,000 --
Tomlin John $67,000 --
Tomlin V John $67,000 The Title Company Of Jersey
Ciccone John $47,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gonzalez Ricardo A $123,018
Previous Owner Gonzalez Ricardo A $106,575
Previous Owner Tomlin V John $64,990
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/24/2017 08/24/17 Sold $43,000 +19.4% $32 / Sq Ft
06/13/2017 06/13/17 Pending -- -- --
05/22/2017 05/22/17 For Sale $36,000 -40.0% $27 / Sq Ft
06/14/2016 06/14/16 Sold $60,000 +71.4% $44 / Sq Ft
02/11/2016 02/11/16 Pending -- -- --
01/19/2016 01/19/16 For Sale $35,000 -- $25 / 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 $1,987 $78,600 $25,000 $53,600
2024 $1,987 $57,900 $10,000 $47,900
2023 $1,868 $57,900 $10,000 $47,900
2022 $1,868 $57,900 $10,000 $47,900
2021 $1,703 $52,900 $5,000 $47,900
2020 $1,703 $52,900 $5,000 $47,900
2019 $1,707 $52,900 $5,000 $47,900
2018 $1,647 $52,900 $5,000 $47,900
2017 $1,621 $52,900 $5,000 $47,900
2016 $1,576 $52,900 $5,000 $47,900
2015 $1,522 $52,900 $5,000 $47,900
2014 $1,574 $59,900 $7,000 $52,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1004781637

Bright MLS

APN: 12-01135-09-00015-0000-C0015