NOT LISTED FOR SALE

302 E Magnolia Ave Unit A Wildwood, NJ 08260

The Wildwoods Neighborhood

Estimated Value: $587,000 - $693,000

3 Beds
2 Baths
1,465 Sq Ft
$415/mo HOA Fee

Last Sold June 04, 2021

Last sale price $460,000 $314 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $4,406/month

6 Days on Market

Highlights

  • Furnished
  • 2 Car Attached Garage
  • Forced Air Heating and Cooling System
  • Community Pool
  • Parking Storage or Cabinetry

About This Home

As of June 2021

CONTRACTS ARE OUT, ALL OTHER OFFERS WOULD BE CONSIDERED FOR BACK UP PURPOSES ONLY! GREAT LOCATION! One block from the beach and boardwalk, come check out this 3 Bedroom 2 Bathroom open floor plan Condo in Wildwood. Offering BRAND NEW LUXURY VINYL WATER PROOF FLOORS , Brand new QUARTZ counter tops and stainless steel appliances. Take advantage of 2 off street parking spots in the attached garage which offers an extra private storage area. Outdoor personal shower to rinse the sand off from a long beach day or enjoy a day by the POOL. This condo is being offered FULLY FURNISHED and ready to go. This property offers great rental income up to 40,000 per summer! And is rented out for summer 2021 starting May 21st- September 6th. New Buyers must honor these weeks. July 17Th - July 31st are open for new owners to enjoy themselves or can also be rented out. Schedule your showing now!

Last Agent to Sell the Property

Julie Medany

Lamb Realty Listed on: 04/28/2021

Last Buyer's Agent

Patrick Halliday

BHHS Fox & Roach West Ave - Ocean City

BHHS Fox & Roach West Ave - Ocean City

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,373

Year Built

  • Built in 2005

Lot Details

  • 0.38

HOA Fees

  • $415 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Storage or Cabinetry

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,465 Sq Ft Home
  • Property has 1 Level
  • Furnished

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Utilities

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

Listing and Financial Details

  • Tax Lot 00024 02
  • Assessor Parcel Number 14-00228-00024 02-C302A

Community Details

Overview

  • Association fees include exterior building maintenance, lawn maintenance, pool(s), road maintenance
  • East Magnolia Condos HOA
  • Low-Rise Condominium
  • Wildwood City Subdivision

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,373

Year Built

Built in 2005

Lot Details

0

HOA Fees

$415 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Unit/Flat
  • Ownership: Condominium
  • Inclusions: Fully Furnished, All appliances, Window treatments
  • New Construction: No
  • Story List: Main
  • Year Built: 2005
  • Automatically Close On Close Date: No
  • Remarks Public: CONTRACTS ARE OUT, ALL OTHER OFFERS WOULD BE CONSIDERED FOR BACK UP PURPOSES ONLY! GREAT LOCATION! One block from the beach and boardwalk, come check out this 3 Bedroom 2 Bathroom open floor plan Condo in Wildwood. Offering BRAND NEW LUXURY VINYL WATER PROOF FLOORS , Brand new QUARTZ counter tops and stainless steel appliances. Take advantage of 2 off street parking spots in the attached garage which offers an extra private storage area. Outdoor personal shower to rinse the sand off from a long beach day or enjoy a day by the POOL. This condo is being offered FULLY FURNISHED and ready to go. This property offers great rental income up to 40,000 per summer! And is rented out for summer 2021 starting May 21st- September 6th. New Buyers must honor these weeks. July 17Th - July 31st are open for new owners to enjoy themselves or can also be rented out. Schedule your showing now!
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 2
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Has Laundry
  • Total Sq Ft: 1465
  • Living Area Sq Ft: 1465
  • Price Per Sq Ft: 313.99
  • Above Grade Finished Sq Ft: 1465
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 302

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Additional Storage Area
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 415.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Ext Bldg Maint, Lawn Maintenance, Pool(s), Road Maintenance
  • HOA Name: EAST MAGNOLIA CONDOS
  • HOA: Yes
  • Senior Community: No

Schools

  • School District: WILDWOOD CITY SCHOOLS
  • School District Key: 300200396652
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 146900.00
  • Land Assessed Value: 90000.00
  • Lot Dimensions: 184.00 x 90.00
  • Year Assessed: 2020
  • Zoning: R-3

Rental Info

  • Furnished: Yes
  • Pets: Size/Weight Restriction
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4798361
  • Tax Annual Amount: 6373.00
  • Assessor Parcel Number: 14-00228-00024 02-C302A
  • Tax Lot: 00024 02
  • Tax Total Finished Sq Ft: 1465
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 06/04/2021

MLS Schools

  • School District Name: WILDWOOD CITY SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2021
Closed on
Jun 4, 2021
Sold by
Medany Christopher and Medany Julie
Bought by
Sowers Donald B and Sowers Thaisa
Seller's Agent
Julie Medany
Lamb Realty
Buyer's Agent
Patrick Halliday
BHHS Fox & Roach West Ave - Ocean City
List Price
$430,000
Sold Price
$460,000
Premium/Discount to List
$30,000
6.98%
Current Estimated Value
$623,974

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$163,974
Avg. Annual Appreciation
7.47%
Original Mortgage
$300,000
Outstanding Balance
$272,203
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$351,771

Purchase Details

Closed on
Dec 1, 2005
Sold by
Merriman Mark W and Merriman Gilda P
Bought by
Landin Javier R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,600
Interest Rate
5.93%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Oct 14, 2005
Sold by
Magnolia Ave Of Wildwood Llc
Bought by
Merriman Mark W and Merriman Gilda P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$358,400
Interest Rate
7.37%
Mortgage Type
Fannie Mae Freddie Mac
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
Sowers Donald B $460,000 Freedom Title
Sowers Donald B $460,000 Freedom Title
Landin Javier R $448,000 Surety Title Corporation
Merriman Mark W $364,900 Guaranteed Title Agency Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sowers Donald B $300,000
Closed Sowers Donald B $300,000
Previous Owner Medany Christopher $30,000
Previous Owner Landin Javier R $89,600
Previous Owner Landin Javier R $358,400
Previous Owner Merriman Mark W $346,655
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/04/2021 06/04/21 Sold $460,000 +7.0% $314 / Sq Ft
05/04/2021 05/04/21 Pending -- -- --
04/28/2021 04/28/21 For Sale $430,000 -- $294 / 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 $7,109 $236,900 $90,000 $146,900
2024 $7,109 $236,900 $90,000 $146,900
2023 $6,939 $236,900 $90,000 $146,900
2022 $6,709 $236,900 $90,000 $146,900
2021 $6,527 $236,900 $90,000 $146,900
2020 $6,373 $236,900 $90,000 $146,900
2019 $6,145 $236,900 $90,000 $146,900
2018 $5,920 $236,900 $90,000 $146,900
2017 $5,671 $236,900 $90,000 $146,900
2016 $5,506 $236,900 $90,000 $146,900
2015 $5,418 $236,900 $90,000 $146,900
2014 $5,354 $236,900 $90,000 $146,900
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Julie Medany

    Lamb Realty

    (856) 994-2540

    4 in this area

    8 Total Sales

    Julie Medany
    Section Image
  • Patrick Halliday

    Buyer's Agent in 2021

    Patrick Halliday

    BHHS Fox & Roach West Ave - Ocean City

    (609) 602-3917

    32 in this area

    362 Total Sales

    Patrick Halliday
    Section Image
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Map

Source: Bright MLS

MLS Number: NJCM104970

Bright MLS

APN: 14-00228-0000-00024-02-C302A

New Jersey Cape May County Wildwood 08260 The Wildwoods

302 E Magnolia Ave Unit A, Wildwood, NJ

This home is located at 302 E Magnolia Ave Unit A, Wildwood, NJ 08260 since 28 April 2021 and is currently estimated at $623,974, approximately $425 per square foot. This property was built in 2005. 302 E Magnolia Ave Unit A is a home located in Cape May County with nearby schools including Glenwood Avenue Elementary School, Wildwood Middle School, and Wildwood High School.

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