NOT LISTED FOR SALE

306 E Magnolia Ave Unit A Wildwood, NJ 08260

The Wildwoods Neighborhood

Estimated Value: $564,000 - $682,000

3 Beds
2 Baths
-- Sq Ft
0.38 Acres

Last Sold May 12, 2017

Last sale price $292,000

Est. 111% increase in value since last sale

Current estimated payment $3,920/month

159 Days on Market

Highlights

  • Corner Lot
  • Ground Level Unit
  • Fenced Yard
  • Furnished
  • Community Pool
  • Living Room

About This Home

As of May 2017

Seller signed a contract with a home sale contingency & kick out clause. Each Unit rents approx. $28,000 to $30,000 per season. Square footage obtained through tax records. The dining set is being swapped out for another set on or about March 5th.

Last Agent to Sell the Property

Kathleen Harron

RE/MAX SURFSIDE Listed on: 11/04/2016

Last Buyer's Agent

William Hanrahan

KELLER WILLIAMS REALTY JERSEY SHORE oc License #1222762

KELLER WILLIAMS REALTY JERSEY SHORE oc

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,306

Year Built

  • Built in 2005

Lot Details

  • 0.38

Interior Spaces

  • 1-Story Property
  • Furnished
  • Blinds
  • Living Room
  • Dining Area
  • Storage Room

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Garage
  • Assigned Parking

Utilities

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

Additional Features

  • Outdoor Shower
  • Fenced Yard
  • Ground Level Unit

Community Details

  • Community Pool

Listing and Financial Details

  • Legal Lot and Block 24 / 228

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,306

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Class: CONDO/TOWNHOUSE
  • Type: Condo
  • Seasonal Year Round: YEAR ROUND USAGE
  • District Township: 14-Wildwood City
  • Also Includes: Shades, Blinds, Rugs, Furniture
  • Estimated Year Built: 2005
  • Beach Proximity: 2 Blocks
  • New Construction: No
  • Second Address Number: 306
  • Selling Agent1: 4107
  • Selling Office1: 579
  • OFFICELIST_STATE: NJ
  • Street Designation: Avenue
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0
  • Year Built: 2005

Interior Features

  • Appliances Included: Range, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher
  • Number Of Stories: One
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 3
  • Other Rooms: Living Room, Kitchen, Dining Area, Storage Space

Garage/Parking

  • Parking: Garage, 2 Car, Assigned Parking

Utilities

  • Cooling: Central Air
  • Heating: Gas Natural, Forced Air
  • Hot Water: Gas
  • Sewer: City
  • Water: City

Condo/Co-op/Association

  • Unit: A
  • Common Area Features: Fenced Yard, Outside Shower, Pool
  • Condo Fees: $336/mo
  • Unit Location: Corner, First Floor

Lot Info

  • Lot Number: 24
  • Zoning: R3

Tax Info

  • Taxes: 5306
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 13, 2021
Sold by
Chomko Jeffrey J and Chomko Jennifer
Bought by
Lomartire Francesco S and Lomartire Regina M
Current Estimated Value
$614,731

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$379,822
Outstanding Balance
$346,863
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$267,868

Purchase Details

Listed on
Nov 4, 2016
Closed on
May 9, 2017
Sold by
Lavish Thomas and Lavish Kelly
Bought by
Chomko Jeffrey J and Chomko Jennifer
Seller's Agent
Kathleen Harron
RE/MAX SURFSIDE
Buyer's Agent
William Hanrahan
KELLER WILLIAMS REALTY JERSEY SHORE oc
List Price
$315,000
Sold Price
$292,000
Premium/Discount to List
-$23,000
-7.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.38%
Original Mortgage
$233,600
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 21, 2005
Sold by
Magnolia Ave Of Wildwood Llc
Bought by
Lavish Thomas and Lavish Kelly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,400
Interest Rate
5.85%
Mortgage Type
Fannie Mae Freddie Mac
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
Lomartire Francesco S $474,777 Surety Title
Chomko Jeffrey J $292,000 None Available
Lavish Thomas $388,000 Guaranteed Title Agency Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lomartire Francesco S $379,822
Previous Owner Chomko Jeffrey J $224,000
Previous Owner Chomko Jeffrey J $233,600
Previous Owner Lavish Thomas $310,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2017 05/12/17 Sold $292,000 -7.3% --
04/12/2017 04/12/17 Pending -- -- --
11/04/2016 11/04/16 For Sale $315,000 -- --
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 $6,851 $228,300 $90,000 $138,300
2024 $6,851 $228,300 $90,000 $138,300
2023 $6,687 $228,300 $90,000 $138,300
2022 $6,465 $228,300 $90,000 $138,300
2021 $4,680 $228,300 $90,000 $138,300
2020 $6,141 $228,300 $90,000 $138,300
2019 $5,922 $228,300 $90,000 $138,300
2018 $5,705 $228,300 $90,000 $138,300
2017 $5,466 $228,300 $90,000 $138,300
2016 $5,306 $228,300 $90,000 $138,300
2015 $5,221 $228,300 $90,000 $138,300
2014 $5,160 $228,300 $90,000 $138,300
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2017

    Kathleen Harron

    RE/MAX SURFSIDE

  • William Hanrahan

    Buyer's Agent in 2017

    William Hanrahan

    KELLER WILLIAMS REALTY JERSEY SHORE oc

    (484) 786-3883

    41 Total Sales

    William Hanrahan
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Map

Source: Cape May County Association of REALTORS®

MLS Number: 173318

Cape May County Association of REALTORS®

APN: 14-00228-0000-00024-02-C306A

New Jersey Cape May County Wildwood 08260 The Wildwoods

306 E Magnolia Ave Unit A, Wildwood, NJ

This home is located at 306 E Magnolia Ave Unit A, Wildwood, NJ 08260 since 04 November 2016 and is currently estimated at $614,731. This property was built in 2005. 306 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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