NOT LISTED FOR SALE

308 E Magnolia Ave Unit A Wildwood, NJ 08260

The Wildwoods Neighborhood

Estimated Value: $579,792 - $635,000

3 Beds
2 Baths
1,465 Sq Ft
$428/mo HOA Fee

Last Sold April 23, 2021

Last sale price $420,000 $287 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $4,319/month

3 Days on Market

Highlights

  • Property is near a beach
  • Pool View
  • Ground Level Unit
  • Island Location
  • Furnished
  • Community Pool

About This Home

As of April 2021

This is a "family only" rental building, strictly enforced. Pets permitted. Sq. Footage is taken from the tax records and has not been verified. Condo dues are collected quarterly and cover common area insurances (fire/flood/liability), common area utilities (water, sewer, electric, gas), trash and recycling services, gas grills, pool management and maintenance, landscaping and other property maintenance plus an extra amount for reserves.

Last Agent to Sell the Property

Douglas Wyckoff

eXp REALTY License #1005330 Listed on: 03/14/2021

eXp REALTY

Last Buyer's Agent

Colleen Johnston

LONG & FOSTER REAL ESTATE, INC nwnj

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,145

Year Built

  • Built in 2005

Lot Details

  • Fenced Yard

HOA Fees

  • $428 Monthly HOA Fees

Interior Spaces

  • 1,465 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Ceiling Fan
  • Drapes & Rods
  • Blinds
  • Living Room
  • Dining Room
  • Storage Room
  • Pool Views

Kitchen

  • Eat-In Kitchen
  • Oven
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Parking

  • 2 Car Garage
  • Automatic Garage Door Opener
  • Driveway
  • Assigned Parking

Outdoor Features

  • Outdoor Shower
  • Property is near a beach
  • Property near a bay

Location

  • Ground Level Unit
  • Island Location

Utilities

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

Listing and Financial Details

  • Legal Lot and Block 24 / 228

Community Details

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed

Additional Features

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,145

Year Built

Built in 2005

Lot Details

0

HOA Fees

$428 per month

Listing Details

  • Class: CONDO/TOWNHOUSE
  • Type: Condo
  • Seasonal Year Round: YEAR ROUND USAGE
  • Location: Island
  • District Township: 14-Wildwood City
  • Also Includes: Curtains, Blinds, Furniture
  • Estimated Year Built: 2005
  • Bay Proximity: 4 Blocks
  • Beach Proximity: 1 Block
  • New Construction: No
  • Pet Friendly: Owners allowed pets, Renters allowed pets
  • Second Address Number: 308
  • Price per Sq Ft: 286.69
  • Selling Agent1: 4161
  • Selling Office1: 609
  • OFFICELIST_STATE: NJ
  • Street Designation: Avenue
  • CondoFeeFrequency: Monthly
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0
  • Year Built: 2005

Interior Features

  • Appliances Included: Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Disposal, Smoke/Fire Detector
  • Number Of Stories: One
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 3
  • Estimated Living Sq Ft: 1465
  • Other Rooms: Living Room, Dining Room, Kitchen, Eat In Kitchen, Dining Area, Laundry/Utility Room, Storage Space

Garage/Parking

  • Parking: Auto Door Opener, Garage, 2 Car, Assigned Parking, Concrete Driveway

Utilities

  • Cooling: Central Air, Ceiling Fan
  • Heating: Gas Natural, Forced Air
  • Hot Water: Gas
  • Sewer: Public
  • Water: Public

Condo/Co-op/Association

  • Unit: A
  • Common Area Features: Fenced Yard, Outside Shower, Pool
  • Condo Fees: 428
  • Unit Features: Wall To Wall Carpet, Tile Floors
  • Unit Location: First Floor, Pool View

Lot Info

  • Lot Number: 24

Tax Info

  • Taxes: 6145.19
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2021
Closed on
Apr 26, 2021
Sold by
Zuniss Gregory E
Bought by
Kovuri Dilip C and Kadiri Lakshmi
Seller's Agent
Douglas Wyckoff
eXp REALTY
Buyer's Agent
Colleen Johnston
LONG & FOSTER REAL ESTATE, INC nwnj
List Price
$389,000
Sold Price
$420,000
Premium/Discount to List
$31,000
7.97%
Current Estimated Value
$605,448

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$185,448
Avg. Annual Appreciation
8.77%
Original Mortgage
$315,000
Outstanding Balance
$285,636
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$319,812

Purchase Details

Listed on
Mar 14, 2021
Closed on
Apr 23, 2021
Sold by
Zuniss Gregory E
Bought by
Kovuri Dilip C and Kadiri Lakshmi
Seller's Agent
Douglas Wyckoff
eXp REALTY
Buyer's Agent
Colleen Johnston
LONG & FOSTER REAL ESTATE, INC nwnj
List Price
$389,000
Sold Price
$420,000
Premium/Discount to List
$31,000
7.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Outstanding Balance
$285,636
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$319,812

Purchase Details

Listed on
Mar 14, 2021
Closed on
Mar 1, 2021
Sold by
Somers Richard and Somers Sylvia
Bought by
Zuniss Gregory E
Seller's Agent
Douglas Wyckoff
eXp REALTY
Buyer's Agent
Colleen Johnston
LONG & FOSTER REAL ESTATE, INC nwnj
List Price
$389,000
Sold Price
$420,000
Premium/Discount to List
$31,000
7.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Outstanding Balance
$285,636
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$319,812

Purchase Details

Closed on
Jan 7, 2011
Sold by
Federal National Mortgage Association
Bought by
Somers Richard and Somers Sylvia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
4.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 25, 2010
Sold by
Jung Stacey
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jun 21, 2006
Sold by
Trueba Tina
Bought by
Jung Stacey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
6.6%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Nov 18, 2005
Sold by
Magnolia Ave Of Wildwood Llc
Bought by
Trueba Tina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$364,900
Interest Rate
8.4%
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
Kovuri Dilip C $420,000 Surety Title
Kovuri Dilip C $420,000 Surety Title
Zuniss Gregory E $369,900 None Available
Somers Richard $210,000 Shore Title Agency
Federal National Mortgage Association -- None Available
Jung Stacey $450,000 Surety Title Corporation
Trueba Tina $364,900 Guaranteed Title Agency Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kovuri Dilip C $315,000
Closed Kovuri Dilip C $315,000
Previous Owner Zuniss Gregory E $277,425
Previous Owner Somers Richard $157,500
Previous Owner Jung Stacey $376,000
Previous Owner Jung Stacey $94,000
Previous Owner Jung Stacey $90,000
Previous Owner Jung Stacey $360,000
Previous Owner Trueba Tina $364,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/23/2021 04/23/21 Sold $420,000 +8.0% $287 / Sq Ft
03/17/2021 03/17/21 Pending -- -- --
03/14/2021 03/14/21 For Sale $389,000 +5.2% $266 / Sq Ft
03/01/2021 03/01/21 Sold $369,900 0.0% $252 / Sq Ft
01/15/2021 01/15/21 Pending -- -- --
10/16/2020 10/16/20 For Sale $369,900 -- $252 / 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 $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

  • D

    Seller's Agent in 2021

    Douglas Wyckoff

    eXp REALTY

    Section Image

  • D

    Seller's Agent in 2021

    Diane Herman

    eXp REALTY

    (973) 865-4258

    27 in this area

    27 Total Sales

    Diane Herman
    Section Image

  • C

    Buyer's Agent in 2021

    Colleen Johnston

    LONG & FOSTER REAL ESTATE, INC nwnj

    (609) 602-7471

    121 in this area

    163 Total Sales

    Colleen Johnston
    Section Image
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Map

Source: Cape May County Association of REALTORS®

MLS Number: 210905

Cape May County Association of REALTORS®

APN: 14-00228-0000-00024-02-C308A

New Jersey Cape May County Wildwood 08260 The Wildwoods

308 E Magnolia Ave Unit A, Wildwood, NJ

This home is located at 308 E Magnolia Ave Unit A, Wildwood, NJ 08260 since 14 March 2021 and is currently estimated at $605,448, approximately $413 per square foot. This property was built in 2005. 308 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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