NOT LISTED FOR SALE

308 S Commonwealth Ave Strathmere, NJ 08248

Estimated Value: $884,819 - $1,147,000

3 Beds
1 Bath
1,200 Sq Ft
$830/Sq Ft Est. Value

Last Sold April 09, 2021

Last sale price $585,000 $488 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $5,880/month

55 Days on Market

Highlights

  • Property is near a beach
  • Island Location
  • Deck
  • Ocean City Primary School Rated A
  • Cape Cod Architecture
  • Wood Burning Stove

About This Home

As of April 2021

This home is located at 308 S Commonwealth Ave, Strathmere, NJ 08248 since 19 November 2020 and is currently estimated at $995,955, approximately $829 per square foot. 308 S Commonwealth Ave is a home located in Cape May County with nearby schools including Ocean City Primary School, Ocean City Intermediate School, and Ocean City High School.

Last Agent to Sell the Property

BRIAN W RIORDAN

RIORDAN REAL ESTATE INC. Listed on: 11/19/2020

Co-Listed By

Bruce Riordan

RIORDAN REAL ESTATE INC.

Last Buyer's Agent

John DiGenni

BERKSHIRE HATHAWAY HS FOX & ROACH sic

BERKSHIRE HATHAWAY HS FOX & ROACH sic

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,547

Lot Details

  • Lot Dimensions are 50'x60'
  • Fenced Yard
  • Cleared Lot
  • Property is zoned RR

Home Design

  • Cape Cod Architecture
  • Vinyl Siding

Interior Spaces

  • 1,200 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Wood Burning Stove
  • Drapes & Rods
  • Blinds
  • Living Room
  • Storage
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Stove
  • Range
  • Microwave

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Property is near a beach
  • Property near a bay
  • Deck
  • Outdoor Storage
  • Porch

Location

  • Island Location

Utilities

  • Baseboard Heating
  • Natural Gas Water Heater
  • Water Heated On Demand

Listing and Financial Details

  • Legal Lot and Block 7 / 837

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,547

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Cleared Lot, Island
  • District Township: 11-Upper Township
  • Near: Beach
  • Also Includes: Drapes, Curtains, Shades, Blinds, Rugs, Furniture
  • Bay Proximity: 1 Block
  • Beach Proximity: 1 Block
  • New Construction: No
  • Listing Office2: 392
  • Lot Size2: 50'x60'
  • OFFICELIST_STATE: NJ
  • Street Designation: Avenue
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances Included: Range, Oven, Self-Clean Oven, Microwave Oven, Refrigerator, Washer, Dryer, Smoke/Fire Detector, Stove Natural Gas
  • Interior Amenities: Smoke/Fire Alarm, Storage, Wood Burning Stove, Laminate Flooring, Vinyl Flooring
  • Total Bathrooms: 1.1
  • Full Bathrooms: 1
  • Bedrooms: 3
  • Total Rooms: 7
  • Basement: Crawl Space
  • Estimated Living Sq Ft: 1200
  • Other Rooms: Living Room, Kitchen, Eat-In-Kitchen, Laundry/Utility Room

Exterior Features

  • Construction: Cape Cod
  • Exterior: Vinyl
  • Frontage: 50
  • Outside Features: Deck, Porch, Fenced Yard, Storage Building, Outside Shower

Utilities

  • Cooling: Ceiling Fan
  • Heating: Electric, Baseboard
  • Hot Water: Gas- Natural, On Demand
  • Sewer: Septic
  • Water: City

Lot Info

  • Lot Number: 7
  • Lot Size: 1 to 6000 SqFt
  • Total Assessment: 346600
  • Zoning: RR

Tax Info

  • Taxes: 6547
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2020
Closed on
Apr 9, 2021
Sold by
Barbara Ann Lewis Irt
Bought by
Hanson Robert P and Hanson Anne D
Seller's Agent
BRIAN W RIORDAN
RIORDAN REAL ESTATE INC.
Buyer's Agent
John DiGenni
BERKSHIRE HATHAWAY HS FOX & ROACH sic
List Price
$625,000
Sold Price
$585,000
Premium/Discount to List
-$40,000
-6.4%
Current Estimated Value
$995,955

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$410,955
Avg. Annual Appreciation
12.10%
Original Mortgage
$468,000
Outstanding Balance
$423,222
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$572,733

Purchase Details

Closed on
Dec 19, 2011
Sold by
Lewis Barbara A
Bought by
Lewis Barbara A and Lewis Robert J

Purchase Details

Closed on
May 25, 2006
Sold by
Lewis Robert J
Bought by
Lewis Barbara A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hanson Robert P $585,000 None Available
Hanson Robert P $585,000 None Listed On Document
Lewis Barbara A -- None Available
Lewis Barbara A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hanson Robert P $468,000
Closed Hanson Robert P $468,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/09/2021 04/09/21 Sold $585,000 -6.4% $488 / Sq Ft
01/13/2021 01/13/21 Pending -- -- --
11/19/2020 11/19/20 For Sale $625,000 -- $521 / 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 $7,694 $357,400 $297,200 $60,200
2024 $7,694 $346,400 $297,200 $49,200
2023 $7,310 $346,600 $297,200 $49,400
2022 $7,064 $346,600 $297,200 $49,400
2021 $5,039 $346,600 $297,200 $49,400
2020 $6,547 $346,600 $297,200 $49,400
2019 $6,388 $346,600 $297,200 $49,400
2018 $6,221 $346,600 $297,200 $49,400
2017 $6,152 $346,600 $297,200 $49,400
2016 $6,246 $346,600 $297,200 $49,400
2015 $6,079 $346,600 $297,200 $49,400
2014 $6,189 $431,900 $357,000 $74,900
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2021

    BRIAN W RIORDAN

    RIORDAN REAL ESTATE INC.

    (609) 263-3235

    32 in this area

    45 Total Sales

    BRIAN W RIORDAN
    Section Image

  • B

    Seller Co-Listing Agent in 2021

    Bruce Riordan

    RIORDAN REAL ESTATE INC.

    (609) 827-0135

    27 in this area

    37 Total Sales

    Bruce Riordan
    Section Image
  • John DiGenni

    Buyer's Agent in 2021

    John DiGenni

    BERKSHIRE HATHAWAY HS FOX & ROACH sic

    (609) 374-6426

    2 in this area

    23 Total Sales

    John DiGenni
    Section Image
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Map

Source: Cape May County Association of REALTORS®

MLS Number: 204512

Cape May County Association of REALTORS®

APN: 11-00837-0000-00007

New Jersey Cape May County Strathmere 08248

308 S Commonwealth Ave, Strathmere, NJ

Not Listed for Sale

Detached

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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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