NOT LISTED FOR SALE

312 E Leaming Ave Wildwood, NJ 08260

The Wildwoods Neighborhood

Estimated Value: $704,000 - $883,000

5 Beds
2 Baths
1,296 Sq Ft
$594/Sq Ft Est. Value

Last Sold September 28, 2018

Last sale price $317,500 $245 Per Sq Ft

Est. 142% increase in value since last sale

Current estimated payment $4,735/month

48 Days on Market

Highlights

  • Water Views
  • Deck
  • Eat-In Kitchen
  • Building is beachfront but unit may not have water views
  • Porch
  • Patio

About This Home

As of September 2018

The first floor has year round tenants paying $950. monthly plus utilities, an excellent source of income. Tenants have been in place for five years and would like to stay on if possible. They take very good care of the property. 24 HOURS NOTICE NECESSARY TO SHOW. NO EXCEPTIONS Sellers Disclosure in Associated Docs.

Last Agent to Sell the Property

Bobbie Gallo

LEES REAL ESTATE Listed on: 06/16/2018

Co-Listed By

Robert Craig

LEES REAL ESTATE

Last Buyer's Agent

Joan Morey

LONG & FOSTER REAL ESTATE, INC nww License #0562135

LONG & FOSTER REAL ESTATE, INC nww

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,077

Year Built

  • Built in 1930

Lot Details

  • Lot Dimensions are 40x100
  • Building is beachfront but unit may not have water views

Home Design

  • Duplex

Interior Spaces

  • Partially Furnished
  • Living Room
  • Storage Room
  • Laundry Room
  • Water Views
  • Crawl Space
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Parking

  • 3 Parking Spaces
  • Driveway

Outdoor Features

  • Outdoor Shower
  • Deck
  • Patio
  • Outdoor Storage
  • Porch

Utilities

  • Forced Air Zoned Cooling and Heating System
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Electric Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Legal Lot and Block 11 / 25

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,077

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Type: Duplex
  • Location: Beach Block
  • District Township: 14-Wildwood City
  • Near: Beach and Boardwalk
  • Also Includes: Partial Furniture
  • Estimated Year Built: 1930
  • New Construction: No
  • Listing Office2: 53
  • Lot Size2: 40x100
  • OFFICELIST_STATE: NJ
  • Street Designation: Avenue
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1930

Interior Features

  • Total Bathrooms: 2
  • Basement: Crawl Space
  • Other Rooms: Living Room, Eat In Kitchen, Laundry/Utility Room, Storage Space

Exterior Features

  • Outside Features: Patio, Deck, Porch, Storage Building, Outside Shower, Waterview

Garage/Parking

  • Parking: 3 Car, Concrete Driveway

Utilities

  • Cooling: Central Air, Multi Zoned
  • Heating: Gas Natural, Electric, Forced Air, Heat Pump
  • Hot Water: Electric
  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 11
  • Lot Size: 1 to 6000 SqFt
  • Zoning: HM

Tax Info

  • Taxes: 7076.68
  • Tax Year: 2017

Multi Family

  • Number Of Units: 2
  • Total Rent: $950m

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2018
Closed on
Oct 5, 2018
Sold by
Maher Sedra
Bought by
Rand Paul and Rand Peter
Seller's Agent
Bobbie Gallo
LEES REAL ESTATE
Buyer's Agent
Joan Morey
LONG & FOSTER REAL ESTATE, INC nww
List Price
$335,000
Sold Price
$317,500
Premium/Discount to List
-$17,500
-5.22%
Current Estimated Value
$769,654

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$452,154
Avg. Annual Appreciation
12.84%
Original Mortgage
$225,000
Outstanding Balance
$197,085
Interest Rate
4.71%
Estimated Equity
$572,569

Purchase Details

Closed on
Sep 20, 2014
Sold by
Sedra Maher
Bought by
Sedra Maher and Sedra Sohair

Purchase Details

Closed on
Oct 2, 2008
Sold by
Sedra Maher and Sedra Sohair
Bought by
Sedra Maher

Purchase Details

Closed on
Dec 28, 2001
Sold by
Mickahail Albert
Bought by
Sedra Maher and Sedra Sohair

Purchase Details

Closed on
May 22, 2000
Sold by
Abbonizia Jean J
Bought by
Kinder David J

Purchase Details

Closed on
Jan 29, 1997
Sold by
Lobianco Anthony D
Bought by
Sedra Maher and Mickahail Albert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
7.65%
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
Rand Paul $317,500 --
Sedra Maher -- None Available
Sedra Maher -- None Available
Sedra Maher $73,615 --
Kinder David J $160,000 --
Kinder David J $160,000 --
Sedra Maher $105,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rand Paul $225,000
Closed Rand Paul --
Previous Owner Sedra Maher $75,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/28/2018 09/28/18 Sold $317,500 -5.2% $245 / Sq Ft
08/29/2018 08/29/18 Pending -- -- --
06/16/2018 06/16/18 For Sale $335,000 -- $258 / 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 $8,871 $295,600 $208,400 $87,200
2024 $8,871 $295,600 $208,400 $87,200
2023 $8,658 $295,600 $208,400 $87,200
2022 $8,371 $295,600 $208,400 $87,200
2021 $8,144 $295,600 $208,400 $87,200
2020 $7,952 $295,600 $208,400 $87,200
2019 $7,668 $295,600 $208,400 $87,200
2018 $7,387 $295,600 $208,400 $87,200
2017 $7,498 $313,200 $226,000 $87,200
2016 $7,279 $313,200 $226,000 $87,200
2015 $7,163 $313,200 $226,000 $87,200
2014 $7,078 $313,200 $226,000 $87,200
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2018

    Bobbie Gallo

    LEES REAL ESTATE

    (609) 374-0640

    26 in this area

    29 Total Sales

    Bobbie Gallo
    Section Image

  • R

    Seller Co-Listing Agent in 2018

    Robert Craig

    LEES REAL ESTATE

  • J

    Buyer's Agent in 2018

    Joan Morey

    LONG & FOSTER REAL ESTATE, INC nww

    (609) 368-3005

    152 in this area

    159 Total Sales

    Joan Morey
    Section Image
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Map

Source: Cape May County Association of REALTORS®

MLS Number: 182508

Cape May County Association of REALTORS®

APN: 14-00025-0000-00011

New Jersey Cape May County Wildwood 08260 The Wildwoods

312 E Leaming Ave, Wildwood, NJ

Not Listed for Sale

MultiFamily

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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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