NOT LISTED FOR SALE

318 3rd Ave Cape May, NJ 08204

Estimated Value: $1,303,000 - $2,446,000

1.15 Acres
$1,555,445 Price per Acre
50,094 Sq Ft Lot

Last Sold March 10, 2017

Last sale price $300,000

Est. 484% increase in value since last sale

Current estimated payment $10,540/month

330 Days on Market

About This Lot

As of March 2017

This home is located at 318 3rd Ave, Cape May, NJ 08204 since 08 March 2016 and is currently estimated at $1,788,762. 318 3rd Ave is a home located in Cape May County with nearby schools including West Cape May Elementary School, Richard M. Teitelman School, and Lower Cape May Regional High School.

Last Agent to Sell the Property

Gail Wilsey-Morrison, CRS, ABR

LONG & FOSTER REAL ESTATE, INC cm Listed on: 03/08/2016

Last Buyer's Agent

Ryan Griffin

deSatnick Real Estate LLC - Cape May License #0999877

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,177

Lot Details

  • Lot Dimensions are 50 x 150
  • Interior Lot
  • Cleared Lot

Listing and Financial Details

  • Legal Lot and Block 7 / 43

Property Details

Property Type

Land

Est. Annual Taxes

$3,177

Lot Details

0

Listing Details

  • Class: LOTS/LAND
  • Type: Residential Vacant Lot
  • Location: Cleared Lot, Inside Lot
  • District Township: 12-West Cape May
  • Second Address Number: 318
  • Lot Size2: 50 x 150
  • Selling Agent1: 3225
  • Selling Office1: 479
  • OFFICELIST_STATE: NJ
  • Street Designation: Avenue
  • Special Features: None
  • Property Sub Type: LotsLands

Lot Info

  • Lot Number: 7
  • Lot Size: 6000 to 10000 SqFt
  • Zoning: R
  • Topography: Cleared
  • Zoning: Residential

Tax Info

  • Taxes: 3177
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2016
Closed on
Mar 8, 2017
Sold by
Pfaff Walter and Pfaff Gladys E
Bought by
Alloco Gerard F and Alloco Linda
Seller's Agent
Gail Wilsey-Morrison, CRS, ABR
LONG & FOSTER REAL ESTATE, INC cm
Buyer's Agent
Ryan Griffin
deSatnick Real Estate LLC - Cape May
List Price
$335,000
Sold Price
$300,000
Premium/Discount to List
-$35,000
-10.45%
Current Estimated Value
$1,751,346

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,451,346
Avg. Annual Appreciation
22.41%

Purchase Details

Closed on
Jun 7, 2007
Sold by
Richwise Properties Llc
Bought by
Pfaff Walter and Pfaff Gladys E

Purchase Details

Closed on
Mar 3, 2006
Sold by
Scott Helen Wise
Bought by
Richardson Peggy
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
Alloco Gerard F $300,000 None Available
Pfaff Walter $281,000 None Available
Richardson Peggy $400,000 First American Title Ins Co
Scott Helen Wise -- First American Title Ins Co
Richwise Properties Llc -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alloco Gerard F $525,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/10/2017 03/10/17 Sold $300,000 -10.4% --
02/08/2017 02/08/17 Pending -- -- --
03/08/2016 03/08/16 For Sale $335,000 -- --
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 $11,415 $759,000 $260,000 $499,000
2024 $11,415 $759,000 $260,000 $499,000
2023 $11,544 $759,000 $260,000 $499,000
2022 $10,284 $759,000 $260,000 $499,000
2021 $9,715 $759,000 $260,000 $499,000
2020 $10,011 $759,000 $260,000 $499,000
2019 $3,260 $260,000 $260,000 $0
2018 $3,289 $260,000 $260,000 $0
2017 $3,177 $260,000 $260,000 $0
2016 $3,177 $260,000 $260,000 $0
2015 $2,987 $260,000 $260,000 $0
2014 $2,987 $260,000 $260,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 168929

Cape May County Association of REALTORS®

APN: 12 00043-0000-00007- 01