NOT LISTED FOR SALE

321-323 Erma Ln Cape May, NJ 08204

Estimated Value: $344,000 - $399,000

2 Beds
1 Bath
-- Sq Ft
10,019 Sq Ft Lot

Last Sold May 29, 2015

Last sale price $142,500

Est. 162% increase in value since last sale

Current estimated payment $2,282/month

25 Days on Market

Highlights

  • Ranch Style House
  • Sun or Florida Room
  • Living Room
  • Wood Flooring
  • Eat-In Kitchen
  • Outdoor Shower

About This Home

As of May 2015

Great single family home on an immense corner lot in Erma close to the county's shopping hub. This priced to sell cottage showcases a living room with hardwood floors open to the eat-in kitchen. Down the main hall you'll find full bath and two bedrooms. Rear kitchen door leads to Florida Room for additional seasonal living space. In 2009 these sellers have installed new heating and air conditioning system, new kitchen, and will install a brand new septic system prior to settlement! Great opportunity for first time homebuyers looking for affordable living in Lower Township, complete with fenced-in yard and just a short drive to Cape May beaches and Delaware Bay!

Last Agent to Sell the Property

Kenneth "Ken" Germann

deSatnick Real Estate LLC - Lower Township Listed on: 04/04/2015

Co-Listed By

Micah Yerk

deSatnick Real Estate LLC - Lower Township

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,375

Year Built

  • Built in 1967

Lot Details

  • 10,019

Home Design

  • Ranch Style House
  • Vinyl Siding

Interior Spaces

  • Window Treatments
  • Living Room
  • Sun or Florida Room
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

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

Additional Features

  • Outdoor Shower
  • Cleared Lot

Listing and Financial Details

  • Legal Lot and Block 1 / 459

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,375

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Cleared Lot, Mainland
  • District Township: 05-Lower Township
  • Also Includes: Window Treatments
  • Estimated Year Built: 1967
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1967

Interior Features

  • Appliances Included: Range, Microwave Oven, Refrigerator, Dishwasher
  • Interior Amenities: Wood Flooring, Wall to Wall Carpet
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Bedrooms: 2
  • Total Rooms: 5
  • Basement: Crawl Space
  • Other Rooms: Living Room, Eat-In-Kitchen, Florida Room

Exterior Features

  • Construction: Ranch
  • Exterior: Vinyl
  • Frontage: 100
  • House Color: White
  • Outside Features: Outside Shower

Utilities

  • Cooling: Central Air Condition
  • Heating: Gas Natural, Forced Air
  • Hot Water: Gas- Natural
  • Sewer: Septic
  • Water: Well

Lot Info

  • Lot Number: 1
  • Lot Size: 100X100
  • Total Assessment: 146100
  • Lot Size Range: 10000-20000 SqFt

Tax Info

  • Taxes: > 2375.58

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 20, 2019
Sold by
Mastalski Jenifer and Payne Andrew
Bought by
Mcmonagle Francis C and Martin Ashley A
Current Estimated Value
$373,966

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Outstanding Balance
$136,682
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$200,055

Purchase Details

Listed on
Apr 4, 2015
Closed on
May 29, 2015
Sold by
Cassidy Bian and Smith Christine E
Bought by
Mastalski Jenifer and Payne Andrew
Seller's Agent
Kenneth "Ken" Germann
deSatnick Real Estate LLC - Lower Township
List Price
$145,000
Sold Price
$142,500
Premium/Discount to List
-$2,500
-1.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.73%
Original Mortgage
$138,380
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 10, 2009
Sold by
Veneziano Rudolfo
Bought by
Cassidy Brian and Smith Christine E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,800
Interest Rate
4.92%
Mortgage Type
New Conventional
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
Mcmonagle Francis C $175,000 Shore Title
Mastalski Jenifer $142,500 The Title Company Of Nj
Cassidy Brian $151,000 The Title Company Of Jersey
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcmonagle Francis C $66,000
Open Mcmonagle Francis C $155,000
Previous Owner Mastalski Jenifer $138,380
Previous Owner Cassidy Brian $120,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2015 05/29/15 Sold $142,500 -1.7% --
04/29/2015 04/29/15 Pending -- -- --
04/04/2015 04/04/15 For Sale $145,000 -- --
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 $2,973 $209,600 $90,000 $119,600
2024 $2,973 $146,100 $90,000 $56,100
2023 $2,928 $146,100 $90,000 $56,100
2022 $2,839 $146,100 $90,000 $56,100
2021 $2,747 $146,100 $90,000 $56,100
2020 $2,706 $146,100 $90,000 $56,100
2019 $2,633 $146,100 $90,000 $56,100
2018 $2,571 $146,100 $90,000 $56,100
2017 $2,573 $146,100 $90,000 $56,100
2016 $2,538 $146,100 $90,000 $56,100
2015 $2,456 $146,100 $90,000 $56,100
2014 $2,376 $146,100 $90,000 $56,100
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2015

    Kenneth "Ken" Germann

    deSatnick Real Estate LLC - Lower Township

  • M

    Seller Co-Listing Agent in 2015

    Micah Yerk

    deSatnick Real Estate LLC - Lower Township

See All Agents

Map

Source: Cape May County Association of REALTORS®

MLS Number: 163392

Cape May County Association of REALTORS®

APN: 05-00459-0000-00001

New Jersey Cape May County Cape May 08204

321-323 Erma Ln, Cape May, NJ

This home is located at 321-323 Erma Ln, Cape May, NJ 08204 since 04 April 2015 and is currently estimated at $373,966. This property was built in 1967. 321-323 Erma Ln is a home located in Cape May County with nearby schools including Carl T. Mitnick School, David C. Douglass Veterans Memorial School, and Maud Abrams School.

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