NOT LISTED FOR SALE

Estimated Value: $969,000 - $1,397,000

13 Beds
5 Baths
-- Sq Ft
1.43 Acres

Last Sold December 31, 2021

Last sale price $610,000

Est. 83% increase in value since last sale

Current estimated payment $6,715/month

31 Days on Market

Highlights

  • Building is beachfront but unit may not have water views
  • Furnished
  • Breakfast Area or Nook
  • Island Location
  • Great Room
  • Porch

About This Home

As of December 2021

Seasonal tenants would come back for the 2022 Season . Please call with any questions . Property must be seen to appreciate all the possibilities . Photos Coming 10/22/2021

Last Agent to Sell the Property

Jill Fluharty

LONG & FOSTER REAL ESTATE, INC nwnj Listed on: 10/19/2021

Last Buyer's Agent

Joseph Rullo

CAPE ISLANDS REALTY, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,686

Year Built

  • Built in 1935

Lot Details

  • Lot Dimensions are 62x100
  • Building is beachfront but unit may not have water views

Home Design

  • Quadruplex

Interior Spaces

  • Furnished
  • Ceiling Fan
  • Great Room
  • Living Room
  • Dining Room
  • Storage Room
  • Finished Basement

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 5 Bathrooms

Parking

  • 3 Parking Spaces
  • Driveway

Outdoor Features

  • Outdoor Shower
  • Patio
  • Outdoor Storage
  • Porch

Location

  • Island Location

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Cable TV Available

Community Details

  • 4 Units

Listing and Financial Details

  • Legal Lot and Block 12 / 264

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,686

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Type: Four-Plex
  • Location: Beach Block, Island
  • District Township: 07-North Wildwood City
  • Near: Beach
  • Also Includes: Furniture
  • Estimated Year Built: 1935
  • Beach Proximity: 2 Blocks
  • New Construction: No
  • Second Address Number: 321
  • Lot Size2: 62X100
  • Selling Agent1: 5085
  • Selling Office1: 628
  • OFFICELIST_STATE: NJ
  • Street Designation: Avenue
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1935

Interior Features

  • Total Bathrooms: 5
  • Basement: Finished
  • Other Rooms: Living Room, Dining Room, Kitchen, Eat In Kitchen, Breakfast Nook, Dining Area, Library/Study, Great Room, Storage Space

Exterior Features

  • Outside Features: Patio, Porch, Storage Building, Cable TV, Sidewalks, Outside Shower

Garage/Parking

  • Parking: 3 Car, Concrete Driveway

Utilities

  • Cooling: Ceiling Fan, Wall Air Conditioning
  • Heating: Gas Natural, Electric
  • Hot Water: Gas
  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 12
  • Lot Size: 6001 to 10000 SqFt

Tax Info

  • Taxes: 6686
  • Tax Year: 2020

Multi Family

  • Number Of Units: 4
  • Total Rent: 52500

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2021
Closed on
Jan 14, 2022
Sold by
Taylor Randy G and Taylor Lori A
Bought by
Bristow Christopher A and Bristow Margaret M
Seller's Agent
Jill Fluharty
LONG & FOSTER REAL ESTATE, INC nwnj
Buyer's Agent
Joseph Rullo
CAPE ISLANDS REALTY, LLC
List Price
$699,000
Sold Price
$610,000
Premium/Discount to List
-$89,000
-12.73%
Current Estimated Value
$1,114,964

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$504,964
Avg. Annual Appreciation
16.20%
Original Mortgage
$457,500
Interest Rate
3.22%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 11, 2014
Closed on
May 29, 2015
Sold by
Gushea Paul A and Gushea Patricia A
Bought by
321 E 19Th Ave Properties Llc
Seller's Agent
Diane Buscham
RE/MAX SURFSIDE
List Price
$429,000
Sold Price
$360,000
Premium/Discount to List
-$69,000
-16.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.32%

Purchase Details

Closed on
Apr 29, 2005
Sold by
Passo Amy and Smith Craig
Bought by
Capone Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$528,000
Interest Rate
5.5%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 1, 2004
Sold by
Premier Custom Homes Llc
Bought by
Serba Eugene and Serba Diana K

Purchase Details

Closed on
Jun 30, 2004
Sold by
Premier Custom Homes Llc
Bought by
Gangemi Thomas F and Gangemi Claire E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,700
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 6, 1999
Sold by
Hanigan Gerald
Bought by
Gushea Paul A and Gushea Patricia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,500
Interest Rate
8.11%
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
Bristow Christopher A $610,000 Shore Title
321 E 19Th Ave Properties Llc $360,000 Shore Title Agency
Capone Mary $660,000 The Title Company Of Jersey
Serba Eugene $250,000 --
Gangemi Thomas F $440,000 The Title Company Of Jersey
Passo Amy $419,900 The Title Company Of Jersey
Vanzandt W Scott $400,000 The Title Company Of Jersey
Gushea Paul A $145,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bristow Christopher A $1,000,000
Closed Bristow Christopher A $457,500
Previous Owner Taylor Randy G $330,000
Previous Owner Capone Mary K $250,000
Previous Owner Gushea Paul A $160,073
Previous Owner Gushea Paul A $27,965
Previous Owner Capone Mary $528,000
Previous Owner Passo Amy $333,700
Previous Owner Gangemi Thomas F $350,000
Previous Owner Gushea Paul A $130,080
Previous Owner Gushea Paul A $30,000
Previous Owner Gushea Paul A $94,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/31/2021 12/31/21 Sold $610,000 -12.7% --
11/19/2021 11/19/21 Pending -- -- --
10/19/2021 10/19/21 For Sale $699,000 +58.9% --
04/20/2020 04/20/20 Sold $440,000 -8.3% --
10/21/2018 10/21/18 For Sale $479,900 +33.3% --
05/29/2015 05/29/15 Sold $360,000 -16.1% --
04/29/2015 04/29/15 Pending -- -- --
08/11/2014 08/11/14 For Sale $429,000 -- --
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 $7,681 $494,900 $265,400 $229,500
2024 $7,681 $494,900 $265,400 $229,500
2023 $7,518 $494,900 $265,400 $229,500
2022 $7,216 $494,900 $265,400 $229,500
2021 $6,934 $494,900 $265,400 $229,500
2020 $6,686 $494,900 $265,400 $229,500
2019 $6,463 $494,900 $265,400 $229,500
2018 $6,280 $494,900 $265,400 $229,500
2017 $6,147 $494,900 $265,400 $229,500
2016 $6,028 $494,900 $265,400 $229,500
2015 $5,759 $532,700 $352,800 $179,900
2014 -- $532,700 $352,800 $179,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 213921

Cape May County Association of REALTORS®

APN: 07-00264-0000-00012