NOT LISTED FOR SALE

3505 Shore Dr Villas, NJ 08251

Estimated Value: $1,377,000 - $1,887,000

4 Beds
3 Baths
2,295 Sq Ft
$708/Sq Ft Est. Value

Last Sold May 07, 2015

Last sale price $945,000 $412 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $9,838/month

37 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • Cathedral Ceiling
  • Den
  • Deck
  • Wood Flooring
  • Skylights

About This Home

As of May 2015

There's nothing quite like owning a home on the water and the true heart of this waterfront property is the expansive north to south unobstructed water views. Add beautiful sunsets in your backyard and you have made a very special purchase. This quintessential beach house sits on a 75 x 125 lot, has 4 bedrooms 3.5 baths inclusive of a junior suite on the 1st floor and a spacious master on the 2nd. The master tub even has a wide water view and room for two! The open concept great room provides exceptional entertaining space and opens to the 2nd level recently expanded deck. The 1st level covered deck gives quests a private retreat and outdoor space in inclement weather. The sandy path in the backyard leads to the dog friendly beaches which are quite spacious at low tide. This Cape May beach location is close enough to downtown Cape May for restaurants and entertainment. The home is on a quiet street with no cut through traffic, is surrounded by low maintenance landscape and is a 10 minute walk to the 250 acre nature preserve for hiking and biking. The current owners have loving maintained the property and have made many upgrades in recent years. A new garage door was also recently installed. City water & sewer, gas heat. There is a rental history with many repeat renters. Easy to show!

Last Agent to Sell the Property

Maureen Hoey

Tim Kerr Sotheby's International Realty License #0342475 Listed on: 03/01/2015

Co-Listed By

Stacey Burns

Tim Kerr Sotheby's International Realty License #9482957

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,460

Year Built

  • Built in 1988

Lot Details

  • Property Fronts a Bay or Harbor

Interior Spaces

  • 2,295 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • Wood Burning Fireplace
  • Living Room
  • Dining Room
  • Den
  • Storage
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 1 Car Attached Garage
  • Automatic Garage Door Opener
  • Driveway

Outdoor Features

  • Outdoor Shower
  • Deck

Utilities

  • Forced Air Zoned Cooling and Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 5 / 512

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,460

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Bay Front, Water Front
  • District Township: 05-Lower Township
  • Near: on the Delaware bay
  • Estimated Year Built: 1988
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1988

Interior Features

  • Appliances Included: Range, Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Smoke/Fire Detector
  • Interior Amenities: Cathedral Ceilings, Wood Flooring, Kitchen Center Island, Skylight, Storage, Wall to Wall Carpet, Fireplace- Wood, Tile Flooring
  • Total Bathrooms: 3.1
  • Full Bathrooms: 3
  • Bedrooms: 4
  • Total Rooms: 7
  • Basement: Crawl Space
  • Estimated Living Sq Ft: 2295
  • Other Rooms: Living Room, Dining Room, Kitchen, Den/TV Room, Laundry/Utility Room

Exterior Features

  • Construction: Two Story
  • House Color: grey
  • Outside Features: Deck, Cable TV, Outside Shower

Garage/Parking

  • Parking Garage: Garage, 1 Car, Attached, Auto Door Opener, Concrete Driveway

Utilities

  • Cooling: Central Air Condition, Ceiling Fan, Multi Zoned
  • Heating: Gas Natural, Forced Air
  • Hot Water: Gas- Natural
  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 5
  • Lot Size: 75x125
  • Lot Size Range: 10000-20000 SqFt

Tax Info

  • Tax Database Id: 1
  • Taxes: > 12460
  • Assessor Parcel Number: 05005120014000050000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2015
Closed on
May 7, 2015
Sold by
Dearmond Clarence and De Armond Janet L
Bought by
Etropolski Velitchko and Etropolski Mila
Seller's Agent
Maureen Hoey
Tim Kerr Sotheby's International Realty
List Price
$945,000
Sold Price
$945,000
Current Estimated Value
$1,624,503

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$679,503
Avg. Annual Appreciation
5.31%
Original Mortgage
$650,000
Outstanding Balance
$508,602
Interest Rate
4.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,115,901

Purchase Details

Closed on
Aug 1, 2006
Sold by
Morgan Carla S
Bought by
Dearmond Clarence and Dearmond Janet L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,000
Interest Rate
6.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 24, 1992
Sold by
Huntington John D and Huntington Theresa M
Bought by
Mckeever Robert P and Carla Morgan
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
Etropolski Velitchko $945,000 Surety Title
Dearmond Clarence $950,000 Seaboard Title Agency
Mckeever Robert P $315,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Etropolski Velitchko $650,000
Previous Owner Dearmond Clarence $234,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/07/2015 05/07/15 Sold $945,000 0.0% $412 / Sq Ft
04/07/2015 04/07/15 Pending -- -- --
03/01/2015 03/01/15 For Sale $945,000 -- $412 / 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 $16,025 $790,200 $519,800 $270,400
2024 $16,025 $790,200 $519,800 $270,400
2023 $15,796 $790,200 $519,800 $270,400
2022 $15,314 $790,200 $519,800 $270,400
2021 $14,856 $790,200 $519,800 $270,400
2020 $14,619 $790,200 $519,800 $270,400
2019 $14,255 $790,200 $519,800 $270,400
2018 $13,915 $790,200 $519,800 $270,400
2017 $13,931 $790,200 $519,800 $270,400
2016 $13,718 $790,200 $519,800 $270,400
2015 $12,882 $766,800 $519,800 $247,000
2014 -- $766,800 $519,800 $247,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 162583

Cape May County Association of REALTORS®

APN: 05-00512-14-00005