NOT LISTED FOR SALE

Estimated Value: $302,000 - $320,000

2 Beds
1 Bath
1,008 Sq Ft
$311/Sq Ft Est. Value

Sale Details

Date Sold: March 1, 2022

Last sale price $250,000 $248 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $2,310 / mo

135 Days on Market

Highlights

  • 100 Feet of Waterfront
  • Fishing Allowed
  • Wood Burning Stove
  • Private Beach
  • Lake View
  • Wood Flooring

About This Home

As of March 2022

+++Requesting best & final offers Monday, Feb 7, by 6p.+++ Now's your chance to own this charming lakefront home in Lake Gilman, located in Elk Twp, Gloucester County, NJ. One exit down from Mullica Hill. This lovely home was featured in Realtor Magazine as one of "Houses with a Past"! If you've been thinking about buying a lakefront property, but just haven't found "the one" - look no further. The moment your walk down the footbridge over a tiny creek, you'll be taken by the spectacular panoramic view of the lake. Once inside you will notice old world charm. Built in 1930, attention to detail as well as quality craftsmanship is evident from the solid wood doors, stained glass windows, French doors, and hardwood floors throughout. This 1.5 story home offers 2 nice sized bedrooms and full bath. First floor has an office w a door leading out to the lake that can also be used as a guest room. Nice size kitchen w stainless appliances and a center butcher block island w additional storage. New Roof in 2015. New Washer and Dryer 2015. New Stainless Stove and Dish Washer in 2017. Newer Refrigerator. New Oil Furnace/Hot Water Heater 2018. Central Air recently serviced, and duct work replaced. Air ducts and dryer vents cleaned in 2020. The lake community is very family-oriented ranging from old fashioned pancake breakfasts, covered dish suppers, to the legendary Lake Gilman Day. The Lake also hosts Queen of the (Mullica) Hill Women's Tri Athlon every year. Ice skate right off your bulkhead or sit lakeside alongside your bonfire. This home has so much to offer and is ideal for creating lasting memories. Lake Gilman Owners Inc has annual dues of $860 per year. In addition, there is a bond payment of $5000 due at closing. No motor/electric or gas boats permitted. Homeowner owns the land. Flood Insurance not required. +++Seller installing septic system. +++ Property being sold "as is." Home inspection for information purposes only. Seller has completed all water tests, including 3 Ps, and has passing cert(s). The water treatment system was treated in November and a nitrate tank installed as well. In addition, seller has passing chimney cert and permit. New chimney liner. Termite cert. CO passed. Septic system install complete and passed. No short-term rentals or Airbnb permitted. This home is perfect as a primary or secondary home for those looking to create lasting memories.

Last Agent to Sell the Property

Kirsten Oravec-Sullivan

(856) 887-3000 kirstenoravecrealtor@outlook.com HomeSmart First Advantage Realty License #1326483 Listed on: 09/24/2021

HomeSmart First Advantage Realty

Last Buyer's Agent

Kirsten Oravec-Sullivan

(856) 887-3000 kirstenoravecrealtor@outlook.com HomeSmart First Advantage Realty License #1326483 Listed on: 09/24/2021

HomeSmart First Advantage Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,204

Year Built

  • Built in 1930

Lot Details

  • 10,890 Sq Ft Lot
  • 100 Feet of Waterfront
  • Private Beach
  • Partially Fenced Property
  • Vinyl Fence
  • Wood Fence
  • Property is in very good condition
  • Property is zoned RE

HOA Fees

  • $72 Monthly HOA Fees

Property Views

  • Lake
  • Woods
  • Creek or Stream

Home Design

  • Cottage
  • Block Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 1,008 Sq Ft Home
  • Property has 1.5 Levels
  • Ceiling Fan
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Brick Fireplace
  • Window Treatments
  • Stained Glass
  • Family Room Off Kitchen
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Stainless Steel Appliances

Flooring

  • Wood
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Electric Dryer
  • Washer

Parking

  • 3 Parking Spaces
  • 2 Driveway Spaces
  • 1 Attached Carport Space
  • On-Street Parking

Outdoor Features

  • Canoe or Kayak Water Access
  • Private Water Access
  • Property is near a lake
  • No Personal Watercraft
  • Swimming Allowed
  • Non Powered Boats Only

Schools

  • Aura Elementary School
  • Delsea Regional Middle School
  • Delsea Regional High School

Utilities

  • Central Air
  • Heating System Uses Oil
  • Hot Water Baseboard Heater
  • Water Treatment System
  • Well
  • Oil Water Heater
  • Water Conditioner is Owned
  • Municipal Trash
  • Septic Tank

Listing and Financial Details

  • Tax Lot 00037
  • Assessor Parcel Number 04-00023-00037

Community Details

Overview

  • Association fees include common area maintenance, road maintenance, snow removal
  • $5,000 Other One-Time Fees
  • Lake Gilman Association
  • Lake Gilman Subdivision

Recreation

  • Fishing Allowed

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,204

Year Built

Built in 1930

Lot Details

0.25 Acres

HOA Fees

$72 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cottage
  • Ownership: Fee Simple
  • Exclusions: Canoe. Personal items. Kayaks. Floating Dock.
  • Home Warranty: No
  • Inclusions: Washer. Dryer. Refrigerator. Stove. Window Treatments. Ceiling Fans.
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2021-10-13
  • Federal Flood Zone: No
  • Year Built: 1930
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dryer - Electric, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer, Water Conditioner - Owned
  • Flooring Type: Ceramic Tile, Hardwood, Vinyl
  • Interior Amenities: Family Room Off Kitchen, Kitchen - Eat-In, Stain/Lead Glass, Water Treat System, Wood Floors, Stove - Wood, Ceiling Fan(s), Window Treatments
  • Fireplace Features: Brick, Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Crawl Space, Block
  • Levels Count: 1.5
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 1008
  • Living Area Sq Ft: 1008
  • Price Per Sq Ft: 248.02
  • Above Grade Finished Sq Ft: 1008
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Exterior Features: Private Beach
  • Roof: Shingle
  • View: Lake, Water, Trees/Woods, Creek/Stream
  • Water Access Features: Canoe/Kayak, Fishing Allowed, Private Access, Swimming Allowed, No Personal Watercraft (PWC), Boat - Non Powered Only
  • Water Access: Yes
  • Water Body Name: Lake Gilman
  • Water Body Type: Lake
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes
  • Water Frontage In Feet: 100

Garage/Parking

  • Carport Spaces: 1
  • Garage: No
  • Parking Features: Asphalt Driveway
  • Attached Carport Spaces: 1
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Attached Carport, Driveway, On Street
  • Number of Spaces in Driveway: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Fuel: Oil
  • Heating Type: Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Oil
  • Sewer/Septic System: Septic Exists
  • Water Source: Well
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA Fees: 860.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Road Maintenance, Snow Removal
  • HOA Name: LAKE GILMAN ASSOCIATION
  • HOA: Yes
  • Senior Community: No

Fee Information

  • Other Fees: 5000.00
  • Other Fees Frequency: One Time

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: AURA E.S.
  • High School: DELSEA REGIONAL H.S.
  • Middle Or Junior School: DELSEA REGIONAL M.S.

Green Features

  • Clean Green Assessed: No

Lot Info

  • Fencing: Partially, Vinyl, Wood
  • Improvement Assessed Value: 69400.00
  • Land Assessed Value: 97500.00
  • Lot Size Acres: 0.25
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10890.00
  • Property Condition: Very Good
  • Zoning: RE

Rental Info

  • Lease Considered: No
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 1974929
  • Tax Annual Amount: 6204.00
  • Assessor Parcel Number: 04-00023-00037
  • Tax Lot: 00037
  • Tax Data Updated: No
  • Tax Year: 2021

MLS Schools

  • School District Name: DELSEA REGIONAL HIGH SCHO SCHOOLS

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2021
Closed on
Mar 1, 2022
Sold by
Bought by
Seller's Agent
Kirsten Oravec-Sullivan
HomeSmart First Advantage Realty
Buyer's Agent
Kirsten Oravec-Sullivan
HomeSmart First Advantage Realty
List Price
$250,000
Sold Price
$250,000
Current Estimated Value
$313,181

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,181
Avg. Annual Appreciation
5.24%

Purchase Details

Listed on
Sep 24, 2021
Closed on
Jan 19, 2022
Sold by
Bought by
Seller's Agent
Kirsten Oravec-Sullivan
HomeSmart First Advantage Realty
Buyer's Agent
Kirsten Oravec-Sullivan
HomeSmart First Advantage Realty
List Price
$250,000
Sold Price
$250,000

Purchase Details

Closed on
Dec 23, 2010
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,186
Interest Rate
0.0437%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 21, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,450
Interest Rate
0.0585%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$250,000 Westcor Land Title
$3,769 Gaglione Maria D
-- Holston Macdonald Uzdavinis &
$237,200 Group 21 Title Agency
$194,450 Southern Counties
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $231,186
Previous Owner $194,450
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/01/2022 03/01/22 Sold $250,000 0.0% $248 / Sq Ft
02/07/2022 02/07/22 Pending -- -- --
02/01/2022 02/01/22 For Sale $250,000 0.0% $248 / Sq Ft
09/24/2021 09/24/21 Pending -- -- --
09/24/2021 09/24/21 For Sale $250,000 0.0% $248 / Sq Ft
12/01/2018 12/01/18 Rented $19,200 +1100.0% --
11/23/2018 11/23/18 Under Contract -- -- --
11/11/2018 11/11/18 For Rent $1,600 -- --
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $6,373 $172,800 $103,400 $69,400
2025 $6,373 $172,800 $103,400 $69,400
2024 $6,271 $172,800 $103,400 $69,400
2023 $6,271 $172,800 $103,400 $69,400
2022 $6,130 $166,900 $97,500 $69,400
2021 $5,714 $162,000 $97,500 $64,500
2020 $5,963 $162,000 $97,500 $64,500
2019 $5,779 $162,000 $97,500 $64,500
2018 $5,672 $162,000 $97,500 $64,500
2017 $5,514 $162,000 $97,500 $64,500
2016 $5,459 $162,000 $97,500 $64,500
2015 $5,302 $162,000 $97,500 $64,500
2014 $5,059 $162,000 $97,500 $64,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJGL2005210

Bright MLS

APN: 04-00023-0000-00037

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