NOT LISTED FOR SALE

362 Corson Ln Cape May, NJ 08204

Estimated Value: $314,000 - $503,000

3 Beds
2 Baths
1,772 Sq Ft
$236/Sq Ft Est. Value

Last Sold July 08, 2019

Last sale price $160,000 $90 Per Sq Ft

Est. 161% increase in value since last sale

Current estimated payment $2,741/month

56 Days on Market

Highlights

  • Deck
  • 1.5 Car Attached Garage
  • Living Room
  • Porch
  • Eat-In Kitchen
  • Laundry Room

About This Home

As of July 2019

"All offers must be submitted via PropOffers.com. Buyer's Agent is to pay a $175 Offer Management Fee at closing of any accepted offer." "All offers encouraged and considered in this order: Not for Profit, Owner Occupants (including as a 2nd home), & Investors. Offers will be reviewed after 7 DOM." "Investor offers acceptable with the following criteria: a. Documentation they are based in same county as the listed property (bank statements, articles of incorporation, etc.). b. Contractually agree (via addendum) to lead abatement consistent with state/federal laws and regulations, if applicable. c. Document there are no outstanding code enforcement issues with local building department" Seller acquired the Property either as a result of foreclosure proceedings or by acceptance of a deed in lieu of foreclosure or otherwise from or through a foreclosing lender. Seller is unaware of the condition of the Property and makes no guarantees or warranties of any kind, express or implied, as to: the physical condition of the Property, the conditions or existence of, improvements, services, appliances, systems (including septic and well), the presence of any hazardous substances, or to the merchant-ability or fitness for a particular purpose as to, on, or of Property. Neither Seller nor any person acting as Seller's representative has occupied the Property and neither warrants or represents that the Property or any alterations or additions which may have been made to the Property conform to local building codes, zoning requirements or any other applicable laws, rules or regulations. The Property is being sold in "As-Is" condition. Buyer or buyer's agent is responsible for ordering all inspections required by local code and any cost of the inspections along with any corrections required by local code is the responsibility of the buyer. Buyer to verify square footage of lot and building, zoning and structure of the building.

Last Listed By

Richard Cammarano

CENTURY 21 ALLIANCE wc Listed on: 04/19/2019

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,386

Year Built

  • Built in 1995

Lot Details

  • Lot Dimensions are 120x125

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,772 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Dining Room
  • Crawl Space
  • Eat-In Kitchen
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • 1.5 Car Attached Garage
  • Driveway

Outdoor Features

  • Deck
  • Porch

Utilities

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

Listing and Financial Details

  • Legal Lot and Block 35 / 383

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,386

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • District Township: 05-Lower Township
  • Estimated Year Built: 1995
  • New Construction: No
  • Second Address Number: 362
  • Lot Size2: 120x125
  • Price per Sq Ft: 90.29
  • Selling Agent1: 5365
  • Selling Office1: 802
  • OFFICELIST_STATE: NJ
  • Street Designation: Lane
  • Special Features: 20
  • Property Sub Type: Detached
  • Year Built: 1995

Interior Features

  • Total Bathrooms: 2.1
  • Full Bathrooms: 2
  • Bedrooms: 3
  • Total Rooms: 8
  • Basement: Crawl Space
  • Estimated Living Sq Ft: 1772
  • Other Rooms: Living Room, Dining Room, Recreation/Family, Eat-In-Kitchen, Laundry/Utility Room

Exterior Features

  • Construction: Two Story
  • Exterior: Vinyl
  • Outside Features: Deck, Porch

Garage/Parking

  • Parking Garage: Garage, 1.5 Car, Attached, Concrete Driveway

Utilities

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

Lot Info

  • Lot Number: 35
  • Lot Size: 10000-20000 SqFt

Tax Info

  • Taxes: 4385.92

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 27, 2018
Sold by
Barnes Edward W and Barens Keran L
Bought by
Njcc Fund 5 T
Total Days on Market
56
Current Estimated Value
$418,134

Purchase Details

Closed on
Aug 6, 2004
Sold by
Finocchiaro Anthony G and Finocchiaro Jayne
Bought by
Barnes Edward W and Barnes Koren L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,900
Interest Rate
6.16%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Apr 1, 1993
Sold by
Mccartney John A
Bought by
Finocchiaro Anthony G and Finocchiaro Jayne

Purchase Details

Closed on
Sep 13, 1990
Sold by
Carusi Mary R
Bought by
Mccarmey John A

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
Njcc Fund 5 T $86,000 --
Barnes Edward W $284,900 The Title Company Of Jersey
Finocchiaro Anthony G $20,000 --
Mccarmey John A $15,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rutty Lyle W $144,000
Closed Rutty Lyle W $144,000
Previous Owner Barnes Koren L $86,000
Previous Owner Barnes Edward W $245,520
Previous Owner Barnes Edward W $50,000
Previous Owner Barnes Edward W $244,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2019 07/08/19 Sold $160,000 -8.5% $90 / Sq Ft
06/14/2019 06/14/19 Pending -- -- --
04/19/2019 04/19/19 For Sale $174,900 -- $99 / 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
2024 $5,071 $249,200 $99,600 $149,600
2023 $4,994 $249,200 $99,600 $149,600
2022 $4,842 $249,200 $99,600 $149,600
2021 $4,685 $249,200 $99,600 $149,600
2020 $4,615 $249,200 $99,600 $149,600
2019 $4,491 $249,200 $99,600 $149,600
2018 $4,386 $249,200 $99,600 $149,600
2017 $4,388 $249,200 $99,600 $149,600
2016 $4,329 $249,200 $99,600 $149,600
2015 $4,189 $249,200 $99,600 $149,600
2014 $4,052 $249,200 $99,600 $149,600
Source: Public Records

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Source: Cape May County Association of REALTORS®

MLS Number: 187360

Cape May County Association of REALTORS®

APN: 05-00483-0000-00035