NOT LISTED FOR SALE

400 Commonwealth Ave Strathmere, NJ 08248

Estimated Value: $3,358,428 - $3,780,000

5 Beds
4 Baths
4,000 Sq Ft
$883/Sq Ft Est. Value

Last Sold October 18, 2024

Last sale price $3,260,000 $815 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $22,816/month

433 Days on Market

Highlights

  • Ocean Front
  • Deck
  • Wood Flooring
  • Ocean City Primary School Rated A
  • Cathedral Ceiling
  • Furnished

About This Home

As of October 2024

PRICE REDUCTION ....NOW $4,250,000......BEACH FRONT ----SPECTACULAR VIEWS ! This is the home you've be dreaming of located on an oversized lot nestled in the dunes with views of the bay, inlet, ocean and skyline of Ocean City and Atlantic City. Custom designed and built to make this one of the Trophy Homes at The Jersey Shore located just north of Avalon and Sea Isle City in Strathmere. The home features an extremely large primary suite with private deck, gas fireplace and sitting area, 3 stop elevator, 6 decks, 5 bedrooms, 4 baths, living room with stone fireplace, family area with wet bar, and oversized kitchen with dining area. The attached 2 car garage plus storage garage for beach toys, kayaks, chairs and beach gear gives you plenty of storage. 11/1/23 New Septic System has been installed and approved by Cape May County. Recent price reduction. Watch for this home to be featured on Magnolia TV

Last Agent to Sell the Property

Mike Ternosky

BHHS FOX and ROACH-Sea Isle City License #7820954 Listed on: 06/28/2023

BHHS FOX and ROACH-Sea Isle City

Last Buyer's Agent

AGENT NON-MEMBER

NON-MEMBER OFFICE License #00000

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1992

Lot Details

  • Lot Dimensions are 133 x 100
  • Ocean Front
  • Property Fronts a Bay or Harbor
  • Fenced

Home Design

  • Stucco

Interior Spaces

  • 3-Story Property
  • Elevator
  • Furnished
  • Bar
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Drapes & Rods
  • Blinds
  • Great Room
  • Dining Area
  • Water Views

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Intercom
  • Storm Screens
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 2 Car Garage
  • Automatic Garage Door Opener

Accessible Home Design

  • Handicap Accessible

Outdoor Features

  • Outdoor Shower
  • Deck
  • Patio

Utilities

  • Forced Air Zoned Cooling and Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Septic Tank

Home Details

Home Type

Single Family

Year Built

Built in 1992

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 3 Story
  • Age: 25+ Years
  • Also Includes: Blinds, Curtains, Drapes, Furnished
  • Year Built: 1992
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Electric Stove, Intercom, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Built-In, Gas Log
  • Flooring: Hardwood, Tile, W/W Carpet
  • Interior Amenities: Bar, Cathedral Ceiling, Carbon Monoxide Detector, Elevator, Kitchen Center Island, Security System, Smoke/Fire Alarm, Walk In Closet
  • Bedrooms: 5
  • Full Bathrooms: 4
  • Other Rooms: Dining Area, Eat In Kitchen, Great Room

Exterior Features

  • Outside Features: Deck, Fenced Yard, Handicap Access, Outside Shower, Patio, Enclosed Outside Shower
  • Siding Exterior: Stucco
  • Storm Screens: Combination

Garage/Parking

  • Driveway: Concrete
  • Garage: Two Car, Auto Door Opener
  • Parking Exterior: Three Or More Cars

Utilities

  • Air Conditioner: Ceiling Fan(s), Central, Multi-Zoned
  • Heating: Forced Air, Gas-Natural
  • Sewer: Septic
  • Water: Public
  • Water Heater: Gas

Lot Info

  • Location: Bay Front, Ocean Front, Water View
  • Lot Dimensions: 133 X 100
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2023
Closed on
Oct 18, 2024
Sold by
Tigani F Gregory F and Tigani Judy
Bought by
Piazza Daniel J
Seller's Agent
Mike Ternosky
BHHS FOX and ROACH-Sea Isle City
Buyer's Agent
AGENT NON-MEMBER
NON-MEMBER OFFICE
List Price
$4,250,000
Sold Price
$3,260,000
Premium/Discount to List
-$990,000
-23.29%
Views
826
Current Estimated Value
$3,532,357

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$272,357
Avg. Annual Appreciation
7.36%
Original Mortgage
$2,445,000
Outstanding Balance
$2,418,005
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$1,114,352

Purchase Details

Listed on
Oct 12, 2015
Closed on
Apr 14, 2016
Sold by
Faber Maureen H and Brancifort Kathleen
Bought by
Tigani Tigani F and Tigani Judy
Seller's Agent
Bruce Riordan
RIORDAN REAL ESTATE INC.
List Price
$2,749,000
Sold Price
$2,500,000
Premium/Discount to List
-$249,000
-9.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.16%

Purchase Details

Closed on
Dec 29, 2003
Sold by
Monaghan Patricia N
Bought by
Monaghan Patricia N and Monaghan John M

Purchase Details

Closed on
Jun 15, 2001
Sold by
Lord Albert L
Bought by
Monaghan John M and Monaghan Patricia N

Purchase Details

Closed on
Jul 28, 1992
Sold by
Realty Exchange Services Inc
Bought by
Lord Albert L and Lord Suzanne D

Purchase Details

Closed on
Jul 22, 1992
Sold by
Bonner James F and Bonner Anne
Bought by
Realty Exchange Services Inc

Purchase Details

Closed on
Jun 9, 1992
Sold by
Bonner James F and Bonner Anna
Bought by
Atlantic City Electric & Nj Bell

Purchase Details

Closed on
Apr 10, 1992
Sold by
Griffin Mary Ellen
Bought by
Bonner James F and Bonner Anne
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Piazza Daniel J $3,260,000 Seaboard Title
Piazza Daniel J $3,260,000 Seaboard Title
Tigani Tigani F $2,500,000 None Available
Monaghan Patricia N -- --
Monaghan John M $1,837,500 --
Monaghan John M $1,837,500 --
Lord Albert L $800,000 --
Realty Exchange Services Inc -- --
Atlantic City Electric & Nj Bell -- --
Bonner James F $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Piazza Daniel J $2,445,000
Closed Piazza Daniel J $2,445,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/18/2024 10/18/24 Sold $3,260,000 -23.3% $815 / Sq Ft
09/03/2024 09/03/24 Pending -- -- --
06/25/2024 06/25/24 For Sale $4,250,000 0.0% $1,063 / Sq Ft
06/25/2024 06/25/24 Price Changed $4,250,000 +30.4% $1,063 / Sq Ft
06/20/2024 06/20/24 Off Market $3,260,000 -- --
02/16/2024 02/16/24 Price Changed $4,500,000 -9.1% $1,125 / Sq Ft
06/28/2023 06/28/23 For Sale $4,950,000 +98.0% $1,238 / Sq Ft
04/14/2016 04/14/16 Sold $2,500,000 -9.1% $625 / Sq Ft View Prior Sale
03/15/2016 03/15/16 Pending -- -- --
10/12/2015 10/12/15 For Sale $2,749,000 -- $687 / Sq Ft
Source: South Jersey Shore Regional MLS

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 $50,830 $2,288,600 $1,015,000 $1,273,600
2024 $50,830 $2,288,600 $1,015,000 $1,273,600
2023 $48,267 $2,288,600 $1,015,000 $1,273,600
2022 $46,642 $2,288,600 $1,015,000 $1,273,600
2021 $23,279 $2,288,600 $1,015,000 $1,273,600
2020 $43,232 $2,288,600 $1,015,000 $1,273,600
2019 $42,179 $2,288,600 $1,015,000 $1,273,600
2018 $41,080 $2,288,600 $1,015,000 $1,273,600
2017 $40,623 $2,288,600 $1,015,000 $1,273,600
2016 $24,509 $1,360,100 $1,015,000 $345,100
2015 $23,856 $1,360,100 $1,015,000 $345,100
2014 $20,062 $1,400,000 $1,000,000 $400,000
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2024

    Mike Ternosky

    BHHS Fox & Roach

    Section Image

  • A

    Buyer's Agent in 2024

    AGENT NON-MEMBER

    NON-MEMBER OFFICE

  • B

    Seller's Agent in 2016

    Bruce Riordan

    RIORDAN REAL ESTATE INC.

    (609) 827-0135

    27 in this area

    37 Total Sales

    Bruce Riordan
    Section Image

  • B

    Seller Co-Listing Agent in 2016

    BRIAN W RIORDAN

    RIORDAN REAL ESTATE INC.

    (609) 263-3235

    32 in this area

    45 Total Sales

    BRIAN W RIORDAN
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 579720

South Jersey Shore Regional MLS

APN: 11-00866-0000-00008-02

New Jersey Cape May County Strathmere 08243

400 Commonwealth Ave, Strathmere, NJ

Not Listed for Sale

Detached

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