NOT LISTED FOR SALE

400 Commonwealth Ave Strathmere, NJ 08248

Upper Area

Estimated Value: $3,025,000 - $3,955,000

5 Beds
4 Baths
4,000 Sq Ft
$897/Sq Ft Est. Value

Sale Details

Date Sold: October 18, 2024

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

Est. 10% increase in value since last sale

Current estimated payment $23,910 / mo

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

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 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

0.31 Acres

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

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
Jun 28, 2023
Closed on
Oct 18, 2024
Sold by
Bought by
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
825
Current Estimated Value
$3,586,451

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$326,451
Avg. Annual Appreciation
5.29%
Original Mortgage
$2,445,000
Outstanding Balance
$2,394,773
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$1,191,678

Purchase Details

Listed on
Oct 12, 2015
Closed on
Apr 14, 2016
Sold by
Bought by
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
Bought by

Purchase Details

Closed on
Jun 15, 2001
Sold by
Bought by

Purchase Details

Closed on
Jul 28, 1992
Sold by
Bought by

Purchase Details

Closed on
Jul 22, 1992
Sold by
Bought by

Purchase Details

Closed on
Jun 9, 1992
Sold by
Bought by

Purchase Details

Closed on
Apr 10, 1992
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Strathmere, NJ

  • Alexander Huffard Real Estate Agent - KELLER WILLIAMS REALTY ATLANTIC SHORE-BRIGANTINE

    Alexander Huffard

    KELLER WILLIAMS REALTY ATLANTIC SHORE-BRIGANTINE

    (609) 849-3274

    85 Total Sales

    4 in Upper

    $400K - $540K Price Range

    Alexander Huffard
     Section Image
  • Jack Yao Real Estate Agent - Realmart Realty, LLC

    Jack Yao

    Realmart Realty, LLC

    (732) 838-6992

    1,394 Total Sales

    1 in Upper

    $310,000 Price

    Jack Yao
     Section Image
  • Mary Hinchcliffe Real Estate Agent - deSatnick Real Estate LLC - Cape May

    Mary Hinchcliffe

    deSatnick Real Estate LLC - Cape May

    (609) 849-3356

    59 Total Sales

    2 in Upper

    $265K - $340K Price Range

    Mary Hinchcliffe
     Section Image
  • Regina Nese Santos Real Estate Agent - REAL - GALLOWAY

    Regina Nese Santos

    Responds Quickly

    REAL - GALLOWAY

    (856) 702-2921

    65 Total Sales

    2 in Upper

    $420K - $440K Price Range

    Regina Nese Santos
     Section Image
  • Eric Millstein Real Estate Agent - Soleil Sotheby's International Realty - A

    Eric Millstein

    Responds Quickly

    Soleil Sotheby's International Realty - A

    (609) 739-9829

    150 Total Sales

    1 in Upper

    $385,000 Price

    Eric Millstein
     Section Image
  • Peter Madden Real Estate Agent - GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

    Peter Madden

    GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

    (609) 798-7451

    142 Total Sales

    2 in Upper

    $311K - $400K Price Range

    Peter Madden
     Section Image
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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
$3,260,000 Seaboard Title
$2,500,000 None Available
-- --
$1,837,500 --
$1,837,500 --
$800,000 --
-- --
-- --
$100,000 --
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
Open $2,445,000
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 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

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 $50,830 $2,288,600 $1,015,000 $1,273,600
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

  • MT

    Seller's Agent in 2024

    Mike Ternosky

    BHHS Fox & Roach

    Section Image

  • AN

    Buyer's Agent in 2024

    AGENT NON-MEMBER

    NON-MEMBER OFFICE

  • BR

    Seller's Agent in 2016

    Bruce Riordan

    RIORDAN REAL ESTATE INC.

    (609) 827-0135

    30 Total Sales

    Bruce Riordan
    Section Image

  • BR

    Seller Co-Listing Agent in 2016

    BRIAN W RIORDAN

    RIORDAN REAL ESTATE INC.

    (609) 263-3235

    37 Total Sales

    BRIAN W RIORDAN
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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

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

South Jersey Shore Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
© 2026 South Jersey Shore Regional Multiple Listing Service. All rights reserved.

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