NOT LISTED FOR SALE

401 Paradise Way Unit 401 North Wildwood, NJ 08260

The Wildwoods Neighborhood

Estimated Value: $1,323,000 - $1,623,000

4 Beds
4 Baths
3,100 Sq Ft
$483/Sq Ft Est. Value

Last Sold March 26, 2021

Last sale price $889,900 $287 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $9,135/month

189 Days on Market

Highlights

  • Boat Dock
  • New Construction
  • Cathedral Ceiling
  • Property Fronts a Bay or Harbor
  • Island Location
  • Wood Flooring

About This Home

As of March 2021

This home is located at 401 Paradise Way Unit 401, North Wildwood, NJ 08260 since 29 June 2020 and is currently estimated at $1,498,803, approximately $483 per square foot. This property was built in 2020. 401 Paradise Way Unit 401 is a home located in Cape May County with nearby schools including Margaret Mace Elementary School, Wildwood Catholic Academy, and Wildwood Catholic High School.

Last Agent to Sell the Property

Kathleen Chiolo

LONG & FOSTER REAL ESTATE, INC nww Listed on: 06/29/2020

LONG & FOSTER REAL ESTATE, INC nww

Last Buyer's Agent

Joan Morey

LONG & FOSTER REAL ESTATE, INC nww License #0562135

LONG & FOSTER REAL ESTATE, INC nww

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $11,807

Year Built

  • Built in 2020 | New Construction

Lot Details

  • 3,528

Parking

  • Attached Garage

Interior Spaces

  • 3,100 Sq Ft Home
  • 3-Story Property
  • Cathedral Ceiling
  • Fireplace
  • Entrance Foyer
  • Great Room
  • Living Room
  • Dining Area
  • Storage Room
  • Water Views

Kitchen

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

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Property near a bay
  • Bulkhead

Utilities

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

Additional Features

  • Property Fronts a Bay or Harbor
  • Island Location

Listing and Financial Details

  • Legal Lot and Block 205 / 101

Community Details

Recreation

  • Boat Dock

Pet Policy

  • Pets Allowed

Security

  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$11,807

Year Built

Built in 2020 | New Construction

Lot Details

0

Listing Details

  • Class: CONDO/TOWNHOUSE
  • Type: Townhouse
  • Seasonal Year Round: YEAR ROUND USAGE
  • Location: Bay Front, Island, Water View
  • District Township: 07-North Wildwood City
  • Estimated Year Built: 2020
  • Bay Proximity: 1 Block
  • New Construction: Yes
  • Pet Friendly: Owners allowed pets
  • Second Address Number: 401
  • Price per Sq Ft: 287.06
  • Selling Agent1: 1981
  • Selling Office1: 662
  • OFFICELIST_STATE: NJ
  • Street Designation: Way
  • CondoFeeFrequency: Monthly
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 2
  • Year Built: 2020

Interior Features

  • Appliances Included: Range, Self-Clean Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Disposal, Smoke/Fire Detector
  • Number Of Stories: Three
  • Total Bathrooms: 4.1
  • Full Bathrooms: 4
  • Bedrooms: 4
  • Estimated Living Sq Ft: 3100
  • Other Rooms: Living Room, Kitchen, Eat In Kitchen, Dining Area, Laundry/Utility Room, Great Room, Storage Space

Garage/Parking

  • Parking: Garage, Attached

Utilities

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

Condo/Co-op/Association

  • Unit: 401
  • Common Area Features: Dock/Boat Slip, Bulkhead
  • Condo Fees: Split ins.
  • Unit Features: Fireplace, Kitchen Center Island, Hardwood Floors, Wall To Wall Carpet, Cathedral Ceiling, Foyer, Tile Floors
  • Unit Location: Corner

Lot Info

  • Lot Number: 205

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2020
Closed on
Mar 30, 2021
Sold by
Paradise Cove Llc
Bought by
Koykka Lori A and Koykka Kevin P
Seller's Agent
Kathleen Chiolo
LONG & FOSTER REAL ESTATE, INC nww
Buyer's Agent
Joan Morey
LONG & FOSTER REAL ESTATE, INC nww
List Price
$889,900
Sold Price
$889,900
Current Estimated Value
$1,498,803

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$608,903
Avg. Annual Appreciation
12.52%
Original Mortgage
$539,940
Outstanding Balance
$488,555
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,010,248

Purchase Details

Closed on
Dec 23, 2020
Sold by
Paradise Cove Llc
Bought by
401-403 Paradise Way Condominium
Source: Public Records

Range of Values:

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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
Koykka Lori A $899,900 Misc Company
Koykka Lori A $899,900 Shore Title
401-403 Paradise Way Condominium -- Shore Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Koykka Kevin P $324,000
Open Koykka Lori A $539,940
Closed Koykka Lori A $539,940
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/26/2021 03/26/21 Sold $889,900 0.0% $287 / Sq Ft
01/04/2021 01/04/21 Pending -- -- --
06/29/2020 06/29/20 For Sale $889,900 -- $287 / 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 $11,807 $776,900 $225,000 $551,900
2024 $11,807 $776,900 $225,000 $551,900
2023 $11,551 $776,900 $225,000 $551,900
2022 $11,077 $776,900 $225,000 $551,900
2021 $10,253 $179,900 $179,900 $0
Source: Public Records

Agents Affiliated with this Home

  • Kathleen Chiolo

    Seller's Agent in 2021

    Kathleen Chiolo

    LONG & FOSTER REAL ESTATE, INC nww

    (609) 780-5078

    139 in this area

    144 Total Sales

    Kathleen Chiolo
    Section Image

  • J

    Buyer's Agent in 2021

    Joan Morey

    LONG & FOSTER REAL ESTATE, INC nww

    (609) 368-3005

    152 in this area

    160 Total Sales

    Joan Morey
    Section Image
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Map

Source: Cape May County Association of REALTORS®

MLS Number: 202195

Cape May County Association of REALTORS®

APN: 07 00101-0000-00002- 05-C0401

New Jersey Cape May County North Wildwood 08260 The Wildwoods

401 Paradise Way Unit 401, North Wildwood, NJ

This home is located at 401 Paradise Way Unit 401, North Wildwood, NJ 08260 since 29 June 2020 and is currently estimated at $1,498,803, approximately $483 per square foot. This property was built in 2020. 401 Paradise Way Unit 401 is a home located in Cape May County with nearby schools including Margaret Mace Elementary School, Wildwood Catholic Academy, and Wildwood Catholic High School.

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