$811,000
SOLD DEC 27, 2024
3 Beds
2 Baths
1,599 Sq Ft
$567/mo HOA Fee

Recently Sold

$507 Per Sq Ft

7% Below List Price

182 Days on Market

Highlights

  • Water Views
  • Building is beachfront but unit may not have water views
  • Clubhouse
  • Property is near a beach
  • Island Location
  • Community Pool

About This Home

As of December 2024

This home is located at 407 E Monterey Ave Unit 203, Wildwood Crest, NJ 08260 and is currently priced at $811,000, approximately $507 per square foot. This property was built in 2009. 407 E Monterey Ave Unit 203 is a home located in Cape May County with nearby schools including Crest Memorial School, Wildwood Catholic Academy, and Wildwood Catholic High School.

Last Agent to Sell the Property

Jessica Lees

LEES REAL ESTATE License #9803301 Listed on: 05/18/2024

Last Buyer's Agent

Anthony Chiolo

KELLER WILLIAMS REALTY JERSEY SHORE wc

KELLER WILLIAMS REALTY JERSEY SHORE wc

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,172

Year Built

  • Built in 2009

HOA Fees

  • $567 Monthly HOA Fees

Interior Spaces

  • 1,599 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Blinds
  • Living Room
  • Dining Area
  • Storage Room
  • Water Views

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Parking

  • 2 Parking Spaces
  • Carport
  • Assigned Parking

Outdoor Features

  • Outdoor Shower
  • Property is near a beach

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Building is beachfront but unit may not have water views
  • Island Location

Listing and Financial Details

  • Legal Lot and Block 7 / 118.02

Community Details

Amenities

  • Building Patio
  • Community Deck or Porch
  • Clubhouse
  • Elevator

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed

Additional Features

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,172

Year Built

Built in 2009

Lot Details

0

HOA Fees

$567 per month

Listing Details

  • Class: CONDO/TOWNHOUSE
  • Type: Condo
  • Seasonal Year Round: YEAR ROUND USAGE
  • Location: Beach Block, Island, Water View
  • District Township: 15-Wildwood Crest
  • Near: Beach
  • Also Includes: Blinds
  • Estimated Year Built: 2009
  • Beach Proximity: 1 Block
  • New Construction: No
  • Capital Contribution: Yes
  • Pet Friendly: Owners allowed pets
  • OFFICELIST_STATE: NJ
  • Street Designation: Avenue
  • CondoFeeFrequency: Monthly
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0
  • Year Built: 2009

Interior Features

  • Appliances Included: Range, Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Smoke/Fire Detector
  • Number Of Stories: One
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 3
  • Estimated Living Sq Ft: 1599
  • Other Rooms: Living Room, Kitchen, Dining Area, Laundry/Utility Room, Storage Space

Garage/Parking

  • Parking: Carport, 2 Car, Assigned Parking

Utilities

  • Cooling: Central Air, Ceiling Fan
  • Heating: Electric, Forced Air
  • Hot Water: Electric
  • Sewer: City
  • Water: City

Condo/Co-op/Association

  • Common Area Features: Elevator, Patio, Deck/Porch, Storage Facilities, Outside Shower, Pool, Clubhouse/Clubroom
  • Condo Fees: $567/mo.
  • Unit Features: Kitchen Center Island, Wall To Wall Carpet, Tile Floors
  • Unit Location: Water View

Lot Info

  • Lot Number: 7
  • Zoning: M-1B

Tax Info

  • Taxes: 7171.5
  • Tax Year: 2022-2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2024
Closed on
Dec 27, 2024
Sold by
Keough Timothy J and Keough Veronica
Bought by
Ortizzo Saverio and Ortizzo Kristin
Seller's Agent
Jessica Lees
LEES REAL ESTATE
Buyer's Agent
Anthony Chiolo
KELLER WILLIAMS REALTY JERSEY SHORE wc
List Price
$875,000
Sold Price
$811,000
Premium/Discount to List
-$64,000
-7.31%
Views
179
Current Estimated Value
$858,855

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,855
Avg. Annual Appreciation
6.29%
Original Mortgage
$608,250
Outstanding Balance
$602,971
Interest Rate
6.84%
Mortgage Type
New Conventional
Estimated Equity
$255,884

Purchase Details

Listed on
Nov 30, 2016
Closed on
Mar 16, 2017
Sold by
Gyanani Mulchand P
Bought by
Keough Timothy J and Keough Veronica
Seller's Agent
Jaqueline Bada-Gaffney
LONG & FOSTER REAL ESTATE, INC nww
Buyer's Agent
Larry Sarlo
Tesla Realty Group, LLC
List Price
$499,000
Sold Price
$460,000
Premium/Discount to List
-$39,000
-7.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.59%
Original Mortgage
$368,000
Interest Rate
4.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 21, 2011
Sold by
Montery Avenue Associates L P
Bought by
Gyanani Mulchand P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,750
Interest Rate
4.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
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 Type Sale Price Title Company
Deed $811,000 Foundation Title
Deed $811,000 Foundation Title
Deed $811,000 Foundation Title
Deed $460,000 None Available
Deed $583,000 Freedom Title & Abstract
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $608,250 New Conventional
Closed $608,250 New Conventional
Previous Owner $368,000 New Conventional
Previous Owner $378,750 Adjustable Rate Mortgage/ARM
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/27/2024 12/27/24 Sold $811,000 -3.4% $507 / Sq Ft
11/16/2024 11/16/24 Pending -- -- --
10/08/2024 10/08/24 Price Changed $839,900 -1.2% $525 / Sq Ft
08/08/2024 08/08/24 Price Changed $849,900 -1.2% $532 / Sq Ft
07/02/2024 07/02/24 Price Changed $860,000 -1.7% $538 / Sq Ft
05/18/2024 05/18/24 For Sale $875,000 +90.2% $547 / Sq Ft
03/30/2017 03/30/17 Sold $460,000 -7.8% $288 / Sq Ft View Prior Sale
02/28/2017 02/28/17 Pending -- -- --
11/30/2016 11/30/16 For Sale $499,000 -- $312 / 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 $7,492 $525,000 $325,000 $200,000
2024 $7,492 $525,000 $325,000 $200,000
2023 $7,382 $525,000 $325,000 $200,000
2022 $7,172 $525,000 $325,000 $200,000
2021 $6,962 $525,000 $325,000 $200,000
2020 $6,767 $525,000 $325,000 $200,000
2019 $6,715 $525,000 $325,000 $200,000
2018 $6,605 $525,000 $325,000 $200,000
2017 $6,473 $525,000 $325,000 $200,000
2016 $6,269 $525,000 $325,000 $200,000
2015 $6,174 $525,000 $325,000 $200,000
2014 $6,038 $525,000 $325,000 $200,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 241511

Cape May County Association of REALTORS®

APN: 15-00118-02-00007-0000-C0203