NOT LISTED FOR SALE

407 E Monterey Ave Unit 502 Wildwood, NJ 08260

The Wildwoods Neighborhood

Estimated Value: $1,065,388 - $1,242,000

3 Beds
2.5 Baths
-- Sq Ft
0.33 Acres

Last Sold October 05, 2016

Last sale price $705,000

Est. 68% increase in value since last sale

Current estimated payment $7,048/month

5 Days on Market

Highlights

  • Water Views
  • Building is beachfront but unit may not have water views
  • Deck
  • Unit is on the top floor
  • Clubhouse
  • Living Room with Fireplace

About This Home

As of October 2016

BEACH BLOCK with OCEAN View! Large Top Floor Unit on the east side of the building. This gorgeous 3 bedroom 2.5 bath with Den residence is not your typical beach condo, it is a home! Enjoy the views of the ocean with un-obstructive views inside the residence or on your own spacious PRIVATE BALCONY. Amenities include a ROOF TOP POOL, elevator, private owner storage, and two covered assigned parking spots.

Last Agent to Sell the Property

Linda Novelli

Compass Real Estate-Margate Listed on: 08/28/2016

Compass Real Estate-Margate

Last Buyer's Agent

Vincent Novelli

Compass Real Estate-Margate

Compass Real Estate-Margate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,919

Lot Details

  • 0.33

Parking

  • 2 Car Garage

Interior Spaces

  • 3-Story Property
  • Entrance Foyer
  • Living Room with Fireplace
  • Dining Area
  • Water Views

Kitchen

  • Self-Cleaning Oven
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Central Air
  • Heating Available

Additional Features

  • Handicap Accessible
  • Deck
  • Building is beachfront but unit may not have water views
  • Unit is on the top floor

Community Details

Overview

  • Association fees include management

Amenities

  • Clubhouse
  • Elevator
  • Community Storage Space

Recreation

  • Community Pool

Pet Policy

  • Pet Restriction

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,919

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Lvt Date: 09/02/2016
  • Age: 6 To 10 Years
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Three To Five
  • Unit Location: Top Floor
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Appliances: Dryer, Disposal, Dishwasher, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Living Room
  • Bedrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Other Rooms: Dining Area, Laundry/Utility Room
  • Common Area Features: Clubhouse/Clubroom, Deck/Porch, Elevator, Pool, Storage Facility

Garage/Parking

  • Garage: Two Car

Utilities

  • Air Conditioner: Central, Electric
  • Heating: Electric
  • Sewer: Public Sewer
  • Water: Public Water

Condo/Co-op/Association

  • HOA Includes: Management
  • Management: Off-Site Professionals

Lot Info

  • Location: Beach Block, Corner, Water View

Rental Info

  • Pets: Yes W/Restrictions

Multi Family

  • Unit Features: Foyer, Handicap Features

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2016
Closed on
Oct 5, 2016
Sold by
Benedetto Conrad and Benedetto Joanne
Bought by
Marhefka John W and Marhefka Janet M
Seller's Agent
Linda Novelli
Compass Real Estate-Margate
Buyer's Agent
Vincent Novelli
Compass Real Estate-Margate
List Price
$705,000
Sold Price
$705,000
Current Estimated Value
$1,183,347

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$478,347
Avg. Annual Appreciation
6.51%

Purchase Details

Closed on
Dec 31, 2009
Sold by
Montery Avenue Associates Lp
Bought by
Benedetto Conrad and Benedetto Joanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
4.71%
Mortgage Type
New Conventional
Source: Public Records

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
Marhefka John W $705,000 None Available
Benedetto Conrad $825,000 Freedom Title & Abstract Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fanelli John F $339,900
Closed Marhefka John W $500,000
Previous Owner Benedetto Conrad $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/05/2016 10/05/16 Sold $705,000 0.0% --
09/02/2016 09/02/16 Pending -- -- --
08/28/2016 08/28/16 For Sale $705,000 -- --
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 $8,919 $625,000 $400,000 $225,000
2024 $8,919 $625,000 $400,000 $225,000
2023 $8,788 $625,000 $400,000 $225,000
2022 $8,538 $625,000 $400,000 $225,000
2021 $8,288 $625,000 $400,000 $225,000
2020 $8,056 $625,000 $400,000 $225,000
2019 $7,994 $625,000 $400,000 $225,000
2018 $7,863 $625,000 $400,000 $225,000
2017 $7,706 $625,000 $400,000 $225,000
2016 $7,463 $625,000 $400,000 $225,000
2015 $7,350 $625,000 $400,000 $225,000
2014 $7,188 $625,000 $400,000 $225,000
Source: Public Records

Agents Affiliated with this Home

  • Linda Novelli

    Seller's Agent in 2016

    Linda Novelli

    Compass Real Estate-Margate

    (609) 839-3715

    1 in this area

    171 Total Sales

    Linda Novelli
    Section Image
  • Vincent Novelli

    Buyer's Agent in 2016

    Vincent Novelli

    Compass Real Estate-Margate

    (609) 335-4501

    74 Total Sales

    Vincent Novelli
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 473981

South Jersey Shore Regional MLS

APN: 15-00118-02-00007-0000-C0502

New Jersey Cape May County Wildwood 08260 The Wildwoods

407 E Monterey Ave Unit 502, Wildwood, NJ

This home is located at 407 E Monterey Ave Unit 502, Wildwood, NJ 08260 since 28 August 2016 and is currently estimated at $1,183,347. 407 E Monterey Ave Unit 502 is a home located in Cape May County with nearby schools including Crest Memorial School, Wildwood Catholic Academy, and Wildwood Catholic High School.

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