NOT LISTED FOR SALE

Estimated Value: $790,000 - $1,071,000

-- Bed
-- Bath
-- Sq Ft
4,008 Sq Ft Lot

Last Sold May 01, 2015

Last sale price $395,000

Est. 138% increase in value since last sale

Current estimated payment $5,517/month

207 Days on Market

Highlights

  • Property is near a beach
  • Furnished
  • Eat-In Kitchen
  • Island Location
  • Enclosed Patio or Porch
  • Living Room

About This Home

As of May 2015

Immaculate Duplex, located one block from beach and two blocks from the beginning of the boardwalk. One owner since 1950. Three bedroom, 1 bath on first floor, Two bedroom., 1 bath upstairs. Excellent rental potential income: First Floor $10,000-$12,000 for the season. Second Floor: $8500-$10,000 for the season. First floor unit has Gas/Hot water baseboard heat for year round usage. Roof is 3 years old. Being sold furnished, less personals. Total Square footage is 1654.11. First floor square footage is 929.03 sq. ft. Second floor square footage is 725.08 sq ft

Last Agent to Sell the Property

Kelly Hamlin

KELLER WILLIAMS REALTY JERSEY SHORE wc Listed on: 09/06/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,580

Year Built

  • Built in 1950

Lot Details

  • 4,008

Home Design

  • Duplex

Interior Spaces

  • Furnished
  • Ceiling Fan
  • Drapes & Rods
  • Blinds
  • Living Room
  • Storage Room
  • Laundry Room
  • Eat-In Kitchen

Parking

  • 3 Parking Spaces
  • Parking Pad
  • Driveway

Outdoor Features

  • Outdoor Shower
  • Property is near a beach
  • Enclosed Patio or Porch
  • Outdoor Storage

Location

  • Island Location

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Separate Meters
  • Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Legal Lot and Block 9 / 299

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,580

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Type: Duplex
  • Location: Island
  • District Township: 07-N. Wildwood City
  • Near: Ocean, Boardwalk
  • Also Includes: Drapes, Curtains, Shades, Blinds, Rugs, Furniture
  • Estimated Year Built: 1950
  • Beach Proximity: 1 Block
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1950

Interior Features

  • Other Rooms: Living Room, Eat In Kitchen, Laundry/Utility Room, Storage Space

Exterior Features

  • Outside Features: Enclosed/Cov. Patio, Porch, Storage Building, Sidewalks, Outside Shower

Garage/Parking

  • Parking: Parking Pad, 3 Car, Concrete Driveway

Utilities

  • Separate Meter: Electric
  • Cooling: Ceiling Fan, Wall Air Conditioning
  • Heating: Baseboard
  • Hot Water: Gas
  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 9
  • Lot Size: 40x100
  • Zoning: R10B
  • Lot Size Range: 1 to 6000 SqFt

Tax Info

  • Tax Database Id: 1
  • Taxes: 4580.42
  • Assessor Parcel Number: 07002990000000090000

Multi Family

  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2014
Closed on
May 18, 2015
Sold by
Moore Anita L and Moore Noreen
Bought by
Drumm Christopher and Drumm Maureen
Seller's Agent
Kelly Hamlin
KELLER WILLIAMS REALTY JERSEY SHORE wc
List Price
$430,000
Sold Price
$395,000
Premium/Discount to List
-$35,000
-8.14%
Current Estimated Value
$940,733

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$545,733
Avg. Annual Appreciation
8.62%
Original Mortgage
$296,250
Outstanding Balance
$227,972
Interest Rate
3.65%
Mortgage Type
New Conventional
Estimated Equity
$712,761

Purchase Details

Closed on
Mar 27, 1979
Bought by
Moore Anita L and Moore Noreen
Source: Public Records

Range of Values:

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Average Value
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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
Drumm Christopher $395,000 Surety Title
Moore Anita L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Drumm Christopher $296,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/01/2015 05/01/15 Sold $395,000 -8.1% --
04/01/2015 04/01/15 Pending -- -- --
09/06/2014 09/06/14 For Sale $430,000 -- --
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 $7,010 $451,700 $300,000 $151,700
2024 $7,010 $451,700 $300,000 $151,700
2023 $6,861 $451,700 $300,000 $151,700
2022 $6,586 $451,700 $300,000 $151,700
2021 $4,690 $451,700 $300,000 $151,700
2020 $6,102 $451,700 $300,000 $151,700
2019 $5,899 $451,700 $300,000 $151,700
2018 $5,732 $451,700 $300,000 $151,700
2017 $5,610 $451,700 $300,000 $151,700
2016 $5,502 $451,700 $300,000 $151,700
2015 $4,793 $424,900 $320,000 $104,900
2014 -- $424,900 $320,000 $104,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 159591

Cape May County Association of REALTORS®

APN: 07-00299-0000-00009