NOT LISTED FOR SALE

Estimated Value: $662,000 - $776,000

2 Beds
1 Bath
1,110 Sq Ft
$283/mo HOA Fee

Last Sold September 08, 2023

Last sale price $650,000 $586 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $4,475/month

6 Days on Market

Highlights

  • Boat Dock
  • Island Location
  • Eat-In Kitchen
  • Property Fronts a Bay or Harbor
  • Fireplace
  • Living Room

About This Home

As of September 2023

Sunset Bay Condo Association consists of only 9 units. There are currently plans underway to remodel the exterior with all new siding, trim, decks, stairs and railings. Unit owners will also have the option at that time to upgrade their windows and doors. This remodel will not only greatly enhance the look of this building, but it will most likely also increase the value of these units well above the costs incurred. A 20K assessment per unit was voted on and approved by the owners last fall and collection of it is underway. The remaining balance at the time of contract will be worked out as part of the sale.

Last Agent to Sell the Property

Toni R. O'Connell

CAPE ISLANDS REALTY, LLC Listed on: 06/16/2023

Last Buyer's Agent

Ryan Straub

KELLER WILLIAMS MAIN STREET License #1754523

KELLER WILLIAMS MAIN STREET

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,499

Year Built

  • Built in 1983

Lot Details

  • 0.42

HOA Fees

  • $283 Monthly HOA Fees

Interior Spaces

  • 1,110 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • Blinds
  • Living Room
  • Water Views

Kitchen

  • Eat-In Kitchen
  • Oven
  • Range
  • Dishwasher
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • 1 Parking Space
  • Shared Driveway
  • Assigned Parking

Utilities

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

Additional Features

  • Bulkhead
  • Property Fronts a Bay or Harbor
  • Island Location

Listing and Financial Details

  • Legal Lot and Block 20 / 91

Community Details

Recreation

  • Boat Dock

Additional Features

  • Community Deck or Porch
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,499

Year Built

Built in 1983

Lot Details

0

HOA Fees

$283 per month

Listing Details

  • Class: CONDO/TOWNHOUSE
  • Type: Condo
  • Seasonal Year Round: YEAR ROUND USAGE
  • Location: Bay Front, Island, Water View
  • District Township: 07-North Wildwood City
  • Also Includes: Blinds
  • Estimated Year Built: 1983
  • New Construction: No
  • Second Address Number: 437
  • Price per Sq Ft: 585.59
  • Selling Agent1: 3110
  • Selling Office1: 744
  • OFFICELIST_STATE: NJ
  • Street Designation: Avenue
  • CondoFeeFrequency: Quarterly
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1
  • Year Built: 1983

Interior Features

  • Appliances Included: Range, Oven, Refrigerator, Washer, Dryer, Dishwasher, Disposal, Smoke/Fire Detector, 1777
  • Number Of Stories: Two
  • Total Bathrooms: 1.1
  • Full Bathrooms: 1
  • Bedrooms: 2
  • Estimated Living Sq Ft: 1110
  • Other Rooms: Living Room, Kitchen, Eat In Kitchen

Garage/Parking

  • Parking: 1 Car, Assigned Parking, Black Top Driveway, Shared Driveway

Utilities

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

Condo/Co-op/Association

  • Unit: 8
  • Common Area Features: Deck/Porch, Storage Facilities, Dock/Boat Slip, Bulkhead
  • Condo Fees: 850.00
  • Unit Features: Fireplace, Wall To Wall Carpet, Tile Floors, Laminate Fooring
  • Unit Location: Top Floor, Water View

Lot Info

  • Lot Number: 20

Tax Info

  • Taxes: 3499.2
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2023
Closed on
Aug 26, 2023
Sold by
Geist John A and Geist Sandra K
Bought by
Barnshaw Erik T and Barnshaw Karen A
Seller's Agent
Toni R. O'Connell
CAPE ISLANDS REALTY, LLC
Buyer's Agent
Ryan Straub
KELLER WILLIAMS MAIN STREET
List Price
$599,000
Sold Price
$650,000
Premium/Discount to List
$51,000
8.51%
Views
183
Current Estimated Value
$709,073

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,073
Avg. Annual Appreciation
4.70%
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
Barnshaw Erik T $650,000 Title Services
Barnshaw Erik T $650,000 Title Services
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2023 09/08/23 Sold $650,000 +8.5% $586 / Sq Ft
06/22/2023 06/22/23 Pending -- -- --
06/16/2023 06/16/23 For Sale $599,000 -- $540 / 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 $3,725 $240,000 $128,100 $111,900
2024 $3,725 $240,000 $128,100 $111,900
2023 $3,646 $240,000 $128,100 $111,900
2022 $3,499 $240,000 $128,100 $111,900
2021 $2,492 $240,000 $128,100 $111,900
2020 $3,242 $240,000 $128,100 $111,900
2019 $3,134 $240,000 $128,100 $111,900
2018 $3,046 $240,000 $128,100 $111,900
2017 $2,981 $240,000 $128,100 $111,900
2016 $2,923 $240,000 $128,100 $111,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 231605

Cape May County Association of REALTORS®

APN: 07-00091-0000-00020-0000-C0008