NOT LISTED FOR SALE

48 Spruce Ave Villas, NJ 08251

Estimated Value: $362,279 - $416,000

2 Beds
1 Bath
1,020 Sq Ft
$386/Sq Ft Est. Value

Last Sold August 12, 2016

Last sale price $165,000 $162 Per Sq Ft

Est. 139% increase in value since last sale

Current estimated payment $2,373/month

28 Days on Market

Highlights

  • Property near a bay
  • Ranch Style House
  • Wood Flooring
  • Deck
  • Cathedral Ceiling
  • Fenced Yard

About This Home

As of August 2016

Adorable renovated Beach Cottage! This home is only two blocks to the Delaware Bay beaches and sunsets and 5-10 minutes to Cape May and The Wildwoods! It is situated on a beautiful lot with mature trees and plantings and runs street to street from Spruce to Warwick. It is fully fenced in, has a spacious outside shower and offers wonderful outside living spaces to enjoy summer BBQ's, playing in the yard and keeping dogs and kids safe. There is a lovely side deck with privacy lattice for enjoying a morning cup of coffee or an evening glass of wine. Off street parking on Warwick makes it easy to pull up to the home and unload groceries. The style and flavor of this home is beachy and restful. Neutral tones and natural finishes make this a very special and charming home. Enter into the front living room finished in creamy whites with a bead board ceiling that opens to the eat-in kitchen. The kitchen has raised panel light oak cabinetry and subway tile backsplash. The open floor plan of this home is ideal for entertaining and enjoying friends and family. Moving to the rear of the home is a large family room with vaulted ceilings and plenty of windows for lots of natural light. Very large laundry room could easily include a second full bath if so desired. There are two bedrooms, one for you and one for your guests but you could also put a pull-out sofa in the back family room and sleep extra people. The tile bathroom has been stylishly upgraded. Bonuses and Extras include new fridge and microwave, a heater that doesn't shut down if there is a power failure! (no electricity is required to start it), a large shed for storage or a workshop that has electricity, there is a well that feeds the hose bib for no cost water but the pump is currently not working and is being sold in AS-IS condition. There are two weeks rented 6/22-6/26 and 7/9-7/13 and at $1250 per week!! Call now! Easy to show!

Last Agent to Sell the Property

Rebecca Chamberlain,SFR,SRES

LONG & FOSTER REAL ESTATE, INC cm Listed on: 06/15/2016

LONG & FOSTER REAL ESTATE, INC cm

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,411

Year Built

  • Built in 1954

Lot Details

  • Fenced Yard
  • Interior Lot
  • Cleared Lot

Home Design

  • Ranch Style House
  • Vinyl Siding

Interior Spaces

  • 1,020 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Blinds
  • Drapes & Rods
  • Living Room
  • Crawl Space
  • Storage In Attic
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Oven
  • Stove
  • Range

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Car Garage
  • Parking Pad
  • Driveway

Outdoor Features

  • Outdoor Shower
  • Property near a bay
  • Deck
  • Enclosed Patio or Porch
  • Outdoor Storage

Utilities

  • Window Unit Cooling System
  • Propane Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 9 / 320

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,411

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Cleared Lot, Inside Lot
  • District Township: 05-Lower Township
  • Near: Delaware Bay
  • Also Includes: Drapes, Curtains, Shades, Blinds, Window Treatments
  • Estimated Year Built: 1954
  • Bay Proximity: 2 Blocks
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1954

Interior Features

  • Appliances Included: Range, Oven, Refrigerator, Washer, Dryer, Smoke/Fire Detector, Stove Propane
  • Interior Amenities: Cathedral Ceilings, Wood Flooring, Smoke/Fire Alarm, Walk in Closet, Vinyl Flooring
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Bedrooms: 2
  • Total Rooms: 7
  • Basement: Crawl Space
  • Estimated Living Sq Ft: 1020
  • Other Rooms: Living Room, Kitchen, Recreation/Family, Eat-In-Kitchen, Laundry/Utility Room, Storage Attic

Exterior Features

  • Construction: Ranch
  • Exterior: Vinyl
  • Outside Features: Deck, Enclosed/Covered Patio, Porch, Fenced Yard, Storage Building, Cable TV, Outside Shower

Garage/Parking

  • Parking Garage: Parking Pad, 2 Car, Concrete Driveway

Utilities

  • Cooling: Ceiling Fan, Window Air Conditioning
  • Heating: Gas Propane
  • Hot Water: Propane
  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 9
  • Lot Size: 75x90
  • Zoning: R
  • Lot Size Range: 6001-10000 SqFt

Tax Info

  • Taxes: > 2411

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2016
Closed on
Aug 12, 2016
Sold by
Brady Thomas A and Fowks Lesley
Bought by
Salvadore Thomas J and Salvadore Michele
Seller's Agent
Rebecca Chamberlain,SFR,SRES
LONG & FOSTER REAL ESTATE, INC cm
List Price
$179,000
Sold Price
$165,000
Premium/Discount to List
-$14,000
-7.82%
Current Estimated Value
$394,070

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$229,070
Avg. Annual Appreciation
10.71%

Purchase Details

Closed on
Jun 10, 2005
Sold by
Knight David A and Knight Christine
Bought by
Brady Thomas A and Fowks Leslie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
5.78%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 13, 2002
Sold by
Velahos Kristy S
Bought by
Knight David A and Knight Christine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
6.48%

Purchase Details

Closed on
Oct 17, 1996
Sold by
Moser Robert S
Bought by
Velahos Kristy S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,000
Interest Rate
8.26%

Purchase Details

Closed on
Sep 8, 1989
Sold by
Edwards William
Bought by
Moser Robert and Moser Sharon
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Salvadore Thomas J $165,000 Title Company Of Jersey
Brady Thomas A $230,000 The Title Company Of Jersey
Knight David A $140,000 --
Velahos Kristy S $69,000 --
Moser Robert $65,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fowks Lesley A $155,285
Previous Owner Brady Thomas A $184,000
Previous Owner Knight David A $112,000
Previous Owner Velahos Kristy S $62,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2016 08/12/16 Sold $165,000 -7.8% $162 / Sq Ft
07/13/2016 07/13/16 Pending -- -- --
06/15/2016 06/15/16 For Sale $179,000 -- $175 / 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 $2,908 $143,700 $88,800 $54,900
2024 $2,908 $143,700 $88,800 $54,900
2023 $2,863 $143,700 $88,800 $54,900
2022 $2,778 $143,700 $88,800 $54,900
2021 $2,692 $143,700 $88,800 $54,900
2020 $2,647 $143,700 $88,800 $54,900
2019 $2,584 $143,700 $88,800 $54,900
2018 $2,525 $143,700 $88,800 $54,900
2017 $2,525 $143,700 $88,800 $54,900
2016 $2,490 $143,700 $88,800 $54,900
2015 $2,411 $143,700 $88,800 $54,900
2014 $2,324 $143,700 $88,800 $54,900
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Cape May County Association of REALTORS®

MLS Number: 170825

Cape May County Association of REALTORS®

APN: 05-00320-0000-00009