NOT LISTED FOR SALE

5 E Sherman Ave Strathmere, NJ 08248

Estimated Value: $1,048,117 - $1,383,000

3 Beds
1 Bath
-- Sq Ft
4,008 Sq Ft Lot

Last Sold August 29, 2016

Last sale price $481,250

Est. 153% increase in value since last sale

Current estimated payment $7,181/month

164 Days on Market

Highlights

  • Property near a bay
  • Building is beachfront but unit may not have water views
  • Deck
  • Ocean City Primary School Rated A
  • Island Location
  • Ranch Style House

About This Home

As of August 2016

Just a short walk from the beach is this adorable Strathmere cottage. Property features include hardwood floors, shed, oversized front deck, recently installed septic system, & more. Income producing 2016 summer leases on file! Enjoy your own charming Strathmere retreat or renovate to create the vacation home of your dreams.

Last Agent to Sell the Property

Bruce Riordan

RIORDAN REAL ESTATE INC. Listed on: 02/17/2016

Co-Listed By

BRIAN W RIORDAN

RIORDAN REAL ESTATE INC.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,352

Year Built

  • Built in 1970

Lot Details

  • Building is beachfront but unit may not have water views
  • Cleared Lot
  • Property is zoned RR

Home Design

  • Ranch Style House
  • Wood Siding
  • Asbestos Siding
  • Masonry Siding

Interior Spaces

  • Furnished
  • Drapes & Rods
  • Blinds
  • Living Room
  • Dining Area
  • Storage
  • Storage In Attic
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Stove
  • Range
  • Microwave

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry closet
  • Dryer
  • Washer

Basement

  • Exterior Basement Entry
  • Crawl Space

Outdoor Features

  • Outdoor Shower
  • Property near a bay
  • Deck
  • Patio
  • Outdoor Storage
  • Outdoor Grill

Location

  • Island Location

Utilities

  • Window Unit Cooling System
  • Zoned Heating
  • Electric Water Heater

Listing and Financial Details

  • Legal Lot and Block 20 / 834

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,352

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Beach Block, Cleared Lot, Island
  • District Township: 11-Upper Township
  • Near: Beach
  • Also Includes: Drapes, Curtains, Shades, Blinds, Rugs, Furniture
  • Estimated Year Built: 1970
  • Bay Proximity: 1 Block
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1970

Interior Features

  • Appliances Included: Range, Oven, Self-Clean Oven, Microwave Oven, Refrigerator, Washer, Dryer, Smoke/Fire Detector, Stove Electric
  • Interior Amenities: Wood Flooring, Smoke/Fire Alarm, Storage, Vinyl Flooring
  • Total Bathrooms: 1.1
  • Full Bathrooms: 1
  • Bedrooms: 3
  • Total Rooms: 7
  • Basement: Crawl Space, Outside Entrance
  • Other Rooms: Living Room, Kitchen, Eat-In-Kitchen, Dining Area, Pantry, Storage Attic, 1st Floor Master Bedroom, Laundry Closet

Exterior Features

  • Construction: Ranch
  • Exterior: Asbestos, Wood, Masonry Block
  • Frontage: 40
  • House Color: Blue
  • Outside Features: Patio, Deck, Grill, Storage Building, Sidewalks, Outside Shower

Utilities

  • Cooling: Window Air Conditioning
  • Heating: Electric, Multi-Zoned
  • Hot Water: Electric
  • Sewer: Septic
  • Water: City

Lot Info

  • Lot Number: 20
  • Lot Size: 40' x 100'
  • Total Assessment: 419200
  • Zoning: RR
  • Lot Size Range: 1 to 6000 SqFt

Tax Info

  • Taxes: > 7352.77

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2016
Closed on
Aug 29, 2016
Sold by
Booth Thomas and Booth Maureen
Bought by
Space Ad Llc
Seller's Agent
Bruce Riordan
RIORDAN REAL ESTATE INC.
List Price
$529,900
Sold Price
$481,250
Premium/Discount to List
-$48,650
-9.18%
Current Estimated Value
$1,216,529

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$735,279
Avg. Annual Appreciation
10.50%

Purchase Details

Closed on
Jun 3, 2012
Sold by
Panunto Loretta
Bought by
Booth Thomas and Booth Maureen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
3.76%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Space Ad Llc $481,250 None Available
Booth Thomas $487,500 Midlantic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Booth Thomas $390,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/29/2016 08/29/16 Sold $481,250 -9.2% --
07/30/2016 07/30/16 Pending -- -- --
02/17/2016 02/17/16 For Sale $529,900 -- --
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 $9,612 $432,800 $363,800 $69,000
2024 $9,612 $432,800 $363,800 $69,000
2023 $9,128 $432,800 $363,800 $69,000
2022 $8,820 $432,800 $363,800 $69,000
2021 $6,292 $432,800 $363,800 $69,000
2020 $8,176 $432,800 $363,800 $69,000
2019 $7,977 $432,800 $363,800 $69,000
2018 $7,769 $432,800 $363,800 $69,000
2017 $7,682 $432,800 $363,800 $69,000
2016 $7,554 $419,200 $363,800 $55,400
2015 $7,353 $419,200 $363,800 $55,400
2014 $6,986 $487,500 $418,900 $68,600
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2016

    Bruce Riordan

    RIORDAN REAL ESTATE INC.

    (609) 827-0135

    27 in this area

    37 Total Sales

    Bruce Riordan
    Section Image

  • B

    Seller Co-Listing Agent in 2016

    BRIAN W RIORDAN

    RIORDAN REAL ESTATE INC.

    (609) 263-3235

    31 in this area

    44 Total Sales

    BRIAN W RIORDAN
    Section Image
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Map

Source: Cape May County Association of REALTORS®

MLS Number: 168535

Cape May County Association of REALTORS®

APN: 11-00834-0000-00020

New Jersey Cape May County Strathmere 08243

5 E Sherman Ave, Strathmere, NJ

Not Listed for Sale

Detached

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