NOT LISTED FOR SALE

5 Putnam Ave Strathmere, NJ 08248

Estimated Value: $1,321,000 - $2,712,000

3 Beds
4 Baths
2,200 Sq Ft
$1,039/Sq Ft Est. Value

Last Sold March 21, 2022

Last sale price $1,923,900 $874 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $14,016/month

15 Days on Market

Highlights

  • Water Views
  • New Construction
  • Island Location
  • Ocean City Primary School Rated A
  • Building is beachfront but unit may not have water views
  • Deck

About This Home

As of March 2022

This home is located at 5 Putnam Ave, Strathmere, NJ 08248 since 29 March 2021 and is currently estimated at $2,286,245, approximately $1,039 per square foot. This property was built in 2021. 5 Putnam Ave is a home located in Cape May County with nearby schools including Ocean City Primary School, Ocean City Intermediate School, and Ocean City High School.

Last Agent to Sell the Property

BRIAN W RIORDAN

RIORDAN REAL ESTATE INC. Listed on: 03/29/2021

Co-Listed By

Bruce Riordan

RIORDAN REAL ESTATE INC.

Last Buyer's Agent

Carol Menz

COASTLINE REALTY, LLC

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2021 | New Construction

Lot Details

  • Lot Dimensions are 80'x100'
  • Building is beachfront but unit may not have water views
  • Cleared Lot
  • Property is zoned RR

Home Design

  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 2,200 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Living Room
  • Dining Room
  • Workshop
  • Storage
  • Water Views
  • Fire and Smoke Detector

Kitchen

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

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 3 Car Attached Garage
  • Automatic Garage Door Opener

Outdoor Features

  • Outdoor Shower
  • Deck
  • Enclosed Patio or Porch

Location

  • Island Location

Utilities

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

Listing and Financial Details

  • Legal Lot and Block 13.01 / 829

Home Details

Home Type

Single Family

Year Built

Built in 2021 | New Construction

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Beach Block, Cleared Lot, Island, Water View
  • District Township: 11-Upper Township
  • Near: Beach
  • Estimated Year Built: 2021
  • New Construction: Yes
  • Listing Office2: 392
  • Lot Size2: 80'x100'
  • OFFICELIST_STATE: NJ
  • Street Designation: Avenue
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Year Built: 2021

Interior Features

  • Appliances Included: Range, Oven, Self-Clean Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Smoke/Fire Detector, Stove Natural Gas
  • Interior Amenities: Cathedral Ceilings, Elevator, Fireplace- Gas, Wood Flooring, Smoke/Fire Alarm, Storage, Walk in Closet, Wall to Wall Carpet, Tile Flooring
  • Total Bathrooms: 4.1
  • Full Bathrooms: 4
  • Bedrooms: 3
  • Total Rooms: 7
  • Basement: Slab
  • Estimated Living Sq Ft: 2200
  • Other Rooms: Living Room, Dining Room, Kitchen, Eat-In-Kitchen, Dining Area, Pantry, Laundry/Utility Room, Workshop

Exterior Features

  • Construction: Three Story
  • Exterior: Vinyl
  • Frontage: 80
  • Outside Features: Patio, Deck, Enclosed/Covered Patio, Porch, Sidewalks, Outside Shower

Garage/Parking

  • Parking Garage: Garage, 3 Car, Attached, Auto Door Opener

Utilities

  • Cooling: Central Air Condition, Ceiling Fan, Multi Zoned
  • Heating: Gas Natural, Forced Air, Multi-Zoned
  • Hot Water: Gas- Natural
  • Sewer: Septic
  • Water: City

Lot Info

  • Lot Number: 13.01
  • Lot Size: 6001-10000 SqFt
  • Zoning: RR

Tax Info

  • Taxes: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2021
Closed on
Mar 21, 2022
Sold by
5 Putnam Avenue Llc
Bought by
Blakeley John and Furlong Amy
Seller's Agent
BRIAN W RIORDAN
RIORDAN REAL ESTATE INC.
Buyer's Agent
Carol Menz
COASTLINE REALTY, LLC
List Price
$1,749,000
Sold Price
$1,923,900
Premium/Discount to List
$174,900
10%
Current Estimated Value
$2,286,245

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$362,345
Avg. Annual Appreciation
4.58%
Original Mortgage
$1,425,000
Outstanding Balance
$1,325,445
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
$960,800

Purchase Details

Listed on
Mar 29, 2021
Closed on
Mar 7, 2022
Sold by
Williams John T
Bought by
Williams John T
Seller's Agent
BRIAN W RIORDAN
RIORDAN REAL ESTATE INC.
Buyer's Agent
Carol Menz
COASTLINE REALTY, LLC
List Price
$1,749,000
Sold Price
$1,923,900
Premium/Discount to List
$174,900
10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,425,000
Outstanding Balance
$1,325,445
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
$960,800

Purchase Details

Closed on
Jan 14, 2010
Sold by
Logan Jeannie M and Monichetti Jeanne L
Bought by
Beach Put Llc

Purchase Details

Closed on
Jun 14, 2004
Sold by
Bauer Albert T and Bauer Henry F
Bought by
Logan Jeannie M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
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
Blakeley John $1,923,900 Title Company Of Jersey
5 Putnam Avenue Llc -- Title Company Of Jersey
Williams John T -- Title Company Of Jersey
Williams John T -- Title Company Of Jersey
Beach Put Llc -- The Title Company Of Jersey
Logan Jeannie M $380,000 The Title Company Of Jersey
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Williams John T $1,425,000
Closed Williams John T $1,425,000
Previous Owner Logan Jeannie M $360,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/21/2022 03/21/22 Sold $1,923,900 +10.0% $875 / Sq Ft
04/13/2021 04/13/21 Pending -- -- --
03/29/2021 03/29/21 For Sale $1,749,000 +297.5% $795 / Sq Ft
02/28/2020 02/28/20 Sold $440,000 +19.2% $200 / Sq Ft View Prior Sale
02/20/2020 02/20/20 Pending -- -- --
07/30/2019 07/30/19 For Sale $369,000 -- $168 / 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 $25,724 $1,158,200 $388,000 $770,200
2024 $25,724 $1,158,200 $388,000 $770,200
2023 $24,426 $1,158,200 $388,000 $770,200
2022 $7,907 $388,000 $388,000 $0
2021 $7,616 $388,000 $388,000 $0
2020 $7,329 $388,000 $388,000 $0
2019 $7,151 $388,000 $388,000 $0
2018 $6,965 $388,000 $388,000 $0
2017 $3,692 $208,000 $208,000 $0
2016 $3,748 $208,000 $208,000 $0
2015 $3,648 $208,000 $208,000 $0
2014 $3,898 $272,000 $272,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 211100

Cape May County Association of REALTORS®

APN: 11 00829-0000-00013- 01