NOT LISTED FOR SALE

5 Tern St Cape May, NJ 08204

Estimated Value: $401,000 - $447,000

3 Beds
2 Baths
1,184 Sq Ft
$357/Sq Ft Est. Value

Last Sold November 04, 2015

Last sale price $191,000 $161 Per Sq Ft

Est. 121% increase in value since last sale

Current estimated payment $2,587/month

42 Days on Market

Highlights

  • Cathedral Ceiling
  • Loft
  • Skylights
  • Wood Flooring
  • Den
  • Porch

About This Home

As of November 2015

One of the Cape May areas best kept secrets. Nestled on a tranquil street in the desirable Bay Garden area of Lower Township with minimum through traffic. This charming home is immaculate and well maintained. Lovely front porch provides entry to a bright and airy living room with open floor plan and a vaulted ceiling with Casablanca ceiling fan. Eat in kitchen with granite countertop and ceramic tile backsplash. Off to the right of the living area you will find 2 bedrooms and hall bath on the first floor. Washer and Dryer plus extra closets for storage. Bedroom and bath on the second floor with open loft area which is now a TV room and awaiting your personal choice. Professional landscaping offering plenty of privacy with stone retaining wall and paver patio. Outside shower, storage area and off street parking as well as a sprinkler system. Storage on all levels. Owner has had a new air conditioner installed this month. A must see! Note: There is a Bay Gardens Landowners Association. An annual fee of $50.00 is paid by the seller.

Last Agent to Sell the Property

Kathleen Nace

HOMESTEAD REAL ESTATE CO. INC. Listed on: 08/24/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,782

Year Built

  • Built in 1990

Lot Details

  • Sprinkler System

Parking

  • Driveway

Home Design

  • Quadruplex
  • Vinyl Siding

Interior Spaces

  • 1,184 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Whole House Fan
  • Ceiling Fan
  • Skylights
  • Living Room
  • Den
  • Loft
  • Storage
  • Fire and Smoke Detector

Kitchen

  • Self-Cleaning Oven
  • Stove
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Patio
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 17 / 496

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,782

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: QUAD Unit
  • District Township: 05-Lower Township
  • Near: Fire RD
  • Estimated Year Built: 1990
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1990

Interior Features

  • Appliances Included: Range, Self-Clean Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Stove Electric
  • Interior Amenities: Cathedral Ceilings, Wood Flooring, Loft, Skylight, Smoke/Fire Alarm, Storage, Wall to Wall Carpet, Tile Flooring
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 3
  • Total Rooms: 7
  • Estimated Living Sq Ft: 1184
  • Other Rooms: Living Room, Kitchen, Den/TV Room, Loft

Exterior Features

  • Construction: Two Story
  • Exterior: Vinyl
  • Frontage: 60
  • House Color: Blue
  • Outside Features: Patio, Porch, Cable TV, Sidewalks, Outside Shower, Sprinkler System

Garage/Parking

  • Parking Garage: Concrete Driveway

Utilities

  • Cooling: Central Air Condition, Ceiling Fan, Whole House Fan
  • Heating: Gas Natural, Forced Air
  • Hot Water: Electric
  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 17
  • Lot Size: 60x60
  • Zoning: res
  • Lot Size Range: 1 to 6000 SqFt

Tax Info

  • Tax Database Id: 1
  • Taxes: > 2782
  • Assessor Parcel Number: 05004960018000170000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2015
Closed on
Oct 18, 2015
Sold by
Terry Mary Marguerite
Bought by
Mulliken Rose Ann
Seller's Agent
Kathleen Nace
HOMESTEAD REAL ESTATE CO. INC.
List Price
$191,000
Sold Price
$191,000
Current Estimated Value
$422,558

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$231,558
Avg. Annual Appreciation
7.47%

Purchase Details

Closed on
Jul 31, 1998
Sold by
Piotrowski Thomas S
Bought by
Terry Mary Marguerite

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
6.92%

Purchase Details

Closed on
Mar 30, 1990
Sold by
Bay Gardens Inc
Bought by
Piotrowski Thomas and Piotrowski Joyce
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
Mulliken Rose Ann $191,000 None Available
Terry Mary Marguerite $92,000 --
Piotrowski Thomas $95,800 --
Bay Gardens Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Terry Mary Marguerite $30,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/04/2015 11/04/15 Sold $191,000 0.0% $161 / Sq Ft
10/05/2015 10/05/15 Pending -- -- --
08/24/2015 08/24/15 For Sale $191,000 -- $161 / 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 $3,472 $171,200 $74,200 $97,000
2024 $3,472 $171,200 $74,200 $97,000
2023 $3,422 $171,200 $74,200 $97,000
2022 $3,318 $171,200 $74,200 $97,000
2021 $3,219 $171,200 $74,200 $97,000
2020 $3,167 $171,200 $74,200 $97,000
2019 $3,088 $171,200 $74,200 $97,000
2018 $3,015 $171,200 $74,200 $97,000
2017 $3,018 $171,200 $74,200 $97,000
2016 $2,972 $171,200 $74,200 $97,000
2015 $2,876 $171,200 $74,200 $97,000
2014 $2,782 $171,200 $74,200 $97,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 165790

Cape May County Association of REALTORS®

APN: 05-00496-18-00017