NOT LISTED FOR SALE

502 Sherwood Ave Gloucester City, NJ 08030

Estimated Value: $349,000 - $377,000

4 Beds
2.5 Baths
1,975 Sq Ft
$185/Sq Ft Est. Value

Last Sold October 16, 2015

Last sale price $195,000 $99 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $2,685/month

77 Days on Market

Highlights

  • 0.29 Acre Lot
  • Deck
  • No HOA
  • Colonial Architecture
  • 1 Fireplace
  • Living Room

About This Home

As of October 2015

You're search is over. This stunning Dutch colonial has it all; old world character, sophistication, and a touch of modern chic. As you drive up the quiet street of Sherwood Ave you will immediately notice the pride of ownership in this home. Upon entering the home you will see the original hardwood floors throughout the spacious living room, formal dining room, as well as the parlor. The living room also boasts a gas fireplace that will keep you warm and toasty on cold nights. The open floor plans flows into the newly remodeled kitchen that includes a breakfast bar, ample amount of cabinet space for storage & counter space for all of your cooking needs, in addition to a butler's pantry! First floor also includes the newly added Master Suite including multiple closets to meet all of your storage desires, as well as large Master bath. Master suite also has a private entrance to your deck. Second floor includes 3 additional bedrooms, full bath and large hall closets for more storage. As well as stairway that leads you to an attic with endless possibilities. The outdoor living area was simply made for entertaining! The multi-level deck with over 500 square feet is the perfect place to sit back & relax after a long day of work. Don't forget the partially finished basement with rec room, loads of storage space, as well as workshop area! Convenient to major access roads! This meticulously maintained home will not be around for long. Make your move now.

Last Agent to Sell the Property

Scott Kompa

(856) 386-1945 scott@scottkompa.com EXP Realty, LLC License #675454 Listed on: 06/08/2015

EXP Realty, LLC

Last Buyer's Agent

Dave Beach

(609) 685-4942 realtordavebeach@comcast.net RE/MAX Community-Williamstown

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,654

Year Built

  • Built in 1926

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 100x125

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 1,975 Sq Ft Home
  • Property has 2 Levels
  • 1 Fireplace
  • Living Room
  • Dining Room
  • Basement Fills Entire Space Under The House
  • Laundry on main level

Bedrooms and Bathrooms

  • 4 Bedrooms

Parking

  • 3 Open Parking Spaces
  • 4 Parking Spaces

Outdoor Features

  • Deck

Schools

  • Gloucester City Junior Senior High School

Utilities

  • Central Air
  • Radiator
  • Heating System Uses Gas
  • Hot Water Heating System
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00003
  • Assessor Parcel Number 14-00253-00003

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,654

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Dining Area
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Bedroom 1
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Main Floor
  • Total Sq Ft: 1975
  • Living Area Sq Ft: 1975
  • Net Sq Ft: 1975.00
  • Price Per Sq Ft: 106.08
  • Above Grade Finished Sq Ft: 1975
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding, Brick
  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 3
  • Total Garage And Parking Spaces: 4

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Hot Water, Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • High School: GLOUCESTER CITY JUNIOR SENIOR

Lot Info

  • Improvement Assessed Value: 135900.00
  • Land Assessed Value: 45600.00
  • Lot Size Acres: 0.29
  • Lot Dimensions: 100X125
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 12500.00
  • Outdoor Living Structures: Deck(s), Roof
  • Zoning: SFR

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1854923
  • Tax Annual Amount: 6654.00
  • Assessor Parcel Number: 14-00253-00003
  • Tax Lot: 00003
  • Tax Year: 2015

MLS Schools

  • School District Name: GLOUCESTER CITY SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2015
Closed on
Oct 16, 2015
Sold by
Connelly Wayne J and Connelly Christina L
Bought by
Kramer Kyle and Kramer Arlene
Seller's Agent
Scott Kompa
EXP Realty, LLC
Buyer's Agent
Dave Beach
RE/MAX Community-Williamstown
List Price
$215,000
Sold Price
$195,000
Premium/Discount to List
-$20,000
-9.3%
Current Estimated Value
$365,563

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$170,563
Avg. Annual Appreciation
6.41%
Original Mortgage
$188,491
Outstanding Balance
$148,253
Interest Rate
3.87%
Mortgage Type
FHA
Estimated Equity
$217,310
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
Kramer Kyle $195,000 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kramer Kyle $188,491
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/16/2015 10/16/15 Sold $195,000 -6.9% $99 / Sq Ft
08/24/2015 08/24/15 Pending -- -- --
07/14/2015 07/14/15 Price Changed $209,500 -2.6% $106 / Sq Ft
06/08/2015 06/08/15 For Sale $215,000 -- $109 / Sq Ft
Source: Bright MLS

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 $9,099 $181,500 $45,600 $135,900
2024 $9,082 $181,500 $45,600 $135,900
2023 $9,082 $181,500 $45,600 $135,900
2022 $8,540 $181,500 $45,600 $135,900
2021 $8,454 $181,500 $45,600 $135,900
2020 $8,164 $181,500 $45,600 $135,900
2019 $7,997 $181,500 $45,600 $135,900
2018 $7,841 $181,500 $45,600 $135,900
2017 $7,679 $181,500 $45,600 $135,900
2016 $7,389 $181,500 $45,600 $135,900
2015 $6,654 $181,500 $45,600 $135,900
2014 $6,437 $122,700 $31,900 $90,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002622302

Bright MLS

APN: 14-00253-0000-00003