NOT LISTED FOR SALE

503 Forest Rd Villas, NJ 08251

Estimated Value: $577,000 - $626,000

3 Beds
2 Baths
1,156 Sq Ft
$520/Sq Ft Est. Value

Last Sold April 06, 2020

Last sale price $350,000 $303 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $3,543/month

11 Days on Market

Highlights

  • Property near a bay
  • Deck
  • Wood Flooring
  • Building is beachfront but unit may not have water views
  • Ranch Style House
  • Fenced Yard

About This Home

As of April 2020

Due to the volume of interest, all offers, highest and best, to be presented by Saturday 2/22/20 by 5 pm. Seller will review on Sunday 2/23/20 for response to all parties. Please provide most recent financials/preapprovals as needed with offers. Escrow checks payable to Trident Land Transfer.

Last Agent to Sell the Property

Lynn Romolini

BERKSHIRE HATHAWAY HS FOX & ROACH sic License #1972129 Listed on: 02/12/2020

BERKSHIRE HATHAWAY HS FOX & ROACH sic

Last Buyer's Agent

David Morasco

BERKSHIRE HATHAWAY HS FOX & ROACH sic License #1647306

BERKSHIRE HATHAWAY HS FOX & ROACH sic

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,640

Year Built

  • Built in 1975

Lot Details

  • Lot Dimensions are 50x100
  • Building is beachfront but unit may not have water views
  • Fenced Yard

Home Design

  • Ranch Style House
  • Wood Siding

Interior Spaces

  • 1,156 Sq Ft Home
  • Ceiling Fan
  • Living Room
  • Dining Room
  • Storage
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

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

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry closet
  • Dryer
  • Washer

Parking

  • 2 Car Garage
  • Stone Driveway

Outdoor Features

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

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Zoned Heating
  • Baseboard Heating
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 12/2939 / 512

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,640

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Beach Block
  • District Township: 05-Lower Township
  • Near: Bay
  • Also Includes: See Remarks
  • Estimated Year Built: 1975
  • Bay Proximity: 1 Block
  • New Construction: No
  • Second Address Number: 503
  • Lot Size2: 50X100
  • Price per Sq Ft: 302.77
  • Selling Agent1: 4664
  • Selling Office1: 603
  • OFFICELIST_STATE: NJ
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1975

Interior Features

  • Appliances Included: Range, Oven, Self-Clean Oven, Refrigerator, Washer, Dryer, Smoke/Fire Detector, Stove Electric
  • Interior Amenities: Wood Flooring, Smoke/Fire Alarm, Storage, Laminate Flooring, Tile Flooring
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 3
  • Total Rooms: 6
  • Basement: Crawl Space
  • Estimated Living Sq Ft: 1156
  • Other Rooms: Living Room, Dining Room, Kitchen, Eat-In-Kitchen, Laundry Closet

Exterior Features

  • Construction: Ranch
  • Exterior: Wood
  • Outside Features: Deck, Porch, Grill, Fenced Yard, Storage Building, Cable TV, Outside Shower

Garage/Parking

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

Utilities

  • Cooling: Ceiling Fan, Wall Air Conditioning
  • Heating: Electric, Baseboard, Hot Water, Multi-Zoned
  • Hot Water: Electric
  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 12/2939
  • Lot Size: 1 to 6000 SqFt
  • Total Assessment: 201800
  • Zoning: Res

Tax Info

  • Taxes: 3640.47
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2020
Closed on
Mar 23, 2020
Sold by
Moses Richard A and Moses Royal
Bought by
Mont Eve M and Morasco David
Seller's Agent
Lynn Romolini
BERKSHIRE HATHAWAY HS FOX & ROACH sic
Buyer's Agent
David Morasco
BERKSHIRE HATHAWAY HS FOX & ROACH sic
List Price
$325,000
Sold Price
$350,000
Premium/Discount to List
$25,000
7.69%
Current Estimated Value
$601,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$251,500
Avg. Annual Appreciation
10.35%
Original Mortgage
$280,000
Interest Rate
3.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 15, 2003
Sold by
Donovan Michael P
Bought by
Moses Sheila Royal and Moses Richard A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,200
Interest Rate
6.09%

Purchase Details

Closed on
Jul 14, 1988
Sold by
Pannullo Elizabeth
Bought by
Pannullo Elizabeth
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
Mont Eve M $350,000 None Available
Moses Sheila Royal $229,000 --
Pannullo Elizabeth $44,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mont Eve M $280,000
Previous Owner Moses Sheila Royal $183,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/06/2020 04/06/20 Sold $350,000 +7.7% $303 / Sq Ft
02/23/2020 02/23/20 Pending -- -- --
02/12/2020 02/12/20 For Sale $325,000 -- $281 / 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 $4,093 $201,800 $117,800 $84,000
2024 $4,093 $201,800 $117,800 $84,000
2023 $4,034 $201,800 $117,800 $84,000
2022 $3,911 $201,800 $117,800 $84,000
2021 $3,794 $201,800 $117,800 $84,000
2020 $3,733 $201,800 $117,800 $84,000
2019 $3,640 $201,800 $117,800 $84,000
2018 $3,554 $201,800 $117,800 $84,000
2017 $3,558 $201,800 $117,800 $84,000
2016 $3,503 $201,800 $117,800 $84,000
2015 $3,390 $201,800 $117,800 $84,000
2014 $3,279 $201,800 $117,800 $84,000
Source: Public Records

Agents Affiliated with this Home

  • Lynn Romolini

    Seller's Agent in 2020

    Lynn Romolini

    BERKSHIRE HATHAWAY HS FOX & ROACH sic

    (610) 308-2324

    6 in this area

    65 Total Sales

    Lynn Romolini
    Section Image

  • D

    Buyer's Agent in 2020

    David Morasco

    BERKSHIRE HATHAWAY HS FOX & ROACH sic

    Section Image
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Map

Source: Cape May County Association of REALTORS®

MLS Number: 200638

Cape May County Association of REALTORS®

APN: 05-00512-12-02939

New Jersey Cape May County Villas 08251

503 Forest Rd, Villas, NJ

This home is located at 503 Forest Rd, Villas, NJ 08251 since 12 February 2020 and is currently estimated at $601,500, approximately $520 per square foot. This property was built in 1975. 503 Forest Rd is a home located in Cape May County with nearby schools including David C. Douglass Veterans Memorial School, Carl T. Mitnick School, and Maud Abrams School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Cape May County Association of REALTORS® Broker Reciprocity: The data relating to real estate for sale or rent on this web site comes in part from the Broker Reciprocity program of the Cape May County Multiple Listing Service. Real estate listings held by brokerage firms other than Ten-X are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. This information is deemed reliable but not guaranteed. Representations as subject to verification by inspection and subject to change without notice. Some properties which appear for sale or rent on this website may no longer be available because they are under contract, have sold, or are no longer being offered for sale or rent. Information is deemed to be accurate but not guaranteed.

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