NOT LISTED FOR SALE

507 E 7th Ave Unit 2 Wildwood, NJ 08260

The Wildwoods Neighborhood

Estimated Value: $882,000 - $972,000

3 Beds
2 Baths
-- Sq Ft
$183/mo HOA Fee

Last Sold December 18, 2020

Last sale price $615,000

Est. 52% increase in value since last sale

Current estimated payment $5,640/month

6 Days on Market

Highlights

  • Water Views
  • Building is beachfront but unit may not have water views
  • Cathedral Ceiling
  • Property is near a beach
  • Island Location
  • 5-minute walk to Bil Henfey Park

About This Home

As of December 2020

EZ to show with lockbox and entry door code. Offered furnished less exclusion list available upon request. Please be sure to lock all doors, sliders, turn off all lights and return keys to the lockbox upon your departure. Please follow All CDC Guidelines regarding Covid-19 and wear a mask when entering and touring the building. Kindly provide feedback regarding your showing. Thank you for showing!

Last Agent to Sell the Property

Paul Zografakis

RE/MAX SURFSIDE License #0565035 Listed on: 10/16/2020

Last Buyer's Agent

Mary Messina

LONG & FOSTER REAL ESTATE, INC sh License #1972148

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,756

Year Built

  • Built in 2003

Lot Details

  • Building is beachfront but unit may not have water views
  • Fenced Yard

HOA Fees

  • $183 Monthly HOA Fees

Interior Spaces

  • 1-Story Property
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Fireplace
  • Drapes & Rods
  • Blinds
  • Entrance Foyer
  • Living Room
  • Dining Area
  • Storage Room
  • Tile Flooring
  • Water Views

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Parking

  • 3 Car Attached Garage
  • Parking Pad
  • Automatic Garage Door Opener
  • Assigned Parking

Outdoor Features

  • Outdoor Shower
  • Property is near a beach
  • Property near a bay

Location

  • Island Location

Utilities

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

Listing and Financial Details

  • Legal Lot and Block 8 / 420

Community Details

Amenities

  • Building Patio
  • Community Deck or Porch

Pet Policy

  • Pets Allowed

Additional Features

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,756

Year Built

Built in 2003

Lot Details

0

HOA Fees

$183 per month

Listing Details

  • Class: CONDO/TOWNHOUSE
  • Type: Condo
  • Seasonal Year Round: YEAR ROUND USAGE
  • Location: Beach Block, Island, Water View
  • District Township: 07-North Wildwood City
  • Near: Beach, Sea Wall
  • Also Includes: Curtains, Blinds, Furniture
  • Estimated Year Built: 2003
  • Bay Proximity: 4 Blocks
  • Beach Proximity: 1 Block
  • New Construction: No
  • Capital Contribution: Yes
  • Pet Friendly: Owners allowed pets
  • OFFICELIST_ADDRESS2: #2
  • OFFICELIST_STATE: NJ
  • Street Designation: Avenue
  • CondoFeeFrequency: Monthly
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0
  • Year Built: 2003

Interior Features

  • Appliances Included: Range, Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Disposal, Smoke/Fire Detector
  • Number Of Stories: One
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 3
  • Other Rooms: Living Room, Kitchen, Dining Area, Laundry/Utility Room, Storage Space

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Common Area Features: Patio, Deck/Porch, Fenced Yard, Cable TV, Outside Shower
  • Condo Fees: 183
  • Unit Features: Fireplace, Cathedral Ceiling, Foyer, Tile Floors
  • Unit Location: Corner, Top Floor, Water View

Lot Info

  • Lot Number: 8

Tax Info

  • Taxes: 5755.54
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2020
Closed on
Dec 7, 2020
Sold by
Kelly Brian P and Donohoe Kelly A
Bought by
Gerding Justin and Gerding Kristin
Seller's Agent
Paul Zografakis
RE/MAX SURFSIDE
Buyer's Agent
Mary Messina
LONG & FOSTER REAL ESTATE, INC sh
List Price
$619,000
Sold Price
$615,000
Premium/Discount to List
-$4,000
-0.65%
Current Estimated Value
$931,929

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$316,929
Avg. Annual Appreciation
8.93%
Original Mortgage
$492,000
Outstanding Balance
$438,027
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$493,902

Purchase Details

Closed on
Aug 15, 2011
Sold by
Bevivino Vincent A and Bevivino Mary V
Bought by
Kelly Brian Paul and Donohoe Kelly Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,500
Interest Rate
4.62%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Gerding Justin $615,000 Surety Title
Kelly Brian Paul $434,000 Mutual Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gerding Justin $492,000
Previous Owner Kelly Brian Paul $325,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/18/2020 12/18/20 Sold $615,000 -0.6% --
10/22/2020 10/22/20 Pending -- -- --
10/16/2020 10/16/20 For Sale $619,000 -- --
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 $6,840 $440,700 $250,000 $190,700
2024 $6,840 $440,700 $250,000 $190,700
2023 $6,694 $440,700 $250,000 $190,700
2022 $6,425 $440,700 $250,000 $190,700
2021 $4,416 $440,700 $250,000 $190,700
2020 $5,954 $440,700 $250,000 $190,700
2019 $5,756 $440,700 $250,000 $190,700
2018 $5,592 $440,700 $250,000 $190,700
2017 $5,473 $440,700 $250,000 $190,700
2016 $5,368 $440,700 $250,000 $190,700
Source: Public Records

Agents Affiliated with this Home

  • Paul Zografakis

    Seller's Agent in 2020

    Paul Zografakis

    RE/MAX SURFSIDE

    (609) 846-3100

    168 in this area

    171 Total Sales

    Paul Zografakis
    Section Image

  • M

    Buyer's Agent in 2020

    Mary Messina

    LONG & FOSTER REAL ESTATE, INC sh

    (215) 630-8003

    10 in this area

    27 Total Sales

    Mary Messina
    Section Image
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Map

Source: Cape May County Association of REALTORS®

MLS Number: 204088

Cape May County Association of REALTORS®

APN: 07-00420-0000-00008-0000-C0002

New Jersey Cape May County Wildwood 08260 The Wildwoods

507 E 7th Ave Unit 2, Wildwood, NJ

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