NOT LISTED FOR SALE

507 E 7th Ave Unit 3 Wildwood, NJ 08260

The Wildwoods Neighborhood

Estimated Value: $851,227 - $955,000

3 Beds
2 Baths
-- Sq Ft
8,015 Sq Ft Lot

Last Sold October 03, 2016

Last sale price $455,000

Est. 98% increase in value since last sale

Current estimated payment $5,303/month

24 Days on Market

Highlights

  • Water Views
  • Building is beachfront but unit may not have water views
  • Furnished
  • Property is near a beach
  • Wood Flooring
  • 5-minute walk to Bil Henfey Park

About This Home

As of October 2016

BEACHBLOCK CONDO HAS IT ALL: GREAT BUILDING, PREMIER LOCATION, OCEAN VIEWS, FANTASTIC UPGRADES, EXCELLENT HOA. This beautiful 3 BR 2 Bath North Wildwood Condo is situated just steps from the renowned 7th St. Beach and has big, blue ocean views. Inside, find high end features including rich, wide-plank Avalon hardwood flooring, recessed lighting, gloss-finished waynes coating, and a utility washer room. This well designed and solidly constructed building with only 5 units provides each of its unit owners with 3 parking spots (including two garage spots), a huge storage space for each, a private outside shower for each unit, a spacious grilling and sitting area, and remarkably well maintained common areas and elements. This is condo living done right. A short single flight of stairs to a single floor living space. With a wide and well-appointed living area, roomy sleeping spaces, ocean views, and a premier location, this top-tier home in one of the most desired blocks of North Wildwood will not be on the market for long.

Last Agent to Sell the Property

JOHN BURKE

LONG & FOSTER REAL ESTATE, INC sic Listed on: 08/10/2016

LONG & FOSTER REAL ESTATE, INC sic

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,353

Year Built

  • Built in 2003

Lot Details

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

Interior Spaces

  • 1-Story Property
  • Furnished
  • Ceiling Fan
  • Fireplace
  • Blinds
  • Great Room
  • Dining Area
  • Storage Room
  • Wood Flooring
  • Water Views

Kitchen

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

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Parking

  • 3 Car Garage
  • Driveway
  • Assigned Parking

Utilities

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

Additional Features

  • Property is near a beach
  • Ground Level Unit

Listing and Financial Details

  • Legal Lot and Block 8 / 420

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,353

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Class: CONDO/TOWNHOUSE
  • Type: Condo
  • Seasonal Year Round: YEAR ROUND USAGE
  • Location: Beach Block, Water View
  • District Township: 07-N. Wildwood City
  • Also Includes: Blinds, Rugs, Furniture
  • Estimated Year Built: 2003
  • Beach Proximity: 1 Block
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 2003

Interior Features

  • Appliances Included: Range, Oven, Self-Clean 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: Kitchen, Recreation/Family, Dining Area, Pantry, Laundry/Utility Room, Great Room, Storage Space

Garage/Parking

  • Parking: Garage, 3 Car, Assigned Parking, Concrete Driveway

Utilities

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

Condo/Co-op/Association

  • Unit: Three
  • Common Area Features: Fenced Yard
  • Condo Fees: $183/month
  • Unit Features: Fireplace, Hardwood Floors
  • Unit Location: First Floor

Lot Info

  • Lot Number: 8

Tax Info

  • Taxes: > 5353.11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 14, 2003
Sold by
Dee Developers Inc
Bought by
Brennan James F and Brennan Bridget C
Current Estimated Value
$902,807

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,800
Outstanding Balance
$103,454
Interest Rate
5.88%
Estimated Equity
$799,353
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
Brennan James F $303,535 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brennan James F $242,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/03/2016 10/03/16 Sold $455,000 -3.0% --
09/03/2016 09/03/16 Pending -- -- --
08/10/2016 08/10/16 For Sale $469,000 -- --
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 $6,821 $439,500 $250,000 $189,500
2024 $6,821 $439,500 $250,000 $189,500
2023 $6,676 $439,500 $250,000 $189,500
2022 $6,408 $439,500 $250,000 $189,500
2021 $4,563 $439,500 $250,000 $189,500
2020 $5,938 $439,500 $250,000 $189,500
2019 $5,740 $439,500 $250,000 $189,500
2018 $5,577 $439,500 $250,000 $189,500
2017 $5,459 $439,500 $250,000 $189,500
2016 $5,353 $439,500 $250,000 $189,500
Source: Public Records

Agents Affiliated with this Home

  • JOHN BURKE

    Seller's Agent in 2016

    JOHN BURKE

    LONG & FOSTER REAL ESTATE, INC sic

    (856) 776-6126

    3 in this area

    54 Total Sales

    JOHN BURKE
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Map

Source: Cape May County Association of REALTORS®

MLS Number: 171762

Cape May County Association of REALTORS®

APN: 07-00420-0000-00008-0000-C0003

New Jersey Cape May County Wildwood 08260 The Wildwoods

507 E 7th Ave Unit 3, Wildwood, NJ

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