$505,000
SOLD JAN 13, 2025

507 E Orchid Rd Unit 208 Wildwood, NJ 08260

The Wildwoods Neighborhood
2 Beds
2 Baths
720 Sq Ft
$400/mo HOA Fee

Recently Sold

$701 Per Sq Ft

1% Above List Price

5 Days on Market

Highlights

  • Property near a bay
  • Island Location
  • Community Pool
  • Building is beachfront but unit may not have water views
  • Furnished
  • Elevator

About This Home

As of January 2025

The Oceans 7 Orchid complex amenities include an oversize (approx. 25x50) heated pool with separate kiddie pool, spacious fenced pool area with lounge chairs and umbrellas, private beach entrance with sand rinse, a large grill patio with three grills and tables/chairs, coin-op laundry rooms on 2 floors, and an elevator. Unit 208 includes one parking spot and a ground-level storage cubby for all your beach gear. This unit is on the west end of the complex, just 5 steps to the complex's huge sun deck that boasts dining tables, loungers, spectacular sunset views, and an ocean view. Rounding out this unique find is an unbeatable location. Conveniently located only one short block to the north is Sunrise Park—with its large grassy areas, splash park, exercise area, and bike rental and the bike path that starts in the park lets cyclists, walkers, and runners go from the Crest all the way to North Wildwood without having to cross a street! Centennial Park with its free concerts is just 4 blocks away, and Sunset Park is an easy 10-minute stroll to the west. Unit 208 has a strong rental history (with leases in place for 2025) to help offset costs and is being conveyed fully furnished (minus personal items).

Last Agent to Sell the Property

Jeanine Cabrera

Cabrera Coastal Real Estate License #9805133 Listed on: 11/27/2024

Last Buyer's Agent

Charlotte Erace

KELLER WILLIAMS REALTY JERSEY SHORE wc License #2321019

KELLER WILLIAMS REALTY JERSEY SHORE wc

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,065

Year Built

  • Built in 1975

HOA Fees

  • $400 Monthly HOA Fees

Interior Spaces

  • 720 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Drapes & Rods
  • Living Room
  • Dining Area
  • Tile Flooring
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Oven
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Home Security

Parking

  • 1 Parking Space
  • Assigned Parking

Outdoor Features

  • Outdoor Shower
  • Property near a bay
  • Bulkhead

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Gas Water Heater

Additional Features

  • Building is beachfront but unit may not have water views
  • Island Location

Listing and Financial Details

  • Legal Lot and Block 7 / 94.03

Community Details

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed

Additional Features

  • Elevator
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,065

Year Built

Built in 1975

Lot Details

0

HOA Fees

$400 per month

Listing Details

  • Class: CONDO/TOWNHOUSE
  • Type: Condo
  • Seasonal Year Round: YEAR ROUND USAGE
  • Location: Beach Block, Island
  • District Township: 15-Wildwood Crest
  • Near: Beach, recreation
  • Also Includes: Curtains, Rugs, Furniture
  • Estimated Year Built: 1975
  • Bay Proximity: 4 Blocks
  • New Construction: No
  • Capital Contribution: Yes
  • Pet Friendly: Owners allowed pets
  • OFFICELIST_STATE: NJ
  • Street Designation: Road
  • CondoFeeFrequency: Monthly
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0
  • Year Built: 1975

Interior Features

  • Appliances Included: Oven, Microwave Oven, Refrigerator, Dishwasher, Disposal, Smoke/Fire Detector, 1777
  • Number Of Stories: One
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 2
  • Estimated Living Sq Ft: 720
  • Other Rooms: Living Room, Eat In Kitchen, Dining Area, 1st Floor Master Bedroom

Garage/Parking

  • Parking: 1 Car, Assigned Parking

Utilities

  • Cooling: Central Air, Electric
  • Heating: Electric, Forced Air, Heat Pump
  • Hot Water: Gas
  • Sewer: City
  • Water: City

Condo/Co-op/Association

  • Common Area Features: Elevator, Storage Facilities, Bulkhead, Outside Shower, Pool, Laundry Room
  • Condo Fees: 400.00
  • Unit Features: Tile Floors

Lot Info

  • Lot Number: 7
  • Zoning: M-1

Tax Info

  • Taxes: 3065.08
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 27, 2024
Closed on
Jan 13, 2025
Sold by
Ajb Ventures Inc
Bought by
Martorano Rocco and Martorano Kelly
Seller's Agent
Jeanine Cabrera
Cabrera Coastal Real Estate
Buyer's Agent
Charlotte Erace
KELLER WILLIAMS REALTY JERSEY SHORE wc
List Price
$499,999
Sold Price
$505,000
Premium/Discount to List
$5,001
1%
Views
44
Current Estimated Value
$516,296

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,296
Avg. Annual Appreciation
2.49%
Original Mortgage
$378,750
Outstanding Balance
$376,058
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$140,238
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $505,000 Foundation Title
Deed $505,000 Foundation Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $378,750 New Conventional
Closed $378,750 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/13/2025 01/13/25 Sold $505,000 +1.0% $701 / Sq Ft
12/02/2024 12/02/24 Pending -- -- --
11/27/2024 11/27/24 For Sale $499,999 +47.1% $694 / Sq Ft
02/01/2022 02/01/22 Sold $340,000 0.0% $463 / Sq Ft View Prior Sale
05/27/2021 05/27/21 Pending -- -- --
02/26/2021 02/26/21 For Sale $340,000 -- $463 / 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 $3,111 $218,000 $125,000 $93,000
2024 $3,111 $218,000 $125,000 $93,000
2023 $3,065 $218,000 $125,000 $93,000
2022 $1,589 $116,300 $70,900 $45,400
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Cape May County Association of REALTORS®

MLS Number: 243466

Cape May County Association of REALTORS®

APN: 15 00094- 03-00007-0000-C0208